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.

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.

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.

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.

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).

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Ayatollah Raisi in the virtual summit of BRICS+ leaders:

We consider the transformation of global justice into an all-encompassing global discourse an undeniable necessity

TEHRAN (Shana) – “Iran, as a country with a rich history of active participation in international initiatives, is ready to share all its capabilities to achieve the BRICS goals and become a reliable partner to connect BRICS to the main routes of energy and major global markets," said the President.

Iran, Iraq forming Joint Technical Groups to Develop Energy Ties

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said Iran and Iraq were to form a joint working group to cooperate in joint fields, transfer technology and equipment from Iran based on the ability of private companies and send technical and specialized groups from the two countries to identify cooperation capacities.

Iran Ready to Export Technical, Engineering Services to Iraq

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company announced Iran's readiness to export technical and engineering services to Iraq, saying: "Iran wants to benefit from Iraq's participation in the development of the oil and gas industry."

Preparing Roadmap for Iran-Iraq Future, Necessary

TEHRAN (Shana) -- The Iraqi Deputy Minister of Oil for Exploration underlined the desire of the Iraqi Minister of Oil to develop relations and take broader steps through the formation of a joint working group with Iran, stressing that a roadmap should be prepared for the future steps and goals of the two countries.

Iran, Iraq to Bolster Energy Ties

TEHRAN (Shana) – The adviser to the Iranian Minister of Petroleum on Iraq stressed the need to strengthen cooperation between Iran and Iraq in the field of energy.

40% Growth in Receipt of Oil Revenues: Min.

TEHRAN (Shana) – The Iranian Minister of Petroleum said the country’s receipt of oil revenue has increased by 40% in the first quarter of the current calendar year, which began on March 21 compared to the same period last year.

60% Rise in Performance Efficiency of Dena Petrochemical Plant

TEHRAN (Shana) -- The progress of Dena Petrochemical project is over 75%, which shows a 60% increase in the company's total productivity in 10 months compared to the same period last year.

Stunning Oil Revenue Rise under Raisi

TEHRAN (Shana) – Iran’s crude oil exports and revenues under President Raisi administration have increased dramatically given its active energy diplomacy.

Iran Firms Develops Palladium Catalyst

TEHRAN (Shana) -- The CEO of Shahid Tondgouyan Petrochemical Company announced a 57% increase in the company's net profit in the calendar year of 1400 which ended on March 20, compared to the previous year and the localization of palladium catalysts.

Widely-Used Items in South Pars Platforms to be Localized

TEHRAN (Shana) -- The deputy of the domestic manufacturing committee in Pars Oil and Gas Company announced localization of 19 widely-used parts of South Pars rigs by October.