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Karoun Petchem Co. Unveils New Items
TEHRAN (Shana) -- Karoun Petrochemical Company has unveiled two new polyurethane products parallel with the Research Week.
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Petropars to Develop Farzad Field
TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company (POGC), Mohammad Meshkinfam, says the Rouhani administration has enhanced recovery from the giant South Pars gas field by 420 mcm/d despite tough sanctions in place. In an interview with “Iran Petroleum”, he said that South Pars has not reduced its output despite sanctions and the coronavirus pandemic.
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Diplomacy of Silence
TEHRAN (Shana) -- The silence diplomacy. That describes the policy Iran’s Minister of Petroleum Bijan Zangeneh adopted after US President Donald Trump quit the 2015 Iran nuclear deal in 2015 and re-imposed oil sanctions on Iran.
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The US is Loser in Imposing Sanctions on Iran
TEHRAN (Shana) -- The head of "Committee for Developing Iran’s Economic Cooperation with Iraq and Syria" has said the United States was the loser due to Washington’s failure to zero Iran’s oil and gas exports.
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Iran Energy Diplomacy with Iraq
TEHRAN (Shana) -- Iran’s first post-Saddam ambassador to Iraq has said Tehran and Baghdad would tie their economic infrastructure to counter enemies. Hassan Kazemi Qomi told "Iran Petroleum" that the energy diplomacy was the wing of national security.
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Iran Ready to Pump Gas to Europe
TEHRAN (Shana) -- Veteran Iranian diplomat Ali Majedi has said Iran is always attractive to European firms thanks to its huge energy reserves. Majedi, who has been ambassador to Germany, Japan and Brazil, told "Iran Petroleum" that Iran’s oil, gas and petrochemical sector would receive €15 billion in German investment were it not for US sanctions.
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Fuel Demand Crisis
TEHRAN (Shana) -- Global oil demand has dropped about 10% due to the coronavirus pandemic and subsequent economic crises. Such fall in demand has been accompanied with other problems and challenges. For instance, companies have had to cut investment in production by 25-30%.
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47th JTC and 25th JMMC moved to 3 and 4 January 2021
VIENNA (Shana) -- The 47th Meeting of the Joint Technical Committee (JTC) and the 25th Meeting of the Joint Ministerial Monitoring Committee (JMMC), originally scheduled for 16 and 17 December 2020 have been rescheduled for 3 and 4 January 2021, respectively.
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Maroon-Isfahan Pipeline Incident Fully Contained
TEHRAN (Shana) -- The CEO of the Iranian Oil Pipelines and Telecommunication Company (IOPTC) said the fire caused by the crude oil spill in the Maroon pipeline was completely contained and the damaged part of the pipeline was repaired, adding the pipeline would become operational soon.
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2.3 mbd Oil Exports Practical for Iran: President
TEHRAN (Shana) – Iranian President Hassan Rouhani said the achievements of the oil industry in recent years had been significant, and added: "Export of 2.3 million barrels of crude oil per day is practical."
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Iran to Start Gas Production from Phase 11 before March 2022
TEHRAN (Shana) – Iran will begin gas recovery from Phase 11 of the supergiant South Pars gas field in the second half of the next Iranian calendar year which begins on March 21, 2021, an official with the National Iranian Oil Company (NIOC) said.
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Iran to Ink Turbine Deal with Local Firm
TEHRAN (NIPNA) – Iranian Minister of Petroleum Bijan Zangeneh said the country was planning to sign a deal with a local firm for manufacturing pressure boosting turbines and compressors for South Pars Phase 11 project.
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Ramping up Iran Oil Exports to 2.3 mbd, Practical: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says the country could build up its crude oil exports to 2.3 million barrels per day, saying: "Boosting oil production is Iran's right and it does not ask for anyone’s permission to do that."
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South Pars Phase 11 Drilling Operations Officially On
TEHRAN (Shana) -- Drilling operations of the first well of South Pars Phase 11 development project kicked off officially by the order of Iranian Minister of Petroleum Bijan Zangeneh today (Monday, December 14).
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€500 m Saved in Goreh-Jask Pipeline Construction
TEHRAN (Shana) -- The CEO of the Petroleum Engineering and Development Company said: "Domestic manufacturing of the equipment for the construction of the 1,000-kilometer Goreh-Jask pipeline, which is now 80 percent complete, has saved the country 500 million Euroes in hard currency."
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Iranian HTSC Catalysts Loaded at Hydrogen Units of Isfahan Refinery
TEHRAN (Shana) -- Isfahan Oil Refinery has purchased and loaded HTSC catalysts required for its hydrogen units from an Iranian knowledge-based company in order to support domestic manufacturing.
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Building 5 IOOC Offshore Oil Rigs under way in Khorramshahr
TEHRAN (Shana) -- Construction of five offshore platforms of Abuzar, Forouzan and Resalat oil fields operated by the Iranian Offshore Oil Company (IOOC) is under way in Khorramshahr.
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Forging 16-inch Pipes Begins at ICOFC
TEHRAN (Shana) – The Iranian Central Oil Fields Company has started forging 16-inch pipes to transfer sour gas from Dehloran, Danan and Azar fields to the 3100 liquefied gas and gas plant.
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Iran Crude Oil Output, Sales Different next Year: Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said: "The world should receive the message well that the conditions for oil production and sales of the Islamic Republic of Iran will be completely different next year from two years ago, although the sanctions vested interests and despair mongers may not be very happy about this sign."
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6th Meeting of Iran-Austria Energy Working Group Held via Videoconference
TEHRAN (Shana) -- The sixth meeting of the Iran-Austria Energy Working Group under the responsibility of the Iranian Ministry of Petroleum was held on Wednesday, December 9, via video conference.
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6th Meeting of Iran-Austria Energy Working Group to be Held on Wednesday
TEHRAN (Shana) -- The sixth meeting of the Iran-Austria Energy Working Group under the responsibility of the Iranian Ministry of Petroleum will be held on Wednesday, December 9, via video conference.
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Petchem Plants Operating Normally despite Heavy Rains in Khuzestan
TEHRAN (Shana) -- The CEO of the Petrochemical Special Economic Zone Organization said the petrochemical complexes operating in the southwestern province of Khuzestan were operating normally despite heavy showers that had washed over the region in recent days.
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Downhole Pumps Boosting North Yaran Oil Output
TEHRAN (Shana) -- The head of North Yaran Oil Field Development Project said announced installation of the fifth downhole pump in the field, and said considering that five more such pumps will be installed in the field by the end of the current calendar year (March 20, 2020), the upward trend of oil production in North Yaran will continue.
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MOGPC Halves Gas Flaring in H1
TEHRAN (Shana) -- The CEO of Maroon Oil and Gas Production Company (MOGPC) said his company had managed to reduce combustion of associated petroleum gases in its operations by 50% in the first half of the current Iranian calendar year which began on March 21.
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14th Iran Plast Exhibition Postponed due to COVID-19
TEHRAN (Shana) -- The 14th Iran Plast International Exhibition was postponed due to the participation of the petrochemical industry in the fight against the outbreak of the Covid-19 virus.
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Iran Ready to Rapidly Ramp up Oil Exports
TEHRAN (Shana) – Iranian President Hassan Rouhani said the country was prepared to rapidly increase its crude oil production capacity to boost exports.
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12th OPEC+ Ministerial Meeting Ends
The 12th OPEC and non-OPEC Ministerial Meeting (ONOMM) was held via videoconference, on Thursday, 03 December 2020.
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Zangeneh: OPEC+ decision was wise
Crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, Iran’s Minister of Petroleum, Bijan Zangeneh, said, adding it was a wise decision.
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OPEC+ members agree to ease crude oil output cuts in January 2021
The 12th OPEC and non-OPEC Ministerial Meeting ended on Thursday with members reaching a consensus on easing crude oil output cuts by 500,000 bpd for January, 2021.
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Zangeneh: World Works through Negotiations and Patience
Global issues work through negotiations and patience, Iran’s Minister of Petroleum, Bijan Zangeneh, said in a televised interview before the start of the 12th OPEC and non-OPEC Ministerial Meeting held on Thursday via videoconference.