export

  • Mothballed Oil Wells Rehabilitation

    Mothballed Oil Wells Rehabilitation

    TEHRAN (Shana) -- National Iranien Oil Company (NIOC) has long focused on developing technologies to enhance recovery from oil wells. Although sanctions have posed an obstacle in its way, it aims to cut short the way to its objective by embarking on a quick-yielding project for the rehabilitation of low-output and abandoned wells. In this manner, by spending much less than drilling new wells, NIOC would be able to enhance its crude oil output. Without enhancing oil output, no future may be envisaged for enhanced oil recovery (EOR) projects. Therefore, the important thing would be to enhance production in any possible manner. Internationally speaking, more oil production would empower Iran to become more influential in the oil market while remaining resilient to challenges and restrictions because in the economic and political structure of the world energy, oil barrels have the final say.

  • Will 2023 See Oil Market Prosper?

    Will 2023 See Oil Market Prosper?

    TEHRAN (Shana) -- With the beginning of 2023, the developments of the oil market in 2022 and the perspective of the New Year have been reviewed. The idea is to examine the factors affecting the market. It must be acknowledged that 2022 experienced ups and downs in the oil market and profound changes have taken place in this market. These developments have caused the 2023 Outlook to have many uncertainties, and as a result, many reputable institutions have doubts in their forecasts, and most institutions are waiting for market stability.

  • 98% Growth in Bou Alisina Petchem Revenue

    98% Growth in Bou Alisina Petchem Revenue

    TEHRAN (Shana) -- The financial director of Bou Alisina Petrochemical Plant, presenting the company's performance report, announced new production, sales and profitability records in the 9 months of the current Iranian calendar year which began on March 21.

  • Pardis Petchem Co. Top Export-Oriented Firm in Iran

    Pardis Petchem Co. Top Export-Oriented Firm in Iran

    TEHRAN (Shana) -- Due to its brilliant performance in the field of product export, Pardis Petrochemical Company won the title of the country's top export-oriented company in the calendar year of 1401 which began on March 21.

  • Petchem exports Rise in Assaluyeh

    Petchem exports Rise in Assaluyeh

    TEHRAN (Shana) -- The CEO of Pars Special Economic Energy Zone Organization (PSEEZ) announced a 50% increase in the export of this region compared to the previous year.

  • Petchem Self-Sufficiency, Definitive NPC Policy

    Petchem Self-Sufficiency, Definitive NPC Policy

    TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) called self-sufficiency in the petrochemical industry as the definitive policy of the company, and said: “An integrated planning has been done to bring the missing links of the petrochemical value chain products inside with the cooperation of various sectors.”

  • 36% Growth in Shiraz Petchem Sales

    36% Growth in Shiraz Petchem Sales

    TEHRAN (Shana) -- The sale of petrochemicals in Shiraz Petrochemical Plant hit 198,000 tons in the month of Azar (9th month in the Iranian calendar, November 22-December 21) which shows a 36% growth month on month.

  • Iran Oil Sales, Steady, Growing: Spokesman

    Iran Oil Sales, Steady, Growing: Spokesman

    TEHRAN (Shana) -- The government spokesperson announced the continuous increase in the export of crude oil and gas condensate, and said: "Last month, we saw record exports since the beginning of the new round of sanctions, i.e. since 2018.”

  • Bu Alisina Paraxylene Unit Online Soon

    Bu Alisina Paraxylene Unit Online Soon

    TEHRAN (Shana) – The Deputy CEO of Bu Alisina Petrochemical Company announced the final stages of setting up the paraxylene unit in cooperation with Iranian companies, and said: “This unit will be ready for operation in February this year.”

  • LPG Exports to Earn Iran $360mn Annually

    LPG Exports to Earn Iran $360mn Annually

    TEHRAN (Shana) -- Having exported 2,000 tonnes of liquefied petroleum gas (LPG) offshore for the first time from the Shahid Bahonar jetty, Iran has joined countries exporting LPG offshore. With the offshore export of LPG, some obstacles ahead of transiting this valuable product have been removed and transportation costs have been saved on at National Iranian Oil Products Distribution Company (NIOPDC). Meantime, according to National Iranian Gas Company (NIGC), LPG exports have increased 20% year-on-year, which would earn the country big hard currency revenue.

  • IOTC at Forefront of Economic War: Official

    IOTC at Forefront of Economic War: Official

    TEHRAN (Shana) -- The Director of International Affairs of the National Iranian Oil Company (NIOC) stated: The Iranian Oil Terminals Company (IOTC) has been fully serving the country, and now that we are facing the most severe sanctions in history, it is at the forefront of the economic war.”

  • Oil Storage Capacity to Increase in Khark Terminal

    Oil Storage Capacity to Increase in Khark Terminal

    TEHRAN (Shana) – The CEO of Iran Oil Terminals Company announced plans to increase crude oil storage capacity by 4,200,000 barrels at Khark Oil Terminal.

  • Active Presence of Oil Firms in Iran Exclusive Turkmenistan Fair

    Active Presence of Oil Firms in Iran Exclusive Turkmenistan Fair

    TEHRAN (Shana) -- Oil companies will actively participate in Iran's exclusive exhibition in Turkmenistan, which is to be held in December.

  • Petchems Accounting for 39.6% of Non-Oil Exports

    Petchems Accounting for 39.6% of Non-Oil Exports

    TEHRAN (Shana) -- The Secretary General of the Petrochemical Industry Employers Association announced the share of petrochemical producers in non-oil exports at 39.6% in the first half of the current calendar year, which began on March 21.

  • Iran Crude Price up for Asian Market

    Iran Crude Price up for Asian Market

    TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has raised the official crude oil selling price for Asian customers in December.

  • Condensate Revenues to be dwarfed by Petchem Income: Official

    Condensate Revenues to be dwarfed by Petchem Income: Official

    TEHRAN (Shana) – Iran’s petrochemical industry will rake in millions of dollars once new petrochemical compounds come online in the country by 2025, which will dwarf revenues from export of gas condensate, a senior oil official said.

  • Petchem Industry: Savior of Iran Economy under Sanctions

    Petchem Industry: Savior of Iran Economy under Sanctions

    TEHRAN (Shana) -- At the peak of the sanctions, Iran's petrochemical industry earned more than $54 billion for the country, and on average, 80% of the export income of this industry has returned to the country's economic cycle through the NIMA FOREX system.

  • POMC Begins Startup Operation of Padjem Petchem

    POMC Begins Startup Operation of Padjem Petchem

    TEHRAN (Shana) -- The CEO of Petropars Operation and Management Company (POMC) announced the startup operation of Polymer Padjam Complex by this company.

  • 119% Growth in Pardis Petchem Revenue

    119% Growth in Pardis Petchem Revenue

    TEHRAN (Shana) -- Pardis Petrochemical Company achieved a whopping 119% increase in its revenue in the fiscal year of 1400 which ended on March 20, compared to the preceding year.

  • Increased Energy Ties Key Topic in Caspian Talks

    Increased Energy Ties Key Topic in Caspian Talks

    TEHRAN (Shana) -- Iran and the four countries bordering the Caspian Sea, as the largest holders of gas resources in the world, gathered last week at the second Caspian Economic Conference in Moscow, while the hard winter of Europe is coming and the crisis of the war in Ukraine has exacerbated the troubles for gas consuming countries.

  • Iran Resumes Gas Exports to Turkey

    Iran Resumes Gas Exports to Turkey

    TEHRAN (Shana) -- The Director of Dispatching at National Iranian Gas Company (NIGC) announced that Iran’s gas flow to Turkey resumed after completion of the agreed repairs.

  • Iran to Boost Gas Exports to Iraq

    Iran to Boost Gas Exports to Iraq

    TEHRAN (Shana) -- The director of dispatching of the National Iranian Gas Company (NIGC) announced the increase in Iran’s gas exports to Iraq in the calendar year of 1401 which began on March 21.

  • Iran Oil Exports Underway Uninterrupted: Min.

    Iran Oil Exports Underway Uninterrupted: Min.

    TEHRAN (Shana) – The Iranian Minister of Petroleum said: “Iran's crude oil exports are being carried out without any problems to the target markets.”

  • 19% Y/Y Rise in 5-Month Iran Gas Exports

    19% Y/Y Rise in 5-Month Iran Gas Exports

    TEHRAN (Shana) -- The deputy petroleum minister for gas affairs announced that Iran's gas exports have increased by 19% in the first 5 months of the current calendar year, which began on March 21 compared to the same period last year.

  • NIOC Announced Iran Crude Price for October Delivery

    NIOC Announced Iran Crude Price for October Delivery

    TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for delivery to Asian customers in October.

  • Karoon Petchem Plant Unveils 5th Knowledge-based Item

    Karoon Petchem Plant Unveils 5th Knowledge-based Item

    TEHRAN (Shana) -- Karoon Petrochemical Company has unveiled its fifth knowledge-based product, in cooperation with a knowledge-based company, which can save $10 million by meeting domestic needs.

  • Drilling Structure, Infrastructure Fully Iranian

    Drilling Structure, Infrastructure Fully Iranian

    TEHRAN (Shana) -- Among oil and gas-rich nations in the world, Iran remains one of the leading extractors of oil and gas.More than a century has passed since the William Knox D’Arcy team, led by Marriot, drilled the first oil well in Iran. The first oil well in Iran was drilled in the Chia Sorkh, or ChahSorkh (literally red well) northwest of Qasr-e Shirin. The well struck oil in summer 1903 at the depth of 507 meters.

  • Iran to Export $2.5b CNG Technical, Engineering Services to Nigeria

    Iran to Export $2.5b CNG Technical, Engineering Services to Nigeria

    TEHRAN (Shana) -- A member of the CNG Trade Union of Iran announced the export of 2.5 billion dollars of CNG technical and engineering services to Nigeria in the near future.

  • $100m FDI to Build LPG Export Terminal

    $100m FDI to Build LPG Export Terminal

    TEHRAN (Shana) – The CEO of the National Iranian Oil aCompany (NIOC) said a foreign direct investment (FDI) of 100 million dollars has been allocated for establishment of a liquefied petroleum gas (LPG) export terminal in Iran.

  • Iran Starts LPG Export in Bandar Abbas

    Iran Starts LPG Export in Bandar Abbas

    TEHRAN (Shana) -- Exploiting the marine export plan of liquefied petroleum gas (LPG) has prevented the annual waste of 2,000 tons of LPG that was burned in the past, and in addition, it will bring the country up to $360 million dollars of income annually.