Iran
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Development of Azadegan Field Complete by mid-2023
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said that the development of Azadegan field would be complete by mid-2023, adding: “With the completion of the development project of this field, crude oil production will reach 320,000 barrels per day from the field.”
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Gas Condensate Exports Grow: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says the country’s gas condensate exports were on the rise, adding a new record has been set in gas production from the joint South Pars gas field.
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MOP Inks Deals with ACECR
TEHRAN (Shana) – Iranian Ministry of Petroleum (MOP) has signed 6 memoranda of understanding and two contracts with Academic Center for Education, Culture and Research (ACECR).
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Plant Unveils 1st Medical Item
TEHRAN (Shana) -- Karoun Petrochemical Plant has unveiled its first medical item to be made with polyurethanes and replacing orthopedic plasters.
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Potential for Mansouri & Salman Development
TEHRAN (Shana) -- Iran hopes to bring its oil output to over 5 mb/d under its 20-year vision plan by investing in ageing fields. Some of oil fields in Iran are already mature. Their oil has partly been recovered, but cutting edge technologies are needed to extract the remaining oil.
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US and Transition from Fossil to Clean Energies
TEHRAN (Shana) -- US President Joe Biden has stressed that ratcheting up pressure on energy-producing countries to increase fossil fuel production while urging countries to commit to the energy transition phenomenon is not inconsistent. At the G20 summit, meanwhile, he called on the group's largest energy-producing countries with excess capacity to increase production to ensure a stronger global economy.
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Iran and GECF
TEHRAN (Shana) -- The Gas Exporting Countries Forum (GECF) was born in Iran shortly after the initial start of the giant South Pars natural gas reservoir discovery and exploration of first phases when it was internationally recognized that Iran possessed the world’s second largest natural gas reserves. The idea of creating a gas body like OPEC was shaped up in NIOC corridors and think tank corners of the ministry. Iran’s initial objective was an OPEC style international and intergovernmental organization in order to regulate global gas market. Back then it was crystal clear in Iran’s energy strategy and vision that gas would lead the international energy markets and energy scenes for decades to come. Having said that; to put it in perspective, GECF was a product of the National Iranian Oil Company.
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Iran to Develop Refining by Petro-Refineries
TEHRAN (Shana) -- The head of corporate planning of National Iranian Oil Refining and Distribution Company (NIORDC), Ali Reza Arman-Moqaddam says Iran will have to opt for petro-refineries in order to develop its refining industry. Although a 300,000-b/d petro-refining facility with crude oil feedstock would require $10 billion in investment, incentives are expected to draw in both local and foreign investors.
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Tehran-Baku-Ashgabat Gas Deal, a First Step
TEHRAN (Shana) -- Although US sanctions keep putting a strain on Iran’s petroleum industry by blocking all channels of foreign investment, a recent three-nation gas swap agreement between Iran, Azerbaijan and Turkmenistan on the sidelines of the Economic Cooperation Organization (ECO) showed that Iran has activated its gas diplomacy, as promised earlier by Minister of Petroleum Javad Owji.
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1.5 mcm/d Rise in South Zagros Gas Output
TEHRAN (Shana) -- The CEO of the South Zagros Oil and Gas Production Company announced a daily increase of 1.5 million cubic meters of the company's gas production capacity by launching two wells.
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15% Rise in Domestic Gas Consumption: NIGC
TEHRAN (Shana) -- The director of dispatching department of the National Iranian Gas Company (NIGC), stating that the increase in gas consumption in the domestic sector will reduce gas supply to power plants and industries, announced that the consumption of this clean fuel in the domestic and commercial sectors compared to the same period last year has increased by 15%.
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Serbian Ambassador meets with Iran Petroleum Minister
TEHRAN (Shana) -- The Serbian Ambassador to Iran met with Iranian Minister of Petroleum Javad Owji to discuss areas for cooperation and dialogue on the development of Tehran-Belgrade relations.
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Shurijeh Storage Capacity to Reach 40 mcm/d
TEHRAN (Shana) -- The CEO of Iran Gas Engineering and Development Company said that the capacity of Shurijeh Gas Storage Facility is planned to reach 40 million cubic meters per day.
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MAPNA Awarded Development of Gas Storage Facilities in Shurijeh
TEHRAN (Shana) -- Iran Gas Engineering and Development Company awarded the gas storage development project in Khangiran Field (Shurijeh D Reservoir) to MAPNA Group.
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Bandar Emam Petchem Plant Seals €39m Ethane Deal
TEHRAN (Shana) – Bandar Emam Petrochemical Plant has signed a €39-million contract with the Energy Industries Engineering and Design (EIED) Company for construction of an ethane recovery unit.
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South Pars Rich Gas Output Exceeds 700 mcm/d
TEHRAN (Shana) -- Production and Operations Director of Pars Oil and Gas Company (POGC) said a daily production of 705 million cubic meters of rich gas has been realized at South Pars Gas Field.
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KBCs to be used to Boost Output of 700 Oil, Gas Wells: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the capabilities of Iranian knowledge-based companies (KBCs) would be used to enhance production of 700 oil and gas well in the country.
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30% of Iran Oil and Gas Resources Recoverable: NIOC CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company stressed the need to absorb and transfer technology in the company, and said: "Underground capital is not our (Iran’s) competitive advantage. It can be an advantage when we can recover it.”
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Iran Could Prove to Be a Safe Route for Oil and Gas Transportation: Expert
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC) called signing of the trilateral gas swap agreement in line with energy diplomacy, and said: “Iran can prove that by solving economic problems and boosting its oil and gas output, it is a suitable and safe route for oil and gas transportation to neighboring countries.”
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Owji Appoints Deputy for Int'l Affairs, Trading
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji appointed Ahmad Asadzadeh as the Deputy Minister of International Affairs and Trading.
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Localization of 80% of Iran Oil Well Equipment thru Research Development
TEHRAN (Shana) -- The director of exploration at the National Iranian Oil Company (NIOC) said that research has been the path opener of the country's oil industry, adding: "Due to research activities, now more than 80 to 90% of the country's oil and gas wells operate with Iranian knowledge and equipment."
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Over 600 Firms Pre-Register in 15th IranPlast Showcase
TEHRAN (Shana) -- The director of the 15th IranPlast International Exhibition announced pre-registration of more than 600 domestic participants to attend this year's exhibition, and said: “Final registration and location of the exhibitors will be announced soon.”
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6% Rise in Iran Refinery Output
TEHRAN (Shana) -- The director of coordination and supervision of operations of the National Iranian Oil Refining and Distribution Company (NIORDC) announced a 6% increase in the output of Iran’s refineries.
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Seismography of Tang-e-Bijar, Delavaran Fields Underway
TEHRAN (Shana) -- The technical affairs director of the Iranian Central Oil Fields Company said 3D seismic project of Tang-e-Bijar and Delavaran fields with a 68% progress in the west of the country is being implemented by the company.
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Share of CNG in Energy Mix to Reach 30%: Official
TEHRAN (Shana) -- The director of research and technology of the National Iranian Oil Refining and Distribution Company (NIORDC) voiced an increase in the share of CNG in the fuel mix of vehicles to 30% by 2025.
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Iran Eyes Mideast Top Petchem Position
TEHRAN (Shana) -- Laying emphasis on development of the downstream sector of the petrochemical industry, paying attention to its high added value and planning for development of the petrochemical industry is currently the most important axis of profitability of the petrochemical industry in Iran. Minister of Petroleum Javad Owji has said Iran’s petrochemical exports will reach $4.8 billion in the current calendar year.
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$11bn Investment Needed for West Karoun Projects
TEHRAN (Shana) -- Mohsen Khojasteh-Mehr, CEO of National Iranian Oil Company (NIOC), has said that development of the West Karoun cluster of oil fields would be a priority for the current administration. He has said that $11 billion in investment would be needed over four years to develop the jointly owned fields in West Karoun.
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Aghar, Halegan to See Output Rise
TEHRAN (Shana) -- Fars Province is the second largest province in terms of gas reserves, behind Bushehr Province. Fars Province has a gas production capacity of 114 mcm/d, mainly from the Aghar, Dalan, Tabnak, Shanol, Varavi and Homa fields.
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Iran Refining Industry Developing
TEHRAN (Shana) -- Development of the refining industry in while regarding environmental obligations, along with growing global demand for petroleum products, is one of the issues that is severely put on the agenda of the Petroleum Ministry. Accordingly, in order to achieve its desired goals in this field, Iran is pursuing a plan to promote the quantity and quality of refined products in the country. Minister of Petroleum Javad Owji has said that contracts had been signed with eight investors for refining about 1.5 mb/d to 1.6 mb/d of crude oil and gas condensate. He added that Iran’s refining capacity was forecast to grow 1.5 times in the next three or four years.
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Realization of Iran Foreign Policy Goals Possible thru Energy: Expert
TEHRAN (Shana) -- Fereydoun Barkeshli, head of the Vienna Energy Studies Group, called signing of the three-way gas swap agreement between Turkmenistan, Azerbaijan and Iran the first strategic gas window for the latter to its neighbors.