Iran
-
Iran Eyes $50/b Oil Price Next Year
TEHRAN (Shana) -- Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50.
-
Volume of Smuggled Petrol Very Low: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the volume of smuggled petrol and gasoil from Iran was “very little”.
-
OPEC 177th Meeting
VIENNA (Shana) -- The 177th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 December 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People's Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. On Friday, 6 December, the 7th OPEC+ meeting was also held.
-
Plant Eyes Diversified Output Soon
TEHRAN (Shana) – Iran’s Tondguyan Petrochemical Company is planning for diversification of its polyethylene terephthalate chain output as one of its key priorities in the near future.
-
NPC Serious in Purposeful Development of Petchem Projects
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said that the company had launched an initiative to orchestrate petrochemical projects in the industry.
-
5 OPEC Decision in 177th Meeting
VIENNA (Shana) – OPEC+ production cuts increased by 503,000 barrels per day, secondary sources designated as OPEC and non-OPEC production reference sources, gas condensate was removed from crude oil production calculation of non-OPEC producers, Algeria's Energy Minister was selected as OPEC Conference President alphabetically, and eventually, Iran became the vice-chairman of the OPEC board of governors.
-
We would never Forfeit Iranian Nation's Rights: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said he and his team would never give up on the Iranian nation’s rights.
-
Zangeneh to Meet with OPEC Sec. Gen., Conference President
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh is scheduled to meet with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), and Venezuela's People's Minister of Petroleum and President of the OPEC Conference in Vienna on Thursday.
-
Iran Mulls Construction of $8b Petchem Project
TEHRAN (Shana) – Plans are under way to construct an $8-billion petrochemical megaproject by Iranian petrochemical holdings, a senior petrochemical official said.
-
US Efforts to Stop Iran Oil Export, Fruitless: Parl. Speaker
TEHRAN (Shana) -- Iranian Parliament Speaker Ali Larijani leveled criticism at the White House, saying the US efforts to bring Iran’s oil exports to zero was fruitless.
-
Overhaul of South Pars Gas Platforms Complete
TEHRAN (Shana) – Overhaul operations of 22 offshore platforms in South Pars Gas Field has come to an end after 160 days.
-
Iran Largest Petrol Producer in OPEC
TEHRAN (Shana) -- Completion and operation of the Persian Gulf Star Refinery, as the largest gas condensate refinery in the world, implementation and completion of major refinery development projects in recent years, followed by nationwide production and distribution of clean fuel, are among the steps taken by the Rouhani Administration to turn Iran into the largest petrol producer among other members of the Organization of the Petroleum Exporting Countries (OPEC).
-
RIPI to Host Petrotest in December
TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) is to host the first startup event for university students for the Iranian Ministry of Petroleum in December.
-
NIDC Drills 111,000 m of Oil, Gas Wells in 8 Months
TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has drilled 111,000 meters of oil and gas wells since March 2019.
-
Iran-Made Polypropylene Catalyst to Hit Market by March
TEHRAN (Shana) – Iran’s Petrochemical Research and Technology Company (PRTC) has planned to supply the market with the catalyst required for production of polypropylene by March 2020.
-
Operations Begin for Building Largest Gas Storage Tank in Middle East
TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) said drilling of the first appraisal well in Ghezel Tappeh Reservoir, Golestan, had started to develop the Middle East’s largest gas storage facility.
-
Sanctions on GECF Members Endangers World Energy Security: Ex-Sec. Gen.
TEHRAN (Shana) – The former Iranian Secretary General of the Gas Exporting Countries Forum stressed the need to halt unilateral transnational sanctions against some GECF members.
-
Khark Petchem Plant to Launch Project for Collecting Associated Gases
TEHRAN (Shana) – The CEO of Khark Petrochemical Plant said the company was to launch a project for collecting associated gases in Khark Island by next week.
-
NGL Projects Key in Feeding Petchem Plants
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said that NGL 3,100, 3,200 and Persian Gulf Bidboland Refinery played key roles in feedstock supply petrochemical plants.
-
Offshore Section of S.P Phase 14 Complete by December
TEHRAN (Shana) – The operator of phase 14 development project of the South Pars gas field said the offshore section of the project would be complete by December.
-
NIGC Saves $9 bn by Liquid Fuel Exports
TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) said by investing a sum of $4 billion in urban and rural gas projects in recent years and in return for exporting liquefied fuel, NIGC has saved roughly $9 billion in the gas sector.
-
Petchem Exports from PETZONE Easier than Ever
TEHRAN (Shana) – The CEO of PETZONE said exports of petrochemicals from the special petrochemical economic zone were be facilitated by launching a new export corridor.
-
Ex-GECF Sec. Gen. Calls on Members to be Vigilant against US
TEHRAN (Shana) -- Representative of Iranian Minister of Petroleum at the Extraordinary Meeting of Ministers of Gas Exporting Countries Forum (GECF), outlining expectations of the Fifth GECF Summit, said: "The United States has gone to war with the right of nations to develop in recent years with a kind of monopoly-seeking and imposition of sanctions and is trying to prevent nations’ development via economic terrorism."
-
CEO Satisfied with PGPIC Sales, Exports
TEHRAN (Shana) – The production and exports of Persian Gulf Petrochemical Industries Company (PGPIC) are satisfactory for the time being, the holding’s CEO says.
-
Plant Revers Iranian Manufacturers for Supplying Key Items
TEHRAN (Shana) – The CEO of Morvarid Petrochemical Plant said his company had enjoyed the support of powerful Iranian manufacturers for the supply of items and parts in the facility.
-
Iran Eyes 680 mcm/d Gas Output in South Pars
TEHRAN (Shana) – The CEO of the Pars Oil and Gas Company (POGC) said the company was planning to bring gas production from the supergiant South Pars gas field to 680 million cubic meters per day by launching new platforms.
-
Iran to Dig New Wells in North Azadegan
TEHRAN (Shana) -- The operator of Azadegan Oilfield Development Project said plans were under way to drill a number of new wells in the joint oilfield.
-
Jam Petchem Plant Plans to Diversify Output
TEHRAN (Shana) – The CEO of Jam Petrochemical Plant said the company had devised a master plan for diversification of its output.
-
Remaining Platforms of SP Phase 13 to be Installed by March 2020
TEHRAN (Shana) -- The operator of phase 13 of the supergiant South Pars gas field said the remaining two platforms of the offshore project would be installed by the end of the current calendar year to March 20, 2020.
-
Arvand Petchem Plant Gets 70% of Catalysts from Local Suppliers
TEHRAN (Shana) – The CEO of Arvand Petrochemical Plant said the company supplied 70% of its need for catalysts from domestic producers.