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IOOC Production Rises By 21 Percent
SHANA (Tehran) - Production manager at the Iranian Offshore Oil Company (IOOC), Amir Salari, says that the company succeeded in increasing offshore oil and gas condensate production by 21 percent over the last Iranian calendar year, 1402.
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Economic Growth Above 6 Percent Amid Oil Sector Contribution
SHANA (Tehran) - Executive vice president, Mohsen Mansouri, has said that Iran’s annual average economic growth has surpassed 6 percent amid oil sector’s magnificent contribution.
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Gas Production Rising By 127 mcm/d
SHANA (Tehran) - Gas production capacity of the country will rise by 127 million cubic meters per day by implementation of today’s signed memorandums of understanding, the National Iranian Oil Company’s (NIOC) managing director, Mohsen Khojastehmehr said.
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79 projects coming online this year, worth 16 billion dollars
SHANA (Tehran) - Iranian minister of petroleum, Javad Owji, says 79 semi-finished projects, worth 16 billion dollars, will come online during the current Iranian calendar year, ending on 20 March 2025.
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Iran’s LPG can meet Africa needs to the product
SHANA (Tehran) - Iran, as the third largest LPG producer in the world, is capable of exporting the product to African countries, acting head of international affairs at the National Iranian Gas Company (NIGC), Amirhoushang Karami, said.
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Iran; Most Reliable Source of Gas Supply in Coming Decades
SHANA (Tehran) – Iran which holds the second largest natural gas reserves in the world, can be one of the most reliable suppliers of natural gas over the next decades.
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Iran Eying Boosting Energy Cooperation with Africa
SHANA (Tehran)- Our estimates show that African countries enjoyed the highest rate of growth over the last Iranian calendar year, which ended on 20 March 2014, indicating there is a clear prospect for boosting energy cooperation with the continent over the next two decades.
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Oil Industry Driving Force Of Economic Growth, MP
SHANA (Tehran) – a member of Parliament’s committee of energy, Hosain Hosainzadeh, says the Petroleum Ministry approach on boosting energy cooperation with other countries, which is called as energy diplomacy, has been successful in view of economic growth and oil industry development.
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Directing Liquidity Toward Oil Industry Is A Win-Win Game
SHANA (Tehran)- Directing liquidity towards oil industry’s downstream activities not only leads to self-sufficiency but creates jobs along with profitability to the benefit of people.
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NPC To Accelerate Collecting Associated Gases
SHANA (Tehran) - The process of gathering associated gases will accelerate this year so that the majority of petrochemical complexes' gas flares will be turned off at the end of the current Iranian calendar year on March 20 2025.
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We Are Ready to Help Sri Lanka with Know-How, Raisie
SHANA (Tehran) - The Islamic Republic of Iran is ready to play a great role in Sri Lanka’s economic growth by making available its technical and engineering services.
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Oil Sector Leads Economic Growth
SHANA (Tehran) - Last year’s rising rate of economic growth was the result of considerable achievements in the oil sector.
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Iran’s High-Ranking Delegation Left Pakistan for Sri Lanka
SHANA (Tehran) – At the head of a high-ranking delegation, including the Minister of Petroleum Jawad Owji, the Iranian president headed toward Sri Lanka early this morning.
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Pakistan willing IP become operational very early, Owji
SHANA (Tehran) – Iranian Minister of Petroleum, Javad Owji, says Islamabad is willing that Iran’s gas export pipeline to Pakistan (IP) become operational as soon as possible.
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Iran And Pakistan Trade to Reach 10 B Dollars Annually
SHANA (Tehran) – Iran and Pakistan have decided to boost the level of their bilateral commercial exchange to as much as 10 billion dollars annually, Iranian President said.
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IP Revival High On the Agenda; Iranian President Visits Pakistan
SHANA (Tehran) – Iranian Minister of Petroleum, Javad Owji, embarked on his journey to Pakistan, accompanying the Islamic Republic of Iran’s president, Ebrahim Raisie, who left Tehran for a two-day visit to Pakistan today, 22 April.
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Petroleum Ministry And AEOI Sign MOU
SHANA (Tehran) – Petroleum Ministry and Atomic Energy Organization of Iran (AEOI) signed a memorandum of understanding (MOU) today, 22 April 22, to boost cooperation in a range of different issues including technology.
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Rising Oil Exports A Clear Sign Of Success, MP
SHANA (Tehran) – The 13th administration's performance in view of economic diplomacy has been successful, a member of Parliament said.
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NIOC Improving Fars Province Infrastructures
SHANA (Tehran) – The manager of NIOC’s Directorate Of Supervision On Southern Oil-Rich Regions Construction Projects, Babak Darabi, says as much as 40 thousand billion rials, Iranian currency, have been allocated to implementation of construction projects in Fars province.
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Oil Sector Attracts 41 Percent Of Total Foreign Investment
SHANA (Tehran): Since taking office in August 2021, the 13th administration has been able to attract 11.6 billion dollars of foreign investment of which 4.8 billion dollars have been allocated to the oil and gas mega projects.
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Collecting Seismic Data Contract Signed
SHANA (Tehran) – TENCO will implement 2-dimensional and 3-dimensional seismic operations in the north and northwestern of Iran over a two years period based on a contract signed on Tuesday, April 16.
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FT: Iran oil exports hit six-year high
Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost.
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Iran’s petrochemical production capacity to top 100m tons by mid-March 2025: NPC CEO
SHANA (Tehran) – Iran’s petrochemical production capacity will exceed 100 million tons by the end of the current Iranian year (March 20, 2025), said the National Petrochemical Company (NPC) managing director.
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Oil minister: Semifinished projects worth over $28b completed in a year
SHANA (Tehran) – Iran’s oil minister said on Wednesday semifinished projects worth more than $28 billion were completed in the Iranian calendar year of 1402 (March 21, 2023-March 19, 2024).
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Sanctions aimed at limiting Iran’s oil output, exports thwarted by Oil Ministry: PBO head
SHANA (Tehran) – Iran’s Plan and Budget Organization (PBO) chief said on Tuesday the Oil Ministry has managed to thwart the sanctions aimed at limiting the country’s oil production and sales in the international market.
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Iran viewed as reliable economic partner by gas importing countries
SHANA (Tehran) – Iran has been introduced as a reliable economic partner after long years of signing contracts with and exporting gas to neighboring states.
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Iran-Iraq gas contract extension outcome of promoted energy diplomacy, says MP
SHANA (Tehran) – The extension of a contract to export Iran’s gas to Iraq is the outcome of promoting energy diplomacy, particularly with neighboring states, said a member of the Parliament’s Energy Committee on Saturday.
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NPC chief says 12 petrochemical projects will come on stream by mid-March 2025
SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director said on Saturday 12 projects will become operational by the end of the Iranian calendar year of 1403 (March 20, 2025).
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Biggest increase in March oil output comes from Iran: OPEC report
SHANA (Tehran) – Iran’s oil production in March 2024 stood at 3.188 million barrels per day (bpd), showing a 28,000-barrel increase from its February output, the biggest hike among the members of the Organization of Petroleum Exporting Countries, the Monthly Oil Market Report (MOMR) of OPEC showed.
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Owji: Oil Ministry to provide projects with forex funds in collaboration with CBI
SHANA (Tehran) – The provision of foreign exchange funds for the Oil Ministry’s projects in collaboration with the Central of Bank of Iran (CBI) will be put on the agenda, said Oil Minister Javad Owji on Wednesday.