Shana

Security of Gas Supply at Stack without Ensuring Investment Flow: GECF Sec. Gen.

TEHRAN (Shana) -- "The lack of investment in the gas industry today could jeopardize the security of gas supply in the medium term," said the secretary general of the Gas Exporting Countries Forum (GECF). “It is in the interest of buyers and sellers to keep the flow of investment to at least a minimum.”

NISOC Output Capacity Up

TEHRAN (Shana) -- Iran’s minister of petroleum, Bijan Zangeneh, recently said that despite the outbreak of the novel coronavirus, oil and gas production in Iran had not faced any disruption. Among Iranian oil production companies, National Iranian South Oil Company (NISOC) enjoys a special status because of its large contribution to Iran’s production.

Miandoab Petchem Plan Operational

Iran PE Output Capacity Hits 5mt

TEHRAN (Shana) -- The Miandoab petrochemical plant came on-stream in late June. President Hassan Rouhani inaugurated the project through videoconference. The plant’s annual production capacity is 140,000 tonnes of high-density polyethylene (HDPE). The Miandoab plant which would bring Iran’s PE production capacity to 5 million tonnes, is built on the way of West Ethylene Pipeline (WEP). It cost €40 million plus IRR 8,000 billion.

Iran Gas Flow to Turkey Resumes

TEHRAN (Shana) -- Iran’s gas exports to Turkey came back to normal conditions on July 1. The flow of Iran’s natural gas to its neighboring nation came to a halt on March 31 due to an explosion whose cause has not yet been determined.

NPC Earned $15bn in 1 Year

TEHRAN (Shana) -- CEO of National Petrochemical Company (NPC) Behzad Mohammadi has highlighted fluctuations in petrochemical production during the first two-month period of the current calendar year due to the Covid-19 outbreak, saying: “We have now reached stability in production and we are witnessing an 18% growth in the stock exchange transactions years-on-year.”

99.99% Safety in Pipeline Transmission

TEHRAN (Shana) -- The Iranian Oil Pipelines and Telecommunication Company (IOPTC) transmits millions of liters a day of a variety of petroleum refined products via over 14,000 kilometers of underground pipeline and many pumping stations to feed refineries producing gasoline, gasoil and kerosene among other products before delivery to the storage facilities of National Iranian Oil Products Distribution Company (NIODPC).

Petchem Revenue Topped $14.5bn

TEHRAN (Shana) -- The CEO of National Petrochemical Company (NPC), Behzad Mohammadi, has said that the petrochemical sector earned Iran $14.5 billion in revenue last calendar year to March 2020.