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Over 80% of Oil Revenues Received In Hard Currency
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said more than 80% of the country’s petrodollars is received in hard currency and the rest in bartering with medicine and staple commodities.
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Bu Ali Sina Petchem Plant Output, 120% of Capacity
TEHRAN (Shana) -- Production of Bu Ali Sina Petrochemical Company in the first 45 days of the current calendar year, which began on March 21 showed a 16 percent increase year-on-year to a new record of 120 percent of the nominal capacity of the complex.
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Iran Selling Crude Oil at “Good Price:” Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says the process of selling oil at a reasonable price will continue vigorously and new markets have been identified for Iranian crude oil, adding Tehran has struck agreements with Latin American countries for bartering oil with staple and agricultural commodities.
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NIOC Investing Rls. 70,000 billion in Poverty Eradication Projects: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC), referring to the fulfillment of social responsibilities of the oil industry, said: “Rls. 70,000 billion have been approved by the board of directors of the National Oil Company for carrying out public benefit projects and eradication of deprivation.”
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OPEC Sec. Gen. Message to Iran Oil Show
VIENNA (Shana) – OPEC Secretary General Mohammad Sanusi Barkindo send a message to organizers of the 26th Iran International Oil, Gas, Refining and Petrochemical Exhibition which was held here in Tehran on 13-16 May 2022.
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Iran Ready for Gas Swap from Turkmenistan to Armenia
TEHRAN (Shana) -- In a meeting with the Armenian Minister of Territorial Administration and Infrastructures, the Minister of Petroleum stressed readiness of the Iranian gas network to start a gas swap from Turkmenistan and to increase gas exports to this country.
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Iran Oil Show Sets Stage for Giving World Energy
Iran Oil Show 2022 set a stage for countries from four corners of the world to display their state-of-the-art technologies and boost their energy ties.
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CIOFC Gas Output to Rise by 100 mcm
TEHRAN (Shana) – The CEO of the Central Iranian Oil Fields Company (CIOFC) on Monday announced the plans to ramp up gas production by 100 million cubic meters by the end of the Iranian calendar year 1404 (ending March 20, 2026), saying the amount is equivalent to the output in five phase of the South Pars Gas Field.
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Kefayati: Russia, China, Qatar Eager to Invest in Innotech Sector; Turbo Compressor Contract Soon
TEHRAN (Shana) – The head of the Oil Industry Technology and Innovation Park here on Monday said that Russia, China, and Qatar have expressed their willingness to make investments in Iran.
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Expansion of Petchem Export Markets Urged
TEHRAN (Shana) – The CEO of Iran’s National Petrochemical Company (NPC) on Sunday highlighted the need to expand export markets for petrochemical products as output is growing.
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Iran Petchem Industry Ready to Attract Foreign Investors
TEHRAN (Shana) – The CEO of Iran’s National Petrochemical Company (NPC) announced on Monday that packages are ready to attract foreign investment in Iran’s petrochemical industry.
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VP Lauds Downstream, Upstream Industries’ ‘Great’ Innovations
TEHRAN (Shana) – The Iranian vice president for economic affairs on Monday praised the innovations developed by the country’s downstream and upstream industries.
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Owji: Ministry of Petroleum to Launch Over 40 New Projects Worth $30bn This Year
TEHRAN (Shana) – Iran’s Minister of Petroleum Javad Owji here on Monday announced that his ministry will launch more than 40 projects worth $30 billion this year.
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President visits 26th Iran Oil Show
TEHRAN (Shana) -- Iranian President Ebrahim Raisi paid a visit the 26th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also called Iran Oil Show, here in Tehran on Monday.
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NIORDC CEO: Refining Sector Ready to Export Technical, Engineering Services
TEHRAN (Shana) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) on Sunday voiced the refining sector’s readiness to export technical and engineering services.
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Reliance on Domestic Potentials Can Neutralize Sanctions
TEHRAN (Shana) -- The head of the Institute for International Energy Studies (IIES), Mohammad Sadegh Jokar, emphasized the need to market making in different countries, saying relying on domestic capabilities can help make sanctions ineffective.
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IOOC Signs 7 MoUs, Agreements
TEHRAN (Shana) -- The Iranian Offshore Oil Company (IOOC) on Sunday signed seven research agreements and Memoranda of Understanding (MoUs) with Research Institute of Petroleum Industry (RIPI) and Petroleum University of Technology as well as universities and knowledge-based companies.
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Armenian Minister Hails Iran’s ‘Astonishing’ Progress in Energy Sector
SHANA (Tehran) – Armenia’s minister of territorial administration and infrastructures visiting Iran Oil Show 2022 here on Sunday described the country’s progress in the energy sector as “astonishing”.
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6 Petchem Projects Online in 1401
TEHRAN (Shana) -- The director of planning and development of the National Petrochemical Company said: "According to the plans, 6 petrochemical projects will come on stream this [calendar] year (which began on March 21)."
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Iran Refineries Process Over 270 bcm Gas
TEHRAN (Shana) -- Iranian refineries have processed over 270 billion cubic meters of natural gas over the course of the previous Iranian calendar of 1400 which ended on March 20, a senior gas official said.
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Deputy FM: Synergy Between Foreign, Petroleum Ministries in Exports Foils Enemies’ Plots
SHANA (Tehran) – Iranian Deputy Foreign Minister for Political Affairs Ali Bagheri Kani here on Sunday said the positive synergy established between the foreign and petroleum ministries in exporting oil has caused the enemies’ “maximum pressure” on the country to end in failure.
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Iran’s Daily Gas Output to Rise by 45 mcm
TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) on Sunday announced a 45 million cubic meter rise in Iran’s daily gas production this year.
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Iran Considering Gas Exports to Europe
TEHRAN (Shana) – Iranian Deputy Minister of Petroleum for Gas Affairs announced on Sunday a rise in natural gas exports to Iraq and setting a deadline for this country to pay its debt, adding Iran is considering gas exports to Europe.
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Petropars CEO: Four Wells of South Pars Phase 11 to Come Online by March 2023
TEHRAN (Shana) – The development of Phase 11 of South Pars gas field is underway and four wells will come on stream by the end of the current Iranian calendar year (which began on March 21, 2022), said the managing director of Petropars Company here on Saturday.
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Oil Production to Increase in Azadegan Field
TEHRAN (Shana) -- The Director of Integrated Planning of the National Iranian Oil Company (NIOC) announced on Saturday that the company has planned to produce 570,000 barrels of oil from Azadegan field per day.
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NIOC Chief: $7.5bn Contract with Iranian Consortium in the Offing
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) here on Saturday announced that a 7.5-billion-dollar contract on the development of joint fields will be soon signed with a domestic consortium.
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Iran, GECF Review Bilateral, Multilateral Cooperation
TEHRAN (Shana) – Iranian Petroleum Minister Javad Owji and Secretary General of the Gas Exporting Countries Forum (GECF) Mohamed Hamel met on Saturday and reviewed bilateral and multilateral cooperation in energy and energy economics as well as the ways to expand collaboration.
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IOEC Head: Iran Has Expertise to Build Pressure Booster Platforms
TEHRAN (Shana) – Iran has the technical know-how to build pressure booster platforms, said the managing director of the Iranian Offshore Engineering and Construction Company (IOEC), here on Saturday.
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GECF Sec. Gen. Urges Investment in Gas Industry
TEHRAN (Shana) – The Secretary General of the Gas Exporting Countries Forum (GECF) said on Saturday that the global gas industry outlook 2050 highlights a need to invest over 8 trillion dollars, urging investment in this area.
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NPC CEO: Knowledge-Based Companies Play Major Role in Developing Petrochemical Processes
TEHRAN (Shana) – Iran’s National Petrochemical Company (NPC) managing director on Saturday said knowledge-based companies play a leading role in developing complicated petrochemical processes and creating the added value.