GECF Sec. Gen. Urges Investment in Gas Industry

TEHRAN (Shana) – The Secretary General of the Gas Exporting Countries Forum (GECF) said on Saturday that the global gas industry outlook 2050 highlights a need to invest over 8 trillion dollars, urging investment in this area.

NPC CEO: Knowledge-Based Companies Play Major Role in Developing Petrochemical Processes

TEHRAN (Shana) – Iran’s National Petrochemical Company (NPC) managing director on Saturday said knowledge-based companies play a leading role in developing complicated petrochemical processes and creating the added value.

A Record in Iran’s Crude, Oil Products Transmission

TEHRAN (Shana) – Iran’s crude and oil products transmission hit the record high in the last Iranian calendar year (1400) reaching 128 billion liters, the CEO of the Iranian Oil Pipelines and Telecommunication Company (IOPTC) said on Saturday.

Expansion of NIOC-Gazprom Cooperation on Agenda

TEHRAN (Shana) – Managing Director of the National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr put great emphasis on the promotion of cooperation between his country and Russia in the energy sector.

Iran Among World’s Energy Analysts

TEHRAN (Shana) -- The head of the Institute for International Energy Studies (IIES), Mohammad-Sadegh Jokar, announced on Friday that the world energy model of Iran (IWEM) has been implemented in this institute.

GECF Chief Invited to Visit Iran’s Giant South Pars Gas Field

Tehran (Shana) -- Iran has invited the Gas Exporting Countries Forum (GECF) head to pay a visit to its giant offshore South Pars gas field.

NIOC Head: $160bn on Offer in Iran Oil Show for Investment

TEHRAN (Shana) – Iran has offered a chance to participants in the 26th International Oil, Gas, Refining and Petrochemical Exhibition to channel $160 billion in investments in the upstream sector of the country’s oil industry, said a high-ranking official in Tehran on Friday.

Investment in Information and Communications Technology Can Help Progress Projects

TEHRAN (Shana) -- The information and communications technology director of the National Iranian Oil Refining and Distribution Company (NIORDC) asked on Friday for making investments in information and communications technology field, saying the project’s progress will go through the investment in this area.

Qalibaf: Parliament Will Spare No Effort to Develop Oil Industry

Tehran (Shana) -- Iran’s Parliament speaker said on Friday that the legislature, as the facilitator and regulator, will spare no effort to help the country’s oil industry develop.

Minister of Petroleum on Sidelines of Iran Oil Show:

Knowledge-Based Firms Can Help Boost Oil, Gas Production

TEHRAN (Shana) – Iran can increase its oil and gas production in the current year by using knowledge-based firms, said the country’s minister of petroleum in Tehran on Friday.

Iran Oil Show, Demonstration of Iran’s Power

TEHRAN (Shana) -- The director of the 26th Iran Oil, Gas, Refining and Petrochemical Exhibition, Iran Oil Show, Majid Boujarzadeh, said the exhibition is an opportunity to display the achievements of domestic companies and demonstrate the country’s power and authority.

Parliament Speaker Qalibaf Visits Iran Oil Show

TEHRAN (Shana) – Iran’s Parliament Speaker Mohammad Baqer Qalibaf paid a visit to the 26th International Oil, Gas, Refining and Petrochemical Exhibition, dubbed Iran Oil Show, in Tehran on Friday.

Owji: Iran Welcomes Local, Int'l Investors to Participate in Oil Industry

TEHRAN (Shana) – Iranian Minister of Petroleum, Javad Owji, emphasized the need to invest in Iran’s oil industry, adding, "we welcome all domestic and foreign investors."

GECF Sec. Gen. Addresses Iran Oil Show Opening

TEHRAN (Shana) – The Secretary General of the Gas Exporting Countries Forum, Mohamed Hamel, addressed the opening ceremony of the 26th Iran International Oil, Gas, Refining & Petrochemical Exhibition in Tehran on Friday morning.

Iran Oil Show Opens with 1,244 Exhibitors

TEHRAN (Shana) – The 26th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) kicked off on Friday with 1,244 exhibitors from 11 countries at Tehran’s permanent fairgrounds.

PGPIC Eyes 20.5 mt Output in 1401

TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company was preparing to supply 20.5 million tons of products by the end of the current calendar year, which began on March 21.

NPC Eyes Development of Petchem Industry by Relying on Domestic Capabilities

TEHRAN (Shana) -- The CEO of the National Petrochemical Company stressed the need for relying on domestic capabilities for the development of the petrochemical industry, calling for developers to consider national interests in developing the industry.

MOP Invests $5b in Environmental Projects

TEHRAN (Shana) -- The HSE director general of the Iranian Ministry of Petroleum has said that the ministry has invested about $5 billion in environmental projects, mostly in the field of collecting associated petroleum gas.

Fund to be created to Finance Petchem Projects

TEHRAN (Shana) -- The investment director of the National Petrochemical Company said a project fund will be created to support petrochemical holdings or projects that need investment.

New Chapter Opens in Tehran-Havana Relations

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and Cuban President Miguel Diaz-Canel signed memoranda of understanding to expand cooperation between the two countries in various economic sectors.

No Restrictions on Developing Economic Ties with Nicaragua: Owji

TEHRAN (Shana) – The Iranian Minister of Petroleum said: "There are no restrictions for Iran and Nicaragua in developing economic relations."

PGPIC CEO Invites Brazilian Firms to Iran Petchem Industry

TEHRAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said: "Today, PGPIC has 14 projects under construction with a domestic return price of at least 15%, which is a good opportunity for foreign investment, and in this regard we welcome the investment of Brazilian companies."

Owji Inks 8 Agreements in Latin America

TEHRAN (Shana) -- During the Minister of Petroleum's visit to Latin America, four memoranda of understanding, two agreements in the field of oil and two agreements in the field of agriculture were signed.

Iran Seeking Expanded Ties in Central America

TEHRAN (Shana) -- During his visit to South and Central America, the Minister of Petroleum met with Nicaraguan President Daniel Ortega and Speaker of the National Assembly of the country.

Iran Eyes 14 mcm/d Gas from South Pars Phase 11

TEHRAN (Shana) -- The director of integrated planning of the National Iranian Oil Company, referring to the goal of producing 220,000 barrels of oil from the South Azadegan joint field by the end of the current calendar year, which began on March 21, said: “By the end of this year, 14 million cubic meters of gas will be extracted daily from phase 11 of South Pars.”

Iran Eyes 5.7 mbd Oil Output

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company, emphasizing the importance of repairing and renovating the facilities of oil terminals, announced the prospect of the country's crude oil production capacity to 5.7 million barrels per day within the next eight years.

Iran-Venezuela Energy Cooperation Capacities Examined

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji headed a delegation to Venezuela, where he met with senior Venezuelan officials to emphasize development of Tehran-Caracas relations, especially in the field of energy.