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Lorestan Petchem Plant Operational
TEHRAN, Jan. 07 (Shana) — Lorestan Petrochemical Plant has come on-stream with 90% of its nameplate production capacity, the facility’s CEO said. Mohammad Hossein Maghazehei said the plant has produced 137,000 tons of petrochemicals since the beginning of the current Iranian calendar year on March 20 2016. He said the […]
Zangeneh Lauds Parliament for shelving Article 53
TEHRAN, Jan. 07 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh wrote Parliament Speaker Ali Larijani a letter on Saturday expressing satisfaction at the parliament’s decision to cancel Article 53 of the budget bill that would allow supply of feedstock to petrochemical plants at a lower price that what the […]
Iran Eyes 20% Rise in Petchem Output by Yearend
TEHRAN Jan. 04 (Shana) — A senior petrochemical official says Iran is likely to raise its output by 10 to 20% this year from a year ago. Ali Mohammad Bossaqzadeh, director of production control at National Petrochemical Company (NPC), said Iran’s petrochemical output showed a 5 to 10% growth in […]
Philippines Keen on Investing in Iran Oil&Gas Fields
TEHRAN, Jan. 04 (Shana) — Managing Director of the Philippine National Oil Company Pedro A. Aquino has said Iran is the land of opportunities, voicing his company’s keenness to join petroleum projects in Iran. Speaking in Tehran, the Philippine official said his company seeks investments in oil-rich regions in west […]
RIPI Homing in on Enhancing Oil Recovery from Iran Oilfields
TEHRAN, Jan. 04 (Shana) — The Research Center of Petroleum Industry (RIPI) says it is now focused on developing and deploying enhanced oil recovery (EOR) methods on two oilfields in southwestern Iran, a RIPI official said. Mohammad Reza Kamali, head of the upstream faculty of RIPI, said on Monday that […]
Iran Eyes 20mt Petchem Export this Calendar Year
TEHRAN, Jan. 02 (Shana) — A senior Iranian petrochemical official says Iran’s export of petrochemical products will hit 20 million tons by the end of the current Iranian calendar year to March 21 2017. Farnaz Alavi, director of planning and development at the National Petrochemical Company (NPC), said Iran’s petrochemical […]
Iran Pumps more Gas than Crude Oil
TEHRAN, Jan. 01 (Shana) – Iran says it is now producing more natural gas than crude oil. Gholamreza Manouchehri, deputy managing director of the National Iranian Oil Company (NIOC) for Development and Engineering Affairs, said on Saturday that Iran’s production of natural gas, gas condensate and gas derivatives stands at […]
Turkmenistan halts Gas Supply to Iran
TEHRAN, Jan. 01 (Shana) — Turkmenistan has cut its gas supplies to Iran in an unexpected move one day after the two neighboring countries announced they had reached an agreement to continue their gas cooperation for at least 5 years. Reacting to the move by the national gas company of […]
Gas Recovery from South Pars Up 20% Y/Y
TEHRAN, Dec. 31 (Shana) – Iran’s natural gas production from the supergiant South Pars Gas Field has risen 20% in the first 9 months of the current calendar year (started March 20) from a year ago, a gas official said. Masoud Hassani, managing director of South Pars Gas Complex, said […]
Iran to Start Oil Recovery from South Yaran by March 2017
TEHRAN, Jan. 01 (Shana) — Iran will start pumping crude oil from South Yaran oil field by March 2017 with 10,000b/d of output, operator of the field’s development project said. Homayoon Kazemeini said drilling of 18 wells at the field have finished and installation of completion string of 15 rigs […]
