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South Pars daily gas production at 700 mcm

30 August 2020 - 18:09
The daily production of gas in Iran’s South Pars gas field has reached 700 million cubic meters (mcm), the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field, announced.

Plan for offering oil via salaf bonds temporarily stopped

30 August 2020 - 18:04
Iranian Finance and Economic Affairs Minister Farhad Dejpasand said that the plan for offering oil via salaf bonds in Iran Energy Exchange (IRENEX) is temporarily stopped, Tasnim news agency reported.

North Yaran oilfield increases output with new SRP installed

11 August 2020 - 03:16
The production capacity of Iran’s North Yaran oil field has increased by at least 500 barrels per day (bpd) following the installation of the first Sucker Rod Pump (SRP) in one of the wells of this field, Shana reported on Monday, quoting the head of the field’s development project.

Major petchem projects worth $1.6b inaugurated

9 August 2020 - 01:12
Three major petrochemical projects with a total investment of $1.6 billion were inaugurated in southern Bushehr and western Lorestan provinces on Thursday.

ICOFC conducting 4 research projects with local universities

4 August 2020 - 00:44
Iranian Central Oil Fields Company (ICOFC) has started four research projects in collaboration with the country’s major universities and research institutions, Shana reported.

Domestic manufacturing of oil pipes saves Iran €60m

30 July 2020 - 02:02
The acting head of the Industrial Development and Renovation Organization of Iran (IDRO) has said that manufacturing various types of oil pipes by domestic producers has saved the country over €60 million.

ICOFC to set up pressure boosting stations for central fields

29 July 2020 - 02:29
Iranian Central Oil Fields Company (ICOFC) is going to implement a $600-million project for setting up pressure boosting stations to ensure sustained gas supply to refineries in the country’s central regions.

IOEC starts constructing Iran’s longest underwater gas pipeline

25 July 2020 - 23:35
Iranian Offshore Engineering and Construction Company (IOEC) has started the construction of the country’s longest underwater gas transmission pipeline as part of a project to transfer gas to Kish Island power plants, IRIB reported.

Mahshahr’s butane chain project to realize 2nd leap in petchem sector

26 June 2020 - 04:29
The first project in the butane chain in Mahshahr will be ready for operation with the aim of commercial production of three important and new items, parallel with planning for realization of the second petrochemical leap in Iran, Shana reported.

OPEC+ Panel To Discuss Compliance With Oil Production Cuts

14 June 2020 - 01:06
An OPEC+ monitoring panel will meet next week to discuss the ongoing record production cuts to see how laggards in compliance are doing with making up for flouting quotas, but will not be making any decisions regarding the collective cut that was just extended through the end of July, five OPEC+ sources told Reuters on Friday.
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