Iran
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Iran’s Energy Diplomacy in Latin America
TEHRAN (Shana) -- Growing demand for energy has intensified international rivalry over access to energy resources. Therefore, various nations are trying their best to adopt an effective and efficient energy diplomacy in a bid to guaranteeing safe access to these vitally important resources.
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Gray Shadow of Energy Security
TEHRAN (Shana) -- The energy market has seen many fluctuations over recent months. The latest lockdowns in China are causing significant demand destruction and adding downward pressure on oil prices, reduction of gas storage in Europe and finally the tension between Russia and Ukraine complicated part of energy marketpuzzle, such a wonderful life!
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Integrated Azadegan Development
TEHRAN (Shana) -- Minister of Petroleum Javad Owji has said the second phase development of the giant South Azadegan oil field would be implemented by local firms. The first phase of this field, which is among the West Karoun cluster of fields, has been developed by local contractors to reach the nominal output of 220,000 b/d by next March.
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Can We Halve Greenhouse Emissions by 2030?
TEHRAN (Shana) -- The 14th meeting of Working Group III (WGIII-14) of the Intergovernmental Panel on Climate Change (IPCC) concluded its two-week work (starting March 21) so that delegates and scientists would convene virtually on April 4 to officially adopt the summary for policymakers (SPM) of the 6th assessment report (AR6).
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NISOC Eyes PDC Technology
TEHRAN (Shana) -- Enhanced oil recovery (EOR) requires application of modern technologies. Although Iran's oil industry has faced sanctions in recent years and has been prevented from having access to many of these technologies, Iranian oil companies are seeking technical knowhow through cooperation with international companies or Iranian universities. The head of R&T division of National Iranian South Oil Company (NISOC), Mohammad Golestan-Bagh, tells Iran Petroleum that efforts are under way to develop knowhow for the manufacturing of polycrystalline diamond compact (PDC) bits.
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Over 80% of Oil Industry Equipment Locally Sourced
TEHRAN (Shana) -- The chairman of Board of Directors of Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM), Ehsan Saqafi, says more than 80% of equipment needed by the petroleum industry is domestically manufactured. In an interview with” Iran Petroleum”, he said that 14-15% of the remaining 20% was not cost-effective to be produced domestically while for 5-6%, the necessary technology is not available.
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NIOC to Raise Azadegan, Yadavaran Output
TEHRAN (Shana) -- The head of corporate planning of National Iranian Oil Company (NIOC), Karim Zobeidi, says Iran is now ready to produce 3.838 mb/d of oil. In an interview with “Iran Petroleum”, he says the giant South Azadegan oil field would see its output reach 220,000 b/d. He also says talks are under way with a foreign firm to develop the second phase of the Yadavaran field for its output to increase to 210,000 b/d from the current 110,000 b/d.
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Iran Oil Exports Well: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji described the status of sales of Iranian crude oil and petroleum products as favorable.
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Petrol to Build Downstream Parks
TEHRAN (Shana) -- The CEO of Petrol announced the construction of two new downstream parks as the company's future plans.
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Energy Diplomacy from Neighboring Countries to Latin America
TEHRAN (Shana) -- Energy diplomacy in the 13th administration is going through novel days. While it is less than a year old, the administration of President Raisi has seen major developments in the energy arena.
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Busy Days of Oil Minister in Baku
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji, who left Tehran for Azerbaijan on Wednesday (June 1st) to attend the 27th Baku Energy Forum and the 27th Caspian International Oil and Gas Exhibition (Baku Energy Week), returned to Tehran on Saturday (June 4th). During this four-day trip, the Minister of Petroleum left behind busy days.
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Owji Meets with Bulgarian, Romanian Energy Ministers in Baku
BAKU (Shana) – Iranian Minister of Petroleum met with Bulgarian and Romanian energy ministers in Baku and discussed global energy crisis, technical and engineering services exports and various cooperation areas.
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Owji Stresses Expansion of Iran-Azerbaijan Ties
BAKU (Shana) – Iranian Minister of Petroleum underlined expansion of relations with Azerbaijan, saying the gas swap contract has provided the ground for cooperation in other sectors including transportation, power, trade and such areas.
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Owji: Shah Deniz Field is Iran-Azerbaijan Successful Experience
BAKU (Shana) – Iranian Minister of Petroleum stressed the 13th administration’s policy for developing relations with neighbors, saying Iran-Azerbaijan partnership in Sha Deniz field is a good experience and can provide the ground for defining joint cooperation in oil and gas blocks and fields in the Caspian Sea.
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Iran, Azerbaijan Sign MoU to Double Turkmen Gas Swap
BAKU (Shana) – Tehran and Baku signed a Memorandum of Understanding (MoU) to increase gas swap from Turkmenistan to the Republic of Azerbaijan via Iran’s territory.
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Owji: Iran Return to Oil Market Can Calm Int'l Markets
BAKU (Shana) – Global oil market is in a condition that return of Iran oil can remarkably help meet customers’ needs and make the world markets balanced and calm, Iranian Minister of Petroleum said on Thursday.
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29th OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 29th OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, June 2, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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OPEC+ Agrees to Raise Output by 648,000 bpd for July
TEHRAN (Shana) – The Organization of the Petroleum Exporting Countries and its allies, OPEC+ coalition, agreed on Thursday to increase crude oil output by 648,000 barrels per day in July.
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Iran, Azerbaijan to Boost Gas Trade
BAKU (Shana) – Iranian Minister of Petroleum referred to two billion cubic meters of Turkmenistan gas swap to the Republic of Azerbaijan via Iran’s territory, announcing the gas transmission volume is to double.
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Owji Meets with Kazakhstan Energy Minister
BAKU (Shana) – Iranian Minister of Petroleum, Javad Owji, met with Kazakhstan Energy Minister, Bulat Aqchulaqov, on Thursday on the sidelines of Baku Energy Forum.
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Owji: Sanctions Could Not Hinder Iran’s Oil Industry Progress
BAKU (Shana) – Iranian Minister of Petroleum, Javad Owji, said on Thursday that those who imposed sanctions think they can impede Iran’s development and progress through the terroristic tool of sanction while it is a double-edged sword with which they have to grapple.
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Owji Meets with Azerbaijani Deputy PM
BAKU (Shana) – Iranian Minister of Petroleum held talks on Wednesday with Deputy Prime Minister of the Republic of Azerbaijan and discussed bilateral relations.
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Iran Oil Sales in 13th Administration Acceptable
TEHRAN (Shana) – Iran’s 13th administration has sold an acceptable level of oil and the country managed to maintain its share in oil market, Iran’s government spokesman said on Wednesday.
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Iranian Petroleum Minister in Baku to Attend Energy Events
TEHRAN (Shana) – Iran’s Minister of Petroleum, Javad Owji, has traveled to the Republic of Azerbaijan to participate in the 27th Baku Energy Forum and the 27th International Caspian Oil and Gas Exhibition (Baku Energy Week).
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Iran, Tajikistan sign dozens of Cooperation Documents
TEHRAN (Shana) -- 17 cooperation documents in various fields including energy, economy, trade and tourism have been signed between Iran and Tajikistan.
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New Wells Raise Crude Production at Mansouri Field
TEHRAN (Shana) -- Wells No. 123 and 124 of the national project of Mansouri Fields have successfully commissioned which enhance the field’s crude oil output.
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CBI: Iran Receives $7.5b Oil Revenue in April, May
TEHRAN (Shana) -- The governor of the Central Bank of Iran (CBI) said in the first two months of the current calendar year, which began on March 21, over $7.5 billion has been received by Iran from the sale of crude oil and petrochemicals which is $3 billion higher than the same period last year.
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Arvand Petchem Plant Loads 1st Ethylene Dichloride Shipment
TEHRAN (Shana) -- The caretaker of Arvand Petrochemical Company said the first consignment of ethylene dichloride weighing 5,000 tons has been loaded for export.
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Annual investment in PSEEZ increases 46%
TEHRAN (Shana) -- Iran’s biggest energy hub, Pars Special Economic Energy Zone (PSEEZ), has managed to attract 70 trillion rials (about $270.1 million) as well as €500 million of investment in the previous Iranian calendar year (ended on March 20) to register a 46 percent growth, year on year.
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Iran Oil Revenue Collection 60% Y/Y: Official
TEHRAN (Shana) -- The Director General of Public Relations of the Iranian Ministry of Petroleum said the receipt of hard currency earnings of oil sales in the first two months of the current Iranian calendar year which began on March 21 saw a 60% year-on-year growth.