Production
-
Iran Hydrocarbon Reserves Estimated at 16 BBL
TEHRAN (Shana) -- The director of exploration at National Iranian Oil Company (NIOC), Mehdi Fakour, has said that Iran was estimated to sit atop 16 billion barrels of hydrocarbon reserves.
-
Investment in Crude Oil Storage Capacity
TEHRAN (Shana) -- A meeting was held to introduce opportunities for investment in crude oil storage tanks construction and operation, required by National Iranian Oil Company (NIOC), within the framework of public-private partnership (PPP). This is the first time the private sector is given the chance for investment in the crude oil storage sector. NIOC intends to enhance its crude oil storage capacity by 7.7 million barrels.
-
SP14 Refinery Close to Operation
TEHRAN (Shana) -- The refinery of Phase 14 of the giant offshore South Pars gas field is almost coming online. With the completion of this megaproject, which has been operated only by Iranians, all South Pars refineries would have become operational. The offshore section of this project came on-stream in 2019 with a current output of 56 mcm/d of rich gas. Over the past one year, three trains of gas sweetening have become operational at this refinery, which sets a record. The onshore section of this project has been invested $5.2 billion in.
-
Iran Annual Gas Consumption beyond 228 bcm
TEHRAN (Shana) -- The director of coordination of gas supply of National Iranian Gas Company (NIGC) said Iran’s annual gas consumption is over 228 billion cubic meters of which 70% is consumed in the industrial sector.
-
NIOC Eyes 0.9mbd Output Growth in 8 Years
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said plans are under way to bring Iran’s crude oil production capacity to 5.7 million barrels per day in a matter of 8 years.
-
Iran Boosts Gas Output by 6.5 mcm/d
TEHRAN (Shana) -- The CEO of Gachsaran Oil and Gas Production Company stated in recent days, with the initiatives that were taken, “we managed to add 6.5 million cubic meters per day to the country's gas output.”
-
New Record Set in Iran Gas Production
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: “In these days, the highest amount of gas recovery from independent and joint gas fields was set, which is a new record in the 13th government.”
-
Exploration Talks with 3 Countries
TEHRAN (Shana) -- The head of exploration at National Iranian Oil Company (NIOC) has said talks have been held with three countries for implementation of oil and gas exploration projects.
-
COP27; Climate and Energy
TEHRAN (Shana) -- Once in a year, delegates from almost 200 countries gather togetherseeking ways and means to keep climate change from spiraling out of control. This time, they met in Sharm El-Sheikh, Egypt, for the 27th Conference of the Parties (COP) that was originally shaped up back in 1994 when members of the United Nations agreed to convene and officially address climate change with an unprecedented determination. COP gained momentum and moved into center stage during Paris Conference of the Parties when decision was made to move from words and declarations to accountability, costs and damages. This institutionalized COP and countries began to address the topic at national, regional and international levels.
-
Flare of Bilal Gas Field Lit
TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company (PGOC) announced that the flare of the Bilal gas field was lit as gas has reached the appraisal well of the offshore field.
-
1,386 items Localized by SPGC
TEHRAN (Shana) -- The CEO of South Pars Gas Complex (SPGC) announced that with the innovative and creative actions of specialists and employees of the central workshop of the complex, more than 1,386 parts and equipment have been localized.
-
Owji Leaves Tehran for Mashhad to Oversee Gas Supply in Northeastern Cities
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji flew to Mashhad on Sunday to conduct a field survey of the country's northeast gas distribution network and examine methods to prevent pressure drops in the area.
-
Production Maximum at Independent Gas Fields in Iran: Minister
TEHRAN (Shana) -- The Iranian Minister of Petroleum warned over-consumers of gas in the domestic sector: “Wherever gas consumption is out of the pattern, we will first give a warning and then cut off the gas flow.”
-
Gas Output of Nar Field up 300k cm/d
TEHRAN (Shana) – The head of petroleum engineering of the South Zagros Oil and Gas Production Company underlined the restoration operations on a well in the Nar gas field, announcing an increase of 300,000 cubic meters per day in the field's production capacity.
-
Iran 9-Month Petchem Output Up 7% Y/Y
TEHRAN (Shana) – Iran’s petrochemical output reached 53 million tons in the first months of the current Iranian calendar year, up 7% compared to the same period last year.
-
87% rise in Bu Alisina Petchem Revenue
TEHRAN (Shana) -- Bu Alisina Petrochemical Company’s revenue in the first three quarters of the current Iranian calendar year which started on March 21 reached Rls. 360,000 billion, up 87% year-on-year.
-
Iran Rich gas Output hits 1.04 bcm/d
TEHRAN (Shana) -- The director of production supervision of National Iranian Oil Company (NIOC) said: “Currently, NIOC produces 1 billion and 40 million cubic meters of gas daily from 23 gas fields in the country, of which about 980 mcm are delivered to National Iranian Gas Company (NIGC) for distribution .”
-
Higher Gas Supply Eyed
TEHRAN (Shana) -- During the past year, along with the significant boost in Iran’s energy diplomacy in the region and Latin America, petroleum industry experts have been seriously thinking about increasing the gas production capacity in order to get a larger share of the gas trade, and in this context, the South Pars gas field has always been a source to rely on.
-
Iran adds 10 mcm/d to Gas Output by Plant Overhaul
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said that by the end of the NGL 1000 overhaul operations, 10 million cubic meters per day of gas was added to the gas production capacity of the country.
-
Bandar Imam Invests $1b to Collect APG
TEHRAN (Shana) -- The CEO of Bandar Imam Petrochemical Company considered the nature of the establishment of his company in the past half century as a form of social responsibility and reported on the company's $1 billion investment for collecting associated petroleum gas (APG) in the Persian Gulf Yadavaran Gas Refinery project.
-
2mcm Gas Recovered in South Zagros
TEHRAN (Shana) -- The head of the exploitation engineering department of the South Zagros Oil and Gas Production Company said by conducting specialized and monitoring operations and tests 2 million cubic meters of gas were recovered daily in South Zagros.
-
Era of Crude Oil not Over: Official
TEHRAN (Shana) -- The Director of Development and Engineering Affairs of the National Iranian Oil Company (NIOC) emphasized that the era of crude oil has not ended and that this energy carrier is still well received in the world.
-
Iran Eyes 15-40% Oil Output Rise by EOR
TEHRAN (Shana) -- The integrated planning director of the National Iranian Oil Company (NIOC) said by applying EOR and IOR methods the country’s petroleum production could increase by 15 to 40 percent.
-
South Zagros H1 Output Beyond Plans
TEHRAN (Shana) -- The CEO of South Zagros Oil and Gas Production Company announced the cumulative production of 20.950 billion cubic meters of gas with an average daily production of 112.600 million cubic meters of gas in the first half of the current calendar year, which began on March 21, exceeding the gas production plan of the company.
-
16th Iran Plast Int'l Exhibition Kicks Off
TEHRAN (Shana) -- The 16th edition of Iran Plast International Exhibition officially started at Tehran’s permanent fairgrounds on Wednesday.
-
$7bn MOU Signed for Azadegan Development
TEHRAN (Shana) -- A $7 billion memorandum of understanding has been signed by National Iranian Oil Company (NIOC) and Iranian banks and E&P companies to develop the entire giant Azadegan oil field.
-
Iran Eyes 4mbd Crude Oil Production Capacity by Early 2023
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) voiced Iran’s readiness for maximum gas condensate swap, adding the country is preparing to bring its crude oil production capacity to over 4 million barrels per day by the end of the current calendar year, which began on March 21.
-
Marjan Petchem Plant 95% Productive in 1400
TEHRAN (Shana) -- The caretaker of Marjan Petrochemical Company said despite the restrictions on gas feedstock in order to supply domestic gas in winter, the company’s yield was 95% of its nominal capacity in the calendar year of 1400 which ended on March 20.
-
Ghadir Petchem Plant Operating at 121% of Nominal Capacity
TEHRAN (Shana) -- The CEO of Ghadir Petrochemical Company announced setting of a new record in the production of the petrochemical plant in the first quarter of the current calendar year, which began on March 21 hitting 121% of the facility’s nameplate capacity.
-
Integrated Azadegan Development
TEHRAN (Shana) -- Minister of Petroleum Javad Owji has said the second phase development of the giant South Azadegan oil field would be implemented by local firms. The first phase of this field, which is among the West Karoun cluster of fields, has been developed by local contractors to reach the nominal output of 220,000 b/d by next March.