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Tehran-Moscow Ties, Successful Diplomacy Model: Expert
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC) said when the memorandums between Tehran and Moscow become contracts, other countries, such as the Caspian Sea littoral states, will be encouraged to cooperate with Iran more than before to access high seas.
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1st Petchem Consortium to Develop Iran Gas Fields
TEHRAN (Shana) – An Iranian petrochemical consortium has started operations to develop gas fields in the country, said the Secretary General of the Petrochemical Industry Employers Association.
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Minister Voices Support for Petchem Industry
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji voiced the Iranian Ministry of Petroleum’s all-out support for the completion of the petrochemical value chain.
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Condensate Revenues to be dwarfed by Petchem Income: Official
TEHRAN (Shana) – Iran’s petrochemical industry will rake in millions of dollars once new petrochemical compounds come online in the country by 2025, which will dwarf revenues from export of gas condensate, a senior oil official said.
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IOOC to Entrust Drilling of 21 Wells to KBCs
TEHRAN (Shana) – The CEO of the Iranian Offshore Oil Company (IOOC) said his company is in talks with several knowledge-based companies (KBCs) to entrust them with the drilling operations of 21 offshore wells.
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POGC to Drill 35 new Wells in South Pars
TEHRAN (Shana) -- Pars Oil and Gas Company (POGC) is planning to spud 35 new wells in the supergiant South Pars gas field to enhance and maintain gas production in the massive joint field.
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NISOC Output to hit 3.28 mbd by 2027
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the company is planning to bring its daily production capacity to 3.28 million cubic meters by the next 5 years.
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Extension of Iran Gas Export Deal to Iraq on Agenda
TEHRAN (Shana) -- The CEO of the National Iranian Gas Company (NIGC) announced the start of negotiations between Iran and Iraq regarding the continuation of gas exports to the latter.
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Petchem Feedstock Challenges Solvable with NIOC, NIGC Support: CEO
TEHRAN (Shana) – The CEO of the National Petrochemical Company announced the interaction and cooperation between National Iranian Oil Company (NIOC) and National Iranian Gas Company (NIGC) in order to solve the challenges of providing feedstock for petrochemical companies.
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Iran Eyes 15-40% Oil Output Rise by EOR
TEHRAN (Shana) -- The integrated planning director of the National Iranian Oil Company (NIOC) said by applying EOR and IOR methods the country’s petroleum production could increase by 15 to 40 percent.
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EOR Contract to be Signed with Iran Developers
TEHRAN (Shana) -- The director of monitoring oil and gas production of the National Iranian Oil Company said: "Soon the contract to enhance recovery of oil and gas wells will be signed with domestic companies."
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Gas turbine parts of Sarkhoun, Qeshm Refinery Localized
TEHRAN (Shana) -- The supervisor of Sarkhoon and Qeshm Gas Refining Company said the plant’s staff had been able to domestically manufacture parts of the gas turbines used in the refinery.
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South Pars Phase 11 Gas Available by Winter
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the ongoing negotiations for the development of the Iranian oil market, and said: "Oil exports have improved in recent months, but we are negotiating with new and old customers to develop the market."
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Tondgouyan Petchem Plant Breaks PET Output Record
TEHRAN (Shana) -- The head of Shahid Tondgouyan Petrochemical Compound announced the historical production record of 756,000 tons of polyethylene terephthalate since the beginning of the current calendar year, which began on March 21
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Petchem Industry: Savior of Iran Economy under Sanctions
TEHRAN (Shana) -- At the peak of the sanctions, Iran's petrochemical industry earned more than $54 billion for the country, and on average, 80% of the export income of this industry has returned to the country's economic cycle through the NIMA FOREX system.
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Russia, Iran Firms to Build Joint Pipeline
TEHRAN (Shana) -- The CEO of Sina Energy Gostar Holding, affiliated to Mustazafan Foundation, said the holding was planning to build a pipeline for the transfer of petroleum products with support from Russian companies.
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Construction of Petchem Parks Key to Support KBCs: CEO
TEHRAN (Shana) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said: “With the launch of petrochemical parks, the slogan of the year (production, knowledge-based activities and job-creation) will be realized in the true sense because these parks will bring employment, value creation and modern technology to the country.”
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Oil Sale, Cash Transfer Easily Done for Iran: Veep
TEHRAN (Shana) -- The first vice president said: "Today we are selling oil well, and money transfer is done properly and current expenses of the country are provided without borrowing and methods that lead to inflation."
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Bandar Imam Petchem Plant signs 28 MoUs with KBCs
TEHRAN (Shana) -- Bandar Imam Petrochemical Company signed memoranda of understanding for cooperation with 28 local knowledge-based companies (KBC) on the first day of the "Development of Relations with Knowledge-Based and Technology Companies" conference.
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Use of Overseas Refineries Weakens Designs of Iran Enemies: Ex-Official
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company said: "The development of using the empty capacity of offshore refineries by the 13th administration can weaken the enemy's plan to reduce oil revenues."
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Bandar Imam Petchem Output Mix to hit 40 Items in 5 Years
TEHRAN (Shana) -- The CEO of Bandar Imam Petrochemical Company announced the increase of the company's products from the current 31 to 40 items in the next five years.
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South Pars Refineries Supplying 570 mcm/d Gas
TEHRAN (Shana) -- The CEO of South Pars Gas Complex announced the daily production of 570 million cubic meters of gas in the thirteen refineries of the country's largest gas compound, and said: "This complex supplies 75% of the country's gas needs with the savvy and expertise of local specialists and hardworking employees."
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Russia Studies of Iran Oil, Gas Fields in Final Stages
TEHRAN (Shana) -- The CEO of National Iranian Oil Company (NIOC) the study of Iran’s oil and gas fields by Russian companies is nearing its end and the Memoranda of understanding (MoUs) for these studies will soon turn into contracts.
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Russia to Boost Investment in Iran Oil Fields: Novak
RUSSIA (Shana) -- The Deputy Prime Minister of Russia called the relations between Iran and Russia trustworthy and at a high political level, and said: “The amount of Russian investment in Iran's oil fields will increase.”
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Iran, Russia Public, Private Sectors Keen to Neutralize Bans
RUSSIA (Shana) – The Iranian Minister of Petroleum announced the implementation of joint plans and agreements between Iran and Russia in the near future, and emphasized: "There is now a strong will in the public and private sectors of both countries to neutralize the sanctions."
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Iran's Extends Gas Barter Agreement with Armenia
TEHRAN (Shana) -- Iran and Armenia signed a memorandum of understanding on economic cooperation in the energy sector.
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Iran-Russia Ties to hit Closest Level Ever: Novak
RUSSIA (Shana) -- The Deputy Prime Minister of Russia said the relations between Iran and Russia will soon reach the highest level and a new record will be set.
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Iran, Russia sign Cooperation Docs
TEHRAN (Shana) -- Iran and Russia signed four cooperation documents at the 16th meeting of the Joint Economic Commission with the aim of expanding the relations between the two countries.
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Owji addressed Iran-Russia Commission
RUSSIA (Shana) – Iranian Minister of Petroleum Javad Owji addressed the 16th Joint Commission for Economic Cooperation of Iran and Russia that was held in the latter.
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Russian Investors to Spend $4.5b in 7 Iran Oilfields: Owji
RUSSIA (Shana) – The Iranian Minister of Petroleum said Russian investors and companies have finalized a contract for developing 7 oil and gas fields with Iran worth $4.5 billion, and some projects have achieved 7 to 35% physical progress so far.