Iran
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Over 200 agreements, MoUs signed in Iran Oil Show 2023
SHANA (Tehran) -- More than 200 agreements and memorandums of understanding (MoUs) have been signed between Iranian and international companies during Iran Oil Show 2023, Iran's oil minister said here on Saturday.
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Iran's NIGC official: Talks on gas imports from Turkmenistan held
SHANA (Tehran) – Iran has negotiated with Turkmenistan to import gas from the neighboring country, the director of the integrated planning at the National Iranian Gas Company (NIGC) said here on Friday.
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Iran says ready to carry out Iraq gas projects
SHANA (Tehran) – Deputy Oil Minister Majid Chegeni on Thursday announced Iran's readiness to carry out and complete Iraq’s gas projects.
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Iran, Iraq deputy oil ministers meet
SHANA (Tehran) – Iranian Deputy Oil Minister Majid Chegeni and his Iraqi counterpart Laith Al-Shaher meet on the second day of the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition on Thursday, May 18, 2023.
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Iran, Russia sign statement of cooperation
SHANA (Tehran) – Iran and Russia inked a statement of cooperation here on Wednesday in the presence of Iran’s First Vice President Mohammad Mokhber and Russian Deputy Prime Minister Alexander Novak.
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Iran, Russia to complete International North-South Transport Corridor
SHANA (Tehran) – Iran and Russia signed an agreement to build Rasht-Astara railway in order to complete the International North-South Transport Corridor (INSTC), Russian Deputy Prime Minister Alexander Novak said on Wednesday.
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Iran, Russia sign statement of cooperation
SHANA (Tehran) – Iran and Russia sign a statement of cooperation in the presence of Iran’s First Vice President Mohammad Mokhber, Iran Oil Minister Javad Owji, and Russian Deputy Prime Minister Alexander Novak on Wednesday, May 17, 2023.
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First day of Iran Oil Show 2023
SHANA (Tehran) -- The photos show the first day of the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2023, inaugurated in a ceremony in Tehran on May, 17, 2023. Some 200 companies from 13 countries have taken part in the exhibition, which will be open to visitors every day from 9:00 a.m. to 5:00 p.m. (0530 to 1330 GMT) until Saturday.
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Iran, Russia sign 10 cooperation agreements, MoUs
SHANA (Tehran) – Iran and Russia sign 10 cooperation agreements and memorandums of understanding (MoUs) at a meeting of the Permanent Russian-Iranian Commission on Trade and Economic Cooperation in the presence of Iran Oil Minister Javad Owji and Russian Deputy Prime Minister Alexander Novak in Tehran on May 17, 2023.
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Iran, Russia hold joint economic commission
SHANA (Tehran) – The meeting of the Permanent Russian-Iranian Commission on Trade and Economic Cooperation is held in the presence of Iran Oil Minister Javad Owji and Russian Deputy Prime Minister Alexander Novak in Tehran on May 17, 2023.
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Iran-Russia B2B meeting on cooperation in oil, gas sectors
TEHRAN (Shana) – The first business-to-business (B2B) meeting on cooperation in oil and gas sectors is held between Iranian and Russian companies at the Research Institute of Petroleum Industry (RIPI) in Tehran, the capital of Iran, on May 16, 2023.
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Oil minister accompanying Raeisi arrives in Damascus
SHANA (Tehran) -- Iran's President Seyyed Ebrahim Raeisi accompanied by some ministers, including Oil Minister Javad Owji, arrived in Damascus on Wednesday.
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Raeisi underlines Iran-Iraq cooperation in energy sector
SHANA (Tehran) – Iran’s president here on Saturday put great emphasis on boosting Tehran-Baghdad relations and promoting their cooperation in infrastructure fields, including water, electricity, gas, and energy sectors.
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IEA: Iran’s Feb. oil output hit 2.65 mbd, up despite sanctions
SHANA (Tehran) – The latest International Energy Agency (IEA) figures show crude oil production in sanctions-hit Iran reached 2.65 million barrels per day (mbd) in February.
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MP: Iran-Saudi détente to have positive impacts on energy sector
SHANA (Tehran) – The recent agreement between Iran and Saudi Arabia on resumption of diplomatic relations will have positive impacts on energy, economic, and political sectors of West Asia, particularly the Persian Gulf region, said an Iranian lawmaker here on Thursday.
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NPC head: Iran a market for long-term investments
SHANA (Tehran) – The National Petrochemical Company (NPC) managing director said Iran is a market for long-term investments.
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Tehran, Beijing sign 20 documents
Iran, reliable partner for world energy supply
The Iranian president, Ebrahim Raeisi, visited China at the head of a high-ranking delegation at the invitation of his Chinese counterpart Xi Jinping in mid-February. Minister of Petroleum Javad Owji was accompanying the president. During the three-day visit, 20 documents of cooperation were signed between the two nations in various sectors. Raeisi highlighted Iran’s huge oil and gas reserves, saying: “Iran-China partnership in maintaining energy security can help establish peace and bring about development at the regional and global levels, not to mention guarantee shared interests.”
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IIES head: Iran-Saudi rapprochement contribution to economic, energy sectors a must
SHANA (Tehran) – The head of Iran’s Institute for International Energy Studies (IIES) put great emphasis on contribution of recent political and security agreement between Tehran and Riyadh to economic and energy sectors.
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Iran’s former official at OPEC:
Tehran, Riyadh expected to seize opportunity to boost ties in oil, gas sectors
SHANA (Tehran) – Former OPEC affairs head of the the Iranian Ministry of Petroleum here on Saturday said Tehran and Riyadh are expected to seize the opportunity created after their rapprochement and develop their relations, particularly in oil and gas sectors.
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Iran’s former OPEC governor:
Iran-Saudi agreement to stabilize global oil market
SHANA (Tehran) – Iran’s former OPEC governor is convinced that Iran-Saudi rapprochement will be to the advantage of crude oil importers and exporters of the Middle East and could stabilize global oil market.
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Ghadir Petrochemical Company Breaks 15-Year Output Record
TEHRAN (Shana) -- Ghadir Petrochemical Company has broken a 15-year production record, according to a statement released by the company.
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Iran Self-Sufficient in Car Seat Foam Production
TEHRAN (Shana) -- Karun Petrochemical Company has made Iran self-sufficient in the production of the raw materials needed for production of the foam used in car seats.
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Transition to New Order in Oil Market?
TEHRAN (Shana) -- The Iranian Petroleum Ministry’s Directorate of OPEC and Int’l Energy Fora has analyzed the oil market to conclude that last year’s developments gave rise to a new tug-of-war, which will soon result in a new balance of forces. In the new order envisaged for the oil market, Western governments will see their monopoly decline on the oil market which would turn into a regional market with a lower level of integration. However, the trans-Atlantic energy market between North America and Europe is projected to show further integration.
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2022 Oil Market Review and 2023 Forecast
TEHRAN (Shana) -- As the international oil market warms up for 2023 let’s take a look at major events that had immense impact on the world oil markets in 2022. The global energy market was just done with Pandemic that hit demand in early 2020 jeopardizing the supply chain most severely. Producing countries need to be praised and acknowledged for the wonderful job of adjusting skillfully with the demand destruction leading to a swift balance in the market. However, early in 2022 the international oil and energy market was confronted with a severe blow when the Russian conflict with Ukraine broke out on 24 February 2022.
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South Pars Gas Output at 705mcm/d
TEHRAN (Shana) -- Gas recovery from the giant South Pars offshore gas field, which Iran shares with Qatar, has reached 705 mcm/d. Minister of Petroleum Javad Owji has said natural gas consumption by domestic and business sectors has increased 60 mcm/d year-on-year. A review of Iran’s gas consumption through the 1986-2016 period indicates a 10% growth in gas consumption, which requires renewed production to head off any shortages in cold months. That is why efforts are under way to reverse the upward trend in gas consumption.
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Gas, Iran Bargaining Chip
TEHRAN (Shana) -- Iran's gas export and equations for the transfer of theclean energy to its neighboring countries is a program that is being pursued more and more by the PetroleumMinistry. In the latest move, Iran's Minister of Petroleum Javad Owji has held intensive negotiations with senior Turkish officials to extend the gas and energy trade agreement, which seems to be a very important issue in the economic relations between the two countries.
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Iran 11-Month Petchem Exports hit $15b
TEHRAN (Shana) -- The director of planning and development of the National Petrochemical Company (NPC) announced the export of $15 billion of petrochemicals in first 11 months of the current Iranian calendar year which began on March 21.
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Phase-2 of Assaluyeh Petrochemical Green Tanks Compony Nears Startup
TEHRAN (Shana) -- The CEO of Assaluyeh Petrochemical Green Tanks Compony said the investment made in the first and second phases has reached more than $350 million.
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Winners of 9th Petchem Industry Excellence Award Announced
TEHRAN (Shana) -- The 9th Petrochemical Industry Excellence Award was held with the slogan "Knowledge-oriented, excellence, sustainable development" with the introduction of top companies.
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Jask Oil Terminal Guarantees Continued Oil Exports: Official
TEHRAN (Shana) -- The head of the Iran Oil Terminals Company (IOTC) said: “Jask Oil Terminal, as a national and strategic project under the management of the administration and the leadership of the National Iranian Oil Company (NIOC) in the Sea of Oman, guarantees the continuation of crude oil exports, decentralization in the field of oil exports, and increased bargaining power and job creation.”