Shana

OPEC+ Agrees to Continue with Existing Output Increase for Jan.

TEHRAN (SHANA) -- The Organization of the Petroleum Exporting Countries and its allies reached a compromise on Thursday on continuing with the current agreement, increasing their crude oil output by 400,000 bpd for January.

23rd OPEC+ Meeting Opens

TEHRAN (Shana) -- The 23rd meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) began a few minutes ago via videoconference.

Owji: OPEC’s New Secretary General to be Elected by Next Month

TEHRAN (SHANA) – The new secretary general of the Organization of the Petroleum Exporting Countries (OPEC) will be elected by next month, Iranian Minister of Petroleum, Javad Owji, said on Wednesday after the 182nd Meeting of the OPEC Conference.

182nd OPEC Meeting Kicks Off

TEHRAN (Shana) -- The 182nd meeting of the Organization of the Petroleum Exporting Countries (OPEC) began a few minutes ago in the presence of the Ministers of Oil and Energy of the organization via video conference.

Iran Oil Sales Dramatically Higher than Last Year

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "The amount of oil sales has increased dramatically compared to last year."

Gas Swap Deal Curbs Iran Sanctionability: Expert

TEHRAN (Shana) – An economist says that the Turkmen gas swap agreement with Azerbaijan from Iran would reduce Iran's ability to be targeted by sanctions.

MOP Boosting Iran Leverage in Vienna Talks

TEHRAN (Shana) -- The caretaker of the Institute for International Energy Studies believes that the signing of the Turkmen gas swap agreement with Azerbaijan from Iran will increase the power of the latter’s diplomacy in the Vienna talks.

Gas Swaps of Iran, Turkmenistan, Azerbaijan Helpful to Stabilize Gas Network: NIGC

TEHRAN (Shana) -- The CEO of the National Iranian Gas Company (NIGC) underlined the economic importance of the gas swap between Iran, Turkmenistan and Azerbaijan, and said: "This agreement will help stabilize the gas network in the north and northeast of Iran."

Iran to Swap 2 bcm of Gas Annually

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said based on a newly-signed swap agreement with Turkmenistan and Azerbaijan, Iran will receive approximately 1.5 to 2 billion cubic meters of gas annually from Turkmenistan and the Sarakhs region and deliver it from Astara to Azerbaijan.

Transit, Gas Dispute with Turkmenistan Resolved: Raisi

TEHRAN (Shana) – Iranian President Ebrahim Raisi said: “The highlight of the meeting with the President of Turkmenistan was the development of economic relations and settlement of the transit and gas dispute, which was resolved.”

Three-Way Gas Swap Contract to Be Operational by Winter: Owji

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced the implementation of the tripartite gas swap agreement from Turkmenistan to Azerbaijan through Iran as of the beginning of winter.

Iran, Turkmenistan, Azerbaijan Strike Gas Swap Deal

TEHRAN (Shana) – A three-way agreement on gas swaps from Turkmenistan to the Republic of Azerbaijan from the territory of the Islamic Republic of Iran was signed in the presence of the Presidents of the Republic of Iran and the Republic of Azerbaijan on Sunday.

Iran Starts Appraisal of Areas outside South Pars Phases for Hydrocarbons

TEHRAN (Shana) -- The director of oil and gas engineering of Pars Oil and Gas Company said with the start of drilling an extension appraisal well in the northern part of the South Pars gas field, evaluation of the potential capacity of the areas outside the current blocks of the field entered the implementation phase.

Transformers Fajr Jam Refinery Repaired

TEHRAN (Shana) -- The CEO of Fajr Jam Gas Refining Company said the electrical repair unit of the company succeeded in rebuilding and operating its 715 transformer, which had an accident.

President:

Iran Ready to Develop Oil, Gas Courses for ECO Members

TEHRAN (Shana) – Iranian President Ebrahim Raisi said: “The Islamic Republic of Iran is ready to develop oil and gas training programs for ECO member countries.”

New Record in Daily Gas Transmission

TEHRAN (Shana) -- The CEO of Iran Gas Transmission Company said the company has set a new record by transferring over 800 million cubic meters of gas in one day.

85% of Oil, Gas, Petchem Equipment Locally Manufactured

TEHRAN (Shana) -- The chairman of the board of directors of the Association of Oil Industry Equipment Manufacturers said 40% of the manufacturing capacity of the association is empty, adding: “Currently, 85% of oil, gas and petrochemical equipment is produced inside the country.”

UPDATED--NIOC not waiting for Foreigners

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the company would welcome the arrival of foreign investment, saying: "If for any reason foreign investment is not materialized, different scenarios are on the table and we will not keep waiting for them."

NIDC Drills 46 Oil, Gas Wells in 8 Months

TEHRAN (Shana) -- The Deputy CEO of the National Iranian Drilling Company (NIDC) announced the drilling and completion of 46 oil and gas wells in the onshore and offshore oil-rich regions of the country in the first eight months of the current Iranian calendar year which began on March 21.

NPC CEO Appointed

TEHRAN (Shana) -- The Minister of Petroleum appointed Morteza Shahmirzaei as Deputy Minister and CEO of the National Petrochemical Company.

Iran Gas Consumption Exceeds 700mcm

TEHRAN (Shana) – Iran’s gas consumption has exceeded 700 million cubic meters in the past 24 hours, said the dispatching director of the National Iranian Gas Company.

Iran Eyes More Oil Sales in Coming Months

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "In the coming months, more success will be achieved in the export of crude oil and gas condensate."

Financing of Dehloran Petchem Project should Accelerate: Official

TEHRAN (Shana) -- The Chairman of the Board of Directors of the Oil Industry Pension Funds said financing of Dehloran Petrochemical Project should be accelerated so that this project could be put into operation in a reasonable time.

Iran Petrol Consumption Hits 90ml/d

TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) criticized the cessation of development measures in the refining industry during the past years and said: “Completion of development plans for Isfahan and Abadan refineries, construction of a new refinery of 300,000 barrels and development of product transfer and storage industry are among our plans in the new period.”

15th Iran Plast Exhibition to be held from February 7 to 9

TEHRAN (Shana) -- The 15th Iran Plast International Exhibition will be held at the permanent fairgrounds of Tehran from February 7 to 9.

South Pars Gas Condensate Loading Capacity Up

TEHRAN (Shana) -- The operator of phase 19 of South Pars announced the loading of the shipment of one million barrels of gas condensate through the single point mooring (SPM) of phase 19 of South Pars.

Tehran, Baku to Sign New Cooperation Docs

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and the Deputy Prime Minister of the Republic of Azerbaijan announced the signing of new documents on Tehran-Baku cooperation in the oil and gas sector in the near future.

Embassy of the Russian Federation in Tehran:

False News by Western Media Aimed at Damaging Iran-Russia Relations

TEHRAN (Shana) -- The Russian embassy in Tehran has denied reports by certain Western media outlets that the Russian Federation has access to the Caspian Sea gas field.

MOP Boosting Iran Oil Sales: MP

TEHRAN (Shana) -- The spokesman of the Energy Committee of the Islamic Consultative Assembly said: "With the efforts made by the Ministry of Petroleum, we are witnessing an uptick in the sale of oil and products and the return of its resources to the country, which is to be appreciated."

Electrocompressor Gearbox of Tabriz Gas Pressure Boosting Facility Localized

TEHRAN (Shana) -- The CEO of Iran Gas Transmission Company announced the successful repair and testing of the Revolving Planetary Gear module of the electrocompressor gearbox of Tabriz Gas Pressure Boosting Facility for the first time in the country.