Iran
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281 Refining Parts Localized at Bandar Abbas Refinery
TEHRAN (Shana) -- The commercial deputy of Bandar Abbas Oil Refining Company said the facility has provided 281 types of refinery items by relying on domestic manufacturers over the course of the previous Iranian calendar year of 1398 which ended on March 19.
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Plans Under way for Sending Synthetic Oil to Abadan Refinery
ABADAN (Shana) – The deputy director of production at the National Iranian Oil Company (NIOC) said plans were under way to send synthetic oil to Abadan refinery besides the facilities operating in northern provinces.
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NISOC Ready to Boost Synthetic Oil Supply to Refineries
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) announced the company’s readiness to enhance its synthetic oil supply to Iranian refineries.
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Noori Petchem Plant to Export Heavy Aromatics
TEHRAN (Shana) – The CEO of Noori Petrochemical Company said the plant's was preparing to export heavy aromatics.
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NISOC Localizes Key Gas Turbines Parts
TEHRAN (Shana) – Experts at the National Iranian South Oil Company (NISOC) have successfully localized intricate parts used in gas turbines in line with support for local manufacturing and knowledge-based companies.
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Iran gas refining Capacity Beyond 1bcm
TEHRAN (Shana) -- Iran's daily gas refining capacity has reached more than one billion cubic meters, National Iranian Gas Company (NIGC) said.
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99.99% Safety in Pipeline Transmission
TEHRAN (Shana) -- The Iranian Oil Pipelines and Telecommunication Company (IOPTC) transmits millions of liters a day of a variety of petroleum refined products via over 14,000 kilometers of underground pipeline and many pumping stations to feed refineries producing gasoline, gasoil and kerosene among other products before delivery to the storage facilities of National Iranian Oil Products Distribution Company (NIODPC).
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Petchem Role in Stock Market
TEHRAN (Shana) -- In the petroleum industry, petrochemical companies have gained fame for their early and fast yield. Some experts say the rate of return of investment in petrochemical projects is six years.
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Petchem Revenue Topped $14.5bn
TEHRAN (Shana) -- The CEO of National Petrochemical Company (NPC), Behzad Mohammadi, has said that the petrochemical sector earned Iran $14.5 billion in revenue last calendar year to March 2020.
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Zangeneh: Sanctions Didn’t Halt Our Projects
TEHRAN (Shana) -- Iran’s President Hassan Rouhani inaugurated the installation of the first jacket of Phase 11 of the massive South Pars gas field.
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Iran Bracing to Enhance Oil Recovery at Azar Oilfield
TEHRAN (Shana) -- The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field.
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Iran Resumes Gas Exports to Turkey
TEHRAN (Shana) – Mohammad Reza Joulaei, caretaker of the dispatching department of the National Iranian Gas Company (NIGC), told Shana Iran’s gas exports to Turkey had been resumed at 2:10 p.m., Wednesday, July 1, 2020.
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Iran to Launch $11.5b Petchem Projects by March 2021
TEHRAN (Shana) – The deputy minister of petroleum for petrochemical affairs said a total of $11.5 billion worth projects would be launched in Iran by the end of the current Iranian calendar year to March 20, 2021.
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Iranian Ministry of Petroleum on Arbitration Court Ruling Regarding NIGC-Turkmengaz Dispute
TEHRAN (Shana) -- The General Directorate of Public Relations of the Iranian Ministry of Petroleum issued an announcement explaining the outcome of the International Court of Arbitration’s ruling regarding the dispute between the National Iranian Gas Company (NIGC) and Turkmengaz.
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Iran Gas Exports up 3.6 bcm
TEHRAN (Shana) – An Iranian deputy petroleum minister announced that Iran’s natural gas exports had increased by 3.6 billion cubic meters, or 26%, in the calendar year of 1398 which ended on March 19 compared to the preceding year.
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NISOC Output Capacity Up
TEHRAN (Shana) -- Iran’s minister of petroleum, Bijan Zangeneh, recently said that despite the outbreak of the novel coronavirus, oil and gas production in Iran had not faced any disruption. Among Iranian oil production companies, National Iranian South Oil Company (NISOC) enjoys a special status because of its large contribution to Iran’s production.
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Iran Pahlavi I Petroleum Industry
Oil Revenue for Regime
TEHRAN (Shana) -- In the previous issue, we discussed how the Pahlavi I regime affected Iran’s petroleum industry developments that led to changes in the D’Arcy Concession. The agreement was struck in the final years of the Qajar in power. It was practically lost in the midst of Constitutionalism.
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Developing Persian Gulf Fields to Avert South Pars Output Fall
TEHRAN (Shana) -- As Iran’s Petropars starts developing Phase 11 of the giant South Pars gas field with a view to making first recovery in 2021, Iran would be soon completing development of all phases of this offshore field which it shares with neighboring Qatar.
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Iran Says it sold Petrol to Venezuela at Current Price
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country had sold petrol to Venezuela at current prices.
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Iran Petchem Output to hit 3-digit Realm
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country’s petrochemical output would reach 100 million tons per year by March 2022.
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Iran Eyes Unprecedented Boost in Petchem Output
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country was expecting the most unprecedented growth in petrochemical output by 25 million tons per year in the current Iranian calendar year which began on March 20.
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Jask to Become Major Oil Export Hub for Iran: Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani underlined the strategic importance of the Goreh-Jask crude oil pipeline, saying: "Today is the day of trust for Iranian oil customers and Jask will become an important hub for Iran's oil exports."
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Iran Eyes Oil Exports from Jask by March
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh expressed optimism that Iran would start crude oil exports from Jask terminal by the end of the current Iranian calendar year which began on March 20.
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Iran-Made Catalysts Used in Miandoab Petchem Plant
TEHRAN (Shana) – Iran has just launched a major petrochemical plant which is fed by locally-developed catalysts: Miabdoab Petrochemical Plant.
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Iran Launches 175,000-Ton Polyethylene Plant
TEHRAN (Shana) – Iranian President Hassan Rouhani has officially launched a major polyethylene plant in at the Miandoab Petrochemical Complex in West Azarbaijan Province, northwestern Iran.
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Iran-China 25-year comprehensive plan for co-op proves failure of efforts to isolate Iran: SPOX
TEHRAN (Shana) -- Government spokesman Ali Rabiei said on Tuesday that Iran and China have drafted a 25-year plan for economic cooperation which proves failure of the plots to isolate the Islamic Republic.
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Iran to Cut Dependence on Hormuz Strait for Oil Exports via 1,000-km Pipeline
TEHRAN (Shana) -- The Iranian president says Iran is building a major pipeline to transferring oil from west of the Persian Gulf to its east, cutting dependence on Hormuz Strait for oil exports.
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Belgian Business Attaché Lauds PSEEZ for Ample Investment Potential
TEHRAN (Shana) -- In an interview with the CEO of Pars Special Economic Energy Zone Organization, Nooshin Rahgozar, economic and commercial attaché of Belgian embassy in Tehran, said: "This region has good potential for investment."
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Iran Bracing for Self-sufficiency in Hexane Production
TEHRAN (Shana) -- The CEO of Imam Khomeini Refinery (Shazand) said the Iranian President Hassan Rouhani was to officially launch a normal hexane production unit in the facility which would render Iran self-sufficient in production of the item.
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3 New Butane Chain Items to be produced in Mahshahr
TEHRAN (Shana) -- The first project in the butane chain in Mahshahr will be ready for operation with the aim of commercial production of three important and new items, parallel with planning for realization of the second petrochemical leap in Iran.