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Refinery-integrated petrochemical plants to increase Iran refining capacity by 30%: Deputy oil minister
SHANA (Tehran) – Iran’s refining capacity will increase 30 percent and rise to 3 million barrels per day from 2.3m bpd when the projects of refinery-integrated petrochemical plants become operational, said the deputy oil minister for planning on Tuesday.
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More countries express interest in joining OPEC+, says top official
The Organization of the Petroleum Exporting Countries is in talks with several countries interested in joining the wider alliance known as OPEC+, its secretary-general said on Monday.
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Algeria to host 7th GECF Summit
Algeria has launched the official website for the upcoming 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government, scheduled to take place in Algiers, the Democratic Republic of Algeria, on March 2, 2024.
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Oil slips after rally last week on Middle East, tight supply
Oil prices slipped on Monday as investors indulged in some profit-taking after both benchmarks ended last week about 6% higher on Middle East tensions and as refining outages squeezed refined products markets.
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NIOC chief: $14b contracts, SP pressure-boosting project due by end of winter
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director announced $14 billion contracts for developing oil and gas fields will be signed and a project for boosting pressure in the South Pars (SP) gas field will start by the end of this winter.
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Oil Ministry has achieved ‘stunning’ successes, says MP
SHANA (Tehran) – A member of the Iranian Parliament’s Plan and Budget Committee said the Oil Ministry has achieved “stunning” successes.
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Chegeni: About 98% of NIGC needs met by Iranian producers
SHANA (Mashhad) – The National Iranian Gas Company managing director said domestic manufacturers are now meeting about 98 of NIGC’s needs.
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Oil minister: 200 essential items made by Iranian manufacturers under 13th administration
SHANA (Mashhad) – Iran’s oil minister said 200 essential items have been produced by domestic manufacturers under the 13th administration.
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Owji tours ‘Narrative of Progress’ exhibition in Mashhad
SHANA (Mashhad) – Iran’s Oil Minister Javad Owji paid a visit to an exhibition dubbed the “Narrative of Progress” in the northeastern city of Mashhad on Thursday.
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Over 6,300 villages, 50 towns supplied with gas under 13th administration: Deputy oil minister
SHANA (Tehran) – Iran’s deputy oil minister on Wednesday said 6,354 hard-to-reach villages and 50 towns have been supplied with gas since the 13th administration took office about 30 months ago.
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ZN Vostok CEO says Russian company has invested over $500m in Iran oil projects
SHANA (Ahvaz) – Russia’s ZN Vostok (ZNV) has invested more than $500 million in Iran’s oil projects, said the company’s managing director.
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Owji: Six oil, gas contracts to be signed soon; Andimeshk petchem project to be done in 3 years
SHANA (Ahvaz) – Iran’s oil minister announced that six contracts on the development of oil and gas fields will be signed by the end of the current Iranian calendar year (March 19, 2024).
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NIOC chief: Seven oil, gas projects’ operation to create $6b wealth
SHANA (Ahvaz) – The National Iranian Oil Company (NIOC) managing director said on Tuesday the operation of seven new oil and gas projects will bring in some $6 billion.
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Oil extraction from South Azadegan joint field up 50,000 bpd
SHANA (Ahvaz) – Oil extraction from the South Azadegan field rose by 50,000 barrels per day (bpd) as Iran’s Oil Minister Javad Owji issued an order via videoconference for exploiting 60 new wells on Tuesday.
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South Pars Phase 16 offshore pipeline operational
SHANA (Assaluyeh) – The new offshore pipeline of Phase 16 of the South Pars (SP) gas field was officially put into operation in the Persian Gulf waters by the order of Oil Minister Javad Owji issued via videoconference on Tuesday.
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Iran starts production from Sohrab oil field shared with Iraq
SHANA (Ahvaz) – Production from Sohrab oil field shared with Iraq officially started by the order of Iran’s Oil Minister Javad Owji issued via videoconference on Tuesday.
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Project to increase Cheshmeh Khosh oil field output put into operation
SHANA (Tehran) – A project to increase the crude oil output in Cheshmeh Khosh field, western Iran, became operational on Tuesday.
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MP lauds Oil Ministry’s ‘successful’ track record of promoting energy diplomacy, meeting domestic needs
SHANA (Tehran) – Iran’s Oil Ministry has had a “successful” track record of promoting energy diplomacy and meeting domestic needs since the 13th administration took office in August 2021, said a member of Parliament on Monday.
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NIOEC chief says 7 processing units of Abadan Refinery will become operational by end of winter 2024
SHANA (Tehran) – Seven processing units of Abadan Refinery, southern Iran, will be put into operation by the end of winter 2024, the National Iranian Oil Engineering and Construction Company (NIOEC) managing director said on Monday.
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Spox: Iran’s view on Arash gas field clearly expressed earlier
SHANA (Tehran) – Iran’s view on the Arash joint gas field has been already expressed, said Foreign Ministry spokesman Nasser Kanaani on Monday.
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Iran’s oil minister discusses ties, underway projects with top Venezuelan officials
SHANA (Tehran) – Iranian Oil Minister Javad Owji held talks with Venezuela’s high-ranking officials on bilateral relations and ongoing projects in Caracas.
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Specialized working group formed by oil minister’s order to rectify Iran energy imbalance
SHANA (Tehran) – A specialized working group was formed by the order of Oil Minister Javad Owji to redress energy imbalance.
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Raeisi: Downstream industry, value chain completion increases added value
SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi said on Thursday the completion of downstream industry and value chain enhances raw materials with added value.
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52nd Meeting of JMMC reviews oil output
The 52nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday.
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Iran reacts to Kuwait-Saudi Arabia joint statement on Arash gas field
SHANA (Tehran) – Iranian Foreign Ministry spokesman Nasser Kanaani on Wednesday reacted to the joint statement of Saudi Arabia and Kuwait on the joint Arash gas field following a visit by the Kuwaiti emir to Riyadh.
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Iran’s oil minister heads to Venezuela
SHANA (Tehran) – Iranian Oil Minister Javad Owji departed for the Venezuelan capital Caracas on Wednesday.
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Raeisi urges specialized working group formation to redress energy imbalance
SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi on Wednesday assigned the oil and energy minister to form specialized working groups to redress energy imbalance.
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Iran’s productivity chief: Country looks to oil industry for economic growth
SHANA (Tehran) – The National Productivity Organization of Iran head said the country looks to the oil industry – the industry of work and efforts – for economic growth.
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MP: Oil Ministry performance in energy diplomacy ‘successful’, ‘transformational’
SHANA (Tehran) – A member of Iran’s Parliament on Wednesday described the Oil Ministry’s performance in the energy diplomacy as “successful” and “transformational”.
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Leader: Upstream oil, gas industry provides plenty of opportunity for private sector participation
SHANA (Tehran) – Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Tuesday the upstream sectors of industries such as oil, gas, and steel, and professions like handicrafts provide plenty of opportunity for the participation of the private sector.