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Iran to Resume Gas Exports to Turkey Soon: NIGC

TEHRAN (Shana) – National Iranian Gas Company (NIGC) says Iranian gas exports to Turkey will resume in a few days after repairing the gas pipeline from Iran to Turkey which was hit by an explosion on Tuesday morning.
Pipeline Explosion Halts Turkish Gas Imports from Iran

TEHRAN (Shana) – Turkish gas imports from Iran were halted due to an explosion in a natural gas pipeline inside Turkey near Iran’s Bazargan border with Turkey on Tuesday morning, National Iranian Gas Company (NIGC) said.
Darquain-3 Up for Investment

TEHRAN (Shana) -- West Karoun is now known to Iranians. This border area is expected to form Iran’s oil civilization. According to plans, Iran intends to increase output from the 11 oil fields located in West Karoun by 1 mb/d within four years. The Darquain field will have a 200,000 b/d share in the above figure. Darquain which lies in Khuzestan Province is 45 kilometers north of the city of Khorramshahr and 100 kilometers south of the oil-rich city of Ahvaz. The field is expected to see its output exceed 220,000 b/d once phase 3 development is fulfilled.
How Iran’s Oil Attracted US

TEHRAN (Shana) -- The United States suffered least damage among the nations involved in the World War I and World War II. It escaped unscathed even from devastating post-war crises, and even upgraded its political, economic, military and cultural power on a daily basis. In the 1950s, nobody heard any more about Italian Fascism and German Nazism, as Europe was divided between Capitalists and Communists. As the world came closer to mid-1860s, it became further polarized: one pole led by the US and the other led by the Soviet Union.

تیتر دو

MOGPC Launches Gas Sweetening Plant

TEHRAN (Shana) – The first phase of a gas sweetening project has been launced at No. 3 Complex of Maroon Oil and Gas Production Company (MOGPC).
NISOC to Run New Projects to Maintain Oil Production

KHUZESTAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the company was about to launch 7 project packages for maintaining and enhancing crude oil production in the fields it operates.
Plant Output Exceeds Expectations

TEHRAN (ٍShana) – The output of Noori Petrochemical Plant stood at 106% of the planned output in the current Iranian calendar year which began on March 20, 2019.
RIPI Key in Oil Industry Economy

TEHRAN (Shana) – The head of the Research Institute of Petroleum Industry (RIPI) said the center was able to overcome the sanctions by relying on the strength and diligence of the valuable local forces to effectively respond to the technological needs of the petroleum industry and play a decisive role in the national economy.

Analysis

2019 Oil Market Hotbeds

TEHRAN (Shana) -- The year 2019 was fraught with events for global oil markets. However, as far as the pricing was concerned the impacts were weak and short-lived on the market. That could have largely affected the oil market in the middle of the decade, but by the end of the last decade of the 21st century, the impact has been meager. In other words, 2019 ended the same way it had started. No significant development was witnessed in the trend of prices with which are mainly concerned producers, consumers, speculators and market analysts. Nonetheless, in the final hours of 2019, oil prices experienced an unpredicted jump to cross $70 a barrel, an unprecedented record since 2018.
2020-02-01 10:41
Petchem Diversity to Widen Room for Maneuvering

TEHRAN (Shana) -- Iran’s petrochemical industry has over recent years bolstered its presence in the international markets in a bid to increase its share in the lucrative global petrochemical trading. Currently, 56 petrochemical plants in Iran are supplying 350 various types of products. Now National Petrochemical Company (NPC) managers say they intend to diversify the petrochemical market in a bid to increase Iran’s share of global petrochemical market and minimize the vulnerability of the petrochemical sector to US sanctions.
2020-02-01 10:39
Iran Oil ‘Takes Off’ for Mastering Technology

TEHRAN (Shana) -- Iran’s petroleum industry has accelerated its development after dealing with tough conditions of sanctions over a decade and going into ups and downs. Nationalization of technical knowhow and acquisition of cutting-edge technologies have always constituted a major cause of concern for Iran’s petroleum industry. That has gathered steam in recent years thanks to efforts made by Petroleum Ministry managers in meeting the country’s needs and making maximum use of domestic capabilities.
2020-01-27 14:23
Future of Oil, Future of World

TEHRAN (Shana) -- Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503,000 b/d from their total production in a bid to help stabilize the oil market. The OPEC and non-OPEC producers would now remove a total of 1.703 mb/d of oil from their output.
2019-12-21 15:30
Namavaran: 2nd Largest Oil Reservoir in Iran

TEHRAN (Shana) -- Experts at the National Iranian Oil Company’s exploration department have discovered a new oil reservoir in Khuzestan Province, which holds 22 billion barrels of crude oil in place.
2019-11-12 17:11
Interaction with Iran Benefits Foreign Firms

TEHRAN (Shana) -- Iran sits atop the world’s largest hydrocarbon reserves and is located on the energy corridor route. However, in the aftermath of the 1979 Islamic Revolution, the United States has been using every tool at its disposal to keep Iran from becoming a key energy player.
2019-09-02 15:08