تیتر دو

  • MP: Issues facing Abadan Petrochemical Company to be addressed

    MP: Issues facing Abadan Petrochemical Company to be addressed

    SHANA (Tehran) – The head of the Energy Committee of the Parliament stated that efforts are underway to resolve the challenges and obstacles facing the Abadan Petrochemical Company, emphasizing that its production is a critical national need.

  • First National Digital Oil Refinery Conference held

    First National Digital Oil Refinery Conference held

    SHANA (Tehran) – The first National Digital Oil Refinery Conference and the second National Idea Show event were organized by the Innovation and Entrepreneurship Center of Abadan Petroleum University in collaboration with Abadan Oil Refining Company.

  • Gas flaring to cease in Haftkel oil region

    Gas flaring to cease in Haftkel oil region

    SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) announced the extinguishing of oil flares in Haftkel, stating that the launch of the Haftkel Gas Injection Project will permanently eliminate concerns over gas flaring in this oil-rich region.

  • 13% rise in natural gas consumption in residential sector

    13% rise in natural gas consumption in residential sector

    SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) reported a 13% increase in natural gas consumption by the residential, commercial, and small industrial sectors on Tuesday (February 18) compared to the same day last year.

Analysis

  • Mideast Impact on Energy Market

    Mideast Impact on Energy Market

    SHANA (Tehran) – The Middle East’s geopolitical outlook has significantly impacted global energy developments due to the crucial role of the region in oil and gas production.

  • US Bigger Role in Europe Energy Supply

    US Bigger Role in Europe Energy Supply

    SHANA (Tehran) – The Nord Stream 2 pipeline was designed to transmit natural gas directly from Russia to Germany, cutting through the Baltics.

  • Global Oil Market in 2024: Uncertainty and Volatility

    Global Oil Market in 2024: Uncertainty and Volatility

    SHANA (Tehran) – The global oil market is a dynamic and complex arena influenced by various factors such as geopolitical tensions, technological advancements, environmental concerns, and shifting consumer preferences.

  • Energy; chance for Iran-Cuba cooperation

    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.

  • Hydrogen, green and clean energy

    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.

  • Transition to New Order in Oil Market?

    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.  

Report

  • Jacket Loaded for Belal Field Platform

    Jacket Loaded for Belal Field Platform

    SHANA (Tehran) – The jacket for the platform of the development of the Belal gas field was recently loaded on Jetty No. 3 of Iran Marine Industrial Company (SADRA) in Bushehr to be finally installed on the reservoir block of this project at the Iran-Qatar border in the Persian Gulf.

  • WRFM to Help Prevent Oil Output Fall-Off

    WRFM to Help Prevent Oil Output Fall-Off

    SHANA (Tehran) – Artificial Intelligence (AI) is being widely used in the petroleum industry mainly due to the complicated nature and high costs of the industry, particularly in the processes of exploration, production, and operation.

  • $17b Investment in SP Compression Projects

    $17b Investment in SP Compression Projects

    SHANA (Tehran) – The South Pars gas field, jointly owned by Iran and Qatar, holds 8% of global gas reserves and about half of Iran’s gas deposits.

  • 65 oil, gas fields discovered in 45 years

    65 oil, gas fields discovered in 45 years

    SHANA (Tehran) - Iran sits atop the world’s largest oil and gas reserves combined, amounting to 1,200 billion barrels of oil equivalent (boe).

  • Oil 2024, Quick Review

    Oil 2024, Quick Review

    SHANA (Tehran) – The world oil market did not experience much volatility in 2024. North Sea Brent traded between $83 and $85 a barrel in the 1H2024, which was weakened to even $71 a barrel during the third and fourth quarters due to lower demand.

  • Petchem value chain completion easy task

    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.