• Iran, Russia in Close Oil Cooperation

    Iran, Russia in Close Oil Cooperation

    TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Consultative Assembly said: “Russia is our friend and neighbor and the cooperation capacity between the two countries is very high, especially in the oil and gas industry.”

  • Working Groups Meeting of Iran-Russia Joint Economic Commission Begins

    Working Groups Meeting of Iran-Russia Joint Economic Commission Begins

    TEHRAN (Shana) -- The meeting of the working groups of the 16th Joint Economic Commission of Iran and Russia started in Russia in the presence of experts from different working groups to examine the capacities of cooperation.

  • Russia to host 16th Joint Economic Commission with Iran

    Russia to host 16th Joint Economic Commission with Iran

    TEHRAN (Shana) -- The 16th Iran-Russia Joint Economic Commission will be hosted by Russia from October 30 to November 1.

  • Iran Ready to Cooperate with GECF Members in all Gas sectors

    Iran Ready to Cooperate with GECF Members in all Gas sectors

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji voiced Iran’s readiness to cooperate with all the members of the Gas Exporting Countries Forum (GECF) in all areas of development of the gas industry, including joint investments, natural gas swaps, cooperation in the framework of gas contracts, development and export of technical and engineering services, knowledge transfer and development of expert human resources.

  • 44% Growth in net Profit of Amirkabir Petchem Plant

    44% Growth in net Profit of Amirkabir Petchem Plant

    TEHRAN (Shana) -- Amirkabir Petrochemical Company registered a 44% growth in its net profit and 29% in its operating income in the first half of the current calendar year, which began on March 21.

  • Sanctions on Gas Suppliers Could have Devastating Results: Owji

    Sanctions on Gas Suppliers Could have Devastating Results: Owji

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji told the 24th Ministerial Meeting of Gas Exporting Countries Forum (GECF) in Cairo, Egypt, that imposition of sanctions on producers of oil and gas could bring about irreparable damage to the global economy.

  • Minister Leaves Tehran for Cairo to Attend GECF Meeting

    Minister Leaves Tehran for Cairo to Attend GECF Meeting

    TEHRAN (Shana) – The Iranian Minister of Petroleum left Tehran for Cairo, Egypt, to attend the 24th Ministerial Meeting of the Gas Exporting Countries Forum (GECF).

  • Europe Should Take Opportunity to Cooperate with Iran: FM

    Europe Should Take Opportunity to Cooperate with Iran: FM

    TEHRAN (Shana) -- The spokesperson of the Ministry of Foreign Affairs said: "Communication with the Islamic Republic of Iran is an opportunity for Europe, especially a Europe which is now in a difficult situation due to the energy crisis and the economic demands of the people."

  • Petro-Refinery Building, Key in Preventing Crude Oil Sales

    Petro-Refinery Building, Key in Preventing Crude Oil Sales

    TEHRAN (Shana) -- Completing the value chain and preventing crude oil sales is among the major concerns of the National Iranian Oil Refining and Distribution Company (NIORDC) in reviewing and revitalizing old refining plants and developing new petro-refineries under the "Support for the Development of Downstream Oil and Gas Condensate Industries" Act. Accordingly, by reviewing the submitted proposals for construction of petro-refineries and petrochemical units, 8 petro-refinery projects, including 5 crude oil petro-refinery projects and 3 gas condensate petro-refinery projects have been approved by Petroleum Ministry. For construction of petro-refineries, measures have been taken in line with ensuring sustainability, improving and increasing the quality of refined products in Iran's refineries, which seem to be the beginning of a new era of refining activities to form petro-refineries and prevent crude sales in the industry.

  • Reviving Low-Yield Oil Wells, NIOC’s Severe Concern

    Reviving Low-Yield Oil Wells, NIOC’s Severe Concern

    TEHRAN (Shana) -- Figures do indicate that Iran ranks first in the world in terms of the aggregate oil and gas reserves. Taking advantage of this huge wealth or preserving it for future generations has always been a challenge for policy makers. The arrival of renewable energies and the efforts of countries to ramp up energy security and non-dependence have caused oil-rich countries to seek to optimize production from hydrocarbon reservoirs in order to turn it into a capital for future generations. In the meantime, some countries, including Iran, have put on their agenda a written program to revive inactive wells as a short-term solution to improve their oil output. The following is an overview of Iran's plan to revive low-yield oil wells.

  • Ensuring Oil Flow at Azar Field: A Herculean Task?

    Ensuring Oil Flow at Azar Field: A Herculean Task?

    TEHRAN (Shana) -- Azar is one of Iran's oil fields developed by an Iranian consortium with €1.4 billion in investment. One of the most complex oil fields in Iran, Azar is located in Anaran exploration block in Ilam province, western Iran.

  • Iran Energy Diplomacy in the Land of the Rising Sun

    Iran Energy Diplomacy in the Land of the Rising Sun

    TEHRAN (Shana) -- Javad Owji, Iran’s Minister of Petroleum, who visited Tokyo from Saturday to Wednesday, September 24-28, heading a delegation to attend several meetings and consult with Japanese majors, represented the government of the Islamic Republic of Iran in the state memorial ceremony of Shinzo Abe, the late president of Japan. In the visit to Japan, in addition to meeting Nishimura Yasutoshi, the Minister of Economy, Trade and Industry of Japan, Yoshimasa Hayashi,  and the Minister of Foreign Affairs of Japan; HE Owji also met with the CEOs of major Japanese oil and gas companies, including Toshiaki Kitamura, the CEO of Inpex, Takeshi Saito, the president of Eneos, Yamamoto, the CEO of Fuji Oil, Tramura, a member of the board of directors of the Nippon Export Investment Insurance (NEXI), Haba, the CEO of Mitsubishi Oil and Gas, and the CEO of Marubani Company, to discuss investment opportunities in the upstream and downstream sectors of Iran's oil industry, cooperation, trade of energy carriers and technology.

  • IR Iran Becomes a Member of the Shanghai Cooperation Organization (SCO)

    IR Iran Becomes a Member of the Shanghai Cooperation Organization (SCO)

    TEHRAN (Shana) -- The President of Uzbekistan Shavkat Mirziyoyev, as the host of the 22nd SCO Summit, announced Iran's permanent membership in this organization in his speech on Friday 16 September 2022. The Islamic Republic of Iran became a permanent member of the SCO at its 21st Summit in the presence of 12 permanent and observer members.

  • Record 128bn Liters Transmission Set

    Record 128bn Liters Transmission Set

    TEHRAN (Shana) -- Transmitting oil and petroleum products from production points to consumers in Iran is one of the activities that require precision, speed and round-the-clock efforts, depending on the type of geography and its specific coverage. With 14,000 kilometers of oil and petroleum products transmission lines, Iran has a certain place in terms of the diversity of these lines and the uniqueness of the lines in the Middle East in this domain.

  • Contracts worth $500mn to be signed with Knowledge-based Firms: Min.

    Contracts worth $500mn to be signed with Knowledge-based Firms: Min.

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: “Seven contracts worth 500 million dollars will be signed with 54 knowledge-based companies to boost production from oil wells by using technological methods.”

  • 2,000 bcm of Gas Processed in South Pars Refineries

    2,000 bcm of Gas Processed in South Pars Refineries

    TEHRAN (Shana) -- The CEO of South Pars Gas Complex announced that since the establishment of the complex, more than 2,300 billion cubic meters of natural gas have been processed in South Pars refineries.

  • Iran to Export Turbines to Russia

    Iran to Export Turbines to Russia

    TEHRAN (Shana) -- The CEO of Iranian Gas Engineering and Development Company (IGEDC) announced the signing of a contract to export 40 Iranian-made turbines to Russia.

  • Shiraz Petchem Plant, Top Iran Urea Exporter

    Shiraz Petchem Plant, Top Iran Urea Exporter

    TEHRAN (Shana) -- For the first time after 6 decades of activity, Shiraz Petrochemical Company was selected as the top urea exporter in the calendar year of 1401 which began on March 21.

  • 24th GECF Ministerial Meeting to be held in Egypt

    24th GECF Ministerial Meeting to be held in Egypt

    TEHRAN (Shana) -- The 24th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) will be held on Tuesday, October 25, in Cairo, the capital of Egypt.

  • Iran, Turkey Strike New Gas Agreements

    Iran, Turkey Strike New Gas Agreements

    TEHRAN (Shana) -- The director of dispatching of National Iranian Gas Company (NIGC) announced holding of a meeting with the representatives of Turkey's Butas Company and reaching new agreements.

  • POMC Begins Startup Operation of Padjem Petchem

    POMC Begins Startup Operation of Padjem Petchem

    TEHRAN (Shana) -- The CEO of Petropars Operation and Management Company (POMC) announced the startup operation of Polymer Padjam Complex by this company.

  • How to Realistically Decarbonize the Oil and Gas Industry

    How to Realistically Decarbonize the Oil and Gas Industry

    TEHRAN (Shana) -- Bjørn Otto Sverdrup leads the Oil and Gas Climate Initiative (OCGI), which gathers the CEOs of twelve of the world's largest oil and gas companies around an ambitious goal: to get one of the leading contributors to climate change to drastically lower their own carbon emissions. He describes a possible path for the industry to pivot to net-zero operations, reimagining the role it could play in helping decarbonize the economy and igniting changes in how we consume energy.

  • Iranian Power Used in Smartening Gas Distribution Network

    Iranian Power Used in Smartening Gas Distribution Network

    TEHRAN (Shana) – Iranian Gas Engineering and Development Company (IGEDC) benefits from the power of knowledge-based and Iranian companies in the project of smartening the country's gas distribution network.

  • South Pars Complexes Closing Ranks to Boost Output

    South Pars Complexes Closing Ranks to Boost Output

    TEHRAN (Shana) -- The CEO of the Pars Special Energy Economic Zone Organization said the cooperation of three key South Pars complexes (Special Zone Organization, South Pars Gas Complex and Pars Oil and Gas Company) on the production path and by-products has been smoothed out.

  • Min. Holds Intensive Energy Talks with Turkish Officials

    Min. Holds Intensive Energy Talks with Turkish Officials

    TEHRAN (Shana) -- The Iranian Minister of Petroleum discussed extension of the gas contract and energy trade in a meeting with the country's energy and economic officials during his visit to neighboring Turkey,.

  • PGPIC Generates $4bn in H1

    PGPIC Generates $4bn in H1

    TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said his company had generated over 4 billion dollars in the first half of the current calendar year, which began on March 21.

  • 119% Growth in Pardis Petchem Revenue

    119% Growth in Pardis Petchem Revenue

    TEHRAN (Shana) -- Pardis Petrochemical Company achieved a whopping 119% increase in its revenue in the fiscal year of 1400 which ended on March 20, compared to the preceding year.

  • 16th Iran-Russia Joint Economic Commission to be held in November

    16th Iran-Russia Joint Economic Commission to be held in November

    TEHRAN (Shana) -- The 16th Joint Economic Commission of Iran and Russia will be held from October 29 to November 1 in Russia.

  • South Zagros H1 Output Beyond Plans

    South Zagros H1 Output Beyond Plans

    TEHRAN (Shana) -- The CEO of South Zagros Oil and Gas Production Company announced the cumulative production of 20.950 billion cubic meters of gas with an average daily production of 112.600 million cubic meters of gas in the first half of the current calendar year, which began on March 21, exceeding the gas production plan of the company.

  • Russia Can Export Gas to Persian Gulf via Iran, Official Says

    Russia Can Export Gas to Persian Gulf via Iran, Official Says

    MOSCOW (Shana) - Russia can export its gas via the Iranian territory to customers in the Persian Gulf countries, Iranian Deputy Petroleum Minister Ahmad Asadzadeh said on Thursday.