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Paknejad:

Iran’s gas production in full swing to get through winter

SHANA (Tehran) – The minister of oil emphasized the need to manage consumption alongside increasing the country’s energy production capacity, stating that gas production is currently operating at full capacity to ensure passage through the winter months.
President stresses continued energy consumption management

SHANA (Tehran) – The president has called on all government officials to maintain strict oversight of energy consumption management in their respective departments.
NIORDC:

Euro-standard fuel production rises 11% under 14th administration

SHANA (Tehran) – The production of Euro-standard petroleum products in Iran increased by 11% during the 14th administration, according to the operations coordination and supervision manager at the National Iranian Oil Refining and Distribution Company (NIORDC).
Minister:

Leveraging petrochemical refineries to reduce crude exports

SHANA (Tehran) – The minister of oil discussed plans to reduce crude oil exports, emphasizing the importance of petrochemical refineries and mini-refineries.

تیتر دو

MoU signed for boosting low-yielding oil wells

SHANA (Tehran) – A tripartite agreement was signed to implement the executive guidelines for Article 13 of the Economic Council’s resolution regarding the boosting production of low-yielding oil wells.
Acidizing operation on Seventh Well of SP Phase 11 completed

SHANA (Tehran) – The project manager for the development of Phase 11 of South Pars announced the completion of the acidizing operation on the seventh well of the SPD11B platform in the shared South Pars gas field.
Daily CNG consumption in Iran exceeds 21 mcm

SHANA (Tehran) – The manager of the CNG project at the National Iranian Oil Products Distribution Company announced that over 21 million cubic meters (mcm) of compressed natural gas (CNG) are consumed daily in Iran.
$80m annual savings will be achieved with new pipeline to Bandar Abbas Refinery

SHANA (Tehran) – The CEO of the National Iranian Oil Engineering and Construction Company announced that the newly operational pipeline supplying feedstock from the Goreh-Jask main pipeline to the Bandar Abbas refinery will save $80 million annually by replacing sea transportation with land transportation.

Analysis

Energy; chance for Iran-Cuba cooperation

Cuba is among countries principally dependent on overseas to supply its energy needs. However, this Latin American nation is endowed with potential offshore oil and gas reserves whose exploration and extraction may, to a large extent, help Cuba meet its energy demand and bring an end to its imports. That is why Cuba has over years embarked on extensive efforts for exploration and drilling, signing contracts with a variety of nations.
2023-08-20 11:40
Hydrogen, green and clean energy

As the world gets closer to the 28th Conference of Parties (COP) to be held in the United Arab Emirates, competition amongst renewables in order to stay ahead of the curve intensifies. However, according to latest data and statistics released by International Energy Agency (IEA) on April 2023, energy from hydrogen is ahead compared to all other sources of energy in, as long as the rate of new investments is concerned. Though green hydrogen is still behind solar and wind in absolute term. According to the above-mentioned IEA report, total renewables accounted for 11 percent of total global energy consumption in 2022. Among these renewables: solar, wind, hydroelectric and geothermal energies, hydrogen stood last.
2023-08-17 15:37
Transition to New Order in Oil Market?

TEHRAN (Shana) -- The Iranian Petroleum Ministry’s Directorate of OPEC and Int’l Energy Fora has analyzed the oil market to conclude that last year’s developments gave rise to a new tug-of-war, which will soon result in a new balance of forces. In the new order envisaged for the oil market, Western governments will see their monopoly decline on the oil market which would turn into a regional market with a lower level of integration. However, the trans-Atlantic energy market between North America and Europe is projected to show further integration.
2023-02-28 13:30
2022 Oil Market Review and 2023 Forecast

TEHRAN (Shana) -- As the international oil market warms up for 2023 let’s take a look at major events that had immense impact on the world oil markets in 2022. The global energy market was just done with Pandemic that hit demand in early 2020 jeopardizing the supply chain most severely. Producing countries need to be praised and acknowledged for the wonderful job of adjusting skillfully with the demand destruction leading to a swift balance in the market. However, early in 2022 the international oil and energy market was confronted with a severe blow when the Russian conflict with Ukraine broke out on 24 February 2022.
2023-02-28 13:29
Iran, China Forming Mutual Dependence: Expert

TEHRAN (Shana) -- The head of the Institute of International Energy Studies (IIES) stated that the relations between Iran and China are getting stronger, and said: “The Chinese have always maintained their relationship with our country despite the imposition of sanctions against Iran.”
2023-02-21 16:53
18 Processing Units at Abadan Refinery

TEHRAN (Shana) -- Being the first oil refinery in the Middle East set up more than 110 years ago, Abadan oil refinery is considered one of Iran’s refining hubs, but due to the dilapidation of some of its units, its renovation and updating using modern technology is inevitable. For this purpose, replacement and renovation of the refinery was carried out in two stages, the first stage with the construction of a new refining complex of 150,000 b/d as phase 1 in 2005 and the second stage with the construction of a new refining complex with a capacity of 210,000 b/d under the title of Abadan Refinery Capacity Development and Stabilization Plan as Phase 2 started in July 2017 and the first part of it was put into operation in December. Therefore, the final capacity of the refinery was stabilized at 360,000 b/d.
2023-01-31 13:00

Report

Petchem value chain completion easy task

Completing the value chain of the petrochemical industry is crucial for Iran. From the standpoint of value creation, it would be possible to enhance national revenue by supplying petrochemical products of high value-added. On the other hand, it would be possible to develop the petrochemical industry to end dependence on imports for supplying domestic needs, which would in turn reduce dependence on crude oil and natural gas sales. The petrochemical projects operated under the 13th administration are all aimed at value chain completion. Implementation of these projects would result in the supply of 21 products in line with the value chain completion. National Petrochemical Company (NPC) expects to accelerate implementation of these projects by engaging holdings and investors.
2023-08-19 14:36
Iran, potential key player in oil market

Petroleum industry is a key sector in the Iranian economy. Iran has been trying its best to benefit from its giant hydrocarbon resources to realize its objectives set out in its development plans. Along with sustainable oil and gas production, Iran been instrumental in global energy supply. It may not be eliminated from global energy trading as it continues to play an effective role in this sector.
2023-08-15 21:39
SPGC value chain completed

South Pars refineries have processed over 2,030 bcm of natural gas during the past 26 years. South Pars Gas Complex (SPGC) has been supplying more than 75% of Iran’s gas needs, thereby playing an instrumental role in national economy. Ahmad Bahoush, CEO of SPGC, tells “Iran Petroleum” the gas complex plans to sell flare gas.
2023-08-14 20:24
Potential for cooperation with CIS

Mehdi Seyedi, acting head of the Ministry of Petroleum’s Europe, Americas and CIS Affairs Division, has said that Research Institute of Petroleum Industry (RIPI) engineers and specialists have contributed to $200 million commercialization and development of new oil and gas technologies.
2023-07-05 01:45