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US Using Oil as Weapon: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh stressed the non-political nature of oil, saying the US was using oil as a weapon which was not the right approach.
2019-09-19 14:52
Export of Petroleum Products Suitable: President

TEHRAN (Shana) -- Iranian President Hassan Rouhani said that the current state of petroleum products and petrochemicals exports of the country was suitable.
2019-09-18 15:12
Selling Oil not Easy but Efforts Continue Nonstop: Iran

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh says selling oil is not easy for the country, adding, “We, however, would never cease to try.”
2019-09-18 13:44
South Pars

2019-09-18 12:24
Maximized Involvement of Domestic Firms in Petchem Projects, NPC Concern

TEHRAN (Shana) -- The National Petrochemical Company (NPC) is seeking to ensure the maximized involvement of domestic manufactueres and contractors in petrochemical projects, the NPC CEO said.
2019-09-17 15:39
Iran Mulls Gas Production Enhancement in Khangiran

TEHRAN (Shana) – The CEO of the East Oil and Gas Production Company said that plans were under way to add 2.5 million cubic meters to gas production capacity in Khangiran district, northeastern Iran.
2019-09-17 14:58
Figures Concerning Iran-China Deals not Real: FM Spox

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said that investment affairs between Iran and China had been viewed as a strategic plan for Iran, denying figures released in media concerning the level of the interactions.
2019-09-16 16:28
Iran Welcomes Oil Buyers: Spox

TEHRAN (Shana) -- The spokesman of the Iranian Government said the country would welcome any country that wished to buy oil from Iran.
2019-09-16 16:20
Iran Petchem Output to Cross 133 mt/y by 2025

TEHRAN (Shana) -- Iran has planned to bring its petrochemical production capacity to 133 million tons per year by 2025 with $40 billion of investment.
2019-09-16 15:56
Petchem Plant Improves ICIS Ranking Despite Sanctions

TEHRAN (Shana) – The ICIS has ranked Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) 35th in ICIS Top 100 Chemical Companies for 2019, three levels better than last year, despite the fact that PGPIC is targeted by the US sanctions.
2019-09-15 16:45
70% Share of Domestic Companies in Belal Field Development

TEHRAN (Shana) – Iranian manufacturers will supply 70 percent of the items needed for developing Belel offshore gas field, an official said.
2019-09-15 16:30
Iran Oil Industry Developing Despite Sanctions: Official

TEHRAN (Shana) – A senior Iranian oil official said that the industry was developing in the country despite the sanctions.
2019-09-15 16:06
Strategy to Delay Pressure Drop in South Pars Begins

TEHRAN (Shana) – The Managing Director of Pars Oil and Gas Company said signing Belal gas field’s development contract was one of the long-term solutions to prevent gas pressure drop in South Pars.
2019-09-14 14:28
Tapping Domestic Capabilities, NIOC Priority for Developing Belal Gas Field: CEO

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) CEO said that the company’s priority was to tap domestic capabilities for developing Belal offshore gas field.
2019-09-14 13:57
CNPCI Practically Out of SP. 11 Project: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said that China’s CNPC International had practically pulled out of the South Pars Phase 11 development project despite not having officially stated so.
2019-09-14 13:23
Market Survey Needed for Ensuring Effectiveness of Deeper Oil Output Cuts: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the market’s reaction to deeper supply cuts by OPEC+ needed to be assessed in order to ensure the plan’s effectiveness.
2019-09-14 11:58
POGC Inks Gas Deal with Petropars

TEHRAN (Shana) -- Pars Oil and Gas Company (POGC), a subsidiary of the National Iranian Oil Company (NIOC), has finalized a $440m deal with Petropars Company for developing Belal Gas Field in the Persian Gulf.
2019-09-14 10:55
Iran-Russia Private Sectors Seek Cooperation in Oil Industry

TEHRAN (Shana) – A Russian delegation of private business people active in oil and gas industry met with the head of the Energy Committee and the deputy head of Tehran Chamber of Commerce in Tehran.
2019-09-11 16:42
Iranian Firm to Develop Belal Gas Field

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) is to sign a $440m contract with a domestic company to develop Bilal Gas Field in the Persian Gulf.
2019-09-08 15:04
Global Rivalry over Shale Oil/Gas

TEHRAN (Shana) -- Shale oil and gas market has been gathering steam across the globe over the past decade. Many countries, particularly the United States, have developed new technologies to produce and process shale oil and gas.
2019-09-08 12:22
Startups, New Energy Business Sector

TEHRAN (Shana) -- A new business sector is emerging in Iran’s petroleum industry. Several years after the formation of knowledge-based companies in this vital sector, it is now oil startups’ turn. The startups are expected to develop creative ideas with a view to reducing production costs and boosting productivity in the petroleum industry.
2019-09-08 12:19
Iran Petroleum Ministry Focuses on Startups

TEHRAN (Shana) -- Iran’s Ministry of Petroleum has decided to provide special support to startups and knowledge-based oil companies. Minister of Petroleum Bijan Zangeneh has said that 17 ha of land in southern Tehran would be allotted to these companies. He said the Ministry of Petroleum had a detailed plan for startups, which would become operational in the second half of the current Iranian calendar year.
2019-09-08 12:09
New IOOC CEO Appointed

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) CEO has appointed Alireza Salman Zadeh as the new CEO of the Iranian Offshore Oil Company (IOOC).
2019-09-07 17:30
IOOC Launches Plan to Revive coral reefs in Khark Island

TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has joined the Department of Environment (DOE) to save the coral reefs of Khark Island for the first time in the country.
2019-09-07 16:42
NIOC to Offer 2mb of Gas Condensate at IRENEX on Sep. 11

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of gas condensate on the international floor of the Iran Energy Exchange (IRENEX) on September 11 at $56.9 per barrel.
2019-09-07 15:51
1st Downhole Pump Installed in Yaran Oilfield

TEHRAN (Shana) – The operation for downhole installation and launching the first electric submersible pump (ESP) in Yaran oilfield has been successfully carried out.
2019-09-07 15:43
Tehran Waiting for Realization of Europe Promises for Buying Iran Oil: SPOX

TEHRAN (Shana) -- Spokesman for the Iranian Administration Ali Rabiei said Tehran was waiting for Europe’s promises to buy oil from Iran and deliver its money to the country.
2019-09-04 15:31
Iran Would Resume JCPOA Commitments if Oil Revenues Ensured: Deputy FM

TEHRAN (Shana) -- Deputy Foreign Minister Abbas Araghchi said that Iran would resume full compliance with the Joint Comprehensive Plan of Action (JCPOA) only if it could sell its oil freely.
2019-09-04 15:03
1bcm Injected to Sarajeh Gas Storage Site

TEHRAN (Shana) -- 1.5 billion cubic meters of gas has been injected to Sarajeh Gas Storage Facility since March.
2019-09-03 16:50
Iran Could Resume JCPOA Commitment If Europe Buys Oil: Rouhani

TEHRAN (Shana) -- Iranian President Hassan Rouhani said that the country would resume its commitments to the Joint Comprehensive Plan of Action (JCPOA) if Europe could purchase or pre-purchase its oil.
2019-09-03 16:29