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."

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 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.

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.

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.”

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.

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.

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.

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.

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.

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.

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."