Iran
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State of Oil, Petchem Exports, Good: MP
TEHRAN (Shana) -- A member of the presidium of the Energy Committee of the Islamic Consultative Assembly said: "Iran's oil and petrochemical exports are in a favorable condition and we will face better conditions by bartering oil with goods and services."
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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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NIDC Quality Management System Certificates Extended
TEHRAN (Shana) -- The head of the Structure and Productivity Engineering Department of the National Iranian Drilling Company (NIDC) announced the renewal of the Integrated Management System (IMS) certificates including ISO9001, ISO14001 and ISO45001 in the company.
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NIORDC Receives Energy Management ISO
TEHRAN (Shana) – The National Iranian Oil Refining and Distribution Company (NIORDC), by taking the necessary measures, succeeded in obtaining the energy management system certification based on ISO 50001, 2018 edition.
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Oil Well Production Maintenance Plans Ongoing: Official
TEHRAN (Shana) -- The Deputy CEO of the National Iranian Oil Company (NIOC) for Development and Engineering Affairs said: “Implementation of plans to maintain and enhance oil production will continue at a faster pace than before.”
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Investment Structure Necessary in NIOC Subsidiaries: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company emphasized that the business and investment structure should be established and active in the subsidiaries of the National Iranian Oil Company and the export-oriented approach should be considered in all sectors.
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NIOC Exploration Director Appointed
TEHRAN (Shana) -- In a decree, the Deputy Minister of Petroleum appointed Mehdi Fakoor as the Director of Exploration of the National Iranian Oil Company.
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POGC Ready for Maximum Gas Production at South Pars
TEHRAN (Shana) – The CEO of Pars Oil and Gas Company (POGC) voiced its full readiness for maximum gas production during winter.
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Constructive Cooperation instead of Deterrent Competition: MOP Policy in Caspian Sea
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company emphasized on continuing exploration activities in the north and strengthening the Khazar Exploration and Precaution Company (KEPCO) to advance the goals of the oil industry.
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Iran Oil Barter Plans for Post-Covid Era
TEHRAN (Shana) -- According to the International Energy Agency (IEA), vaccination against the coronavirus is accelerating the recovery of global crude oil demand. Meantime, Iran has announced plans to undertake oil-for-good deals, which experts say will help circumvent unilateral Western sanctions against the country.
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Oil Refining Development with Petro-Refineries
TEHRAN (Shana) -- Iran's growing need for fuel in the transportation sector and its need for self-sufficiency in the production of required fuel makes it more than necessary for the country to upgrade its refining sector and boost the quantity and quality of its products. This sector was instrumental in helping Iran defeat unjust sanctions imposed on Iran's petroleum industry.
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Iran Oil Refining Capacity to Hit 3.5mn Barrels
TEHRAN (Shana) -- Iran’s minister of petroleum, Javad Owji, has said that the country’s oil refining capacity would increase to 3.5 mb/d from the current 2.2 mb/d over four to five years. To that end, the minister said, the existing refineries would be quantitatively and qualitatively upgraded, while new facilities would be constructed.
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WEP to Fetch $3.7bn by 2025
TEHRAN (Shana) -- Behzad Mohammadi, CEO of National Petrochemical Company (NPC), has said that the West Ethylene Pipeline (WEP) would earn Iran $3.7 billion in revenue by 2025 when ethylene injection capacity into the strategic pipeline would reach 3.5 million tonnes. He made the remarks during a ceremony for signing agreement on WEP operation and maintenance between NPC and Oil Industries Commissioning and Operation Company (OICO).
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22nd OPEC+ Meeting Begins
TEHRAN (Shana) – The 22nd meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a grouping called the OPEC+ coalition) began a few minutes ago via videoconference.
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Head of NIOC Int'l Affairs Appointed
TEHRAN (Shana) -- In a decree, the CEO of the National Iranian Oil Company appointed Mohammad Mohammadi-Pour as the head of international affairs of the company.
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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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Caretaker of Khazar Oil Company Appointed
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company appointed Morad Kamali as the caretaker of Khazar Oil Company.
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CEO of NITC Appointed
TEHRAN (Shana) -- Hossein Shiva has been appointed as the CEO of the National Iranian Oil Tankers 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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Completing Petchem Value Chain a Major Priority
TEHRAN (Shana) -- The CEO of the National Petrochemical Company said: "In completing the value chain and downstream industries, efforts are being made to develop the projects by using the basic products of the petrochemical industry as feedstock."
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Oil Sales have Improved: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said Iran’s oil sales have improved, saying: "From the next one or two weeks, the export of petroleum products, which we had restrictions due to the supply of domestic reserves, will resume."
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Iran Needs $160b to Develop Oil Industry
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said Iran would need $160 billion to invest in its oil and gas industry.
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Iran Firm Exports Catalysts to Neighboring Countries
TEHRAN (Shana) -- An Iranian company, relying on local knowledge and the efforts of domestic researchers, has had a successful performance in the production of chemical catalysts, which in addition to exporting products to neighboring countries, seeks to expand its export market to other countries.
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Doroud, Arvand Oil Fields Up for Investment
TEHRAN (Shana) -- Doroud oil field, which is located in Kharg Island and northwest of the Persian Gulf, is among developed oil fields which the Iranian Offshore Oil Company (IOOC) presented to foreign investors within the framework of the new model of oil contracts known as Iran Petroleum Contract (IPC).
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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 through 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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NISOC Reserves’ Value up $115bn
TEHRAN (Shana) -- National Iranian South Oil Company (NISOC) supplies over 80% of Iran’s crude oil and 16% of natural gas. As the largest subsidiary of National Iranian Oil Company (NIOC), NISOC runs 45 fields and 65 reservoirs covering 70,000 square kilometers stretching from Bushehr to Khuzestan provinces. Giant oil fields like Ahvaz, Gachsaran, Maroun, Aghajari, Karanj, Parsi and Bibi Hakimieh are among them.
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Iran Gas Transmission Fitted with New GIS Generation
TEHRAN (Shana) -- A new generation of geographic information system (GIS) has been installed in the pipeline projects of Iran Gas Transmission Company (IGTC), which would facilitate data storage, display and analysis. Assadollah Qanavati, director of engineering and planning at IGTC, said: “Using the system will allow for geographical data management, combining and overlapping different information sources and receiving answers from the descriptive and geographical information along with access to a variety of geographical analyses and preparation of charts, diagrams, reports and thematic maps along with three-dimensional display of information.”
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90% of Iran Gas Stations Active
TEHRAN (Shana) -- The CEO of the National Iranian Oil Products Refining and Distribution Company (NIORDC) said that more than 90% of the gas stations across the country have been activated, adding over 70% of the stations are expected to be linked to the smart fuel system by Friday.
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4,000 Filling Stations Running: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said nearly 4,000 filling stations are up and running in Iran, adding that there is no problem in supplying fuel in the country.
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Iran Gas Output to Reach 940 mcm/d in Winter
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said the country’s natural gas production would reach 940 million cubic meters per day during winter.