Iran

  • Ministerial Hopeful Targets Strong Diplomacy in Energy Sector

    Ministerial Hopeful Targets Strong Diplomacy in Energy Sector

    TEHRAN (Shana) – Javad Owji, a candidate to take the helm of the Iranian Ministry of Petroleum, has put establishment of strong diplomacy and bolstering international relations top on his agenda.

  • Raeisi Nominates Javad Owji as New Petroleum Minister

    Raeisi Nominates Javad Owji as New Petroleum Minister

    TEHRAN (Shana) – Iranian President Ebrahim Raeisi President nominated Javad Owji as the proposed Minister of Petroleum for a vote of confidence in the Islamic Consultative Assembly.

  • 152-ton Topside of Forouzan Offshore Platform Installed

    152-ton Topside of Forouzan Offshore Platform Installed

    TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has installed the QB Topside of Forouzan offshore oil field weighing 152 tons on the QA floor of this platform.

  • Iran Eyes $50b Petchem Revenue by 2027

    Iran Eyes $50b Petchem Revenue by 2027

    TEHRAN (Shana) – The CEO of the production capacity said plans are under way to bring the country’s petrochemical annual revenues to 50 billion dollars by 2027.

  • Fire contained at Khark Petchem Plant

    Fire contained at Khark Petchem Plant

    TEHRAN (Shana) – The fire that gripped the gasoline (pentane) reservoir of Khark Petrochemical reservoir Plant has been contained with no casualties.

  • New Gas Hub in Northern Iran

    New Gas Hub in Northern Iran

    TEHRAN (Shana) -- Central Asian and European demand for gas has broadened the horizons for development of Iran's exploration blocks in the Caspian Sea. “Chalous Superstructure Drilling and Exploration” project has been assigned to Khazar Exploration and Production Company (KEPCO) with a view to forming a new gas hub in northern Iran. According to Ali Osouli, CEO of KEPCO, if the initial estimates are confirmed and exploration success is achieved in the Chalous structure, the Iranian sector of the Caspian Sea will play a significant role in gas exports to Europe in the near future, in which case Iran's new gas hub will be formed in the north to let Iran supply 20% of Europe's gas needs from this region.

  • Sustainable Storage in Jask Terminal

    Sustainable Storage in Jask Terminal

    TEHRAN (Shana) -- Among numerous contracts signed regarding the national project for transferring crude oil from Goreh to Jask, one should be highlighted: contract for the construction of crude oil storage tanks. These build-operate-transfer (BOT) agreements were signed in November 2018 between Petroleum Engineering and Development Company (PEDEC) and Petro Omid Asia (POA) and Omid Investment Management Group.

  • Jask Diversifying Iran Oil Export Markets

    Jask Diversifying Iran Oil Export Markets

    TEHRAN (Shana) -- The first phase of implementation of crude oil export from Jask Port is starting against the backdrop of Iranian officials realizing their dream of diversity in the crude oil export markets, as well as security of energy supply in Iran. The idea of construction of an oil terminal in Jask was first brought up in 1980s, but the project started under the administration of President Hassan Rouhani. To that effect, necessary planning was made and meetings were held. Since domestic manufacturers could not build some equipment and commodities in the country, they were planned to be purchased from foreign companies. The foreign firms did not keep their promises and once the US re-imposed sanctions on Iran in 2018, foreign firms quitted any cooperation with Iran.

  • Iran Petroleum Industry Book Review

    Iran Petroleum Industry Book Review

    TEHRAN (Shana) -- The present piece of writing reviews major books written on the history of Iran’s petroleum industry.  

  • Petroleum Industry Innotech Park Launched

    Petroleum Industry Innotech Park Launched

    TEHRAN (Shana) -- The Petroleum Industry Innotech Park, which has been established under the aegis of the Petroleum Ministry with a view to developing technology and broadening constructive cooperation between the players of innovation and technology ecosystems, has started work. The ceremony for the inauguration of the park was attended by Minister of Petroleum Bijan Zangeneh, Vice President for Science and Technology Sourena Sattari and a group of senior oil industry managers and research and technology actors.

  • NIOC Launches Monitoring Center

    NIOC Launches Monitoring Center

    TEHRAN (Shana) -- The monitoring center of the National Iranian Oil Company (NIOC), which was established with the aim of collecting, aggregating and displaying online and continuous data on production, domestic distribution and foreign trade of oil, gas, gas condensate, gaseous liquids and naphtha, has been launched officially.

  • Refinery Calibrates Gas Ultrasonic Flowmeters

    Refinery Calibrates Gas Ultrasonic Flowmeters

    TEHRAN (Shana) – The repair division of the Persian Gulf Bidboland Refinery has calibrated 12-inch ultrasonic flowmeters during operation with software and hardware modifications for the first time in the country.

  • Iran President hosts Meeting with OPEC Secretary General

    Iran President hosts Meeting with OPEC Secretary General

    TEHRAN (Shana) -- Iranian President Ebrahim Raeisi received the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, in Tehran on Friday.

  • Zangeneh Voices Iran Full Readiness to Return to Oil Market

    Zangeneh Voices Iran Full Readiness to Return to Oil Market

    TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh announced the country’s full technical readiness to return to the global crude oil markets at the highest level after the political agreement and the lifting of the sanctions.

  • South Pars Phase 19 Refinery Boosts Propane, Butane Output

    South Pars Phase 19 Refinery Boosts Propane, Butane Output

    TEHRAN (Shana) -- The CEO of Petropars Operation and Management Company (POMC) said production of propane and butane in the South Pars Phase 19 refinery increased with the commissioning of all refrigeration compressors of propane and butane units.

  • Gas Storage in Shurijeh Plant Exceeds 1 bcm

    Gas Storage in Shurijeh Plant Exceeds 1 bcm

    TEHRAN (Shana) -- The amount of gas stored in the Shurijeh storage facility has reached more than one billion cubic meters so far.

  • OPEC Secretary General to visit Tehran for Inauguration Ceremony

    OPEC Secretary General to visit Tehran for Inauguration Ceremony

    TEHRAN (Shana) -- The Iranian ambassador to Nigeria announced the visit of Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), to Tehran to attend the inauguration of the President.

  • Petchem Plant Turns Waste into Valuable Product

    Petchem Plant Turns Waste into Valuable Product

    TEHRAN (Shana) -- Karun Petrochemical Plant converts part of its waste into a valuable product called "Petrocarbon" which is used in various industries such as steel, casting, water treatment, nuclear, military, sugar and ferroalloy.

  • Smuggling of Petroleum Products Close to Zero in Iran: CEO

    Smuggling of Petroleum Products Close to Zero in Iran: CEO

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Products Refining and Distribution Company said: "With the launch of the Petroleum Products Request System (SADAF), I can say with confidence that smuggling of petroleum products in the country's borders, except for the Pakistani border, has been zero."

  • Iran Launches New System to Prevent Fuel Smuggling

    Iran Launches New System to Prevent Fuel Smuggling

    TEHRAN (Shana) – Iran has launched a new system that is aimed at preventing fuel smuggling in the country.

  • Iran Quadruples Export of Petroleum Products in 8 Years

    Iran Quadruples Export of Petroleum Products in 8 Years

    TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said, "Export of Iranian petroleum products in 2019 compared to 2012 has increased four times and for the first time 23 million tons of products were exported from the country, which is unprecedented in the history of the country."

  • Golden Year of Petchem Industry not Repeatable: CEO

    Golden Year of Petchem Industry not Repeatable: CEO

    TEHRAN (Shana) -- The CEO of the National Petrochemical Company called the calendar year of 1399 a golden and unique year for the Iranian petrochemical industry, and said: Inauguration of 17 petrochemical projects and the 25mt increase in the country’s petrochemical production capacity in one year will not be repeated for this industry.

  • Iran Launches Major Projects in South Pars

    Iran Launches Major Projects in South Pars

    TEHRAN (Shana) – Iranian President Hassan Rouhani inaugurated several major gas projects.

  • Iran Invests $2.5b in South Pars Phase 14 Offshore Section

    Iran Invests $2.5b in South Pars Phase 14 Offshore Section

    TEHRAN (Shana) -- The operator of the South Pars Phase 14 development project said an investment of $2.5 billion was made in the project so far, adding the first gas sweetening train of the project’s refinery would come online soon.

  • POGC CEO Stresses Need for Maintaining South Pars Production

    POGC CEO Stresses Need for Maintaining South Pars Production

    TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company (POGC) announced the compilation and presentation of a document for the maintenance of production from the South Pars joint field, saying: “It is necessary for this document to be fully implemented in the coming years.”

  • Iran to Launch Major Projects in South Pars

    Iran to Launch Major Projects in South Pars

    TEHRAN (Shana) – The Iranian Ministry of Petroleum is to inaugurate several major gas projects on Sunday, August 1.

  • Oil-Rich Aghajari, a Gem in Khuzestan

    Oil-Rich Aghajari, a Gem in Khuzestan

    TEHRAN (Shana) -- Iran’s petroleum industry was born in Masjed Soleiman in southern Iran, but Khuzestan gradually as a whole became a focal point of oil industry in Iran and in the Middle East. Each and every spot in this province is filled with massive wealth that would guarantee the future of Iran.

  • South Pars Development Seen Foiling Sanctions

    South Pars Development Seen Foiling Sanctions

    TEHRAN (Shana) -- Despite President Joe Biden taking office in the United States, Iran’s petroleum industry is still unable to sell crude oil as much as its market share due to the toughest ever financial and banking sanctions his predecessor Donald Trump imposed on Iran in 2018 after quitting the 2015 nuclear deal. Meantime, the coronavirus pandemic has left serious negative impacts on the market. And the petroleum industry has automatically not been spared over years. The petroleum industry definitely needs investment and technology.

  • Local E&P Firms to Study Azadegan Field

    Local E&P Firms to Study Azadegan Field

    TEHRAN (Shana) -- The giant Azadegan oil field, estimated to hold 32 billion barrels of oil in place, has already been developed in two sections – North Azadegan and South Azadegan. The field is currently supplying 215,000 b/d of oil.

  • Investment Opportunities in Bangestan

    Investment Opportunities in Bangestan

    TEHRAN (Shana) -- More than 60% of Iran’s oil production comes from 10 giant fields, all of which having reached maturity. Lack of investment for many years in order to enhance the rate of recovery has enhanced production risk. However, there is great potential for enhanced production from these fields. A case in point pertains to the Ab Teimour and Ahvaz Bangestan oil fields. They were discovered more than 50 years ago and they are still supplying oil.