Iran
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FM Spokesman:
Iran Reserves Right to Develop Arash Joint Gas Field
TEHRAN (Shana) -- Reacting to the newly announced agreement between Saudi Arabia and Kuwait regarding the Arash/al-Dorra joint gas field, the Foreign Ministry spokesman said: "Iran reserves the right to develop this joint gas field."
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Iran Fully Receives Oil Money: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: “The enemy is trying to prevent a jump in Iran's oil exports by seizing our ships. …We took oil to places that the Americans would not even think of.”
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South Pars Phase 14 Refinery Online
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the first train of the refining facility of South Pars Phase 14 has come on stream by sending refined gas to the national gas transmission network.
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Iran Petrol Export at 2ml/d
TEHRAN (Shana) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the country was exporting an average of 2 million liters of petrol per day.
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MOP not sitting out Nuclear Talks: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the ministry was not kept waiting for the outcome of the nuclear talks in Vienna and was progressing activities in the oil industry by relying on domestic experts and capabilities.
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MOU Signed for Phase II of Masjed Soleyman Oilfield Development
TEHRAN (Shana) -- The CEO of Petroleum Engineering and Development Company (PEDEC) announced signing of the Memorandum of Understanding for the second phase of Masjed Soleyman oil field development project.
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Production Capacity of Danan Field Enhanced
TEHRAN (Shana) – The CEO of Iranian Central Oil Fields Company (ICOFC) said three new wells have come online since late February at Danan Oilfield which have added 5,000 barrels per day to the field’s production capacity.
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NITC Orders 113,000-ton Tanker to Local Builders
TEHRAN (Shana) -- The CEO of the National Iranian Tanker Company (NITC) announced that his company has ordered construction of an Aframax tanker to domestic companies.
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Iran Keen on Gas Export to Neighbors
TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) voiced Iran’s preparedness to export natural gas to its neighbors such as Turkey, Iraq, Pakistan, Afghanistan, Turkmenistan, etc.
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Iran-Russia to Bolster Energy Ties
TEHRAN (Shana) -- The Iranian Deputy Minister of Petroleum for International Affairs and Trade said: "Iran and Russia, with the cooperation of each other and some other major countries, can figure out new equations in the field of international economy."
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US Fueling Oil Price Tensions Seeking New Energy Strategy: Expert
TEHRAN (Shana) -- Explaining the latest developments in the oil market, the Director General of OPEC and Relations with Energy Communities Department of the Ministry of Petroleum said: "The United States is trying to change the strategy of new energies and save the use of these energies by fueling oil price tensions."
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Future of Iran in Energy Market Hinged on Understanding Trends
TEHRAN (Shana) -- The caretaker of the Institute for International Energy Studies (IIES), stating that the purpose of IIES is to become a think tank, stressed that the future of Iran in the energy market requires an understanding of trends.
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$18b Allocated to New Refining Projects
TEHRAN (Shana) -- The CEO of the National Iranian Oil Engineering and Construction Company announced the allocation of $18 billion to the development of new refining projects under the Raisi administration.
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Rising oil prices, Chance for Iran to retake Market Share
TEHRAN (Shana) -- The chairman of the board of the Iranian Oil, Gas and Petrochemical Union believes that the increase in energy prices could provide a great opportunity for Iran to return to world oil markets.
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Owji Tweets on Oil Industry Investment
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced in a post on his Twitter account that more than 45 contracts and memorandums worth $15.6 billion have been signed in the first six months of the Raisi administration.
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Iran Oil Exports Rising regardless of Vienna Talks
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC), referring to the desire of Asian companies to buy Iranian crude oil despite the sanctions, said: "Regardless of the outcome of the JCPOA talks, and given the high demand for oil in the market, Iran will continue to boost its sales.”
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Iran exports Gasoil Shipments to Asia
TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced the export of three shipments of Iranian diesel to Asian countries last month.
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Iran to invest $4b in Khuzestan Oil Industry
TEHRAN (Shana) -- The Executive Vice President, stating that $4 billion will be invested in the oil sector in Khuzestan province, said: "The entire administration, Imam Khomeini Headquarters, the Foundation for the Oppressed and the operating banks have closed ranks to upgrade Khuzestan to its true status."
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MOP not Kept by Vienna Talks
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the Ministry of Petroleum was not kept waiting for the result of the Vienna talks, adding an oil contract is being signed with local developers every two to three weeks.
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Bu Ali Sina Petchem Output Passes 110% of Installed Capacity
TEHRAN (Shana) – The Commercial Director of Bu Ali Sina Petrochemical Plant said: "The result of trust in domestic engineers and specialists is that the complex’s output has reached 110% of its nominal capacity."
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Bidboland Persian Gulf Gas Storage Facility, Wharf Launched
TEHRAN (Shana) -- The facilities and storage tanks for export products and the independent wharf of Bidboland Persian Gulf Gas Refining Company were officially commissioned in the southwestern city of Mahshahr.
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Investment in Oil Industry, a Vital Necessity: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said investment in the petroleum industry of the country was very crucial for the country, promising that by the end of the current administration all the associated gas in east and west Karoon regions would be collected.
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Iran Tapping Capacity of Banks, Holdings to Finance Oil Projects
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said his Ministry would not be delayed by foreign investors and was using the power and capacity of large holdings and a consortium of domestic banks to carry out projects in the industry.
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Iran Eyes 500 mcf APG Collection in 2 Years
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "I can confidently say that about 500 million cubic feet of associated petroleum gas (APG) will be collected in the next one to two years to be fed to petrochemical complexes."
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Iran Ready to Ramp up Output ASAP
TEHRAN (Shana) -- Iranian Minister of Petroleum Javad Owji said the country would readily enhance its crude oil output to help stabilize the global market.
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Iran, Tajikistan to Expand Oil, Gas Ties
TEHRAN (Shana) – The Iranian Minister of Petroleum said that the Iran-Tajikistan Energy Working Group has been formed, adding that the level of trade between the two countries would pass 500 million Euros.
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OPEC+ Agrees to Ramp up Output by 400k bpd in April
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies, the OPEC+ coalition, agreed at their 26th meeting to increase production by 400,000 barrels per day in April.
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26th OPEC+ Meeting Begins
TEHRAN (Shana) -- The 26th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a Coalition called OPEC+) began a few minutes ago via videoconference.
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Director Projects at NPC Appointed
TEHRAN (Shana) -- The CEO of the National Petrochemical Company appointed Ahmad Shokri as the director of projects of the company.
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Head of NPC Legal Affairs Appointed
TEHRAN (Shana) -- The CEO of the National Petrochemical Company issued a decree appointing Fatemeh Nateghi as the head of legal affairs of the company.