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MOGPC Launches Gas Sweetening Plant
TEHRAN (Shana) – The first phase of a gas sweetening project has been launced at No. 3 Complex of Maroon Oil and Gas Production Company (MOGPC).
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NISOC to Run New Projects to Maintain Oil Production
KHUZESTAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the company was about to launch 7 project packages for maintaining and enhancing crude oil production in the fields it operates.
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Plant Output Exceeds Expectations
TEHRAN (ٍShana) – The output of Noori Petrochemical Plant stood at 106% of the planned output in the current Iranian calendar year which began on March 20, 2019.
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RIPI Key in Oil Industry Economy
TEHRAN (Shana) – The head of the Research Institute of Petroleum Industry (RIPI) said the center was able to overcome the sanctions by relying on the strength and diligence of the valuable local forces to effectively respond to the technological needs of the petroleum industry and play a decisive role in the national economy.
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Last South Pars Phase 13 Platform Installed
TEHRAN (Shana) – Operator of South Pars Phase 13 development project said the last platform of the offshore project was successfully installed in the Persian Gulf.
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OPEC, non-OPEC Agreement Reachable before April: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March.
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OPEC Pegs Deeper Cuts at Non-OPEC Support
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said oil producers at OPEC had uniformly proposed a major cut in the group’s crude oil output, but waited for non-OPEC allies, especially Russia, to back the move by considering cuts in their production.
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OPEC Waiting for Non-OPEC Approval for Historic Output Cuts
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says OPEC had decided to wait for an agreement of non-OPEC allies to consider major cuts in the group’s output to shore up oil prices.
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Oil Market Reeling from Supply Glut: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says there is an oversupply in the crude oil market, saying OPEC and non-OPEC producers need to discuss how to ensure market balance.
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Crude Oil Demand Wrecked by COVID-19: Expert
VIENNA (Shana) -- The head of the Vienna Energy Studies Group underlines the importance of the upcoming OPEC meeting, saying: “The coronavirus outbreak has ruined the demand for oil.”
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Petropars Says to Follow in Total Footsteps in SP11
TEHRAN (Shana) -- Over recent years, the South Pars Phase 11 (SP11) development project has been one of the most controversial projects in Iran. It was the first project for which National Iranian Oil Company (NIOC) signed an agreement with a consortium of France’s Total, China’s CNPCI and Iran’s Petropars under the newly-developed Iran Petroleum Contract (IPC) framework. Total and CNPCI pulled out of the project after the US exited the Iran nuclear deal and re-imposed sanctions on Iran. Petropars is now the sole operator of the project.
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Iran Ends Monopoly of Building Key Oil Industry Items
TEHRAN (Shana) -- The CEO of Iranian Oil Terminals Company announced construction of the NQ900 electric actuator and automatic sampler controller by local experts.
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COVID-19, Main Culprit in Recent Oil Price Fluctuations: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
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3rd South Pars Phase 13 Platform Installed
BUSHEHR (Shana) – The third offshore platform of the supergiant South Pars gas field has been installed.
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Zangeneh Talks with Russia’s Novak Prior to OPEC Meeting
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh discussed topics regarding the upcoming OPEC meeting with his Russian opposite number Alexander Novak.
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Over 70% of Oil Industry Equipment Localized: Iran
TEHRAN (Shana) – A senior Iranian industrial official says the country has indigenized manufacturing of over 70% of the equipment used in the petroleum industry.
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Iran Envoy to Austria, OPEC Secretary-General Meet in Vienna
TEHRAN (Shana) -- The Iranian ambassador and permanent representative to international organizations in Vienna met with the OPEC secretary-general to discuss the oil market developments following the spread of the Coronavirus in China.
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IPIEMA Localizes Strategic Petchem Equipment
TEHRAN (Shana) -- A member of the Iranian Petroleum Industries Equipment Manufacturers Association (IPIEMA) said Iranian manufacturers had successfully localized building of compressors and extruders in the petrochemical industry.
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Enhanced Oil Exports Mark Failure of Sanctions: Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said: “That Iran’s oil exports increased from 0.9 mbd to nearly 3 mbd after the JCPOA is an indication of the fact that we smashed the sanctions.”
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Iran Starts Mass Production of Drilling Bit
TEHRAN (Shana) -- The Iranian-made toothed drilling bit has entered mass production phase.
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Iran-Made Fath 72 Drilling Rig Unveiled
TEHRAN (Shana) – Fath 72 Drilling Rig, built by Academic Center for Education, Culture and Research (ACECR), has been unveiled in a ceremony attended by Iranian Minister of Petroleum Bijan Zangeneh.
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Petropars Awarded Project to Develop Forouzan Oilfield
TEHRAN (Shana) – The CEO of the Petropars Group said his company had won a tender to develop a production maintenance and enhancement project in Forouzan Oilfield.
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Petchem Industry Best Method to Generate Wealth in Iran: Official
TEHRAN (Shana) – The supreme adviser to presidential deputy for technical and scientific affairs underlined the importance of the petrochemical industry in generation of wealth for the country.
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Enhanced Gas Production, Biggest Oil Industry Measure to Save Environment: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said his ministry’s biggest environmental measure was enhancing natural gas production in the country.
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NISOC Announces Technological Needs
TEHRAN (Shana) – The director of production at the National Iranian South Oil Company (NISOC) announced the technological needs of his company.
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NIOC to Sell 6 mb of Crude Oil, Gas Condensate at IRENEX
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to sell 6 million barrels of heavy and light crude oil and gas condensate at the international floor of the Iran Energy Exchange (IRENEX).
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Iran Eyes 1mbd Crude Output in West Karoon
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country expected to bring crude oil production to 1 million barrels per day in West Karoon Fields.
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$40b Investment Up for Grabs in Iran Petchem Industry
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said there were opportunities to invest by up to 40 billion dollars in the country’s petrochemical industry.
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TPC Eyes Enhanced Output by Accessing Fresh Feedstock Source
TEHRAN (Shana) – A project has been launched in the north western city of Miandoab to link Tabriz Petrochemical Company (TPC) to West Ethylene Pipeline which will enhance the plant’s output remarkably.
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Simultaneous Loading of South Pars Phase 13 Platforms
TEHRAN (Shana) -- The operation of loading two platforms belonging to Phase 13 of the South Pars gas field ended on Monday at the yard of Iran Marine Industrial Company (SADRA).