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US Oil Output Hike, Challenge to Mideast
TEHRAN (Shana) -- US President Donald Trump’s energy policy has had significant impacts on global markets. Under his administration, the United States has managed to increase its oil production to levels exceeding leading producers Russia and Saudi Arabia.
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Iran Gas Sector Set for Self-Reliance in Shadow of Sanctions
TEHRAN (Shana) -- Today a major requirement for survival in the tightly competitive market and the blossoming of an industrial enterprise would be to monitor industrial and technological progress, market and rivals as well as development of technology based on potential and practical capabilities of every company. Given the identity of each industrial enterprise, part of these activities is handled by R&D and IT divisions.
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Iran Petrol Output at 110 ml/d
TEHRAN (Shana) -- Iranian President Hassan Rouhani said Iran was currently producing 110 million tons of petrol domestically which is an unprecedented figure for the country.
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Plant Breaks Record in IPO
TEHRAN (Shana) -- Noori Petrochemical Plant, whose stocks were quoted in the Iranian stock market in its initial public offering (IPO), broke a new record as over 560,00 traders were involved in trading its shares on Saturday.
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NIOC to Ink 10 Domestic Deals on Production Maintenance, Enhancement
TEHRAN (Shana) – An official with the National Iranian Oil Company (NIOC) said the company was planning to sign ten production maintenance and enhancement contracts with domestic firms within the next two months.
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Noori Petchem Plant Exports 60% of Output
TEHRAN (Shana) – The CEO of Noori Petrochemical Plant said the plant exported 60 percent of its output.
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Agreeing on OPEC-non-OPEC Cooperation Prolongs Meeting
VIENNA (Shana) -- "Assessing how to institutionalize OPEC and non-OPEC cooperation" is the main reason for the prolonged meeting of the OPEC ministerial meeting behind closed doors. This issue which has been considered by experts over the past several months still has ambiguities that have caused the Iranian petroleum minister to be the serious and main opposer of this plan," sources said.
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Investment Potential in Ahvaz Field
TEHRAN (Shana) -- Iran sits atop 10% of oil reserves in the world, thereby becoming the fourth largest holder of crude oil deposits in the world. Due to a variety of reasons, Iran has so far tapped not more than 20% of its reserves with the rest remaining intact.
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Iran Launches Largest Gas Collection Center in Sarakhs
TEHRAN (Shana) -- The largest center for gathering associated gases has been launched in Sarakhs, northeastern Iran.
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Fire at South Pars SPD9 Platform Put Out; No One Killed
TEHRAN (Shana) – The fire that gripped SPD9 Platform of South Pars gas field was put out by fireboats in the area almost two hours.
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Targeting Petchem Companies with Sanctions, Economic Terrorism: Spokesman
TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs condemned imposition of sanctions on Iran's petrochemical companies by the United States, describing it as an example of “economic terrorism”.
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India Refraining from Developing Iran Gas Field due to Sanctions: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said India was not planning to develop Iran’s Farzad B gas field due to sanctions.
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Iran Not to Exit OPEC: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country had no plans to exit the Organization of the Petroleum Exporting Countries (OPEC).
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1st Economic Forum of the Caspian Littoral States Due on August 11, 12
TEHRAN (Shana) -- The first economic forum of the Caspian littoral states will be held on August 11 and 12, with representatives of governments, the private sector, academic communities and a number of international organizations in Turkmenistan’s Awaza.
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Buying Petrol Possible Only by Providing Smart Fuel Card by Aug. 11: NIOPDC
TEHRAN (Shana) – The National Iranian Oil Products Distribution Compnay (NIOPDC) announced in a statement that purchasing petrol by Iranian motorists would only be possible by providing a smart fuel card as of August 11, 2019.
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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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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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BARKINDO:
There Can Never Be another OPEC
TEHRAN (Shana) -- OPEC Secretary General Mohammad Sanusi Barkindo has highlighted the uniqueness of the oil producer organization, dismissing the idea of emergence of any other such organization.
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World’s Largest Methanol Plant Ready for Startup
TEHRAN (Shana) -- The world’s largest methanol production plant in Iran’s southern Bushehr Province is ready to come on-stream. Built by the private sector, this plant is able to produce 7,000 tonnes a day of methanol.
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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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IOOC Backs Domestic Manufacturers
TEHRAN (Shana) -- The CEO of the Iranian Offshore Oil Company (IOOC) voiced the company’s support for domestic suppliers and manufacturers.
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Safety Measures Implemented on Omidiyeh Pipelines
TEHRAN (Shana) -- Measures are being implemented to ensure the safety of Omidiyeh pipelines in southwest Iran, an oil official said.
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IOTC Localizes Manufacturing of Industrial Valves
TEHRAN (Shana) -- The Iranian Oil Terminals Company (IOTC) has acquired the technical savvy for manufacturing parts of industrial valves which were previously monopolized by European and American companies.
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PGPIC to Launch 7 Projects by 2021
TEHRAN (Shana) -- The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company was planning to launch 7 petrochemical project by 2021.
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PRTC Vows to Indigenize Strategic Catalysts by 2021
TEHRAN (Shana) – The CEO of the Petrochemical Research and Technology Company (PRTC) said that the company was planning to domestically manufacture all the strategic catalysts used in the petrochemical industry by 2021.
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KOGPC Domestically Manufactured 316 Oil Equipment Items in Year to March 2019: Chief
TEHRAN (Shana) -- Karoon Oil and Gas Production Company (KOGPC) produced 316 items of its required oil industry equipment and spare parts in the year to March 2019, using domestic experts and technology, said the company’s CEO.