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189th OPEC Conference to take place on Tuesday
SHANA (Tehran) - The 189th (Ordinary) Meeting of the OPEC Conference will take place on Tuesday, 10 December 2024, via videoconference, under the presidency of HE Marcel Abeke, Minister of Petroleum, and President of the Conference for 2024.
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Virtual meeting held on sidelines of 38th OPEC+ Meeting
SHANA (Tehran) - OPEC plus countries Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, which previously announced additional voluntary adjustments in April 2023 and November 2023 held a virtual meeting on the sideline of the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM).
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38th OPEC+ Ministerial Meeting Concludes
SHANA (Tehran) - In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, and to provide long-term guidance and transparency for the market, and in line with the approach of being precautious, proactive, and pre-emptive, which has been consistently adopted by OPEC and non-OPEC Participating Countries in the Declaration of Cooperation, the Participating Countries decided to:
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Daily processing of 820,000 barrels targeted for West Karoun Oil Fields
SHANA (Tehran) - The CEO of the Petroleum Engineering and Development Company (PEDEC) announced a target to increase daily oil processing capacity to 820,000 barrels in West Karoun Oil Fields.
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Iran Invites Kuwait to Negotiations Table on Arash Gas Field
SHANA (Tehran) - Iranian Foreign Affairs Ministry spokesman, Naser Kanaani, recommended the neighboring country Kuwait to start expertise and technical talks with Tehran on the Arash gas field.
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79 Oil Industry Projects Coming Online This Year, Owji
SHANA (Tehran) - Over the last Iranian calendar year of 1402, ended 19 March 2024, petrochemical production capacity surged by 5 million tons while oil and gas sectors grew by 20 percent, Iranian Minister of Petroleum, Javad Owji, said.
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Petroleum Ministry at The Top of First-Time Production Activities
SHANA (Tehran) - Iran’s Vice-President for Scientific, Technology and Knowledge-Based Economy, Ruhollah Dehghani Firouzabadi, says that the Petroleum Ministry has won the first rank for the first-time production of strategic goods.
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800 Million Euros Allocated To IOOC’s Installations Renovation, CEO
SHANA (Tehran) - With the assistance of NIOC’s board of directors and allocation of 800 million euros during the past 2.5 years of the 13th administration in office, the Iranian Offshore Oil Company (IOOC) has been able to take appropriate steps to renovate its installations.
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Transit of Iranian Gas to Eastern Europe through Turkey Possible: Official
SHANA (Tehran) - Turkey is interested in buying more gas from Iran, said the director general of the Mediterranean and Eastern Europe department of the Foreign Ministry, adding that transit of Iranian gas to Eastern Europe through Turkey is possible.
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We Look Neither Negotiations nor Foreign Companies to Develop Oil Industry
SHANA (Tehran) - Since the 13th administration took office 2.5 years ago, we have waited neither for foreign companies nor negotiations to provide our needs to goods but have been looking for meeting our needs at home, Iranian Minister of Petroleum, Javad Owji said.
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Iran Offers Establishment of Energy Corridor From Russia to Persian Gulf
SHANA (Tehran) - Mojtaba Damirchilou, the secretary-general of the Eurasian Department at the Ministry of Foreign Affairs proposed the establishment of an energy corridor from Russia passing through Iran to the Persian Gulf on Saturday.
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Contracts Worth Over $1.1b Signed on Oil Industry Development
SHANA (Tehran) - The Ministry of Petroleum, the National Iranian Oil Company (NIOC) and the Iran Vice-Presidency for Science, Technology and Knowledge Based Economy Affairs signed 15 pacts with a total value of over $1.1 billion with Iranian companies in Tehran on Saturday.
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Iran, Turkmenistan Ready to Join Hands on Gas Industry
SHANA (Tehran) - Deputy Chairman of the Turkmengas State Concern Murad Archaev on Saturday highlighted the importance of bilateral cooperation with Iran in the gas industry, saying that the export of techno-engineering services as well as gas swap as two important topics in the field collaboration.
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IGEDC Registers a New Record
SHANA (Tehran) - Iranian Gas Engineering and Development Company (IGEDC) has set a new record by launching 6 gas pressure boosting stations in just one year.
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NTBFs Help Iranian Gas Industry to Become Self-Sufficient: NIGC
SHANA (Tehran) - With the efforts made by the new technology-based firms (NTBFs), the Iranian gas industry has gained self-sufficiency as all required products are now being produced at home, announced Managing Director of National Iranian Gas Company (NIGC) Majid Chegeni.
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Number of Exploration Drilling Rigs to Increase Fivefold
SHANA (Tehran) - Nine oil and gas fields were discovered in the tenure of the 13th Administration, announced Mehdi Fakour, director of exploration at National Iranian Oil Company (NIOC) on Friday, adding that the number of exploration drilling rigs of his company will increase to 10 from two rigs in August 2021.
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Investment Opportunities of $19b Up for Grabs in Iran’s Refining Industries
SHANA (Tehran) - The National Iranian Oil Refining and Distribution Company (NIORDC) managing director announced on Friday that investment opportunities valued at $19 billion are ready for investors in Iranian refining industries.
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Yemen Keen on Expansion of Energy Ties with Iran
SHANA (Tehran) - Yemen’s Ambassador to Tehran Ibrahim Mohammed al-Dailami called for expansion of energy cooperation between his country and Iran along with the exchange of scientific and technical oil data.
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Investment In South Pars Gas Field Vital, POGC Manager
SHANA (Tehran) - Managing director of the Pars Oil and Gas Company (POGC), Mohammadhosain Motejali, has said that giant South Pars gas field provides 70 percent of domestic needs to natural gas, which is the reason behind the importance of pouring money in development of the field.
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Iran Invests $6.5b in Oil Industry Upstream Sector
SHANA (Tehran) -- Some 6.5 billion dollars were invested in oil industry’s upstream sector on average per year under the incumbent administration, managing Director of National Iranian Oil Company (NIOC) said here on Friday.
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Crude Extraction of Iran Up by 70% in 2.5 Years: NIOC
SHANA (Tehran) - Iran’s crude oil production has increased by 70 percent in about 2.5 years in the 13th Administration which took office in August 2021, announced Mohsen Khojastehmehr, the CEO of the National Iranian Oil Company (NIOC) on Thursday.
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GECF Invites Iranian Gas Industry To Hold Workshop On Indigenous Production
SHANA (Tehran) - Secretary General of the Gas Exporting Countries Forum (GECF) Mohamed Hamel invited the experts of the National Iranian Gas Company (NIGC) to hold a specialized training workshop on the indigenous production as the company is experienced in the field.
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Iran Oil Industry Has Progressed Technologically Despite Sanctions: GECF Sec. Gen.
SHANA (Tehran) -- Iran’s oil industry has made advancements in technology despite sanctions, said the secretary general of the Gas Exporting Countries Forum (GECF) here on Wednesday.
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Iran Is A Major Oil Producing Country Despite Sanctions: Mexican Ambassador
SHANA (Tehran) -- The United Mexican States' Ambassador to the Islamic Republic of Iran Guillermo Alejandro Puente Ordorica said on Wednesday that despite the sanctions, Iran is one of the important oil producing countries in the region.
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Iran Oil Show 2024 kicks off in Tehran
SHANA (Tehran) -- The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2024), kicked off on Wednesday (May 8, 2024) in Tehran, having the motto "Petroleum industry, production leap and technological optimization".
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Oil Sector Growth Hit 20 Percent Last Year, Minister of Petroleum
SHANA (Tehran) - Iranian minister of petroleum, Javad Owji, says oil and gas sectors could achieve 20 percent growth the last Iranian calendar year of 1402 by relying on domestic knowledge-based companies’ capabilities.
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Owji Announces 60% Rise in Crude Production in 2.5 Years
SHANA (Tehran) -- Iranian Minister of Petroleum Javad Owji said on Wednesday the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2024) is a good opportunity to showcase the great achievements of his ministry in recent 2.5 years in the 13th government which took office in August 2021.
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Updated Methods of Repair Is a Requirement
SHANA (Tehran) - We should distance ourselves from traditional repairing methods in gas processing plants and replace them with new and updated ones.
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Domestically-Manufacturing Rises By 85 Percent
SHANA (Tehran) - While the country is under sanctions, Petroleum Ministry has sought to support domestically-manufacturing in order to meet oil industry needs to equipment.
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Abadan Oil Refinery the Main Contributor to Removing Imbalances
SHANA (Tehran) - Managing director of Abadan oil refinery Hakim Ghayem, reported of 317 million dollars profit during the last Iranian calendar year due to acceptable performance of the refinery.