Iran
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Petchem Feedstock to double by 2030
TEHRAN (Shana) -- The CEO of the National Petrochemical Company said feedstock supply to petrochemical plants was planned to more than double from an equivalent of 1.1 million barrels per day to 2.6 mbd by 2030.
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Pars Region Petchem Plants Earmark Rls. 3,200b in CSR
TEHRAN (Shana) -- The head of the strategic council of petrochemical companies in the Pars region said the investment of this council in the field of social responsibility will increase to 3,200 billion Iranian rials during the next calendar year which starts on March 21.
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50% Rise in Output of Ilam Gas Refinery
TEHRAN (Shana) -- The CEO of the Iranian Gas Engineering and Development Company, during a visit to the development project of the second phase of Ilam Gas Refinery, emphasized on accelerating the operation of different parts of the strategic project.
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Bandar Imam Petchem Plant Localizes 12,000 Items
TEHRAN (Shana) – Bandar Imam Petrochemical Plant has successfully localized manufacturing of 12,000 items and parts as well as 2,350 mechanical fluids besides inking 8 memoranda of understanding (MoUs) with knowledge-based companies.
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Arvand Petchem Plant Unveils Iranian Decanter Centrifuge
TEHRAN (Shana) -- The Iran-made decanter centrifuge of the suspension PVC unit, which was designed and built for the first time in the country by the order of Arvand Petrochemical Company, was unveiled in the presence of the Vice President for Economic Affairs.
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200 Items Localized at Noori Petroch Plant
TEHRAN (Shana) -- The head of Noori Petrochemical Complex said over 80% of the catalysts and chemicals used in the plant are supplied domestically, adding that over 200 new items have so far been localized in the facility since the beginning of the current Iranian calendar year which began on March 21.
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New-Generation Turbo-compressor built in Shurijeh Gas Storage Project
TEHRAN (Shana) -- MAPNA Group has built a new turbo-compressor in Shurijeh gas project.
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Iran, Iraq Discuss Gas Ties in Doha
TEHRAN (Shana) -- The Iranian and Iraqi oil ministers discussed ramping up Iran's gas exports to Iraq and settling Iraq's gas debt to Iran in a meeting in Doha, Qatar.
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Iran, Russia, Azerbaijan Stress Enhanced Gas Cooperation
TEHRAN (Shana) -- The oil and energy ministers of Iran, Russia and Azerbaijan discussed gas cooperation on the sidelines of the meeting of the Gas Exporting Countries Forum (GECF).
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40% of Oil Export Revenue, Share of NDFI
TEHRAN (Shana) -- The members of the Islamic Consultative Assembly agreed to determine a 40% share for the National Development Fund of Iran (NDFI) in the revenues reaped from the export of crude oil and gas condensate in the budget bill of the calendar year of 1401 which begins on March 21.
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Petchem Deals worth Rls.150t Signed with Local Firms
TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said 200 memoranda of understanding (MoUs) valued at a total of 150,000 billion Iranian rials have been signed between PGPIC subsidiaries and local manufacturers.
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Petchem Firms Supplying $250m to Nima System Weekly
TEHRAN (Shana) -- The Secretary General of the Petrochemical Industry Employers' Association announced an 8.5% growth in production and 8% in exports of petrochemicals year-on-year, saying: "Currently, $250 million of hard currency is being injected into the Nima system by petrochemical companies every week."
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$70 Oil, 1.4 mbd Sales Envisaged in Budget Bill
TEHRAN (Shana) -- The spokesman of the presidium of the Islamic Consultative Assembly said: “With the positive vote of the representatives in the open session, the amount of oil exports in the next calendar year will be considered at 1.4 million barrels per day at a price of $70/b.
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Iran’s President Raisi Addresses GECF 6th Summit
TEHRAN (SHANA) – Iranian President, Seyyed Ebrahim Raisi, delivered a speech at the Sixth Summit of the Heads of State and Government of Member Countries of the Gas Exporting Countries Forum (GECF) held on Tuesday February 22, 2022 in Doha, Qatar.
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Iran, Venezuela Sign Oil MoU
TEHRAN (SHANA) – Iran and Venezuela signed a Memorandum of Understanding (MoU) to boost cooperation in various areas of oil industry.
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President: This Trip Is a Transformative Step in Iran-PG States Ties
TEHRAN (SHANA) –President of the Islamic Republic of Iran said on Tuesday that Tehran is looking for a change in regional relations, adding the trip to Doha will create a new chapter in Iran-Qatar relations and considered a transformative step in the relations with neighboring countries, especially those in Persian Gulf.
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Iran, Qatar Sign 14 Cooperation Documents
TEHRAN (SHANA) – Tehran and Doha signed 14 cooperation documents in different sectors on Monday.
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Iran Activating Energy Diplomacy
TEHRAN (Shana) -- Ahmad Assadzadeh has been officially named deputy minister of petroleum for international affairs and trading.
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Iran Contractors Engaged in Oil Industry
TEHRAN (Shana) -- Over recent years, due to the support programs of the Petroleum Ministry for Iranian manufacturers and contractors, the presence of these companies for the development of Iran's oil industry has been highly significant. Accordingly, considering the development plan of the Petroleum Ministry in the new government and also enhancing the quality of activity of Iranian companies, the expansion of bilateral cooperation with these companies is on the agenda of the Petroleum Ministry.
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No Surrender to Gas Rivals
TEHRAN (Shana) -- A three-nation gas swap contract signed by Iran, Turkmenistan and Azerbaijan recently took effect in late December. The contract signed on 28 November 2021 on the sidelines of the 15th ECO Summit calls for the supply of 1.5-2 bcm a year of Turkmen gas to Azerbaijan via Iran’s soil.
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Karoon Petchem Plant Eyes 35 Items in Production Basket
TEHRAN (Shana) -- The CEO of Karoon Petrochemical Company said: "Today, 17 products are being produced in this complex, and there is a capacity to increase the variety of products to 35."
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South Azadegan Output up 15,000 b/d by March
TEHRAN (Shana) -- The CEO of the Petroleum Engineering and Development Company (PEDEC) said: "We are trying to enhance the production capacity of the Azadegan South oil field by 15,000 barrels by the end of the current calendar year, which began on March 21."
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2001C Bu Ali Sina Petchem Reservoir Commissioned
TEHRAN (Shana) -- The 2001C tank of Bu Ali Sina Petrochemical Company, which was destroyed in a fire in 2016, was put into operation in a ceremony attended by the CEO of the Persian Gulf Petrochemical Industries Company (PGPIC).
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Iran Daily Gas Transmission Capacity by 10 mcm
TEHRAN (Shana) -- The CEO of the Iranian Gas Engineering and Development Company (IGEDC) announced that with the operation of the company's new projects, the daily gas transmission capacity of the country has increased by 10 million cubic meters.
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Iran to Double Petchem Output by 2032
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) announced that the production capacity of Iran's petrochemical output will more than double by 2032.
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Iran Gaining Prominent Status with MOP Efforts
TEHRAN (Shana) – Iranian President Ebrahim Raisi said that today in different parts of the Ministry of Petroleum, the spirit of jihad prevails, adding the measures taken by the ministry can place the country in a superior status not only in west Asia but also the world arena.
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Iran eyes $14b Petchem Revenue
TEHRAN (Shana) – The Deputy Minister of Petroleum for Petrochemical Affairs announced the supply of 12.5 billion dollars from the export of petrochemical products to the Nima system by the end of the current calendar year, which began on March 21, and said: "Export revenue is expected to reach 14 billion dollars by the end of the year in the petrochemical industry.”
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$500m AGP Collection Deals Signed in East Karoon
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said $500 million worth of contracts have so far been signed for collection of associated petroleum gas (APG) for the fields located in the East Karoon region.
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Iran Plast held with Exhibitors from 5 Continents despite Bans
TEHRAN (Shana) -- The director of Iran Plast International Exhibition said: "The 15th edition of this exhibition is being held despite the oppressive sanctions against Iran's oil industry, in the presence of a large number of companies, traders and representatives of foreign countries from five continents."
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Iran Eyes 200 mt/y Petchem Output by 2032
TEHRAN (Shana) -- The Deputy Minister of Petroleum for Petrochemical Affairs said: “The installed capacity of the petrochemical industry will reach more than 140 million tons by the end of the seventh development plan and in a 4-year horizon and by the end of the eighth plan about 200 million tons per year.”