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Owji’s X post highlights oil sector’s top position in Iran economic growth ranking
SHANA (Tehran) – Iranian Oil Minister Javad Owji’s post on X, formerly called Twitter, highlighted the oil sector’s 16.4 percent economic growth in spring 2023, the highest rate in the country.
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Iran, Uzbekistan sign petrochemical MoU
SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) and Uzbekistan’s Uzkimyosanoat on Wednesday signed a memorandum of understanding (MoU) on cooperation in the petrochemical sector.
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Russia's Gazprom Neft CEO: OPEC+ to act if global market faces oil crunch
The OPEC+ group of leading oil producers will act if the global oil market faces a shortage, Alexander Dyukov, head of Russian oil firm Gazprom Neft, said on Wednesday.
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$50b projects to drive Iran’s oil, gas output growth underway: NIOC official
SHANA (Tehran) – A number of oil and gas projects worth some $50 billion are in progress, said a National Iranian Oil Company (NIOC) official on Wednesday.
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Iran regains pre-sanctions OPEC rank with over 1m bpd output hike: NIOC chief
SHANA (Tehran) – Iran has regained its pre-sanctions position in the OPEC crude oil production table with an increase of more than 1 million barrels per day (bpd) achieved under the 13th administration, said the National Iranian Oil Company (NIOC) managing director on Wednesday.
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NIOC-Insurance Companies Forum
SHANA (Tehran) – The National Iranian Oil Company and insurance companies hold a forum in the presence of NIOC Managing Director Mohsen Khojastehmehr in Shahid Beheshti Hall of the Oil Ministry in Tehran on September 20, 2023.
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Contract on integrated development of joint Azadegan oil field to be signed in a month
SHANA (Tehran) – A contract on the integrated development of the joint Azadegan oil field will be signed within a month, said the National Iranian Oil Company (NIOC) director of investment and business development on Wednesday.
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17th IranPlast International Exhibition (2)
SHANA (Tehran) – The 17th IranPlast International Exhibition ends at the Tehran International Permanent Fairground on September 20, 2023.
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17th IranPlast International Exhibition (1)
SHANA (Tehran) – The 17th IranPlast International Exhibition ends at the Tehran International Permanent Fairground on September 20, 2023.
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MoUs, contracts signed at 17th IranPlast International Exhibition
SHANA (Tehran) – Several memorandums of understanding (MoUs) and contracts are signed on the third day of the 17th IranPlast International Exhibition in the presence of National Petrochemical Company (NPC) Managing Director Morteza Shahmirzaei at the Tehran International Permanent Fairground on September 19, 2023.
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Collection of APG of 21 flares of East Karoun fields by mid-March 2024
SHANA (Tehran) – Iran plans to collect associated petroleum gas (APG) of 21 flares of East Karoun fields in southwestern province of Khuzestan by the end of current Iranian calendar year (March 19, 2024).
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U.S. oil output from top shale areas to fall for third straight month in October: EIA
U.S. oil output from top shale-producing regions is on track to fall for a third month in a row in October to the lowest level since May 2023, the U.S. Energy Information Administration (EIA) said in its monthly drilling productivity report on Monday.
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Petrochemical value chain completion not just a motto, but a duty: NPC head
SHANA (Tehran) – The completion of petrochemical industry’s value chain is not just a motto, but a task, plan, and duty as an inviolable strategy, said Iran’s National Petrochemical Company (NPC) managing director on Tuesday.
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Oil prices rise as tight supply outlook offsets demand woes
Oil prices rose on Monday after flirting with $95 a barrel earlier in the session, as expectations of a supply deficit stemming from extended output cuts by Saudi Arabia and Russia as well as weak shale production outweighed concerns about demand.
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Rise in Iran’s oil sales proves foreign policy effective: Spokesman
SHANA (Tehran) – Increase in oil exports, release of frozen assets, expansion of foreign relations, and enhancement of presence in international assemblies are all indicative of effectiveness of the Iranian government’s foreign policy, said the Foreign Ministry spokesman on Monday.
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Saudi Arabia says ready to promote cooperation with Iran in petrochemical sector
SHANA (Tehran) – Saudi Ambassador to Iran Abdullah bin Saud al-Anzi on Monday voiced his country’s readiness to broaden cooperation with the Islamic Republic in petrochemical sector.
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Owji reiterates Iran will not give up share of Arash gas field
SHANA (Tehran) – Iranian Oil Minister Javad Owji said the Islamic Republic will not give up its share of the Arash gas field, known as Al-Dorra in Kuwait and Saudi Arabia, in the Persian Gulf.
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NPC CEO: Foreign guests’ strong presence in IranPlast expo means ‘sanctions have no place’ in petchem industry
SHANA (TEHRAN) – Iran’s National Petrochemical Company (NPC) managing director on Sunday said the twentyfold increase in number of foreign participants of the 17th IranPlast International Exhibition means that “economic sanctions and threats have no place” in petrochemical industry.
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Opening ceremony of 17th IranPlast International Exhibition
SHANA (TEHRAN) – The 17th International Exhibition of Plastics, Rubber, Machinery and Equipment, also known as IranPlast International Exhibition, kicks off in an opening ceremony attended by Iran’s Oil Minister Javad Owji at the Tehran International Permanent Fairground on September 17, 2023.
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Owji says ‘Iran will export oil wherever it wants’
SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Sunday said his country “will export crude oil and gas condensates wherever it wants”.
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17th IranPlast International Exhibition opens
SHANA (Tehran) – The 17th International Exhibition of Plastics, Rubber, Machinery and Equipment, commonly known as IranPlast International Exhibition, kicked off here on Sunday.
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China's 'teapot' refiners mop up swelling Iranian crude, defying U.S. curbs
Appetite for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices, while Tehran is stepping up output and exports despite U.S. sanctions.
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IranPlast among biggest polymer expositions in Mideast: NPC
SHANA (Tehran) – Iran’s International Exhibition of Plastics, Rubber, Machinery and Equipment is one of the biggest polymer expositions in the Middle East, said the National Petrochemical Company investment manager on Friday.
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OPEC statement on peak fossil fuel demand
On the International Energy Agency’s recent Op-Ed published on 12 September 2023, asserting that fossil fuel demand would peak before 2030, OPEC notes that consistent and data-based forecasts do not support this assertion.
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OPEC marks its 63rd anniversary
The Organization of the Petroleum Exporting Countries (OPEC) today turned 63.
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Global oil stockpiles to fall after Saudi output cut – EIA
Global oil inventories were expected to fall in the fourth quarter after Saudi Arabia extended output cuts this month, while U.S. crude production is forecast to rise more than previously thought, the Energy Information Administration said in a monthly report on Tuesday.
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OPEC report: Iran regains position as third-largest oil producer with 3m bpd output
SHANA (Tehran) – The Monthly Oil Market Report (MOMR) of the Organization of the Petroleum Exporting Countries (OPEC) showed that Iran has regained its position as the third-largest crude oil producer in August.
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Owji: APG of 21 East Karoun flares to be collected by mid-March 2024
SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Wednesday said associated petroleum gas (APG) of 21 flares of East Karoun fields in southwestern province of Khuzestan will be collected by the end of current Iranian calendar year (March 19, 2024).
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World at ‘beginning of end’ of fossil fuel era, IEA says
The world is at “the beginning of the end” of the fossil fuel era, according to the leading global energy watchdog, which for the first time has forecast that demand for oil, natural gas and coal will all peak before 2030.
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Government seeks to boost supplementary industries, output, says deputy oil minister
SHANA (Tehran) – Iran’s 13th administration has paid special attention to the development of supplementary industries and the completion of petrochemical value chain, said the deputy oil minister on Tuesday.