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Minister Rejoices over Iran Activities in Joint Oil Fields
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s current status in joint oil and gas fields is favorable, saying the country is currently producing 400,000 barrels per day of crude oil in the West Karoun Oilfields Cluster.
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Total Oil Output of Azar Joint Field at 36mb
TEHRAN (Shana) – Iran has so far produced over 36 million barrels of crude oil from Azar join oilfield, the executor of Azar Field’s development project announced.
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Rouhani Orders Construction of Key Petchem Project
TEHRAN (Shana) – Iranian President Hassan Rouhani has officially broken grounds for construction of a strategic petrochemical project on Monday morning via videoconference.
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Rouhani Launches Azar Oil Field Development Plan
TEHRAN (Shana) – Iranian President Hassan Rouhani signed off on commissioning Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil.
تیتر دو
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Iran Launches Major Petchem Feedstock Project
TEHRAN (Shana) – Iranian President Hassan Rouhani officially launched the ethane recovery unit of Kangan Petro-Refining Company via videoconference.
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Rouhani to Order Construction of Key Petchem Project
TEHRAN (Shana) – Iranian President Hassan Rouhani is scheduled to officially break grounds for construction of a strategic petrochemical project on Monday morning via videoconference.
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Iran Bracing to Launch Major Petchem Feedstock Project
TEHRAN (Shana) -- The CEO of Kangan Petro-Refining Company said the ethane recovery unit of the company, which is touted as the largest feedstock supply unit for petrochemicals in the country, will be put into operation soon.
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Rouhani to Launch Azar Oil Field Development Plan
TEHRAN (Shana) -- The Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil will be put into operation on Monday, February 29, 2021, in the presence of Iranian President Hassan Rouhani via video conference.
Analysis
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Zaki Yamani, Oil Market Legend: Expert
TEHRAN (Shana) – Dr. Mamdouh G. Salameh, Non-Resident Fellow, Expert, the Economics of Oil and Energy, who is an international oil economist and a prominent expert on energy, described late Zaki Yamani as a legend in the global oil market.
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Research Role in Petchem Value Chain Development
TEHRAN (Shana) -- Iran’s petrochemical industry has conducted vast planning alongside building plants in order to bring the country’s output to 100 million tonnes a year. That would push the country to the top technological position in the region.
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Iran Eyes European Gas Market: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Gas Company said Iran seeks gas exports to Europe, adding: "The future atmosphere of the countries, the type of cooperation and the events that take place in the country's diplomatic relations affect the issue of gas trade."
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Iran Raises Gas Exports Despite Covid-19, Sanctions
Iran’s President Hassan Rouhani has said that the gas industry would be the legacy of his two-time administration for his successor who would be elected next year. Gas exports have doubled since 2013 when his first administration took office.
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How South Pars Eased Iran Circumvention of Sanctions
TEHRAN (Shana) -- Phase development of the giant offshore South Pars gas field defeated hypotheses of toughened US sanctions against Iran’s petroleum industry. Iran’s oil and gas has overcome many challenges in the way of energy exports and diversified refined petroleum products with a view to neutralizing the sanctions.
Report
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North Pars, New Gas Hub of Iran
TEHRAN (Shana) -- Some 120 kilometers southeast of the southern Bushehr Province, Iran owns a gas field holding over 57 tcf of gas in place. North Pars is among fields with high potential for investment. The field is estimated to require $16 billion in investment, including $5 billion in the upstream sector and $11 billion in the downstream sector (mainly LNG plants).
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Golden Days for Iran Refining
TEHRAN (Shana) -- The coronavirus has given our planet a new chance to breathe. Travel rates have dropped sharply. Demand for oil and petroleum products has been falling since the outbreak of the pandemic. Oil wells and refineries across the globe are shutting down one after another. Despite the historic OPEC+ agreement for oil production cut, oil price slump has not stopped. However, there is no sign of increased demand for oil and petroleum products in the market.
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Democrats, Republicans Both Favor Nord Stream 2 Sanctions
TEHRAN (Shana) -- Amir Alizadeh, the managing director of the Association of Iranian Banks in Europe (AIBE), has said the North Stream 2 gas pipeline would allow Russia to pump 55 bcm of more gas to Europe, specifically to Germany. In an interview, he said that the US imposed sanctions on the project. Alizadeh explained that Democrats and Republicans both favor US sanctions on the Nord Stream gas pipeline.