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Bidboland Persian Gulf Project named for 2020 World Mega Projects Award
TEHRAN (Shana) -- The Persian Gulf Bidboland gas refining project was announced as one of the four finalists for the mega project of the energy sector of the 2020 World Award for Large Projects and Mega Projects.
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Plans to Convert Surplus Methanol to Propylene
TEHRAN (Shana) -- Deputy Minister of Petroleum for Petrochemical Affairs Behzad Mohammadi said Iran’s surplus 5 million methanol will be converted to propylene in the country.
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OPEC SG Welcomes Iran FM Deputy
TEHRAN (Shana) -- OPEC SG HE Barkindo today welcomed to the OPEC Secretariat HE Mohsen Baharvand, Deputy Foreign Minister for International and Legal Affairs of the IR Iran and HE Kazem Gharib Abadi, Ambassador and Permanent Representative of the IR Iran to the UN Office at Vienna.
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JMMC Focuses on Market Stability and Full Conformity
TEHRAN (Shana) -- The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.
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Iran Bracing for Full Production at Azar Oilfield
TEHRAN (Shana) -- Azar oil field is on the verge of achieving a production capacity of 65,000 barrels of oil per day by using the ancillary facilities of the Central Processing Facility (CPF).
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IOTC Builds Expansion Joints for SMBs
TEHRAN (Shana) – Experts at the Iranian Oil Terminals Company (IOTC) have successfully built expansion joints used in Single Buoy Moorings (SBMs).
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Gas Pars Output 2.5 Times Up in 7 Years
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s gas production from the South Pars gas field has increased by 2.5 times since 2013 from 280 million cubic meters per day to currently 700 mcm/d.
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OPEC 60th Anniversary; Javad Yarjani Explains
How OPEC Became a Key Player in World Markets
TEHRAN (Shana) -- Javad Yarjani, Iran’s former national representative to OPEC, has attended OPEC meetings for more than three decades. He served as the head of the Energy Division of OPEC Secretariat for five years.
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60th OPEC Anniversary
Zamani-Nia: OPEC should Protect Members by Relying on Partnership
TEHRAN (Shana) -- Iran’s OPEC governor Amir-Hossein Zamani-Nia says all member states of the Organization of the Petroleum Countries should oppose and decry – both in words and deeds – the use of oil as a political tool for exerting pressure and imposing embargo on oil producers.
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60th OPEC Annivesary
OPEC Founders Achievements
TEHRAN (Shana) -- OPEC has turned 60. So long a time. Why was OPEC established? What has it brought to the five founding members?
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60th OPEC Annivesary
OPEC Turns 60; Achievements, Survival and Challenges
TEHRAN (Shana) -- This year, the Organization of the Petroleum Exporting Countries (OPEC) is marking 60 years of its foundation. Every year an anniversary ceremony is held on September 14, i.e. the day of OPEC foundation, at the Secretariat of the Organization. In addition, this year a special ceremony was due to be held in Baghdad with OPEC Secretary General Mohammad Barkindo and heads of delegation of OPEC member countries in attendance to commemorate the 60th anniversary of OPEC establishment; however, despite all the required arrangements made by Iraq, due to global COVID-19 pandemic the ceremony was wisely agreed to be postponed to some other time.
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60th OPEC Annivesary
OPEC Challenges in its 60s
TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries (OPEC), established in 1960 at the initiative of Venezuela and in cooperation with Iran, Saudi Arabia, Iraq and Indonesia, has been faced with a flurry of challenges over the past six decades given the global economic and social developments and the growth of oil production from conventional sources from non-oil producers, such as the growth of North Sea output in the mid-1970s and the growth of oil production from unconventional sources (shale oil) in recent years.
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60th OPEC Annivesary
If only OPEC united against Political Saber-Rattling…
TEHRAN (Shana) -- The establishment of the Organization of the Petroleum Exporting Countries, or OPEC for short, 15 years after the end of World War II can be seen as a sign of the efforts of the founding countries to oppose and resist the extravagant behavior of major oil companies, or the famous seven sisters, at that time. In the years before foundation of OPEC, each of the founding countries, namely Iran, Venezuela, Iraq, Saudi Arabia and Kuwait, faced myriad political and social upheavals.
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OPEC's 60th Anniversary
VIENNA (Shana) -- OPEC has released a documentary about the 60th annivesary of its establishment.
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60th OPEC Annivesary
OPEC Secretary General Goodwill Message on 60th OPEC Anniversary
TEHRAN (Shana) -- OPEC Secretary General Mohammad Barkindo sent a goodwill message on the ocassion of the 60th anniversary of OPEC establishment.
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Iran Ranks 1st in World Oil and Gas Discovery in 2019
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) ranked first among the world's largest oil companies in terms of total oil and gas discovery in 2019, with the discovery of 4.973 billion barrels of equivalent hydrocarbon reserves.
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60th OPEC Annivesary
OPEC turns 60
TEHRAN (Shana) -- The Fourteenth of September 2020 is a very special day for OPEC. This sees the Organization celebrate its 60th anniversary. Few would have foreseen six decades ago that the Organization would have risen to the heights it has today in the global energy arena. Back then in Baghdad, the five Founding Fathers of OPEC, Juan Pablo Pérez Alfonzo of Venezuela; Abdullah al-Tariki of Saudi Arabia; Dr Tala’at al-Shaibani of Iraq; Dr Fuad Rouhani of Iran; and Ahmed Sayed Omar of Kuwait gathered together in the Al-Shaab Hall in Baghdad, to midwife OPEC into the world.
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60th OPEC Annivesary
Commitment & Cooperation
VIENNA (Shana) -- Back in March and April, the world faced its largest oil demand shock in living memory. On days in April, demand was 23 million barrels a day (mb/d) below that of 2019, the WTI May futures price contract went negative on April 20 and the global economy seemed to be teetering on abyss. Every producer was impacted, no one was immune.
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First Butt Fusion Laboratory Launched in Iran
TEHRAN (Shana) -- The head of the technical inspection of Qazvin Gas Company announced launching of the first butt fusion laboratory for PE pipes in cooperation with the Science and Technology Park of Imam Khomeini International University.
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GECF Members Appoint Iran Official as Head of Legal Affairs
TEHRAN (Shana) -- Seyed Hassan Mousavi, the former legal director of the National Iranian Oil Company, has recently been appointed by members of the Gas Exporting Countries Forum (GECF) as the head of legal affairs of the forum.
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Dozens of Development Projects under way in Mahshahr Petchem Zone
TEHRAN (Shana) -- The CEO of the Petrochemical Special Economic Zone Organization said 29 development projects were under construction to complete the value chain and reduce raw material sales in Mahshahr, southwestern Iran.
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Potassium Sulfate unit of Urmia Petchem Plant Operational
TEHRAN (Shana) -- Urmia Petrochemical Plant has launched its Potassium Sulfate Unit successfully as one of the downstream development projects of the petrochemical industry.
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PGPIC among ICIS 100 Top Chemical Firms
TEHRAN (Shana) – Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) has managed to maintain its position as one of the top 40 chemical companies in the world in the ICIS 100 Top Chemical Companies in 2020 despite severs US sanctions on the company.
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Iran Boosts oil storage capacity by Launching Export terminal in Persian Gulf
TEHRAN (Shana) – Iranian President Hassan Rouhani ordered the opening of a new oil export terminal with relatively large storage and bunkering facilities near the mouth of the Persian Gulf on Thursday.
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Urea Unit of Lordegan Petrochemical Plant Online
TEHRAN (Shana) -- The third phase of Lordegan Petrochemical Plant, as the largest producer of urea in western Iran, has come on stream with a daily production capacity of 3,250 tons by relying on domestic capabilities.
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Semi-Industrial MTP Unit of Mahshahr Research Center Operational
TEHRAN (Shana) -- The semi-industrial unit for production of propylene from methanol was put into operation by relying on Iranian technical savvy at the Research and Technology Center of Mahshahr, southwestern Iran.
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Propane output of South Pars Phase 19 to see 240% Growth by 2021
TEHRAN (Shana) -- The head of operation of 10th South Pars refinery announced a 240% increase in propane production in phase 19 of the South Pars gas complex by the end of the current Iranian calendar year to March 20, 2021.
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Countdown Begins for Commissioning 23 Wells in South Azadegan
TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) has about to complete sinking 23 development wells at South Azadegan Oilfield, an NIDC official said.