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PRTC Inks 1st Iranian MTP License
TEHRAN (Shana) – The Petrochemical Research and Technology Company (PRTC) signed the first contract to license a methanol to propylene (MTP) contract with a local firm on Thursday.
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NPC Defines 27 Projects to Propel Petchem Industry Smartly
TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said the company had devised 27 petrochemical projects to propel the industry in the coming years.
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Iran Registers MTP Technology in EU
TEHRAN (Shana) -- The CEO of the Petrochemical Research and Technology Company (PRTC) said his company had been granted the patent for developing the technology to produce propylene from methanol (MTP) in the European Union.
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1st Iranian MTP License Transfer Agreement to be signed
TEHRAN (Shana) -- The CEO of the Petrochemical Research and Technology Company (PRTC) announced signing of a license transfer agreement, process engineering documents and basic engineering of a plant for production of propylene from methanol on Thursday.
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South Pars Productivity Nearly As Planned in H1
TEHRAN (Shana) – An official with Pars Oil and Gas Company announced that 99% of gas extraction from the South Pars joint field had been realized in accordance with the instructions of the Iranian Ministry of Petroleum.
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Iran Consumes 104 bcm of Natural Gas in H1
TEHRAN (Shana) -- The head of dispatching management at the National Iranian Gas Company announced the consumption of over 104 billion cubic meters of natural gas in Iran in the first half of the current calendar year, which began on March 21.
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Platform 08 of Hendijan Field Successfully Installed
BUSHEHR (Shana) – Wellhead Platform 08 of Hendijan offshore oilfield was successfully installed for production of 10,000 b/d of oil from the field.
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Iran Gas Transmission Capacity at 870 mcm/d
TEHRAN (Shana) -- The CEO of the Iranian Gas Transmission Company announced a 12% increase in the amount of sweet gas transmission in the first five months of the current calendar year, which began on March 21, adding Iran’s daily capacity of gas transmission has reached 870 million cubic meters.
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22 Oil, Gas Fields under Study by Iran Universities
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said: "Including the first 9 contracts of the research study plan to enhance oil recovery from oil and gas fields that was previously signed and 13 contracts that were signed in this regard today, a total of 20 oil and 2 gas field technological studies have been awarded to universities and research centers.”
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Universities Studying 50% of Iran Oil, Gas Reserves
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country’s universities and research centers were currently conducting research studies on nearly half of the country’s oil and gas reserves.
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NIOC Inks Major Oil Research Deal with Local Universities, Research Centers
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has signed 13 major oil and gas extraction research contracts worth a total of €35 million and Rls. 7,160 billion with 13 Iranian universities and research centers.
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Iran, 1st in World in Oil and Gas Discovery despite Inequalities: Official
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) was ranked first in the world in completely unequal conditions due to the imposition of severe sanctions, said an NIOC official.
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PGPIC Fosters Cooperation with Bank Mellat
TEHRAN (Shana) – The Persian Gulf Petrochemical Industries Company (PGPIC) and Bank Mellat have signed a memorandum of understanding with the aim of improving the level of cooperation.
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Bidboland Persian Gulf Project named for 2020 World Mega Projects Award
TEHRAN (Shana) -- The Persian Gulf Bidboland gas refining project was announced as one of the four finalists for the mega project of the energy sector of the 2020 World Award for Large Projects and Mega Projects.
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Plans to Convert Surplus Methanol to Propylene
TEHRAN (Shana) -- Deputy Minister of Petroleum for Petrochemical Affairs Behzad Mohammadi said Iran’s surplus 5 million methanol will be converted to propylene in the country.
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OPEC SG Welcomes Iran FM Deputy
TEHRAN (Shana) -- OPEC SG HE Barkindo today welcomed to the OPEC Secretariat HE Mohsen Baharvand, Deputy Foreign Minister for International and Legal Affairs of the IR Iran and HE Kazem Gharib Abadi, Ambassador and Permanent Representative of the IR Iran to the UN Office at Vienna.
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JMMC Focuses on Market Stability and Full Conformity
TEHRAN (Shana) -- The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.
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Iran Bracing for Full Production at Azar Oilfield
TEHRAN (Shana) -- Azar oil field is on the verge of achieving a production capacity of 65,000 barrels of oil per day by using the ancillary facilities of the Central Processing Facility (CPF).
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IOTC Builds Expansion Joints for SMBs
TEHRAN (Shana) – Experts at the Iranian Oil Terminals Company (IOTC) have successfully built expansion joints used in Single Buoy Moorings (SBMs).
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Gas Pars Output 2.5 Times Up in 7 Years
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s gas production from the South Pars gas field has increased by 2.5 times since 2013 from 280 million cubic meters per day to currently 700 mcm/d.
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OPEC 60th Anniversary; Javad Yarjani Explains
How OPEC Became a Key Player in World Markets
TEHRAN (Shana) -- Javad Yarjani, Iran’s former national representative to OPEC, has attended OPEC meetings for more than three decades. He served as the head of the Energy Division of OPEC Secretariat for five years.
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60th OPEC Anniversary
Zamani-Nia: OPEC should Protect Members by Relying on Partnership
TEHRAN (Shana) -- Iran’s OPEC governor Amir-Hossein Zamani-Nia says all member states of the Organization of the Petroleum Countries should oppose and decry – both in words and deeds – the use of oil as a political tool for exerting pressure and imposing embargo on oil producers.
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60th OPEC Annivesary
OPEC Founders Achievements
TEHRAN (Shana) -- OPEC has turned 60. So long a time. Why was OPEC established? What has it brought to the five founding members?
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60th OPEC Annivesary
OPEC Turns 60; Achievements, Survival and Challenges
TEHRAN (Shana) -- This year, the Organization of the Petroleum Exporting Countries (OPEC) is marking 60 years of its foundation. Every year an anniversary ceremony is held on September 14, i.e. the day of OPEC foundation, at the Secretariat of the Organization. In addition, this year a special ceremony was due to be held in Baghdad with OPEC Secretary General Mohammad Barkindo and heads of delegation of OPEC member countries in attendance to commemorate the 60th anniversary of OPEC establishment; however, despite all the required arrangements made by Iraq, due to global COVID-19 pandemic the ceremony was wisely agreed to be postponed to some other time.
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60th OPEC Annivesary
OPEC Challenges in its 60s
TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries (OPEC), established in 1960 at the initiative of Venezuela and in cooperation with Iran, Saudi Arabia, Iraq and Indonesia, has been faced with a flurry of challenges over the past six decades given the global economic and social developments and the growth of oil production from conventional sources from non-oil producers, such as the growth of North Sea output in the mid-1970s and the growth of oil production from unconventional sources (shale oil) in recent years.
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60th OPEC Annivesary
If only OPEC united against Political Saber-Rattling…
TEHRAN (Shana) -- The establishment of the Organization of the Petroleum Exporting Countries, or OPEC for short, 15 years after the end of World War II can be seen as a sign of the efforts of the founding countries to oppose and resist the extravagant behavior of major oil companies, or the famous seven sisters, at that time. In the years before foundation of OPEC, each of the founding countries, namely Iran, Venezuela, Iraq, Saudi Arabia and Kuwait, faced myriad political and social upheavals.
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OPEC's 60th Anniversary
VIENNA (Shana) -- OPEC has released a documentary about the 60th annivesary of its establishment.