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NIOC CEO unveils 16 new exploration blocks
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Sunday unveiled 16 new exploration blocks.
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OPEC holds global oil demand view steady, cites U.S. debt ceiling risks
OPEC's global oil demand forecast for 2023 was held steady for a third month, with the producer group citing the potential Chinese growth to be offset by downside economic risks elsewhere such as the U.S. debt ceiling.
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MP hails Oil Ministry’s energy diplomacy promotion, sustainable gas supply
SHANA (Tehran) – The Iranian Parliament’s Plan and Budget Committee spokesman on Sunday lauded the incumbent Oil Ministry’s “successful” record in promoting energy diplomacy despite U.S. sanctions and supplying gas sustainably.
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Forouzandeh: Over 200 foreign companies to attend Iran Oil Show
SHANA (Tehran) – More than 200 foreign companies from 13 countries will participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, aka Iran Oil Show 2023, the Ministry of Petroleum’s public relations director announced here on Saturday.
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MP: Owji’s Iraq visit shows govt. will to promote energy diplomacy
SHANA (Tehran) – An Iranian lawmaker on Saturday said the visit Oil Minister Javad Owji paid to Iraq signals the government’s determination to develop energy diplomacy in the region.
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Owji: Tehran, Baghdad agree to extend Iran gas export contracts for five years
SHANA (Baghdad) – Iranian Oil Minister Javad Owji said Tehran and Baghdad have agreed to extend the contracts on Iran’s gas exports.
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Iran, Iraq oil ministers sign MoU
SHANA (Baghdad) – Iran’s Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdel-Ghani here on Wednesday signed a memorandum of understanding (MoU).
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Iran-Iraq Joint Supreme Committee meets ahead of Owji’s Baghdad visit
SHANA (Tehran) – Iran-Iraq Joint Supreme Committee held a meeting on Tuesday to discuss the expansion of bilateral ties in the oil sector.
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OPEC+ cuts aimed at balancing oil market, UAE energy minister says
The additional voluntary output cuts announced by the OPEC+ alliance of 23 oil producers in April are aimed at balancing the oil market, the UAE's minister of energy and infrastructure said.
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Owji at HSE meeting:
Accidents in oil industry down 35% over 15 years
SHANA (Tehran) – Iran’s oil minister on Tuesday said accidents in the oil industry have been reduced 35 percent during the past 15 years.
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NIOC head: Iran oil output up 600,000 bpd under incumbent administration
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Monday said the country’s crude oil production has been increased by 600,000 barrels per day (bpd) under the 13th (incumbent) administration.
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Saudi Arabia cuts June crude prices for Asia
Saudi Arabia, the world's top oil exporter, has cut the price of its June flagship crude to Asian buyers for the first time in four months, following a plunge in refining margins.
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Deputy PM: Russia sticking to its oil output cuts
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 barrels per day (bpd) from February until the end of the year.
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At opening ceremony of Iran Expo 2023:
President lauds ‘considerable’ achievements in petrochemical industry
SHANA (Tehran) – Iran’s president on Sunday praised the “considerable” achievements in the country’s petrochemical, steel, and other industries.
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Iran, Syria sign MoU, outline roadmap for cooperation in oil industry
SHANA (Tehran) – Iran and Syria signed a memorandum of understanding (MoU) and outlined a roadmap for cooperating in oil, gas, refining, and petrochemical sectors.
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NIOC head says Iran oil exports have doubled under incumbent administration
SHANA (Tehran) – The managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.
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NIORDC head: Shahid Soleimani Refinery-Integrated Petrochemical Plant project to start this spring
SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the operations of Shahid Soleimani Refinery-Integrated Petrochemical Plant project will begin this spring.
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President: Iran ready to share oil industry achievements with Syria
SHANA (Tehran) – Iran’s president on Thursday voiced his country’s readiness to share its achievements in energy, oil, gas, petrochemical, electricity, scientific, and technological sectors with Syria.
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Iran breaks West monopoly in turboexpander manufacturing
SHANA (Tehran) – Iran’s Shazand Petrochemical Company has managed to manufacture turboexpander, breaking the West’s monopoly.
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Oil extends losses ahead of expected interest rate hikes
Oil prices fell 4% on Wednesday, extending steep losses from the previous session, as investors fretted about the health of the U.S. economy ahead of an expected Federal Reserve interest rate hike later in the day.
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In the presence of Iran, Syria presidents
Tehran, Damascus sign oil, energy agreements
SHANA (Tehran) – Iran and Syria signed a comprehensive plan for strategic and long-term cooperation and 14 other documents, including oil and energy agreements, in Damascus on Wednesday.
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Oil minister accompanying Raeisi arrives in Damascus
SHANA (Tehran) -- Iran's President Seyyed Ebrahim Raeisi accompanied by some ministers, including Oil Minister Javad Owji, arrived in Damascus on Wednesday.
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Oil minister at 14th IPF:
Iran’s oil output rises in 20 months, tops 3 mbd
SHANA (Tehran) – Iran’s oil minister said the country’s oil production has risen to over 3 million barrels per day (mbd) in the past 20 months ago.
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Ambassador: Russians keen to use Iran petrochemical technology, products
SHANA (Tehran) – Iran’s ambassador to Moscow on Monday said Russians are eager to use his country’s petrochemical technology and products.
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Ambassador: Urea fertilizer main product Iran exported to Brazil last year
SHANA (Tehran) – Iran’s ambassador to Brasilia on Monday said urea fertilizer was the main product his country exported to Brazil in the year to March 20, 2023.
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Oil slips on weak China demand fears, U.S. rate rise forecast
Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest rate increase weigh on the market.
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In the presence of oil minister
Document on development and completion of petrochemical industry’s value chain unveiled
SHANA (Tehran) – The document on development and completion of value chain of petrochemical industry was unveiled in the presence of Oil Minister Javad Owji and National Petrochemical Company (NPC) Managing Director Morteza Shahmirzaei on Monday.
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Domestic, foreign investors invited to fund $6b Bandar Abbas project
SHANA (Tehran) – The SHASTAN Trading Investment Company deputy on Monday invited domestic and foreign investors to take part in the first phase of a refinery-integrated petrochemical plant project in Bandar Abbas, southern Iran.
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NPC chief in 14th IPF opening speech:
Gap between real petrochemical output, installed capacity to be narrowed this year
SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director on Monday said the gap between the industry’s real output and installed capacity will be reduced.
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14th Iran Petrochemical Forum kicks off in Tehran
SHANA (Tehran) – The 14th Iran Petrochemical Forum (IPF) kicked off at IRIB International Conference Center (IICC) here on Monday.