Iran
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Value-Added, Top Petchem Priority
TEHRAN (Shana) -- By 2040, the annual market demand for petrochemicals and polymer products will be growing by 4.5 percent, while annual demand for petroleum products will be growing by less than 1 percent, indicating the importance of investing in and focusing on this value-added industry.
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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.
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Energy Transition: Fact from Fiction
TEHRAN (Shana) -- Modern history is totally acquainted with energy shocks, shortages, price hikes and panics on the buyers’ side and on the sellers’ side as well. But the current worldwide rising energy prices and large scale volatility for all key fuels and sources, is something entirely new and never experienced before. It is in fact puzzling in a way that no game theorists and econometricians could cope with and accommodate it. From Colorado minus $40 a barrel to plus $ 95 per barrel early February 2022 is something never seen before. This is a challenge to the consumers, suppliers, governments, bankers and societies everywhere.
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Greenhouse Gas Emissions Falling in NISOC-Run Areas
TEHRAN (Shana) -- Oil companies in Iran are required to curb their greenhouse gas emissions. National Iranian South Oil Company (NISOC), which supplies 80% of Iran’s oil, has adopted a series of measures including gas flaring control, energy loss management and processing supervision to cut greenhouse gas emissions by many affiliated production companies. Mohammad Reza Naderi, head of HSE at NISOC, tells “Iran Petroleum” that production of 33 million tonnes of carbon dioxide could be prevented.
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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."
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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."
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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.
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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.
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Iran joins Club of Welded Ball Valves Repairers
TEHRAN (Shana) -- The CEO of the National Iranian Gas Company (NIGC) announced that Iran has joined three other countries with the knowledge of repairing fully welded ball valves in different types and sizes.
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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.
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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."
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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.
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Construction of Soleimani Petro-refinery to begin Soon
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said construction of a 300,000-barrel/day petro-refining plant will begin during the current calendar year, which began on March 21.
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Iran Wins Lawsuit against French Firm
TEHRAN (Shana) -- The CEO of Iranian Gas Engineering and Development Company (IGEDC) announced the €39 million ruling of the International Court of Arbitration in favor of Iran, and added that Iran has won a legal lawsuit with the French company Sofregaz.
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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.
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MOGC Fully Realizes Production Plan
TEHRAN (Shana) -- The CEO of Maroon Oil and Gas Production Company announced the 100% fulfillment of the company's production plan for the calendar year of 1400 which ended on March 20.
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Gas Production to be Resumed at Salman Platform Soon
TEHRAN (Shana) -- The production manager of the Iranian Offshore Oil Company said: "After repairing the damaged gas pipeline from Salman field to Siri and Assaluyeh islands, the production and transfer of natural gas from the joint field will be resumed within the next month."
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Bidboland Gas Refinery to Supply Propylene
TEHRAN (Shana) -- The CEO of Bidboland Persian Gulf Gas Refining Company, announcing that the executive operation of the PDH project of the company for production of propylene from propane, would begin soon, said: “The company also plans to complete the polypropylene production chain.”
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IOOC Plans to Enhance Output
TEHRAN (Shana) -- The CEO of the Iranian Offshore Oil Company (IOOC) outlined the company's significant steps to increase oil production capacity from Iran's offshore fields in the Persian Gulf and restore production capacity to before the sanctions.
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Iran Gas Industry, Dormant Giant: Expert
TEHRAN (Shana) – A senior expert in energy economics says that the world looks at Iran's gas industry as a dormant giant and is aware of its capabilities in the field of gas and oil. "Good management and governance in the energy sector always requires avoiding haste," he said.
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Oldest Refinery in ME to be Renovated with $1.2b Investment
TEHRAN (Shana) – The operator of Abadan Refinery Development and Stabilization Project, referring to the contract of the Refinery Development and Stabilization Project with the aim of optimizing and making it profitable, announced that the standard of products and capacity consolidation of the refinery is being implemented by constructing new units and renovation of old units.
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Min. Says Methods of Selling Oil, not to be Disclosed
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the methods through which his ministry sold crude oil and gas condensate could not be disclosed, adding the ministry has fulfilled its budget obligations by 110% during the previous Iranian calendar year which ended on March 20.
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Iran's Crude Oil Production Capacity at Pre-Sanctions Levels: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the current capacity of oil production in Iran has exceeded 3.8 million barrels per day, reaching the pre-sanctions levels.
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Iran Exports Petrol, Gasoil in Esfand
TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced the export of one petrol shipment and three gasoil shipments in the month of Esfand (the 12th month in the Persian calendar which ends on March 20).
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Iran Gas Consumption at 238 bcm in 1400
TEHRAN (Shana) -- The National Iranian Gas Company (NIGC) announced a 5 billion cubic meters increase in natural gas consumption of the country in the calendar year of 1400 which ended on March 20 compared to the preceding year.
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Deputy Min. Outlines NPC Plans
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) announced the realization of the production plan of the petrochemical industry for the previous calendar year, which ended on March 20, and said: "The NPC status has become much stronger after privatization and can be more dynamic today than before, provided more precise planning, monitoring and control."
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Owji Meets with Armenian Advisor to Armenian Premier
TEHRAN (Shana) -- Iranian Minister of Petroleum received the visiting advisor to the Armenian prime minister in Tehran on Monday, March 28.
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Owji Receives Advisor to Armenian Prime Minister
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji met with the Advisor to the Prime Minister of Armenia on Monday to discuss cooperation in the field of energy.
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NIOC Eyes 4mbd Crude Oil Output in 2022
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the prospect of a daily production capacity of 4 million barrels of crude oil in the calendar year of 1401 which began on March 21.