TEHRAN (NIPNA) -- The director of planning and development of the National Petrochemical Company said the use of natural gas as feedstock to produce petrochemical products could triple value added generation in the industry, adding the figure could increase 10 times by completing the sector’s value chain.
The CEO of the National Petrochemical Company (NPC) said the country’s petrochemical export revenue stood at $10 billion in the previous calendar year which ended on March 20.
Iran's Oil Minister Bijan Zangeneh on Wednesday evening visited the site of Tehran oil refinery to oversee crisis management operations to contain a huge fire which started there earlier in the evening.
Iranian Oil Minister Bijan Namdar Zanganeh has said Iran is ready to return to the oil market as soon as the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) is revived and the U.S. sanctions are lifted, Shana reported.
The Director of Integrated Planning of the National Iranian Drilling Company said the company has completed drilling operations for 17 oil and gas wells in the first two months of the current Iranian calendar year which began on March 21.
The CEO of the National Petrochemical Company (NPC) said the country generated $10 billion in petrochemical export revenue in the previous calendar year which ended on March 20.
The CEO of the National Iranian South Oil Company (NISOC) said: "Increasing oil production capacity is on the agenda of this company, which is the most targeted plan on production enhancement over the past 20 years.”
Iran has exported 18,884 tons of commodities to Ira through Mehran border since the beginning of the current Iranian calendar year (March 20), IRNA reported quoting an official as saying on Tuesday.
The head of the offshore section of South Pars 22-24 phases development project said 3 new wells had become operational in the project which added 200 mcf to the phases’ gas output.
Iranian Minister of Petroleum Bijan Zangeneh said his ministry would support domestic manufacturing by observing international standards in the oil industry.
The CEO of Nirouchlor Company said that the company’s exports to Europe, despite the restrictions caused by the coronavirus in the world, reached about 5,000 tons.
The third generation of sucker-rod pump (SRP) was installed for the first time in West Karoun oil fields cluster at well No. 14 of North Yaran field and increased the oil production capacity of this joint field by 500 b/d.
The CEO of the National Petrochemical Company said Iran’s petrochemical production capacity would increase by 60% this year, adding by launching 17 projects, Iran’s petrochemical revenue would increase by 80 percent by the end of the current Iranian calendar year which began on March 20
Head of National Iranian Drilling Company (NIDC) says 15 drilling rigs from the company's fleet have been based in operational sites in the National Iranian South Oil Company (NISOC)’s 28-reservoir development projects in southern Iran.