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Integration of Energy, Petroleum Ministries Possible: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says integration of the Iranian Ministry of Petroleum and the ministry of energy is possible.
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Zangeneh Stresses Cooperation with Foreign Firms
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh voiced his support for the cooperation of Iranian companies with foreign partners in oil and energy projects.
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Foreign Firms Need Iranian Partners to Work in Iran: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said for foreign companies to be able to work in Iran's oil industry, they need to partner with Iranian companies.
تیتر دو
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Khark Terminal Fully Ready for Maximum Crude Oil Exports
TEHRAN (Shana) -- The CEO of Iranian Oil Terminals Company announced the full readiness of Khark Oil Terminal to maximize Iran's crude oil exports.
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Monitoring Systems Localized in Agar, Dalan Sites
TEHRAN (Shana) -- The Canada-built PMP radio surveillance system of Agar and Dalan operational sites have been localized, saving the country Rls. 1 billion.
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Petropars signs €3.9 m Deal with Esfarayen Lulehgostar
TEHRAN (Shana) – Petropars Company has signed a 3.9 million euro deal with Esfarayen Lulehgostar Company for the supply of pipes in South Para Phase 11 development project.
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Storage Tanks of Goreh-Jask Project Online by June
TEHRAN (Shana) -- The project manager of crude oil storage tanks in the Goreh-Jask pipeline project said four storage tanks of the project would come on stream by June.
Analysis
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How South Pars Eased Iran Circumvention of Sanctions
TEHRAN (Shana) -- Phase development of the giant offshore South Pars gas field defeated hypotheses of toughened US sanctions against Iran’s petroleum industry. Iran’s oil and gas has overcome many challenges in the way of energy exports and diversified refined petroleum products with a view to neutralizing the sanctions.
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OPEC and Future of Oil
TEHRAN (Shana) -- There are doubts about short and long-term cooperation within the Organization of the Petroleum Exporting Countries (OPEC). Based on estimates, demand for crude oil would decline in the long term, i.e. over 30 years. On the other hand, it has to be taken into consideration that the priorities of top oil producers are always changing and the share of oil will decline in their future energy mix. The main question is to know until when OPEC can continue to work.
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Diplomacy of Silence
TEHRAN (Shana) -- The silence diplomacy. That describes the policy Iran’s Minister of Petroleum Bijan Zangeneh adopted after US President Donald Trump quit the 2015 Iran nuclear deal in 2015 and re-imposed oil sanctions on Iran.
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Iran Energy Diplomacy with Iraq
TEHRAN (Shana) -- Iran’s first post-Saddam ambassador to Iraq has said Tehran and Baghdad would tie their economic infrastructure to counter enemies. Hassan Kazemi Qomi told "Iran Petroleum" that the energy diplomacy was the wing of national security.
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Fuel Demand Crisis
TEHRAN (Shana) -- Global oil demand has dropped about 10% due to the coronavirus pandemic and subsequent economic crises. Such fall in demand has been accompanied with other problems and challenges. For instance, companies have had to cut investment in production by 25-30%.
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Will March 2020 be Repeated?
Troublesome Figures
TEHRAN (Shana) -- Calculation of the baseline and the production base of 11 million barrels for the crude oil output of Russia and Saudi Arabia in the April agreement and the determination of the production baseline in October 2018 for 18 other countries committed to adjusting their output has become troublesome. Some OPEC+ member countries, led by the UAE and Kazakhstan, who endorsed the agreement at the April 12 meeting are now protesting to it.
Report
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Democrats, Republicans Both Favor Nord Stream 2 Sanctions
TEHRAN (Shana) -- Amir Alizadeh, the managing director of the Association of Iranian Banks in Europe (AIBE), has said the North Stream 2 gas pipeline would allow Russia to pump 55 bcm of more gas to Europe, specifically to Germany. In an interview, he said that the US imposed sanctions on the project. Alizadeh explained that Democrats and Republicans both favor US sanctions on the Nord Stream gas pipeline.
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The US is Loser in Imposing Sanctions on Iran
TEHRAN (Shana) -- The head of "Committee for Developing Iran’s Economic Cooperation with Iraq and Syria" has said the United States was the loser due to Washington’s failure to zero Iran’s oil and gas exports.
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Iran Ready to Pump Gas to Europe
TEHRAN (Shana) -- Veteran Iranian diplomat Ali Majedi has said Iran is always attractive to European firms thanks to its huge energy reserves. Majedi, who has been ambassador to Germany, Japan and Brazil, told "Iran Petroleum" that Iran’s oil, gas and petrochemical sector would receive €15 billion in German investment were it not for US sanctions.
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NIOC Signs 13 Research Deals with Universities
TEHRAN (Shana) -- National Iranian Oil Company (NIOC) recently signed 13 agreements with Iranian universities and research centers worth €35 million plus IRR 7,160 billion for conducting research on enhanced oil recovery (EOR).