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ICOFC Testing Waters for Enhanced Crude Output
TEHRAN (Shana) -- The project to maintain and enhance the oil output rate in the Iranian Central Oil Fields Company (ICOFC) in the Danan, Saadat Abad and NaftShahr oil fields is in the final stages of implementation.
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Iran adds 10 mcm/d to Gas Output by Plant Overhaul
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said that by the end of the NGL 1000 overhaul operations, 10 million cubic meters per day of gas was added to the gas production capacity of the country.
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PUT, BSTU to sign MoU
TEHRAN (Shana) – Iran’s Petroleum University of Technology (PUT) and the Belarusian State Technological University (BSTU) will sign a memorandum of understanding for cooperation through video conference in the presence of the chancellors of the two universities.
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Iranian Researchers Advance Petchem Technique
TEHRAN (Shana) -- The researchers of the Faculty of Mechanical Engineering, University of Tehran, succeeded in modeling, optimizing and designing primary burners to provide the heat energy required for the endothermic reaction of methanol production from natural gas in the country's petrochemical industry using numerical analysis.
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10% Rise in gas storage of Shourijeh Reservoir
TEHRAN (Shana) -- The CEO of Shahid Hasheminejad Gas Refining Company announced a 10% increase in gas reserves of the Shourijeh reservoir in the 8 months of the current Iranian calendar year (which began on March 21) compared to the same period last year.
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4 Gas Condensate Tankers Berthed Simultaneously in South Pars
TEHRAN (Shana) -- The CEO of the Iranian Oil Terminals Company (IOTC) announced the docking of four oil tankers in South Pars at the same time, and said: “This operation was successfully carried out for the first time in order to prevent the disruption of gas flow to the country, especially in the cold season of the year.”
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IOTC at Forefront of Economic War: Official
TEHRAN (Shana) -- The Director of International Affairs of the National Iranian Oil Company (NIOC) stated: The Iranian Oil Terminals Company (IOTC) has been fully serving the country, and now that we are facing the most severe sanctions in history, it is at the forefront of the economic war.”
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117 mcf APG Collected in Nargsi, Gachsaran Fields
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) said about 329 million cubic feet (mcf) of associated petroleum gas (APG) is being flared in the fields operated by his company, adding the gas collection project of the Nargesi field with a daily capacity of 17 mcf and the Gachsaran 1 and 3 projects with a daily capacity of 100 mcf have come online.
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Acid Gas Concentration Project of Hasheminejad Nominated for National Environment Award
TEHRAN (Shana) -- The performance and environmental measures of Shahid Hasheminejad Gas Refinery are evaluated as effective and positive based on the continuous monitoring of Khorasan Razavi General Environment Department in Sarakhs border city.
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Arya Sasol Petchem Plant Smashes Production Record
TEHRAN (Shana) -- This year, the 6-month all-time record of Arya Sasol Polymer Company was broken with the production of 987,000 tons of items in the first half of the current Iranian calendar year which began on March 21.
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Iran Oil Output beyond 3mbd
TEHRAN (Shana) -- The Iranian Minister of Petroleum said Iran's oil production capacity reached 3 million barrels per day, and the country's light oil production capacity has increased by 200,000 barrels per day with the initiative of the National Iranian Oil Company (NIOC) and the Research Institute of Petroleum Industry.
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Tripartite Deal Signed for Supply of 500 Road Tankers
TEHRAN (Shana) -- A tripartite contract for the supply of 500 road tankers has been signed between the National Iranian Oil Products Refining and Distribution Company (NIORDC), Ariadiesel Khodro Company and Bank Mellat.
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Azar Oilfield ready to be Operated by Client
TEHRAN (Shana) -- The CEO of the Iranian Central Oil Fields Company (ICOFC) said Azar Oil Field is ready to be delivered to West Oil and Gas Production Company for operation.
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45% Rise in Horizontal, Directional Drilling Efficiency of Oil, Gas Wells since March
TEHRAN (Shana) -- The efficiency of horizontal and directional drilling operations of the National Iranian Drilling Company (NIDC) grew by at least 45% in the first 8 months of the current Iranian calendar year which began on March 21 compared to the same period last year.
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PGPIC Installed Capacity to hit 46mt/y by 2026
TEHRAN (Shana) -- The installed capacity of Persian Gulf Petrochemical Industries Company (PGPIC) is planned to hit 46 million tons per year by 2026 from currently 28 mt/y, an official with the holding says.
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Good Things Happen in Iran Refineries: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the 13th administration has initiated sizable movements in the country's refining industry including quality improvement in Abadan Refinery and all the refineries across the country.
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Pasargad Qeshm Refinery Supplies New Bitumen Grade
TEHRAN (Shana) -- Pars Behin Qeshm Oil Refinery has processed AH70 bitumen which is considered a new grade suitable for global markets for the first time in the country.
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KBCs to Help Delay Natural Drop in Iran Oil Output
TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) is planning to ramp up its cooperation with domestic knowledge-based firms in order to delay the natural drop in oil output of Iran’s fields.
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Iran Gas Output from South Pars Hits 0.7bcm/d
TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company (POGC) said the daily gas production from the South Pars joint gas field has reached 700 million cubic meters.
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POGC to Invest $2m for Laboratory Modeling of Corrosion
TEHRAN (Shana) – Pars Oil and Gas Company (POGC) is planning to invest $2 million in a project for laboratory modeling of corrosion together with a knowledge-based company.
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Iran Firms Ready to Join Iraqi Oil Projects
TEHRAN (Shana) -- The Iraqi Ministry of Oil has issued a circular to all Iraqi companies announcing the readiness of Iranian specialized companies to participate in Iraq's oil and gas projects.
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Oil Storage Capacity to Increase in Khark Terminal
TEHRAN (Shana) – The CEO of Iran Oil Terminals Company announced plans to increase crude oil storage capacity by 4,200,000 barrels at Khark Oil Terminal.
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Good Oil Agreement made with China: Owji
TEHRAN (Shana) -- The Iranian Minister of Petroleum said: During the visit of the Deputy Prime Minister of China and the accompanying delegation to Iran, good agreements and understandings were made regarding the development of oil and gas fields and joint fields in Iran.
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MOP Inks Cooperation MoU with AEOI
TEHRAN (Shana) – The Iranian Ministry of Petroleum and the Iran Radiation Application Development Company signed a memorandum of understanding for technological cooperation and the utilization of radiation in the oil industry.
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Iran ready to bolster Energy Ties with China: Veep
TEHRAN (Shana) -- The first vice president said: “Tehran is ready to expand its cooperation with Beijing in various sectors such as energy, transit and joint production.”
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Iran Eyes 0.5 bcm Gas Output Growth by 2029
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the company's plan to increase the country’s gas production capacity by 500 million cubic meters per day (mcm/d) by 2029.
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Abadan Refinery to Launch Largest Distillation Unit in ME
TEHRAN (Shana) -- The CEO of the National Iranian Oil Engineering and Construction Company announced the implementation of the largest distillation unit in the Middle East with a capacity of 210,000 barrels in Abadan Refinery.
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Iran, China Preparing for Oil, Energy Cooperation
TEHRAN (Shana) -- The Iranian Minister of Economy and Finance said executive measures have been placed on the agenda of the Iran-China Comprehensive Cooperation Program meeting in the field of oil and gas and investment.
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$15b Petchem Market Waiting for KBCs
TEHRAN (Shana) -- The director of strategy and infrastructure of product development, technology and innovation of the Persian Gulf Petrochemical Industries Company (PGPIC) said the firm has about $15 billion of active plans up for grabs by knowledge-based startups.
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Iranian Catalyst Saves $6m
TEHRAN (Shana) -- Ilam Petrochemical Company saved Iran $6 million by successfully testing the catalyst made by the Petrochemical Research and Technology Company (PRTC) in its high-density polyethylene unit.