تیتر دو

  • OPEC 180th Meeting to Reconvene Tomorrow

    OPEC 180th Meeting to Reconvene Tomorrow

    TEHRAN (Shana) -- The 180th Meeting of the OPEC Conference will reconvene tomorrow for further deliberations.

  • OPEC Meeting not Finished

    OPEC Meeting not Finished

    TEHRAN (Shana) – The meeting is not finished and would depend on the meeting with non-OPEC producers, Iran’s Minister of Petroleum, Bijan Zangeneh, said on Monday after the 180th Meeting of the OPEC Conference..

  • Iran Economy has shown it is Large, Resilient

    Iran Economy has shown it is Large, Resilient

    TEHRAN (Shana) -- The President said that 15 South Pars projects were completed under his administration, while in previous administrations only 10 phases were completed, adding that the commissioning of national projects shows that Iran's economy is large and resilient under the sanctions.

  • Opening Remarks to the 180th OPEC Meeting

    Opening Remarks to the 180th OPEC Meeting

    TEHRAN (Shana) -- Algeria’s Minister of Energy and OPEC President, Abdelmadjid Attar, addressed the opening of the 180th meeting of the OPEC Conference held virtually on Monday.

Analysis

  • Troublesome Figures

    Will March 2020 be Repeated?

    Troublesome Figures

    TEHRAN (Shana) -- Calculation of the baseline and the production base of 11 million barrels for the crude oil output of Russia and Saudi Arabia in the April agreement and the determination of the production baseline in October 2018 for 18 other countries committed to adjusting their output has become troublesome. Some OPEC+ member countries, led by the UAE and Kazakhstan, who endorsed the agreement at the April 12 meeting are now protesting to it.

  • Iran, Oil and Post-Trump Era

    Iran, Oil and Post-Trump Era

    TEHRAN (Shana) -- The US election ended with the victory of the Democratic party, and if nothing unexpected happens, Joe Biden will begin his four-year presidency on January 20; Could this change lead to the easing of US sanctions on Iran, or can it not be practically different from Trump’s presidency?

  • Gas Transmission Capacity Hits 870mcm/d

    Gas Transmission Capacity Hits 870mcm/d

    TEHRAN (Shana) -- There is currently 37,400 kilometers of high-pressure gas transmission pipeline across Iran. National Iranian Gas Company (NIGC) officials say Iran stands the fourth in the global ranking in this sector. Apart from that, Iran enjoys a stable gas supply system.

  • Refinery Shares Disposal Strikes Shock on TSE

    Refinery Shares Disposal Strikes Shock on TSE

    TEHRAN (Shana) -- The Iranian government plans to list the shares of state-run and half state-run companies on the capital market within the framework of privatization. This plan is aimed at strengthening the foundations of social justice with a view to expanding ownership across the country. That would also streamline the government monopoly on the economic sector and therefore the government would be downsized, leading to lower costs and higher economic prosperity.

  • Iran Eyes Top Regional Petchem Ranking

    Iran Eyes Top Regional Petchem Ranking

    TEHRAN (Shana) -- Despite all hardships imposed on Iran’s petroleum industry through US sanctions and the coronavirus outbreak, the Petroleum Ministry has been doing its most to spare any stagnation in the activities of this key sector. Over this period, several oil agreements have been signed while a number of petrochemical projects have come online.

  • Adeli: OPEC Politicized by Some Member States

    Adeli: OPEC Politicized by Some Member States

    TEHRAN (Shana) -- Mohammad Hossein Adeli, former secretary general of the Gas Exporting Countries Forum (GECF), has said some member states of the Organization of the Petroleum Exporting Countries have politicized the Organization. In an interview, he cites the examples of countries that did not hesitate to compensate for Iranian and Venezuelan share following their US sanctions on the two member states.

Report

  • NIOC Signs 13 Research Deals with Universities

    NIOC Signs 13 Research Deals with Universities

    TEHRAN (Shana) -- National Iranian Oil Company (NIOC) recently signed 13 agreements with Iranian universities and research centers worth €35 million plus IRR 7,160 billion for conducting research on enhanced oil recovery (EOR).

  • Refinery Projects Unfazed by Sanctions

    Refinery Projects Unfazed by Sanctions

    TEHRAN (Shana) -- The daily growing demand for fuel in Iran’s transportation sector, the necessity of self-sufficiency in fuel production, sitting atop one of the largest hydrocarbon reserves in the world and the refining industry’s urgent need to upgrade refined products production capacity, both quantitatively and qualitatively, have all turned the refining industry into a sensitive sector within the Petroleum Ministry. Iran's refining industry has done its best to blunt the impact of unjust sanctions that have been slapped on the industry. It has also changed threats to opportunities to develop technical knowhow. Proof of such development may be seen in the construction of refineries, development of refining facilities, manufacturing equipment for the refineries and even development of necessary catalysts, all despite sanctions.

  • South Pars in Final Development Stage

    South Pars in Final Development Stage

    TEHRAN (Shana) -- CEO of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam has said development phases of the giant offshore South Pars gas field, except for Phase 11, would have been completed by March 2022. Iran is currently recovering 700 mcm/d of gas from South Pars, outdoing Qatar with which it shares the giant reservoir.

  • Successful Past, Sustainable Future

    OPEC Turns 60

    Successful Past, Sustainable Future

    TEHRAN (Shana) -- In September 1960, the representatives of the five founding members of the Organization of the Petroleum Exporting Countries (OPEC), i.e. Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, held a four-day conference in the Iraqi capital Baghdad. The conference gave rise to OPEC as a permanent intergovernmental organization.

  • British Expropriation

    British Expropriation

    TEHRAN (Shana) -- Less than 10 years after Britain had emerged winner in the World War, Iranians nationalized their petroleum industry. That cost Britain dearly because they had recorded a strong victory in World War II and were gradually imposing their culture and language upon the world through media and economic policies. They were used to moving from country to country and change governments as they wished. They even installed British rulers in some nations. British colonies were rising in number. Relying on its strength, Britain claimed sovereignty over the entire globe. Under such circumstances, the oil nationalization movement called into question Britain’s political authority. The conditions worsened when Britain suffered a legal defeat at the international court of arbitration in the face of Iran. In the meantime, the influence of Iran’s oil nationalization on the Middle East and North Africa led to the formation of scattered small and large movements across the region. All these movements were hostile to British colonialism. Gholam-Reza Nejati, author of The Petroleum Industry Nationalization Movement, writes: “Britain was a world superpower. It was present everywhere. But it had suffered a deadly blow from a third world nation, i.e. Iran. The nationalization movement in Iran served as a model for other nations. Iran’s oil nationalization was the first well-organized anti-colonial movement in the Middle East. That is how Iran became a role model for other countries. Following the oil nationalization in Iran, General Najeeb and General Nasser rose up against the Farouk rule in Egypt and the Suez Canal was nationalized on 26 July 1956.”

  • €4.7bn Oil Projects Inaugurated

    €4.7bn Oil Projects Inaugurated

    TEHRAN (Shana) -- President Hassan Rouhani recently inaugurated through videoconference a project for the development and optimization of gas dispatching center and IGAT-6 and IGAT-9, Phase 1 of the Bushehr Petrochemical Company and the 500-MW West Karoun combined cycle power plant and its related power supply facilities. The total investment made in these three projects stands at €4.7 billion.