Oil Ministry

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’s petchm exports up about 30% in 7 months: oil ministry

TEHRAN, Dec. 07 (MNA) – The Ministry of Oil in its latest report announced that the country's export value of petrochemicals in the first seven months (Mar. 21-Oct. 22) registered about a 30 percent hike as compared to the same period of last year.

Iran, Iraq form joint oil working group

TEHRAN, Dec. 04 (MNA) – The oil ministries of the Islamic Republic of Iran and Iraq announced their agreement to establish a joint oil working group.

Iran, Russia firms to build joint pipeline

TEHRAN, Nov. 08 (MNA) – The CEO of Sina Energy Gostar Holding, affiliated with Mustazafan Foundation, said the holding was planning to build a pipeline for the transfer of petroleum products with support from Russian companies.

Details of Iran-Russia contract to purchase and swap gas

TEHRAN, Sep. 18 (MNA) – According to a report by the Iranian Ministry of Oil, the swap contract and the purchase of Russian gas in the amount of 6 and 9 million cubic meters per day is going to be done soon through Azerbaijan.

High-ranking Iran oil ministry delegation to visit Uzbekistan

TEHRAN, Sep. 04 (MNA) – A high-ranking delegation of the Iranian Oil Ministry will travel to Uzbekistan to prepare the first oil memorandum of understanding with the country for signing at the upcoming Shanghai summit.

Iran's access to oil revenues grows 60% compared to last year

TEHRAN, May 29 (MNA) – The Director General of Public Relations of the oil ministry said Sunday the return of oil revenues has increased by 60% this year as compared to last year.

106% rise in operating income of Shiraz Petchem Plant

TEHRAN, Oct. 25 (MNA) – Shiraz Petrochemical Company announced its operating income in the first half of the current calendar year of 1400 (which began on March 21) to be 53,000 billion rials, up 106% year-on-year.

Russian companies willing to invest in Iran's gas industry

TEHRAN, Oct. 04 (MNA) – A group of Russian state-owned oil and gas companies met with Iran's Deputy Minister of Oil expressing their willingness to invest in Iran's gas industry.

Iran Oil Ministry’s national projects go on stream

TEHRAN, Jul. 22 (MNA) – The national projects of the Iranian Oil Ministry were put into operation on Thursday in the presence of Iranian President Hassan Rouhani through video conference.

Gas supply projects in 6 provinces inaugurated

TEHRAN, Jun. 24 (MNA) – In a ceremony on Thursday with the participation of President Hassan Rouhani, gas supply projects to six Iranian provinces were inaugurated.

Iran ready to increase gas exports to Iraq: Oil minister

TEHRAN, May 29 (MNA) – The Iranian Oil Minister Bijan Zangeneh has told a visiting Iraqi delegation led by Finance Minister Ali Abdul-Amir Allawi that Iran is ready to increase gas exports to Iraq, hoping that Iraq will settle unpaid debts soon.

Iran becomes self-sufficient in benzene production

TEHRAN, Apr. 25 (MNA) – Iranian petrochemical companies now fully meet the domestic need for benzene and the imports of the chemical product will stop from now on, according to an Oil Ministry's statement on Sunday.

Iranian firms awarded €165m deals to capture flared gas

TEHRAN, Apr. 05 (MNA) – Persian Gulf Bidboland Gas Refinery has signed three contracts valued at a total of €165 million with local firms for the manufacture of a plant to capture flared gas and convert it into usable fuel.

NIOC inks major oil research deals with local universities

TEHRAN, Sep. 21 (MNA) – The National Iranian Oil Company (NIOC) has signed 13 major oil and gas extraction research contracts with Iranian universities and research centers.

Iran's Oil Ministry explains outcome of NIGC complaint against Turkmengaz

TEHRAN, Jun. 29 (MNA) – The General Directorate of Public Relations of Iran’s Oil Ministry has explained the outcome of the International Court of Arbitration’s ruling regarding the dispute between the National Iranian Gas Company (NIGC) and Turkmengaz.

Iran plans to hike propylene output to 3mn tons per annum

TEHRAN, Jun. 22 (MNA) – Iran’s deputy oil minister for petrochemical affairs said the country’s propylene output is set to reach 3 million tons per year once new projects come online in the country.

Petchem production capacity to increase 35% in current year: official

TEHRAN, Jun. 03 (MNA) – The Deputy Oil Minister for Petrochemical Affairs Behzad Mohammadi said that the operation of 16 petrochemical projects in the current year will increase the production capacity of the petrochemical industry by 35 percent at large.

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).

Iran’s OPEC governor passes away after brain haemorrhage

TEHRAN, May 16 (MNA) – Iran's veteran OPEC Governor Hossein Kazempour Ardebili has died of a brain haemorrhage two weeks after slipping into a coma.

Iran's RIPI to commercialize Micro-CHP products

TEHRAN, Apr. 05 (MNA) – The Research Institute of Petroleum Industry (RIPI) will commercialize heat and electrical demand products as well as generator engines based on OHVG gas-based engine technology.

RIPI to host petroleum startup event in December

TEHRAN, Dec. 03 (MNA) – The Research Institute of Petroleum Industry (RIPI) is to host the first startup event for university students for the Iranian Oil Ministry in December.

Gasoline consumption drops 19mn liters per day: oil ministry

TEHRAN, Nov. 26 (MNA) – Oil Ministry announced on Tuesday that after the implementation of gasoline rationing scheme, consumption has decreased by 19 million liters per day in Iran.