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South Pars Gas Condensate Storage Capacity at 2.5 mb
TEHRAN (Shana) – The gas condensate storage capacity of South Pars Gas Field has reached 2.5 million barrels now that a new storage tank has come online in Pars Oil and Gas Company (POGC).
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Petchem Plant Completes Styrene Production Value Chain
TEHRAN (Shana) – The CEO of Pars Petrochemical Company announced completion of the company's production chain, especially for styrene monomer and propane.
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RIPI Saves Iran $200m by Localizing Technical Items
TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) head said the institute had saved the country 200 million dollars by supporting knowledge-based companies and providing and commercializing items needed in the industry.
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8-Month Output of Tondgouyan Petchem Plant UP 23% Y/Y
TEHRAN (Shana) – The output of Tondgouyan Petrochemical Plant has broken a new record in the first 8.5 months of the current calendar year, which began on March 21, growing 23% year-on-year.
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NGL 3200 Project to Turn Gas Flares off in 6 Joint Oilfields
TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said once NGL 3200 project became operational, the gas flares of 6 joint oil fields would be turned off.
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Low-Pressure Gas Collection Project Launched in Doroud III
TEHRAN (Shana) – A project was launched to transfer to Khark Petrochemical Company low-pressure gases collected in Doroud III.
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Noori Petchem Plant Yields 2.9 mt of Output Since March
TEHRAN (Shana) – Iran’s Noori Petrochemical Plant produced a total of 2.9 million tons of petrochemicals in the first 8.5 months of the current calendar year, which began on March 21.
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Iran Eyes $50/b Oil Price Next Year
TEHRAN (Shana) -- Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50.
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Volume of Smuggled Petrol Very Low: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the volume of smuggled petrol and gasoil from Iran was “very little”.
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OPEC 177th Meeting
VIENNA (Shana) -- The 177th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 December 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People's Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. On Friday, 6 December, the 7th OPEC+ meeting was also held.
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Plant Eyes Diversified Output Soon
TEHRAN (Shana) – Iran’s Tondguyan Petrochemical Company is planning for diversification of its polyethylene terephthalate chain output as one of its key priorities in the near future.
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NPC Serious in Purposeful Development of Petchem Projects
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said that the company had launched an initiative to orchestrate petrochemical projects in the industry.
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5 OPEC Decision in 177th Meeting
VIENNA (Shana) – OPEC+ production cuts increased by 503,000 barrels per day, secondary sources designated as OPEC and non-OPEC production reference sources, gas condensate was removed from crude oil production calculation of non-OPEC producers, Algeria's Energy Minister was selected as OPEC Conference President alphabetically, and eventually, Iran became the vice-chairman of the OPEC board of governors.
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Zangeneh Satisfied with Talks at OPEC 177th Conference
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh expressed satisfaction at the negotiations between OPEC members on Thursday, announcing an extraordinary OPEC meeting would be held within the next 3 to 4 months.
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We would never Forfeit Iranian Nation's Rights: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said he and his team would never give up on the Iranian nation’s rights.
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Zangeneh to Meet with OPEC Sec. Gen., Conference President
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh is scheduled to meet with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), and Venezuela's People's Minister of Petroleum and President of the OPEC Conference in Vienna on Thursday.
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Iran Mulls Construction of $8b Petchem Project
TEHRAN (Shana) – Plans are under way to construct an $8-billion petrochemical megaproject by Iranian petrochemical holdings, a senior petrochemical official said.
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US Efforts to Stop Iran Oil Export, Fruitless: Parl. Speaker
TEHRAN (Shana) -- Iranian Parliament Speaker Ali Larijani leveled criticism at the White House, saying the US efforts to bring Iran’s oil exports to zero was fruitless.
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Overhaul of South Pars Gas Platforms Complete
TEHRAN (Shana) – Overhaul operations of 22 offshore platforms in South Pars Gas Field has come to an end after 160 days.
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Iran Largest Petrol Producer in OPEC
TEHRAN (Shana) -- Completion and operation of the Persian Gulf Star Refinery, as the largest gas condensate refinery in the world, implementation and completion of major refinery development projects in recent years, followed by nationwide production and distribution of clean fuel, are among the steps taken by the Rouhani Administration to turn Iran into the largest petrol producer among other members of the Organization of the Petroleum Exporting Countries (OPEC).
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RIPI to Host Petrotest in December
TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) is to host the first startup event for university students for the Iranian Ministry of Petroleum in December.
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NIDC Drills 111,000 m of Oil, Gas Wells in 8 Months
TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has drilled 111,000 meters of oil and gas wells since March 2019.
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Iran-Made Polypropylene Catalyst to Hit Market by March
TEHRAN (Shana) – Iran’s Petrochemical Research and Technology Company (PRTC) has planned to supply the market with the catalyst required for production of polypropylene by March 2020.
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Operations Begin for Building Largest Gas Storage Tank in Middle East
TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) said drilling of the first appraisal well in Ghezel Tappeh Reservoir, Golestan, had started to develop the Middle East’s largest gas storage facility.
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Sanctions on GECF Members Endangers World Energy Security: Ex-Sec. Gen.
TEHRAN (Shana) – The former Iranian Secretary General of the Gas Exporting Countries Forum stressed the need to halt unilateral transnational sanctions against some GECF members.
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Khark Petchem Plant to Launch Project for Collecting Associated Gases
TEHRAN (Shana) – The CEO of Khark Petrochemical Plant said the company was to launch a project for collecting associated gases in Khark Island by next week.
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NGL Projects Key in Feeding Petchem Plants
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said that NGL 3,100, 3,200 and Persian Gulf Bidboland Refinery played key roles in feedstock supply petrochemical plants.
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Offshore Section of S.P Phase 14 Complete by December
TEHRAN (Shana) – The operator of phase 14 development project of the South Pars gas field said the offshore section of the project would be complete by December.
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NIGC Saves $9 bn by Liquid Fuel Exports
TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) said by investing a sum of $4 billion in urban and rural gas projects in recent years and in return for exporting liquefied fuel, NIGC has saved roughly $9 billion in the gas sector.
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Petchem Exports from PETZONE Easier than Ever
TEHRAN (Shana) – The CEO of PETZONE said exports of petrochemicals from the special petrochemical economic zone were be facilitated by launching a new export corridor.