Armenian Minister Hails Iran’s ‘Astonishing’ Progress in Energy Sector

SHANA (Tehran) – Armenia’s minister of territorial administration and infrastructures visiting Iran Oil Show 2022 here on Sunday described the country’s progress in the energy sector as “astonishing”.

Deputy FM: Synergy Between Foreign, Petroleum Ministries in Exports Foils Enemies’ Plots

SHANA (Tehran) – Iranian Deputy Foreign Minister for Political Affairs Ali Bagheri Kani here on Sunday said the positive synergy established between the foreign and petroleum ministries in exporting oil has caused the enemies’ “maximum pressure” on the country to end in failure.

Petropars CEO: Four Wells of South Pars Phase 11 to Come Online by March 2023

TEHRAN (Shana) – The development of Phase 11 of South Pars gas field is underway and four wells will come on stream by the end of the current Iranian calendar year (which began on March 21, 2022), said the managing director of Petropars Company here on Saturday.

Oil Production to Increase in Azadegan Field

TEHRAN (Shana) -- The Director of Integrated Planning of the National Iranian Oil Company (NIOC) announced on Saturday that the company has planned to produce 570,000 barrels of oil from Azadegan field per day.

A Record in Iran’s Crude, Oil Products Transmission

TEHRAN (Shana) – Iran’s crude and oil products transmission hit the record high in the last Iranian calendar year (1400) reaching 128 billion liters, the CEO of the Iranian Oil Pipelines and Telecommunication Company (IOPTC) said on Saturday.

Iran Among World’s Energy Analysts

TEHRAN (Shana) -- The head of the Institute for International Energy Studies (IIES), Mohammad-Sadegh Jokar, announced on Friday that the world energy model of Iran (IWEM) has been implemented in this institute.

Investment in Information and Communications Technology Can Help Progress Projects

TEHRAN (Shana) -- The information and communications technology director of the National Iranian Oil Refining and Distribution Company (NIORDC) asked on Friday for making investments in information and communications technology field, saying the project’s progress will go through the investment in this area.

Qalibaf: Parliament Will Spare No Effort to Develop Oil Industry

Tehran (Shana) -- Iran’s Parliament speaker said on Friday that the legislature, as the facilitator and regulator, will spare no effort to help the country’s oil industry develop.

Minister of Petroleum on Sidelines of Iran Oil Show:

Knowledge-Based Firms Can Help Boost Oil, Gas Production

TEHRAN (Shana) – Iran can increase its oil and gas production in the current year by using knowledge-based firms, said the country’s minister of petroleum in Tehran on Friday.

Iran Oil Show, Demonstration of Iran’s Power

TEHRAN (Shana) -- The director of the 26th Iran Oil, Gas, Refining and Petrochemical Exhibition, Iran Oil Show, Majid Boujarzadeh, said the exhibition is an opportunity to display the achievements of domestic companies and demonstrate the country’s power and authority.

Owji: Iran Welcomes Local, Int'l Investors to Participate in Oil Industry

TEHRAN (Shana) – Iranian Minister of Petroleum, Javad Owji, emphasized the need to invest in Iran’s oil industry, adding, "we welcome all domestic and foreign investors."

Iran Oil Show Opens with 1,244 Exhibitors

TEHRAN (Shana) – The 26th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) kicked off on Friday with 1,244 exhibitors from 11 countries at Tehran’s permanent fairgrounds.

NPC Eyes Development of Petchem Industry by Relying on Domestic Capabilities

TEHRAN (Shana) -- The CEO of the National Petrochemical Company stressed the need for relying on domestic capabilities for the development of the petrochemical industry, calling for developers to consider national interests in developing the industry.

MOP Invests $5b in Environmental Projects

TEHRAN (Shana) -- The HSE director general of the Iranian Ministry of Petroleum has said that the ministry has invested about $5 billion in environmental projects, mostly in the field of collecting associated petroleum gas.

New Chapter Opens in Tehran-Havana Relations

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and Cuban President Miguel Diaz-Canel signed memoranda of understanding to expand cooperation between the two countries in various economic sectors.

No Restrictions on Developing Economic Ties with Nicaragua: Owji

TEHRAN (Shana) – The Iranian Minister of Petroleum said: "There are no restrictions for Iran and Nicaragua in developing economic relations."

PGPIC CEO Invites Brazilian Firms to Iran Petchem Industry

TEHRAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said: "Today, PGPIC has 14 projects under construction with a domestic return price of at least 15%, which is a good opportunity for foreign investment, and in this regard we welcome the investment of Brazilian companies."

Owji Inks 8 Agreements in Latin America

TEHRAN (Shana) -- During the Minister of Petroleum's visit to Latin America, four memoranda of understanding, two agreements in the field of oil and two agreements in the field of agriculture were signed.

Iran Seeking Expanded Ties in Central America

TEHRAN (Shana) -- During his visit to South and Central America, the Minister of Petroleum met with Nicaraguan President Daniel Ortega and Speaker of the National Assembly of the country.

Iran Eyes 5.7 mbd Oil Output

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company, emphasizing the importance of repairing and renovating the facilities of oil terminals, announced the prospect of the country's crude oil production capacity to 5.7 million barrels per day within the next eight years.

Iran-Venezuela Energy Cooperation Capacities Examined

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji headed a delegation to Venezuela, where he met with senior Venezuelan officials to emphasize development of Tehran-Caracas relations, especially in the field of energy.

Venezuelan President Stresses Need to Deepen Tehran-Caracas Energy Ties

TEHRAN (Shana) -- "It was a constructive meeting to deepen brotherhood ties and energy cooperation," the Venezuelan president wrote about his meeting with the Iranian Minister of Petroleum during the Iranian delegation's visit to Caracas.

Iran Keen on Tapping Capacity of Iran-Venezuela Ties: Owji

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said in his twitter account: "We want to use all our capacities to develop bilateral relations and cooperation.”

28th OPEC and non-OPEC Ministerial Meeting

TEHRAN (Shana) -- Following the conclusion of the 28th OPEC and non-OPEC Ministerial Meeting, held via videoconference on 5th May, it was noted that continuing oil market fundamentals and the consensus on the outlook pointed to a balanced market. It further noted the continuing effects of geopolitical factors and issues related to the ongoing pandemic.