PEDEC CEO Satisfied with Azar Field Development

TEHRAN (Shana) -- The CEO of the Petroleum Engineering and Development Company (PEDEC) expressed satisfaction at completion of the first phase of Azar Field's development project despite all the difficulties and complexities of its reservoir.

Goreh-Jask Pipeline Project 70% Complete

TEHRAN (Shana) -- The progress of the Goreh-Jask crude oil pipeline has reached nearly 70% and it will probably be operational by the end of this calendar year to March 20.

Oil Show Reveals Futility of Sanctions: VEEP

TEHRAN (Shana) – First Vice President Eshaq Jahangiri said this year's Iran Oil Show literally proves the ineffectiveness of the sanctions on Iran.

Refinery Eyes Euro-5 Output by 2022

TEHRAN (Shana) – The CEO of Imam Khomeini Oil Refinery said his company was planning to yield Euro-5 petroleum items by the end of the next Iranian calendar year to March 2022.

NISOC Backs Building Seamless Pipes

TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) has supported production of seamless pipes in Iran for the first time.

No Pressure Drop in South Pars: CEO

TEHRAN (Shana) --  The CEO of Pars Oil and Gas Company (POGC) ruled out rumors about a pressure drop in gas production at South Pars gas field, saying gas extraction from the joint field has increased by 65 million cubic meters this calendar year (which started on March 21).

RIPI Localizes 20 Drilling Additives

TEHRAN (Shana) -- The Research Institute of Petroleum Industry (RIPI) has manufactured and localized 20 key drilling additives.

Iran Able to Build 80% of Oil Equipment: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says the country is able to supply 80% of the items and parts used in the petroleum industry.

Recovery Rate of Soroush Oil Field to Reach 10%

TEHRAN (Shana) -- The head of the Faculty of Oil and Gas Engineering of Sahand University of Technology said with the implementation of the technological development plan of Soroush field, the recovery rate of this field will increase from currently 6% to more than 10%.

Iran Natural Gas Output at 1bcm

TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) said the country's natural gas production capacity had reached 1 billion cubic meters per day.

NIORDC Largest Regional Producer, Exporter of Petrol: CEO

TEHRAN (Shana) – The CEO of the National Iranian Oil Products Refining and Distribution Company (NIORDC) said his company is currently the largest producer and exporter of petrol in the region.

Progress of South Pars Phase 14 Favorable

TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company underlined the favorable progress of South Pars phase 14 project, and said: "According to forecasts, the project's first operational train will become operational early next [calendar] year."

Iranian Oil Industrialists Welcome Global Activities

TEHRAN (Shana) -- The Deputy CEO of the National Iranian Oil Company (NIOC) for Development and Engineering Affairs said: "We always welcome interaction with the world and Iranian companies welcome interaction and competition with foreign companies and regard it as a factor for growth and better performance."

Goreh-Jask Oil Pipeline Operational by March: NIOC

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company underlined serious planning by the Iranian Ministry of Petroleum to materialize Goreh-Jask Oil Pipeline, expressing optimism that the projet would come online by the end of the current Iranian calendar year to March 20.

Zangeneh says Not Worried about Regaining Iran Oil Market Share

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said he did not worry about Iran regaining its oil market share in the wake of eased sanctions on Tehran.

25th Iran Oil Show Kicks off in Tehran

TEHRAN (Shana) -- The 25th Iran Oil, Gas, Refining and Petrochemical Exhibition started with the motto, "National Oil, Iranian Goods and Services," at the permanent Tehran fairgrounds on Friday morning.

President:

Part of Iran National Power Gained thru Energy

TEHRAN (Shana) – Iranian President Hassan Rouhani says: "Part of our national power has been gained in the shadow of our energy power and our position in this field.”

Launching Bidboland Gas Refinery Result of Bans: PGPIC CEO

KHUZESTAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said: “The launch of the Bidboland Persian Gulf gas refinery is the result of sanctions and the opening of credit for implementation of this project is the result of the Joint Comprehensive Plan of Action (JCPOA).”

Zangeneh on Iran Oil Exports with Biden as US President:

Let's Wait a Few Days

KHUZESTAN (Shan) -- In response to whether the sale of Iranian oil will be facilitated with the beginning of Joe Biden's presidency, Iranian Minister of Petroleum Bijan Zangeneh said: "Let's wait a few days to see what happens."

Iran Gas Flaring Zero by March 2023: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says the country would no longer flare associated petroleum gases by March 2023.

Rouhani Launches Iran Largest APG Collection, Processing Facility

TEHRAN (Shana) – Iranian President Hassan Rouhani officially launched the Persian Gulf Bidboland Gas Refinery Project, as the largest associated petroleum gas (APG) collection and processing facility in Iran with a daily processing capacity of more than 56 million cubic meters and an investment of $3.4 billion.

Tehran Preparing to Host Oil Show Next Week

TEHRAN (Shana) -- The director of the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) said that "domestic production" is the focus of the event, adding: “The 25th Oil Show will be held with the slogan National Oil, Iranian Goods and Services."

Offshore Pipe-Laying Operations of Jask Oil Terminal Kicks Off

TEHRAN (Shana) -- The head of Jask Oil Terminal Development Project announced the start of the offshore pipeline operations of the early production phase of the project.

Ilam Gas Refinery Yielding Ethane with 98% Purity

TEHRAN (Shana) -- The CEO of Ilam Gas Refining Company said ethane with 98% purity is produced at the facility and is delivered to the olefin unit of the facility.

PIDM Obtains Integrated Management Standard Certifications

TEHRAN (Shana) – The Petrochemical Industry Development Management Company, after undergoing the necessary audits, succeeded in obtaining a new edition of the Integrated Management Standard (IMS) certifications.

5th Shipment of Bidboland Persian Gulf Refinery Exported

TEHRAN (Shana) -- On the eve of the official opening of Bidboland Persian Gulf Refinery, the CEO of the plant announced the export of the fifth consignment of the products of the complex.

NISOC Voices Readiness to Resume Pre-Sanctions Oil Output Levels

TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to stop reducing its crude oil output and increase production to pre-sanctions’ levels.