Shana

Drilling Operations begin to Maintain Forouzan Oil Output

TEHRAN (Shana) -- Drilling operations have begun in the Forouzan oilfield to maintain and enhance oil output of the joint field.

Iran Annual Petchem Industry Investment at $11b

TEHRAN (Shana) – Iranian President Hassan Rouhani said the country had invested 11 billion dollars in the petrochemical industry over the course of the previous Iranian calendar year of 1399 which ended on March 20.

Cheshmeh Khosh Oil Pipeline to Ahvaz Explodes, Several People Killed

AHVAZ (Shana) -- The Iranian Central Oil Fields Company (ICOFC) announced the explosion of a 20-inch pipeline transporting crude oil from Cheshmeh Khosh to Ahvaz, southwestern Iran, during a search operation, which killed several people nearby.

50% Rise in Export Capacity of Mahshahr Port

TEHRAN (Shana) -- The head of the export terminal of Mahshahr Port said with implementation of the development plan, the storage capacity of this export terminal has increased by 50% from one billion liters to 1.5 billion liters and the berth capacity of vessels in this port has increased from 45,000 tons to 105,000 tons.

Zangeneh: Whatever Decision Made Will not Affect our Will to Return to the Oil Market

TEHRAN (Shana) -- Iran’s Minister of Petroleum, Bijan Zangeneh, said on Friday on the sidelines of the 18th OPEC and non-OPEC Ministerial Meeting that whatever OPEC+ decides will not impact our will to return to the oil market.

18th OPEC+ Ministerial Meeting kicks off

TEHRAN (Shana) -- The 18th meeting of oil and energy ministers of member and non-member producers of the Organization of the Petroleum Exporting Countries (OPEC), a coalition known as OPEC+, began a few minutes ago via video conference.

Zangeneh: Iran’s Return to Oil Market Is The Main Task

TEHRAN (SHANA) -- Iranian Minister of Petroleum, Bijan Zangeneh, said after the 181st Meeting of the OPEC Conference that the main responsibility of the next petroleum minister is to help Iran return to the oil market and get our lost market share back which was caused by the sanctions.

Zangeneh Appreciates OPEC’s Message

TEHRAN (Shana) -- Iran’s Minister of Petroleum, Bijan Zangeneh, spoke at the 181st Ordinary Meeting of the Organization of the Petroleum Exporting Countries’ Conference after he received OPEC’s remarks honoring him for his contributions to the organization. In his remarks, he said:

181st OPEC Ordinary Meeting begins

TEHRAN (Shana) -- The 181st meeting of the Organization of the Petroleum Exporting Countries (OPEC) began a few minutes ago in the presence of the ministers of oil and energy of this organization via video conference.

OPEC Honors Iran’s Petroleum Minister

TEHRAN (Shana) – The Organization of the Petroleum Exporting Countries (OPEC) honored Iran’s Minister of Petroleum, Bijan Zangeneh, in a video message for his long presence in Iran’s ministries of Petroleum and Energy during the 181st Ordinary Meeting of the OPEC Conference on Thursday.

President Rouhani:

Problem of Oil Industry Employees’ Salaries being Solved

TEHRAN (Shana) – Iranian President Hassan Rouhani emphasized that Iran has not had and does not have any problems in the production and export of crude oil, and said: "I promise the employees of the Ministry of Petroleum that their salary problems will be solved."

Iran to Add 22 Items to Petchem Output Mix

TEHRAN (Shana) -- The Director of Planning and Development at the National Petrochemical Company said 33 petrochemical projects are under way in the country by whose development 22 new items will be added to the country’s production portfolio.

Vision Document of Crude Oil Production for 2040 Approved

TEHRAN (Shana) -- The Supreme Energy Council approved the vision document of Iran’s crude oil production up to the horizon of 2040.

4-fold increase in land exports of Bu Ali Sina Petchem Plant

TEHRAN (Shana) -- The CEO of Bu Ali Sina Petrochemical Company announced a fourfold rise in the land exports of his complex in the previous Iranian calendar year of 1399 which ended on March 20.

Arvand Petchem Plant Implementing 2 Development Projects

TEHRAN (Shana) -- The CEO of Arvand Petrochemical Plant said his company is currently busy building a new vinyl chloride (VCM) and a polyvinyl chloride (PVC) unit.

Iran Petchem Output up 7% Y/Y in Q1

TEHRAN (Shana) – Iran’s petrochemical output rose by 7 percent in the first 3 months of the current calendar year, which began on March 21 compared to the same period last year.

Bandar Abbas Refinery Repairs Furnace while Operating

TEHRAN (Shana) -- For the first time in Iran, the specialists of Bandar Abbas Oil Refinery succeeded in breaking the record of repairing the roof of an operating furnace, a record which previously belonged to an American company.

Iran Denies Having Sent Oil Tanker to Lebanon

TEHRAN (Shana) -- A spokesman for the Ministry of Foreign Affairs said: "Iran has not sent any oil tankers to Lebanon, but all countries know Iran's capacity to export petroleum products, so we will respond to this request whenever we are asked for help."

President:

Rights of Iranian People Secured in Oil, Gas More than Ever

TEHRAN (Shana) – Iranian President Hassan Rouhani said: "The rights of our nation have been secured more than ever in the oil and gas sector. These rights, as we say, mean places where we had a joint field with other countries."

IGEDC to Launch 700km Pipelines, 200 MW Gas Pressure Stations by March 2022

TEHRAN (Shana) -- The CEO of the Iranian Gas Engineering and Development Company (IGDEC) announced completion of the project of 700 km of pipeline and 200 MW of gas pressure facilities by the end of the current Iranian calendar year which began on March 20.

PGPIC Building 16 Petchem Projects

TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company is currently building 16 petrochemical projects with an investment of $17 billion.

Iran Gas Supply Network Covering 95.1% Population

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said 95.1 percent of the country’s population is covered by the gas supply network.

Rouhani Launches Light Cut Sweetening Project of Bu Ali Sina Petchem Plant

TEHRAN (Shana) -- The light cut sweetening project of Bu Ali Sina Petrochemical Complex with an annual capacity of 350,000 tons was officially put into operation by Iranian President Hassan Rouhani.

Gas Supply Projects Unveiled in 6 Provinces

TEHRAN (Shana) – Iranian President Hassan Rouhani officially launched gas supply projects in 6 provinces of the country.

CEO of Arvand Petchem Plant announced:

17% Rise in Iran "Chlorine" Output

TEHRAN (Shana) -- The CEO of Arvand Petrochemical Plant announced a 17% increase in the production of chlorine in the complex.

Asmari Reservoir of Abuzar Oilfield Online

TEHRAN (Shana) -- The Iranian Offshore Oil Company (IOOC) announced production of oil from the Asmari reservoir of Abuzar oilfield for the first time in the history of the field's development.

President-elect:

Iran seeking broad, balanced cooperation with all countries

TEHRAN (Shana) -- President-elect Ebrahim Raeisi announced his plan to pursue broad and balanced cooperation with all countries of the world, and said: "Any negotiation in which national interests are guaranteed will definitely be supported, but we will not tie the economic situation of the people to the negotiations.”