Iran Recoverable Oil Reserves at 160bn Barrels

Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday the country’s recoverable oil stood at 160 billion barrels.

Iran to Launch 4 South Pars Phases by March 20

Iranian Minister of Petroleum Bijan Zangeneh, on the eve of the 40th anniversary of the Islamic Revolution’s victory, underlining Iran’s natural gas production capacity from the jointly owned South Pars gas field and inauguration of the refinery sections of phases 13 and 22-24 of South Pars in the near future, said: "With the opening of these phases, Iran outdoes Qatar in gas recovery from South Pars gas field.”

Pars Petchem Plant Ready to Start Exporting Items

The CEO of Pars Petrochemicals Company said the plant’s styrene monomer unit operated at 106 percent of its nameplate capacity, adding the facility was ready to start exporting the items.

Iran Sitting Atop 160 Billion Barrels of Recoverable Crude Oil: NIOC

The National Iranian Oil Company (NIOC) announced the amount of recoverable reserves of the country's liquid hydrocarbons, saying Iran sits atop an estimated total of 160.12 billion barrels and its natural gas reserves stand at 33.33 trillion cubic meters.

IP Gasline Could Complete with Pakistan Efforts: Iran

Iranian President Hassan Rouhani said Iran had fulfilled its commitments regarding a major gas pipeline project to transfer natural gas to Pakistan, expressing optimism the project could come on-stream with the efforts of Pakistani officials.

Iran to Link 3,000 Villages to Gas Network by March 2019

Plans are under way to ensure access of 3,000 more Iranian villages to the natural gas by the end of the current calendar year to March 20 2019, an official said.

Iran supports investment in renewable energy sector

Iranian Energy Minister has expressed support for domestic and foreign entrepreneurs investing in the renewable energy sector to let them export electricity to the neighboring countries.

KOGPC Treats 32,000 Oil Barrels with MOT

The CEO of Karoon Oil & Gas Production Co. (KOGPC) said his company had processed 32,000 barrels of crude oil by mobile oil treater (MOT) devices over the course of the past 10 months.

Issuance of Fixed-Rate Bonds on Feb 2

The CEO of the National Iranian Oil Company (NIOC) said the company would start issuing Rls. 10 billion of fixed-rate (Manfa’at) bonds on February 2 with the aim of financing oil projects.

South Pars Phase 22-24 Ethane Injected to Petchem Plants

The ethane produced by the onshore refineries of phases 22 to 24 of the South Pars gas field is now being fed to petrochemical plants as feedstock.

16 Wells Drilled in South Azadegan

The National Iranian Drilling Company (NIDC) drilled 16 development wells in South Azadegan joint oilfield.

Major Petro-Refinery to be Built in Jask

Plans are under way to build a large petrochemicals and refining complex in Jask Island by Bakhtar Petrochemical Holding.

Hengam Petchem Plant 70% Complete

The construction project of Hengam Petrochemicals Plant has so far made 70 percent physical progress and is continuing as planned, the facility’s CEO said.

3rd Distillation Unit of Isfahan Oil Refinery to Come Online

The CEO of Isfahan Oil Refinery said the plant would launch its third distillation unit on the occasion of the 40th anniversary of the Islamic Revolution.

Pakistan to establish joint border market with Iran

Pakistan has decided to establish a joint border market with Iran’s cooperation near Taftan border crossing in Balochistan province, local media reported.

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