Over 80% of Oil Revenues Received In Hard Currency

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said more than 80% of the country’s petrodollars is received in hard currency and the rest in bartering with medicine and staple commodities.

Bu Ali Sina Petchem Plant Output, 120% of Capacity

TEHRAN (Shana) -- Production of Bu Ali Sina Petrochemical Company in the first 45 days of the current calendar year, which began on March 21 showed a 16 percent increase year-on-year to a new record of 120 percent of the nominal capacity of the complex.

Iran Selling Crude Oil at “Good Price:” Min.

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says the process of selling oil at a reasonable price will continue vigorously and new markets have been identified for Iranian crude oil, adding Tehran has struck agreements with Latin American countries for bartering oil with staple and agricultural commodities.

NIOC Investing Rls. 70,000 billion in Poverty Eradication Projects: CEO

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC), referring to the fulfillment of social responsibilities of the oil industry, said: “Rls. 70,000 billion have been approved by the board of directors of the National Oil Company for carrying out public benefit projects and eradication of deprivation.”

OPEC Sec. Gen. Message to Iran Oil Show

VIENNA (Shana) – OPEC Secretary General Mohammad Sanusi Barkindo send a message to organizers of the 26th Iran International Oil, Gas, Refining and Petrochemical Exhibition which was held here in Tehran on 13-16 May 2022.

Iran to Establish a Science Hub in Khuzestan Province

TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) on Sunday announced that a science hub will be established in Khuzestan Province.

Reliance on Domestic Potentials Can Neutralize Sanctions

TEHRAN (Shana) -- The head of the Institute for International Energy Studies (IIES), Mohammad Sadegh Jokar, emphasized the need to market making in different countries, saying relying on domestic capabilities can help make sanctions ineffective.

IOOC Signs 7 MoUs, Agreements

TEHRAN (Shana) -- The Iranian Offshore Oil Company (IOOC) on Sunday signed seven research agreements and Memoranda of Understanding (MoUs) with Research Institute of Petroleum Industry (RIPI) and Petroleum University of Technology as well as universities and knowledge-based companies.

Armenian Minister Hails Iran’s ‘Astonishing’ Progress in Energy Sector

SHANA (Tehran) – Armenia’s minister of territorial administration and infrastructures visiting Iran Oil Show 2022 here on Sunday described the country’s progress in the energy sector as “astonishing”.

Deputy FM: Synergy Between Foreign, Petroleum Ministries in Exports Foils Enemies’ Plots

SHANA (Tehran) – Iranian Deputy Foreign Minister for Political Affairs Ali Bagheri Kani here on Sunday said the positive synergy established between the foreign and petroleum ministries in exporting oil has caused the enemies’ “maximum pressure” on the country to end in failure.

Petropars CEO: Four Wells of South Pars Phase 11 to Come Online by March 2023

TEHRAN (Shana) – The development of Phase 11 of South Pars gas field is underway and four wells will come on stream by the end of the current Iranian calendar year (which began on March 21, 2022), said the managing director of Petropars Company here on Saturday.

Oil Production to Increase in Azadegan Field

TEHRAN (Shana) -- The Director of Integrated Planning of the National Iranian Oil Company (NIOC) announced on Saturday that the company has planned to produce 570,000 barrels of oil from Azadegan field per day.

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.

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.

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.

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."

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.

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.

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."