Iran

Iran Petchem Progress in Line with Establishment Policies: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the development of petrochemical plants was in line with the policies of the Islamic establishment of Iran to create jobs and prevent sale of crude oil and gas.
2019-12-30 12:38
Last South Pars Phase 14 Platform Loaded

TEHRAN (Shana) – The last offshore platform belonging to Phase 14 of the South Pars Gas Field has been loaded at the yard of Iran Marine Industrial Company (SADRA).
2019-12-29 17:25
Iran Eyes Self-Sufficiency in Producing Styrene Chain Items

TEHRAN (Shana) -- A memorandum of understanding on technical cooperation and investment was signed between Shazand and Tabriz Petrochemical Companies for the purpose of achieving self-sufficiency in the styrene items' production chain and diversification of petrochemical output of the two companies.
2019-12-29 16:42
PETROL to Develop Melamine Park in Urmia

TEHRAN (Shana) -- Iranian Investment Petrochemical Group (PETROL) has signed an agreement to develop a melamine production park in the northeastern province of Urmia.
2019-12-28 15:56
NIDC Drills 88 Wells since March

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has successfully completed drilling operations on 88 oil and gas wells over the first 9 months of the current calendar year, which began on March 21.
2019-12-25 15:57
Petchem Plant Breaks Output Record

TEHRAN (Shana) – Jam Polypropylene Company has set a new production record in the first 8 months of the current calendar year, which began on March 21.
2019-12-24 16:07
Refinery Plans to Save Iranian Cheetah in Hormuzgan

TEHRAN (Shana) – Persian Gulf Star Refinery has initiated a scheme aimed at preserving Iranian cheetahs in Geno mountains, Hormuzgan Province, southern Iran.
2019-12-24 15:50
CNG-Powered Cars Could Generate $1.8b/y for Iran

TEHRAN (Shana) – A senior Iranian official in petroleum refining affairs said converting petro guzzlers into CNG-run vehicles could generate 1.8 billion dollars in revenues for Iran annually.
2019-12-23 15:26
Upgrading Automotive Industry to Cut Iran Petrol Consumption by 17 ml/d

TEHRAN (Shana) – Iran could save its petrol consumption by 17 million liters per day once it upgrades its automotive industry, an official said.
2019-12-23 14:23
Tests Start in Sardar-e-Jangal

TEHRAN (Shana) -- Ahmad Shirzadi, exploration director at Khazar Exploration and Production Company (KEPCO), has announced the start of two major projects within areas run by this company.
2019-12-23 12:07
South Pars Marked with Iranian Manufacturers

TEHRAN (Shana) -- The remaining platforms of phases 13, 14 and 22-24 of the giant offshore South Pars gas field are set to become operational by the end of the current calendar year in March 2020. That would bring gas recovery capacity in South Pars, which Iran shares with Qatar, to 680 mcm/d from the current 630 mcm/d.
2019-12-23 11:59
Why Namavaran Discovery Is a Breakthrough

TEHRAN (Shana) -- Iran’s President Hassan Rouhani, during a provincial tour of Yazd in October, said the country’s second largest oil reservoir had been discovered. Iran’s Petroleum Minister Bijan Zangeneh said the reservoir, named Namavaran, held 22 billion barrels of oil in place, 2.2 billion barrels of which would be recoverable.
2019-12-21 15:52
Future of Oil, Future of World

TEHRAN (Shana) -- Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503,000 b/d from their total production in a bid to help stabilize the oil market. The OPEC and non-OPEC producers would now remove a total of 1.703 mb/d of oil from their output.
2019-12-21 15:30
Overhaul of gas turbines machine in AOGPC

TEHRAN (Shana) -- Aghajari Oil and Gas Production Company (AOGPC) has successfully overhauled 21 gas turbines in its repair shop.
2019-12-16 15:44
$400m Catalyst Market in Iran

TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said that Iranian refineries and petrochemical plants consumed 400 million dollars’ worth of catalysts annually.
2019-12-16 15:36
CBI to Finance Siraf Refining Project

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said that the central bank of Iran (CBI) was to bankroll Siraf refining project by investing Rls. 200,000 billion in the plan.
2019-12-16 12:59
Localization of 8,000 Oil, Gas Items in MOGPC since March

TEHRAN (Shana) – The managing director of Maroon Oil and Gas Production Company (MOGPC) said his company had managed to localize manufacturing of 500 items including 8,000 pieces used in oil and gas operations since March.
2019-12-15 19:08
Khark Petchem Plant Eyes Enhanced Output

TEHRAN (Shana) – The production capacity of Khark Petrochemical Plant is expected to increase by 100 tons per day once the facility starts consuming associated petroleum gas (APG) from Doroud III project.
2019-12-15 17:59
Petropars to Develop Farzad B Gas Field

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the Iranian oil company Patropars was awarded the engineering, exploration and basic design sections of Farzad B Gas Field Development Project.
2019-12-15 13:00
NIOC Inks Research Deal with Local Universities

TABRIZ (Shana) – The National Iranian Oil Company (NIOC) has signed two contracts with Sahand and Tabriz universities of technology on geological studies of west and northwestern Iran.
2019-12-14 17:08
Gas Emissions Nearly Eradicated at KOGPC

KHUZESTAN (Shana) – The CEO of Karoon Oil & Gas Production Co. (KOGPC) said his company had invested over a billion dollars to prevent gas emissions in its operations which was currently 95% complete.
2019-12-14 16:45
GOGPC Signed 54 Deals with Local Suppliers for Building Items

KHUZESTAN (Shana) -- Gachsaran Oil and Gas Production Company (GOGPC) has signed 54 deals with local manufacturers for production of oil industry items and parts.
2019-12-14 15:37
NISOC Displays List of Needed Items for Domestic Manufacturing

KHUZESTAN (Shana) -- The National Iranian South Oil Company (NISOC) has provided a list of 7,500 items to be developed by local manufacturers.
2019-12-14 11:27
South Pars Gas Condensate Storage Capacity at 2.5 mb

TEHRAN (Shana) – The gas condensate storage capacity of South Pars Gas Field has reached 2.5 million barrels now that a new storage tank has come online in Pars Oil and Gas Company (POGC).
2019-12-11 19:19
Petchem Plant Completes Styrene Production Value Chain

TEHRAN (Shana) – The CEO of Pars Petrochemical Company announced completion of the company's production chain, especially for styrene monomer and propane.
2019-12-11 18:32
RIPI Saves Iran $200m by Localizing Technical Items

TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) head said the institute had saved the country 200 million dollars by supporting knowledge-based companies and providing and commercializing items needed in the industry.
2019-12-11 18:13
8-Month Output of Tondgouyan Petchem Plant UP 23% Y/Y

TEHRAN (Shana) – The output of Tondgouyan Petrochemical Plant has broken a new record in the first 8.5 months of the current calendar year, which began on March 21, growing 23% year-on-year.
2019-12-11 17:58
NGL 3200 Project to Turn Gas Flares off in 6 Joint Oilfields

TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said once NGL 3200 project became operational, the gas flares of 6 joint oil fields would be turned off.
2019-12-11 16:50
Low-Pressure Gas Collection Project Launched in Doroud III

TEHRAN (Shana) – A project was launched to transfer to Khark Petrochemical Company low-pressure gases collected in Doroud III.
2019-12-10 18:22
Noori Petchem Plant Yields 2.9 mt of Output Since March

TEHRAN (Shana) – Iran’s Noori Petrochemical Plant produced a total of 2.9 million tons of petrochemicals in the first 8.5 months of the current calendar year, which began on March 21.
2019-12-09 16:50