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.

OPEC+ Sticks to Output Growth Plan for June

TEHRAN (Shana) -- The 23 members of the Organization of THE Petroleum Exporting Countries and its allies (OPEC+) agreed at their 28th meeting to add 432,000 barrels to the group’s daily crude oil output in June.

Owji meets with Iraqi Minister of Electricity

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and the Minister of Electricity of Iraq emphasized the development of cooperation between the two countries in the oil and gas sector.

MoU Signed to Finance Oil Depot in Bandar Abbas

TEHRAN (Shana) – A financial memorandum of understanding was signed on Tuesday for construction of Shahid Nader Mahdavi Oil Depot in the southern province of Hormozgan in the presence of Iranian Minister of Petroleum Javad Owji.

Well No. 22 of Ahvaz Field Complete 11 Days ahead of Plan

TEHRAN (Shana) -- Synergy and cooperation between the specialists of the National Iranian Drilling Company (NIDC) and the National Iranian South Oil Company (NISOC) led to the early implementation of the repair and completion operation of Well No. 22 in the Ahvaz oil field by using Fath 52 Drilling Rig.

Optimal Use of Flare Gas Envisaged

TEHRAN (Shana) -- Over the past century in Iran, the flaring of associated petroleum gas (APG) has had adverse impacts on the environment and endangered the health of the local community of oil and gas industrial areas. Turning off these flares is a must both economically and is in compliance with international obligations. Therefore, Iranian petrochemical companies have moved to make long-term investment in this sector with a view to ensuring sustainable feedstock supply. A case in point is the Bidboland 2 gas refinery.

NPC CEO Invites Russian Firms to Join Petchem Projects in Iran

TEHRAN (Shana) -- The CEO of the National Petrochemical Company considered the feedstock available for the development of the petrochemical industry in Iran as an important advantage, and said: "I invite Russian companies to exploit this suitable opportunity to invest in the Iranian petrochemical industry."

Connecting to New Export Pipelines, Priority of Refining Industry

TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said: "In addition to stabilizing the capacity of gasoline production, increasing the number of tanks and connecting to the export lines of petroleum products is one of the important programs pursued in the refining industry."

CEO of Persian Gulf Star Refinery Appointed

TEHRAN (Shana) -- Alireza Jafarpour Boroujeni was appointed as the CEO of the Persian Gulf Star Oil Refinery with the approval of the Board of Directors of the Persian Gulf Star Oil Company.

FM Spokesman:

Iran Selling Oil in World Markets

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said all crude oil allocated to the export sector would be sold in world markets.

150 KBCs Ready to Join Iran Oil Projects: Owji

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said 150 knowledge-based companies have announced their readiness to cooperate with the oil industry.

Arash Field Not to Be Developed before Iran-Kuwait Border Demarcation: FM Spokesman

TEHRAN (Shana) -- The spokesman for the Ministry of Foreign Affairs said: "There are undetermined borders between Iran and Kuwait that should be demarcated. The Islamic Republic of Iran has stated that there should be no exploitation in Arash Field before the demarcation."

When Numbers Speak Out!

600k Barrels Growth in Output of Southern Fields under Raisi

TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) said the fields operated by the company have witnessed a 600,000-barrel/day growth in their output under the Raisi administration.

CEO of CIOFC Appointed

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) appointed Mehdi Heidari as the CEO of the Central Iranian Oil Fields Company.