Iran's energy sector review

Iran says bunkering (refuelling of ships) in Iranian ports is 5-7 US dollar cheaper than the same service in UAE’s Fujairah port. "About 17 shipping companies are sailing to Iranian ports in Persian Gulf and this is a great opportunity to boost bunkering operations. International ships can refuel in Iran’s Qeshm port, 120 miles far from Fujairah, to get cheaper fuel," Iran Shipping Lines chairman Mohammad Saeidi said. Qeshm port’s bunkering facilities with 1 million tons capacity were inaugurated Jan.26. It should be noted that marine trade shares 85 percent of Iran’s total trade turnover with foreign countries. Just six countries, including UAE are responsible for almost sixty percent of global bunker sales, according to OPEC’s estimations. Iran was not included in this list. UAE’s Fujairah is the world's second largest bunkering port, with annual sales of around 24 million tons. Iran claims that the about 80 percent of bunkered fuels in Fujairah is of Iranian...

Siemens has announced that it received a major order for 12 compressor trains with "high double-digit million euro range" worth for two onshore natural gas processing plants in Iran. Commercial operation is expected end in 2018, said the message from the company. One of the major plans of Iran is to import compressor and pumps for refinery projects worth up to $41 billion, by 2025. The projects include $27.3 billion worth in gas and $19.8 billion in oil refining sector. According to an official document, prepared by Iran's Oil Ministry and seen by Trend, Iran would import at least 1317 compressors in various sizes with worth $336 million by 2025. More than 80 percent of the needed pumps and compressors for Iran’s refineries would be imported. Iran also needs 1931 pumps to be imported with worth more than $530 million by 2025, the document says. In total, Iran has planned to inaugurate annually 9 oil refineries and 15 gas refineries from 2015-2025, with 210 an...