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Project to Enhance Sa’adat Abad Oilfield Commences
TEHRAN (Shana) – A project to maintain and enhance oil production at Sa’adat Abad oil field has begun with the aim of increasing the field’s crude oil output by 3,000 b/d.
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US to Fail in Stopping Iran Oil Exports: Veep
TEHRAN (Shana) -- First Vice President Eshaq Jahangiri said: “Despite the fact that the country’s revenues and budget have been influenced by US sanctions, Washington’s efforts to bring Iran’s oil exports to zero will not be a success.”
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AOGPC Builds Key Turbine Item Domestically
TEHRAN (Shana) -- The CEO of Aghajari Oil and Gas Production Company (AOGPC) said his company had developed parts of a Solar Turbines turbine which had saved the country IRR 100 billion.
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Karoon Petchem Plant Eyes 40% Output Growth
TEHRAN (Shana) – Karoon Petrochemical Plant has devised a plan which would enhance its output by 40 percent once completed.
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Iran Gas Sector Set for Self-Reliance in Shadow of Sanctions
TEHRAN (Shana) -- Today a major requirement for survival in the tightly competitive market and the blossoming of an industrial enterprise would be to monitor industrial and technological progress, market and rivals as well as development of technology based on potential and practical capabilities of every company. Given the identity of each industrial enterprise, part of these activities is handled by R&D and IT divisions.
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Iran Petrol Output at 110 ml/d
TEHRAN (Shana) -- Iranian President Hassan Rouhani said Iran was currently producing 110 million tons of petrol domestically which is an unprecedented figure for the country.
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Iran to Continue Oil Exports Under Any Conditions: FM
TEHRAN (Shana) – Iranian Minister of Foreign Affairs Javad Zarif said the country would continue its oil exports under any conditions.
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Domestic Building of 4 South Pars Platforms Saves Iran $150m
TEHRAN (Shana) – Iran has saved as much as 150 million dollars by domestically manufacturing 4 platforms belonging to the massive South Pars gas field.
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Strategies for Presence of Iranian Companies in Iraqi Oil Projects Reviewed
TEHRAN (Shana) -- A number of the heads of industrial chambers in different Iraqi cities, who had visited Tehran to explore cooperation opportunities of Iranian and Iraqi companies, assessed various solutions for the effective entry of Iranian companies in Iraqi oil and gas projects.
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3rd South Pars 14 Platform Installed
TEHRAN (Shana) -- The third offshore platform belonging to Phase 14 of the supergiant South Pars gas field has been successfully installed.
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Iran Oil Export Info, War Intelligence: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said disclosing information about Iran’s current oil exports is tantamount to disclosing wartime intelligence as the country is now involved in an economic war.
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Iran Petchem Output to Reach 90 mt/y by 2022
TEHRAN (Shana) -- First Vice President Eshaq Jahangiri said Iran’s petrochemical production capacity was expected to reach 90 million tons per year from currently 64 mt/y by 2022.
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Iran to Build New Petchem Hub in Mahshahr
TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said final decisions regarding construction of a new petrochemical hub in the southwestern region of Mahshahr would be taken soon.
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Iran NOCs Entrust Comprehensive Studies of Oil Reservoirs to Local Firms
TEHRAN (Shana) -- This May, during the International Tehran Oil Show, the National Iranian South Oil Company (NISOC), among other Iranian oil companies, signed a contract for comprehensive studies on six oil fields.
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Tehran Continues Legal, Political Measures until Release of Iranian Tanker: Spokesman
TEHRAN (Shana) – Spokesman of the Iranian Ministry of Foreign Affairs Abbas Mousavi said Tehran would continue legal and political measures until the release of the Iranian oil tanker seized by British Marines.
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Iran no Threat to World Energy Security: Min.
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh, reacting to Saudi energy minister’s recent remarks about Iran being a threat to global energy security, said: “Mr. Falih is a technocrat and a respectable person and does not often speak politically; he must have probably been asked to say such political things.”
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No Law Supports Seizure of Iran Oil Tanker by British Navy: Official
TEHRAN (Shana) -- Iran's Deputy Foreign Minister Abbas Araghchi described the recent capture of an Iran-flagged vessel by British Royal Marines as “Piracy”, saying, “No law supports capture of the Iranian oil tanker.”
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SZOGPC Repairs Siemens Turbine
TEHRAN (Shana) – South Zagros Oil and Gas Production Company (SZOGPC) has successfully repaired the VGC Controller of a Siemens turbine by relying on domestic capabilities.
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NIOC to Sell 2 mb of Crude Oil at Energy Exchange on July 9
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on July 9.
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Topside of Salman Offshore Fields being Readied for Loading
TEHRAN (Shana) – The topside of Platform S1 of Salaman joint oilfield is being prepared for laoding to its designated offshore spot in the Persian Gulf.
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OPEC Ministers Agree to Extend Output Cut Deal
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran approved of an OPEC statement to extend the OPEC+ agreement to cut the group's total output by 1,200,000 bpd as well as the OPEC-non-OPEC Cooperation Charter.
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Iran Exempted from OPEC Output Cut Deal Again
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country was exempted from an agreement among OPEC members to continue capping the producer body’s crude oil output by 0.8 mbd.
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OPEC+ Cooperation Charter not Contradictory to General Provisions of OPEC Statute
VIENNA (Shana) – 13 OPEC member states added a paragraph to the OPEC-non-OPEC Cooperation Charter in the organization’s 176th meeting to get the approval of Iran which had seriously opposed the charter.
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OPEC Extends Output Cut Deal to 2020
VIENNA (Shana) – 14 Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to extend the producer body’s 800,000 b/d crude oil output cut deal for the next nine months to 2020.
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OPEC Existence main Concern for Iran: Zangeneh
VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh told reporters ahead of the 176th OPEC meeting in Vienna that the existence of the Organization of the Petroleum Exporting Countries (OPEC) was the main issue for Iran in the meeting.
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Zangeneh Meets with OPEC President in Vienna
VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh met with the OPEC President Manuel Quevedo, who is also Venezuelan Oil Minister, in Vienna ahead of the organization’s 176th Meeting later on Monday.
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Unilateralism, Biggest OPEC Problem: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said he had no problem with output cut, slamming "unilateralism" as the biggest problem in the Organization of the Petroleum Exporting Countries (OPEC).
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OPEC+ Deal Meaningless without Unanimity inside OPEC
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh voiced Iran’s support for an agreement between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, saying, however, such an agreement would be meaningless without an internal understanding inside the organization.
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Zangeneh Leaving Tehran to Attend OPEC Meeting in Vienna
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh will leave Tehran for Vienna within hours to attend the 176th meeting of the Organization of the Petroleum Exporting Countries (OPEC).
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Iran Oil Refining Capacity to Reach 2.4 mbd by March
TEHRAN (Shana) -- Plans are under way to bring Iran’s oil refining capacity to 2.4 million barrels per day by the end of the current Iranian calendar year to March 20, 2020.