Iran | Egypt Oil & Gas - Part 13
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 billi...
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’s development plan will be put into produc...
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, according to SHANA. The general contract for ...
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, leading its oil storage tankers to near full capacity, according to Mehr. Iran’s storage levels hit 66 million barrels of oil (mmbbl) by the end of ... Iran to Produce Three New Butane Items in Mahshahr
The first petrochemical project for the butane chain in Mahshahr, in Southwestern Iran, is nearing its conclusion to produce three new items, according to Shana. Once operational, the petrochemical plant in Mahshahr w...
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, according to NIPNA. There is a national deficit regarding Propylen...
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 to June 2019, according to... 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 soon, according to the Tehran Times. “We ar...
