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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.
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CIOFC Gas Output to Rise by 100 mcm
TEHRAN (Shana) – The CEO of the Central Iranian Oil Fields Company (CIOFC) on Monday announced the plans to ramp up gas production by 100 million cubic meters by the end of the Iranian calendar year 1404 (ending March 20, 2026), saying the amount is equivalent to the output in five phase of the South Pars Gas Field.
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Kefayati: Russia, China, Qatar Eager to Invest in Innotech Sector; Turbo Compressor Contract Soon
TEHRAN (Shana) – The head of the Oil Industry Technology and Innovation Park here on Monday said that Russia, China, and Qatar have expressed their willingness to make investments in Iran.
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Expansion of Petchem Export Markets Urged
TEHRAN (Shana) – The CEO of Iran’s National Petrochemical Company (NPC) on Sunday highlighted the need to expand export markets for petrochemical products as output is growing.
تیتر دو
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Iran Petchem Industry Ready to Attract Foreign Investors
TEHRAN (Shana) – The CEO of Iran’s National Petrochemical Company (NPC) announced on Monday that packages are ready to attract foreign investment in Iran’s petrochemical industry.
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VP Lauds Downstream, Upstream Industries’ ‘Great’ Innovations
TEHRAN (Shana) – The Iranian vice president for economic affairs on Monday praised the innovations developed by the country’s downstream and upstream industries.
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Iran to Establish a Science Hub in Khuzestan Province
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) on Sunday announced that a science hub will be established in Khuzestan Province.
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Owji: Ministry of Petroleum to Launch Over 40 New Projects Worth $30bn This Year
TEHRAN (Shana) – Iran’s Minister of Petroleum Javad Owji here on Monday announced that his ministry will launch more than 40 projects worth $30 billion this year.
Analysis
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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.
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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.
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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.
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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.
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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.
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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.
Report
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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.
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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.
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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.
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Iran Activating Energy Diplomacy
TEHRAN (Shana) -- Ahmad Assadzadeh has been officially named deputy minister of petroleum for international affairs and trading.