Ministry of Petroleum

Tripartite deal envisages construction of refinery in Syria

TEHRAN, Sep. 29 (MNA) – A senior official with the Iranian Ministry of Petroleum has said a tripartite agreement, signed among the Islamic Republic, Venezuela, and Syria, envisages the building of a new oil refinery in Syria's Homs Province.

Iran min. denies ownership of oil cargo seized in Indonesia

TEHRAN, Jul. 21 (MNA) – The Iranian oil ministry announced that the cargo of the oil tanker that was seized by the Indonesian coast guard recently does not belong to the Islamic Republic of Iran.

Iran launching $1.43bn petrochemical plant in Gachsaran

TEHRAN, Jul. 11 (MNA) – Iran is launching a major petrochemical plant that relies on home-grown equipment for more than 80% of its needs, according to a senior official in the state-controlled Persian Gulf Petrochemical Industries Company (PGPIC).

Iran’s petchem output to rise by 14.2% until March

TEHRAN, May 03 (MNA) – Iran has plans to increase its total annual production of petrochemicals by some 14.2% in the calendar year to late March, according to a senior official in the state-run National Petrochemical Company (NPC).

Iran signs $80 billion of oil deals with foreign investors

TEHRAN, Apr. 03 (MNA) – Deputy of Iran's Oil Minister Houshang Falahatpour says Iran has signed more than $80 billion of memorandums of understanding with foreign investors to participate in the financing of oil projects.

Oil minister:

Iran to put South Pars 14th Phase refinery into operation

TEHRAN, Feb. 01 (MNA) – South Pars Phase 14 refinery will be put into operation in the coming days, Iranian Oil Minister Javad Owji said on the sidelines of the cabinet meeting on Wednesday.

Iran eyes $18b in petchem revenue

TEHRAN, Aug. 27 (MNA) – The CEO of the National Petrochemical Company (NPC) said the country’s petrochemical revenues are planned to hit $18 billion in the current calendar year, which began on March 21.

Iran petrol export at 2ml/d

TEHRAN, Mar. 16 (MNA) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the country was exporting an average of 2 million liters of petrol per day.

Iran eyes $14b petchem revenue

TEHRAN, Feb. 09 (MNA) – The Deputy Minister of Petroleum for Petrochemical Affairs said that export revenue is expected to reach 14 billion dollars by the end of the year in the petrochemical industry.

Global oil market needs Iran oil supply: minister

TEHRAN, Feb. 02 (MNA) – "If world’s oil consumers are dissatisfied with the current oil prices and supply levels, I suggest a quick lifting of the US unilateral and cruel sanctions against Iran," according to the Iranian oil minister Javad Owji Wed.