Shana

For the second year in a row

Output of Bandar Imam MTBE Unit Exceeds Nominal Capacity

TEHRAN (Shana) – Bandar Imam Petrochemical Company, with its efforts in Kimia Complex, succeeded in achieving maximum production for the second year in a row in its MTBE unit.

3-Phase Oil Separator Tank Localized

TEHRAN (Shana) -- The three-phase oil separator tank has been localized by the Iranian Central Oil Fields Company.

Iran to Launch 5 Petchem Projects in Spring

TEHRAN (Shana) -- The director of projects at the National Petrochemical Company (NPC) said: "Five projects from the second-leap project portfolio of the petrochemical industry will be operational in the spring of the next Iranian calendar year.

Wells Secured in Nowruz Offshore Field

TEHRAN (Shana) -- The final safety operation of the erupted wells No. 5, 6, 7 and 8 in Nowruz offshore field was successfully performed by the diving teams of Khark Underwater Repairs.

Installation of 1st SPM of Jask Oil Terminal Begins

TEHRAN (Shana) -- The head of the Jask oil terminal project said the early operation section of the project is 90% complete, announcing start of the installation of the first single point mooring (SPM) in the Oman Sea.

Managing Director of Energy Holding - Sepehr:

Sepehr Energy Holding Receives 3 Int'l Standards

TEHRAN (Shana) -- The CEO of Sepehr Energy Holding said the holding has implemented the integrated management system, consisting of ISO 9001: 2015, ISO 14001: 2015 and ISO 45001: 2018 standards, in line with its development plans.

Olefin Unit of Bandar Imam Petchem Plant Fully Operational

TEHRAN (Shana) – Bandar Imam Petrochemical Plant has managed for operate its olefin unit at full production tilt by optimizing its feedstock intake and changing the arrangement of the unit’s furnaces.

South Pars Refinery Yields 13 bcm of Gas

TEHRAN (Shana) -- The director of the 11th refinery of the South Pars Gas Complex announced that since the beginning of the current calendar year, which began on March 21, more than 13 billion cubic meters of gas has been produced and processed in the facility.

Drilling Operations Under Way at Phase 11

TEHRAN (Shana) -- The CEO of Petropars Group said despite the unfavorable and unstable winter weather conditions in the Persian Gulf, drilling operations of Phase 11 of South Pars Gas Field continue seriously without any interruptions, and so far, 4,180 meters of drilling has been carried out in the project.

Project to Enhance/Maintain Productivity of Zilaei Field Online

TEHRAN (Shana) -- The executive operation of a plan to maintain and enhance production of the Zeilei Field has kicked off.

Is Brent Crude Headed Towards $100 a Barrel?

TEHRAN (Shana) -- Since early December crude oil prices have staged an impressive comeback. Brent crude price has shot up from $40 a barrel in early December to $67.20 on 25 February 2021. The question is how high oil prices are destined to go this year and next.

Zamaninia: OPEC+ Final Decision Was Ideal for April

TEHRAN (Shana) -- The final decision made for April was ideal, Iran’s Governor for OPEC, Amir Hossein Zamaninia, said after 14th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference.

Zangeneh: Oil Market is Stable Currently

TEHRAN (Shana) -- Iran’s Minister of Petroleum, Bijan Zangeneh, said after the 14th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference that there is stability in oil market at present.

OPEC+ Agrees to Keep 18 Members’ Oil Output Unchanged for April

TEHRAN (Shana) -- OPEC and its allies reached a compromise on Thursday on extending the current crude oil output cuts of 18 members for April, allowing Russia and Kazakhstan to raise their production by 150,000 bpd.

14th OPEC+ Meeting Begins

TEHRAN (Shana) -- The 14th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) began a few minutes ago.

Minister Rejoices over Iran Activities in Joint Oil Fields

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s current status in joint oil and gas fields is favorable, saying the country is currently producing 400,000 barrels per day of crude oil in the West Karoun Oilfields Cluster.

Total Oil Output of Azar Joint Field at 36mb

TEHRAN (Shana) – Iran has so far produced over 36 million barrels of crude oil from Azar join oilfield, the executor of Azar Field’s development project announced.

Rouhani Orders Construction of Key Petchem Project

TEHRAN (Shana) – Iranian President Hassan Rouhani has officially broken grounds for construction of a strategic petrochemical project on Monday morning via videoconference.

Rouhani Launches Azar Oil Field Development Plan

TEHRAN (Shana) – Iranian President Hassan Rouhani signed off on commissioning Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil.

Iran Launches Major Petchem Feedstock Project

TEHRAN (Shana) – Iranian President Hassan Rouhani officially launched the ethane recovery unit of Kangan Petro-Refining Company via videoconference.

Rouhani to Order Construction of Key Petchem Project

TEHRAN (Shana) – Iranian President Hassan Rouhani is scheduled to officially break grounds for construction of a strategic petrochemical project on Monday morning via videoconference.

Iran Bracing to Launch Major Petchem Feedstock Project

TEHRAN (Shana) -- The CEO of Kangan Petro-Refining Company said the ethane recovery unit of the company, which is touted as the largest feedstock supply unit for petrochemicals in the country, will be put into operation soon.

Rouhani to Launch Azar Oil Field Development Plan

TEHRAN (Shana) -- The Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil will be put into operation on Monday, February 29, 2021, in the presence of Iranian President Hassan Rouhani via video conference.

Plant Entrusts Iranian Firm with Building Complex Catalyst

TEHRAN (Shana) -- The CEO of Tondgouyan Petrochemical Company announced signing of a memorandum of understanding with an Iranian knowledge-based company for developing an exclusive "palladium" catalyst.

Iran Bracing for Self-Sufficiency in Urea, Ammonia Catalysts

TEHRAN (Shana) -- The CEO of Hengam Petrochemical Company said the plant has signed deals with Iranian catalyst providers for the supply of the catalysts needed for production of urea and ammonia which will render the country self-sufficient in supply of the items.

Iran to End French Monopoly on "Reformate" Catalyst

TEHRAN (Shana) -- The CEO of Noori Petrochemical Plant referring to an agreement with Iranian knowledge-based companies to localize the catalyst of "CCR" units, announced setting of a new record in production of aromatic items by his company.

OPEC’s 8th International Seminar Postponed to 29-30 June 2022

TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria.