TEHRAN, Jan. 12 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh thanked Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo for kindly extending his condolences on the demise of former Iranian President Akbar Hashemi Rafsanjani. Zangeneh said he had related Mr. Barkindo’s condolences to late Mr. Rafsanjani’s bereaved family. The Iranian official also thanked members ...

TEHRAN, Jan. 11 (Shana) — The operator of phases 20 and 21 of the supergiant South Pars Gas Field says phase 21’s platform is currently recovering 27 million cubic meters of natural gas per day, saying the platform is faced with no restrictions in supplying gas to onshore refining facilities. Alireza Ebadi said one third of the gas recovered from ...

TEHRAN, Jan. 11 (Shana) — Tehran and Baghdad are in talks to strike deals regarding development of two joint oilfields, a senior Iranian petroleum official said. Deputy Petroleum Minister in International Affairs and Trading Amir Hossein Zamaninia said during a recent visit of an Iranian delegation to neighboring Iraq, the two sides discussed avenues for establishing oil ties and cooperation ...

TEHRAN, Jan. 08 (Shana) — Managing Director of the National Iranian Gas Transmission Company Saeid Tavakoli says the company has altered its strategy in gas supply to northern provinces in order to ensure gas supply to the region now that Turkmenistan has cut off its gas flow to the region. Tavakoli said gas pressure in northern provinces is aligned with ...

TEHRAN, Jan. 08 (Shana) — Managing Director of National Iranian Tanker Company (NITC) Sirous Kian Ersi says dozens of foreign customers have signaled keenness to tap NITC’s shipping capacity for carrying crude oil and petroleum products since the sanctions’ removal. He said restrictions regarding classing and insuring NITC fleet by leading international insurers have been eased thanks to the removal ...

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 petroleum ministry had proposed. Zangeneh, through the letter, said cancellation of ...

TEHRAN, Jan. 07 (Shana) — Managing Director of Arvandan Oil and Gas Company (AOGC) Soltan Kamali said his company’s production capacity has reached 400,000 barrels per day from less than 100,000 before Rouhani took office as Iranian president in 2013. Kamali said the company’s output will cross 450,000 by the end of the current calendar year to March 21. Arvandan ...

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 plant is currently operating at 90% of its nameplate capacity, ...

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 the first half of the current Iranian calendar year which ...

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 the institute is cooperating with international study centers and companies, ...