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Iran Oil Output beyond 3mbd
TEHRAN (Shana) -- The Iranian Minister of Petroleum said Iran's oil production capacity reached 3 million barrels per day, and the country's light oil production capacity has increased by 200,000 barrels per day with the initiative of the National Iranian Oil Company (NIOC) and the Research Institute of Petroleum Industry.
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Tripartite Deal Signed for Supply of 500 Road Tankers
TEHRAN (Shana) -- A tripartite contract for the supply of 500 road tankers has been signed between the National Iranian Oil Products Refining and Distribution Company (NIORDC), Ariadiesel Khodro Company and Bank Mellat.
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Azar Oilfield ready to be Operated by Client
TEHRAN (Shana) -- The CEO of the Iranian Central Oil Fields Company (ICOFC) said Azar Oil Field is ready to be delivered to West Oil and Gas Production Company for operation.
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45% Rise in Horizontal, Directional Drilling Efficiency of Oil, Gas Wells since March
TEHRAN (Shana) -- The efficiency of horizontal and directional drilling operations of the National Iranian Drilling Company (NIDC) grew by at least 45% in the first 8 months of the current Iranian calendar year which began on March 21 compared to the same period last year.
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PGPIC Installed Capacity to hit 46mt/y by 2026
TEHRAN (Shana) -- The installed capacity of Persian Gulf Petrochemical Industries Company (PGPIC) is planned to hit 46 million tons per year by 2026 from currently 28 mt/y, an official with the holding says.
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Good Things Happen in Iran Refineries: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the 13th administration has initiated sizable movements in the country's refining industry including quality improvement in Abadan Refinery and all the refineries across the country.
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Pasargad Qeshm Refinery Supplies New Bitumen Grade
TEHRAN (Shana) -- Pars Behin Qeshm Oil Refinery has processed AH70 bitumen which is considered a new grade suitable for global markets for the first time in the country.
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KBCs to Help Delay Natural Drop in Iran Oil Output
TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) is planning to ramp up its cooperation with domestic knowledge-based firms in order to delay the natural drop in oil output of Iran’s fields.
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Iran Gas Output from South Pars Hits 0.7bcm/d
TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company (POGC) said the daily gas production from the South Pars joint gas field has reached 700 million cubic meters.
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POGC to Invest $2m for Laboratory Modeling of Corrosion
TEHRAN (Shana) – Pars Oil and Gas Company (POGC) is planning to invest $2 million in a project for laboratory modeling of corrosion together with a knowledge-based company.
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Iran Firms Ready to Join Iraqi Oil Projects
TEHRAN (Shana) -- The Iraqi Ministry of Oil has issued a circular to all Iraqi companies announcing the readiness of Iranian specialized companies to participate in Iraq's oil and gas projects.
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Oil Storage Capacity to Increase in Khark Terminal
TEHRAN (Shana) – The CEO of Iran Oil Terminals Company announced plans to increase crude oil storage capacity by 4,200,000 barrels at Khark Oil Terminal.
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Good Oil Agreement made with China: Owji
TEHRAN (Shana) -- The Iranian Minister of Petroleum said: During the visit of the Deputy Prime Minister of China and the accompanying delegation to Iran, good agreements and understandings were made regarding the development of oil and gas fields and joint fields in Iran.
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MOP Inks Cooperation MoU with AEOI
TEHRAN (Shana) – The Iranian Ministry of Petroleum and the Iran Radiation Application Development Company signed a memorandum of understanding for technological cooperation and the utilization of radiation in the oil industry.
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Iran ready to bolster Energy Ties with China: Veep
TEHRAN (Shana) -- The first vice president said: “Tehran is ready to expand its cooperation with Beijing in various sectors such as energy, transit and joint production.”
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Iran Eyes 0.5 bcm Gas Output Growth by 2029
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the company's plan to increase the country’s gas production capacity by 500 million cubic meters per day (mcm/d) by 2029.
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Abadan Refinery to Launch Largest Distillation Unit in ME
TEHRAN (Shana) -- The CEO of the National Iranian Oil Engineering and Construction Company announced the implementation of the largest distillation unit in the Middle East with a capacity of 210,000 barrels in Abadan Refinery.
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Iran, China Preparing for Oil, Energy Cooperation
TEHRAN (Shana) -- The Iranian Minister of Economy and Finance said executive measures have been placed on the agenda of the Iran-China Comprehensive Cooperation Program meeting in the field of oil and gas and investment.
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$15b Petchem Market Waiting for KBCs
TEHRAN (Shana) -- The director of strategy and infrastructure of product development, technology and innovation of the Persian Gulf Petrochemical Industries Company (PGPIC) said the firm has about $15 billion of active plans up for grabs by knowledge-based startups.
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Iranian Catalyst Saves $6m
TEHRAN (Shana) -- Ilam Petrochemical Company saved Iran $6 million by successfully testing the catalyst made by the Petrochemical Research and Technology Company (PRTC) in its high-density polyethylene unit.
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IOOC Raises Gas Output 35 mcf/d
TEHRAN (Shana) -- Gas production of the Iranian Offshore Oil Company (IOOC) increased by 30 to 35 million cubic feet per day (mcf/d) by exploiting a project to enhance gas production capacity in Qeshm operational area and establishing flow from the fields of Gorzin Field.
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Historic Declaration of Cooperation of OPEC and non-OPEC oil-producing countries turns six
VIENNA (Shana) -- The Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned six today, December 10 2022.
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Efforts underway to Prevent Petchem Feedstock Supply Shortages
TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of sustainable energy supply and production management in the petrochemical industry, saying: “We are trying to increase the supply of petrochemicals so that the complexes do not face gas restrictions in the cold season of the year.”
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Iran Catalysts Selling in Russia
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC), referring to the negotiations that have been held since April this year with Russian delegations for the export of Iranian catalyst to Russia, announced that one ton of Iranian catalyst is being successfully used in Russian petrochemical complexes, and Russian companies have registered new orders for catalysts.
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Dasht Azadegan Arvand Company to Start Developing Azadegan Field Soon
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the start of operations of Dasht Azadegan Arvand Company for the integrated development of Azadegan Field within the next two weeks.
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South Pars Phase 11 Project Online Soon
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said the gas from South Pars Phase 11 Project would come online in February.
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Iran Petroleum Minister Hosts Meeting with Tajik Opposite Number
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji hosted a meeting in his Tehran office on Tuesday evening with the visiting Tajik minister of energy.
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Gas Production Accelerated in South Pars
TEHRAN (Shana) -- The CEO of South Pars Gas Complex announced that with the introduction of the cold snap in the country and the decrease in temperature and the consequent increase in consumption in the domestic and commercial sectors, the 13 refineries of South Pars have put the mission of maximum gas production on their agenda.
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CEO Stresses Necessity of Creating Sufficient Incentives for Human Capital
TEHRAN (Shana) -- The CEO of the National Petrochemical Company, while emphasizing the need to create sufficient motivation for human capital, said: "It is planned that all the products and equipment of the petrochemical industry be internalized within the next seven years."
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NIOC Discovers New Oil Reservoirs in Southwest Iran
TEHRAN (Shana) -- The director of exploration of the National Iranian Oil Company (NIOC) announced the discovery of new oil reservoirs in the southwest of Iran, and said: “There are 14 oil and gas exploration blocks in the country.”