Financial Tribune - Total annual energy consumption in Iran is almost equal to the energy produced by burning 1.4 billion barrels of crude oil. The Iran Fuel Conservation Company says more than 35% of the energy is consumed in buildings. Industries and agriculture account for 24% and 17% respectively and the remaining (24%) or the equivalent of ...

SHANA - Khazar Exploration and Production Company (KEPCO) is in talks with leading energy giants from across the globe to lure them into investment and development of oil fields in big depths of water in Irans sector of the Caspian Sea, the company's CEO says. Mohsen Delaviz said no international firm has officially signaled readiness to develop ...

TEHRAN Oct 26 (Shana)--Iran is planning to become the top exporter of bitumen in Asia in six months, managing-director of a main supplier of bitumen said. Mohsen Delaviz, managing-director of Pasargad Oil Company, said Iran is currently producing 2.3 million tons a year of bitumen, providing four percent of the worlds total needs which equal 100 million ...

Tehran, Aug 17, IRNA Chief of Pasargad Oil Company Mohsen Delaviz on Sunday proposed establishment of Organization of the Bitumen Exporting Countries (OBEC). Pasargad is the largest bitumen producer in the Middle East. Talking to IRNA, he noted that global demand for bitumen is increasing and establishment of a global cartel to control the price ...

TEHRAN June 19 (Shana)--Pasargad Oil Company has exported 30 percent more bitumen during the six months year-on-year, the companys chief said. Mohsen Delaviz said the company exported 640,000 tons of bitumen during the six-month period. During the same period, we have managed to reach the 73-percent increase in bitumen delivery to clients, he said....