Iran
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Venezuelan President Stresses Need to Deepen Tehran-Caracas Energy Ties
TEHRAN (Shana) -- "It was a constructive meeting to deepen brotherhood ties and energy cooperation," the Venezuelan president wrote about his meeting with the Iranian Minister of Petroleum during the Iranian delegation's visit to Caracas.
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Iran Keen on Tapping Capacity of Iran-Venezuela Ties: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said in his twitter account: "We want to use all our capacities to develop bilateral relations and cooperation.”
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OPEC+ Meeting
TEHRAN (Shana) -- The meeting of the oil and energy ministers of OPEC+ countries was held on Thursday, May 5, via videoconference. The group decided to raise production targets by 432,000 barrels per day for next month, sticking to an existing strategy of gradually unwinding record supply cuts.
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28th OPEC and non-OPEC Ministerial Meeting
TEHRAN (Shana) -- Following the conclusion of the 28th OPEC and non-OPEC Ministerial Meeting, held via videoconference on 5th May, it was noted that continuing oil market fundamentals and the consensus on the outlook pointed to a balanced market. It further noted the continuing effects of geopolitical factors and issues related to the ongoing pandemic.
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OPEC+ Sticks to Output Growth Plan for June
TEHRAN (Shana) -- The 23 members of the Organization of THE Petroleum Exporting Countries and its allies (OPEC+) agreed at their 28th meeting to add 432,000 barrels to the group’s daily crude oil output in June.
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Bu Ali Sina Petchem Plant Breaks Production Record
TEHRAN (Shana) -- Production of Bu Ali Sina Petrochemical Company in the calendar year of 1400, which ended on March 20, saw a 32% increase compared to the previous year, and reached 110% of the company’s nameplate capacity to 1,890,000 tons.
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New LDPE Output Record of Bandar Emam Petchem Plant
TEHRAN (Shana) -- The low density polyethylene (LDPE) unit of Bandar Emam Petrochemical Plant broke production record of the item during the calendar year of 1400 which ended on March 20.
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Owji hosts Meeting with Iraqi Minister of Electricity
TEHRAN (Shana) -- Iranian Minister of Petroleum Javad Owji hosted a meeting with the visiting Iraqi Minister of Electricity in Tehran on Wednesday.
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Owji meets with Iraqi Minister of Electricity
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and the Minister of Electricity of Iraq emphasized the development of cooperation between the two countries in the oil and gas sector.
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MoU Signed to Finance Oil Depot in Bandar Abbas
TEHRAN (Shana) – A financial memorandum of understanding was signed on Tuesday for construction of Shahid Nader Mahdavi Oil Depot in the southern province of Hormozgan in the presence of Iranian Minister of Petroleum Javad Owji.
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Well No. 22 of Ahvaz Field Complete 11 Days ahead of Plan
TEHRAN (Shana) -- Synergy and cooperation between the specialists of the National Iranian Drilling Company (NIDC) and the National Iranian South Oil Company (NISOC) led to the early implementation of the repair and completion operation of Well No. 22 in the Ahvaz oil field by using Fath 52 Drilling Rig.
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Flare Gas Capture Set to Culminate
TEHRAN (Shana) -- Recently, Minister of Petroleum Javad Owji oversaw the signing of eight contracts for gas gathering east of the Karoun River. The minister said then that flare gas gathering projects would be completed before the 13th administration bows out.
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Why $100 a Barrel Could Be Bad for Energy Transition
TEHRAN (Shana) -- With oil costing over $100 a barrel, and Russia’s war in Ukraine underscoring the risk of relying on fossil fuel, it would seem like a great time to speed up shifting from the polluting fuel, Akshat Pathi and Will Mathis write for Bloomberg, noting that the reality isn’t so simple.
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NIGC CEO:
Iran, an Influential Gas Exporter
TEHRAN (Shana) -- Gas production in Iran and supplying consumer and stakeholder needs inside and outside Iran has opened new horizons in the Iranian gas industry. To that effect, Iran has extensive plans in coming years to export gas to regional nations. A case in point is Iran’s gas swap deal with Turkmenistan and Azerbaijan, which is considered important by National Iranian Gas Company (NIGC). Majid Chegeni, CEO of NIGC, tells “Iran Petroleum” that a variety of scenarios are being planned for Iran to enhance its share of global gas trading with a view to getting a significant share in the world energy mix.
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Value-Added, Top Petchem Priority
TEHRAN (Shana) -- By 2040, the annual market demand for petrochemicals and polymer products will be growing by 4.5 percent, while annual demand for petroleum products will be growing by less than 1 percent, indicating the importance of investing in and focusing on this value-added industry.
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Optimal Use of Flare Gas Envisaged
TEHRAN (Shana) -- Over the past century in Iran, the flaring of associated petroleum gas (APG) has had adverse impacts on the environment and endangered the health of the local community of oil and gas industrial areas. Turning off these flares is a must both economically and is in compliance with international obligations. Therefore, Iranian petrochemical companies have moved to make long-term investment in this sector with a view to ensuring sustainable feedstock supply. A case in point is the Bidboland 2 gas refinery.
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Energy Transition: Fact from Fiction
TEHRAN (Shana) -- Modern history is totally acquainted with energy shocks, shortages, price hikes and panics on the buyers’ side and on the sellers’ side as well. But the current worldwide rising energy prices and large scale volatility for all key fuels and sources, is something entirely new and never experienced before. It is in fact puzzling in a way that no game theorists and econometricians could cope with and accommodate it. From Colorado minus $40 a barrel to plus $ 95 per barrel early February 2022 is something never seen before. This is a challenge to the consumers, suppliers, governments, bankers and societies everywhere.
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Greenhouse Gas Emissions Falling in NISOC-Run Areas
TEHRAN (Shana) -- Oil companies in Iran are required to curb their greenhouse gas emissions. National Iranian South Oil Company (NISOC), which supplies 80% of Iran’s oil, has adopted a series of measures including gas flaring control, energy loss management and processing supervision to cut greenhouse gas emissions by many affiliated production companies. Mohammad Reza Naderi, head of HSE at NISOC, tells “Iran Petroleum” that production of 33 million tonnes of carbon dioxide could be prevented.
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NPC CEO Invites Russian Firms to Join Petchem Projects in Iran
TEHRAN (Shana) -- The CEO of the National Petrochemical Company considered the feedstock available for the development of the petrochemical industry in Iran as an important advantage, and said: "I invite Russian companies to exploit this suitable opportunity to invest in the Iranian petrochemical industry."
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Connecting to New Export Pipelines, Priority of Refining Industry
TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said: "In addition to stabilizing the capacity of gasoline production, increasing the number of tanks and connecting to the export lines of petroleum products is one of the important programs pursued in the refining industry."
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CEO of Persian Gulf Star Refinery Appointed
TEHRAN (Shana) -- Alireza Jafarpour Boroujeni was appointed as the CEO of the Persian Gulf Star Oil Refinery with the approval of the Board of Directors of the Persian Gulf Star Oil Company.
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FM Spokesman:
Iran Selling Oil in World Markets
TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said all crude oil allocated to the export sector would be sold in world markets.
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Iran joins Club of Welded Ball Valves Repairers
TEHRAN (Shana) -- The CEO of the National Iranian Gas Company (NIGC) announced that Iran has joined three other countries with the knowledge of repairing fully welded ball valves in different types and sizes.
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150 KBCs Ready to Join Iran Oil Projects: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said 150 knowledge-based companies have announced their readiness to cooperate with the oil industry.
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Arash Field Not to Be Developed before Iran-Kuwait Border Demarcation: FM Spokesman
TEHRAN (Shana) -- The spokesman for the Ministry of Foreign Affairs said: "There are undetermined borders between Iran and Kuwait that should be demarcated. The Islamic Republic of Iran has stated that there should be no exploitation in Arash Field before the demarcation."
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600k Barrels Growth in Output of Southern Fields under Raisi
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) said the fields operated by the company have witnessed a 600,000-barrel/day growth in their output under the Raisi administration.
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Construction of Soleimani Petro-refinery to begin Soon
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said construction of a 300,000-barrel/day petro-refining plant will begin during the current calendar year, which began on March 21.
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Iran Wins Lawsuit against French Firm
TEHRAN (Shana) -- The CEO of Iranian Gas Engineering and Development Company (IGEDC) announced the €39 million ruling of the International Court of Arbitration in favor of Iran, and added that Iran has won a legal lawsuit with the French company Sofregaz.
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CEO of CIOFC Appointed
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) appointed Mehdi Heidari as the CEO of the Central Iranian Oil Fields Company.