• Largest Petchem Plant in Western Iran to be Launched Soon

    Largest Petchem Plant in Western Iran to be Launched Soon

    TEHRAN (Shana) -- The CEO of Ilam Petrochemical Company said the 13th olefin unit, touted as the largest petrochemical project in western Iran, is about to come online after 19 years.

  • SZOGPC Localizes Key Equipment

    SZOGPC Localizes Key Equipment

    TEHRAN (Shana) -- South Zagros Oil and Gas Production Company has successfully localized manufacturing of a key item used in air compressors.

  • Parsian Refinery Boosts Gas Output by 8% Y/Y

    Parsian Refinery Boosts Gas Output by 8% Y/Y

    TEHRAN (Shana) -- The CEO of Parsian Gas Refining Company announced a 9% year-on-year increase in the production of gas and gas condensate in the first six months of the current calendar year, which began on March 21.

  • Iran Nearly Self-Sufficient in Manufacturing Refinery Parts

    Iran Nearly Self-Sufficient in Manufacturing Refinery Parts

    TEHRAN (Shana) -- The commercial director of Tehran Oil Refining Company said more than 90% of the company's refining parts and equipment are manufactured and supplied by domestic manufacturers.

  • ICOFC Plans to Recover 1bcm of Gas from Sarajeh

    ICOFC Plans to Recover 1bcm of Gas from Sarajeh

    TEHRAN (Shana) – The CEO of the Iranian Central Oil Fields Company said the company had planned to produce over a billion cubic meters of gas from Sarajeh gas storage facility in the winter.

  • Iran Names National Rep to OPEC

    Iran Names National Rep to OPEC

    TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh has appointed Afshin Javan as Iran’s national representative to the Organization of the Petroleum Exporting Countries (OPEC).

  • GOGPC Fulfills Production Plan in H1

    GOGPC Fulfills Production Plan in H1

    TEHRAN (Shana) -- Gachsaran Oil and Gas Production Company (GOGPC) fulfilled its instructed production plan in the first half of the current calendar year, which began on March 21.

  • ICOFC to Enhance Oil Production from Dehloran Field

    ICOFC to Enhance Oil Production from Dehloran Field

    TEHRAN (Shana) – The Iranian Central Oil Fields Company has planned to boost the production capacity of Dehloran oil field by the end of the current calendar year to March 2021 with the launch and repair of new wells.

  • OPEC Launches 2020 Edition of World Oil Outlook

    OPEC Launches 2020 Edition of World Oil Outlook

    VIENNA (Shana) -- The 2020 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria, providing the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the COVID-19 pandemic on the global energy and oil markets, an assessment of the medium- and long-term prospects, as well as analysis of various alternative scenarios and sensitivities that have the potential to impact the petroleum industry in the years ahead.

  • 1st Phase of Goreh-Jusk Pipeline Project Online by March 2021

    1st Phase of Goreh-Jusk Pipeline Project Online by March 2021

    TEHRAN (Shana) – The first phase of the Goreh-Jusk oil pipeline project will come on stream by the end of the current calendar year to March 20 2021.

  • MOGPC Realizes Output Plan in H1

    MOGPC Realizes Output Plan in H1

    TEHRAN (Shana) -- Maroon Oil and Gas Production Company (MOGPC) realized its planned production of crude oil, rich gas and naphtha in the first half of the current calendar year, which began on March 21.

  • Bandar Imam Petchem Co. Localizes PE Catalysts

    Bandar Imam Petchem Co. Localizes PE Catalysts

    TEHRAN (Shana) – Bandar Imam Petrochemical Company has successfully localized production of the catalysts it uses in low-density polyethylene production, which were previously monopolized by several American and European companies.

  • NPC Delays Petchem Showcase due to Pandemic

    NPC Delays Petchem Showcase due to Pandemic

    TEHRAN (Shana) -- The director of the 14th IranPlast International Exhibition said the showcase was originally scheduled for November which is now delayed until December 25.

  • Iran to Boost Oil Output in Ilam Province

    Iran to Boost Oil Output in Ilam Province

    TEHRAN (Shana) – The CEO of the Iranian Central Oil Fields Company (ICOFC) said upstream plans were under way to enhance the crude oil and natural gas output of Ilam Province in western Iran.

  • South Pars Accounts for 75% of Iran Gas Output

    South Pars Accounts for 75% of Iran Gas Output

    TEHRAN (Shana) -- The director of the third refinery of the South Pars Gas Complex stated: South Pars Gas Complex is currently contributing to 75% of the country’s total natural gas output.

  • Sufur Sales of Ilam Refinery 30% Up in H1

    Sufur Sales of Ilam Refinery 30% Up in H1

    TEHRAN (Shana) – The CEO of Ialm Gas Refinery said the plant’s sulfur sales grew by 30 percent in the first half of the current calendar year, which began on March 21.

  • Azar Development Project on Verge of Commissioning

    Azar Development Project on Verge of Commissioning

    TEHRAN (Shana) – The operator of Azar oil field development project said the cumulative output of the project in the early production phase has been above 30 million barrels so far and it is on the verge of full operation with a progress of about 97%.

  • South Pars Phase 14 Refinery Operational Next Year

    South Pars Phase 14 Refinery Operational Next Year

    TEHRAN (Shana) -- The operator of the South Pars Phase 14 development project said the project’s onshore refinery would come online in the first half of the next Iranian calendar year to March 21.

  • Zangeneh Condoles with Kuwait in Death of Emir

    Zangeneh Condoles with Kuwait in Death of Emir

    TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh sent a message of condolence to his Kuwaiti counterpart on the death of Kuwaiti Emir His Highness Sheikh Sabah Al-Ahmad Al-Sabah on Tuesday.

  • Fajr Jam Refinery H1 Gas Output 7% up

    Fajr Jam Refinery H1 Gas Output 7% up

    TEHRAN (Shana) -- The CEO of Fajr Jam Gas Refining Company announced a 7% increase in gas production of the facility in the first half of the current calendar year, which began on March 21.

  • KOGPC Realizes Production Plan in H1

    KOGPC Realizes Production Plan in H1

    TEHRAN (Shana) -- The CEO of Karoun Oil and Gas Production Company (KOGPC) announced the realization of 101% of the company's crude oil production plan in the first half of the current calendar year, which began on March 21.

  • OPEC Sec. Gen. Sends Condolence Message on Death of Kuwaiti Emir

    OPEC Sec. Gen. Sends Condolence Message on Death of Kuwaiti Emir

    VIENNA (Shana) – Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo sent a letter of condolence on the death of the Kuwaiti Emir.

  • Iran to Boost Hendijan Oil Production Capacity

    Iran to Boost Hendijan Oil Production Capacity

    BUSHEHR (Shana) -- The CEO of the Iranian Offshore Oil Company announced the successful installation of the second 1000-ton platform in the Hendijan offshore field, saying: "Due to the completion of the installation of platforms 07 and 08, the production capacity of this oil field will increase."

  • No Power can Assault Iran Exports, Imports: NITC CEO

    No Power can Assault Iran Exports, Imports: NITC CEO

    TEHRAN (Shana) – The CEO of the National Iranian Tanker Company, emphasizing that no power can harm the country’s exports and imports, said: "Free trade is Iran's right and we must make more efforts for the authority of the national fleet."

  • Sabalan Petchem Plant Nearly Complete

    Sabalan Petchem Plant Nearly Complete

    TEHRAN (Shana) – Sabalan Petrochemical Project has so far made 95 percent and the project will become operational soon.

  • Successful Past, Sustainable Future

    OPEC Turns 60

    Successful Past, Sustainable Future

    TEHRAN (Shana) -- In September 1960, the representatives of the five founding members of the Organization of the Petroleum Exporting Countries (OPEC), i.e. Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, held a four-day conference in the Iraqi capital Baghdad. The conference gave rise to OPEC as a permanent intergovernmental organization.

  • British Expropriation

    British Expropriation

    TEHRAN (Shana) -- Less than 10 years after Britain had emerged winner in the World War, Iranians nationalized their petroleum industry. That cost Britain dearly because they had recorded a strong victory in World War II and were gradually imposing their culture and language upon the world through media and economic policies. They were used to moving from country to country and change governments as they wished. They even installed British rulers in some nations. British colonies were rising in number. Relying on its strength, Britain claimed sovereignty over the entire globe. Under such circumstances, the oil nationalization movement called into question Britain’s political authority. The conditions worsened when Britain suffered a legal defeat at the international court of arbitration in the face of Iran. In the meantime, the influence of Iran’s oil nationalization on the Middle East and North Africa led to the formation of scattered small and large movements across the region. All these movements were hostile to British colonialism. Gholam-Reza Nejati, author of The Petroleum Industry Nationalization Movement, writes: “Britain was a world superpower. It was present everywhere. But it had suffered a deadly blow from a third world nation, i.e. Iran. The nationalization movement in Iran served as a model for other nations. Iran’s oil nationalization was the first well-organized anti-colonial movement in the Middle East. That is how Iran became a role model for other countries. Following the oil nationalization in Iran, General Najeeb and General Nasser rose up against the Farouk rule in Egypt and the Suez Canal was nationalized on 26 July 1956.”

  • Adeli: OPEC Politicized by Some Member States

    Adeli: OPEC Politicized by Some Member States

    TEHRAN (Shana) -- Mohammad Hossein Adeli, former secretary general of the Gas Exporting Countries Forum (GECF), has said some member states of the Organization of the Petroleum Exporting Countries have politicized the Organization. In an interview, he cites the examples of countries that did not hesitate to compensate for Iranian and Venezuelan share following their US sanctions on the two member states.

  • €4.7bn Oil Projects Inaugurated

    €4.7bn Oil Projects Inaugurated

    TEHRAN (Shana) -- President Hassan Rouhani recently inaugurated through videoconference a project for the development and optimization of gas dispatching center and IGAT-6 and IGAT-9, Phase 1 of the Bushehr Petrochemical Company and the 500-MW West Karoun combined cycle power plant and its related power supply facilities. The total investment made in these three projects stands at €4.7 billion.

  • Iran Gas Storage Enhanced

    Iran Gas Storage Enhanced

    TEHRAN (Shana) -- The CEO of the Iranian Gas Transmission Company said the amount of Iran’s gas storage had increased in the first half of the current calendar year, which began on March 21.