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Politicizing Oil, Big US Mistake: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the US had made a big mistake by politicizing oil, saying, “We will exert our maximum effort to break US sanctions.”
Iran Ready to Supply Oil, Gas Needs of Pakistan

TEHRAN (Shana) -- Iranian President Hassan Rouhani said the country was ready to supply the oil and gas needed by neighboring Pakistan.
Iran Pegs No Value to US Sanctions Waivers: Spokesman

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said: “Regarding the unlawful nature of [US] sanctions, Iran has not given and does not put any value on the sanctions waivers.”
NIDC Drills 7 Oil Wells in March/April

TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) has drilled 7 oil and gas wells over the course of the first month in the Iranian calendar from March 21 to April 20.

تیتر دو

Iran Cuts Oil Output in West Karoon to Address Environmental Concerns

TEHRAN (Shana) -- An Iranian oil official said the country had curtailed oil production at the joint oil fields in West Karoon region, Khuzestan Province, southwestern Iran, as a precautionary step to prevent environmental damage in the area.
US Pressure on Iran Could Render Oil Market more Fragile: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the current crude oil market was in a fragile state, adding, “If the US decided to exert more pressure on Iran, the oil market would become unpredictably more fragile.”
SPGC Eyes 7 bcm Gas Output Growth

TEHRAN (Shana) -- The natural gas output of South Pars Gas Complex (SPGC) is expected to rise by 7 billion cubic meters this calendar year, which began on March 21, compared to the preceding year, SPGC CEO said.
Oil Output Rises at Doroud Offshore Oilfield

TEHRAN (Shana) -- The Iranian Offshore Oil Company (IOOC) has increased oil production from Dorous offshore oilfield by launching Well D-6 in the field.

Analysis

Ferdowsi, Mideast Biggest Heavy Crude Oil Field

TEHRAN (Shana) -- More than 108 years of prospecting for hydrocarbon reservoirs in Iran have resulted in the exploration of the supergiant South Pars gas field and Azadegan oil field. Iran sits atop more than 100 oil and gas reservoirs, implying that at least one reservoir has been explored per year in Iran in the past century.
2018-08-29 12:16
Condensate Exports Down as Domestic Use Up

TEHRAN (Shana) -- Since taking office in 2013, the administration of President Hassan Rouhani has focused on putting an end on selling raw materials.
2018-09-02 15:40
Saudi Arabia and Extra Oil Output; Challenges & Restrictions

TEHRAN (Shana) -- The US withdrawal from Iran’s 2015 nuclear deal with six world powers and Washington’s attempts to cut Iran’s oil exports to zero have raised serious questions about the future of energy market and possible fluctuations and shocks in the oil market.
2018-10-14 10:00
How to Counter Oil Sanctions

TEHRAN (Shana) -- We view sanctions as the conditions or the scope of project, i.e. assessing every factor, which is likely to affect the project processes and the triangle of time-quality-cost for a project.
2019-01-05 15:21

Report

EOR Envisaged for Bangestan Reservoir

TEHRAN (Shana) -- Iran hopes to bring its oil output to over 5 mb/d under its 20-year vision plan by investing in ageing fields. Some of oil fields in Iran are already mature. Their oil has partly been recovered, but cutting edge technologies are needed to extract the remaining oil.
2018-12-30 12:09
South Pars Gas Output Exceeds 600mcm/d

TEHRAN (Shana) -- South Pars is the largest gas field in the world, whose development is aimed at supplying gas needs in Iran in the household and business sectors, injecting gas to oil fields, powering industrial units and power plants, feeding petrochemical plants, exporting gas, condensate, liquefied petroleum gas (LPG) and sulfur.
2019-01-21 15:52
Iran Petroleum Ministry Shakeup

Who Are Iran’s New Oil Managers?

TEHRAN (Shana) -- Iran’s petroleum minister, Bijan Zangeneh, appointed new heads for three of main subsidiaries of the ministry. The decision was line with a recently enacted law banning the reappointment of retired managers.
2019-01-21 15:55
Iran to Launch 4 South Pars Phases by March 20

TEHRAN (Shana) -- 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.”
2019-02-05 17:25