Iran
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South Pars Phase 11 Drilling Operations Officially On
TEHRAN (Shana) -- Drilling operations of the first well of South Pars Phase 11 development project kicked off officially by the order of Iranian Minister of Petroleum Bijan Zangeneh today (Monday, December 14).
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€500 m Saved in Goreh-Jask Pipeline Construction
TEHRAN (Shana) -- The CEO of the Petroleum Engineering and Development Company said: "Domestic manufacturing of the equipment for the construction of the 1,000-kilometer Goreh-Jask pipeline, which is now 80 percent complete, has saved the country 500 million Euroes in hard currency."
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Iranian HTSC Catalysts Loaded at Hydrogen Units of Isfahan Refinery
TEHRAN (Shana) -- Isfahan Oil Refinery has purchased and loaded HTSC catalysts required for its hydrogen units from an Iranian knowledge-based company in order to support domestic manufacturing.
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Building 5 IOOC Offshore Oil Rigs under way in Khorramshahr
TEHRAN (Shana) -- Construction of five offshore platforms of Abuzar, Forouzan and Resalat oil fields operated by the Iranian Offshore Oil Company (IOOC) is under way in Khorramshahr.
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Forging 16-inch Pipes Begins at ICOFC
TEHRAN (Shana) – The Iranian Central Oil Fields Company has started forging 16-inch pipes to transfer sour gas from Dehloran, Danan and Azar fields to the 3100 liquefied gas and gas plant.
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Iran Crude Oil Output, Sales Different next Year: Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said: "The world should receive the message well that the conditions for oil production and sales of the Islamic Republic of Iran will be completely different next year from two years ago, although the sanctions vested interests and despair mongers may not be very happy about this sign."
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6th Meeting of Iran-Austria Energy Working Group Held via Videoconference
TEHRAN (Shana) -- The sixth meeting of the Iran-Austria Energy Working Group under the responsibility of the Iranian Ministry of Petroleum was held on Wednesday, December 9, via video conference.
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6th Meeting of Iran-Austria Energy Working Group to be Held on Wednesday
TEHRAN (Shana) -- The sixth meeting of the Iran-Austria Energy Working Group under the responsibility of the Iranian Ministry of Petroleum will be held on Wednesday, December 9, via video conference.
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Petchem Plants Operating Normally despite Heavy Rains in Khuzestan
TEHRAN (Shana) -- The CEO of the Petrochemical Special Economic Zone Organization said the petrochemical complexes operating in the southwestern province of Khuzestan were operating normally despite heavy showers that had washed over the region in recent days.
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Downhole Pumps Boosting North Yaran Oil Output
TEHRAN (Shana) -- The head of North Yaran Oil Field Development Project said announced installation of the fifth downhole pump in the field, and said considering that five more such pumps will be installed in the field by the end of the current calendar year (March 20, 2020), the upward trend of oil production in North Yaran will continue.
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MOGPC Halves Gas Flaring in H1
TEHRAN (Shana) -- The CEO of Maroon Oil and Gas Production Company (MOGPC) said his company had managed to reduce combustion of associated petroleum gases in its operations by 50% in the first half of the current Iranian calendar year which began on March 21.
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14th Iran Plast Exhibition Postponed due to COVID-19
TEHRAN (Shana) -- The 14th Iran Plast International Exhibition was postponed due to the participation of the petrochemical industry in the fight against the outbreak of the Covid-19 virus.
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Iran Ready to Rapidly Ramp up Oil Exports
TEHRAN (Shana) – Iranian President Hassan Rouhani said the country was prepared to rapidly increase its crude oil production capacity to boost exports.
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12th OPEC+ Meeting Kicks off
TEHRAN (Shana) -- The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies began a few minutes ago via video conference.
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12th OPEC+ Meeting
TEHRAN (Shana) -- The 12th Ministerial Meeting of OPEC and non-OPEC countries was held via video conference on Thursday, December 3.
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Will March 2020 be Repeated?
Troublesome Figures
TEHRAN (Shana) -- Calculation of the baseline and the production base of 11 million barrels for the crude oil output of Russia and Saudi Arabia in the April agreement and the determination of the production baseline in October 2018 for 18 other countries committed to adjusting their output has become troublesome. Some OPEC+ member countries, led by the UAE and Kazakhstan, who endorsed the agreement at the April 12 meeting are now protesting to it.
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Iran Cannot Be Removed from Global Oil Market
TEHRAN (Shana) – An Iranian foreign ministry spokesman said: "Despite the US pressure, Iran will never be excluded from the global oil and gas market.”
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180th OPEC Meeting
TEHRAN (Shana) -- The 180th meeting of the Organization of the Petroleum Exporting Countries was held virtually on November 30.
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12th OPEC+ Postponed to December 3
TEHRAN (Shana) – The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping known as OPEC+, will be held on Thursday (December 3) at 2:00 PM Vienna time (4:30 PM Tehran time).
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Iran Petchem Output to hit 100mt/y by 2022
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country’s petrochemical production capacity would reach 100 million tons per year by 2022, 80% more than the 2013 levels.
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PGPIC to Launch 4 Petchem Projects by Yearend
TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company had planned to commission 4 major petrochemical projects by the end of the current Iranian calendar year to March 20, 2021.
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Using Skid-Mounted Refineries, New Oil Industry Strategy: CEO
TEHRAN (Shana) -- The CEO of Petroleum Engineering and Development Company (PEDEC) said construction of the first skid-mounted oil processing unit in the West Karoun region led to the formation of a new strategy and policy in Iran’s oil industry.
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Rouhani Launches Centralized Storage Tanks in South Pars
TEHRAN (Shana) – Iranian President Hassan Rouhani officially ordered commissioning of the centralized storage tanks of South Pars worth €29.2 million and Rls.2,200 billion via video conference.
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Rouhani Launches Skid-Mounted Refinery in West Karoun
TEHRAN (Shana) -- The first skid-mounted oil refining unit is officially put into operation by Iranian President Hassan Rouhani via video conference.
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President Rouhani Launches Lordegan Petchem Plant
TEHRAN (Shana) – Iranian President Hassan Rouhani officially inaugurated Lordegan Petrochemical Plant via video conference.
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Lordegan Petchem Plant in Pictures
CHAHARMAHAL and BAKHTIARI (Shana) -- Lordegan Petrochemical Company is built on a 100-hectare land in the Felard County of Lordegan City in the Chaharmahal and Bakhtiari province, and Iranian Investment Petrochemical Group (Petrol) is the main stockholder of the company.
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Lordegan Petchem Plant on Verge of Official Inauguration
TEHRAN (Shana) -- The CEO of Lordegan Urea Chemical Company announced the complete commissioning of his complex by Iranian experts, adding: “Lordegan Petrochemical Plant will generate about $240 million annually for the country.”
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Iran to Launch Major Oil Projects in West Karoun, South Pars
TEHRAN (Shana) -- Two projects of the National Iranian Oil Company, including the skid-mounted processing unit of West Karoun oil fields cluster and storage facilities and measuring stations of South Pars gas condensate, will be inaugurated tomorrow (Thursday, November 26) by the Iranian President via video conference.
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OPEC’s Economic Commission Board holds its 134th meeting
VIENNA (Shana) -- The OPEC Economic Commission Board (ECB) has convened for its 134th meeting via videoconference.
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Iran Petchem Plant Operates at 104% of Capacity
TEHRAN (Shana) – An Iranian petrochemical facility, Martyr Tondgouyan Petrochemical Plant, has operated beyond expectations by producing 107,000 tons of petrochemicals which is 104 percent of its installed capacity in the period between October 21 and November 20, 2020.