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Iran Bracing to Launch Major Petchem Feedstock Project
TEHRAN (Shana) -- The CEO of Kangan Petro-Refining Company said the ethane recovery unit of the company, which is touted as the largest feedstock supply unit for petrochemicals in the country, will be put into operation soon.
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Rouhani to Launch Azar Oil Field Development Plan
TEHRAN (Shana) -- The Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil will be put into operation on Monday, February 29, 2021, in the presence of Iranian President Hassan Rouhani via video conference.
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Zaki Yamani, Oil Market Legend: Expert
TEHRAN (Shana) – Dr. Mamdouh G. Salameh, Non-Resident Fellow, Expert, the Economics of Oil and Energy, who is an international oil economist and a prominent expert on energy, described late Zaki Yamani as a legend in the global oil market.
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Plant Entrusts Iranian Firm with Building Complex Catalyst
TEHRAN (Shana) -- The CEO of Tondgouyan Petrochemical Company announced signing of a memorandum of understanding with an Iranian knowledge-based company for developing an exclusive "palladium" catalyst.
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Iran Bracing for Self-Sufficiency in Urea, Ammonia Catalysts
TEHRAN (Shana) -- The CEO of Hengam Petrochemical Company said the plant has signed deals with Iranian catalyst providers for the supply of the catalysts needed for production of urea and ammonia which will render the country self-sufficient in supply of the items.
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Iran to End French Monopoly on "Reformate" Catalyst
TEHRAN (Shana) -- The CEO of Noori Petrochemical Plant referring to an agreement with Iranian knowledge-based companies to localize the catalyst of "CCR" units, announced setting of a new record in production of aromatic items by his company.
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OPEC’s 8th International Seminar Postponed to 29-30 June 2022
TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria.
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9% Rise in Iran Petchem Output
TEHRAN (Shana) -- The director of production control at the National Petrochemical Company said production of various petrochemical products is expected to reach 61 million tons by the end of the current calendar year, which began on March 21, to grow roughly 9% year-on-year.
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1st LPG Jetty of Tombak Export Port Operational
TEHRAN (Shana) – The CEO of Pars Oil and Gas Company said the first jetty for loading and exporting liquefied petroleum gas from the service and export port of Tombak in South Pars was put into operation.
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North Pars, New Gas Hub of Iran
TEHRAN (Shana) -- Some 120 kilometers southeast of the southern Bushehr Province, Iran owns a gas field holding over 57 tcf of gas in place. North Pars is among fields with high potential for investment. The field is estimated to require $16 billion in investment, including $5 billion in the upstream sector and $11 billion in the downstream sector (mainly LNG plants).
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Research Role in Petchem Value Chain Development
TEHRAN (Shana) -- Iran’s petrochemical industry has conducted vast planning alongside building plants in order to bring the country’s output to 100 million tonnes a year. That would push the country to the top technological position in the region.
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Golden Days for Iran Refining
TEHRAN (Shana) -- The coronavirus has given our planet a new chance to breathe. Travel rates have dropped sharply. Demand for oil and petroleum products has been falling since the outbreak of the pandemic. Oil wells and refineries across the globe are shutting down one after another. Despite the historic OPEC+ agreement for oil production cut, oil price slump has not stopped. However, there is no sign of increased demand for oil and petroleum products in the market.
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Key Drilling Item Localized
TEHRAN (Shana) -- A basic functional part in the drilling rig lifting equipment set was localized and operationalized in a joint venture between the specialists of the National Iranian Drilling Company and the Islamic Azad University of Ahvaz.
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Shahid Tondgouyan Petchem Output exceeds 1 mt
TEHRAN (Shana) – The output of Tondgouyan Petrochemical Plant has reached a million tons since the beginning of the current calendar year, which began on March 21.
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Iran Export of Petroleum Products Quadrupled under Rouhani
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says the country’s export of petroleum products saw a 4-fold increase under President Rouhani’s administration since 2013.
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65% of Dehdasht Petchem Plant Being Built Domestically
TEHRAN (Shana) -- The CEO of Dehdasht Petrochemical Plant said 65 percent of the items and equipment needed for construction of the project were provided by domestic manufacturers.
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Iran Fully Self-sufficient in Pipeline Construction
TEHRAN (Shana) -- The CEO of the National Iranian Oil Engineering and Construction Company said: "We have become completely self-sufficient in construction and implementation of crude oil and petroleum products transmission pipelines under the most difficult economic conditions and sanctions."
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Iran Launches 3 Key Pipelines
TEHRAN (Shana) -- Iranian Minister of Petroleum officially launched three important pipelines for the transfer of petroleum products.
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Iran to Start Oil Production in Khesht Field Next Year
TEHRAN (Shana) – The CEO of the Iranian Central Oil Fields Company said plans were under way to start crude oil production at Khesht Oilfield in the first half of the next Iranian calendar year which starts on March 21, 2021.
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Iran Eyes European Gas Market: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Gas Company said Iran seeks gas exports to Europe, adding: "The future atmosphere of the countries, the type of cooperation and the events that take place in the country's diplomatic relations affect the issue of gas trade."
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South Pars Gas Complex Yields 526k tons of sulfur in 10 Months
TEHRAN (Shana) – An official with South Pars Gas Complex said the plant’s granular sulfur production had crossed 526,000 tons in the first 10 months of the current calendar year, which began on March 21.
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Supply of Widely Used Isocyanate Catalyst Localized
TEHRAN (Shana) -- The CEO of Karoon Petrochemical Company announced localization of the widely used catalyst for platinum mesh by Iranian knowledge-based companies.
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Bidboland Gas Refinery inks Deal with Local Firm for Supplying Electro-Compressors
TEHRAN (Shana) -- The CEO of Bidboland Persian Gulf Gas Refining Company announced the transfer of design and construction of 24 electro-compressors to Iranian manufacturers.
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PGPIC Entrusts Local Firms with Parts Supply
TEHRAN (Shana) -- The production manager of the Persian Gulf Petrochemical Industries Company (PGPIC) said the company has signed Rls. 40,000 billion worth of contracts with local providers and manufacturers for the supply of items and goods required in the holding giant's projects.
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SIPIEM inks €3.2b Deal with PGPIC
TEHRAN (Shana) -- The head of the Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM) said the association had signed a 3.2-billion euro memorandum of understanding with the Persian Gulf Petrochemical Industries Company (PGPIC) with the aim of supplying goods and equipment for petrochemical projects and complexes.
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Lordegan Exports 1st Petchem Consignment
TEHRAN (Shana) -- The CEO of Lordegan Petrochemical Plant announced the export of the first shipment of his company's products.