Ministry of Petroleum

Iran launches major petrochemical projects

TEHRAN, Dec. 24 (MNA) – Iran launched three major petrochemical projects, which will bring its petrochemical production capacity to nearly 77 million tons per year.
2020-12-24 11:11
Iran petchem plant operates at 104% of capacity

TEHRAN, Nov. 26 (MNA) – Martyr Tondgouyan Petrochemical Plant, has operated beyond expectations by producing 107,000 tons of petrochemicals which are 104 percent of its installed capacity in the period between October 21 and November 20, 2020.
2020-11-26 15:00
Lordegan petchem plant on verge of official inauguration

TEHRAN, Nov. 26 (MNA) – The CEO of Lordegan Urea Chemical Company announced the complete commissioning of his complex by Iranian experts, saying that Lordegan Petrochemical Plant will generate about $240 million annually for the country.
2020-11-26 10:43
US' addiction to sanctions has not paid off: diplomat

TEHRAN, Oct. 27 (MNA) – Condemning the US recent sanction against Iranian Petroleum Ministry, Spokesperson for the Iranian Mission to the UN said that US' addiction to sanctions has not paid off.
2020-10-27 11:08
US imposes new sanctions on Iran’s Ministry of Petroleum

TEHRAN, Oct. 26 (MNA) – The US has imposed new sanctions on Iran’s Ministry of Petroleum and a number of top Iranian officials.
2020-10-26 21:13
Rouhani lauds launching petchem projects despite sanctions

TEHRAN, Aug. 06 (MNA) – Iranian President Hassan Rouhani lauded the inauguration of three major petrochemical projects with a total investment of 1.6 billion dollars as a major step towards development despite sanctions.
2020-08-06 14:20
Iran eyes 100mn-ton petchem output till March 2021: Zanganeh

TEHRAN, May 27 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh said the country’s petrochemical production capacity is planned to cross 100 million tons per year by the end of the current fiscal (March 2021).
2020-05-27 08:54
Iran’s March-May petchem output up 6%

TEHRAN, May 17 (MNA) – The director of production control at the National Petrochemical Company (NPC) said, the country's petrochemical complexes achieved a 6% increase in production in the current fiscal (started on March 20) compared to the same period last year.
2020-05-17 18:30
OPEC pegs deeper cuts at Non-OPEC support: Zanganeh

TEHRAN, Mar. 06 (MNA) – Iranian Minister of Petroleum Bijan Zangeneh said oil producers at OPEC had uniformly proposed a major cut in the group’s crude oil output but waited for non-OPEC allies, especially Russia, to back the move by considering cuts in their production.
2020-03-06 18:24
Iranian manufacturers indigenize strategic petchem equipment

TEHRAN, Feb. 20 (MNA) – A member of the Iranian Petroleum Industries Equipment Manufacturers Association (IPIEMA) said Iranian manufacturers had successfully localized building of compressors and extruders in the petrochemical industry.
2020-02-20 11:40
Iran starts mass production of drilling bit

TEHRAN, Feb. 19 (MNA) – The first toothed drilling bit built locally in Iran’s oil industry has entered the mass production phase.
2020-02-19 11:20
Iran to launch 4 downstream petchem parks

TEHRAN, Feb. 14 (MNA) – The 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.
2020-02-14 17:19
Sales exceed output at Nouri petchem plant

TEHRAN, Feb. 10 (MNA) – The CEO of Nouri Petrochemical Company, the largest Aromatic plant in the region, said the plant had done great from December 22 to January 20, and its sales had exceeded the plant’s output.
2020-02-10 11:43
Major Iranian chlorine producer to break output record

TEHRAN, Feb. 10 (MNA) – Arvand Petrochemical Plant has planned to launch a project that would enhance its chlorine output breaking the country’s production record of the item, the company’s CEO said.
2020-02-10 08:45
Lordegan petchem plant nearly ready for launch

TEHRAN, Feb. 09 (MNA) – The CEO of Lordegan Petrochemical Project said the plant’s construction was nearly complete (98%), adding the project would come online soon despite difficulties caused by sanctions.
2020-02-09 08:55
Iran eyes 2mt increase in petchem production

TEHRAN, Jan. 18 (MNA) – An Iranian petrochemical official said Iran’s petrochemical production rate will increase by 2 million tons by tapping unexploited capacities in petrochemical facilities of the country.
2020-01-18 21:43
Iran to launch 23 petrochemical projects in Asaluyeh

TEHRAN, Jan. 12 (MNA) – A senior petrochemical official said plans are underway to launch 23 petrochemical plants in Asaluyeh Petrochemical Zone, southern Iran.
2020-01-12 10:56
Petchem progress in line with Establishment policies: Zanganeh

TEHRAN, Dec. 30 (MNA) – Iran’s Oil Minister Bijan Namdar Zanganeh says the development of petrochemical plants is going on in line with the policies of the Islamic establishment of Iran to create jobs and prevent the sale of crude oil and gas.
2019-12-30 13:38
Iran gained self-sufficiency due to sanctions: Syrian petroleum min.

TEHRAN, Sep. 24 (MNA) – Syrian Minister of Petroleum and Mineral Resources Ali Ghanem said that self-sufficiency has been one of the positive aspects of the US imposed sanctions on Iran.
2019-09-24 14:53
US displays 'schoolyard bullying' by re-imposing bans on Iran: official

TEHRAN, Apr. 30 (MNA) – A senior Iranian oil official said that the White House’s re-imposition of sanctions on Iran was US’s “schoolyard bullying” reaction to the new balance of power in the world.
2019-04-30 08:44
Two petrochemical plants to be launched in H1

TEHRAN, Apr. 01 (MNA) – Iran is to inaugurate two petrochemical projects in the first half of the current Iranian calendar year, which began on March 21, a petrochemical official said.
2019-04-01 19:32
Iran ready for gasoline exports: official

TEHRAN, Feb. 24 (MNA) – An official with the Iranian Ministry of Petroleum said the country was not only self-sufficient in gasoline production but had excess production capacity, which could be earmarked for exports.
2019-02-24 09:16
Iran oil output doubles in 5 years: Minister

TEHRAN, Feb. 18 (MNA) – Iranian Oil Minister Bijan Zangeneh said the country’s petrol production capacity had more than doubled since 2013.
2019-02-18 17:01
Zanganeh says oil industry can double petchem output to $40bn

TEHRAN, Jan. 20 (MNA) – Minister of Petroleum Bijan Zanganeh said Sun. that the oil industry has the capability to double the country’s petrochemical output capacity to $40 billion.
2019-01-20 14:24
Iran petchem output to hit over 100 mt/y by 2025

TEHRAN, Jan. 02 (MNA) – The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical production capacity would exceed 100 million tons per year once the sector completed its under-construction projects by 2025.
2019-01-02 16:42
NPC preparing to issue bonds for petchem projects: CEO

TEHRAN, Dec. 25 (MNA) – Iran’s National Petrochemical Company (NPC) is preparing to issue bonds for financing petrochemical projects, NPC CEO said Monday.
2018-12-25 08:59
'US forced to exempt 8 Iran oil buyers from sanctions'

TEHRAN, Nov. 19 (MNA) – The policies adopted by Iran and its Petroleum Ministry forced Washington to issue exemptions to 8 of Iran’s oil buyers, said Iran’s deputy petroleum minister for international affairs and trade.
2018-11-19 15:49
Oil market never buys Saudi brags: Zanganeh

TEHRAN, Oct. 08 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh has reacted to recent remarks by Saudi authorities regarding oversupplying the oil market, saying “such brags would only satisfy US President Donald Trump, but the market would never buy them.”
2018-10-08 15:10
Oil Min. Zanganeh to attend Russian Energy Week Forum

TEHRAN, Oct. 02 (MNA) – Iranian Oil Minister Bijan Zanganeh will take part at the 2018 Russian Energy Week International Forum on 3-6 October in Moscow.
2018-10-02 11:52
Algeria JMMC meeting resulted in what Iran wanted: oil minister

TEHRAN, Sep. 24 (MNA) – Iranian Oil Minister Bijan Zanganeh said that the result of the OPEC committee meeting in Algeria on Sunday was consistent with what Iran wanted for oil supply agreements.
2018-09-24 13:14