Iran
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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.
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Oil Revenues Grow Sharply under Raisi Admin
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said in a post on his Twitter account: “The collection of oil revenues in the 13th administration has jumped significantly compared to before, and its money is being collected regularly.”
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Oil Sales Much Better than Before: CBI
TEHRAN (Shana) – The governor of the Central Bank of Iran (CBI) said, "The government's revenue from the sale of oil and its byproducts is a good source of government funding," adding currently sale of oil and petroleum products has been much better than the past.
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Iran Oil Sales Dramatically up in Last 10 Months
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says the country’s oil sales have ramped up dramatically over the course of the past 10 months.
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NIOC Calls on Banks, Petchem Holdings to Bankroll Upstream Oil Projects
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) stated that several investment plans have been foreseen for the development of oil projects, and announced negotiations with banks and petrochemical holdings to finance upstream oil projects.
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$80-90/b Oil Price Favorable: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said that the price of oil between 80 to 90 dollars per barrel would be favorable for both consumers and producers.
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Petropars CEO Appointed
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company appointed Seyed Shamsuddin Mousavi as the CEO of Petropars Company.
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Iran Oil Exports up 40%: President
TEHRAN (Shana) – Iranian President Seyyed Ebrahim Raisi said, "We are honorably pursuing lifting of the sanctions," adding that Iran's oil exports have increased to such an extent that “we are no longer worried about exports which have seen a 40% growth under the 13th administration.”
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Refining Capacity of Hormozgan to hit 1.55 mbd
TEHRAN (NIPNA) – Iranian Minister of Petroleum Javad Owji said that the refining capacity of the southern province of Hormozgan was planned to reach 1.55 million barrels per day.
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CEO of PGPIC Appointed
TEHRAN (Shana) -- The head of the board of directors of the Persian Gulf Petrochemical Industries Company (PGPIC) appointed Abdul Ali Ali Asgari as the CEO of the holding company.
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NISOC Planning to Invest $200m on Renovating Equipment
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) said his company had received approvals to invest $200 million for renovating its equipment and facilities in oil-rich regions.
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NISOC Bracing for 3 mbd Crude Oil Output
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) said his company would be prepared for 3 million barrels per day of crude oil output by the end of the current calendar year, which began on March 21.
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Oil Money Collected: NIOC
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said: "Sales of Iranian oil and gas condensate have increased well and export oil money is collected. We plan to return oil production capacity to pre-sanctions levels by the end of the current calendar year, which began on March 21.”
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OPEC+ Sticks to Production Policy for February 2022
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+ Coalition) agreed at their 24th meeting to boost the group’s output by 400,000 barrels per day in February 2022.
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24th OPEC+ Meetings Begins
TEHRAN (Shana) -- The 24th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a coalition called OPEC+) began minutes ago vial videoconference.
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Iran Welcomes Cooperation with Persian Gulf States: Official
TEHRAN (Shana) -- The Deputy Minister of Petroleum for International Affairs and Trading said: "Sanctions as a disturbing variable are not ineffective in our cooperation, but in the years after the revolution we have had many disturbances and relying on rich domestic capabilities can turn these threats into opportunities and force the enemy to regret their threats.”
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Haitham al-Ghais Elected as 24th OPEC Secretary General
TEHRAN (Shana) -- Haitham al-Ghais, Kuwait’s former OPEC governor, has been elected the organization's 24th Secretary General.
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OPEC Convenes to Elect New Sec. Gen.
TEHRAN (Shana) -- The special meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) began a few minutes ago with the aim of electing a new Secretary General for the Organization.
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Innovation Diplomacy on MOP Agenda: Deputy
TEHRAN (Shana) -- The Deputy Petroleum Minister for International Affairs and Trading said: "After the signing of the gas swap agreement, attractive proposals were made by some countries in the region, which we are pursuing. If these proposals lead to signing of a contract, a good thing will happen in the field of energy diplomacy.”
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Turkmen Gas Swap Operation Launched
TEHRAN (Shana) -- Turkmenistan gas swap agreement from Iran to Azerbaijan came on stream on Saturday, January 1, 2022.
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Deputy Minister of Petroleum for International Affairs and Trading
No Backyard at Int’l Department
TEHRAN (Shana) -- The Deputy Minister of Petroleum said that comprehensive studies have been carried out on verification of lifting of the sanctions, adding: "In the international arena, no backyard should be formed in the Ministry of Petroleum (MOP) and the ground should be created for granting special privileges to some to occupy some international positions.”
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Iran Eyes $12b in Petchem Sales
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said petrochemical companies are estimated to deposit $12 billion in the NIMA system by the end of the current calendar year, which began on March 21.
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$35 b Petchem Projects Underway
TEHRAN (Shana) -- The CEO of the National Petrochemical Company stated: "We have about 70 projects underway in this industry, which are worth about 35 to 36 billion dollars, and with the help of the Petrochemical Research and Technology Company and knowledge-based companies, we can carry out these plans."
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No Plans to Change Petrol Price
TEHRAN (Shana) -- "There is no plan in the government to change the price of gasoline," a government spokesman said, noting that the 13th government is not into overnight decisions or the bitter news of Friday morning.
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Household Quotas in Gasoline Pilot Plan not less than 60 Liters
TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said: "Measures have been considered so that the quota of households in the pilot of the new gasoline distribution plan will not be less than 60 liters."
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Paying Attention to Research, Technology Underlying Investment for Present, Future
TEHRAN (Shana) -- The CEO of the Petrochemical Research and Technology Company (PRTC), referring to the contracts that this group has implemented, said: "Iranian technical knowhow can be the driving force for the development of the country's petrochemical industry."
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PRTC Inks 3 Deals
TEHRAN (Shana) – The Petrochemical Research and Technology Company (PRTC) has signed two contracts with Tondgouyan as well as Pouya Pajoohesh Bakhtar petrochemical companies and a memorandum of understanding with Tabriz Petrochemical Company.
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Latest Petchem Research Achievements Unveiled
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji attended a ceremony to unveil the latest research achievements of the Petrochemical Research and Technology Company (PRTC).
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Annual Collection of 11 bcf Flare Gas at Maroon
TEHRAN (Shana) -- The CEO of Maroon Oil and Gas Production Company said: "Collecting and preventing the annual flaring of 10.7 billion cubic feet of gas has brought about significant environmental effects, outstanding economic benefits and savings for the country."
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NISOC Unveils Projects to Collect Flare Gas
TEHRAN (Shana) – The National Iranian South Oil Company (NISOC) has unveiled three flare gas collection projects.