Iran | Egypt Oil & Gas - Part 12

Production Capacity at South Pars Increased by 200 MCF

Iran’s largest gas field, South Pars, has increased its capacity by 200 million cubic feet (mcf) after the completion of phase 22’s three new wells becoming operational.

Irani Nirouhlor’s Exports Reach 5,000 Tons Despite Coronavirus

The CEO of Nirouchlor Company, Vahid Namnik, said that the comoany’s exports to Europe reached to 5,000 tons despite the restrictions imposed due to coronavirus.

Iran to Launch 27 Petrochemical Projects in 2021 Worth $17 B

The Iranian Minister of Petroleum, Bijan Zangeneh, announced that his country had planned to launch 27 petrochemical projects worth $17 billion by March 21, 2021 expecting petrochemical revenues will compass $25 b ...

Central Processing Facility in Azar Field to Begin Oil Production

The CEO of Oil Industries’ Engineering and Construction Company (OIEC), Gholamreza Manouchehri, announced that the Central Processing Facility (CPF) of Azar joint field begins to produce oil noting that its develo ...

PEDEC, Petropars to Develop South Azadegan Field

The Petroleum Engineering and Development Company (PEDEC) has signed a deal with Petropars Company to complete the final stages of development in the South Azadegan field.

Iran Exports 273,000 bbl/d of Oil in June, Storage Nears Capacity

Iran exported a mere 273,000 barrels of oil per day (bbl/d) in June 2020 and Iran’s oil storage is nearing full capacity.

Iran to Produce Three New Butane Items in Mahshahr

The first petrochemical project in Mahshahr, in Southwestern Iran, is nearing its conclusion for the butane chain that will produce three new items.

Iran Plans to Increase Annual Propylene Output to 3 MM Tonnes 

Iran’s propylene output is set to reach 3 million tonnes per annum after the completion of the country’s new projects, which will be finished by 2025.

Iran’s Natural Gas Production Rises 3.5% YOY

Mohammad Asgari, a spokesman at National Iranian Gas Company (NIGC), announced that Iran’s natural gas production currently stands at 674 million cubic metres (mcm), a 3.5% increase compared with this time last ye ...

Iran’s First Well in Sivand Oil Field to Turn Operational

Iranian Offshore Oil Company (IOOC) has completed drilling operations for the first well at the Sivand offshore oilfield and the well is expected to become operational in the not so distant future.

Page 12 of 99

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