Iran, as one of the biggest producers of Oil & gas, is famous all around the world. In this week, there has been many new News in Iran Oil & Gas sector that are promising, both to Iran and International community.

Tabriz refinery– located in north western of Iran- is reported to launch a unit for the production of ultra-low-sulfur diesel (ULSD) in the coming months. Iran has currently 14 Oil refineries. The Oil prices has edged higher on Monday (June 19th) , pausing for breath after coming under pressure over the past month from rising production in the United States, Libya and Nigeria.(Financial tribune) other than that, Oil prices have largely remained locked within a narrow range of $45-50 a barrel in the past few weeks (Financial Tribune).

Also Representatives of the Italian oil major Eni will arrive in Tehran on Tuesday to ink two memorandums of understanding (MOUs) with the National Iran Oil & gas Company (NIOC) and France’s Total to go ahead with Iran SP gas project. (Iran Oil & gas News).

Another update in Iran Oil & Gas sector, is about Increase in West Karoun oil supply capacity, thanks to expanding pumping machinery and equipment.