Iran

  • Fire Contained at Phase 11 Drilling Rig

    Fire Contained at Phase 11 Drilling Rig

    TEHRAN (Shana) – A small fire in the drilling rig of phase 11 of South Pars was quickly contained without any casualties.

  • ICOFC Receives Energy Management System Certification

    ICOFC Receives Energy Management System Certification

    TEHRAN (Shana) – The Iranian Central Oil Fields Company (ICOFC), as the largest producer of gas in the country's land fields, has received the standard certification of energy management system (ISO50001: 2018) for observing international standards while boosting its productivity.

  • Amirkabir Petchem Plant Breaks 10-Year Production Record in Farvardin

    Amirkabir Petchem Plant Breaks 10-Year Production Record in Farvardin

    TEHRAN (Shana) -- Amirkabir Petrochemical Plant broke its 10-year production record in the month of Farvardin (the first month in the Iranian calendar year which began on March 21).

  • 1st Gas Sweetening Train of South Pars Phase 14 Refinery Online by July

    1st Gas Sweetening Train of South Pars Phase 14 Refinery Online by July

    TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company said the first gas sweeteners of phase 14 of South Pars gas field will be handed over to the start-up group in July.

  • Tehran, Ashgabat Discuss Enhanced Oil Ties

    Tehran, Ashgabat Discuss Enhanced Oil Ties

    TEHRAN (Shana) -- Strategies for expanding oil cooperation between Iran and Turkmenistan were discussed at a meeting between the CEO of the Caspian Oil Company and the Ambassador of Turkmenistan to Iran.

  • Zangeneh Receives Iraqi Electricity Minister

    Zangeneh Receives Iraqi Electricity Minister

    TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh had a meeting with the visiting Iraqi Electricity Minister Majid Mahdi Hantoush to discuss methods to settle Iran's gas money demands from Iraq.

  • Iran, Iraq Discuss Gas Debt Arrears in Tehran Meeting

    Iran, Iraq Discuss Gas Debt Arrears in Tehran Meeting

    TEHRAN (Shana) -- Senior government ministers from Iran and Iraq held a meeting in Tehran to discuss arrears on a multi-billion dollar debt Iraq owes to Iran for imports of natural gas in recent years.

  • Iran says more in Control of Oil Sales

    Iran says more in Control of Oil Sales

    TEHRAN (Shana) – First Vice President Eshaq Jahanigiri said Iran has tried to neutralize the impact of the sanctions and has gained a lot of control over its oil sales.

  • Gas Transmission Record Smashed

    Gas Transmission Record Smashed

    TEHRAN (Shana) -- Being in charge of running more than 37,000 kilometers of pipeline and 86 gas compressor stations, Iran’s gas transmission industry ranks the first in Asia and the Middle East, and the fourth globally behind the US, Russia and Canada. The most important task assigned to the Iranian Gas Transmission Company (IGTC) is to purchase natural gas, ethane, liquefied petroleum gas (LPG) and gas liquids from domestic and foreign suppliers and sell them to domestic customers and export terminals and conduct swap process.

  • Research Role in Petchem Value Chain Development

    Research Role in Petchem Value Chain Development

    TEHRAN (Shana) -- Iran’s petrochemical industry has conducted vast planning alongside building plants in order to bring the country’s output to 100 million tonnes a year. That would push the country to the top technological position in the region.

  • OPEC and non-OPEC Ministerial Meeting highlights importance of ongoing rebalancing efforts

    OPEC and non-OPEC Ministerial Meeting highlights importance of ongoing rebalancing efforts

    VIENNA (Shana) -- The 16th OPEC and non-OPEC Ministerial Meeting of the Declaration of Cooperation (DoC) took place via teleconference on Tuesday, 27 April 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.

  • NISOC Prepared to Enhance Iran Oil Output: CEO

    NISOC Prepared to Enhance Iran Oil Output: CEO

    TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to increase its oil output to a figure beyond the pre-sanctions levels in 2018.

  • 7% Rise in Iran Petchem Output in Farvardin

    7% Rise in Iran Petchem Output in Farvardin

    TEHRAN (Shana) -- The director of production control at the National Petrochemical Company announced a 7-percent increase in the production of various petrochemical products in the first month of the current Iranian calendar year which began on March 21.

  • Iran Self-Sufficient in Benzene Production

    Iran Self-Sufficient in Benzene Production

    TEHRAN (Shana) -- Iran became self-sufficient in the supply of benzene as Bu Ali Sina Petrochemical Plant fully realized the item’s production plan in the previous calendar year which ended on March 20.

  • Euro-5 Petrol Output of Persian Gulf Star Refinery Hits 47ml/d

    Euro-5 Petrol Output of Persian Gulf Star Refinery Hits 47ml/d

    TEHRAN (Shana) -- The CEO of the Persian Gulf Star Oil Company announced the daily production of roughly 47 million liters of petrol whose quality exceeds the Euro-5 standard.

  • Isfahan Refinery to turn into Petro-Refinery

    Isfahan Refinery to turn into Petro-Refinery

    TEHRAN (Shana) – The Deputy Minister of Economy and Commerce and member of the board of directors of Isfahan Oil Refining Company and Isfahan Petrochemical Company said the company has taken a fundamental step to become a petro-refinery by having acquired about 42% of Isfahan Petrochemical Company’s shares.

  • APG Collection Project Starts in Cheshmeh Khosh

    APG Collection Project Starts in Cheshmeh Khosh

    TEHRAN (Shana) -- The director of production at the Iranian Central Oil Fields Company announced the start of executive operation of the project to collect associated petroleum gases (APG) at the Cheshmeh Khosh oil field in the Ilam province, western Iran.

  • E1P6 Well of Esfand Fields Productive

    E1P6 Well of Esfand Fields Productive

    TEHRAN (Shana) -- The SIE-E1P6 well of Esfand offshore oilfield was put into operation with an approximate 2,000 b/d of crude oil production capacity.

  • Oil Facilities Operating Normally despite Quake

    Oil Facilities Operating Normally despite Quake

    TEHRAN (Shana) -- The oil and gas facilities of the National Iranian Oil Company are operating normally and their condition is stable despite a 5.9-magnitude earthquake that hit southern Iran on Sunday, April 18, 2021.

  • No Petchem Facilities Damaged by Genaveh Quake

    No Petchem Facilities Damaged by Genaveh Quake

    TEHRAN (Shana) -- The Director of Health, Safety, Environment and Passive Defense of the National Petrochemical Company said: “The earthquake this morning in Khuzestan and Bushehr provinces did not cause any damage to petrochemical complexes and projects.”

  • Petchem Plant adds 1.3mt/y to Iran Feedstock Capacity

    Petchem Plant adds 1.3mt/y to Iran Feedstock Capacity

    TEHRAN (Shana) -- The CEO of Parsian Sepehr Refining Company said Parsian Sepehr Refining Project is developed to supply 1.3 million tons per year of ethane to olefin units in the petrochemical industry of the country.

  • Sabalan Petchem Plant Ready for Inauguration

    Sabalan Petchem Plant Ready for Inauguration

    TEHRAN (Shana) -- The CEO of Sepehr Energy Holding said that Sabalan Petrochemical Plant will be officially commissioned in the coming weeks as one of the three methanol-producing petrochemical projects of the holding with a capacity of 1,650,000 tons per year.

  • Iran Boosts Petchem Output by 21.5 mt in 1399

    Iran Boosts Petchem Output by 21.5 mt in 1399

    TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country had enhanced its petrochemical production capacity BY 21.5 million tons per year during the calendar year of 1399 which ended on March 20.

  • Iran Launches Major Petchem Projects

    Iran Launches Major Petchem Projects

    TEHRAN (Shana) – Iranian President Hassan Rouhani ordered the official startup of 3 major petrochemical projects via videoconference.

  • South Pars Refinery Processes over 17 bcm of Gas

    South Pars Refinery Processes over 17 bcm of Gas

    TEHRAN (Shana) -- The director of the third refinery of the South Pars Gas Complex (SPGC) said the plant supplied over 17 billion cubic meters of sweet gas last calendar year which ended on March 20.

  • Iran to Launch Major Petchem Projects

    Iran to Launch Major Petchem Projects

    TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) announced the opening of three major petrochemical projects in the country on Thursday.

  • Non-State Oil Industry Research, Technology Fund signs Deals

    Non-State Oil Industry Research, Technology Fund signs Deals

    TEHRAN (Shana) -- The Non-State Oil Industry Research and Technology Fund has signed two contracts for guaranteed purchases and two contracts for venture capital.

  • Maroun Oil/Gas Co. Lifts Output

    Maroun Oil/Gas Co. Lifts Output

    TEHRAN (Shana) -- Enhancing oil production against the backdrop of oil fields’ complexities has always been a major issue of concern for operating companies, sometimes proving costly. The three oil fields - Maroun, Kupal and Shadegan- in southern Iran are among oil fields where oil and condensate production is complicated. Maroun Oil and Gas Production Company (MOGPC) is tasked with oil and condensate production from the three fields.

  • Persian Gulf Star Refinery Rejuvenates Iran Oil Industry

    Persian Gulf Star Refinery Rejuvenates Iran Oil Industry

    TEHRAN (Shana) -- Iran was importing gasoline until two years ago. In 2018, Iran imported up to 4.5 ml/d of gasoline. It is now exporting gasoline to regional and world nations. In light of the commissioning of the Bandar Abbas Condensate Refinery, known as the Persian Gulf Star, Iran became an active exporter of this strategic product during the first seven months of the current calendar year, earning about $1.4 billion in revenue. This report reviews the current condition of gasoline export and diversity in refined petroleum products supplied by the treatment facility.

  • Production Costs Trend as Oil Age Ends

    Production Costs Trend as Oil Age Ends

    TEHRAN (Shana) -- Crude oil extraction and production cost is an effective factor in oil pricing. Such costs vary from one spot to another, depending on the size and availability of oil reserves. Although most oil companies are unwilling to release precise data about oil production costs.However, estimates about costs of extracting oil from active fields in various countries are available. Comparing these costs would be key to analyzing the future of world oil markets. This data would show which countries can keep producing oil, even though in periods when prices keep falling. This issue takes up added significance in light of significant reduction in oil prices over recent years.