POGC Assigned to Complete South Pars Oil Layer Plan
Pars Oil and Gas Company was assigned by the National Iranian Oil Company to complete the second phase of a plan to develop the South Pars Gas Field’s oil layer in the Persian Gulf, the managing director of POGC said. "Operations to complete the second phase has started with the help...
The start of Farzad B gas field development operations in the Persian Gulf
Operations to develop the Farzad B Gas Field in the Persian Gulf have started, the managing director of the National Iranian Oil Company said. “The first phase of the development plan that entails the construction of a jacket is estimated to cost $2 billion, which will be completed in 2024,” Mohsen...
Mehr Petro-Refinery Will Increase Gasoline, Diesel & Kerosene output
The construction of Persian Gulf Mehr Petro-Refinery, with a processing capacity of 120,000 barrels per day, is underway in Hormozgan Province to meet the rising demand for gasoline. Located next to the Persian Gulf Star Refinery (the largest refinery in Iran), the project has registered 55% progress and is expected to...
Iran Natural Gas Exports Rise by 17% in 2022
The National Iranian Gas Company raised its natural gas exports in 2022 by 17%, the managing director of Iranian Gas Transmission Company said. “The natural gas exports reached 17 billion cubic meters in 2021 and 20 bcm in 2022,” Gholam-Abbas Hosseini was also quoted as saying by IRNA. Turkey buys around a...
Petrol Project is completing the value chain petrochemical industry
Persian Gulf Petrochemical Complementary Industries Development and Improvement Group, also named Petrol project, is taking measures for completing the value chain in the petrochemical industry, the managing director said. “Currently, six projects are underway with a total investment of $700 million, and some of them are expected to become operational by...
Iran Oil Show 2023 on May 17-20
The 27th International Oil, Gas, Refining and Petrochemical Exhibition, dubbed Iran Oil Show, will be held on May 17-20 at Tehran’s Permanent Fairground, an Oil Ministry spokesman said. “The number of foreign firms participating in the Iran Oil Show 2023 with the motto ‘Oil Industry, Technological Production, Optimal Consumption’ has increased...
Iran oil exports have doubled in the last 20 months
Iran’s oil production has increased by 600,000 barrels per day in the past 20 months compared with the earlier corresponding figures and stands at 3.84 million barrels per day now, the managing director of the National Iranian Oil Company said. Mohsen Khojastehmehr also told IRNA Iran oil exports have doubled...
Localization of Dena Petrochemical Company for methanol production
Five domestically-made reactors have been delivered to Dena Petrochemical Company in Asalouyeh, southern Bushehr Province, and seven more will be supplied by domestic manufacturers by the end of the current Iranian year (March 2024), the managing director of the company said. Due to the US reimposition of sanctions on Iran in...
Tondgooyan Petrochemical Company Output Record (March 2022-2023)
Shahid Tondgooyan Petrochemical Complex in Khuzestan Province increased its output last Iranian year (March 2022-2023) compared to the previous year. The production of the company reached 1,216,128 tons, which has increased by 105,493 tons in comparison with a year ago, Energy Today website reported. Tondgooyan Petrochemical Company also successfully indigenized, installed and...
The construction of Golestan Petrochemical will resume soon
The construction of Golestan Petrochemical Plant in Golestan Province, which has been halted for several years due to financial constraints, will resume soon. The executive operations to build the Golestan Petrochemical Complex began 17 years ago; however, the project has made only 20% progress so far, ISNA reported. Recently, the Persian Gulf...
Increasing the supply of crude oil and derivatives to the north of Iran
A total of 50 billion liters of crude oil and petroleum products were transferred via pipelines from Tehran to northern regions, namely Gilan and Mazandaran provinces in the last fiscal year (March 2022-23), indicating a 12% increase compared to the previous year, managing director of the Iranian Oil Pipeline and...
Namin Petrochemical Operational After Meeting Standards
The executive operations of Namin Petrochemical Complex in Namin County, Ardabil Province, is almost complete, but its launch will depend on meeting environmental standards, the director general of the provincial office of the Department of Environment said. "The installation of filtration systems, treatment plants, online monitoring and sufficient green space are...