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South Pars Phase 11 Online Soon
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said phase 11 of the massive South Pars gas field would start production in the near future.
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Statement of 34th OPEC and non-OPEC Ministerial Meeting
TEHRAN (Shana) -- The 34th OPEC and non-OPEC Ministerial Meeting took place by videoconference on Sunday, 4 December 2022.
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Oil Market Concerned about Glut in Coming Months: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji underlined concerns about the possible consequences of the spread of coronavirus in some regions, especially China, for the economic growth of the world and the possible demand destruction, saying: “There are concerns about the possibility of a glut in the oil market in the coming months.”
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34th OPEC+ Ministerial Meeting Starts Virtually
TEHRAN (Shana) -- The 34th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies began a few minutes ago via video conference.
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OPEC+ Sticks to 2mbd Output Cut
TEHRAN (Shana) -- The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by 2 million barrels per day until the end of 2023.
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Liquid Ring Compressors Localized in Arvand Petchem Plant
TEHRAN (Shana) -- The liquid ring compressors of Arvand Petrochemical Company were localized by knowledge-based companies by reverse engineering method, relying on local experts.
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185th OPEC Meeting Held Online
TEHRAN (Shana) -- The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.
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Iran, Iraq Form Joint Oil Working Group
TEHRAN (Shana) -- The oil ministries of the Islamic Republic of Iran and Iraq announced their agreement to establish a joint oil working group.
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Bou Ali Sina Petchem Plant Eyes 2mt/y Output
TEHRAN (Shana) -- The CEO of Bou Ali Sina Petrochemical Company said the company is planning to supply 2 million tons of products in the current year which began on March 21, 2022.
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$30b Petchem Investment Opportunity up for Grabs by KBCs
TEHRAN (Shana) -- The CEO of the Petrochemical Special Economic Zone Organization said: “We will create an innovation plant in the Petrochemical Special Economic Zone, which will provide a whopping $30 billion investment opportunity for knowledge-based companies.”
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Construction of $3b Petchem Projects in Ilam
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said Iran's petrochemical industry has $3 billion worth of petrochemical projects under construction in Ilam province, western Iran.
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Iran, Venezuela Discuss Deeper Energy Ties
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji had a telephone conversation with Tareck El Aissami, Vice President and Minister of Oil of Venezuela, regarding the development of cooperation between the two countries in the field of energy and the latest developments in the global oil market.
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Owji: Iraq has Paid off All Gas Arrears
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said last year and this year, “we received all the arrears regarding the collection of demands, especially the demands for gas export to Iraq, and almost all the demands are settled so far.”
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Power Plant Gas Delivery up 26% in Gilan
TEHRAN (Shana) -- The CEO of Gilan Province Gas Company announced a 26% increase in gas delivered to the power plants of the northern province in Aban (October-November) this year compared to the same period last calendar year.
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MOP Lists Iranian E&P Firms
TEHRAN (Shana) -- The Iranian Ministry of Petroleum has released a list of the companies applying for activities in the field of exploration and production (E&P).
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MOP Launches Office in Iraq
TEHRAN (Shana) -- The Iranian Ministry of Petroleum (MOP) has launched its office in Baghdad, Iraq.
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Tondgouyan Petchem Plant to Celebrate Catalyst Self-sufficiency
TEHRAN (Shana) -- Head of Research and Technology of Shahid Tondgouyan Petrochemical Plant said the company is to be the first Iranian petrochemical firm to celebrate localization of all the catalysts, chemicals and heat transfer intermediate oils with the cooperation of Iranian knowledge-based companies.
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Iran Acquires Savvy to Lighten Heavy Oil Atomically
TEHRAN (Shana) -- The Deputy Director of the Atomic Energy Organization of Iran (AEOI) said: “This technical know-how of lightening heavy crude oil with atomic radiation will be unveiled at the first knowledge-based conference of the oil industry.”
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Russian Firm to Develop Shadegan Field
TEHRAN (Shana) -- The deputy CEO of Khatam Oil, Gas and Petrochemical Holding affiliated with Khatam al-Anbia Construction Headquarters has announced that a Russian company has agreed to develop the Shadegan oil field based on a new model of oil contracts. In an interview with “Iran Petroleum”, Omid Asakereh also said that talks were under way with Russian companies for other oil projects in Iran, including talks with Gazprom to develop the Kish gas field.
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Multilateralism, Iran’s Winning Card
TEHRAN (Shana) -- Iran’s geopolitical position in the world and specifically its convenient geographical location in the Persian Gulf and the Caspian Sea on the one hand, and its long experience in the field of energy on the other, have made it one of the important and decisive countries in the field of energy supply in the world. The position of Iran in terms of energy transmission routes and the country's vital role in global energy security is very important because Iran, with its special geographical and geopolitical position for the landlocked region of Central Asia, is a desirable transit country and can bring the oil and gas of these countries to high seas in the best way and even to Europe through Turkey.
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Golden Age in Iran-Russia Ties
TEHRAN (Shana) -- During the 16th Iranian-Russian Business Council, hosted by Moscow, four documents were signed for cooperation between the two nations by Iranian Minister of Petroleum Javad Owji and Russia’s Deputy Prime Minister Alexander Novak. Owji has said that Iran-Russia ties had entered a “golden age”. Novak also said that Iran-Russia trade grew 45% in 2022 year-on-year.
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Petrorefinery to Reap $6m in Daily Revenue once Fully Operational
ISFAHAN (Shana) -- Sohrevardi Safahan Petrorefining Company has started working in Isfahan with $6 million of anticipated daily income and the approach of advancing the goals of Isfahan Petrorefinery Holding.
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Iran Ready to Engage in Iraq Oil, Gas Projects
TEHRAN (Shana) -- The CEO of the Iranian Gas Engineering and Development Company (IGEDC) announced Iran's readiness to participate in Iraq's oil and gas projects.
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Bandar Imam Invests $1b to Collect APG
TEHRAN (Shana) -- The CEO of Bandar Imam Petrochemical Company considered the nature of the establishment of his company in the past half century as a form of social responsibility and reported on the company's $1 billion investment for collecting associated petroleum gas (APG) in the Persian Gulf Yadavaran Gas Refinery project.
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Owji Discusses Deepening Ties with Russian Deputy Premier, Pakistani Counterpart
TEHRAN (Shana) -- Iranian Minister of Petroleum Javad Owji had a telephone conversation with the Deputy Prime Minister of Russia Alexander Novak and Pakistan's Minister of Petroleum Musadik Masood Malik.
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17% Growth in Sales of Amirkabir Petchem Plant
TEHRAN (Shana) -- The total sales value of Amirkabir Petrochemical Plant in the first 7 years of the current Iranian calendar year which began on March 21 increased by 17% compared to the same period last year.
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Refinery Registers Innovative Project
TEHRAN (Shana) -- The CEO of Shahid Hasheminejad Gas Refining Company announced registration of a new innovation by the refinery by relying on knowledge-based activities.
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Iran Breaks Oil, Petchem Export
TEHRAN (Shana) -- The Iranian Minister of Petroleum announced smashing the record of Iran's export of crude oil, gas condensate and petrochemicals in the month of Aban (October 23-November 21) since at least 2018.
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Fundamental Changes in Gas Saving, a Must: Veep
TEHRAN (Shana) -- The first vice president said: “We need to make a fundamental change both in the investment sector and in the saving of the country's gas resources.”