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CEO of Arvand Petchem Plant announced:

17% Rise in Iran "Chlorine" Output

TEHRAN (Shana) -- The CEO of Arvand Petrochemical Plant announced a 17% increase in the production of chlorine in the complex.
Asmari Reservoir of Abuzar Oilfield Online

TEHRAN (Shana) -- The Iranian Offshore Oil Company (IOOC) announced production of oil from the Asmari reservoir of Abuzar oilfield for the first time in the history of the field's development.
President-elect:

Iran seeking broad, balanced cooperation with all countries

TEHRAN (Shana) -- President-elect Ebrahim Raeisi announced his plan to pursue broad and balanced cooperation with all countries of the world, and said: "Any negotiation in which national interests are guaranteed will definitely be supported, but we will not tie the economic situation of the people to the negotiations.”

تیتر دو

Iran says Oil Revenue Fell over $100b since 2018

TEHRAN (Shana) -- In a report on oil sales performance during the escalation of sanctions and the economic war, Iranian Minister of Petroleum Bijan Zangeneh said that in the three years of the economic war, Iran’s oil revenues fell by more than $100 billion.
Two Catalyst Production Projects Operational

TEHRAN (Shana) -- Two knowledge-based catalyst production projects – polypropylene and high-density polyethylene catalysts – have become operational using homegrown knowhow. The projects came online in a remotely participated-in ceremony by President Hassan Rouhani.
IOOC Oil Output Capacity Doubles yr/yr

TEHRAN (Shana) -- Iranian Offshore Oil Company (IOOC) accounts for a major share of oil recovery from Iranian oil fields in the Persian Gulf. Last calendar year, despite all hardships and restrictions, valuable measures were taken to preserve production level from joint fields, to overhaul installations and to save costs.
Shahid Tondgouyan Petchem Plant Eyes Full Productivity

TEHRAN (Shana) -- The CEO of Shahid Tondgouyan Petrochemical Company said with the elimination of production bottlenecks and barriers, the company would reach 100% nominal production capacity by the next Iranian calendar year.

Analysis

Kharg Oil Storage Capacity Grows

TEHRAN (Shana) -- Over the past decades, Iran has been a leading supplier of oil in the world. It has maintained its presence in international markets and has met its obligations based on quotas set by the Organization of the Petroleum Exporting Countries (OPEC). Although international sanctions have brought about obstacles ahead of achieving its goals, nothing has halted Iran’s crude oil exports to global markets. A review of existing infrastructure in Iran’s petroleum industry, specifically in oil exports, indicates that Iran’s oil exports has regularly and constantly got under way, from production to logistics.
2021-06-02 14:04
Golden Year for ICOFC in Oil/Gas Output Hike

TEHRAN (Shana) -- Iranian Central Oil Fields Company (ICOFC), a subsidiary of National Iranian Oil Company (NIOC), fulfilled entirely its obligations in maximum efficient recovery and maximum oil and gas production last calendar year to 21 March 2021. ICOFC had prioritized oil and gas fields shared with neighbors and supplying domestic needs in the household and industrial sectors. ICOFC’s activities indicate the company’s full readiness to increase output to pre-sanctions levels.
2021-06-02 13:59
Persian Gulf Star Refinery Rejuvenates Iran Oil Industry

TEHRAN (Shana) -- Iran was importing gasoline until two years ago. In 2018, Iran imported up to 4.5 ml/d of gasoline. It is now exporting gasoline to regional and world nations. In light of the commissioning of the Bandar Abbas Condensate Refinery, known as the Persian Gulf Star, Iran became an active exporter of this strategic product during the first seven months of the current calendar year, earning about $1.4 billion in revenue. This report reviews the current condition of gasoline export and diversity in refined petroleum products supplied by the treatment facility.
2021-04-11 16:16
Iran Oil Documents Declassified

TEHRAN (Shana) -- Documents and artefacts are the main items in the Petroleum Industry Directorate of Museums and Documents. They are instrumental in preserving the history of Iran’s petroleum industry. The Directorate started work effectively in 2014 and has since gathered documents, audiovisual and written references as well as artefacts and old items and tools. In this newly-established center, regulations and protocols including identification, gathering, restoration, preservation and documentation for prospective use by researchers, students and professors have been highly respected.
2021-03-27 13:09
Drilling Industry Turns 41 in Iran

TEHRAN (Shana) -- December 21 marks National Drilling Day in Iran. National Iranian Drilling Company (NIDC) was established on December 21, 1979. The company started its work with 6 drilling rigs.
2021-03-27 13:06
Is Brent Crude Headed Towards $100 a Barrel?

TEHRAN (Shana) -- Since early December crude oil prices have staged an impressive comeback. Brent crude price has shot up from $40 a barrel in early December to $67.20 on 25 February 2021. The question is how high oil prices are destined to go this year and next.
2021-03-07 12:59

Report

IOOC Oil Output Capacity Doubles yr/yr

TEHRAN (Shana) -- Iranian Offshore Oil Company (IOOC) accounts for a major share of oil recovery from Iranian oil fields in the Persian Gulf. Last calendar year, despite all hardships and restrictions, valuable measures were taken to preserve production level from joint fields, to overhaul installations and to save costs.
2021-06-16 16:44
Iran Developing Sohrab Oil Field

TEHRAN (Shana) -- Iran shares Sohrab oil field with Iraq. It is limited by the Mehr block to north, to the Azadegan field to south, to Band Karkheh, Susangerd, Jofair and Sepehr fields to southeast. Sohrab accommodates Ilam, Sarvak, Gadvan and Fahlyan reservoirs whose rock is mainly carbonated. Sohrab is one of prioritized fields for foreign investment in Iran’s petroleum industry.
2021-05-10 13:26