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Over 80% of Oil Revenues Received In Hard Currency

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said more than 80% of the country’s petrodollars is received in hard currency and the rest in bartering with medicine and staple commodities.
Bu Ali Sina Petchem Plant Output, 120% of Capacity

TEHRAN (Shana) -- Production of Bu Ali Sina Petrochemical Company in the first 45 days of the current calendar year, which began on March 21 showed a 16 percent increase year-on-year to a new record of 120 percent of the nominal capacity of the complex.
Iran Selling Crude Oil at “Good Price:” Min.

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says the process of selling oil at a reasonable price will continue vigorously and new markets have been identified for Iranian crude oil, adding Tehran has struck agreements with Latin American countries for bartering oil with staple and agricultural commodities.
NIOC Investing Rls. 70,000 billion in Poverty Eradication Projects: CEO

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC), referring to the fulfillment of social responsibilities of the oil industry, said: “Rls. 70,000 billion have been approved by the board of directors of the National Oil Company for carrying out public benefit projects and eradication of deprivation.”

تیتر دو

Zagros Petrochemical Fully Productive

TEHRAN (Shana) -- Zagros Petrochemical Company, after emergency repairs of the second unit of this large methanol complex, was put into production with a daily production of 10,000 tons of methanol that is 100% of its capacity.
OPEC Sec. Gen. Message to Iran Oil Show

VIENNA (Shana) – OPEC Secretary General Mohammad Sanusi Barkindo send a message to organizers of the 26th Iran International Oil, Gas, Refining and Petrochemical Exhibition which was held here in Tehran on 13-16 May 2022.
Iran Ready for Gas Swap from Turkmenistan to Armenia

TEHRAN (Shana) -- In a meeting with the Armenian Minister of Territorial Administration and Infrastructures, the Minister of Petroleum stressed readiness of the Iranian gas network to start a gas swap from Turkmenistan and to increase gas exports to this country.
Iran Oil Show Sets Stage for Giving World Energy

Iran Oil Show 2022 set a stage for countries from four corners of the world to display their state-of-the-art technologies and boost their energy ties.

Analysis

Iran Oil Show Sets Stage for Giving World Energy

Iran Oil Show 2022 set a stage for countries from four corners of the world to display their state-of-the-art technologies and boost their energy ties.
2022-05-16 23:07
Why $100 a Barrel Could Be Bad for Energy Transition

TEHRAN (Shana) -- With oil costing over $100 a barrel, and Russia’s war in Ukraine underscoring the risk of relying on fossil fuel, it would seem like a great time to speed up shifting from the polluting fuel, Akshat Pathi and Will Mathis write for Bloomberg, noting that the reality isn’t so simple.
2022-04-25 14:31
Value-Added, Top Petchem Priority

TEHRAN (Shana) -- By 2040, the annual market demand for petrochemicals and polymer products will be growing by 4.5 percent, while annual demand for petroleum products will be growing by less than 1 percent, indicating the importance of investing in and focusing on this value-added industry.
2022-04-24 15:30
Energy Transition: Fact from Fiction

TEHRAN (Shana) -- Modern history is totally acquainted with energy shocks, shortages, price hikes and panics on the buyers’ side and on the sellers’ side as well. But the current worldwide rising energy prices and large scale volatility for all key fuels and sources, is something entirely new and never experienced before. It is in fact puzzling in a way that no game theorists and econometricians could cope with and accommodate it. From Colorado minus $40 a barrel to plus $ 95 per barrel early February 2022 is something never seen before. This is a challenge to the consumers, suppliers, governments, bankers and societies everywhere.
2022-04-24 15:23
Iran Gas Industry, Dormant Giant: Expert

TEHRAN (Shana) – A senior expert in energy economics says that the world looks at Iran's gas industry as a dormant giant and is aware of its capabilities in the field of gas and oil. "Good management and governance in the energy sector always requires avoiding haste," he said.
2022-04-05 10:12
No Surrender to Gas Rivals

TEHRAN (Shana) -- A three-nation gas swap contract signed by Iran, Turkmenistan and Azerbaijan recently took effect in late December. The contract signed on 28 November 2021 on the sidelines of the 15th ECO Summit calls for the supply of 1.5-2 bcm a year of Turkmen gas to Azerbaijan via Iran’s soil.
2022-02-14 16:27

Report

Flare Gas Capture Set to Culminate

TEHRAN (Shana) -- Recently, Minister of Petroleum Javad Owji oversaw the signing of eight contracts for gas gathering east of the Karoun River. The minister said then that flare gas gathering projects would be completed before the 13th administration bows out.
2022-04-25 14:34
NIGC CEO:

Iran, an Influential Gas Exporter

TEHRAN (Shana) -- Gas production in Iran and supplying consumer and stakeholder needs inside and outside Iran has opened new horizons in the Iranian gas industry. To that effect, Iran has extensive plans in coming years to export gas to regional nations. A case in point is Iran’s gas swap deal with Turkmenistan and Azerbaijan, which is considered important by National Iranian Gas Company (NIGC). Majid Chegeni, CEO of NIGC, tells “Iran Petroleum” that a variety of scenarios are being planned for Iran to enhance its share of global gas trading with a view to getting a significant share in the world energy mix.
2022-04-25 14:28
Greenhouse Gas Emissions Falling in NISOC-Run Areas

TEHRAN (Shana) -- Oil companies in Iran are required to curb their greenhouse gas emissions. National Iranian South Oil Company (NISOC), which supplies 80% of Iran’s oil, has adopted a series of measures including gas flaring control, energy loss management and processing supervision to cut greenhouse gas emissions by many affiliated production companies. Mohammad Reza Naderi, head of HSE at NISOC, tells “Iran Petroleum” that production of 33 million tonnes of carbon dioxide could be prevented.
2022-04-24 15:21
Iran Activating Energy Diplomacy

TEHRAN (Shana) -- Ahmad Assadzadeh has been officially named deputy minister of petroleum for international affairs and trading.
2022-02-14 16:47