• Jam Petchem Plant Breaks Output, Sales Record

    Jam Petchem Plant Breaks Output, Sales Record

    TEHRAN (Shana) -- The director of Jam Petrochemical Company said: "Fortunately, this complex was able to achieve a new record in production and sales last [calendar] year by supplying more than 2.5 million tons of various items."

  • NIDC Builds Acidifacation Batch Mixer

    NIDC Builds Acidifacation Batch Mixer

    TEHRAN (Shana) – The National Iranian Drilling Company has manufactured an acidification batch mixer by relying on local experts.

  • Pardis Petchem Plant bags National Energy Management Award

    Pardis Petchem Plant bags National Energy Management Award

    TEHRAN (Shana) -- Pardis Petrochemical Company has received the two 2-star silver statues of the 5th National Energy Management Award.

  • Petropars, NIDC Ink Cooperation MOU

    Petropars, NIDC Ink Cooperation MOU

    TEHRAN (Shana) -- The Petropars Group and the National Iranian Drilling Company have signed a memorandum of understanding to cooperate in implementation of oil and gas projects.

  • IOOC Experts Repair Oil Pump at Forouzan Offshore Platform

    IOOC Experts Repair Oil Pump at Forouzan Offshore Platform

    TEHRAN (Shana) -- The turbine turbo-pump of Forouzan joint field was repaired by the specialists of the Iranian Offshore Oil Company (IOOC) in Khark operational district and was returned to Forouzan platform.

  • Iran OPEC Boss in Coma after Brain Haemorrhage

    Iran OPEC Boss in Coma after Brain Haemorrhage

    TEHRAN (Shana) -- Iran's veteran OPEC Governor Hossein Kazempour Ardebili has slipped into a coma after a severe brain haemorrhage.

  • Iran Eyes 30 mcm/d CNG Distribution Capacity

    Iran Eyes 30 mcm/d CNG Distribution Capacity

    TEHRAN (Shana) -- The deputy head of the National Iranian Petroleum Products Distribution Company announced the readiness of the infrastructure for development of the CNG industry in the Iranian Ministry of Petroleum and reaching a daily distribution capacity of 30 million cubic meters of the item.

  • ICOFC Drills 9 Wells Last Year

    ICOFC Drills 9 Wells Last Year

    TEHRAN (Shana) – The Iranian Central Oilfields Company (ICOFC) successfully drilled 27,000 meters last calendar year which ended on March 19.

  • Issuance of Sukuk Securities Authorized to Fund Oil, Gas Projects

    Issuance of Sukuk Securities Authorized to Fund Oil, Gas Projects

    TEHRAN (Shana) -- The First Vice President, Eshaq Jahangiri, signed off on the executive bylaws for the issuance of Islamic compliant securities (Sukuk) in the calendar year of 1399 (which began on March 20) to be enforced by the relevant organs.

  • MOS Launched in South Yaran Oilfield

    MOS Launched in South Yaran Oilfield

    TEHRAN (Shana) – A Mobile Oil Separator (MOS) has been launched in South Yaran Oilfield Development Project.

  • Loading of 1st South Pars Phase 11 Platform Jacket

    Loading of 1st South Pars Phase 11 Platform Jacket

    HORMUZGAN (Shana) -- Load Out operation of the Platform 11B jacket of South Pars Phase 11 development project started on Thursday (April 30) at Qeshm Island, Hormuzgan Province. The structure is to be installed near the Iran-Qatar sea border in the Persian Gulf.

  • Loading Operation of Phase 11 Platform Jacket Begins

    Loading Operation of Phase 11 Platform Jacket Begins

    TEHRAN (Shana) – The load out operation of Platform 11B jacket of the massive South Pars gas field has begun in a step to develop the long-sought project.

  • Installation of South Pars Platform 11B Complete by June

    Installation of South Pars Platform 11B Complete by June

    TEHRAN (Shana) -- The head of the South Pars Phase 11 development plan announced that the installation process of Platform 11B of hte project would be completed by June.

  • Zangeneh Rejoices over Iran Maximum Production at South Pars in Twitter Account

    Zangeneh Rejoices over Iran Maximum Production at South Pars in Twitter Account

    TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh wrote in his Twitter account: “Iran is at the peak of its authority in the Persian Gulf with maximum production from South Pars.”

  • South Pars Phase 14 Refinery Online by June 2021

    South Pars Phase 14 Refinery Online by June 2021

    TEHRAN (Shana) – Operator of the South Pars Phase 14 development project said plans were devised to bring the project’s onshore refinery to full production tilt by June 2021.

  • Golestan Province Fully Covered by NIGC Gas Network

    Golestan Province Fully Covered by NIGC Gas Network

    TEHRAN (Shana) -- The CEO of Golestan Province Gas Company announced that 100% of the urban population and 96% of the rural population of the province benefited from natural gas supplied by the National Iranian Gas Company (NIGC).

  • Petroleium Industry Healthcase Staff Fighting COVID-19

    Petroleium Industry Healthcase Staff Fighting COVID-19

    TEHRAN (Shana) -- With the outbreak of coronavirus in Iran and other parts of the world, the country's hospitals are operating round the clock to treat and hospitalize patients. The hospitals of the Iranian oil industry, along with other health centers, have not stopped trying to fight the virus and provide services to the patients. Tehran Specialized Oil Hospital has also dedicated its inpatient wards to the treatment and hospitalization of staff infected with the virus. The images below show the hospital's intensive care unit's efforts.

  • Natural Gas Odorator Localized in Iran

    Natural Gas Odorator Localized in Iran

    TEHRAN (Shana) -- The head of the Khorasan-e-Razavi Gas Company announced the design and construction of a local sample of a natural gas odor intensity test instrument by relying on local savvy.

  • Isfahan Refinery Eyes Euro-5 Gasoil Production

    Isfahan Refinery Eyes Euro-5 Gasoil Production

    TEHRAN (Shana) -- The CEO of Isfahan Oil Refining Company said the plant was to launch a diesel treatment by March 2021 which would bring the quality of its gasoil output to Euro-5.

  • Inauguration in Rapid Succession

    NIGC Activities Review

    Inauguration in Rapid Succession

    Last calendar year saw Iran's oil refining industry take important steps towards development and self-sufficiency. The refining industry has signed memorandums with the Petroleum Ministry and some other ministries and bodies. One of these MOUs was on producing needle and sponge coke at the Bandar Abbas and Imam Khomeini oil refineries. They were signed between National Iranian Oil Refining and Distribution Company (NIORDC) and Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) with a view to putting an end to Iran's sponge coke imports. Another achievement of the oil refining industry is full commissioning of phases 1, 2 and 3 of the Bandar Abbas gas condensate refinery, generally known as the Persian Gulf Star refinery. Some 70% of the equipment used at the condensate refinery was made in Iran.

  • Refining Sector Annual Review

    Refining Sector Annual Review

    Last calendar year saw Iran's oil refining industry take important steps towards development and self-sufficiency. The refining industry has signed memorandums with the Petroleum Ministry and some other ministries and bodies. One of these MOUs was on producing needle and sponge coke at the Bandar Abbas and Imam Khomeini oil refineries. They were signed between National Iranian Oil Refining and Distribution Company (NIORDC) and Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) with a view to putting an end to Iran's sponge coke imports. Another achievement of the oil refining industry is full commissioning of phases 1, 2 and 3 of the Bandar Abbas gas condensate refinery, generally known as the Persian Gulf Star refinery. Some 70% of the equipment used at the condensate refinery was made in Iran.

  • Arvand Petchem Plant Boosts Output 11%

    Arvand Petchem Plant Boosts Output 11%

    TEHRAN (Shana) – The CEO of Arvand Petrochemical Plant said his company’s output had increased by 11 percent year-on-year in the first month of the current calendar year (March 20-April 20).

  • Operations under Way in Goreh-Jask Pipeline

    Operations under Way in Goreh-Jask Pipeline

    TEHRAN (Shana) – Construction of the Goreh-Jask oil pipeline is under way in all sectors of the strategic project in full compliance with health protocols.

  • NIDC Drills 15 Wells in March 20-April 20

    NIDC Drills 15 Wells in March 20-April 20

    TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has successfully spudded 15 oil and gas wells in oil-rich regions of the country in the first month of the Iranian calendar year (March 20-April 20, 2020).

  • Gas Condensate Loading Capacity to Rise at South Pars

    Gas Condensate Loading Capacity to Rise at South Pars

    TEHRAN (Shana) -- The deputy head of the South Pars Phase 19 development project announced the arrival of a tanker ship equipped with single point mooring (SPM) in Assaluyeh, southern Iran, which would augment gas condensate loading capacity of the field.

  • WTI, April 20 and What Happened

    WTI, April 20 and What Happened

    TEHRAN (Shana) -- What happened on April 20, 2020 in the oil futures market? Why the benchmark US oil prices did headed to negative territory for May 20 delivery? Will the futures contract price for WTI crude for June 2020 also be negative? Why are the prices for some crude oil in the United States and Canada single-digit or negative? To get the answers to these questions, don't miss this report, which was sent to Shana by an oil market analyst familiar with the oil market.

  • US Crude Oil Plunges below zero in Unprecedented Wipeout; Why?

    US Crude Oil Plunges below zero in Unprecedented Wipeout; Why?

    TEHRAN (Shana) – Monday, April 20, 2020, was a historic day for New York Mercantile Exchange's (NYMEX) crude oil contracts as the price of the item plummeted to minus $ 37.63 for the first time in the industry’s history. Here is why all this happened.

  • Iran Economy Least Affected by Falling Oil Prices: Rouhani

    Iran Economy Least Affected by Falling Oil Prices: Rouhani

    TEHRAN (Shana) -- Iranian President Hassan Rouhani said that falling oil prices would have the least impact on the Iranian economy as the country was not completely reliant on oil anymore.

  • OPEC cannot Address Oil Market Crash Alone: Zangeneh

    OPEC cannot Address Oil Market Crash Alone: Zangeneh

    TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh described the recent drop in oil prices as unprecedented, and said, “Resolving crude oil issues need global support, and producers must work together in order to survive, especially producers who produce more expensive crude.”

  • How Us WTI Crude Fell Below Zero

    How Us WTI Crude Fell Below Zero

    TEHRAN (Shana) -- The Director of International Affairs at the National Iranian Oil Company (NIOC) said the impact of the fall in crude oil prices by more than $55 on Monday, April 20, on the East Asian market was about $3 as WTI is not used as a benchmark for pricing Iranian crude oil.