14th Iran Plast Showcase Kicks off in Tehran

TEHRAN (Shana) -- The 14th Iran Plast International Exhibition started with "Global Business" as its motto at the permanent Tehran fairgrounds on Sunday.

Islamabad West Petchem Plant to be Fully Iranian: CEO

TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said Islamabad West Petrochemical Plant would be fully Iranian and built by relying on domestic savvy and experts.

Iran Eyes Petchem Hub in Kermanshah

TEHRAN (Shana) – Iran has devised plans to convert the western province of Kermanshah into the third petrochemical hub of the country.

Veep orders Construction of Islamabad-West Petchem Project

TEHRAN (Shana) – First Vice President Eshaq Jahangiri ordered start of the executive operation for construction of Islamabad-West Petrochemical Project with an annual production capacity of 120,000 tons of polypropylene.

IranPlast to Host 200 Iranian Firms

TEHRAN (Shana) – The director of the 14th IranPlast International Exhibition said the show would be held with 200 Iranian companies as well as 250 foreign traders in Tehran.

Phase 19 Starts LPG Export

TEHRAN (Shana) -- The CEO of Petropars announced the launch of a liquefied petroleum gas (LPG) export line at South Pars Phase 19 Refinery as the first exporter of the valuable item on site 2 of South Pars.

FM Spokesman:

Developments positive on Iran Tanker in Indonesia

TEHRAN (Shana) -- A spokesman for the Ministry of Foreign Affairs said that the developments regarding the seized Iranian oil tanker in Indonesia have been positive.

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.

Iran Gas Output to Hit 500 mcm: CEO

TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) said the annual gas production of the country would reach 500 billion cubic meters by 2041.

Iran Methanol Revenue at $2b/y

TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) says Iran is currently generating $2 billion dollars in revenue per year by exporting methanol.

80% non-Rotating Equipment Domestically Made in Oil Industry: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said more than 80% of the non-rotating equipment of the oil industry is made domestically.

1st Meeting of High-Level Working Group to Review OPEC Long-Term Strategy Convened

TEHRAN (Shana) -- The first meeting of the high-level working group to review the long-term strategy of the Organization of the Petroleum Exporting Countries (OPEC) was held in the presence of representatives of OPEC member countries. The meeting was chaired by Amir Hossein Zamaninia, Iran's OPEC Governor.

LPG Tanks of South Pars Phases 22 to 24 Online

TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company announced the commissioning of two liquefied petroleum gas tanks at the refinery of South Pars phases 22 to 24 with a capacity of 80,000 cubic meters.

Iran Oil Exports would be Zero without Zangeneh: CEO

TEHRAN (Shana) – The CEO of the National Iranian Tanker Company said Iran’s oil exports would have been zero had it not been because of the prudence of Iranian Minister of Petroleum Bijan Zangeneh.  

Brent Crude to hit $50/b in 2021

TEHRAN (Shana) – The director general of OPEC Affairs and Relations with International Energy Assemblies of the Ministry of Petroleum, said the average price of Brent crude oil in 2021 is expected to fluctuate between $48 and $50 per barrel, according to the latest International Monetary Fund report.

Flarestack of Tombak Export Port On

TEHRAN (Shana) -- The project manager of Tombak service and export port said with the lighting of the flarestack of the port, the first safety stage of the commissioning process of the project was completed.

Laying 1st Marine Pipeline of Jask Terminal Complete

TEHRAN (Shana) -- The head of Jask Oil Terminal Project said that construction of the first 36-inch marine pipeline to transport crude oil to the Jask export terminal was completed.

Impact of Current World Conditions on Future of Iran Oil Assessed at IPEC

TEHRAN (Shana) -- "The Impact of Global Conditions on the Future of Iran's Oil and Energy" was examined on the first day of the 6th Iran Petroleum and Energy Congress (IPEC).

OPEC Sec. Gen. Addresses Oil, Energy Congress

TEHRAN (Shana) -- Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) addressed the 6th Iranian Petroleum and Energy Club Congress and Exhibition on Wednesday.

Integration of Energy, Petroleum Ministries Possible: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says integration of the Iranian Ministry of Petroleum and the ministry of energy is possible.

Monitoring Systems Localized in Agar, Dalan Sites

TEHRAN (Shana) -- The Canada-built PMP radio surveillance system of Agar and Dalan operational sites have been localized, saving the country Rls. 1 billion.

Zangeneh Stresses Cooperation with Foreign Firms

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh voiced his support for the cooperation of Iranian companies with foreign partners in oil and energy projects.

Foreign Firms Need Iranian Partners to Work in Iran: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said for foreign companies to be able to work in Iran's oil industry, they need to partner with Iranian companies.

Khark Terminal Fully Ready for Maximum Crude Oil Exports

TEHRAN (Shana) -- The CEO of Iranian Oil Terminals Company announced the full readiness of Khark Oil Terminal to maximize Iran's crude oil exports.

Petropars signs €3.9 m Deal with Esfarayen Lulehgostar

TEHRAN (Shana) – Petropars Company has signed a 3.9 million euro deal with Esfarayen Lulehgostar Company for the supply of pipes in South Para Phase 11 development project.

Storage Tanks of Goreh-Jask Project Online by June

TEHRAN (Shana) -- The project manager of crude oil storage tanks in the Goreh-Jask pipeline project said four storage tanks of the project would come on stream by June.

ICOFC Ready for Resuming Pre-Sanctions Output

TEHRAN (Shana) -- The CEO of the Iranian Central Oil Fields Company (ICOFC) voiced his company's readiness to bring back its production capacity to the pre-sanctions era.