Iran
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15th Iran Plast Int'l Showcase Kicks off
TEHRAN (Shana) -- The 15th Iran Plast International Exhibition started in the presence of Iranian Minister of Petroleum Javad Owji and with the participation of 430 domestic and foreign companies in four groups of raw materials, machinery, manufactured and semi-manufactured goods, and technical and engineering services.
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Defeat of US Maximum Pressure Campaign on Iran
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said that the US campaign of maximum pressure against Iran had failed, adding: "Oil industry workers are soldiers of economic jihad and at the forefront of the economic war."
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NIOC Inks Deal to Develop Sohrab Joint Field
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has signed a $800-million contract with Dana Energy Company for the development of Sohrab joint oilfield.
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IranPlast to host 300 Foreign Businesspeople
TEHRAN (Shana) -- The director of the 15th IranPlast International Exhibition said: “This year, the showcase will host 300 merchants from all over the world.”
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Project to Localize Turbocharger Control System Operational
TEHRAN (Shana) -- The project of localization of turbo compressor control system (NP) of Petaveh gas pressure boosting complex near Yasuj County was put into operation.
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Funding PGPIC Projects Accelerating: CEO
TEHRAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said: "This company seeks to accelerate the financing of the group's projects by tapping the capacities of the banking system and the capital market."
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Sophisticated Drilling Tools Localized
TEHRAN (Shana) – An Iranian knowledge-based company has successfully designed and localized Free Point tools in the field of drilling oil and gas wells.
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OPEC+ Agrees to Boost Output by 0.4 mbd in March
TEHRAN (Shana) -- The 23-member states of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a coalition called OPEC+) agreed at their 25th meeting to increase the group’s crude oil output by 400,000 barrels per day in March.
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Domestic Manufacturing Largely Supported
TEHRAN (Shana) -- Iran’s petroleum industry, while having an important and strategic position among the country’s industries, has high ability to take advantage of innovative opportunities to create value in its chain of activities. In this regard, strengthening the flow of knowledge-based economy and meeting the technological needs of industry through innovation capacity and relying on domestic potential are among top policies of the Petroleum Ministry in the current administration.
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World Oil and Gas Market in 2022
TEHRAN (Shana) -- As 2021 is coming to a close and 2022 arrives just fresh from the calendar, international oil markets seem to be quietly warming up for the beginning of a new era. The future for the oil and gas industry has changed for the better or worse.
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Iran Resume Oil Exports from Lavan Island
TEHRAN (Shana) -- The Single Buoy Mooring (SBM) of Lavan region returned to normal in the presence of the CEO of the Iranian Offshore Oil Company (IOOC), bringing crude oil exports from the island back to normal.
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40% Rise in Iran Oil Sales Compared to Last Month of Ex-Admin: Min.
TEHRAN (Shana) -- The Iranian Minister of Economy and Finance said that the sale of oil and gas condensate, while no agreement has been reached yet, has increased by 40% compared to the last month of the previous administration, which shows an active approach in difficult conditions.
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Bank Mellat Fully Ready to Boost Oil Investment
TEHRAN (Shana) -- The CEO of Bank Mellat announced the bank's 100% readiness as an energy bank to enhance investment in oil industry projects in hard currency and Rials.
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Export of 345,000 tons of LPG from Siraf Pars Port
TEHRAN (Shana) -- The operator of Siraf Pars port announced the export of 345,000 tons of liquefied natural gas from the refineries of site 2 of South Pars by January 20.
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Cumulative Rich Gas Output from South Pars at 2,000 bcm
TEHRAN (Shana) -- Director of Production and Operations of Pars Oil and Gas Company announced the cumulative growth of gas production from South Pars since the beginning of operation in 2002 at about 2,000 billion cubic meters.
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Plans under way to collect 10 mcf/d of gas from Haftkol Field
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said: “10 million cubic feet of associated petroleum gases from the oil facilities of Haftkol field will be collected and injected into the reservoir with the start of the operation of the skid-mounted gas collection station.”
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Oil Industry Pension Fund to Invest $3 billion in Oil Projects
TEHRAN (Shana) -- The chairman of the board of directors of the Oil Industry Pension Funds announced the formation of the High Council of Projects in the group of funds, and said: “$3 billion will be invested over three years for about 20 projects, which are mainly in the field of oil and energy.”
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Iran Petroleum Products Exports to hit $48b
TEHRAN (Shana) -- The chairman of the board of directors of the Union of Exporters of Petroleum, Gas and Petrochemical Products announced the forecast of $48 billion in exports of downstream petroleum products by the next Iranian calendar year.
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NIOC Welcoming Domestic, Foreign Oil Investment: CEO
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said: "If the oil industry and the country's capital market are combined, the jump in investment in the oil industry under the 13th administration will be materialized."
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NIOC Eyes 5.7mbd in 8 Years: Official
TEHRAN (Shana) -- The Director of Integrated Planning of the National Iranian Oil Company (NIOC) announced the company’s plans to ramp up Iran's crude oil production capacity to 5.7 million barrels per day over the next eight years.
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Russian Firms to Expedite Iran Oil Projects: Official
TEHRAN (Shana) -- Mehran Amir Moeini, Deputy Director of Marketing and Gas Operations of the International Department of the National Iranian Oil Company (NIOC) said: “Given the progress it has made in the gas sector, including large-scale projects, especially in deep-water, drilling technology and project financing, Russia can facilitate implementation of projects such as the development of gas fields, liquefied natural gas (LNG) plants and construction of pipelines in deep water projects in Iran by transferring these experiences to the country.”
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New Strategy for Running Int'l Projects at IGEDC
TEHRAN (Shana) -- The CEO of the Iranian Gas Engineering and Development Company (IGEDC) stated: “There are many opportunities to improve and advance in the management of the company's projects with a new strategy for implementation of international projects that should be utilized by taking advantage of internationally valid models and maximum use of the available competencies.”
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Iran, 7th Largest Turbine Manufacturer
TEHRAN (Shana) -- Iran has become the seventh largest turbine manufacturer in the world with the support of Iranian Gas Engineering and Development Company (IGEDC).
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Russian Firms to Develop Iran Oil, Gas Fields
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the development of Iran's oil and gas fields with the participation of Russian companies.
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President Raisi: Sanctions Cannot Stop Iran's Progress
TEHRAN (Shana) – Iranian President Seyyed Ebrahim Raisi in a meeting with his Russian counterpart Vladimir Putin in Moscow on Wednesday underlined that the unlawful sanctions have failed to prevent Iran from making progress in different areas.
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Owji: Iran, Russia to make Good Decisions in Gas Trade
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji explained the highlights of his meeting with Russian officials, and said: "Good decisions have been made in the field of gas trade, which can lead to transformation in the region."
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Phase 11 Gas Production Next Year
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said: "Development and completion of phase 11 of South Pars Gas Field is one of the main priorities of the National Iranian Oil Company (NIOC). In the development plan of phase 11, we are now drilling wells and part of gas recovery from the phase will begin next [calendar] year."
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Iran to Become Key Player in Energy Market in Coming Year
TEHRAN (Shana) -- The head of the Planning and Budget Organization said: “Iran, having the largest oil and gas reserves, will be one of the key players in the energy market in the coming years.”
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Iran to Export Energy Services to Europe
TEHRAN (Shana) -- Iranian Gas Engineering and Development Company (IGEDC) has signed a memorandum of understanding with a European company for engineering services and construction of gas transmission lines, gas pressure boosting facilities and development of gas storage tanks.
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Bu Ali Sina Petchem Plant Output 112% of Nameplate Capacity
TEHRAN (Shana) -- The commercial director of Bu Ali Sina Petrochemical Plant announced the rise in the facility’s output, adding the plant’s production is 112% of its nameplate capacity.