Iran

Iran Eyes 1mbd Crude Output in West Karoon

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country expected to bring crude oil production to 1 million barrels per day in West Karoon Fields.
2020-02-15 16:21
$40b Investment Up for Grabs in Iran Petchem Industry

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said there were opportunities to invest by up to 40 billion dollars in the country’s petrochemical industry.
2020-02-15 16:17
TPC Eyes Enhanced Output by Accessing Fresh Feedstock Source

TEHRAN (Shana) – A project has been launched in the north western city of Miandoab to link Tabriz Petrochemical Company (TPC) to West Ethylene Pipeline which will enhance the plant’s output remarkably.
2020-02-15 14:52
Simultaneous Loading of South Pars Phase 13 Platforms

TEHRAN (Shana) -- The operation of loading two platforms belonging to Phase 13 of the South Pars gas field ended on Monday at the yard of Iran Marine Industrial Company (SADRA).
2020-02-12 16:15
1st Iran heavy polyethylene unit to be built

TEHRAN (Shana) – A contract was signed between Petrochemical Research and Technology Company (PRTC) and Tabriz Petrochemical Company for building Iran’s first heavy polyethylene plant.
2020-02-10 16:20
Iran to Launch 4 Downstream Petchem Parks

TEHRAN (Shana) – The CEO of Petrol Co. said Urmia Melamine, Ilam Polypropylene, Melamine Crystal Park and Lordegan Resin Urea parks are to be built in Iran.
2020-02-10 15:34
Iran Refineries to Yield 0.7mt/year of Petcoke

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Bandar Abbas and Imam Khomeini refineries were to produce 700,000 tons per year of sponge and needle cokes in Iran.
2020-02-10 15:05
Tondgouyan Petrochemical Plant

Shana: Martyr Tondgouyan Petrochemical Plant, located at Special Petrochemical Economic Zone (Mahshahr), is the only producer of polyethylene terephthalate (PET) in the country and supplies raw materials to downstream units in the textile and packaging industries including bottle. The products of this complex compete qualitatively with other manufacturers in the world.
2020-02-10 13:04
Iran Eyes Self-Sufficiency in Sponge, Needle Coke Production

TEHRAN (Shana) – The National Iranian Oil Refining and Distribution Company (NIORDC) and Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, have signed an agreement for production of sponge and needle coke in Bandar Abbas and Imam Khomeini refineries which will render Iran self-sufficient in production of the items used for steel production.
2020-02-10 12:44
South Pars symbol of Islamic Revolution Achievements

BUSHEHR (Shana) -- As we celebrate the 41st anniversary of the victory of the Islamic Revolution in Iran, we are exploring the development process of the South Pars gas field since its inception. The first gas exploration well in this field was dug in 1990; based on the results of seismic studies, existence of gas was confirmed in the field. Iran's share of the 9,700-km field is 3,700 km, which hold roughly 14.2 trillion cubic meters of gas or 8% of the world's total reserves. South Pars will undoubtedly be an important part of the future of Iran's industrial history.
2020-02-10 12:22
Sales Exceed Output at Noori Petchem Plant

TEHRAN (Shana) – The CEO of Noori Petrochemical Company said the plant had done great in the month of Dey (which begins on December 22 to January 20) and its sales had exceeded the plant’s output.
2020-02-09 17:55
Plant to Break Chlorine Output Record in Iran

TEHRAN (Shana) – The CEO of Arvand Petrochemical Plant said his company had planned to launch a project which would enhance its chlorine output breaking the country’s production record of the item.
2020-02-09 17:40
Final Steps to Launch Lordegan Petchem Plant

TEHRAN (Shana) – The CEO of Lordegan Petrochemical Project said the plant’s construction was nearly complete (98%), adding the project would come online soon.
2020-02-08 16:13
Iran Supports Unanimous OPEC Output Cut Plan: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country could support deeper cuts in crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) if a majority of the members agreed with it.
2020-02-08 13:55
Iran Crude Oil Production Capacity at 3.7 mbd

TEHRAN (Shana) – An Iranian oil official says the country has the capacity to produce 3.7 million barrels per day of crude oil.
2020-02-05 17:56
Iran About to Launch Major APG Processing Plant

TEHRAN (Shana) – The Iranian Minister of Petroleum said the country had started countdown for launching a major plant for collecting and processing associated petroleum gas (APG) with $3 billion of investment.
2020-02-05 11:40
Iran Boosts Darkhovin Oil Output

TEHRAN (Shana) -- The CEO of Arvandan Oil and Gas Company said the production capacity of Darkhovin Oilfield had increased by 20,000 b/d over the course of the past 12 months.
2020-02-04 18:31
Market Balance, a Necessity: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the oil market was under pressure because of coronavirus outbreak and as a result the oil price had fallen to below $60 per barrel, adding, “Efforts must be made to ensure the market balance”.
2020-02-03 12:47
NISOC Saves Costs by Localizing Demulsifiers

TEHRAN (Shana) -- The localization and optimal use of demulsifiers by the National Iranian South Oil Company (NISOC) have resulted in cost savings of the company by over Rl. 270 billion.
2020-02-02 16:44
NISOC Localizes Production of Over 1,000 Items since 2018

TEHRAN (Shana) – The National Iranian South Oil Company (NISOC) has successfully manufactured over 1,000 items used in the petroleum industry over the course of the past year, NISOC CEO said.
2020-02-02 16:34
Iran Petchem Progress not Affected by Sanctions: MP

TEHRAN (Shana) – A member of the Iranian parliament says the US sanctions on Iran’s economy had the least impact on the accelerating pace of the country’s petrochemical industry.
2020-02-02 16:27
Last South Pars Phase 14 Platform Installed

BUSHEHR (Shana) – The last offshore platform of Phase 14 of the massive South Pars gas field has been installed.
2020-02-01 15:06
PGFE Saves Rl. 150b by Localizing 700 Items

TEHRAN (Shana) -- Persian Gulf Fajr Energy Co. CEO said the firm saved 150 billion Iranian rials by localizing manufacturing of 700 items in Iran.
2020-02-01 14:55
WOPGC Bracing for 7mcm/d Gas Output

TEHRAN (Shana) – West Oil and Gas Production Company (WOGPC) has planned to bring its natural gas output to 7 million cubic meters per day.
2020-02-01 14:27
TENCO Poised to Strike Oil Development Agreement

TEHRAN (Shana) -- Omid Asakareh, CEO of Negin Afagh Kish Energy Development Co (TENCO), says his company is set to sign an agreement for the development of an oil field in southern Iran. He told "Iran Petroleum" TENCO would most probably operate the project in partnership with a foreign firm, saying each side’s share would depend on negotiations. He, however, said, TENCO would be able to carry on with the project on its own.
2020-02-01 10:46
Oil Figures in Iran’s Contemporary History: From Conspiracy to Death

TEHRAN (Shana) -- Iran’s oil history has been into ups and downs. It would not be exaggeration if we say that we have had several hundred years of history throughout one hundred years of oil operation. In historical events, some persons have played significant roles, leading either to success or to failure. Some have served the country and some have turned out to be traitors. In fact, such figures make history and drive it forward. Decisions and behaviors of historical figures have been influential on Iran’s contemporary history. Getting to know this history can open a bright horizon for us. Here we review some of these figures:
2020-02-01 10:44
Petchem Diversity to Widen Room for Maneuvering

TEHRAN (Shana) -- Iran’s petrochemical industry has over recent years bolstered its presence in the international markets in a bid to increase its share in the lucrative global petrochemical trading. Currently, 56 petrochemical plants in Iran are supplying 350 various types of products. Now National Petrochemical Company (NPC) managers say they intend to diversify the petrochemical market in a bid to increase Iran’s share of global petrochemical market and minimize the vulnerability of the petrochemical sector to US sanctions.
2020-02-01 10:39
North Pars Gas Field Awaiting Investment

TEHRAN (Shana) -- Some 120 kilometers southeast of the southern Bushehr Province, Iran owns a gas field holding more than 57 tcf of gas in place. North Pars is among fields with high potential for investment. The field is estimated to require $16 billion in investment, including $5 billion in the upstream sector and $11 billion in the downstream sector (mainly LNG plants).
2020-02-01 10:37
No Feet-Dragging at West Karoun Oil Output

Yadavaran Output Capacity Set to Grow

TEHRAN (Shana) -- Touraj Dehqani, CEO of Petroleum Engineering and Development Company (PEDEC), has said the company plans to increase production from the Yadavaran oil field. He also told Iran Petroleum that Iran was in talks with China’s Sinopec for the second phase development of the Yadavaran field. He noted that in case the Chinese company shows no willingness to develop this field, PEDEC would drill 25 wells in order to add 50,000 b/d to the field’s output.
2020-02-01 10:36
Karoon Petchem Plant to Diversify Output Portfolio

TEHRAN (Shana) -- The CEO of Karoon Petrochemical Company said his company had plans to unveil new items within the next 6 months which would enhance the firm’s profitability and competitiveness in the world market.
2020-01-28 18:19