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Doroud Awaiting Foreign Investment
TEHRAN (Shana) -- Iran’s 2015 historic nuclear deal with the West is known as the biggest important event in the petroleum industry in recent years. The agreement, which was achieved after 10 years of intensive diplomatic talks, cleared the way for the return of Iran’s oil to global markets. Iran intends to take advantage of this opportunity to relaunch ageing oil and gas fields, as well as decrepit petroleum industry infrastructure by attracting Western capital and expertise.
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Arvand Oil Field and $135mn Investment Potential
Until a couple of years ago, development of the oil and gas fields Iran shares with neighboring countries had been slowed due to financial and technical shortages in Iran, thereby helping neighboring nations make big gains.
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Petchem Talks with Foreign Investors Continue
TEHRAN (Shana) -- Despite the United States’ withdrawal from Iran’s 2015 nuclear deal with six world powers, negotiations between Iran’s National Petrochemical Company (NPC) and foreign companies are going on.
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“We will Elude Sanctions for Selling Oil:” Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said Iran would escape the US sanctions to sell its oil.
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NIOC to Sell 2 mb of Oil at Energy Exchange on May 28
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on May 28.
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NPC Eyes Feedstock Production Enhancement
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said by launching 6 feedstock supply projects, 15 million ton per day would be added to feedstock supply capacity in the country.
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NIDC Localizes Jacking System
TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has launched the localized the elevating System of jack up rigs for Shahid Modaress Marine Drilling Rig in Khark coastal waters.
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Zangeneh Says Working in Tandem with Foreign Affairs Ministry on Iran Oil Demands from Europe
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said his ministry was working completely in tandem with the Ministry of Foreign Affairs regarding Iran's oil-related requests from Europe in the 60-day deadline that Tehran has given the European Union.
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Petchem Talks Continue with Foreign Companies: Official
TEHRAN (Shana) – An official with the National Petrochemical Company (NPC) said that the company’s talks with foreign investors and developers were continuing on petrochemical projects in Iran.
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Euro-4 Petrol Distributed in Khuzestan
TEHRAN (Shana) -- The National Iranian Oil Products Distribution Company (NIOPDC) has issued a statement announcing distribution of Euro-4 petrol in three main cities of the southwestern province of Khuzestan.
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Overhaul of 4 South Pars Platforms Complete
TEHRAN (Shana) -- Operations to overhaul 4 offshore platforms belonging to the supergiant South Pars gas field have completed.
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Iran Oil Sanctions and Energy Security
TEHRAN (Shana) -- Today, May 19, Saudi Arabia hosts a meeting of OPEC+ monitoring committee to review oil market trends and possibly facilitate decision-making by OPEC members at their ordinary ministerial meeting next month in Vienna. This is the first meeting of OPEC and non-OPEC countries after the US administration decided to end waivers on Iran’s oil purchases since early May and push Iran’s oil exports to zero as a means to achieve its foreign policy objectives.
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RIPI Focused on Downstream Catalyst Production
TEHRAN (Shana) -- An official with the Research Institute of Petroleum Industry (RIPI) said the institute was determined to produce various kinds of catalysts used in downstream operations.
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NIOC to Market 2mb of Light Crude Oil at IRENEX on May. 21
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to supply 2 million barrels of light crude oil on the international floor of Iran Energy Exchange (IRENEX) on May. 21.
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Drilling Rigs Resume Operation in Khuzestan
TEHRAN (Shana) -- 6 drilling rigs whose operation was halted due to recent flash floods in western Iran have now resumed their activities in the southwestern province of Khuzestan.
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Ilam Refinery to Launch Phase II
TEHRAN (Shana) – The National Iranian Gas Company (NIGC) has ordered the Iranian Gas Engineering and Development Company (IGEDC) to build the second phase of Ilam Gas Refinery, west Iran.
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Smoke at Tabriz Refinery Caused by Burning Hydrocarbon Gases
TEHRAN (Shana) -- The dense smoke and blaze seen above one of Tabriz Refinery’s units was caused by burning hydrocarbon gases after overhaul of the refinery, an official with the refinery said.
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Plans under way to Complete Petchem Value Chain in Assaluyeh
TEHRAN (Shana) -- An official with the National Petrochemical Company (NPC) said the company viewed completion of the value chain in Assaluyeh, south Iran, as a strategy.
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US Cannot Prevent Iran Petchem Exports: MP
TEHRAN (Shana) -- A member of the Iranian parliament said the US was unable to prevent export of petrochemical from Iran to global markets.
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36-Inch Oil Pipeline Operational in Omidiyeh
TEHRAN (Shana) -- The managing director of Aghajari Oil and Gas Production Company said the 36-inch oil pipeline of Omidiyeh, in southwest Iran, is now fully operational.
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PGPIC Exports Continue despite Sanctions
TEHRAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Trade Company said the current international conditions had not influenced export of petrochemicals by the Persian Gulf Petrochemical Industries Company (PGPIC).
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Omidiyeh-Ahvaz Oil Pipeline Resumes Operation
TEHRAN (Shana) – The 42-inch pipeline that carried oil from Ahvaz to Omidiyeh in southwest Iran is back to normal and operational after it caught fire on Monday.
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South Pars Gas Output to Increase by 60mcm by March 2020
TEHRAN (Shana) -- The CEO of the Pars Oil and Gas Company (POGC) said that gas production from the offshore South Pars gas field would be increased by 60 million cubic meters per day by the end of the current calendar year to March 2020.
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Iran Gives 60 Days to JCPOA Parties before Reducing Commitments
TEHRAN (Shana) -- Iran has revealed countermeasures to US’ withdrawal from the nuclear deal, removing restrictions on storage of heavy water and enriched uranium, and giving the five remaining parties to JCPOA 60 days before reducing further commitments to the agreement.
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NIDC to Drill 23 Wells in South Azadegan by March 2020
TEHRAN (Shana) -- A project to drill 23 wells in South Azadegan Oilfield will complete before the end of the current calendar year, which began on March 21.
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Plant Eyes Value-Chain Completion for Methanol Production
TEHRAN (Shana) -- Marjan Petrochemical Plant is planning to complete the value chain of methanol production process, the company’s CEO says.
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Fire Put out at Oil Pipeline in Southwest Iran
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the fire that gripped an oil pipeline in southwest Iran on Monday was put out.
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Fire under Control at Oil Pipeline in Southwest Iran
TEHRAN (Shana) -- A fire which broke out at an oil pipeline in southwest Iran after an accident on Monday is under control.
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Rouhani Admin to Decide on Petrol Price: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said: “I have no information regarding an increase in the price of petrol and the [Rouhani] administration makes a decision about this issue.”
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Driving Iran Oil Exports to Zero not Possible: Speaker
TEHRAN (Shana) -- Speaker of the Iranian parliament Ali Larijani said bringing Iran’s oil exports to zero would never be realized.