5th round of oil sale on IRENEX due on Feb. 18
MNA – The National Iranian Oil Company (NIOC) has announced the fifth round of oil sale on Iran Energy Exchange (IRENEX) will…
Tag Archives: Iran oil industry
NIORDC to launch integrated distribution management system for oil products
SHANA – The National Iranian Oil Products Refining and Distribution Company (NIORDC) is planning to launch an integrated system for distribution management…
Iran’s oil revenues up by about 49%
IRNA – Despite sanctions by the US to zero Iran’s oil exports, statistics show that over the course of the first nine…
Gasoline production up 7-folded in 4 decades
IRNA – Gasoline production rose seven-folded over the past four decades after triumph of the Islamic Revolution of Iran in 1979. Among…
Petchem projects launched in Khuzestan
SHANA – The governor of Khuzestan Province, southwestern Iran, inaugurated two petrochemical projects in Mahshahr Petrochemical Especial Economic Zone (PETZONE). The projects,…
Iran to launch 4 South Pars phases by March 20
SHANA — Iranian Minister of Petroleum Bijan Zangeneh, on the eve of the 40th anniversary of the Islamic Revolution’s victory, underlining Iran’s…
Iran sets new record in gasoline production
IRNA – Iran’s average production of gasoline has amounted to some 105 million litters a day since the beginning of Iranian calendar…
KOGPC treats 32,000 barrels of oil with MOT
MNA – The CEO of Karoon Oil & Gas Production Co. (KOGPC) says his company has processed 32,000 barrels of crude oil…
China’s emerging role in Iran’s petroleum sector
Al-Monitor | Bijan Khajehpour: There is no doubt that the reimposed US sanctions on Iran will compel Tehran to shift more proactively…
Olefin unit to be operational in Ilam Petchem Facility next year
IRNA – Ilam Petrochemical Facility’s Olefin Unit will be operational in the next Iranian calendar year, Deputy Minister of Petroleum and Managing…
Hengam petchem plant 70% complete
MNA – The construction project of Hengam Petrochemicals Plant has so far made 70% physical progress and is continuing as planned, the…
“114 foreign SMEs ready to cooperate in Iran’s oil projects”
Tehran Times – A member of the energy committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Reza Padidar, said…
Completion of South Pars phases high on agenda: Iran’s Oil minister
Tasnim – Iranian Oil Minister Bijan Namdar Zanganeh said it is his ministry’s priority to complete the remaining phases of the South…
9 contracts signed with local firms for maintaining, enhancing oil production
SHANA – The National Iranian Oil Company (NIOC) subsidiaries signed 9 contracts with local developers for maintaining and enhancing the production capacity…
NIOC to issue fixed rate bonds to finance projects
MNA – The National Iranian Oil Company (NIOC) is planning to issue $712 million (Rls. 30 trillion) in fixed rate bonds by…
Iran not to wait for foreigners to expand Caspian oil industry
IRNA- Iran welcomes contribution of powerful foreign companies to development of oil industry in the Caspian Sea, said an Iranian official on…
OPEC, allies cutting oil production drastically
IRNA- Organization of Petroleum Exporting Countries (OPEC), in its latest report, announced the reduction of the production of 1,200,000 barrels of oil…
Zanganeh says oil industry can double petchem output to $40bn
MNA – Minister of Petroleum Bijan Zanganeh said Sun. that the oil industry has the capability to double the country’s petrochemical output…
Kish gas field development awarded to POGC
SHANA – The CEO of Pars Oil and Gas Company (POGC) said his company was officially awarded development project of Kish Gas…
Japan banks set to resume Iran oil transactions after regulatory clearance
MNA – Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the…
Deputy Minister: Iran to bypass oil sanctions
IRNA – Deputy Petroleum Minister Amir Hossein Zamani nia said on Sunday that during sanctions era maintaining the market status will not…
Khorasan Petrochemical Company boosts exports by 12 percent
IRNA – Khorasan Petrochemical Company increased its exports volume by 12 percent in the first nine months of this Iranian calendar year…
South Pars Phase 13 refinery ready to sweeten 56 mcm/d gas
MNA – The onshore refining facility of South Pars Phase 13 is now prepared to be fed by all the gas produced…
Iran to increase gasoline output to 100m liters per day
IRNA – Iran will increase its gasoline output to 100 million liters per day, Oil Minister Bijan Zangeneh said. In the near…
Minimizing reliance on petrodollars, Iran strategy: Zangeneh
shana – Iranian Minister of Petroleum Bijan Zangeneh said despite the fact that among the oil-exporting countries in the region, Iran’s budget…
Iranian scientists produce catalysts for injection in petroleum sludge
FNA- Iranian researchers at Kermanshah oil refinery could produce different types of catalysts to be injected into the petroleum sludge, making the…
Iran South Pars revenues at $250b
SHANA- Iran has so far generated a total of 250 billion dollars by recovering hydrocarbons from the supergiant South Pars gas field…
Zagros petchem plant achieves ISO 50001
SHANA – Iran’s Zagros Petrochemical Company (ZPC) obtained the certification of Germany’s DQS Audit Company for establishing an energy management system based…
IOTC localizes electric valve actuators
SHANA – The Iranian Oil Terminals Company successfully developed the savvy to manufacture electric actuators for industrial valves in oil and petrochemical…
Iran attains 100% self-sufficiency in repairing oil transmission equipment
MNA – The commodity manager of Iranian Oil Pipeline and Telecommunication Company said Sat. that IOPTC is fully self-sufficient in repairing and…
Texas to pass Iraq and Iran as world’s No. 3 oil powerhouse
CNN Money – The shale oil boom has brought a gold rush mentality to the Lone Star State, which is home to…
Iran Gov’t, Parliament form joint oil committee
IRNA – The chairman of Iran’s Majlis (parliament)Energy Commission announced formation of a joint committee by members of the country’s executive and…
Mop to hold conference on asset management in oil industry
SHANA – The Iranian Ministry of Petroleum (MOP) is planning the first conference on Asset Management Integration in onshore and offshore oil…
Iranian manufacturers sign 55 contracts to provide oil industry equipment
MNA – Reza Padidar, a member of the Oil Industry Equipment Manufacturer Association, said on Monday that Iranian manufacturers are assigned with…
Sanctions won’t stop Iran oil development – NIOC Official
SHANA — A senior Iranian oil official dismissed on Monday any impact of possible sanctions on the country’s petroleum industry development. “Challenges…
NIOC unveils 14 oil exploration blocks
SHANA — The National Iranian Oil Company (NIOC) on Monday unveiled 14 exploration blocks across Iran, up for domestic and foreign investment.…
OPEC deal in jeopardy as Iran and Saudi Arabia square off
Oilprice.com | Nick Cunningham: Iran and Saudi Arabia are at odds over what to do next with the OPEC agreement, a conflict…
Shahin Mustafayev: Azerbaijan intends to cooperate with Iran in oil and gas production
APA– Azerbaijan, Iran and Russia may create joint energy corridor, Azerbaijani Minister of Economy Shahin Mustafayev said at the 12th meeting of Azerbaijan-Iran…
Iran’s oil potential remains untapped
Wall Street Journal | Benoit Faucon: Iran’s oil-and-gas industry was supposed to take off after the nuclear deal. Instead, one of the world’s…
JCPOA turns 2; advantages for Iran oil
SHANA — With the implementation of Iran’s nuclear agreement with world powers in January 2016, sanctions were lifted on Iran’s oil, gas…