Iran

CEO Highlights Support for Domestic Manufacturers

TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC), Behzad Mohammadi, stressed the necessity of supporting domestic manufacturers and producers.
2019-09-24 18:47
Iran, Syria Mull Enhanced Cooperation

TEHRAN (Shana) -- The Iranian Minister of Petroleum met his Syrian opposite number in his Tehran office on Tuesday.
2019-09-24 13:41
Noori Petchem Co. to Add 2 Items to Production Basket

TEHRAN (Shana) – The CEO of Noori Petrochemical Plant said the company would add two items to its production basket.
2019-09-23 16:59
PRTC Signs HDPE Deal with TPC at Iran Plast

TEHRAN (Shana) -- The Petrochemical Research and Technology Company (PRTC) and the Tabriz Petrochemical Company (TPC) signed an agreement on building a heavy density polyethylene (HDPE) production unit at TPC.
2019-09-23 16:19
Iran to Build PVM Plant in Western Cities

TEHRAN (Shana) – Plans are under way to build propylene via methanol (PVM) projects in western Iran, a senior petrochemical official said.
2019-09-23 16:10
IOTC Keen on Tapping Local Capabilities: CEO

TEHRAN (Shana) -- The CEO of the Iranian Oil Terminals Company (IOTC) said the company was serious in exploiting the equipment and services offered by domestic companies.
2019-09-23 12:41
Iran Petchem Investment to Cross $93 bln by 2025

TEHRAN (Shana) -- The senior Iranian petrochemical official said that the country’s investment in the petrochemical industry would reach 93 billion dollars by 2025.
2019-09-22 16:32
$25 bln Petchem Output, Indication of Curbing Sale of Raw Materials: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said preventing sale of raw materials including crude oil and gas was one of the main plans of the Iranian Ministry of Petroleum, adding production of $25-billion worth of petrochemicals by 2021 was a major leap in the industry which would continue.
2019-09-22 14:49
13th Iran Plast Kicks off in Tehran

TEHRAN (Shana) – Tehran, the Iranian capital, is playing host to the 13th edition of the Iran Plast international exhibition.
2019-09-22 12:33
13th Iran Plast Showcase to Kick off on Sunday

TEHRAN (Shana) -- The 13th edition of the Iran Plast international exhibition will begin on Sunday, September 22 through 25 at Tehran’s permanent fairgrounds.
2019-09-21 14:58
US Using Oil as Weapon: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh stressed the non-political nature of oil, saying the US was using oil as a weapon which was not the right approach.
2019-09-19 14:52
Export of Petroleum Products Suitable: President

TEHRAN (Shana) -- Iranian President Hassan Rouhani said that the current state of petroleum products and petrochemicals exports of the country was suitable.
2019-09-18 15:12
Selling Oil not Easy but Efforts Continue Nonstop: Iran

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh says selling oil is not easy for the country, adding, “We, however, would never cease to try.”
2019-09-18 13:44
South Pars

2019-09-18 12:24
Maximized Involvement of Domestic Firms in Petchem Projects, NPC Concern

TEHRAN (Shana) -- The National Petrochemical Company (NPC) is seeking to ensure the maximized involvement of domestic manufactueres and contractors in petrochemical projects, the NPC CEO said.
2019-09-17 15:39
Iran Mulls Gas Production Enhancement in Khangiran

TEHRAN (Shana) – The CEO of the East Oil and Gas Production Company said that plans were under way to add 2.5 million cubic meters to gas production capacity in Khangiran district, northeastern Iran.
2019-09-17 14:58
Figures Concerning Iran-China Deals not Real: FM Spox

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said that investment affairs between Iran and China had been viewed as a strategic plan for Iran, denying figures released in media concerning the level of the interactions.
2019-09-16 16:28
Iran Welcomes Oil Buyers: Spox

TEHRAN (Shana) -- The spokesman of the Iranian Government said the country would welcome any country that wished to buy oil from Iran.
2019-09-16 16:20
Iran Petchem Output to Cross 133 mt/y by 2025

TEHRAN (Shana) -- Iran has planned to bring its petrochemical production capacity to 133 million tons per year by 2025 with $40 billion of investment.
2019-09-16 15:56
Petchem Plant Improves ICIS Ranking Despite Sanctions

TEHRAN (Shana) – The ICIS has ranked Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) 35th in ICIS Top 100 Chemical Companies for 2019, three levels better than last year, despite the fact that PGPIC is targeted by the US sanctions.
2019-09-15 16:45
70% Share of Domestic Companies in Belal Field Development

TEHRAN (Shana) – Iranian manufacturers will supply 70 percent of the items needed for developing Belel offshore gas field, an official said.
2019-09-15 16:30
Iran Oil Industry Developing Despite Sanctions: Official

TEHRAN (Shana) – A senior Iranian oil official said that the industry was developing in the country despite the sanctions.
2019-09-15 16:06
Strategy to Delay Pressure Drop in South Pars Begins

TEHRAN (Shana) – The Managing Director of Pars Oil and Gas Company said signing Belal gas field’s development contract was one of the long-term solutions to prevent gas pressure drop in South Pars.
2019-09-14 14:28
Tapping Domestic Capabilities, NIOC Priority for Developing Belal Gas Field: CEO

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) CEO said that the company’s priority was to tap domestic capabilities for developing Belal offshore gas field.
2019-09-14 13:57
CNPCI Practically Out of SP. 11 Project: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said that China’s CNPC International had practically pulled out of the South Pars Phase 11 development project despite not having officially stated so.
2019-09-14 13:23
Market Survey Needed for Ensuring Effectiveness of Deeper Oil Output Cuts: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the market’s reaction to deeper supply cuts by OPEC+ needed to be assessed in order to ensure the plan’s effectiveness.
2019-09-14 11:58
POGC Inks Gas Deal with Petropars

TEHRAN (Shana) -- Pars Oil and Gas Company (POGC), a subsidiary of the National Iranian Oil Company (NIOC), has finalized a $440m deal with Petropars Company for developing Belal Gas Field in the Persian Gulf.
2019-09-14 10:55
Iran-Russia Private Sectors Seek Cooperation in Oil Industry

TEHRAN (Shana) – A Russian delegation of private business people active in oil and gas industry met with the head of the Energy Committee and the deputy head of Tehran Chamber of Commerce in Tehran.
2019-09-11 16:42
Iranian Firm to Develop Belal Gas Field

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) is to sign a $440m contract with a domestic company to develop Bilal Gas Field in the Persian Gulf.
2019-09-08 15:04
Startups, New Energy Business Sector

TEHRAN (Shana) -- A new business sector is emerging in Iran’s petroleum industry. Several years after the formation of knowledge-based companies in this vital sector, it is now oil startups’ turn. The startups are expected to develop creative ideas with a view to reducing production costs and boosting productivity in the petroleum industry.
2019-09-08 12:19