Shana

FM Spokesman:

Iran Selling Oil in World Markets

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said all crude oil allocated to the export sector would be sold in world markets.

Iran joins Club of Welded Ball Valves Repairers

TEHRAN (Shana) -- The CEO of the National Iranian Gas Company (NIGC) announced that Iran has joined three other countries with the knowledge of repairing fully welded ball valves in different types and sizes.

150 KBCs Ready to Join Iran Oil Projects: Owji

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said 150 knowledge-based companies have announced their readiness to cooperate with the oil industry.

Arash Field Not to Be Developed before Iran-Kuwait Border Demarcation: FM Spokesman

TEHRAN (Shana) -- The spokesman for the Ministry of Foreign Affairs said: "There are undetermined borders between Iran and Kuwait that should be demarcated. The Islamic Republic of Iran has stated that there should be no exploitation in Arash Field before the demarcation."

When Numbers Speak Out!

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.

Construction of Soleimani Petro-refinery to begin Soon

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said construction of a 300,000-barrel/day petro-refining plant will begin during the current calendar year, which began on March 21.

Iran Wins Lawsuit against French Firm

TEHRAN (Shana) -- The CEO of Iranian Gas Engineering and Development Company (IGEDC) announced the €39 million ruling of the International Court of Arbitration in favor of Iran, and added that Iran has won a legal lawsuit with the French company Sofregaz.

CEO of CIOFC Appointed

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) appointed Mehdi Heidari as the CEO of the Central Iranian Oil Fields Company.

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.

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."

Bidboland Gas Refinery to Supply Propylene

TEHRAN (Shana) -- The CEO of Bidboland Persian Gulf Gas Refining Company, announcing that the executive operation of the PDH project of the company for production of propylene from propane, would begin soon, said: “The company also plans to complete the polypropylene production chain.”

IOOC Plans to Enhance Output

TEHRAN (Shana) -- The CEO of the Iranian Offshore Oil Company (IOOC) outlined the company's significant steps to increase oil production capacity from Iran's offshore fields in the Persian Gulf and restore production capacity to before the sanctions.

Oldest Refinery in ME to be Renovated with $1.2b Investment

TEHRAN (Shana) – The operator of Abadan Refinery Development and Stabilization Project, referring to the contract of the Refinery Development and Stabilization Project with the aim of optimizing and making it profitable, announced that the standard of products and capacity consolidation of the refinery is being implemented by constructing new units and renovation of old units.

Min. Says Methods of Selling Oil, not to be Disclosed

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the methods through which his ministry sold crude oil and gas condensate could not be disclosed, adding the ministry has fulfilled its budget obligations by 110% during the previous Iranian calendar year which ended on March 20.

Sarakhs to Become Middle East Sulfur Hub

TEHRAN (Shana) -- The head of Shahid Hasheminejad Gas Refining Company announced that 100% of domestic power has been used in the construction of Sardar Soleimani sulfur plant.

Iran's Crude Oil Production Capacity at Pre-Sanctions Levels: Min.

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the current capacity of oil production in Iran has exceeded 3.8 million barrels per day, reaching the pre-sanctions levels.

Owji: Iran’s 13th Government Welcomes Local, Int’l Investors to Secure Global Energy Supply

TEHRAN (Shana) – Iranian Minister of Petroleum, Javad Owji, said on Thursday we always seek depoliticization of global energy market and making constructive interactions between producers and consumers, adding the 13th government welcomes local and international investors to develop oil and gas upstream sectors in a bid to help maintain and improve the security of global energy supply in upcoming years and decades.

27th OPEC+ Ministerial Meeting Wraps up

TEHRAN (Shana) -- The 27th OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, March 31, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.

OPEC+ Agrees to Boost Output by 432,000 bpd in May

TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies, OPEC+ coalition, agreed at their 27th meeting to increase their output by 432,000 barrels per day in May.

27th OPEC+ Meeting Begins Virtually

TEHRAN (Shana) -- The 27th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+ Coalition, began a few minutes ago via videoconference.

Iran Exports Petrol, Gasoil in Esfand

TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced the export of one petrol shipment and three gasoil shipments in the month of Esfand (the 12th month in the Persian calendar which ends on March 20).

Iran Gas Consumption at 238 bcm in 1400

TEHRAN (Shana) -- The National Iranian Gas Company (NIGC) announced a 5 billion cubic meters increase in natural gas consumption of the country in the calendar year of 1400 which ended on March 20 compared to the preceding year.

Deputy Min. Outlines NPC Plans

TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) announced the realization of the production plan of the petrochemical industry for the previous calendar year, which ended on March 20, and said: "The NPC status has become much stronger after privatization and can be more dynamic today than before, provided more precise planning, monitoring and control."

Owji Receives Advisor to Armenian Prime Minister

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji met with the Advisor to the Prime Minister of Armenia on Monday to discuss cooperation in the field of energy.

NIOC Eyes 4mbd Crude Oil Output in 2022

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the prospect of a daily production capacity of 4 million barrels of crude oil in the calendar year of 1401 which began on March 21.

FM Spokesman:

Iran Reserves Right to Develop Arash Joint Gas Field

TEHRAN (Shana) -- Reacting to the newly announced agreement between Saudi Arabia and Kuwait regarding the Arash/al-Dorra joint gas field, the Foreign Ministry spokesman said: "Iran reserves the right to develop this joint gas field."