Iran

1st Refinery of Phase 14 Online by November

TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company (POGC) said the onshore refining unit of Phase 14 of supergiant South Pars gas field would become operational by November 2019.
2019-07-20 15:03
Ferdowsi, Mideast Largest Heavy Oil Field

TEHRAN (Shana) -- The Ferdowsi oil field in the Persian Gulf is among the Middle East reservoirs with about 37 billion barrels of heavy crude oil.
2019-07-20 10:28
Changuleh Oil Field Up for Investment

TEHRAN (Shana) -- The Changuleh oil field, which is located in western Iran, is among fields envisaged by National Iranian Oil Company (NIOC) for development. After the new model of oil contracts, known as the Iran Petroleum Contract (IPC), was unveiled, Changuleh was among oil fields introduced for foreign investment. NIOC plans to develop Changuleh in two phases.
2019-07-20 10:16
Iran Crude Oil Refining Capacity Growing

TEHRAN (Shana) -- The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) has said Iran’s crude oil and gas condensate refining capacity has increased from 1.55 mb/d in 2017 to 2.15 mb/d.
2019-07-20 10:11
Project to Enhance Sa’adat Abad Oilfield Commences

TEHRAN (Shana) – A project to maintain and enhance oil production at Sa’adat Abad oil field has begun with the aim of increasing the field’s crude oil output by 3,000 b/d.
2019-07-17 16:27
US to Fail in Stopping Iran Oil Exports: Veep

TEHRAN (Shana) -- First Vice President Eshaq Jahangiri said: “Despite the fact that the country’s revenues and budget have been influenced by US sanctions, Washington’s efforts to bring Iran’s oil exports to zero will not be a success.”
2019-07-17 15:56
AOGPC Builds Key Turbine Item Domestically

TEHRAN (Shana) -- The CEO of Aghajari Oil and Gas Production Company (AOGPC) said his company had developed parts of a Solar Turbines turbine which had saved the country IRR 100 billion.
2019-07-17 15:23
Karoon Petchem Plant Eyes 40% Output Growth

TEHRAN (Shana) – Karoon Petrochemical Plant has devised a plan which would enhance its output by 40 percent once completed.
2019-07-17 13:52
US Oil Output Hike, Challenge to Mideast

TEHRAN (Shana) -- US President Donald Trump’s energy policy has had significant impacts on global markets. Under his administration, the United States has managed to increase its oil production to levels exceeding leading producers Russia and Saudi Arabia.
2019-07-16 12:13
Iran Gas Sector Set for Self-Reliance in Shadow of Sanctions

TEHRAN (Shana) -- Today a major requirement for survival in the tightly competitive market and the blossoming of an industrial enterprise would be to monitor industrial and technological progress, market and rivals as well as development of technology based on potential and practical capabilities of every company. Given the identity of each industrial enterprise, part of these activities is handled by R&D and IT divisions.
2019-07-16 11:58
SP14 Offshore Sector to Come Online

TEHRAN (Shana) -- The offshore section of Phase 14 of the giant offshore South Pars gas field is expected to come on stream late this year. Currently, the two platforms of SP14 are producing 28 mcm/d of gas. The third platform of this phase was loaded out in Bandar Abbas recently and moved to its location at 14B.
2019-07-15 16:14
Iran Petrol Output at 110 ml/d

TEHRAN (Shana) -- Iranian President Hassan Rouhani said Iran was currently producing 110 million tons of petrol domestically which is an unprecedented figure for the country.
2019-07-15 15:35
Plant Breaks Record in IPO

TEHRAN (Shana) -- Noori Petrochemical Plant, whose stocks were quoted in the Iranian stock market in its initial public offering (IPO), broke a new record as over 560,00 traders were involved in trading its shares on Saturday.
2019-07-14 15:52
Iran to Continue Oil Exports Under Any Conditions: FM

TEHRAN (Shana) – Iranian Minister of Foreign Affairs Javad Zarif said the country would continue its oil exports under any conditions.
2019-07-14 15:43
Iran Petchem Exports Ongoing

TEHRAN (Shana) -- Last May, the US shocked the world by unilaterally pulling out of the Joint Comprehensive Plan of Action (JCPOA) and re-imposing sanctions on Iran’s oil and petrochemical industries. The country has since been selling its petrochemicals despite the US-imposed sanctions, says a senior petrochemical official.
2019-07-14 15:37
Domestic Building of 4 South Pars Platforms Saves Iran $150m

TEHRAN (Shana) – Iran has saved as much as 150 million dollars by domestically manufacturing 4 platforms belonging to the massive South Pars gas field.
2019-07-14 15:01
NIOC to Ink 10 Domestic Deals on Production Maintenance, Enhancement

TEHRAN (Shana) – An official with the National Iranian Oil Company (NIOC) said the company was planning to sign ten production maintenance and enhancement contracts with domestic firms within the next two months.
2019-07-13 16:33
Strategies for Presence of Iranian Companies in Iraqi Oil Projects Reviewed

TEHRAN (Shana) -- A number of the heads of industrial chambers in different Iraqi cities, who had visited Tehran to explore cooperation opportunities of Iranian and Iraqi companies, assessed various solutions for the effective entry of Iranian companies in Iraqi oil and gas projects.
2019-07-13 12:30
3rd South Pars 14 Platform Installed

TEHRAN (Shana) -- The third offshore platform belonging to Phase 14 of the supergiant South Pars gas field has been successfully installed.
2019-07-13 12:14
Iran Oil Export Info, War Intelligence: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said disclosing information about Iran’s current oil exports is tantamount to disclosing wartime intelligence as the country is now involved in an economic war.
2019-07-10 15:28
Iran Petchem Output to Reach 90 mt/y by 2022

TEHRAN (Shana) -- First Vice President Eshaq Jahangiri said Iran’s petrochemical production capacity was expected to reach 90 million tons per year from currently 64 mt/y by 2022.
2019-07-10 13:36
Noori Petchem Plant Exports 60% of Output

TEHRAN (Shana) – The CEO of Noori Petrochemical Plant said the plant exported 60 percent of its output.
2019-07-10 13:35
Iran to Build New Petchem Hub in Mahshahr

TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said final decisions regarding construction of a new petrochemical hub in the southwestern region of Mahshahr would be taken soon.
2019-07-10 13:33
Iran NOCs Entrust Comprehensive Studies of Oil Reservoirs to Local Firms

TEHRAN (Shana) -- This May, during the International Tehran Oil Show, the National Iranian South Oil Company (NISOC), among other Iranian oil companies, signed a contract for comprehensive studies on six oil fields.
2019-07-10 10:44
Tehran Continues Legal, Political Measures until Release of Iranian Tanker: Spokesman

TEHRAN (Shana) – Spokesman of the Iranian Ministry of Foreign Affairs Abbas Mousavi said Tehran would continue legal and political measures until the release of the Iranian oil tanker seized by British Marines.
2019-07-08 14:40
Iran no Threat to World Energy Security: Min.

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh, reacting to Saudi energy minister’s recent remarks about Iran being a threat to global energy security, said: “Mr. Falih is a technocrat and a respectable person and does not often speak politically; he must have probably been asked to say such political things.”
2019-07-08 00:30
No Law Supports Seizure of Iran Oil Tanker by British Navy: Official

TEHRAN (Shana) -- Iran's Deputy Foreign Minister Abbas Araghchi described the recent capture of an Iran-flagged vessel by British Royal Marines as “Piracy”, saying, “No law supports capture of the Iranian oil tanker.”
2019-07-07 16:26
SZOGPC Repairs Siemens Turbine

TEHRAN (Shana) – South Zagros Oil and Gas Production Company (SZOGPC) has successfully repaired the VGC Controller of a Siemens turbine by relying on domestic capabilities.
2019-07-06 16:46
NIOC to Sell 2 mb of Crude Oil at Energy Exchange on July 9

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on July 9.
2019-07-06 12:58
Topside of Salman Offshore Fields being Readied for Loading

TEHRAN (Shana) – The topside of Platform S1 of Salaman joint oilfield is being prepared for laoding to its designated offshore spot in the Persian Gulf.
2019-07-03 13:48