iran petroleum
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COP27; Climate and Energy
TEHRAN (Shana) -- Once in a year, delegates from almost 200 countries gather togetherseeking ways and means to keep climate change from spiraling out of control. This time, they met in Sharm El-Sheikh, Egypt, for the 27th Conference of the Parties (COP) that was originally shaped up back in 1994 when members of the United Nations agreed to convene and officially address climate change with an unprecedented determination. COP gained momentum and moved into center stage during Paris Conference of the Parties when decision was made to move from words and declarations to accountability, costs and damages. This institutionalized COP and countries began to address the topic at national, regional and international levels.
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No Feet-Dragging at West Karoun Oil Output
Yadavaran Output Capacity Set to Grow
TEHRAN (Shana) -- Touraj Dehqani, CEO of Petroleum Engineering and Development Company (PEDEC), has said the company plans to increase production from the Yadavaran oil field. He also told Iran Petroleum that Iran was in talks with China’s Sinopec for the second phase development of the Yadavaran field. He noted that in case the Chinese company shows no willingness to develop this field, PEDEC would drill 25 wells in order to add 50,000 b/d to the field’s output.
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Iran Euro Petrol Output at 91ml/d
TEHRAN (Shana) – A senior Iranian energy official said that the country’s petrol output that meets Euro qualities stood at 91 million liters per day.
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Iran Petroleum Ministry Focuses on Startups
TEHRAN (Shana) -- Iran’s Ministry of Petroleum has decided to provide special support to startups and knowledge-based oil companies. Minister of Petroleum Bijan Zangeneh has said that 17 ha of land in southern Tehran would be allotted to these companies. He said the Ministry of Petroleum had a detailed plan for startups, which would become operational in the second half of the current Iranian calendar year.
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Changuleh Oil Field Up for Investment
TEHRAN (Shana) -- The Changuleh oil field, which is located in western Iran, is among fields envisaged by National Iranian Oil Company (NIOC) for development. After the new model of oil contracts, known as the Iran Petroleum Contract (IPC), was unveiled, Changuleh was among oil fields introduced for foreign investment. NIOC plans to develop Changuleh in two phases.
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Iran Petrol Output at 110 ml/d
TEHRAN (Shana) -- Iranian President Hassan Rouhani said Iran was currently producing 110 million tons of petrol domestically which is an unprecedented figure for the country.
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Arvand Oil Field and $135mn Investment Potential
Until a couple of years ago, development of the oil and gas fields Iran shares with neighboring countries had been slowed due to financial and technical shortages in Iran, thereby helping neighboring nations make big gains.
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Iran Methanol Production Outlook
TEHRAN (Shana) -- The four petrochemical plants of Zagros, Kharg, Fanavaran and Marjan have currently an annual petrochemical production capacity of more than 6.6 million tonnes of methanol. The figure is forecast to reach 25 million tonnes within five years. Many experts view this issue as a bargaining chip for Iran because by supplying 25 million tonnes of methanol on global markets, Iran will have a final say on the pricing of this much-desired substance.
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Iran Oil Sanctions & Russia; Propaganda & Realities
The US policy of exerting maximum pressure on Iran for the alleged goal of bringing the country’s oil exports to zero has sent shockwaves all across world markets. In the meantime, one may wonder which nations are benefiting from this policy by substituting Iran in the market.
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Egypt Petroleum and Refining Industry
TEHRAN (Shana) -- Egypt sits atop 4.4 billion barrels of crude oil in place, and produces 650,000 b/d of crude oil and liquids.
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Petroleum Industry Key in Iran Economy: MP
TEHRAN (Shana) -- A member of the Iranian parliament said that the petroleum industry played a key role in the country’s economy.
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Parliament Approves Issuance of Sukuk by Petroleum Ministry
TEHRAN (Shana) -- The Iranian parliament approved of a motion which allows the Ministry of Petroleum to issue 3 billion dollars worth of Islamic bonds (Sukuk) undersigned by the council of ministers.