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Iran Petroleum Products Exports to hit $48b
TEHRAN (Shana) -- The chairman of the board of directors of the Union of Exporters of Petroleum, Gas and Petrochemical Products announced the forecast of $48 billion in exports of downstream petroleum products by the next Iranian calendar year.
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NIOC Welcoming Domestic, Foreign Oil Investment: CEO
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said: "If the oil industry and the country's capital market are combined, the jump in investment in the oil industry under the 13th administration will be materialized."
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NIOC Eyes 5.7mbd in 8 Years: Official
TEHRAN (Shana) -- The Director of Integrated Planning of the National Iranian Oil Company (NIOC) announced the company’s plans to ramp up Iran's crude oil production capacity to 5.7 million barrels per day over the next eight years.
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Russian Firms to Expedite Iran Oil Projects: Official
TEHRAN (Shana) -- Mehran Amir Moeini, Deputy Director of Marketing and Gas Operations of the International Department of the National Iranian Oil Company (NIOC) said: “Given the progress it has made in the gas sector, including large-scale projects, especially in deep-water, drilling technology and project financing, Russia can facilitate implementation of projects such as the development of gas fields, liquefied natural gas (LNG) plants and construction of pipelines in deep water projects in Iran by transferring these experiences to the country.”
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New Strategy for Running Int'l Projects at IGEDC
TEHRAN (Shana) -- The CEO of the Iranian Gas Engineering and Development Company (IGEDC) stated: “There are many opportunities to improve and advance in the management of the company's projects with a new strategy for implementation of international projects that should be utilized by taking advantage of internationally valid models and maximum use of the available competencies.”
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Iran, 7th Largest Turbine Manufacturer
TEHRAN (Shana) -- Iran has become the seventh largest turbine manufacturer in the world with the support of Iranian Gas Engineering and Development Company (IGEDC).
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Russian Firms to Develop Iran Oil, Gas Fields
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the development of Iran's oil and gas fields with the participation of Russian companies.
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Iran, Russia Sign Energy Agreements
TEHRAN (SHANA) – Iranian Minister of Petroleum, Javad Owji, said on Thursday Tehran and Moscow signed multiple agreements in development of oil and gas fields, construction of petro-refineries and technology transfer.
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President Raisi: Sanctions Cannot Stop Iran's Progress
TEHRAN (Shana) – Iranian President Seyyed Ebrahim Raisi in a meeting with his Russian counterpart Vladimir Putin in Moscow on Wednesday underlined that the unlawful sanctions have failed to prevent Iran from making progress in different areas.
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Owji: Iran, Russia to make Good Decisions in Gas Trade
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji explained the highlights of his meeting with Russian officials, and said: "Good decisions have been made in the field of gas trade, which can lead to transformation in the region."
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Phase 11 Gas Production Next Year
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said: "Development and completion of phase 11 of South Pars Gas Field is one of the main priorities of the National Iranian Oil Company (NIOC). In the development plan of phase 11, we are now drilling wells and part of gas recovery from the phase will begin next [calendar] year."
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Iran to Become Key Player in Energy Market in Coming Year
TEHRAN (Shana) -- The head of the Planning and Budget Organization said: “Iran, having the largest oil and gas reserves, will be one of the key players in the energy market in the coming years.”
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Iran to Export Energy Services to Europe
TEHRAN (Shana) -- Iranian Gas Engineering and Development Company (IGEDC) has signed a memorandum of understanding with a European company for engineering services and construction of gas transmission lines, gas pressure boosting facilities and development of gas storage tanks.
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Bu Ali Sina Petchem Plant Output 112% of Nameplate Capacity
TEHRAN (Shana) -- The commercial director of Bu Ali Sina Petrochemical Plant announced the rise in the facility’s output, adding the plant’s production is 112% of its nameplate capacity.
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Oil Revenues Grow Sharply under Raisi Admin
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said in a post on his Twitter account: “The collection of oil revenues in the 13th administration has jumped significantly compared to before, and its money is being collected regularly.”
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Oil Sales Much Better than Before: CBI
TEHRAN (Shana) – The governor of the Central Bank of Iran (CBI) said, "The government's revenue from the sale of oil and its byproducts is a good source of government funding," adding currently sale of oil and petroleum products has been much better than the past.
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Iran Oil Sales Dramatically up in Last 10 Months
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says the country’s oil sales have ramped up dramatically over the course of the past 10 months.
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NIOC Calls on Banks, Petchem Holdings to Bankroll Upstream Oil Projects
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) stated that several investment plans have been foreseen for the development of oil projects, and announced negotiations with banks and petrochemical holdings to finance upstream oil projects.
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$80-90/b Oil Price Favorable: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said that the price of oil between 80 to 90 dollars per barrel would be favorable for both consumers and producers.
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Petropars CEO Appointed
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company appointed Seyed Shamsuddin Mousavi as the CEO of Petropars Company.
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Iran Oil Exports up 40%: President
TEHRAN (Shana) – Iranian President Seyyed Ebrahim Raisi said, "We are honorably pursuing lifting of the sanctions," adding that Iran's oil exports have increased to such an extent that “we are no longer worried about exports which have seen a 40% growth under the 13th administration.”
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Refining Capacity of Hormozgan to hit 1.55 mbd
TEHRAN (NIPNA) – Iranian Minister of Petroleum Javad Owji said that the refining capacity of the southern province of Hormozgan was planned to reach 1.55 million barrels per day.
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CEO of PGPIC Appointed
TEHRAN (Shana) -- The head of the board of directors of the Persian Gulf Petrochemical Industries Company (PGPIC) appointed Abdul Ali Ali Asgari as the CEO of the holding company.
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NISOC Planning to Invest $200m on Renovating Equipment
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) said his company had received approvals to invest $200 million for renovating its equipment and facilities in oil-rich regions.
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NISOC Bracing for 3 mbd Crude Oil Output
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) said his company would be prepared for 3 million barrels per day of crude oil output by the end of the current calendar year, which began on March 21.
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Oil Money Collected: NIOC
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said: "Sales of Iranian oil and gas condensate have increased well and export oil money is collected. We plan to return oil production capacity to pre-sanctions levels by the end of the current calendar year, which began on March 21.”
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Owji: OPEC+ Ready to Supply Consumers’ Required Fuel
TEHRAN (Shana) – The members of OPEC+ coalition are ready to swiftly and securely provide the market and consumers with oil when required, Iranian Minister of Petroleum, Javad Owji, said on Tuesday.
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24th OPEC and Non-OPEC Ministerial Meeting
TEHRAN (SHANA) -- The 24th OPEC and non-OPEC Ministerial Meeting was held via video conference on Tuesday, January 4, 2022 and ended with a consensus on keeping the agreed increase plan in place, raising an additional 400,000 bpd to their collective crude oil output for February.
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24th OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 24th OPEC and non-OPEC Ministerial Meeting was held via video conference on Tuesday, January 4, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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OPEC+ Sticks to Production Policy for February 2022
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+ Coalition) agreed at their 24th meeting to boost the group’s output by 400,000 barrels per day in February 2022.