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South Pars Phase 22-24 Gas Recovery up 200 mcf
TEHRAN (Shana) -- The head of the offshore section of South Pars 22-24 phases development project said 3 new wells had become operational in the project which added 200 mcf to the phases’ gas output.
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MOP Supports Domestic Manufacturing with Int'l Standards: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said his ministry would support domestic manufacturing by observing international standards in the oil industry.
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Continued European Demand for Iran Petchems
TEHRAN (Shana) -- The CEO of Nirouchlor Company said that the company's exports to Europe, despite the restrictions caused by the coronavirus in the world, reached about 5,000 tons.
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Iran Raises Crude Oil Output at North Yaran
TEHRAN (Shana) -- The third generation of sucker-rod pump (SRP) was installed for the first time in West Karoun oil fields cluster at well No. 14 of North Yaran field and increased the oil production capacity of this joint field by 500 b/d.
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Lorestan Catalyst Unit to Yield $30m/y
TEHRAN (Shana) – The CEO of Bakhtar Petrochemical Holding Company said that the catalyst unit of Lorestan Petrochemical Plant would generate 30 million dolllars annually.
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Petrofarhang Holding Firm Keen on Value-Chain Completion
TEHRAN (Shana) – The CEO of Petrofarhang Holding Company said: “Petrofarhang has plans to complete the methanol value chain and produce more value added items.”
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Iran Eyes $400m Revenue Generation by Kaveh Petchem Plant
TEHRAN (Shana) -- The CEO of Kaveh Petrochemical Plant stated that the facility was built with $950 million of investment, adding the project would generate $400 million annually.
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Iran to Launch 27 Petchem Projects by 2021
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country had planned to inaugurate 27 petrochemical projects by March 21, 2021 with $17 billion of investment.
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Rouhani Lauds Launching Major Petchem Projects
TEHRAN (Shana) – Iranian President Hassan Rouhani lauded the inauguration of 3 major petrochemical projects with a total investment of 1.6 billion dollars as a major step towards development despite sanctions.
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Iran Doubles Petchem Output under Rouhani
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s petrochemical production capacity had doubled in the period since President Rouhani took office in 2013.
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Central Processing Unit of Azar Joint Field Operational
TEHRAN (Shana) -- The CEO of Oil Industries' Engineering and Construction Company (OIEC) announced oil production through the Central Processing Facility (CPF) of Azar joint field, adding: “The development plan of this joint field will be officially put into operation in the near future.”
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Iran Eyes 80% Enhanced Petchem Revenue by March 2021
TEHRAN (Shana) -- The CEO of the National Petrochemical Company said Iran’s petrochemical production capacity would increase by 60% this year, adding by launching 17 projects, Iran’s petrochemical revenue would increase by 80 percent by the end of the current Iranian calendar year which began on March 20.
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Iran to add 4 mt to Annual Petchem Output by Weekend
TEHRAN (Shana) -- The CEO of the National Petrochemical Company said Iran would launch 3 major petrochemical projects by Thursday which would add 4 million tons to the country’s annual petrochemical production capacity.
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Iran Daily Gas Exports at 79 mcm in Tir
TEHRAN (Shana) -- The head of dispatching management of the National Iranian Gas Company said: "Iran's gas exports registered a new record in the month of Tir (June 21-July 22) and reached 79 million cubic meters per day."
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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.”
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Iran to Launch 3 Petchem Projects by Weekend
TEHRAN (Shana) – The Iranian Minister of Petroleum said the country would launch Kaveh Methanol, Pars Kimia Middle East and Lorestan Catalyst projects on Thursday (August 6), saying inauguration of 17 petrochemical projects is planned by the end of this calendar year.
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Iran Oil Industry Activities Continuing Strongly Despite Sanctions: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says Iran’s oil industry activities have been going on strongly in the past two years since the US pulled out of the nuclear deal and reimposed sanctions.
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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.
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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.
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RIPI Inks MOU with Local University
TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) has signed a memorandum of understanding with Kharazmi University aimed at expanding cooperation in a range of areas.
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Kish-Garzeh Marine Pipe-Laying Operation Complete
TEHRAN (Shana) -- The head of Kish gas field development project announced the end of the offshore pipeline extension operation in the Kish-Garzeh offshore pipeline project with an unprecedented record.
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Leader Lauds South Pars Achievements under US Embargoes
TEHRAN (Shana) -- The Supreme Leader of the Revolution hailed the successful actions that coincided with the sanctions in South Pars joint gas field.
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Iran Doubles Petchem Output under Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said the country’s petrochemical production capacity had doubled in the 7 years that he had been in office.
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Iran saves €60 m by Using Sahar 1, 2 drilling rigs
TEHRAN (Shana) -- The head of the Mostazafan Foundation of Islamic Revolution announced savings of 60 million euros following the major overhaul of Sahar 1 and 2 floating platform by local experts.
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Iran Gas Industry to Celebrate Self-Sufficiency in Equipment Supply: CEO
TEHRAN (Shana) –The CEO of the National Iranian Gas Company (NIGC) announced the start of construction of 35 widely-consumed and strategic items in the gas industry with support from local knowledge-based companies.
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Sanctions could not hinder development of Iran oil industry: MP
TEHRAN (NIPNA) -- A member of the Energy Committee of the Islamic Consultative Assembly said: "Iran will not give up under any circumstances and despite US sanctions, it will develop its oil industry."
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History of Western Iran Oil Discovery
TEHRAN (Shana) -- If we want to find the root of Iran’s petroleum industry, we need to go through a process whose ups and downs are interlinked with the history of Iran.
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Iran Oil Exports No Longer Dependent on Hormuz Strait
TEHRAN (Shana) -- President Hassan Rouhani and Minister of Petroleum Bijan Zangeneh officially inaugurated the construction of a 1,000-km pipeline extending from Goreh to Jask. The pipeline would enable to Iran to carry 1 mb/d of crude oil from Makran export terminal to target markets.
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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.”