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Owji: $36b energy efficiency projects offered to Supreme Economic Council
SHANA (Tehran) – Iran’s oil minister on Monday said $36 billion projects for optimizing energy consumption in different sectors have been offered to the Supreme Economic Council.
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MP: Iran has opportunity to save over $100b in energy sector
SHANA (Tehran) – A member of Iran’s Parliament on Monday said the country has the opportunity to save more than $100 billion – equaling the value of 3.5 million barrels of crude oil – in the energy sector.
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Owji: Not a cent of incumbent government’s oil revenues blocked
SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Sunday said not a single cent of revenues earned from oil and gas condensate exports has been blocked since the 13th (incumbent) administration took over.
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PEDEC head: Sepehr, Jofeir official oil production to start in near future
SHANA (Tehran) – The Petroleum Engineering and Development Company (PEDEC) managing director said oil production at Sepehr and Jofeir fields in southwestern Iran could officially start during the Government Week (August 24-30).
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Iran unveils first exportable gasoline catalyst
SHANA (Tehran) – Iran’s first exportable gasoline catalyst was unveiled on Wednesday.
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NIOC chief: Iran oil output to rise to 3.5m bpd by summer end
SHANA (Tehran) – The National Iranian Oil Company managing director on Wednesday said the country’s crude production will hit 3.5 million barrels per day (bpd) by September 22, 2023.
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Raeisi praises Iran oil output rise in past two years
SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi on Tuesday said the country has witnessed great achievements, including a significant increase in oil output, since two years ago.
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Iran says its Arash gas field rights must be respected
SHANA (Tehran) – Iran’s Foreign Ministry on Monday said the issue of Arash gas field is legal and technical and “we have repeatedly underlined Iran’s rights in this field”.
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Iran self-sufficient in making 750 main parts of gas compressor stations despite sanctions
SHANA (Tehran) – The Iranian Gas Transmission Company (IGTC) managing director on Saturday said the country has so far become self-sufficient in manufacturing 750 main parts of gas compressor stations.
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PSEEZ head: Projects worth over $21b underway in South Pars zone
SHANA (Tehran) – The Pars Special Economic Energy Zone (PSEEZ) managing director on Thursday said 27 projects worth more than $21 billion are in progress in the South Pars field, southern Iran.
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Owji: Iran won’t retreat ‘an iota’ from right to exploit Arash gas field; SP Phase 11 launch soon
SHANA (Tehran) – Oil Minister Javad Owji on Wednesday said Iran will not retreat “an iota” from its right to exploit the joint Arash gas field in the Persian Gulf.
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Economy minister: Iran oil revenues mainly collected in cash
SHANA (Tehran) – Iran’s minister of economic affairs and finance on Tuesday said the country’s oil revenues has been mostly collected in cash.
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Iran’s oil shipments to China triple amidst U.S. sanctions
Iran’s oil shipments to China have more than tripled over the past three years despite the U.S. sanctions on the country and the increase in Russia’s shipments to China.
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Owji says Iran will pursue its rights over Arash gas field
SHANA (Tehran) – Iran’s oil minister on Sunday said his country will pursue its rights over the Arash gas field if other parties show no willingness to cooperate.
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NPC head: Foreign countries keen to cooperate with Iran in petrochemical sector
SHANA (Tehran) – The National Petrochemical Company (NPC) managing director on Saturday said some foreign countries have called for cooperation with Iran in the petrochemical sector.
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Oil dips but on track for fifth week of gains
Oil prices edged lower on Friday, but were on track for a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant.
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Owji: Iran oil sales ‘favorable’; Iraq gas debts collected in different ways
SHANA (Tehran) – Iran’s oil minister on Wednesday described his country’s crude exports as “favorable”.
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Qalibaf calls for promoting Iran-Serbia oil, petrochemical cooperation
SHANA (Tehran) – Iran’s Parliament speaker on Sunday said Tehran-Belgrade relations and cooperation in oil and petrochemical industries can be boosted.
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OPEC: Iran oil revenues up 67% in 2022
The Annual Statistical Bulletin (ASB) of the Organization of the Petroleum Exporting Countries (OPEC) shows a 67% increase in Iran’s oil revenues in 2022.
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NPC head: Gachsaran petrochemical project symbol of Iranian manufacturers’ capabilities
SHANA (Tehran) – The National Petrochemical Company (NPC) managing director called the recent inauguration of Gachsaran petrochemical project a “valuable” symbol of Iranian manufacturers’ capabilities.
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Raeisi: Part of Kohgilouyeh and Boyer-Ahmad oil revenues to support production, employment sectors
SHANA (Tehran) – Iran’s president on Tuesday said the Oil Ministry has been obligated to spend part of revenues earned from oil fields of Kohgilouyeh and Boyer-Ahmad Province to meet public needs, including production and job opportunities.
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MP: Raeisi administration energy diplomacy strengthens Iran position
SHANA (Tehran) – A member of Iran’s Parliament on Tuesday said promotion of energy diplomacy by the 13th (Raeisi) administration has strengthened the country’s position in this arena.
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Owji: Oil projects worth $2.6b to be implemented in SW Iran
SHANA (Tehran) – Iran’s Oil Minister Javad Owji said upstream and downstream projects worth some $2.6 billion will be implemented in southwestern province of Kohgilouyeh and Boyer-Ahmad.
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Iran president: Gachsaran petchem project a manifestation of turning threats into opportunities
SHANA (Tehran) – Iran’s president on Monday said the inauguration of Gachsaran Petrochemical Complex is a symbol of turning threats into opportunities.
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Iran oil minister: 68 semifinished projects to become operational by mid-March 2024
SHANA (Tehran) – Iran’s oil minister on Monday said 68 semifinished projects worth $15 billion will be put into operation by the end of the current Iranian calendar year (March 19, 2024).
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Gachsaran olefin project comes on stream
SHANA (Tehran) – The olefin project of Gachsaran, southwestern Iran, was inaugurated by President Seyyed Ebrahim Raeisi on Monday.
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Executive operations of Mokhtar gas field's storage project start
SHANA (Tehran) – The executive operations of the first phase of the storage project of Mokhtar gas field began in southwestern Iran.
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Raeisi: Energy cooperation with Pakistan among Iran’s strategies
SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi here on Sunday referred to energy cooperation with Pakistan and development of markets on the two neighbors’ shared border as one of the strategies of his country to make a safe and economically thriving frontier.
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Oil prices fall on profit-taking, still record weekly gain
Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked profits from a strong rally, with crude benchmarks recording their third-straight weekly gain.
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Raeisi: Iran to barter petrochemicals for basic goods with Africa
SHANA (Tehran) – Iran’s president on Friday said agreements were reached during his African tour to barter petrochemical products for basic goods.