TEHRAN – Necessary measures for containing the coronavirus (Covid-19) in the Iranian oil industry’s operational areas were explored in a meeting on Tuesday, attended by the Oil Minister Bijan Namdar Zanganeh and the Head of National Iranian Oil Company (NIOC) Masoud Karbasian.

As reported by Shana, in the meeting Zanganeh discussed ways of preventing the spread of coronavirus in the oil, gas, refining and petrochemical operational areas"...

TEHRAN- Iranian Energy Minister Reza Ardakanian inaugurated 25 major electricity projects worth 71.81 trillion rials (about $1.709 billion) in five provinces on Tuesday, Tasnim news agency reported.

The projects were put into operation by the minister through video conference in Tehran, Fars, Hormozgan, Bushehr, and Sistan-Baluchestan provinces.

Inauguration of these projects"...

TEHRAN – Head of National Iranian Drilling Company (NIDC) says despite the coronavirus outbreak, all operations in the country’s oil and gas rigs are ongoing in full compliance with safety and healthcare standards, Shana reported.

“Our priority is, of course, maintaining the health and safety of employees and increasing the level of health services in order to prevent the spread of the virus and containing it,” Abdullah Mousavi"...

TEHRAN, Mar. 08 (MNA) – Platform 13C, the fourth and the last platform of phase 13 of Iran’s South Pars gas field’s development project was installed on its designated offshore spot on Saturday evening.

Payam Motamed, the operator of phase 13 of developing South Pars informed that the installment weighs about 2,500 tons.

Platform 13C, along with 13A,"...

Iran is expected to lead the Middle East refining industry by contributing around 31 per cent of refining capacity additions from planned and announced (new-build) projects by 2024, says GlobalData, a leading data, and analytics company.

The company’s report, ‘Global Refining Industry Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details"...

TEHRAN – Iranian experts and engineers have indigenized the knowledge for manufacturing automatic voltage control (AVC) system, which is high-technology equipment used in hydroelectric power plants, IRNA reported.

“This is the first major power plant equipment that has been completely designed by Iranian specialists and will be used in hydroelectric power plants after final approval,” a deputy with Iran Water and Power Resources"...

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh says there is an oversupply in the crude oil market, saying OPEC and non-OPEC producers need to discuss how to ensure market balance.

Speaking to reporters upon arrival at his hotel in Vienna, Mr. Zanganeh said: “There is no doubt about the supply and demand imbalance in the oil market meaning there is more supply than there is demand.”

Asked"...

TEHRAN, Mar. 05 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh said that oil market is facing oversupply and termed balance between supply and demand in favor of both producer and consumer.

The Islamic Republic of Iran has always supported the policies that are in favor of two sides, he told reporters in Vienna on Wednesday prior to the on the sidelines of 178th OPEC Meeting which will be held on Mar. 5-6

Zanganeh"...

TEHRAN – Average daily gasoline consumption in Iran has fallen another 10 percent to reach 70 million liters following the implementation of the rationing scheme, according to National Iranian Oil Products Distribution Company (NIOPDC)’s planning director.

“The average daily consumption of gasoline in the previous month of Bahman (January 21-February 19) stood at 80 million liters, the figure fell to 70 million in the current calendar"...

TEHRAN – Iran is planning to indigenize nine major catalysts used in the petrochemical industries within the next two years, Shana reported, quoting the managing director of the country’s Petrochemical Research and Technology Company (PRTC).

“We plan to produce over $100m worth of petrochemical catalysts annually, by the end of the Iranian calendar year of 1400 (March 20, 2022),” Ali Pajouhan said.

According"...