Iran

Zangeneh: Oil Market is Stable Currently

TEHRAN (Shana) -- Iran’s Minister of Petroleum, Bijan Zangeneh, said after the 14th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference that there is stability in oil market at present.
2021-03-04 20:54
OPEC+ Agrees to Keep 18 Members’ Oil Output Unchanged for April

TEHRAN (Shana) -- OPEC and its allies reached a compromise on Thursday on extending the current crude oil output cuts of 18 members for April, allowing Russia and Kazakhstan to raise their production by 150,000 bpd.
2021-03-04 20:19
14th OPEC+ Meeting Begins

TEHRAN (Shana) -- The 14th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) began a few minutes ago.
2021-03-04 17:12
DoC JTC Discusses Oil Market Developments

VIENNA (Shana) -- The Joint Technical Committee (JTC) held its 49th meeting via videoconference in preparation for the 27th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 14th OPEC and non-OPEC Ministerial Meeting (ONOMM) scheduled for Wednesday, 3 March 2021, and Thursday, 4 March 2021, respectively.
2021-03-03 07:38
Petchem Industry, Helpful under Sanctions: Rouhani

TEHRAN (Shana) – Iranian President Hassan Rouhani said: "During these years of economic warfare and sanctions, one of the places that came to our aid was the petrochemical industry."
2021-03-02 16:12
Minister Rejoices over Iran Activities in Joint Oil Fields

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s current status in joint oil and gas fields is favorable, saying the country is currently producing 400,000 barrels per day of crude oil in the West Karoun Oilfields Cluster.
2021-03-01 17:49
Total Oil Output of Azar Joint Field at 36mb

TEHRAN (Shana) – Iran has so far produced over 36 million barrels of crude oil from Azar join oilfield, the executor of Azar Field’s development project announced.
2021-03-01 13:50
Rouhani Orders Construction of Key Petchem Project

TEHRAN (Shana) – Iranian President Hassan Rouhani has officially broken grounds for construction of a strategic petrochemical project on Monday morning via videoconference.
2021-03-01 12:08
Rouhani Launches Azar Oil Field Development Plan

TEHRAN (Shana) – Iranian President Hassan Rouhani signed off on commissioning Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil.
2021-03-01 11:53
Iran Launches Major Petchem Feedstock Project

TEHRAN (Shana) – Iranian President Hassan Rouhani officially launched the ethane recovery unit of Kangan Petro-Refining Company via videoconference.
2021-03-01 11:50
Rouhani to Order Construction of Key Petchem Project

TEHRAN (Shana) – Iranian President Hassan Rouhani is scheduled to officially break grounds for construction of a strategic petrochemical project on Monday morning via videoconference.
2021-02-28 19:11
Iran Bracing to Launch Major Petchem Feedstock Project

TEHRAN (Shana) -- The CEO of Kangan Petro-Refining Company said the ethane recovery unit of the company, which is touted as the largest feedstock supply unit for petrochemicals in the country, will be put into operation soon.
2021-02-28 18:45
Rouhani to Launch Azar Oil Field Development Plan

TEHRAN (Shana) -- The Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil will be put into operation on Monday, February 29, 2021, in the presence of Iranian President Hassan Rouhani via video conference.
2021-02-28 18:38
Zaki Yamani, Oil Market Legend: Expert

TEHRAN (Shana) – Dr. Mamdouh G. Salameh, Non-Resident Fellow, Expert, the Economics of Oil and Energy, who is an international oil economist and a prominent expert on energy, described late Zaki Yamani as a legend in the global oil market.
2021-02-28 16:11
Plant Entrusts Iranian Firm with Building Complex Catalyst

TEHRAN (Shana) -- The CEO of Tondgouyan Petrochemical Company announced signing of a memorandum of understanding with an Iranian knowledge-based company for developing an exclusive "palladium" catalyst.
2021-02-27 13:10
Iran Bracing for Self-Sufficiency in Urea, Ammonia Catalysts

TEHRAN (Shana) -- The CEO of Hengam Petrochemical Company said the plant has signed deals with Iranian catalyst providers for the supply of the catalysts needed for production of urea and ammonia which will render the country self-sufficient in supply of the items.
2021-02-27 13:08
Iran to End French Monopoly on "Reformate" Catalyst

TEHRAN (Shana) -- The CEO of Noori Petrochemical Plant referring to an agreement with Iranian knowledge-based companies to localize the catalyst of "CCR" units, announced setting of a new record in production of aromatic items by his company.
2021-02-27 13:06
OPEC’s 8th International Seminar Postponed to 29-30 June 2022

TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria.
2021-02-25 04:22
9% Rise in Iran Petchem Output

TEHRAN (Shana) -- The director of production control at the National Petrochemical Company said production of various petrochemical products is expected to reach 61 million tons by the end of the current calendar year, which began on March 21, to grow roughly 9% year-on-year.
2021-02-24 14:05
1st LPG Jetty of Tombak Export Port Operational

TEHRAN (Shana) – The CEO of Pars Oil and Gas Company said the first jetty for loading and exporting liquefied petroleum gas from the service and export port of Tombak in South Pars was put into operation.
2021-02-24 13:58
North Pars, New Gas Hub of Iran

TEHRAN (Shana) -- Some 120 kilometers southeast of the southern Bushehr Province, Iran owns a gas field holding over 57 tcf of gas in place. North Pars is among fields with high potential for investment. The field is estimated to require $16 billion in investment, including $5 billion in the upstream sector and $11 billion in the downstream sector (mainly LNG plants).
2021-02-24 12:47
Research Role in Petchem Value Chain Development

TEHRAN (Shana) -- Iran’s petrochemical industry has conducted vast planning alongside building plants in order to bring the country’s output to 100 million tonnes a year. That would push the country to the top technological position in the region.
2021-02-24 12:45
Golden Days for Iran Refining

TEHRAN (Shana) -- The coronavirus has given our planet a new chance to breathe. Travel rates have dropped sharply. Demand for oil and petroleum products has been falling since the outbreak of the pandemic. Oil wells and refineries across the globe are shutting down one after another. Despite the historic OPEC+ agreement for oil production cut, oil price slump has not stopped. However, there is no sign of increased demand for oil and petroleum products in the market.
2021-02-24 12:42
Key Drilling Item Localized

TEHRAN (Shana) -- A basic functional part in the drilling rig lifting equipment set was localized and operationalized in a joint venture between the specialists of the National Iranian Drilling Company and the Islamic Azad University of Ahvaz.
2021-02-24 12:38
Shahid Tondgouyan Petchem Output exceeds 1 mt

TEHRAN (Shana) – The output of Tondgouyan Petrochemical Plant has reached a million tons since the beginning of the current calendar year, which began on March 21.
2021-02-23 16:35
Iran Export of Petroleum Products Quadrupled under Rouhani

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says the country’s export of petroleum products saw a 4-fold increase under President Rouhani’s administration since 2013.
2021-02-22 13:59
65% of Dehdasht Petchem Plant Being Built Domestically

TEHRAN (Shana) -- The CEO of Dehdasht Petrochemical Plant said 65 percent of the items and equipment needed for construction of the project were provided by domestic manufacturers.
2021-02-22 12:31
Iran Fully Self-sufficient in Pipeline Construction

TEHRAN (Shana) -- The CEO of the National Iranian Oil Engineering and Construction Company said: "We have become completely self-sufficient in construction and implementation of crude oil and petroleum products transmission pipelines under the most difficult economic conditions and sanctions."
2021-02-22 12:17
Iran Launches 3 Key Pipelines

TEHRAN (Shana) -- Iranian Minister of Petroleum officially launched three important pipelines for the transfer of petroleum products.
2021-02-22 10:31
Iran to Start Oil Production in Khesht Field Next Year

TEHRAN (Shana) – The CEO of the Iranian Central Oil Fields Company said plans were under way to start crude oil production at Khesht Oilfield in the first half of the next Iranian calendar year which starts on March 21, 2021.
2021-02-21 21:53