Iran

  • What Iran Has in Common with Uruguay and Nicaragua

    What Iran Has in Common with Uruguay and Nicaragua

    TEHRAN (Shana) -- Latin America comprises 20 developing countries with a population of about 650 million people, maintaining good relations with Iran and seeking better ties. The region's economic size is significant, with Latin America's gross domestic product (GDP) estimated at $5 trillion by 2020. In terms of energy, about 20% of the world's oil reserves are located in this region which is considered a large market for international energy transactions. Some Latin American countries, including Venezuela, have significant oil reserves and are important oil producers. They also have large international oil companies such as PDVSA and Pemex, which operate in the global oil market and facilitate exchanges and joint ventures in the oil and gas industry. In general, the economic and energy indicators of this region indicate that there is great potential for development and the desire of the countries in this region to expand relations with non-US and European countries has provided good opportunities for development of ties with Iran.

  • Energy Security Redefined

    Energy Security Redefined

    TEHRAN (Shana) -- European Union unanimously decided to impose sanctions on seaborne crude oil deliveries from Russia. Europe’s energy future is now woven by hasty opportunistic policies using Russian- Ukraine conflict as a new crowbar to open the door to dismantled US Northern Atlantic alignment and flawed energy transition policies.

  • Ten Fields of Iran, Cuba Energy Cooperation

    Ten Fields of Iran, Cuba Energy Cooperation

    TEHRAN (Shana) -- Iran’s Minister of Petroleum Javad Owji during his trip to Latin America in May, met with Cuban President Miguel Díaz-Canel and signed two memoranda of understanding on energy and agriculture. Mehdi Safari, Iran's deputy foreign minister for economic diplomacy, considers bartering with Cuba very instrumental in the relations between the two countries.

  • Petropars Key in Iran Oil Industry 

    Petropars Key in Iran Oil Industry 

    TEHRAN (Shana) -- Petropars has a major share in developing Iran’s joint oil and gas fields. The company’s CEO has been outspoken in explaining the company’s status in developing phase 11 of South Pars gas field, Bilal, Farzad B, Forouzan, and South Azadegan fields and cooperation with Latin American firms. So far, the Iranian major has implemented around $27 billion worth of projects.

  • Iran to Export $2.5b CNG Technical, Engineering Services to Nigeria

    Iran to Export $2.5b CNG Technical, Engineering Services to Nigeria

    TEHRAN (Shana) -- A member of the CNG Trade Union of Iran announced the export of 2.5 billion dollars of CNG technical and engineering services to Nigeria in the near future.

  • Min. Stresses Need to Boost Refining Capacity

    Min. Stresses Need to Boost Refining Capacity

    TEHRAN (Shana) -- Emphasizing the investment in the construction of refineries and petro-refineries in the country, the Iranian Minister of Petroleum said: “The refining capacity in the country should be enhanced.”

  • LPG Storage, Loading Facility, Export Chain Online in Assalouyeh

    LPG Storage, Loading Facility, Export Chain Online in Assalouyeh

    BUSHEHR (Shana) – A liquefied petroleum gas (LPG) storage and loading facility and the complete export chain of the item were put into operation with foreign investment and a billion dollars of investment in Assaluyeh, southern Iran.

  • $100m FDI to Build LPG Export Terminal

    $100m FDI to Build LPG Export Terminal

    TEHRAN (Shana) – The CEO of the National Iranian Oil aCompany (NIOC) said a foreign direct investment (FDI) of 100 million dollars has been allocated for establishment of a liquefied petroleum gas (LPG) export terminal in Iran.

  • Iran to become PP Heavyweight

    Iran to become PP Heavyweight

    TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said that the country was to launch 12 PDH projects which will turn it into a major producer of polypropylene (PP).

  • Building PDH/PP Projects Creates Jobs for 5k

    Building PDH/PP Projects Creates Jobs for 5k

    TEHRAN (Shana) -- The CEO of Tadbir Energy Development Group said that employment for 5,000 people will be created during implementation of the Parsian Sepehar PDH/PP project.

  • Iran LPG Export Grows 20% under Raisi

    Iran LPG Export Grows 20% under Raisi

    TEHRAN (NIPNA) – The Iranian Minister of Petroleum said Iran’s export of liquefied petroleum gas (LPG) saw a 20% rise in the first year of President Raisi’s office compared to a year earlier.

  • 80,000 b/d Growth in Iran Gas Condensate Sweetening Capacity

    80,000 b/d Growth in Iran Gas Condensate Sweetening Capacity

    TEHRAN (Shana) – Inauguration of the first condensate sweetening and demercaptanization unit of phases 2 and 3 of South Pars enhance the gas condensate sweetening capacity by 80,000 barrels and strengthen the export infrastructure of this item.

  • Demercaptanization Unit of South Pars Refinery Phases 2, 3 Online

    Demercaptanization Unit of South Pars Refinery Phases 2, 3 Online

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji officially launched the demercaptanization unit of South Pars Refinery Phases 2 and 3 which was build with €74 million of investment.

  • Iran Gas Export Revenue up 64% under Raisi

    Iran Gas Export Revenue up 64% under Raisi

    TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) said the country’s gas export revenue rose by 64% in the first year since President Raisi took office in September 2021.

  • Spell of Phase 11 Gas Production to Be Broken in Winter

    Spell of Phase 11 Gas Production to Be Broken in Winter

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced that the spell of gas production from South Pars phase 11 development project will be broken this winter after 20 years of exchanging contracts on paper.

  • Owji Receives Russian Presidential Aide

    Owji Receives Russian Presidential Aide

    TEHRAN (Shana) -- Iranian Minister of Petroleum Javad Owji met with Igor Levitin, the visiting Russian president's senior aide, in his Tehran office on Wednesday.

  • Owji hosts Meeting with Fellow OPEC Member

    Owji hosts Meeting with Fellow OPEC Member

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: “Iran and Nigeria enjoy many capacities that they can use in the future to expand bilateral relations in the field of energy.”

  • Iran Starts LPG Export in Bandar Abbas

    Iran Starts LPG Export in Bandar Abbas

    TEHRAN (Shana) -- Exploiting the marine export plan of liquefied petroleum gas (LPG) has prevented the annual waste of 2,000 tons of LPG that was burned in the past, and in addition, it will bring the country up to $360 million dollars of income annually.

  • Iran to Export Technical, Engineering Services, Urea to Nigeria

    Iran to Export Technical, Engineering Services, Urea to Nigeria

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: “Iran and Nigeria enjoy many capacities that they can use in the future to expand bilateral relations in the field of energy.”

  • Iran, Russia to Sign Gas Deal Soon

    Iran, Russia to Sign Gas Deal Soon

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said constructive negotiations are going on with the special assistant of the President of Russia, adding: "In the very near future, the final contract for the purchase and swap of gas from Russia will be signed between the National Iranian Gas Company (NIGC) and the Russian side in Moscow."

  • Iran Eyes $18b in Petchem Revenue

    Iran Eyes $18b in Petchem Revenue

    TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said the country’s petrochemical revenues is planned to hit $18 billion in the current calendar year, which began on March 21.

  • Development of Sohrab Joint Oilfield to Start Soon

    Development of Sohrab Joint Oilfield to Start Soon

    KHUZESTAN (SHANA) – The CEO of the National Iranian Oil Company (NIOC) said important oil projects are underway in Iran including start of the operation of the Sohrab joint field in the near future.

  • NISOC Production Capacity to hit Pre-Sanctions Levels: CEO

    NISOC Production Capacity to hit Pre-Sanctions Levels: CEO

    KHUZESTAN (SHANA)-- The CEO of the National Iranian South Oil Company (NISOC) said that one of the serious plans of the company has been to restore the oil production capacity to the pre-sanctions era, adding: "We are proud to announce that the oil production capacity has returned to the pre-sanctions level."

  • Iran Unveils Strategic Wellhead Item

    Iran Unveils Strategic Wellhead Item

    TEHRAN (Shana) – An Iranian knowledge-based company has unveiled a Christmas Tree with a working pressure of 15,000 psi (pound per square inch).

  • Iran Builders Break Monopoly of Strategic Oil Equipment

    Iran Builders Break Monopoly of Strategic Oil Equipment

    TEHRAN (Shana) – Iranian manufacturers have acquired the savvy to construct items in oil industry whose supply was monopolized by certain few in the past, said the CEO of the National Iranian Oil Company (NIOC).

  • Iran Earmarks $5.5b to Develop Khami Group Fields

    Iran Earmarks $5.5b to Develop Khami Group Fields

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the development of the fields of Khami Group were to be developed with an investment of 5.5 billion dollars for the first time.

  • Min. calls on Domestic Suppliers to Mind Export Markets

    Min. calls on Domestic Suppliers to Mind Export Markets

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the domestic manufacturers of items shall be focused on exports besides supplying the domestic markets.

  • Hormuzgan to Turn into Refining Hub of Iran

    Hormuzgan to Turn into Refining Hub of Iran

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said numerous projects have been defined in the southern province of Hormuzgan to turn it into a refining hub within years.

  • Iran Eyes $400m/y Profit in Kish Gas Project

    Iran Eyes $400m/y Profit in Kish Gas Project

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said an annual $400 million of hard currency earning will be one of the benefits of developing a gas transmission project to Kish Island.

  • Iran Eyes 4mbd Crude Oil Production Capacity by Early 2023

    Iran Eyes 4mbd Crude Oil Production Capacity by Early 2023

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) voiced Iran’s readiness for maximum gas condensate swap, adding the country is preparing to bring its crude oil production capacity to over 4 million barrels per day by the end of the current calendar year, which began on March 21.