Iran
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OPEC 176th Meeting Rescheduled for July 1
TEHRAN (Shana) -- 14 members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to change the date of the upcoming OPEC meeting and the OPEC+ assembly from 25 and 26 of June to June 1 and 2, respectively.
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Gas Storage Facility Receives 5 bcm of Gas in 7 Years
TEHRAN (Shana) -- Serajeh Gas Storage Facility, located in Qom Province in Central Iran, has received over 5 billion cubic meters of natural gas since 2011.
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Iran, Russia Eye Enhanced Energy Ties thru MoU
TEHRAN (Shana) -- Iran and Russia have signed a Memorandum of Understanding on oil and gas cooperation which will bolster the two countries’ energy relations.
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Iran, Russia Sign Energy MoU
TEHRAN (Shana) – Tehran and Moscow signed a Memorandum of Understanding after the third meeting of the Iran-Russia Energy Working Group here in Tehran on Monday.
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Zangeneh Refutes Allegations of Verbal conflict with President Rouhani
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh reacted to recent rumors about his verbal struggle with President Hassan Rouhani, saying those who spread such rumors “are liars.”
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Loading Phase 14 Platform
BANDAR ABBAS (Shana) -- Loading of the third platform of Phase 14 project of the supergiant South Pars gas field.
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Phase I of Hengam Petchem Plant 73% Complete
TEHRAN (Shana) -- The first phase development of Hengam Petrochemical Plant has so far made 73 percent physical progress.
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Window for Abe!
TEHRAN (Shana) -- Shinzō Abe, Japan's Prime Minister, who just played golf with US President Donald Trump in Tokyo two weeks ago, is heading to Tehran this week to broker easing of strained relations between Tehran and Washington.
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Targeting Petchem Companies with Sanctions, Economic Terrorism: Spokesman
TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs condemned imposition of sanctions on Iran's petrochemical companies by the United States, describing it as an example of “economic terrorism”.
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India Refraining from Developing Iran Gas Field due to Sanctions: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said India was not planning to develop Iran’s Farzad B gas field due to sanctions.
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Iran Not to Exit OPEC: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country had no plans to exit the Organization of the Petroleum Exporting Countries (OPEC).
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1st Economic Forum of the Caspian Littoral States Due on August 11, 12
TEHRAN (Shana) -- The first economic forum of the Caspian littoral states will be held on August 11 and 12, with representatives of governments, the private sector, academic communities and a number of international organizations in Turkmenistan’s Awaza.
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Buying Petrol Possible Only by Providing Smart Fuel Card by Aug. 11: NIOPDC
TEHRAN (Shana) – The National Iranian Oil Products Distribution Compnay (NIOPDC) announced in a statement that purchasing petrol by Iranian motorists would only be possible by providing a smart fuel card as of August 11, 2019.
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Master Plan for Downstream Petchem Development Underway
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said the master development plan for downstream petrochemical industries is being prepared.
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Iran, Pakistan in Talks to Implement Gas Pipeline Project
TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said Tehran was taking steps to protect the interests of the two countries (Iran and Pakistan), adding, “we are also in the process of solving problems regarding this issue.”
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Equatorial Guinea President Invites President Rouhani to Upcoming GECF Meeting
TEHRAN (Shana) -- Gabriel Mbaga Obiang Lima, the Minister of Mines and Hydrocarbons of Equatorial Guinea, presented the official invitation of the president of his country to Iranian President Hassan Rouhani for the upcoming meeting of the Gas Exporting Countries Forum (GECF).
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Petchem Plant Breaks Production/Export Record
TEHRAN (Shana) -- Pardis Urea and Ammonia Plant has registered a new production and export record in the calendar year of 1397 which ended on March 20.
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Desalination Unit of Masjed Soleiman
MASJED SOLEIMAN (Shana) -- Desalination Unit of Masjed Soleiman
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Doroud Awaiting Foreign Investment
TEHRAN (Shana) -- Iran’s 2015 historic nuclear deal with the West is known as the biggest important event in the petroleum industry in recent years. The agreement, which was achieved after 10 years of intensive diplomatic talks, cleared the way for the return of Iran’s oil to global markets. Iran intends to take advantage of this opportunity to relaunch ageing oil and gas fields, as well as decrepit petroleum industry infrastructure by attracting Western capital and expertise.
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Arvand Oil Field and $135mn Investment Potential
Until a couple of years ago, development of the oil and gas fields Iran shares with neighboring countries had been slowed due to financial and technical shortages in Iran, thereby helping neighboring nations make big gains.
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Petchem Talks with Foreign Investors Continue
TEHRAN (Shana) -- Despite the United States’ withdrawal from Iran’s 2015 nuclear deal with six world powers, negotiations between Iran’s National Petrochemical Company (NPC) and foreign companies are going on.
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“We will Elude Sanctions for Selling Oil:” Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said Iran would escape the US sanctions to sell its oil.
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NPC Eyes Feedstock Production Enhancement
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said by launching 6 feedstock supply projects, 15 million ton per day would be added to feedstock supply capacity in the country.
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NIDC Localizes Jacking System
TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has launched the localized the elevating System of jack up rigs for Shahid Modaress Marine Drilling Rig in Khark coastal waters.
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Petchem Talks Continue with Foreign Companies: Official
TEHRAN (Shana) – An official with the National Petrochemical Company (NPC) said that the company’s talks with foreign investors and developers were continuing on petrochemical projects in Iran.
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Euro-4 Petrol Distributed in Khuzestan
TEHRAN (Shana) -- The National Iranian Oil Products Distribution Company (NIOPDC) has issued a statement announcing distribution of Euro-4 petrol in three main cities of the southwestern province of Khuzestan.
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Iran Oil Sanctions and Energy Security
TEHRAN (Shana) -- Today, May 19, Saudi Arabia hosts a meeting of OPEC+ monitoring committee to review oil market trends and possibly facilitate decision-making by OPEC members at their ordinary ministerial meeting next month in Vienna. This is the first meeting of OPEC and non-OPEC countries after the US administration decided to end waivers on Iran’s oil purchases since early May and push Iran’s oil exports to zero as a means to achieve its foreign policy objectives.
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Iran Methanol Production Outlook
TEHRAN (Shana) -- The four petrochemical plants of Zagros, Kharg, Fanavaran and Marjan have currently an annual petrochemical production capacity of more than 6.6 million tonnes of methanol. The figure is forecast to reach 25 million tonnes within five years. Many experts view this issue as a bargaining chip for Iran because by supplying 25 million tonnes of methanol on global markets, Iran will have a final say on the pricing of this much-desired substance.
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Iran Oil Sanctions & Russia; Propaganda & Realities
The US policy of exerting maximum pressure on Iran for the alleged goal of bringing the country’s oil exports to zero has sent shockwaves all across world markets. In the meantime, one may wonder which nations are benefiting from this policy by substituting Iran in the market.
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RIPI Focused on Downstream Catalyst Production
TEHRAN (Shana) -- An official with the Research Institute of Petroleum Industry (RIPI) said the institute was determined to produce various kinds of catalysts used in downstream operations.