Production
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Bu Ali Sina Petchem Plant Output, 120% of Capacity
TEHRAN (Shana) -- Production of Bu Ali Sina Petrochemical Company in the first 45 days of the current calendar year, which began on March 21 showed a 16 percent increase year-on-year to a new record of 120 percent of the nominal capacity of the complex.
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600k Barrels Growth in Output of Southern Fields under Raisi
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) said the fields operated by the company have witnessed a 600,000-barrel/day growth in their output under the Raisi administration.
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MOGC Fully Realizes Production Plan
TEHRAN (Shana) -- The CEO of Maroon Oil and Gas Production Company announced the 100% fulfillment of the company's production plan for the calendar year of 1400 which ended on March 20.
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Gas Production to be Resumed at Salman Platform Soon
TEHRAN (Shana) -- The production manager of the Iranian Offshore Oil Company said: "After repairing the damaged gas pipeline from Salman field to Siri and Assaluyeh islands, the production and transfer of natural gas from the joint field will be resumed within the next month."
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Iran Contractors Engaged in Oil Industry
TEHRAN (Shana) -- Over recent years, due to the support programs of the Petroleum Ministry for Iranian manufacturers and contractors, the presence of these companies for the development of Iran's oil industry has been highly significant. Accordingly, considering the development plan of the Petroleum Ministry in the new government and also enhancing the quality of activity of Iranian companies, the expansion of bilateral cooperation with these companies is on the agenda of the Petroleum Ministry.
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No Surrender to Gas Rivals
TEHRAN (Shana) -- A three-nation gas swap contract signed by Iran, Turkmenistan and Azerbaijan recently took effect in late December. The contract signed on 28 November 2021 on the sidelines of the 15th ECO Summit calls for the supply of 1.5-2 bcm a year of Turkmen gas to Azerbaijan via Iran’s soil.
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OPEC+ Agrees to Boost Output by 0.4 mbd in March
TEHRAN (Shana) -- The 23-member states of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a coalition called OPEC+) agreed at their 25th meeting to increase the group’s crude oil output by 400,000 barrels per day in March.
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Export of 345,000 tons of LPG from Siraf Pars Port
TEHRAN (Shana) -- The operator of Siraf Pars port announced the export of 345,000 tons of liquefied natural gas from the refineries of site 2 of South Pars by January 20.
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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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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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Output of Aghajari Units up 20,000 b/d
TEHRAN (Shana) – There is an uptick of 20,000 barrels per day of crude oil from Aghajari production facilities with the repair of the salt oil pipeline of Aghajari units to Paznan.
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Permits for Building Petchem Projects Obtained
TEHRAN (Shana) -- The Director General of Market Research of the National Petrochemical Company said 33 propulsion projects have been defined in Iran’s petrochemical industry, and added: "Currently, 20 projects have received construction permits, some of which are included in the third leap basket of the petrochemical industry and have been activated by private investors."
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Head of Oil and Gas Production Supervision of NIOC Appointed
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company appointed Hormoz Qalavand as the director of oil and gas production supervision of the company.
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Gas Market Developments, Tsars and Alternative Fuels
TEHRAN (Shana) -- The gas market has undergone many changes and, of course, crises in recent months. The increase in the price of this clean fuel by more than 100% has caused many experts to be surprised and reputable international institutions to make new predictions. In line with these developments, the Oil and Energy Information Network (Shana) has sought the opinion of several senior energy economics experts in this field.
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Petchem Investment Opportunities to be Unveiled
TEHRAN (Shana) -- The CEO of the Petrochemical Special Economic Zone Organization (PETZONE) said 20 investment opportunities are ready to be unveiled in petrochemical projects, adding: "With small investments in these projects, sustainable revenue generation and job creation will be guaranteed for the country."
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Petchem Output Set to Grow 10mt
TEHRAN (Shana) -- Iran’s petrochemical production capacity has been growing over the past eight years. Despite tough sanctions imposed on Iran’s petroleum industry, the petrochemical sector has constantly exported products to become a major source of revenue for Iran.
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Arvand Petchem Plant Implementing 2 Development Projects
TEHRAN (Shana) -- The CEO of Arvand Petrochemical Plant said his company is currently busy building a new vinyl chloride (VCM) and a polyvinyl chloride (PVC) unit.
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NIOC Prepared for Speedy Resumption of Iran Oil Production
TEHRAN (Shana) -- The deputy director of production at the National Iranian Oil Company (NIOC) said: "Precise planning has been done to restore oil production to the pre-sanctions levels in one-week, one-month and three-month intervals, and if the sanctions are lifted, most of the country's oil production will be revived within a month."
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NISOC Prepared to Enhance Iran Oil Output: CEO
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to increase its oil output to a figure beyond the pre-sanctions levels in 2018.
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7% Rise in Iran Petchem Output in Farvardin
TEHRAN (Shana) -- The director of production control at the National Petrochemical Company announced a 7-percent increase in the production of various petrochemical products in the first month of the current Iranian calendar year which began on March 21.
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Maroun Oil/Gas Co. Lifts Output
TEHRAN (Shana) -- Enhancing oil production against the backdrop of oil fields’ complexities has always been a major issue of concern for operating companies, sometimes proving costly. The three oil fields - Maroun, Kupal and Shadegan- in southern Iran are among oil fields where oil and condensate production is complicated. Maroun Oil and Gas Production Company (MOGPC) is tasked with oil and condensate production from the three fields.
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Iran 10-Month Petchem Output 6% up
TEHRAN (Shana) -- The director of production control at the National Petrochemical Company (NPC) announced a 6% increase in the production of petrochemicals in the first 10 months of the current calendar year, which began on March 21.
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SZOGPC Localizes Key Equipment
TEHRAN (Shana) -- South Zagros Oil and Gas Production Company has successfully localized manufacturing of a key item used in air compressors.
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Iran to Boost Hendijan Oil Production Capacity
BUSHEHR (Shana) -- The CEO of the Iranian Offshore Oil Company announced the successful installation of the second 1000-ton platform in the Hendijan offshore field, saying: "Due to the completion of the installation of platforms 07 and 08, the production capacity of this oil field will increase."
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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 5-Month Petchem Output up 6% Y/Y
TEHRAN (Shana) -- Production of petrochemicals in the first five months of the current calendar year, which began on March 20, rose by 6% compared to the same period last year in Iran.
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Gas Flaring Drops 80% in Maroon Oil Facilities
TEHRAN (Shana) -- The instructed crude oil production plan of Maroon Oil and Gas Production Company was realized by more than 100% while its gas flaring was reduced by 80% since last year.