The recovery of production capacity at the Phase 14 refinery in South Pars gas field is 70% complete and is expected to be finished by the end of the Iranian calendar year, the CEO of Pars Oil and Gas Company said.
IRAN Feed Atom
Iran has redesigned the development plan for the Sohrab oil field after receiving environmental approval, aiming to minimize disruption to the nearby Hoor al-Azim wetland, the National Iranian Oil Engineering and Construction Company reported.
The Director-General of the West Asia Office of the Trade Promotion Organization of Iran (TPOI) announced that the preferential trade agreement with Oman has been finalized after completing administrative procedures and has been submitted to the Parliament for final review.
Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran's oil exports, suggesting that independent Chinese refiners, the biggest buyers of Iranian crude, may have to turn to alternative supply as soon as next month.
The issuance of the first certificate for saving 5 million cubic meters of natural gas marks a major operational step toward commercializing energy savings and developing a gas-efficiency market under contracts with energy service companies.
A tripartite meeting of representatives from Iran, the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), and the Financial Information Center of the Republic of Uzbekistan was held virtually, focusing on the development of international cooperation in combating money laundering and financing of terrorism.
The head of Well Repair, Completion and Technical Services at the National Iranian South Oilfields Company announced a significant increase in the activity of workover rigs and coiled tubing units during the first four months of this year, stating that these operations have played an effective role in sustaining and boosting oil production by reviving wells, resolving technical problems and restoring production capacity.
Iran’s Deputy Minister of Energy for Electricity and Energy Affairs announced that electricity supplied to the country’s petrochemical plants has increased sixfold compared with last year to keep production running.
The acting manager of South Pars First Refinery announced the successful completion of the refinery's major overhaul within one week and said: The refinery is now ready for sustainable production during the cold season.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said that Strait of Hormuz will not be reopened before oil sanctions are lifted, frozen assets are released, US blockade ends.
A member of Parliament’s Energy Committee said improving consumption patterns, modernizing the gas distribution network and securing public cooperation can help the country get through the cold season without disruptions and ensure reliable services for consumers.
The U.S. Treasury Secretary’s recent remarks and his attempt to portray Iran’s economy as being in “unprecedented isolation” are less a sign of strength than an indication of policy frustration after failing to achieve the intended objectives against the Iranian people. When successive instruments of economic pressure have been tested without producing the expected results, repeating economic threats in increasingly sweeping terms does not alter the realities on the ground.
Iran has added 2,028 megawatts of new power plant capacity to its national grid, achieving 75 percent of the 2,709-megawatt target for the current Iranian calendar year (began on March 21), according to the Thermal Power Generation Company.
has issued its first natural gas savings certificate, covering 5 million cubic meters, for an energy-efficiency project in Yazd province carried out under a contract with a gas service company, Oil Minister Mohsen Paknejad said.
Officials from Tehran and Dushanbe will ink a long-term cooperation agreement for the export of petroleum products and the supply of crude oil to Tajikistan’s refineries.
The Iranian Deputy Minister of Economic Affairs and Finance and Brazil's Deputy Minister of Economy met on the sidelines of the BRICS Finance Ministers and Central Bank Governors meeting in Jaipur, India, to review cooperation capacities between the two countries. They emphasized the need for a joint roadmap to expand economic relations, support the private sector, and increase bilateral trade.
The CEO of the National Iranian Oil Company dismissed social media reports linking oil pollution and slicks in the sea near Qeshm Island to Iran’s oil facilities, saying the company has only limited facilities in the area and they are currently shut down for maintenance.
Tajikistan plans to expand infrastructure and logistics capacity to increase the volume of crude oil and petroleum products transported between Iran and Tajikistan, the country’s transport minister said Saturday.
Five senior Iranian officials will face sanctions for their involvement in activities in the Strait of Hormuz that "undermine international peace," according to Canada's foreign affairs minister.
The Governor of the Central Bank of Iran (CBI) met and held talks with the Governor of the South African Central Bank on the sidelines of the BRICS summit.