Iran
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Fire contained at Khark Petchem Plant
TEHRAN (Shana) – The fire that gripped the gasoline (pentane) reservoir of Khark Petrochemical reservoir Plant has been contained with no casualties.
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New Gas Hub in Northern Iran
TEHRAN (Shana) -- Central Asian and European demand for gas has broadened the horizons for development of Iran's exploration blocks in the Caspian Sea. “Chalous Superstructure Drilling and Exploration” project has been assigned to Khazar Exploration and Production Company (KEPCO) with a view to forming a new gas hub in northern Iran. According to Ali Osouli, CEO of KEPCO, if the initial estimates are confirmed and exploration success is achieved in the Chalous structure, the Iranian sector of the Caspian Sea will play a significant role in gas exports to Europe in the near future, in which case Iran's new gas hub will be formed in the north to let Iran supply 20% of Europe's gas needs from this region.
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Sustainable Storage in Jask Terminal
TEHRAN (Shana) -- Among numerous contracts signed regarding the national project for transferring crude oil from Goreh to Jask, one should be highlighted: contract for the construction of crude oil storage tanks. These build-operate-transfer (BOT) agreements were signed in November 2018 between Petroleum Engineering and Development Company (PEDEC) and Petro Omid Asia (POA) and Omid Investment Management Group.
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Jask Diversifying Iran Oil Export Markets
TEHRAN (Shana) -- The first phase of implementation of crude oil export from Jask Port is starting against the backdrop of Iranian officials realizing their dream of diversity in the crude oil export markets, as well as security of energy supply in Iran. The idea of construction of an oil terminal in Jask was first brought up in 1980s, but the project started under the administration of President Hassan Rouhani. To that effect, necessary planning was made and meetings were held. Since domestic manufacturers could not build some equipment and commodities in the country, they were planned to be purchased from foreign companies. The foreign firms did not keep their promises and once the US re-imposed sanctions on Iran in 2018, foreign firms quitted any cooperation with Iran.
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Iran Petroleum Industry Book Review
TEHRAN (Shana) -- The present piece of writing reviews major books written on the history of Iran’s petroleum industry.
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Petroleum Industry Innotech Park Launched
TEHRAN (Shana) -- The Petroleum Industry Innotech Park, which has been established under the aegis of the Petroleum Ministry with a view to developing technology and broadening constructive cooperation between the players of innovation and technology ecosystems, has started work. The ceremony for the inauguration of the park was attended by Minister of Petroleum Bijan Zangeneh, Vice President for Science and Technology Sourena Sattari and a group of senior oil industry managers and research and technology actors.
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NIOC Launches Monitoring Center
TEHRAN (Shana) -- The monitoring center of the National Iranian Oil Company (NIOC), which was established with the aim of collecting, aggregating and displaying online and continuous data on production, domestic distribution and foreign trade of oil, gas, gas condensate, gaseous liquids and naphtha, has been launched officially.
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Refinery Calibrates Gas Ultrasonic Flowmeters
TEHRAN (Shana) – The repair division of the Persian Gulf Bidboland Refinery has calibrated 12-inch ultrasonic flowmeters during operation with software and hardware modifications for the first time in the country.
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Iran President hosts Meeting with OPEC Secretary General
TEHRAN (Shana) -- Iranian President Ebrahim Raeisi received the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, in Tehran on Friday.
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Zangeneh Voices Iran Full Readiness to Return to Oil Market
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh announced the country’s full technical readiness to return to the global crude oil markets at the highest level after the political agreement and the lifting of the sanctions.
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South Pars Phase 19 Refinery Boosts Propane, Butane Output
TEHRAN (Shana) -- The CEO of Petropars Operation and Management Company (POMC) said production of propane and butane in the South Pars Phase 19 refinery increased with the commissioning of all refrigeration compressors of propane and butane units.
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Gas Storage in Shurijeh Plant Exceeds 1 bcm
TEHRAN (Shana) -- The amount of gas stored in the Shurijeh storage facility has reached more than one billion cubic meters so far.
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OPEC Secretary General to visit Tehran for Inauguration Ceremony
TEHRAN (Shana) -- The Iranian ambassador to Nigeria announced the visit of Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), to Tehran to attend the inauguration of the President.
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Petchem Plant Turns Waste into Valuable Product
TEHRAN (Shana) -- Karun Petrochemical Plant converts part of its waste into a valuable product called "Petrocarbon" which is used in various industries such as steel, casting, water treatment, nuclear, military, sugar and ferroalloy.
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Smuggling of Petroleum Products Close to Zero in Iran: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Products Refining and Distribution Company said: "With the launch of the Petroleum Products Request System (SADAF), I can say with confidence that smuggling of petroleum products in the country's borders, except for the Pakistani border, has been zero."
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Iran Launches New System to Prevent Fuel Smuggling
TEHRAN (Shana) – Iran has launched a new system that is aimed at preventing fuel smuggling in the country.
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Iran Quadruples Export of Petroleum Products in 8 Years
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said, "Export of Iranian petroleum products in 2019 compared to 2012 has increased four times and for the first time 23 million tons of products were exported from the country, which is unprecedented in the history of the country."
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Golden Year of Petchem Industry not Repeatable: CEO
TEHRAN (Shana) -- The CEO of the National Petrochemical Company called the calendar year of 1399 a golden and unique year for the Iranian petrochemical industry, and said: Inauguration of 17 petrochemical projects and the 25mt increase in the country’s petrochemical production capacity in one year will not be repeated for this industry.
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Iran Launches Major Projects in South Pars
TEHRAN (Shana) – Iranian President Hassan Rouhani inaugurated several major gas projects.
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Iran Invests $2.5b in South Pars Phase 14 Offshore Section
TEHRAN (Shana) -- The operator of the South Pars Phase 14 development project said an investment of $2.5 billion was made in the project so far, adding the first gas sweetening train of the project’s refinery would come online soon.
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POGC CEO Stresses Need for Maintaining South Pars Production
TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company (POGC) announced the compilation and presentation of a document for the maintenance of production from the South Pars joint field, saying: “It is necessary for this document to be fully implemented in the coming years.”
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Iran to Launch Major Projects in South Pars
TEHRAN (Shana) – The Iranian Ministry of Petroleum is to inaugurate several major gas projects on Sunday, August 1.
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Oil-Rich Aghajari, a Gem in Khuzestan
TEHRAN (Shana) -- Iran’s petroleum industry was born in Masjed Soleiman in southern Iran, but Khuzestan gradually as a whole became a focal point of oil industry in Iran and in the Middle East. Each and every spot in this province is filled with massive wealth that would guarantee the future of Iran.
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South Pars Development Seen Foiling Sanctions
TEHRAN (Shana) -- Despite President Joe Biden taking office in the United States, Iran’s petroleum industry is still unable to sell crude oil as much as its market share due to the toughest ever financial and banking sanctions his predecessor Donald Trump imposed on Iran in 2018 after quitting the 2015 nuclear deal. Meantime, the coronavirus pandemic has left serious negative impacts on the market. And the petroleum industry has automatically not been spared over years. The petroleum industry definitely needs investment and technology.
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Local E&P Firms to Study Azadegan Field
TEHRAN (Shana) -- The giant Azadegan oil field, estimated to hold 32 billion barrels of oil in place, has already been developed in two sections – North Azadegan and South Azadegan. The field is currently supplying 215,000 b/d of oil.
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Investment Opportunities in Bangestan
TEHRAN (Shana) -- More than 60% of Iran’s oil production comes from 10 giant fields, all of which having reached maturity. Lack of investment for many years in order to enhance the rate of recovery has enhanced production risk. However, there is great potential for enhanced production from these fields. A case in point pertains to the Ab Teimour and Ahvaz Bangestan oil fields. They were discovered more than 50 years ago and they are still supplying oil.
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NISOC Proceeds with Green Development
TEHRAN (Shana) -- CEO of National Iranian South Oil Company (NISOC) Ahmad Mohammadi has said sustainable and continuous production, supply of refinery feedstock and providing oil for exports were among the major achievements of the company. In an interview with "Iran Petroleum", he also said that NISOC was ready to lift output from its oil fields as soon as sanctions are lifted. NISOC supplies 80% of Iran’s oil production.
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Iran Determined in Zero-Flaring Projects
TEHRAN (Shana) -- The issue of zero-flaring is not only significant for Iran’s petroleum industry, but also for every other nation. Globally speaking, more than 150 bcm of associated gas is flared every year. According to the World Bank data, the figure is equal one-third of Europe’s total gas consumption.
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TPC Sets New Record in Export of Butane 1
TEHRAN (Shana) -- Tabriz Petrochemical Company (TPC) succeeded in setting a new record in loading and exporting butane 1 in the current Iranian calendar year which began on March 201.
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Khorasan Petchem Plant Reaps $20m Revenue in Q1
TEHRAN (Shana) -- The CEO of Bojnourd-based Khorasan Petrochemical Plant said the plant’s exports reached about $20 million in the first quarter of the current Iranian calendar year which began on March 21.