Iran

Iran Bracing for Full Production at Azar Oilfield

TEHRAN (Shana) -- Azar oil field is on the verge of achieving a production capacity of 65,000 barrels of oil per day by using the ancillary facilities of the Central Processing Facility (CPF).
2020-09-16 17:19
IOTC Builds Expansion Joints for SMBs

TEHRAN (Shana) – Experts at the Iranian Oil Terminals Company (IOTC) have successfully built expansion joints used in Single Buoy Moorings (SBMs).
2020-09-16 17:13
Gas Pars Output 2.5 Times Up in 7 Year

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s gas production from the South Pars gas field has increased by 2.5 times since 2013 from 280 million cubic meters per day to currently 700 mcm/d.
2020-09-15 16:23
OPEC 60th Anniversary; Javad Yarjani Explains

How OPEC Became a Key Player in World Markets

TEHRAN (Shana) -- Javad Yarjani, Iran’s former national representative to OPEC, has attended OPEC meetings for more than three decades. He served as the head of the Energy Division of OPEC Secretariat for five years.
2020-09-14 17:11
60th OPEC Anniversary

Zamani-Nia: OPEC should Protect Members by Relying on Partnership

TEHRAN (Shana) -- Iran’s OPEC governor Amir-Hossein Zamani-Nia says all member states of the Organization of the Petroleum Countries should oppose and decry – both in words and deeds – the use of oil as a political tool for exerting pressure and imposing embargo on oil producers.
2020-09-14 17:11
60th OPEC Annivesary

OPEC Founders Achievements

TEHRAN (Shana) -- OPEC has turned 60. So long a time. Why was OPEC established? What has it brought to the five founding members?
2020-09-14 17:11
60th OPEC Annivesary

OPEC Turns 60; Achievements, Survival and Challenges

TEHRAN (Shana) -- This year, the Organization of the Petroleum Exporting Countries (OPEC) is marking 60 years of its foundation. Every year an anniversary ceremony is held on September 14, i.e. the day of OPEC foundation, at the Secretariat of the Organization. In addition, this year a special ceremony was due to be held in Baghdad with OPEC Secretary General Mohammad Barkindo and heads of delegation of OPEC member countries in attendance to commemorate the 60th anniversary of OPEC establishment; however, despite all the required arrangements made by Iraq, due to global COVID-19 pandemic the ceremony was wisely agreed to be postponed to some other time.
2020-09-14 17:10
“OPEC Turned Sixty: Happy Birthday OPEC”

2020-09-14 17:10
60th OPEC Annivesary

OPEC Challenges in its 60s

TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries (OPEC), established in 1960 at the initiative of Venezuela and in cooperation with Iran, Saudi Arabia, Iraq and Indonesia, has been faced with a flurry of challenges over the past six decades given the global economic and social developments and the growth of oil production from conventional sources from non-oil producers, such as the growth of North Sea output in the mid-1970s and the growth of oil production from unconventional sources (shale oil) in recent years.
2020-09-14 17:10
60th OPEC Annivesary

If only OPEC united against Political Saber-Rattling…

TEHRAN (Shana) -- The establishment of the Organization of the Petroleum Exporting Countries, or OPEC for short, 15 years after the end of World War II can be seen as a sign of the efforts of the founding countries to oppose and resist the extravagant behavior of major oil companies, or the famous seven sisters, at that time. In the years before foundation of OPEC, each of the founding countries, namely Iran, Venezuela, Iraq, Saudi Arabia and Kuwait, faced myriad political and social upheavals.
2020-09-14 17:09
60th OPEC Annivesary

OPEC Secretary General Goodwill Message on 60th OPEC Anniversary

TEHRAN (Shana) -- OPEC Secretary General Mohammad Barkindo sent a goodwill message on the ocassion of the 60th anniversary of OPEC establishment.
2020-09-14 15:35
Iran Ranks 1st in World Oil and Gas Discovery in 2019

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) ranked first among the world's largest oil companies in terms of total oil and gas discovery in 2019, with the discovery of 4.973 billion barrels of equivalent hydrocarbon reserves.
2020-09-14 13:56
60th OPEC Annivesary

OPEC turns 60

TEHRAN (Shana) -- The Fourteenth of September 2020 is a very special day for OPEC. This sees the Organization celebrate its 60th anniversary. Few would have foreseen six decades ago that the Organization would have risen to the heights it has today in the global energy arena. Back then in Baghdad, the five Founding Fathers of OPEC, Juan Pablo Pérez Alfonzo of Venezuela; Abdullah al-Tariki of Saudi Arabia; Dr Tala’at al-Shaibani of Iraq; Dr Fuad Rouhani of Iran; and Ahmed Sayed Omar of Kuwait gathered together in the Al-Shaab Hall in Baghdad, to midwife OPEC into the world.
2020-09-14 12:49
60th OPEC Annivesary

Commitment & Cooperation

VIENNA (Shana) -- Back in March and April, the world faced its largest oil demand shock in living memory. On days in April, demand was 23 million barrels a day (mb/d) below that of 2019, the WTI May futures price contract went negative on April 20 and the global economy seemed to be teetering on abyss. Every producer was impacted, no one was immune.
2020-09-14 12:46
First Butt Fusion Laboratory Launched in Iran

TEHRAN (Shana) -- The head of the technical inspection of Qazvin Gas Company announced launching of the first butt fusion laboratory for PE pipes in cooperation with the Science and Technology Park of Imam Khomeini International University.
2020-09-12 15:48
GECF Members Appoint Iran Official as Head of Legal Affairs

TEHRAN (Shana) -- Seyed Hassan Mousavi, the former legal director of the National Iranian Oil Company, has recently been appointed by members of the Gas Exporting Countries Forum (GECF) as the head of legal affairs of the forum.
2020-09-12 15:42
Dozens of Development Projects under way in Mahshahr Petchem Zone

TEHRAN (Shana) -- The CEO of the Petrochemical Special Economic Zone Organization said 29 development projects were under construction to complete the value chain and reduce raw material sales in Mahshahr, southwestern Iran.
2020-09-12 15:29
Potassium Sulfate unit of Urmia Petchem Plant Operational

TEHRAN (Shana) -- Urmia Petrochemical Plant has launched its Potassium Sulfate Unit successfully as one of the downstream development projects of the petrochemical industry.
2020-09-12 14:30
PGPIC among ICIS 100 Top Chemical Firms

TEHRAN (Shana) – Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) has managed to maintain its position as one of the top 40 chemical companies in the world in the ICIS 100 Top Chemical Companies in 2020 despite severs US sanctions on the company.
2020-09-12 14:22
Iran Boosts oil storage capacity by Launching Export terminal in Persian Gulf

TEHRAN (Shana) – Iranian President Hassan Rouhani ordered the opening of a new oil export terminal with relatively large storage and bunkering facilities near the mouth of the Persian Gulf on Thursday.
2020-09-12 14:10
Urea Unit of Lordegan Petrochemical Plant Online

TEHRAN (Shana) -- The third phase of Lordegan Petrochemical Plant, as the largest producer of urea in western Iran, has come on stream with a daily production capacity of 3,250 tons by relying on domestic capabilities.
2020-09-09 17:54
Semi-Industrial MTP Unit of Mahshahr Research Center Operational

TEHRAN (Shana) -- The semi-industrial unit for production of propylene from methanol was put into operation by relying on Iranian technical savvy at the Research and Technology Center of Mahshahr, southwestern Iran.
2020-09-09 12:31
Propane output of South Pars Phase 19 to see 240% Growth by 2021

TEHRAN (Shana) -- The head of operation of 10th South Pars refinery announced a 240% increase in propane production in phase 19 of the South Pars gas complex by the end of the current Iranian calendar year to March 20, 2021.
2020-09-08 17:32
Countdown Begins for Commissioning 23 Wells in South Azadegan

TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) has about to complete sinking 23 development wells at South Azadegan Oilfield, an NIDC official said.
2020-09-08 17:04
Iran Petchem Output 150 mt/y by 2026: CEO

TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical production capacity would reach 150 million tons per year by 2026.
2020-09-08 16:20
Iran 5-Month Petchem Output up 6% Y/Y

TEHRAN (Shana) -- Production of petrochemicals in the first five months of the current calendar year, which began on March 20, rose by 6% compared to the same period last year in Iran.
2020-09-07 15:50
25th Iran Oil Show to be Held in October

TEHRAN (Shana) -- The 25th International Exhibition of Oil, Gas, Refining and Petrochemicals will be held from October 12 to 15.
2020-09-07 14:01
Iran Creates 2.6 mb of Refinery Capacity by Developing Gas Supply Network since 2013

TEHRAN (Shana) – The Iranian Minister of Petroleum Bijan Zangeneh said, "Thanks to the development of South Pars and the implementation of gas supply projects in the last seven years, an equivalent to 2.6 million barrels of refining capacity fuel has been distributed and consumed in the country."
2020-09-07 13:52
MOS Raises Oil Output of South Yaran field

TEHRAN (Shana) -- The oil production capacity of the South Yaran joint field reached 25,000 barrels per day with the installation of locally-built mobile oil separator (MOS).
2020-09-06 15:52
95% of Iran Population to Enjoys Natural Gas by March 2021

TEHRAN (Shana) -- The director of gas supply at the National Iranian Gas Company (NIGC) said 95% of the Iranian population would benefit from natural gas by the end of the current Iranian calendar year which began on March 20.
2020-09-05 18:50