Iran

5 OPEC Decision in 177th Meeting

VIENNA (Shana) – OPEC+ production cuts increased by 503,000 barrels per day, secondary sources designated as OPEC and non-OPEC production reference sources, gas condensate was removed from crude oil production calculation of non-OPEC producers, Algeria's Energy Minister was selected as OPEC Conference President alphabetically, and eventually, Iran became the vice-chairman of the OPEC board of governors.
2019-12-06 18:09
We would never Forfeit Iranian Nation's Rights: Zangeneh

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said he and his team would never give up on the Iranian nation’s rights.
2019-12-05 14:55
Zangeneh to Meet with OPEC Sec. Gen., Conference President

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh is scheduled to meet with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), and Venezuela's People's Minister of Petroleum and President of the OPEC Conference in Vienna on Thursday.
2019-12-05 10:26
Iran Mulls Construction of $8b Petchem Project

TEHRAN (Shana) – Plans are under way to construct an $8-billion petrochemical megaproject by Iranian petrochemical holdings, a senior petrochemical official said.
2019-12-04 17:56
US Efforts to Stop Iran Oil Export, Fruitless: Parl. Speaker

TEHRAN (Shana) -- Iranian Parliament Speaker Ali Larijani leveled criticism at the White House, saying the US efforts to bring Iran’s oil exports to zero was fruitless.
2019-12-03 18:17
Overhaul of South Pars Gas Platforms Complete

TEHRAN (Shana) – Overhaul operations of 22 offshore platforms in South Pars Gas Field has come to an end after 160 days.
2019-12-03 17:12
Iran Largest Petrol Producer in OPEC

TEHRAN (Shana) -- Completion and operation of the Persian Gulf Star Refinery, as the largest gas condensate refinery in the world, implementation and completion of major refinery development projects in recent years, followed by nationwide production and distribution of clean fuel, are among the steps taken by the Rouhani Administration to turn Iran into the largest petrol producer among other members of the Organization of the Petroleum Exporting Countries (OPEC).
2019-12-02 15:41
RIPI to Host Petrotest in December

TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) is to host the first startup event for university students for the Iranian Ministry of Petroleum in December.
2019-12-02 14:40
NIDC Drills 111,000 m of Oil, Gas Wells in 8 Months

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has drilled 111,000 meters of oil and gas wells since March 2019.
2019-12-01 15:42
Iran-Made Polypropylene Catalyst to Hit Market by March

TEHRAN (Shana) – Iran’s Petrochemical Research and Technology Company (PRTC) has planned to supply the market with the catalyst required for production of polypropylene by March 2020.
2019-12-01 15:29
Operations Begin for Building Largest Gas Storage Tank in Middle East

TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) said drilling of the first appraisal well in Ghezel Tappeh Reservoir, Golestan, had started to develop the Middle East’s largest gas storage facility.
2019-11-28 16:05
Sanctions on GECF Members Endangers World Energy Security: Ex-Sec. Gen.

TEHRAN (Shana) – The former Iranian Secretary General of the Gas Exporting Countries Forum stressed the need to halt unilateral transnational sanctions against some GECF members.
2019-11-28 15:50
Khark Petchem Plant to Launch Project for Collecting Associated Gases

TEHRAN (Shana) – The CEO of Khark Petrochemical Plant said the company was to launch a project for collecting associated gases in Khark Island by next week.
2019-11-27 18:51
NGL Projects Key in Feeding Petchem Plants

TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said that NGL 3,100, 3,200 and Persian Gulf Bidboland Refinery played key roles in feedstock supply petrochemical plants.
2019-11-27 17:49
Offshore Section of S.P Phase 14 Complete by December

TEHRAN (Shana) – The operator of phase 14 development project of the South Pars gas field said the offshore section of the project would be complete by December.
2019-11-26 18:10
NIGC Saves $9 bn by Liquid Fuel Exports

TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) said by investing a sum of $4 billion in urban and rural gas projects in recent years and in return for exporting liquefied fuel, NIGC has saved roughly $9 billion in the gas sector.
2019-11-26 17:52
Petchem Exports from PETZONE Easier than Ever

TEHRAN (Shana) – The CEO of PETZONE said exports of petrochemicals from the special petrochemical economic zone were be facilitated by launching a new export corridor.
2019-11-26 17:28
Ex-GECF Sec. Gen. Calls on Members to be Vigilant against US

TEHRAN (Shana) -- Representative of Iranian Minister of Petroleum at the Extraordinary Meeting of Ministers of Gas Exporting Countries Forum (GECF), outlining expectations of the Fifth GECF Summit, said: "The United States has gone to war with the right of nations to develop in recent years with a kind of monopoly-seeking and imposition of sanctions and is trying to prevent nations’ development via economic terrorism."
2019-11-26 17:21
CEO Satisfied with PGPIC Sales, Exports

TEHRAN (Shana) – The production and exports of Persian Gulf Petrochemical Industries Company (PGPIC) are satisfactory for the time being, the holding’s CEO says.
2019-11-25 17:07
Plant Revers Iranian Manufacturers for Supplying Key Items

TEHRAN (Shana) – The CEO of Morvarid Petrochemical Plant said his company had enjoyed the support of powerful Iranian manufacturers for the supply of items and parts in the facility.
2019-11-25 17:06
Iran Eyes 680 mcm/d Gas Output in South Pars

TEHRAN (Shana) – The CEO of the Pars Oil and Gas Company (POGC) said the company was planning to bring gas production from the supergiant South Pars gas field to 680 million cubic meters per day by launching new platforms.
2019-11-24 18:07
Iran to Dig New Wells in North Azadegan

TEHRAN (Shana) -- The operator of Azadegan Oilfield Development Project said plans were under way to drill a number of new wells in the joint oilfield.
2019-11-23 16:46
Jam Petchem Plant Plans to Diversify Output

TEHRAN (Shana) – The CEO of Jam Petrochemical Plant said the company had devised a master plan for diversification of its output.
2019-11-23 16:33
Remaining Platforms of SP Phase 13 to be Installed by March 2020

TEHRAN (Shana) -- The operator of phase 13 of the supergiant South Pars gas field said the remaining two platforms of the offshore project would be installed by the end of the current calendar year to March 20, 2020.
2019-11-20 17:49
Arvand Petchem Plant Gets 70% of Catalysts from Local Suppliers

TEHRAN (Shana) – The CEO of Arvand Petrochemical Plant said the company supplied 70% of its need for catalysts from domestic producers.
2019-11-19 17:36
Iran Eyes Petrol Exports by Managing Consumption

TEHRAN (Shana) – The spokesman of the Rouhani Administration said the office was planning to turn Iran into an exporter of petrol by managing domestic consumption.
2019-11-18 15:43
Iran May Become Petrol Importer by 2021 if Consumption not Controlled: Rouhani

TEHRAN (Shana) – Iranian President Hassan Rouhani said the country would become a net importer of petrol by 2021 if the current consumption trend continued.
2019-11-18 12:52
Last South Pars Phase 22-24 Platform Installed

TEHRAN (Shana) – Platform 24B of phases 22 to 24 of the massive South Pars gas field was successfully installed in the Persian Gulf.
2019-11-16 16:27
IGTC Fully Ready for Gas Supply in Winter

TEHRAN (Shana) – The Iranian Gas Transmission Company (IGTC) CEO said his company was fully prepared to ensure sustainable gas flow throughout the country during winter.
2019-11-16 16:14
3rd Offshore Platform of Phases 22-24 Installed

TEHRAN (Shana) – Installation of the third offshore platform of Phases 22-24 project of South Pars gas field has completed.
2019-11-13 18:49