News


  • Domestic firm aims to launch SP phase 11 with initial output of 1bcf/d

    Domestic firm aims to launch SP phase 11 with initial output of 1bcf/d

    Iran’s Oil Minister Bijan Namdar Zanganeh says the development plans of Phase 11 of the South Par gas field, in the Persian Gulf, are underway by domestic experts, with the aim of producing 1 billion cubic feet of gas per day. “The first stage of Phase 11 development is aimed at producing 1 billion cubic […]

    Publish Date : 2020/03/14 Read More
  • Production of petrochemicals at 2% growth in 10 months

    Production of petrochemicals at 2% growth in 10 months

     Production volume of chemical and petrochemical products registered a 1.9 percent growth in 10 months of the current year (from March 21 to Jan. 20). Statistics showed that 45,885,000 tons of petrochemcials were produced from March 21, 2019 to Jan. 20, 2020, showing a 1.9 percent growth as compared to the same period of last […]

    Publish Date : 2020/02/29 Read More
  • Iran to launch 4 downstream petchem parks

    Iran to launch 4 downstream petchem parks

    he CEO of Petrol Co. said Urmia Melamine, Ilam Polypropylene, Melamine Crystal Park and Lordegan Resin Urea parks are planned to be built in Iran in the near future. Rasoul Najafzadeh was quoted by SHANA as saying that Urmia Potassium Sulfate Unit would become operational by March with 400,000 tons/year of production capacity. He said Urmia […]

    Publish Date : 2020/02/15 Read More
  • North Azadegan oil output hits 100 mb

    North Azadegan oil output hits 100 mb

    Iran’s crude oil production at North Azadegan Joint Oilfield has reached 100 million barrels since 2016. According to the Petroleum Engineering and Development Company (PEDEC), as quoted by SHANA, Esmaeil Gholampour said Iran had so far reaped over 100 million barrels of heavy crude oil from the field since it started production back in April […]

    Publish Date : 2020/01/23 Read More
  • Oil Ministry sets up new initiative to back domestic manufacturers

    Oil Ministry sets up new initiative to back domestic manufacturers

     Iranian Oil Ministry has set up a new initiative to support domestic manufacturers by guaranteeing purchase of their quality items needed in the petroleum industry. Addressing the first innovation event of the Iranian Oil Ministry, dubbed ‘Petroleum Takeoff’, on Monday morning, Oil Minister Bijan Namdar Zanganeh said, “The first phase of nine contracts in the […]

    Publish Date : 2019/12/26 Read More
  • Pars petchem plant’s exports up by %21.5: CEO

    Pars petchem plant’s exports up by %21.5: CEO

    Despite the tightening of sanctions, exports of Pars Petrochemical Plant have increased by 21.5 percent in the past eight months of this year compared to the same period last year, according to its CEO. Speaking to reporters, as quoted by Shana, Massoud Hassani said the process of production and export of Pars Petrochemical Plant had […]

    Publish Date : 2019/12/14 Read More