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Export of Petroleum Products Suitable: President
TEHRAN (Shana) -- Iranian President Hassan Rouhani said that the current state of petroleum products and petrochemicals exports of the country was suitable.
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Selling Oil not Easy but Efforts Continue Nonstop: Iran
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh says selling oil is not easy for the country, adding, “We, however, would never cease to try.”
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Maximized Involvement of Domestic Firms in Petchem Projects, NPC Concern
TEHRAN (Shana) -- The National Petrochemical Company (NPC) is seeking to ensure the maximized involvement of domestic manufactueres and contractors in petrochemical projects, the NPC CEO said.
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Iran Mulls Gas Production Enhancement in Khangiran
TEHRAN (Shana) – The CEO of the East Oil and Gas Production Company said that plans were under way to add 2.5 million cubic meters to gas production capacity in Khangiran district, northeastern Iran.
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Figures Concerning Iran-China Deals not Real: FM Spox
TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said that investment affairs between Iran and China had been viewed as a strategic plan for Iran, denying figures released in media concerning the level of the interactions.
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Iran Welcomes Oil Buyers: Spox
TEHRAN (Shana) -- The spokesman of the Iranian Government said the country would welcome any country that wished to buy oil from Iran.
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Iran Petchem Output to Cross 133 mt/y by 2025
TEHRAN (Shana) -- Iran has planned to bring its petrochemical production capacity to 133 million tons per year by 2025 with $40 billion of investment.
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Petchem Plant Improves ICIS Ranking Despite Sanctions
TEHRAN (Shana) – The ICIS has ranked Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) 35th in ICIS Top 100 Chemical Companies for 2019, three levels better than last year, despite the fact that PGPIC is targeted by the US sanctions.
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70% Share of Domestic Companies in Belal Field Development
TEHRAN (Shana) – Iranian manufacturers will supply 70 percent of the items needed for developing Belel offshore gas field, an official said.
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Iran Oil Industry Developing Despite Sanctions: Official
TEHRAN (Shana) – A senior Iranian oil official said that the industry was developing in the country despite the sanctions.
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Strategy to Delay Pressure Drop in South Pars Begins
TEHRAN (Shana) – The Managing Director of Pars Oil and Gas Company said signing Belal gas field’s development contract was one of the long-term solutions to prevent gas pressure drop in South Pars.
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Tapping Domestic Capabilities, NIOC Priority for Developing Belal Gas Field: CEO
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) CEO said that the company’s priority was to tap domestic capabilities for developing Belal offshore gas field.
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CNPCI Practically Out of SP. 11 Project: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said that China’s CNPC International had practically pulled out of the South Pars Phase 11 development project despite not having officially stated so.
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Market Survey Needed for Ensuring Effectiveness of Deeper Oil Output Cuts: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the market’s reaction to deeper supply cuts by OPEC+ needed to be assessed in order to ensure the plan’s effectiveness.
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POGC Inks Gas Deal with Petropars
TEHRAN (Shana) -- Pars Oil and Gas Company (POGC), a subsidiary of the National Iranian Oil Company (NIOC), has finalized a $440m deal with Petropars Company for developing Belal Gas Field in the Persian Gulf.
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Iran-Russia Private Sectors Seek Cooperation in Oil Industry
TEHRAN (Shana) – A Russian delegation of private business people active in oil and gas industry met with the head of the Energy Committee and the deputy head of Tehran Chamber of Commerce in Tehran.
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Iranian Firm to Develop Belal Gas Field
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) is to sign a $440m contract with a domestic company to develop Bilal Gas Field in the Persian Gulf.
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IOOC Launches Plan to Revive coral reefs in Khark Island
TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has joined the Department of Environment (DOE) to save the coral reefs of Khark Island for the first time in the country.
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NIOC to Offer 2mb of Gas Condensate at IRENEX on Sep. 11
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of gas condensate on the international floor of the Iran Energy Exchange (IRENEX) on September 11 at $56.9 per barrel.
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1st Downhole Pump Installed in Yaran Oilfield
TEHRAN (Shana) – The operation for downhole installation and launching the first electric submersible pump (ESP) in Yaran oilfield has been successfully carried out.
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Tehran Waiting for Realization of Europe Promises for Buying Iran Oil: SPOX
TEHRAN (Shana) -- Spokesman for the Iranian Administration Ali Rabiei said Tehran was waiting for Europe’s promises to buy oil from Iran and deliver its money to the country.
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Iran Would Resume JCPOA Commitments if Oil Revenues Ensured: Deputy FM
TEHRAN (Shana) -- Deputy Foreign Minister Abbas Araghchi said that Iran would resume full compliance with the Joint Comprehensive Plan of Action (JCPOA) only if it could sell its oil freely.
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1bcm Injected to Sarajeh Gas Storage Site
TEHRAN (Shana) -- 1.5 billion cubic meters of gas has been injected to Sarajeh Gas Storage Facility since March.
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Iran Could Resume JCPOA Commitment If Europe Buys Oil: Rouhani
TEHRAN (Shana) -- Iranian President Hassan Rouhani said that the country would resume its commitments to the Joint Comprehensive Plan of Action (JCPOA) if Europe could purchase or pre-purchase its oil.
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IOOC Saves €300m/Y in Operations: CEO
TEHRAN (Shana) -- The CEO of the Iranian Offshore Oil Company said that his company had been saving 300 million Euros in its annual expenses since 2016.
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Interaction with Iran Benefits Foreign Firms
TEHRAN (Shana) -- Iran sits atop the world’s largest hydrocarbon reserves and is located on the energy corridor route. However, in the aftermath of the 1979 Islamic Revolution, the United States has been using every tool at its disposal to keep Iran from becoming a key energy player.
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IGAT-9 Extension under Way
TEHRAN (Shana) -- The Iran Gas Trunkline 9 (IGAT-9) is a strategic pipeline in Iran’s gas grid. Due to its significance in providing necessary infrastructure for exports and enhancing gas supply to the western and northwestern provinces as well as feeding industries, this trunkline has taken up added significance.
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Modern Technologies, Oil Industry Development Pulse
TEHRAN (Shana) -- The Reservoir Management and Field Development Division of the Research Institute of Petroleum Industry (RIPI) is a dynamic specialized and scientific center seeking to bring about new changes in the upstream petroleum industry based on modern technologies and latest scientific achievements.
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Oil in Abadan and MIS
TEHRAN (Shana) -- Masjed Soleiman (MIS) and Abadan were the most known socio-engineering examples of the operation of a British company in Iran. These two cities were established in the Third World Iran in the form of modern colonies. The necessity of establishment of such cities following the discovery of oil in the region, their general shape and division of localities, form of houses and districts and the Anglo-Persian Oil Company (APOC)’s authority over these cities are among important points to be taken into consideration.
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Petchem Firms Keen on Buying Iranian Catalysts
TEHRAN (Shana) – CEO of the Petrochemical Research and Technology Company (PRTC) said that Iranian petrochemical companies were keen on consuming local catalysts for their operations to cut expenses.