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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.
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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.
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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.”
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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.
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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.
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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.
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Iran Launches Major Petchem Projects
TEHRAN (Shana) – Iranian President Hassan Rouhani ordered the official startup of 3 major petrochemical projects via videoconference.
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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.
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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.
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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.
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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.
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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.
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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.
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Iran to Launch Plants for Key PP, PE Catalysts Production
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) announced the official inauguration of two plants for production of polypropylene and heavy polyethylene catalysts in a few weeks with the technical knowhow provided by the Petrochemical Research and Technology Company (PRTC).
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Iran OPEC Boss Meets Sec. Gen. Barkindo
VIENNA (Shana) – Iran’s OPEC Governor Amir Hossein Zamaninia met with HE Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), in Vienna on Thursday to discuss ideas concerning Iran’s return to the global oil market.
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Much of High-Tech Petchem Equipment Built Domestically: CEO
TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said a large part of the high-tech equipment needed in the petrochemical industry is supplied domestically.
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NIOC Eyes Capturing 1,6 bcf/d of APG: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the company has plans to collect associated petroleum gas (APG) by 1.6 billion cubic feet per day in the operational areas of Khuzestan and Ilam provinces.
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Refining Industry Shines in 1399
TEHRAN (Shana) -- The calendar year of 1399 (which ended on March 20) can be called the year of the country's refining industry with the fourfold growth of oil products exports and Iran's joining the gasoline exporters club.
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Refiner Awards €165m Deals to Local Firms to Capture Flared Gas
TEHRAN (Shana) – Persian Gulf Bidboland Gas Refinery has signed 3 contracts valued at a total of €165 million with local firms for the manufacture of a plant to capture flared gas and convert it into usable fuel.
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15th OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 15th OPEC and non-OPEC Ministerial Meeting Ministers was held via video conference on Thursday April 1, 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.
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Zangeneh: Oil Demand Has not Reached 2019 Levels
TEHRAN (Shana) -- Oil demand is expected to grow by 5.6 million bpd as business activities would recover, however, it has yet to reach 2019 levels, said Iran’s Minister of Petroleum, Bijan Zangeneh, on the sidelines of the 15th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference.
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OPEC+ Agrees Gradual Easing of Crude Oil Cuts
TEHRAN (SHANA) -- OPEC and its allies reached a consensus on Thursday on easing crude oil output cuts by 350,000 bpd for May and June, and by 450,000 bpd as of July.
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15th OPEC+ Meeting Kicks Off Online
TEHRAN (Shana) -- The 15th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping called OPEC+, began a few minutes ago via video conference.
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DoC Joint Technical Committee Convenes 50th Meeting
VIENNA (Shana) -- The Joint Technical Committee (JTC) held its 50th meeting via videoconference to examine oil market developments and related trends.
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Goreh-Jask Oil Pipeline Project 80% Complete: CEO
TEHRAN (Shana) – The CEO of the Petroleum Engineering and Development Company (PEDEC) said the Goreh-Jask national crude oil transfer project has for far progressed 80%.
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Iran Yearly Gas Output Up 6%
TEHRAN (Shana) -- The Deputy Director of Dispatching Operations at the National Iranian Gas Company (NIGC) announced a 6% increase in Iran’s annual sweet gas production.
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Drilling Industry Turns 41 in Iran
TEHRAN (Shana) -- December 21 marks National Drilling Day in Iran. National Iranian Drilling Company (NIDC) was established on December 21, 1979. The company started its work with 6 drilling rigs.
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China Silent on Yadavaran Phase 2 Development
TEHRAN (Shana) -- The manager of Yadavaran oil field development has said that the Chinese have not presented any suggestions for the second phase development of the Yadavaran field. He said that the production capacity of this field had increased in the past one year, but the Chinese had not offered any plans for the project. He said Iran would not wait for the Chinese to develop the second phase of this field.
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Iran Prepared to Return to World Oil Markets: CEO
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said Iran is prepared the return to the global oil markets given enhancement of oil production in the company.
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Arvand Petchem Plant Registers New Production, Profitability Records
TEHRAN (Shana) -- Arvand Petrochemical Plant, as one of the largest PVC production chains in the world, succeeded in breaking production and profitability records in the current calendar year, which began on March 21, 2020.