Multi-Phase Pumps Made in Iran
1-€60mn MOU for Petchem Equipment Manufacturing A memorandum of understanding worth €60 million was signed between three Iranian companies for the domestic manufacturing of petrochemical industry equipment. The MOU was signed between Oil Industries
Engineering and Construction Company (OIEC), Mashin Sazi Arak and AzarAb Industries to supply equipment to Kian Petrochemical Company and Dehloran Petrochemical Company. Mashin Sazi has a €40 million share and AzarAb th NISOC to Gather Flare Gas Ahmad Mohammadi, CEO of National Iranian South Oil Company (NISOC), said four agreements and one memorandum of understanding had been signed for gas gathering in NISOC-run areas. He said one of the most important agreements for this purpose had been signed for gathering flare gas at the Bid-Boland refining project in the Persian Gulf. He put the agreement’s value at $1.1 billion. “Within the framework of this agreement, according to a timetable, about 400 mcf /d of flare gas in Gachsaran and in the east of Khuzestan Province would be gathered,” he added. Mohammadi said a $200 million agreement had also been signed with the Maroun Petrochemical Company, adding that over 200 mcf/d of flare gas would be gathered in Maroun and Ahvaz in Khuzestan Province. He said: “We have signed two
Iran E&P Companies Must Sell Oil
Reza Dehqan, deputy CEO of National Iranian Oil Company (NIOC), has said Iranian E&P companies are expected to be able to sell their own oil in the near future. He said: “This issue requires these companies to work out necessary mechanisms. It has to be taken into account as soon as possible.” Dehqan also called for further cooperation between Iranian companies to benefit from opportunities available for the petroleum industry. He touched on the findings of appraisal of exploration blocks, saying: “The results of appraisal of exploration blocks in recent years indicate that the volume of oil reserves in place and recoverable reserves in Iran are more than estimated.” Dehqan underlined that Iranian companies need to be fully capable under conditions of sanctions, saying: “We won’t welcome international sanctions, but we believe that a progressive society is a soc
LNG, Key Option for Revenue Generation Talin Mansourian, director of investment and business at National Iranian Oil Company (NIOC), said developing the liquefied natural gas (LNG) industry and stepping into the LNG market was necessary for making revenue from gas. “Iran sits atop huge gas reserves. Therefore, development of the LNG industry is a common approach for making revenue from gas reserves. Therefore, presence in this industry is a must,” he said. Mansourian said the framework for setting up an LNG park has been drawn up following several rounds of meeting held at Petroleum Ministry and NIOC. She added: “Now we intend to complete or amend it by receiving the views and suggestions of investors.” Mansourian said financing companies could propose their approaches for the purpose of making investment attractive in this project. She highlighted the role of Iran LNG Co. in this project, saying: “Iran LNG has
facilities and installations which would be used for launching the LNG park. This project includes 6 LNG units to produce 500,000 tonnes a year.” She said that NIOC is the investor in this