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Iran’s exploration chief: Seismographic surveys ‘unprecedented’ in 20 years
TEHRAN (Shana) – The exploration director of the National Iranian Oil Company (NIOC) said seismographic operations reached an “unprecedented” level in over a one-year period when compared with those in the past 20 years.
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West African delegation visits Oil and Gas Industry Innovation and Technology Park
TEHRAN (Shana) – A high-ranking trade delegation from West Africa paid a visit to Iran’s Oil and Gas Industry Innovation and Technology Park.
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NIOC official: Iran to stun world with exploration know-how
TEHRAN (Shana) – Iran will soon astonish the world by displaying its exploration expertise, vowed a National Iranian Oil Company (NIOC) official here on Tuesday.
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Inauguration of Most Iranian South Pars Phase, Soon
TEHRAN (Shana) -- A spokesman for the administration said that during the president’s visit to Bushehr, Phase 14 of South Pars Joint Gas Field, touted as the most-Iranian-made phase of the massive field, would be officially inaugurated.
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3 Oil Field Development Projects Due Soon
TEHRAN (Shana) -- National Iranian South Oil Company (NISOC)’s plan to develop 28 reservoirs, with the focus being on output preservation and enhancement, is accelerating. Ali Reza Daneshi, CEO of NISOC, said that obstacles in the way of development of the 28 reservoirs, including contractors’ supply of commodities and payment issue, have been taken into consideration. He expressed hope that the Nargesi, Kaboud and Lali Asmari fields would have been developed by March 2023.
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Transition to New Order in Oil Market?
TEHRAN (Shana) -- The Iranian Petroleum Ministry’s Directorate of OPEC and Int’l Energy Fora has analyzed the oil market to conclude that last year’s developments gave rise to a new tug-of-war, which will soon result in a new balance of forces. In the new order envisaged for the oil market, Western governments will see their monopoly decline on the oil market which would turn into a regional market with a lower level of integration. However, the trans-Atlantic energy market between North America and Europe is projected to show further integration.
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2022 Oil Market Review and 2023 Forecast
TEHRAN (Shana) -- As the international oil market warms up for 2023 let’s take a look at major events that had immense impact on the world oil markets in 2022. The global energy market was just done with Pandemic that hit demand in early 2020 jeopardizing the supply chain most severely. Producing countries need to be praised and acknowledged for the wonderful job of adjusting skillfully with the demand destruction leading to a swift balance in the market. However, early in 2022 the international oil and energy market was confronted with a severe blow when the Russian conflict with Ukraine broke out on 24 February 2022.
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Jask Oil Terminal Guarantees Continued Oil Exports: Official
TEHRAN (Shana) -- The head of the Iran Oil Terminals Company (IOTC) said: “Jask Oil Terminal, as a national and strategic project under the management of the administration and the leadership of the National Iranian Oil Company (NIOC) in the Sea of Oman, guarantees the continuation of crude oil exports, decentralization in the field of oil exports, and increased bargaining power and job creation.”
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Tehran, Beijing Cooperation Favorable for Future of Iran
TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Parliament said: “Today, the economic cooperation between Iran and China is more coherent than ever, and the recent visit of the president to this country can bring good results for Iran.”
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Petchems, Refineries Offering hard Currency Earnings on ICE
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said all foreign currency obtained from the export of petrochemical and refining companies will be offered in the Iran Center of Exchange (ICE).
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Iran Can be Supplier of China's Energy Demand: Expert
TEHRAN (Shana) -- An expert on energy issues said since the driving engine of China's economy is the energy sector and Iran also has stable sources of energy, the latter could easily meet China's needs.
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Iran, China Forming Mutual Dependence: Expert
TEHRAN (Shana) -- The head of the Institute of International Energy Studies (IIES) stated that the relations between Iran and China are getting stronger, and said: “The Chinese have always maintained their relationship with our country despite the imposition of sanctions against Iran.”
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Iran, China Economy could complement each other: Ex-Official
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC) emphasized that the economy of Iran and China can complement each other and meet many of each other's needs.
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Iran, Turkmenistan Discuss Energy Deals
TEHRAN (Shana) -- The Iranian delegation attended separate meetings with the managers of Turkmengas, Turkmenneft and Turkmenchemistry companies on the second day of Iran's exclusive exhibition in Turkmenistan.
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NIOC, Sinopec in talks for Phase-2 of Yadavaran Oilfield
TEHRAN (Shana) -- The director of investment and business of the National Iranian Oil Company (NIOC), emphasizing that the 13th administration, unlike the previous administration, has a strategic view of old partners such as China and Russia, stated: “Since the beginning of the 13th admonition, regular negotiations have been held with China's Sinopec Company regarding the second phase development of Yadavaran field.
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Iran, China ink 20 Cooperation docs
TEHRAN (Shana) -- 20 cooperation documents were signed between high-ranking officials of the Islamic Republic of Iran and China in the presence of the presidents of the two countries.
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Development of Oil, Gas Fields in Central Regions Accelerating: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) emphasized the need to accelerate the maintenance of the production capacity of the fields operated by the Iranian Central Oil Fields Company (ICOF), and said: “The vision outlined for this company is to increase gas production to 142 million cubic meters per day.”
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3%, Share of Knowledge-Based Economy in GDP
TEHRAN (Shana) -- The Deputy Head of Technology of the Oil and Gas Park said: “Until the past few years, the gross domestic product from the knowledge-based sector was a small figure of about one-tenth to two-tenths of a percent, but in the past few years, this issue has become more serious and has accounted for a larger share of the gross domestic product. Recent figures indicate a three percent share of the knowledge-based economy in the GDP.”
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Iran Eyes 50% Gas Output Growth by 2029
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) announced the implementation of plans to increase gas production of the country by 50% by 2029.
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Gachsaran Oil Output up 180,000b/d
TEHRAN (Shana) -- The CEO of Gachsaran Oil and Gas Production Company announced the daily increase of 180,000 barrels of oil with the use of skid-mounted crude oil processing unit in this company.
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Preventing Sale of Iran Oil by Enemies Failed: Representative
TEHRAN (Shana) -- A member of the Expediency Council and representative of the Supreme Leader in the Supreme National Security Council said: “The enemies announced that you cannot sell oil, but given the budget bill 1401 and 1402 and the amount of oil announced in it, we can sell it, and the budget is adjusted based on that.”
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Southern Azadegan Oil Output up 45,000 b/d
TEHRAN (Shana) -- The CEO of Petroleum Engineering and Development Company (PEDEC), while explaining the actions taken by this company in the South Azadegan field, announced the increase in daily production of crude oil by 45,000 barrels/day over the past year.
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Iran Experts Manufacture Practical Drilling Items
TEHRAN (Shana) -- The Deputy Director of Research, Technology and Construction Engineering of the National Iranian Drilling Company (NIDC) said: “About 7,200 unique parts used in the drilling industry have been localized in synergy and cooperation with 400 domestic manufacturers so far.”
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IOTC at Forefront of Economic War on Iran Oil Industry
TEHRAN (Shana) -- Iranian Oil Terminals Company (IOTC) is at the forefront of the country's economic battle, and its operations management staff, along with other departments, have shone brightly under the sanctions, said the IOTC caretaker.
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NISOC inks MoU with Basra Oil Company
TEHRAN (Shana) – National Iranian South Oil Company (NISOC) signed a memorandum of cooperation on the sidelines of the 13th Khuzestan Oil Industry Equipment Manufacturing Exhibition with Basra Oil Company (BOC).
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PSEEZ Accounting for 1/3 of Iran Hard Currency Generation
TEHRAN (Shana) -- The CEO of the Pars Special Economic Energy Zone (PSEEZ) stated that more than one-third of the country's hard currency income is provided by the Zone, and said: “More than $11 billion was exported from this region in the first 10 months of the current Iranian calendar year which began on March 21, which has increased by about 50% compared to the same period last year.
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AOGC signs 6 Cooperation MoUs, 3 Contracts
TEHRAN (Shana) -- Arvandan Oil and Gas Company (AOGC) signed 6 cooperation memoranda of understanding (MOU) and 3 contracts on the 3rd day of the 13th Ahvaz Oil Industry Equipment Manufacturing Exhibition.
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Showcase of Newly-Built Oil Items Kicks off
TEHRAN (Shana) -- The exhibition of knowledge-based equipment and oil industry items built domestically for the first time was inaugurated in the presence of the chairman of the board of directors of the Oil Industry Pension Funds.
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$1.2b of oil revenue deposited in NIMA System since Dec. 22
TEHRAN (Shana) -- The economic spokesman of the administration said since December 22, a total of $6.2 billion of hard currency has been offered in the NIMA system, of which $1.2 billion is from the sale of crude oil and $1.7 billion from petrochemical sales.
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Most Iran-made South Pars Refinery to Startup Soon
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC), emphasizing that the most Iranian-made South Pars refinery is about to be launched in phase-14 of the massive offshore gas field.