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Iran chief banker sees oil industry annual economic growth at 15.2%
SHANA (Tehran) – The Iranian oil industry’s economy is projected to grow 15.2 percent this Iranian calendar year (starting March 21, 2023), said the country’s top banker.
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Iran’s petrochemical chief says $4.2b will be invested in self-sufficiency projects
SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director on Thursday said $4.2 billion will be invested in domestic projects to attain self-sufficiency and complete the industry’s value chain.
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Iran, Iraq discuss expansion of energy ties
SHANA (Tehran) – Iran’s Oil Minister Javad Owji and visiting Iraqi Minister of Electricity Ziyad Ali Fazel explored all avenues to develop the two neighboring states’ relations in the energy sector on Wednesday night.
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Iran LPG exports up around 20%: Minister
SHANA (Tehran) – Iranian Oil Minister Javad Owji on Wednesday said the country’s liquefied petroleum gas (LPG) exports have increased around 20 percent in the current Iranian calendar year (starting March 21, 2023).
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Russian companies developing seven oil fields in Iran, says NIOC CEO
SHANA (Tehran) – Some Russian companies are developing seven oil fields in Iran, said the National Iranian Oil Company (NIOC) managing director.
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Iran to use AI to manage oil, gas production: NIOC
SHANA (Tehran) – The National Iranian Oil Company (NIOC) said artificial intelligence (AI) will be used to manage production in oil and gas fields.
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Oil Ministry leading supporter of knowledge-based companies, first-time production: Government spox
SHANA (Tehran) – Iran’s Oil Ministry is the leading supporter of knowledge-based companies and first-time production, said the government spokesman.
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OPEC: Iran’s oil output keeps rising
SHANA (Tehran) – Iran’s crude oil production continued its rise in October, the latest report of the Organization of the Petroleum Exporting Countries (OPEC) showed.
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NIOC signs contracts with domestic companies to drill 35 South Pars infill gas wells
SHANA (Tehran) – The National Iranian Oil Company signed four contracts with domestic companies to drill 35 infill wells in the South Pars gas field, said the NIOC managing director on Monday.
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Iran oil, gas condensate exports ‘favorable’: MP
SHANA (Tehran) – A member of Iran’s Parliament on Saturday described exports of the country’s crude oil and gas condensates as “favorable”.
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Iran’s gasoline production capacity to rise 2 ml/d by next May
SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the country’s gasoline and diesel production capacities will increase 2 and 3.5 million liters per day (ml/d) by mid-May 2024, respectively.
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NPC seeks to adopt integrated approach to petrochemical exports: CEO
SHANA (Tehran) – Iran’s National Petrochemical Company seeks to adopt an integrated approach to exporting petrochemical products to target markets, said the NPC managing director.
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Raeisi: Iran, Türkiye keen to cooperate in oil, gas sectors
SHANA (Tehran) – The Iranian president on Thursday said Tehran and Ankara are eager to cooperate in the oil and gas sectors.
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Oil, gas industry has ‘considerable’ potential for Iran-China cooperation: Mokhber
SHANA (Tehran) – Iran’s first vice president said on Monday oil and gas industry has a “considerable” potential for Tehran-Beijing cooperation.
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Iran offers $250bn oil investment opportunity at China expo
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director opened up an opportunity for $250 billion investment in the upstream and downstream sectors within the next eight years.
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Mokhber: Iran ready for cooperation with Cuba in energy sector
SHANA (Tehran) – First Vice President Mohammad Mokhber on Sunday voiced Iran’s readiness to cooperate with Cuba in the energy sector.
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Iran ready to export oil, gas, petrochemical services, says Mokhber in CIIE address
SHANA (Tehran) – Iran is ready to export technical and engineering services in the oil, gas, and petrochemical sectors, said First Vice President Mohammad Mokhber in the Chinese city of Shanghai on Sunday.
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Iran’s IGEDC setting new record by operating 10 gas compressor stations simultaneously
SHANA (Tehran) – The Iranian Gas Engineering and Development Company (IGEDC) is setting a new record in the country’s industry by operating 10 gas compressor stations concurrently.
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Iran’s petchem production capacity to hit 130 mt/y by end of 7th Development Plan: NPC head
SHANA (Tehran) – Iran’s petrochemical production capacity will soar to some 130 million tons per year (mt/y) by the end of the 7th Five-Year National Development Plan (2022-2026), said the National Petrochemical Company (NPC) managing director on Friday.
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Leader: Muslim governments must block export of oil, other essentials to Zionist regime
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has called upon Muslim states to press for an end to the ongoing Israeli atrocities against the besieged Gaza Strip, impose sanctions on the Zionist regime and stop oil and goods exports to the occupied territories.
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Government to give investors incentives to redress gas imbalance: Spox
SHANA (Tehran) – The cabinet approved incentives to investment in the gas industry with the aim of redressing imbalance, said Iran’s government spokesman on Wednesday.
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Owji: Iran’s oil production hits 3.4m bpd
SHANA (Tehran) – Oil Minister Javad Owji on Wednesday announced that Iran’s oil production has reached 3.4 million barrels per day (bpd).
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MP hails Oil Ministry for doubling exports
SHANA (Tehran) – A member of Iran’s Parliament on Tuesday praised the Oil Ministry for doubling exports and getting the revenue over the past two years.
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World Bank warns oil price could soar to record $150 a barrel
Oil prices could soar to a record high of more than $150 a barrel if the war between Israel and Hamas leads to a repeat of the full-scale conflict in the Middle East witnessed 50 years ago, the World Bank has warned.
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Kyrgyzstan calls for Iran to supply oil products, modernize refinery
SHANA (Bishkek) – Kyrgyzstan on Thursday requested Iran to supply oil products, particularly gasoline, gas oil, jet fuel, kerosene and bitumen, and overhaul and modernize one of its refineries.
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Iran ready to boost gas transit, says Mokhber in SCO address
SHANA (Bishkek) – First Vice President Mohammad Mokhber on Thursday voiced Iran’s readiness to develop the exploitation of gas transit potentials in line with its president’s initiative dubbed “Gas for Global Economic Recovery in Post-COVID Era”.
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Iran, Russia to conduct studies on gas transit
SHANA (Bishkek) – Iran and Russia agreed to make technical and economic studies on gas transit between the two countries in collaboration with Kazakhstan, Uzbekistan, and Turkmenistan.
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Tehran, Bishkek agree on refining projects in Kyrgyzstan: Iran’s first VP
SHANA (Bishkek) – Iran’s first vice president on Wednesday said Tehran and Bishkek agree to implement refining projects in Kyrgyzstan.
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SCO member states have great capacities for economic cooperation: Iran’s first VP
SHANA (Tehran) – Iran’s first vice president on Wednesday said the Shanghai Cooperation Organization (SCO) member states have great capacities for economic cooperation.
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Iran’s Owji says will discuss petrochemical exports to SCO member states in Kyrgyzstan
SHANA (Tehran) – Iranian Oil Minister Javad Owji said on Wednesday he will hold talks on exporting Iranian petrochemicals and other necessary products to the Shanghai Cooperation Organization (SCO) member states in Kyrgyzstan.