Iran
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No Feet-Dragging at West Karoun Oil Output
Yadavaran Output Capacity Set to Grow
TEHRAN (Shana) -- Touraj Dehqani, CEO of Petroleum Engineering and Development Company (PEDEC), has said the company plans to increase production from the Yadavaran oil field. He also told Iran Petroleum that Iran was in talks with China’s Sinopec for the second phase development of the Yadavaran field. He noted that in case the Chinese company shows no willingness to develop this field, PEDEC would drill 25 wells in order to add 50,000 b/d to the field’s output.
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Karoon Petchem Plant to Diversify Output Portfolio
TEHRAN (Shana) -- The CEO of Karoon Petrochemical Company said his company had plans to unveil new items within the next 6 months which would enhance the firm’s profitability and competitiveness in the world market.
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Tondguyan Petchem Plant Plans to Break Production Record
TEHRAN (Shana) – The CEO of Tondguyan Petrochemical Company said the company had already fulfilled 85% of its planned output, adding the company was bracing to break its production record by the end of the current calendar year to March 20.
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Iran Eyes 1bcm Gas Output: Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said measures had been taken to bring Iran’s natural gas production capacity to 1 billion cubic meters per day by next Iranian calendar year which begins on March 21.
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Azadegan Up for Investment
TEHRAN (Shana) -- The Azadegan oil field is Iran’s largest oil field and the third largest field in the world, just behind Saudi Arabia’s Ghawar and Kuwait’s Burgan oil fields. Azadegan was discovered in 1997. It covers an area of 20 kilometers in width and 75 kilometers in length in Azadegan Plan, some 100 kilometers west of the city of Ahvaz. Azadegan was initially estimated to hold 33 billion barrels of oil. In 1999, a new oil layer with 2.2 billion barrels was discovered in this field. Azadegan is divided into South Azadegan and North Azadegan.
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Petchem Value Chain Completion Envisaged
TEHRAN (Shana) -- A total of 15 petrochemical plants are affiliated with the Persian Gulf Petrochemical Industries Company (PGPIC). The plants account for 40% of Iran’s petrochemical exports. Although PGPIC has been under US sanctions, it continues to export petrochemicals. Furthermore, petrochemical production plants are coming online one after another.
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Iran Oil ‘Takes Off’ for Mastering Technology
TEHRAN (Shana) -- Iran’s petroleum industry has accelerated its development after dealing with tough conditions of sanctions over a decade and going into ups and downs. Nationalization of technical knowhow and acquisition of cutting-edge technologies have always constituted a major cause of concern for Iran’s petroleum industry. That has gathered steam in recent years thanks to efforts made by Petroleum Ministry managers in meeting the country’s needs and making maximum use of domestic capabilities.
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NIDC Drillings Hit 132,000 Meters in 10 Months
TEHRAN (Shana) -- National Iranian Drilling Company has announced it successfully drilled over 132,000 meters of oil and gas wells over the course of the past 10 months.
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South Pars Condensate Storage Capacity at 3.5 mb
TEHRAN (Shana) -- The South Pars gas condensate storage and metering project manager announced the increase in storage capacity of gas condensate in the field to 3.5 million barrels.
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Fate of Most Iran Joint Oil, Gas Fields Determined: NIOC
TEHRAN (Shana) -- National Iranian Oil Company (NIOC) says the development activities of the company in the joint fields of West Karoon and South Pars are seriously being pursued and their results are evident.
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Wellhead Platform Loaded for Salman Oilfield
KHORRAMSHAHR (Shana) -- The S1 Platform of Salman Oilfield, built by relying on domestic capabilities, has been loaded from Khorramshahr Yard.
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Loading Phase 14 Platform
TEHRAN (Shana) -- The last offshore platform belonging to Phase 14 of the South Pars Gas Field has been loaded at the yard of Iran Marine Industrial Company (SADRA).
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Iran Eyes Enhanced Oil Recovery in Azadegan Joint Field
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said plans were under way to enhance oil recovery factor of the Azadegan joint oilfield in the near future.
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Petropars Developing South Pars Phase 11 Alone
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran's Petropars was developing Phase 11 project of South Pars gas field as CNPC International and Total had fully abandoned the project.
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Iranian Builders Supply 85% of Oil Industry Equipment
TEHRAN (Shana) -- The chairmen of the board of directors of the Iranian Oil Industry Equipment Manufacturers Association said that the share of Iranian manufacturers and craftsmen in the supply of oil industry equipment has reached 85%.
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Iran Saves $1b by Replacing Gasoil Fuel with Gas in Kish Power Plant
TEHRAN (Shana) -- The head of the Iranian Offshore Oil Company’s Kish District said by replacing gasoil with gas in the island’s power plant, the country has saved an equivalent of $1 billion worth of gasoil.
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Iran Boosts Parsi Oilfield Output
TEHRAN (Shana) -- Well #44 of Parsi Oilfield was commissioned and operated using gas lift technique which has increased the field's oil output by 1,000 b/d.
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Iran Self-sufficient in Production of Wellhead Valves
TEHRAN (Shana) -- A member of the Iranian Oil Industry Equipment Manufacturers Association said the country was self-sufficient in production of wellhead valves.
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Sulfur Granulation Unit of Isfahan Refinery Operational
TEHRAN (Shana) -- The sulfur granulation unit of Isfahan Refinery has been put into operation with the purpose of solidification, storage and packaging of sulfur in accordance with environmental standards.
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IOOC Launches PIMS Project
TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has successfully launched its first pipeline integrity management system (PIMS) in the Iranian oil industry.
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1st Iran-Made Turbine Launched for Gas Transmission
TEHRAN (Shana) – The Director of Research and Technology at the National Iranian Gas Company (NIGC) announced commissioning of the first national turbine in the Iranian gas transmission network.
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Persian Gulf Star Refinery among Top 10 Iran Firms
TEHRAN (Shana) – The CEO Persian Gulf Star Oil Company said his company was ranked among the top 10 companies in Iran.
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Petchem Companies Lauded at IMI-100
TEHRAN (Shana) – Petrochemical companies were lauded at the 22nd top 100 Iranian companies ranking conference (IMI-100).
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Pars Petchem Plant Plans to Smash Output Record
TEHRAN (Shana) – Pars Petrochemical Complex announced it would break its production record by the end of the current Iranian calendar year to March 20.
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Iran Eyes 2mt Petchem Output by Optimizing Production
TEHRAN (Shana) – An Iranian petrochemical official said Iran’s petrochemical production capacity would increase by 2 million tons by tapping unexploited capacities in petrochemical facilities of the country.
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Iran Oil Output from North Azadegan hits 100 mb
TEHRAN (Shana) – Iran’s crude oil production at North Azadegan Joint Oilfield has reached 100 million barrels since 2016.
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Iran Catalyst Output to hit $125m by 2021
TEHRAN (Shana) – Iran’s catalyst output will reach a total of $125 million by 2021, the CEO of Petrochemical Research and Technology Company (PRTC) said.
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Iran Self-Sufficient in Production of Rubber Raw Materials
TEHRAN (Shana) – The CEO of Takht Jamshid Petrochemical Plant said the company’s second phase would render Iran needless of importing the raw materials needed for production of various type of rubber.
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Local Catalysts Reduce Production Cost of Isocyanates by 1/3
TEHRAN (Shana) -- The CEO of Karoon Petrochemical Company said the company's costs would be reduced by one-third with the use of local catalysts.
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IOOC Localizes Wellhead Reducers for SPOL
TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has successfully indigenized the technical savvy for production of wellhead reducer to be used in South Pars Oil Layer (SPOL).