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                    Selected News:   

OPEC Should Respect Ceiling


TEHRAN Nov 19 (Shana)--On the eve of holding 166th Ministerial Meeting of OPEC in Vienna on November 27 it seems OPEC members should take their commitment to quotas serious and try to remove the surplus from the market.

While OPEC conference is approaching most of the analyses have been focused on two approaches: stabilization of production ceiling on the one hand and cutting production on the other hand.

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Drilling On Schedule in Sepand Gas Field  


TEHRAN Nov 18 (Shana)--Drilling operations of the first exploratory well in Sepand gas field which is going on schedule will give more accurate data on the gas field reserves, an exploration official said.

NIOC website quoted Ghadirali Fakouri head of Persian Gulf studies at exploration department as saying the department prepared its first program related to evaluation of Sepand gas field reservoir in 1993 but drilling was suspended up to now due to lack of access to accurate data about the gas field’s reserves.

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Iran, Armenia Mull Petchem Cooperation


TEHRAN Nov 19 (Shana)--Iran and Armenia are exploring ways to enhance cooperation in the petrochemical sector, Armenian Ambassador to Iran Grigor Arakelian has said.He said that Iran’s petrochemical industry enjoys good potentials in Armenian markets.

“Tehran and Yerevan have recently held very useful talks for increasing the level of cooperation in the petrochemical industry and Armenia is ready for any cooperation and interaction for benefiting from Iran in the petrochemical industry,” said Arakelian.

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