Iran
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NPC Eyes average value of Iran Petchems at $5k/t
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) stressed that all petrochemical industry activists should bring their abilities to the field to complete its value chain, and said: "We should bring the average value of petrochemical products to at least 4,500 to 5,000 dollars per ton."
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Petchem trading up 13% on IME
TEHRAN (Shana) – A board member of the Iran National Plastic and Polymer Industries Association announced a 13% increase in the trading volume of petrochemicals on the Iran Mercantile Exchange (IME) from the beginning of the current Iranian calendar year on March 21. compared to the same period last year.
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Bandar Imam Petchem Plant Ready to Finance NISOC Projects
TEHRAN (Shana) -- The CEO of Bandar Imam Petrochemical Company announced the company's readiness to invest in the optimization and maintenance projects of liquefied gas facilities of the National Iranian South Oil Company (NISOC).
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First Vice President:
$200 b Earmarked for Iran Major Projects
TEHRAN (Shana) -- The first vice president said 200 billion dollars have been earmarked for the country's major projects in various sectors, including oil, industry, water, and electricity.
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Most Advanced Chemical Wastewater Treatment Plant Launched in Ilam
TEHRAN (Shana) -- The ultra-saline wastewater treatment project of Ilam Petrochemical Complex using the "ZLD" system was launched for the first time in Iran.
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Iran 8-Month Petchem Output at 47 mt
TEHRAN (Shana) – Iran’s petrochemical output reached 47 million tons in the first 8 months of the current Iranian calendar year which began on March 21.
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1st Methanol to Synthetic Ethanol Plant to be built in Iran
TEHRAN (Shana) – A methanol-to-synthetic ethanol conversion plant will be built for the first time in the country's petrochemical industry with the signing of the technology transfer agreement for this project between Zagros Petrochemical Company and China's Dalian.
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Iran Rich gas Output hits 1.04 bcm/d
TEHRAN (Shana) -- The director of production supervision of National Iranian Oil Company (NIOC) said: “Currently, NIOC produces 1 billion and 40 million cubic meters of gas daily from 23 gas fields in the country, of which about 980 mcm are delivered to National Iranian Gas Company (NIGC) for distribution .”
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LPG Exports to Earn Iran $360mn Annually
TEHRAN (Shana) -- Having exported 2,000 tonnes of liquefied petroleum gas (LPG) offshore for the first time from the Shahid Bahonar jetty, Iran has joined countries exporting LPG offshore. With the offshore export of LPG, some obstacles ahead of transiting this valuable product have been removed and transportation costs have been saved on at National Iranian Oil Products Distribution Company (NIOPDC). Meantime, according to National Iranian Gas Company (NIGC), LPG exports have increased 20% year-on-year, which would earn the country big hard currency revenue.
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Higher Gas Supply Eyed
TEHRAN (Shana) -- During the past year, along with the significant boost in Iran’s energy diplomacy in the region and Latin America, petroleum industry experts have been seriously thinking about increasing the gas production capacity in order to get a larger share of the gas trade, and in this context, the South Pars gas field has always been a source to rely on.
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PSEEZ More Welcoming to Foreign Firms than Ever
TEHRAN (Shana) -- Since 1998, Iran’s Petroleum Ministry has invested $81 billion in the upstream sector and $30 billion in the downstream sector of Pars Energy Special Economic Zone (PSEEZ). Now the CEO of the organization says that thanks to the bylaw recently signed off on by Minister of Petroleum Javad Owji, the conditions have dramatically improved for the presence of foreign companies through just registering their company in the Islamic Republic of Iran. This is while the Petroleum Ministry sticks to its policy of supporting domestic and foreign investors. The exclusive interview of “Iran Petroleum” with Sakhavat Asadi, the PSEEZ CEO, is as follows:
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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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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.