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Tehran Preparing to Host Oil Show Next Week

TEHRAN (Shana) -- The director of the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) said that "domestic production" is the focus of the event, adding: “The 25th Oil Show will be held with the slogan National Oil, Iranian Goods and Services."
2021-01-19 15:31
Offshore Pipe-Laying Operations of Jask Oil Terminal Kicks Off

TEHRAN (Shana) -- The head of Jask Oil Terminal Development Project announced the start of the offshore pipeline operations of the early production phase of the project.
2021-01-19 14:17
PIDM Obtains Integrated Management Standard Certifications

TEHRAN (Shana) – The Petrochemical Industry Development Management Company, after undergoing the necessary audits, succeeded in obtaining a new edition of the Integrated Management Standard (IMS) certifications.
2021-01-18 14:13
5th Shipment of Bidboland Persian Gulf Refinery Exported

TEHRAN (Shana) -- On the eve of the official opening of Bidboland Persian Gulf Refinery, the CEO of the plant announced the export of the fifth consignment of the products of the complex.
2021-01-18 14:08
NISOC Voices Readiness to Resume Pre-Sanctions Oil Output Levels

TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to stop reducing its crude oil output and increase production to pre-sanctions’ levels.
2021-01-18 14:03
Explosion in Gas Station Pipeline in Khuzestan

TEHRAN (Shana) -- The pipeline of a gas station in Cham village in Khuzestan Province exploded today (Thursday, January 14) during a gas leak test.
2021-01-14 22:20
TPC, Top Iran Exporter

TEHRAN (Shana) -- Tabriz Petrochemical Company was selected as a top Iranian exporter in the current Iranian calendar year which began on March 21.
2021-01-13 16:00
Kangan Petrorefinery Ready for Inauguration

TEHRAN (Shana) -- The CEO of Kangan Petrorefining Company announced the official commissioning of the project as one of the important and strategic projects of the second leap of the petrochemical industry in mid-February.
2021-01-12 16:58
Petchem Feedstock to Reach 2.2 mbd

TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) consumption of petrochemical feedstock in Iran would reach an equivalent of 2.2 million barrels per day of oil by 2026.
2021-01-12 16:41
Lordegan Resin Urea Park MOU Signed

TEHRAN (Shana) -- The Memorandum of Understanding for construction of Lordegan Resin Urea Park was signed in order to complete the melamine and urea value chain and develop downstream industries in Lordegan.
2021-01-11 20:35
Zangeneh Announces Creation of new Capacities for Oil Export, Money Transfer under Sanctions

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh announced Iran's creation of new capacities in the field of oil sales as well as transmission and receiving oil money despite the sanctions on the country.
2021-01-11 20:02
NIOC Inks 8 Oil Deals with Local Firms

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has signed 8 contracts for boosting and maintaining production at Iranian oil fields with domestic companies.
2021-01-11 18:02
NIOC to Issue Rls. 20,000bn of Bonds to Finance Oil Projects

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said NIOC was planning to issue Rls. 20,000 bn worth of bonds to finance projects aimed at production enhancement and maintenance of oil fields in Iran.
2021-01-11 14:48
Democrats, Republicans Both Favor Nord Stream 2 Sanctions

TEHRAN (Shana) -- Amir Alizadeh, the managing director of the Association of Iranian Banks in Europe (AIBE), has said the North Stream 2 gas pipeline would allow Russia to pump 55 bcm of more gas to Europe, specifically to Germany. In an interview, he said that the US imposed sanctions on the project. Alizadeh explained that Democrats and Republicans both favor US sanctions on the Nord Stream gas pipeline.
2021-01-10 14:54
How South Pars Eased Iran Circumvention of Sanctions

TEHRAN (Shana) -- Phase development of the giant offshore South Pars gas field defeated hypotheses of toughened US sanctions against Iran’s petroleum industry. Iran’s oil and gas has overcome many challenges in the way of energy exports and diversified refined petroleum products with a view to neutralizing the sanctions.
2021-01-10 13:54
POGC Adopts WIMS for South Pars Wells

TEHRAN (Shana) – Pars Oil and Gas Company (POGC) has launched Well Integrity Management System or WIMS to ensure safe and stable gas production in South Pars gas field.
2021-01-09 20:51
Tehran to Host Oil Show in January

TEHRAN (Shana) -- The 25th Iran International Oil, Gas, Refining and Petrochemical Exhibition will be held in Tehran from January 21 to 24.
2021-01-09 14:06
Iran Bracing for Producing Oil from Azar Joint Field: OIEC CEO

TEHRAN (Shana) -- The CEO of Oil Industries Engineering and Construction (OIEC) Group announced the first phase of Azar join oilfield will become productive soon.
2021-01-06 19:05
NIGC Boosts Iran Gas Processing

TEHRAN (Shana) -- The CEO of the National Iranian Gas Company (NIGC) said a new record has been registered in the volume of gas processing has reached a new record of 840 million cubic meters per day, calling for optimal consumption of gas by the people.
2021-01-06 18:50
OPEC+ 13th Ministerial Meeting Ends

The 13th OPEC and non-OPEC Ministerial Meeting (ONOMM) was held on Tuesday, 5 January 2021, via video conference.
2021-01-05 22:45
Additional 75,000 bpd Oil Supply Will not Affect OPEC+ Output

TEHRAN (Shana) -- Iran’s Minister of Petroleum, Bijan Zangeneh, said on Tuesday that the 75,000 bpd increase in Russia and Kazakhstan oil production in February and March will not influence OPEC+ output and world market.
2021-01-05 21:30
OPEC+ Agrees 7.125m bpd Output Cuts for Feb.; Russia, Kazakhstan to Raise Production

OPEC and its allies reached a consensus on crude oil output cuts of 7.125 million bpd for February and 7.050 million bpd for March, allowing Russia and Kazakhstan to raise production.
2021-01-05 21:19
OPEC+ talks Resume on 2nd Day

The 23 members of the OPEC+ coalition met today for the second day in a row to decide on oil production in February.
2021-01-05 19:01
9-Month Output of Fajr Jam Refinery Up

TEHRAN (Shana) -- The CEO of Fajr Jam Gas Refining Company announced the plant’s raised output in the first 9 months of the current calendar year, which began on March 21.
2021-01-05 16:46
POGC Installs 2nd SBM to Facilitate Gas Condensate Export from South Pars

TEHRAN (Shana) – Pars Oil and Gas Company (POGC) has installed the second single point mooring of South Pars gas field to facilitate gas condensate exports from the offshore joint field.
2021-01-05 16:19
Iran Raises Volume of Estimated Persian Gulf Oil Reserves

TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has carried out fast track comprehensive projects of reservoir studies on four oil fields it operates in the Persian Gulf, ratcheting up estimated oil reserves by more than 740 million barrels.
2021-01-05 15:25
Iran Petroleum Minister: Future Months Determining for Oil Market

TEHRAN (Shana) -- Iran’s Minister of Petroleum Bijan Zangeneh said on Monday that future months are determining for oil market in terms of supply-demand uncertainties.
2021-01-04 22:31
13th OPEC+ Ministerial Meeting starts via Videoconference

TEHRAN (Shana) -- The thirteenth ministerial meeting of OPEC members and non-OPEC producers, a grouping called OPEC+, started a few minutes ago via video conference.
2021-01-04 18:28
Iran Petrol Export Revenue at $1.4b in 7 Months

TEHRAN (Shana) – Iran’s revenue from petrol exports reached 1.4 billion dollars in the first 7 months of the current calendar year, which began on March 21.
2021-01-02 15:42
Iran Joins Club of Gas Detector Producers

TEHRAN (Shana) – An Iranian knowledge-based company has successfully developed a gas detector which brings Iran to the club of only three countries capable of manufacturing the item.
2021-01-02 14:51