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NPC chief urges energy conservation, highlights value creation from gas
SHANA (Tehran) – The head of Iran’s National Petrochemical Company stressed the need to promote energy conservation, saying the petrochemical industry plays a key role in creating value from natural gas through feedstock use and value-chain development.
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Oil Ministry forms task force to boost production technologies
SHANA (Tehran) – The Oil Ministry has established a special task force aimed at improving oil and gas production methods and tools, as well as developing enhanced recovery technologies, a senior official announced.
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OPEC’s daily oil output up by 478,000 barrels in August
SHANA (Tehran) – According to the Organization of the Petroleum Exporting Countries' latest monthly report, OPEC’s daily oil production increased by 478,000 barrels in August to reach 27.5 million barrels per day.
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NPC launches new product specification system
SHANA (Tehran) – The National Petrochemical Company (NPC) unveiled a new system Wednesday designed to standardize and bring transparency to the technical specifications of its products.
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Tehran, Yerevan discuss expanding energy ties
SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company met with Armenia's economy minister and deputy minister to discuss expanding energy cooperation and developing the trade of oil products between the two countries.
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OPEC at 65: A veteran player faces new challenges
SHANA (Tehran) – The former head of OPEC's petroleum studies department said that while various issues have reduced the cartel's power over time, he believes it will maintain a prominent position for the next 30 years if it makes rational decisions regarding oil and understands its true place in the global energy mix.
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Iran aims to diversify crude sales, boost production with new technology
SHANA (Tehran) - The CEO of the National Iranian Oil Co. (NIOC) on Tuesday emphasized the need to diversify oil sales methods and increase production using new technologies and new technology-based firms.
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OPEC at 65: building on a proud past for a successful future
SHANA (Tehran) - Sixty-five years ago, visionary leaders from five developing nations, namely Abdullah al-Tariki of Saudi Arabia, Juan Pablo Perez Alfonzo of Venezuela, Fuad Rouhani of Iran, Tala’at al-Shaibani of Iraq, and Ahmed Sayed Omar of Kuwait, founded OPEC at the historic Baghdad Conference from 10 to 14 September 1960.
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Successful launch of internal fuel network
SHANA (Tehran) – The head of energy management at the Tehran Oil Refining Company announced the successful launch of the country’s first internal refinery fuel network, stating it has created a secure, fast, and independent infrastructure for exchanging fuel consumption data within the refinery's internal platform.
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South Pars gas field production capacity increases
SHANA (Tehran) – The CEO of Pars Oil and Gas Company announced the commissioning of the ninth well at Phase 11 of the South Pars gas field, stating that its launch has increased the phase's gas production capacity to more than 22 million cubic meters per day.
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Nowruz Oil Field production increases with offshore cable operation
SHANA (Tehran) – Oil production from the Nowruz field has increased by 1,500 barrels per day following the completion of a complex offshore power cable operation, according to an Iranian offshore oil company official.
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Petrochemical sector key to national economy amid sanctions
SHANA (Tehran) – The petrochemical industry is central to supporting the national economy, said the secretary-general of the Petrochemical Industry Employers Association.
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Persian Gulf Holding takes major strides to complete value chain
SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Co. said the petrochemical industry holds a distinguished place in the national economy, stating that the holding company has taken major strides toward reducing the sale of raw materials and producing diverse products by implementing large development projects and moving to complete the value chain.
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Iran to ratify first private petchem contract for gas field development
SHANA (Tehran) – The first petrochemical contract for the development of gas fields will be ratified soon, the CEO of the National Petrochemical Company said Monday.
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Iran aims to boost polymer production to 16m tons by 2028
SHANA (Tehran) – The production capacity of polymer products is projected to reach 16 million tons by the end of Iran's Seventh Development Plan (2028), according to the CEO of the National Petrochemical Company.
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IranPlast exhibition sets record for domestic participation
SHANA (Tehran) – The IranPlast exhibition set a new record for domestic participation this year, the event’s manager said Monday.
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IranPlast 2025 expo kicks off in Tehran
SHANA (Tehran) – The 19th IranPlast International Exhibition opened on Monday, at the Tehran Permanent International Fairgrounds.
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Eight OPEC+ states announce additional voluntary adjustments
SHANA (Tehran) – The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on September 7, 2025, to review global market conditions and outlook, according to opec.org.
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Leader: Greater activity required for oil exports
SHANA (Tehran) – Ayatollah Seyyed Ali Khamenei, the Leader of the Islamic Revolution, met with President Masoud Pezeshkian and members of the cabinet on September 7, 2025, at Imam Khomeini Hussainiyah of Tehran, according to khamanei.ir.
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Power plants lead weekly gas consumption with 303 mcm daily average
SHANA (Tehran) — Power plants remained the largest consumers of natural gas in Iran during the second week of Shahrivar (Aug. 30–Sept. 5), using an average of 303 million cubic meters per day, according to official data.
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Unprecedented growth ahead for Iran’s petchem industry by 2028
SHANA (Tehran) – The capacity of Iran’s petrochemical industry is set to jump by 35 million tons, reaching 131.5 million tons by the end of the Seventh Development Plan through the completion of 66 projects. This growth will not only expand output but also significantly enhance Iran’s global position in the sector.
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Fourth drilling rig begins operations at Sepehr, Jofeir fields
SHANA (Tehran) – The project manager for the development of the Sepehr and Jofeir oil fields announced that the fourth drilling rig, named "MAPNA Nour-2," has begun operations to accelerate progress on the national development project.
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PGSOC adds 2m barrels of storage capacity
SHANA (Tehran) – The CEO of Persian Gulf Star Oil Company announced the construction of two new 1-million-barrel storage tanks. With the addition of these tanks, the storage capacity for feedstock at the world's largest gas condensate refinery has increased by 2 million barrels.
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Market Governance to be Redefined
SHANA (Tehran) - Transporting oil to refineries, refining operations and distribution of refined petroleum products across the country, building treatment facilities, pipelines and telecommunications networks used to be done in an un-centralized manner, but in 1991, these activities became integrated with the establishment of National Iranian Oil Refining and Distribution Co. (NIORDC). After 35 years, NIORDC stands at a point to make its supply chain smart, in which case, AI can be instrumental in boosting productivity, reducing risk, uncovering smuggling and preventing fuel waste. Farzad Barzegar, advisor to the CEO of NIORDC in digital transformation, told “Iran Petroleum” that the company is set to launch its monitoring center soon.
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IranPlast exhibition opens Monday, featuring over 760 companies
SHANA (Tehran) - The 19th IranPlast International Exhibition opens tomorrow, Monday, Sept. 8, at the Tehran Permanent International Fairgrounds. The four-day event will feature more than 700 domestic and 67 foreign companies.
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National roadmap needed to address plastic pollution
SHANA (Tehran) – The head of the policy council for the conference “Plastic Pollution Crisis: New Challenges and Opportunities” stressed the need for a national roadmap to strengthen Iran’s position in petrochemical industry development while protecting the environment.
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Financial support, tech transfer key to success of Global Plastic Pollution Treaty
SHANA (Tehran) – The Deputy Minister for International Affairs and Trade at the Ministry of Oilstated that plastic is not inherently polluting; rather, it is mismanagement that creates true waste. He emphasized that the plastic pollution treaty can only succeed if real financial support and technology transfer are provided to developing countries.
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Active participation of petchem industry paves way for environmental pollution reduction
SHANA (Tehran) – The head of the Department of the Environment stated that the country's petrochemical industry has recognized the inevitability of moving towards environmental conservation. She expressed optimism about the active involvement of the petrochemical sector, hoping that this initiative would lead to positive outcomes in reducing pollution.
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Developed countries hold the lion's share for plastic pollution crisis
SHANA (Tehran) – The CEO of the National Petrochemical Company stated that developed countries have the greatest responsibility for the plastic pollution crisis and, therefore, must be committed to addressing the issue, emphasizing that the global plastics treaty should focus on the transfer of technologies for recycling and waste management.
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Implementation of 800 technical operations on wells in eight oil fields
SHANA (Tehran) – The managing director of Aghajari Oil and Gas Production Company announced that 800 technical and engineering operations have been carried out by the company’s technical affairs and operations management units on oil wells across its eight fields.