Iran
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South Pars Marked with Iranian Manufacturers
TEHRAN (Shana) -- The remaining platforms of phases 13, 14 and 22-24 of the giant offshore South Pars gas field are set to become operational by the end of the current calendar year in March 2020. That would bring gas recovery capacity in South Pars, which Iran shares with Qatar, to 680 mcm/d from the current 630 mcm/d.
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Why Namavaran Discovery Is a Breakthrough
TEHRAN (Shana) -- Iran’s President Hassan Rouhani, during a provincial tour of Yazd in October, said the country’s second largest oil reservoir had been discovered. Iran’s Petroleum Minister Bijan Zangeneh said the reservoir, named Namavaran, held 22 billion barrels of oil in place, 2.2 billion barrels of which would be recoverable.
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Future of Oil, Future of World
TEHRAN (Shana) -- Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503,000 b/d from their total production in a bid to help stabilize the oil market. The OPEC and non-OPEC producers would now remove a total of 1.703 mb/d of oil from their output.
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Overhaul of gas turbines machine in AOGPC
TEHRAN (Shana) -- Aghajari Oil and Gas Production Company (AOGPC) has successfully overhauled 21 gas turbines in its repair shop.
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$400m Catalyst Market in Iran
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said that Iranian refineries and petrochemical plants consumed 400 million dollars’ worth of catalysts annually.
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CBI to Finance Siraf Refining Project
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said that the central bank of Iran (CBI) was to bankroll Siraf refining project by investing Rls. 200,000 billion in the plan.
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Localization of 8,000 Oil, Gas Items in MOGPC since March
TEHRAN (Shana) – The managing director of Maroon Oil and Gas Production Company (MOGPC) said his company had managed to localize manufacturing of 500 items including 8,000 pieces used in oil and gas operations since March.
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Khark Petchem Plant Eyes Enhanced Output
TEHRAN (Shana) – The production capacity of Khark Petrochemical Plant is expected to increase by 100 tons per day once the facility starts consuming associated petroleum gas (APG) from Doroud III project.
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Petropars to Develop Farzad B Gas Field
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the Iranian oil company Patropars was awarded the engineering, exploration and basic design sections of Farzad B Gas Field Development Project.
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NIOC Inks Research Deal with Local Universities
TABRIZ (Shana) – The National Iranian Oil Company (NIOC) has signed two contracts with Sahand and Tabriz universities of technology on geological studies of west and northwestern Iran.
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Gas Emissions Nearly Eradicated at KOGPC
KHUZESTAN (Shana) – The CEO of Karoon Oil & Gas Production Co. (KOGPC) said his company had invested over a billion dollars to prevent gas emissions in its operations which was currently 95% complete.
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GOGPC Signed 54 Deals with Local Suppliers for Building Items
KHUZESTAN (Shana) -- Gachsaran Oil and Gas Production Company (GOGPC) has signed 54 deals with local manufacturers for production of oil industry items and parts.
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NISOC Displays List of Needed Items for Domestic Manufacturing
KHUZESTAN (Shana) -- The National Iranian South Oil Company (NISOC) has provided a list of 7,500 items to be developed by local manufacturers.
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South Pars Gas Condensate Storage Capacity at 2.5 mb
TEHRAN (Shana) – The gas condensate storage capacity of South Pars Gas Field has reached 2.5 million barrels now that a new storage tank has come online in Pars Oil and Gas Company (POGC).
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Petchem Plant Completes Styrene Production Value Chain
TEHRAN (Shana) – The CEO of Pars Petrochemical Company announced completion of the company's production chain, especially for styrene monomer and propane.
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RIPI Saves Iran $200m by Localizing Technical Items
TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) head said the institute had saved the country 200 million dollars by supporting knowledge-based companies and providing and commercializing items needed in the industry.
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8-Month Output of Tondgouyan Petchem Plant UP 23% Y/Y
TEHRAN (Shana) – The output of Tondgouyan Petrochemical Plant has broken a new record in the first 8.5 months of the current calendar year, which began on March 21, growing 23% year-on-year.
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NGL 3200 Project to Turn Gas Flares off in 6 Joint Oilfields
TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said once NGL 3200 project became operational, the gas flares of 6 joint oil fields would be turned off.
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Low-Pressure Gas Collection Project Launched in Doroud III
TEHRAN (Shana) – A project was launched to transfer to Khark Petrochemical Company low-pressure gases collected in Doroud III.
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Noori Petchem Plant Yields 2.9 mt of Output Since March
TEHRAN (Shana) – Iran’s Noori Petrochemical Plant produced a total of 2.9 million tons of petrochemicals in the first 8.5 months of the current calendar year, which began on March 21.
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Iran Eyes $50/b Oil Price Next Year
TEHRAN (Shana) -- Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50.
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Volume of Smuggled Petrol Very Low: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the volume of smuggled petrol and gasoil from Iran was “very little”.
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OPEC 177th Meeting
VIENNA (Shana) -- The 177th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 December 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People's Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. On Friday, 6 December, the 7th OPEC+ meeting was also held.
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Plant Eyes Diversified Output Soon
TEHRAN (Shana) – Iran’s Tondguyan Petrochemical Company is planning for diversification of its polyethylene terephthalate chain output as one of its key priorities in the near future.
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NPC Serious in Purposeful Development of Petchem Projects
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said that the company had launched an initiative to orchestrate petrochemical projects in the industry.
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5 OPEC Decision in 177th Meeting
VIENNA (Shana) – OPEC+ production cuts increased by 503,000 barrels per day, secondary sources designated as OPEC and non-OPEC production reference sources, gas condensate was removed from crude oil production calculation of non-OPEC producers, Algeria's Energy Minister was selected as OPEC Conference President alphabetically, and eventually, Iran became the vice-chairman of the OPEC board of governors.
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We would never Forfeit Iranian Nation's Rights: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said he and his team would never give up on the Iranian nation’s rights.
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Zangeneh to Meet with OPEC Sec. Gen., Conference President
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh is scheduled to meet with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), and Venezuela's People's Minister of Petroleum and President of the OPEC Conference in Vienna on Thursday.
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Iran Mulls Construction of $8b Petchem Project
TEHRAN (Shana) – Plans are under way to construct an $8-billion petrochemical megaproject by Iranian petrochemical holdings, a senior petrochemical official said.
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US Efforts to Stop Iran Oil Export, Fruitless: Parl. Speaker
TEHRAN (Shana) -- Iranian Parliament Speaker Ali Larijani leveled criticism at the White House, saying the US efforts to bring Iran’s oil exports to zero was fruitless.