Iran
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Shifting Geopolitics of Energy: A New World Energy Order
TEHRAN (Shana) -- Whatever the outcome of war in Ukraine, one thing is for sure. The economic reverberations will be felt and in fact is already affecting the global economy by everyone and in all countries for years to come as the world divides between the West and rapidly reshaping Eurasia. The tectonic shifts and fractures in the world and how sanctions against Russia are likely to reshape and redefine a set of new global geopolitical realities.
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Intelligent action or Political game
TEHRAN (Shana) -- As tensions between Russia and Ukraine escalate, the world is worried about possible spillover of concomitant instability. Uncertainty after the covid-19-induced two-year damage on the global economy has confused the world. The natural gas market is a particular and the most important channel for transmitting these impacts.The disruption of Russian natural gas exports to Europe and the winter ahead is one of the concerns of the energy market in the short-term.Europe is seriously looking forward to replacing Russia natural gas imports withthe REPowerEU plan.
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Q1 Sales of Shiraz Petchem Plant grow 187% Y/Y
TEHRAN (Shana) -- The sales of Shiraz Petrochemical Company have increased by 187% in the first quarter of the current calendar year, which began on March 21, compared to the same period last year.
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Kermanshah Refinery Boosting Production Capacity to 40,000 b/d
TEHRAN (Shana) -- The oil refining capacity of Kermanshah Refinery will increase to 40,000 barrels per day from 25,000 b/d following implementation of a project to enhance production capacity of the plant.
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Plant Saves €3.7 m by Localizing Items
TEHRAN (Shana) -- The CEO of AmirKabir Petrochemical Company announced the localization of 600 parts in the company which has led to saving €3.7 million in the plant’s expenses.
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IOOC Begins Repairing Generator at Salman Offshore Field
TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has started maintaining and repairing operation of Generator D of Salman Offshore Complex at Lavan Operational District.
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South Pars 5th Refinery Supplies 6 mb of Gas Condensate in Q1
TEHRAN (Shana) -- The director of the fifth refinery of South Pars Gas Complex said the plant supplied 6 million barrels of gas condensate in the first 3 months of the current calendar year, which began on March 21.
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Lordegan Petchem Plant Marks 1500% Growth in Q1 Sales
TEHRAN (Shana) -- Lordegan Petrochemical Plant sold 157,000 tons of urea in the first quarter of the current calendar year, which began on March 21, showing 1,500% growth year-on-year.
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Bitumen Production fully Localized in Iran
TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the knowledge of bitumen production in the country has been localized 100% and the status of this industry has been upgraded from the national level to the international level.
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Iran Oil Minister Condoles Nigerian Over Death of OPEC Sec. Gen.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji sent a letter of condolence to the Nigerian ministry of petroleum resources to express his sorrow over the passing away of HE Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), who died on Tuesday evening.
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Iran OPEC Boss sends Letter of Condolence on Death of Sec. Gen.
TEHRAN (Shana) – Iran’s OPEC Governor Amirhossein Zamaninia sent a letter of condolence to Dr Adedapo Odulaja, Governor of OPEC for Nigeria, to express his condolences to the late OPEC Secretary General Mohamad Sanusi Barkindo who passed away on Tuesday.
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OPEC Secretary General, Muhammad Barkindo, Dies at 63
TEHRAN (Shana) -- Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) Muhammad Sanusi Barkindo died on Tuesday at 63.
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Iran Eyeing $115bn in Profits by Developing Azadegan Oilfield: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says development of Azadegan Oilfield would generate $115 billion in revenue and 24,000 jobs.
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Oil, Petchem Sectors Key to Attracting Investment, Production Boom
TEHRAN (Shana) – Iranian President Ebrahim Raisi said directing liquidity towards production growth, benefiting from technical power and attracting domestic investment are very effective in the economic growth and progress of the country.
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Integrated Development MoU of Azadegan Joint Oilfield to be signed with Iran Banks
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the memorandum of understanding (MoU) for the integrated development of the Azadegan join oilfield would be signed in the presence of senior officials of the country by the NIOC, Iranian banks and exploration and production companies.
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Iran to Invest $7bn in Azadegan Oilfield Development
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said an investment of 7 billion dollars was planned in the development of Azadegan Oilfield, most of which to be provided by Iranian banks, development companies and the National Development Fund of Iran (NDFI).
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2nd Int'l Conference on Export Development of Polymer Industries to be held in July
TEHRAN (Shana) -- The 2nd International Conference on Export Development of Polymer Industries and recognition of dynamic exporters will be held in Isfahan on July 26.
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Mechanical Seal O-Rings of Tenge Bijar Gas Liquids Pumps Localized
TEHRAN (Shana) -- The o-rings of the mechanical seals of Tenge Bijar gas condensate transfer pumps were localized and replaced with the DuPont o-rings by the engineers of this company and the Research Institute of Petroleum Industry (RIPI).
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Construction of Golestan Petchem Plant to begin Soon
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the development of Golestan Petrochemical Plant will begin soon.
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OPEC+ Agree to Boost Output by 648k b/d in August
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies (aka OPEC+) agreed at their 30th meeting to increase the coalition’s supply by 648,000 barrels per day in August.
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Former Director of International Affairs at NIOC:
Return of Iran Oil to Market Prevents Deepening Global Economic Recession
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company says the return of Iran’s crude oil to the market could prevent further deepening of the global economy.
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Oil Minister Warns of Global Energy Insecurity with Continued Sanctions on Iran
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said on his Twitter account that one of the main reasons for the endangerment of world energy is the oppressive sanctions against Iran, as the owner of the world’s largest oil and gas reserves.
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Marjan Petchem Plant 95% Productive in 1400
TEHRAN (Shana) -- The caretaker of Marjan Petrochemical Company said despite the restrictions on gas feedstock in order to supply domestic gas in winter, the company’s yield was 95% of its nominal capacity in the calendar year of 1400 which ended on March 20.
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HDPE Output of Ilam Petchem Plant Rises
TEHRAN (Shana) -- The CEO of Ilam Petrochemical Company said with the efforts of the young specialists of the company, the capacity of the high density polyethylene (HDPE) unit has reached 44 tons per hour.
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Ground Ready for Iran-Iraq cooperation in Developing Joint Oil Fields: Veep
TEHRAN (Shana) -- The Iranian First Vice President said the ground for cooperation between the two governments of Iran and Iraq in the fields of academia, transportation, production from joint oil fields, energy, technical-engineering services, medicine and health have been paved under the Raisi administration.
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Iran, Cuba Stress Expanding Energy Ties
TEHRAN (Shana) -- The CEO of the Pars Special Zone Organization and the Ambassador of the Republic of Cuba to Iran emphasized expansion of cooperation between the two countries in the energy sector.
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Deputy Petroleum Minister meets with Tajik Delegation
TEHRAN (Shana) -- Ahmad Asadzadeh, Iranian Deputy Petroleum Minister for International Affairs and Trade, and Sharifa Khodabakhsh, Deputy Minister of Energy and Water Resources of Tajikistan, met in Tehran on Sunday, June 26, to discuss enhanced energy ties between the two countries.
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Tehran, Dushanbe Seeking Enhanced Energy Ties
TEHRAN (Shana) -- Continuing the path of reviving Iran's energy diplomacy, the Deputy Petroleum Minister for International Affairs and Trade met with a delegation from Tajikistan headed by the Deputy Minister of Industry and New Technologies to emphasize the development of economic cooperation between the two countries.
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Lordegan Petchem Output Sees Whopping 518% Growth in Q1
TEHRAN (Shana) – The CEO of Lordegan Urea Chemical Fertilizer Company announced breaking a new record in the plant’s output in the first quarter of the current calendar year of 1401, which began on March 21, hitting 518% growth year-on-year.
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Ghadir Petchem Plant Operating at 121% of Nominal Capacity
TEHRAN (Shana) -- The CEO of Ghadir Petrochemical Company announced setting of a new record in the production of the petrochemical plant in the first quarter of the current calendar year, which began on March 21 hitting 121% of the facility’s nameplate capacity.