Iran
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Biggest industrial Cooling Water Transmission System Overhauled
TEHRAN (Shana) -- The Mobin Energy Persian Gulf Company has successfully carried out overhaul of the largest cooling water transfer system for equipment in the country's industries for the first time since the establishment of petrochemical companies in Pars region.
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Iran ends Gas Odorant Monopoly of Foreigners
TEHRAN (Shana) -- The CEO of the Iranian Gas Engineering and Development Company (IGEDC) announced the end of the monopoly of foreign countries in the production of gas odorant.
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Active Presence of Oil Firms in Iran Exclusive Turkmenistan Fair
TEHRAN (Shana) -- Oil companies will actively participate in Iran's exclusive exhibition in Turkmenistan, which is to be held in December.
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2mcm Gas Recovered in South Zagros
TEHRAN (Shana) -- The head of the exploitation engineering department of the South Zagros Oil and Gas Production Company said by conducting specialized and monitoring operations and tests 2 million cubic meters of gas were recovered daily in South Zagros.
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Exploration Activities of NIOC to Go beyond Iran Borders
TEHRAN (Shana) -- The Director of Exploration of the National Iranian Oil Company (NIOC) announced the development of the activities of the Ministry of Petroleum in the overseas sector, focusing on exploration activities and providing equipment.
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Petchems Accounting for 39.6% of Non-Oil Exports
TEHRAN (Shana) -- The Secretary General of the Petrochemical Industry Employers Association announced the share of petrochemical producers in non-oil exports at 39.6% in the first half of the current calendar year, which began on March 21.
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Iran Crude Price up for Asian Market
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has raised the official crude oil selling price for Asian customers in December.
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GOGPC Recovers 225kb Oil by Skid-Mounted Processing Devices
TEHRAN (Shana) -- The CEO of Gachsaran Oil and Gas Production Company (GOGPC) said the company managed to recover 225,000 barrels of crude oil by using skid-mounted crude oil processing devices.
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Parsian Gas Refinery Ready for 60 mcm/d Output
TEHRAN (Shana) -- The CEO of Parsian Gas Refining Company stated that the plant is responsible for about 8% of the country's total gas output, and added that the production of Parsian Refinery reaches 60 million cubic meters per day (mcm/d) in winter.
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Bidboland Refinery Boosts Output
TEHRAN (Shana) -- The CEO of Bidboland Gas Refining Company announced that this compound, with a 22% rise in gas production capacity compared to the same period last year and carrying out overhauls in various parts of the refinery and Masjid Suleiman Refinery as a subsidiary of this company, is fully prepared to receive maximum feedstock and stable production of gas in winter.
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Era of Crude Oil not Over: Official
TEHRAN (Shana) -- The Director of Development and Engineering Affairs of the National Iranian Oil Company (NIOC) emphasized that the era of crude oil has not ended and that this energy carrier is still well received in the world.
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TPC Bracing for Strong Presence in Polymer Market
TEHRAN (Shana) -- Tabriz Petrochemical Company (TPC) has launched a polypropylene unit with an annual capacity of 30,000 tons with $20 million of investment, which will undoubtedly increase the company’s weight in the world of polymer competition.
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1st Petchem Consortium to Develop Iran Gas Fields
TEHRAN (Shana) – An Iranian petrochemical consortium has started operations to develop gas fields in the country, said the Secretary General of the Petrochemical Industry Employers Association.
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Minister Voices Support for Petchem Industry
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji voiced the Iranian Ministry of Petroleum’s all-out support for the completion of the petrochemical value chain.
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Condensate Revenues to be dwarfed by Petchem Income: Official
TEHRAN (Shana) – Iran’s petrochemical industry will rake in millions of dollars once new petrochemical compounds come online in the country by 2025, which will dwarf revenues from export of gas condensate, a senior oil official said.
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IOOC to Entrust Drilling of 21 Wells to KBCs
TEHRAN (Shana) – The CEO of the Iranian Offshore Oil Company (IOOC) said his company is in talks with several knowledge-based companies (KBCs) to entrust them with the drilling operations of 21 offshore wells.
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POGC to Drill 35 new Wells in South Pars
TEHRAN (Shana) -- Pars Oil and Gas Company (POGC) is planning to spud 35 new wells in the supergiant South Pars gas field to enhance and maintain gas production in the massive joint field.
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NISOC Output to hit 3.28 mbd by 2027
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the company is planning to bring its daily production capacity to 3.28 million cubic meters by the next 5 years.
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Extension of Iran Gas Export Deal to Iraq on Agenda
TEHRAN (Shana) -- The CEO of the National Iranian Gas Company (NIGC) announced the start of negotiations between Iran and Iraq regarding the continuation of gas exports to the latter.
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Petchem Feedstock Challenges Solvable with NIOC, NIGC Support: CEO
TEHRAN (Shana) – The CEO of the National Petrochemical Company announced the interaction and cooperation between National Iranian Oil Company (NIOC) and National Iranian Gas Company (NIGC) in order to solve the challenges of providing feedstock for petrochemical companies.
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Iran Eyes 15-40% Oil Output Rise by EOR
TEHRAN (Shana) -- The integrated planning director of the National Iranian Oil Company (NIOC) said by applying EOR and IOR methods the country’s petroleum production could increase by 15 to 40 percent.
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EOR Contract to be Signed with Iran Developers
TEHRAN (Shana) -- The director of monitoring oil and gas production of the National Iranian Oil Company said: "Soon the contract to enhance recovery of oil and gas wells will be signed with domestic companies."
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Gas turbine parts of Sarkhoun, Qeshm Refinery Localized
TEHRAN (Shana) -- The supervisor of Sarkhoon and Qeshm Gas Refining Company said the plant’s staff had been able to domestically manufacture parts of the gas turbines used in the refinery.
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South Pars Phase 11 Gas Available by Winter
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the ongoing negotiations for the development of the Iranian oil market, and said: "Oil exports have improved in recent months, but we are negotiating with new and old customers to develop the market."
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Tondgouyan Petchem Plant Breaks PET Output Record
TEHRAN (Shana) -- The head of Shahid Tondgouyan Petrochemical Compound announced the historical production record of 756,000 tons of polyethylene terephthalate since the beginning of the current calendar year, which began on March 21
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Petchem Industry: Savior of Iran Economy under Sanctions
TEHRAN (Shana) -- At the peak of the sanctions, Iran's petrochemical industry earned more than $54 billion for the country, and on average, 80% of the export income of this industry has returned to the country's economic cycle through the NIMA FOREX system.
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Russia, Iran Firms to Build Joint Pipeline
TEHRAN (Shana) -- The CEO of Sina Energy Gostar Holding, affiliated to Mustazafan Foundation, said the holding was planning to build a pipeline for the transfer of petroleum products with support from Russian companies.
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Construction of Petchem Parks Key to Support KBCs: CEO
TEHRAN (Shana) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said: “With the launch of petrochemical parks, the slogan of the year (production, knowledge-based activities and job-creation) will be realized in the true sense because these parks will bring employment, value creation and modern technology to the country.”
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Use of Overseas Refineries Weakens Designs of Iran Enemies: Ex-Official
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company said: "The development of using the empty capacity of offshore refineries by the 13th administration can weaken the enemy's plan to reduce oil revenues."
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Bandar Imam Petchem Output Mix to hit 40 Items in 5 Years
TEHRAN (Shana) -- The CEO of Bandar Imam Petrochemical Company announced the increase of the company's products from the current 31 to 40 items in the next five years.