Iran

Iran Monomer Styrene Producer Breaks Non-Stop Operations Record

TEHRAN (Shana) -- Pars Petrochemical Company has broken a new record by operating 470 days non-stop, producing monomer styrene.
2020-04-04 17:28
Iran to Resume Gas Exports to Turkey Soon: NIGC

TEHRAN (Shana) – National Iranian Gas Company (NIGC) says Iranian gas exports to Turkey will resume in a few days after repairing the gas pipeline from Iran to Turkey which was hit by an explosion on Tuesday morning.
2020-03-31 14:02
Pipeline Explosion Halts Turkish Gas Imports from Iran

TEHRAN (Shana) – Turkish gas imports from Iran were halted due to an explosion in a natural gas pipeline inside Turkey near Iran’s Bazargan border with Turkey on Tuesday morning, National Iranian Gas Company (NIGC) said.
2020-03-31 13:49
Darquain-3 Up for Investment

TEHRAN (Shana) -- West Karoun is now known to Iranians. This border area is expected to form Iran’s oil civilization. According to plans, Iran intends to increase output from the 11 oil fields located in West Karoun by 1 mb/d within four years. The Darquain field will have a 200,000 b/d share in the above figure. Darquain which lies in Khuzestan Province is 45 kilometers north of the city of Khorramshahr and 100 kilometers south of the oil-rich city of Ahvaz. The field is expected to see its output exceed 220,000 b/d once phase 3 development is fulfilled.
2020-03-18 16:17
How Iran’s Oil Attracted US

TEHRAN (Shana) -- The United States suffered least damage among the nations involved in the World War I and World War II. It escaped unscathed even from devastating post-war crises, and even upgraded its political, economic, military and cultural power on a daily basis. In the 1950s, nobody heard any more about Italian Fascism and German Nazism, as Europe was divided between Capitalists and Communists. As the world came closer to mid-1860s, it became further polarized: one pole led by the US and the other led by the Soviet Union.
2020-03-18 15:55
MOGPC Launches Gas Sweetening Plant

TEHRAN (Shana) – The first phase of a gas sweetening project has been launced at No. 3 Complex of Maroon Oil and Gas Production Company (MOGPC).
2020-03-17 14:44
NISOC to Run New Projects to Maintain Oil Production

KHUZESTAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the company was about to launch 7 project packages for maintaining and enhancing crude oil production in the fields it operates.
2020-03-16 20:49
Plant Output Exceeds Expectations

TEHRAN (ٍShana) – The output of Noori Petrochemical Plant stood at 106% of the planned output in the current Iranian calendar year which began on March 20, 2019.
2020-03-15 22:48
RIPI Key in Oil Industry Economy

TEHRAN (Shana) – The head of the Research Institute of Petroleum Industry (RIPI) said the center was able to overcome the sanctions by relying on the strength and diligence of the valuable local forces to effectively respond to the technological needs of the petroleum industry and play a decisive role in the national economy.
2020-03-15 22:39
Last South Pars Phase 13 Platform Installed

TEHRAN (Shana) – Operator of South Pars Phase 13 development project said the last platform of the offshore project was successfully installed in the Persian Gulf.
2020-03-09 14:56
OPEC Pegs Deeper Cuts at Non-OPEC Support

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said oil producers at OPEC had uniformly proposed a major cut in the group’s crude oil output, but waited for non-OPEC allies, especially Russia, to back the move by considering cuts in their production.
2020-03-06 14:07
OPEC Waiting for Non-OPEC Approval for Historic Output Cuts

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says OPEC had decided to wait for an agreement of non-OPEC allies to consider major cuts in the group’s output to shore up oil prices.
2020-03-05 17:03
Oil Market Reeling from Supply Glut: Zangeneh

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says there is an oversupply in the crude oil market, saying OPEC and non-OPEC producers need to discuss how to ensure market balance.
2020-03-04 14:07
Crude Oil Demand Wrecked by COVID-19: Expert

VIENNA (Shana) -- The head of the Vienna Energy Studies Group underlines the importance of the upcoming OPEC meeting, saying: “The coronavirus outbreak has ruined the demand for oil.”
2020-03-02 16:07
Petropars Says to Follow in Total Footsteps in SP11

TEHRAN (Shana) -- Over recent years, the South Pars Phase 11 (SP11) development project has been one of the most controversial projects in Iran. It was the first project for which National Iranian Oil Company (NIOC) signed an agreement with a consortium of France’s Total, China’s CNPCI and Iran’s Petropars under the newly-developed Iran Petroleum Contract (IPC) framework. Total and CNPCI pulled out of the project after the US exited the Iran nuclear deal and re-imposed sanctions on Iran. Petropars is now the sole operator of the project.
2020-02-26 16:35
Iran Ends Monopoly of Building Key Oil Industry Items

TEHRAN (Shana) -- The CEO of Iranian Oil Terminals Company announced construction of the NQ900 electric actuator and automatic sampler controller by local experts.
2020-02-26 15:42
COVID-19, Main Culprit in Recent Oil Price Fluctuations: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
2020-02-24 23:40
3rd South Pars Phase 13 Platform Installed

BUSHEHR (Shana) – The third offshore platform of the supergiant South Pars gas field has been installed.
2020-02-24 16:17
Zangeneh Talks with Russia’s Novak Prior to OPEC Meeting

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh discussed topics regarding the upcoming OPEC meeting with his Russian opposite number Alexander Novak.
2020-02-22 16:30
Over 70% of Oil Industry Equipment Localized: Iran

TEHRAN (Shana) – A senior Iranian industrial official says the country has indigenized manufacturing of over 70% of the equipment used in the petroleum industry.
2020-02-22 16:01
Iran Envoy to Austria, OPEC Secretary-General Meet in Vienna

TEHRAN (Shana) -- The Iranian ambassador and permanent representative to international organizations in Vienna met with the OPEC secretary-general to discuss the oil market developments following the spread of the Coronavirus in China.
2020-02-22 15:49
IPIEMA Localizes Strategic Petchem Equipment

TEHRAN (Shana) -- A member of the Iranian Petroleum Industries Equipment Manufacturers Association (IPIEMA) said Iranian manufacturers had successfully localized building of compressors and extruders in the petrochemical industry.
2020-02-19 19:26
Enhanced Oil Exports Mark Failure of Sanctions: Rouhani

TEHRAN (Shana) – Iranian President Hassan Rouhani said: “That Iran’s oil exports increased from 0.9 mbd to nearly 3 mbd after the JCPOA is an indication of the fact that we smashed the sanctions.”
2020-02-19 17:49
Iran Starts Mass Production of Drilling Bit

TEHRAN (Shana) -- The Iranian-made toothed drilling bit has entered mass production phase.
2020-02-18 17:14
Iran-Made Fath 72 Drilling Rig Unveiled

TEHRAN (Shana) – Fath 72 Drilling Rig, built by Academic Center for Education, Culture and Research (ACECR), has been unveiled in a ceremony attended by Iranian Minister of Petroleum Bijan Zangeneh.
2020-02-18 16:51
Petropars Awarded Project to Develop Forouzan Oilfield

TEHRAN (Shana) – The CEO of the Petropars Group said his company had won a tender to develop a production maintenance and enhancement project in Forouzan Oilfield.
2020-02-17 15:41
Petchem Industry Best Method to Generate Wealth in Iran: Official

TEHRAN (Shana) – The supreme adviser to presidential deputy for technical and scientific affairs underlined the importance of the petrochemical industry in generation of wealth for the country.
2020-02-17 15:26
Enhanced Gas Production, Biggest Oil Industry Measure to Save Environment: Min.

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said his ministry’s biggest environmental measure was enhancing natural gas production in the country.
2020-02-16 19:16
NISOC Announces Technological Needs

TEHRAN (Shana) – The director of production at the National Iranian South Oil Company (NISOC) announced the technological needs of his company.
2020-02-16 18:38
NIOC to Sell 6 mb of Crude Oil, Gas Condensate at IRENEX

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to sell 6 million barrels of heavy and light crude oil and gas condensate at the international floor of the Iran Energy Exchange (IRENEX).
2020-02-16 16:46