Iran
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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.”
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Arvand Petchem Plant Breaks Production, Profitability Records
TEHRAN (Shana) -- Arvand Petrochemical Company, with the production of 2.58 million tons of products in the first 11 months of the current Iranian calendar year which began on March 21, set a new production record and registered a unique performance with 7.5 trillion tomans of net profit.
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Foreign Ministry key in Attracting Capital to Petchem Industry
TEHRAN (Shana) – The Investment Director of the National Petrochemical Company (NPC) said: "To attract new investments in Iran's petrochemical industry, the support and capacities of the Ministry of Foreign Affairs can be benefited from."
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Tondgouyan Petchem CO. Receives ISO31000:2018
TEHRAN (Shana) -- Based on the results announced by the audit group of the Iran Compliance Assessment and Monitoring Company and in the presence and supervision of the representatives of the group's risk management unit, Tondgouyan Petrochemical Company, as the first company from the Persian Gulf Petrochemical Industries Group, succeeded in establishing an integrated enterprise risk management (ERM) system.
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Tehran, Beijing Cooperation Favorable for Future of Iran
TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Parliament said: “Today, the economic cooperation between Iran and China is more coherent than ever, and the recent visit of the president to this country can bring good results for Iran.”
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Petchems, Refineries Offering hard Currency Earnings on ICE
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said all foreign currency obtained from the export of petrochemical and refining companies will be offered in the Iran Center of Exchange (ICE).
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Iran Can be Supplier of China's Energy Demand: Expert
TEHRAN (Shana) -- An expert on energy issues said since the driving engine of China's economy is the energy sector and Iran also has stable sources of energy, the latter could easily meet China's needs.
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Capacity of ECO, Shanghai Organizations Usable for Developing Petchem Exports
TEHRAN (Shana) -- The head of international affairs of the National Petrochemical Company (NPC) said the capacities of international organizations such as ECO and the Shanghai Cooperation Organization could be tapped for the development of Iran’s petrochemical exports.
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Petchem Firms Mull Hydrogen Production
TEHRAN (Shana) -- Petrochemical companies invest to produce hydrogen in Iran in line with the global trend of producing this fuel.
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No Concerns for Providing Petchem Catalysts in Iran: CEO
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said Iran is not worried about the supply of catalysts now because Iranian researchers have moved towards localization of the items and the risk of stopping production is not due to the lack of catalysts.”
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Iran to Boost LPG, Propane, Butane Exports in South Pars
TEHRAN (Shana) -- The engineering director of the South Pars Gas Complex stated that the preparations for equipping the LPG export jetty for the National Iranian Gas Company (NIGC) in South Pars have been put on the agenda, adding that with its completion, the export of liquified petroleum gas (LPG), propane and butane in this complex will accelerate.
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Iran, China Forming Mutual Dependence: Expert
TEHRAN (Shana) -- The head of the Institute of International Energy Studies (IIES) stated that the relations between Iran and China are getting stronger, and said: “The Chinese have always maintained their relationship with our country despite the imposition of sanctions against Iran.”
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Petchem, Petro-refinery Projects Online in 2 Years
TEHRAN (Shana) -- The Chairman of the Oil Industry Pension Funds Board said Soroush, Negin and Kangan Olefin Petrochemical Plants will come on stream by the end of the next Iranian calendar year to March 2024.
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Iran, China Economy could complement each other: Ex-Official
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC) emphasized that the economy of Iran and China can complement each other and meet many of each other's needs.
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Iran, Turkmenistan Discuss Energy Deals
TEHRAN (Shana) -- The Iranian delegation attended separate meetings with the managers of Turkmengas, Turkmenneft and Turkmenchemistry companies on the second day of Iran's exclusive exhibition in Turkmenistan.
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China Keen on investing $50 m in Mahshahr Petzone
TEHRAN (Shana) -- A delegation of Chinese investors visited Mahshahr Petrochemical Special Economic Zone with the aim of checking the existing infrastructure and the possibility of investing $50 million to build a carbon-sulfur production plant.
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NIOC, Sinopec in talks for Phase-2 of Yadavaran Oilfield
TEHRAN (Shana) -- The director of investment and business of the National Iranian Oil Company (NIOC), emphasizing that the 13th administration, unlike the previous administration, has a strategic view of old partners such as China and Russia, stated: “Since the beginning of the 13th admonition, regular negotiations have been held with China's Sinopec Company regarding the second phase development of Yadavaran field.
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Development of Oil, Gas Fields in Central Regions Accelerating: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) emphasized the need to accelerate the maintenance of the production capacity of the fields operated by the Iranian Central Oil Fields Company (ICOF), and said: “The vision outlined for this company is to increase gas production to 142 million cubic meters per day.”
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3%, Share of Knowledge-Based Economy in GDP
TEHRAN (Shana) -- The Deputy Head of Technology of the Oil and Gas Park said: “Until the past few years, the gross domestic product from the knowledge-based sector was a small figure of about one-tenth to two-tenths of a percent, but in the past few years, this issue has become more serious and has accounted for a larger share of the gross domestic product. Recent figures indicate a three percent share of the knowledge-based economy in the GDP.”