Ethane production in South Pars Gas Complex is 10,000 tons per day
South Pars Gas Complex in Bushehr Province supplies 10,000 tons of ethane production on a daily basis to petrochemical plants located in the region, the managing director of the complex said. Calling it the largest supplier of feedstock for downstream industries in the country, Ahmed Bahoush said, “The ethane produced by...
Annual Chlorine Production Capacity to Hit 175,000 Tons
Executive operations for the construction of two chlorine production units have started in Khuzestan Province, the minister of cooperatives, labor and social welfare said. “The initiatives, estimated to become operational in less than 12 months, will help raise chlorine production capacity in the region to 175,000 tons per year, or 480...
Several Petroleum and Oilfield and Power Projects launched in Khuzestan
Several Petroleum and Oilfield and Power Projects in Khuzestan Province were inaugurated on the weekend in the presence of President Ebrahim Raisi. A total of 15 oil and gas projects worth $3 billion were launched in the southwestern oil-rich province. Among the major projects, the first phase of Persian Gulf Hoveyzeh Gas...
Iran Plans to Build More Aviation Fuel Stations
Three aviation fuel stations are under construction in Kalaleh in Golestan Province, Parsabad in Ardabil Province and on Abu Musa Island in Hormozgan Province, the head of the Airplane Refueling Department of Iran said. “Negotiations are underway to build seven more stations across the country,” Ahmad Vahedian Abutorabi was also quoted...
Russian Officials to Attend Iran Oil Show 2023 for Signing Cooperation Documents
Iran’s Oil Minister Javad Owji and Russian Deputy Prime Minister Alexander Novak, as the heads of Iran-Russia Economic Commission, held phone talks on Monday and discussed bilateral cooperation in the fields of oil, gas and petrochemicals. Owji and Novak also discussed the scheduled visit of a high-ranking delegation from Russia to...
Annual Iran Petrochemical Production Capacity to Reach 95m Tons
In the current fiscal 2023-24, one petrochemical project on average will be launched across the country per month, the managing director of the Iran National Petrochemical Company said on Monday. “With the completion of these projects, the industry’s nominal production capacity will reach 95 million by the end of the year...
Takhte Jamshid Petrochemical Company Output Surges by 53%
Takhte Jamshid Petrochemical Company in Mahshahr, Khuzestan Province, has registered an impressive rise in output in the first six months of the fiscal year ending Sept. 22. In terms of volume, the company has produced 40,871 tons of products during the period, which indicates a rise of 53% compared with the...
Sepehr and Jofeir Oilfields Ready for Official Inauguration
The last stage of the production test in Sepehr and Jofeir oilfields in Khuzestan Province was successfully completed on Tuesday, the managing director of Pasargad Energy Development Company said. “For the primary production in the fields, 12 wells have been drilled and all are now ready for the initial production of...
Arya Sasol Polymer Company to Increase Production, Sales
Arya Sasol Polymer Company plans to increase its output and sales in the current fiscal year (March 2023-24), the managing director of the company said. “Last year, 1.084 million tons of products were sold. The sales volume is estimated to grow by 10% and reach 1.191 million tons, which will break...
Bandar Imam Petrochemical Company plans to increase profit
Bandar Imam Petrochemical Company in Mahshahr, Khuzestan Province, plans to invest in oil and gas fields for procuring sustainable feed to increase its output and profit in the next five years, the managing director of BIPC said. “A total of $2 billion of investment will be dedicated to the projects to...
Projects to convert Bandar Abbas Oil Refinery into Petro-Refining complex
Bandar Abbas Oil Refinery in Hormozgan Province has launched development plans to turn into a Petro-Refinery, one of which is to become a major petroleum coke producer, the managing director of the refinery said. “The construction of 15 new processing units, estimated to cost $2.5 billion, has started in the refining...
Tehran and Caracas to Expand Oil Cooperation
Iran and Venezuela have signed new memorandums of understanding to expand bilateral cooperation in oil and gas industry. Iranian Oil Minister Javad Owji and his Venezuelan counterpart Pedro Rafael Tellechea signed a number of MoUs and documents in Caracas on Sunday in the presence of the Latin American country’s Vice President...