-
Oil minister: Iran to start importing Turkmen gas in June
SHANA (Tehran) – Iran’s oil minister on Tuesday said a gas contract will be signed with Turkmenistan soon and imports will begin in June.
-
Al Ghais says OPEC will welcome back Iran’s full return to market when sanctions lifted
OPEC Secretary General, His Excellency Haitham Al Ghais, said that the OPEC family welcomes back the full return of Iran’s oil production to the oil market, once the sanctions against its oil sector are lifted, HE Al Ghais was talking in an exclusive interview with the Iranian SHANA news agency and Iran Petroleum monthly.
-
Oil minister accompanying Raeisi arrives in Damascus
SHANA (Tehran) -- Iran's President Seyyed Ebrahim Raeisi accompanied by some ministers, including Oil Minister Javad Owji, arrived in Damascus on Wednesday.
-
IIES head: Iran-Saudi rapprochement contribution to economic, energy sectors a must
SHANA (Tehran) – The head of Iran’s Institute for International Energy Studies (IIES) put great emphasis on contribution of recent political and security agreement between Tehran and Riyadh to economic and energy sectors.
-
Iran’s former official at OPEC:
Tehran, Riyadh expected to seize opportunity to boost ties in oil, gas sectors
SHANA (Tehran) – Former OPEC affairs head of the the Iranian Ministry of Petroleum here on Saturday said Tehran and Riyadh are expected to seize the opportunity created after their rapprochement and develop their relations, particularly in oil and gas sectors.
-
Senior expert in energy economics:
Iran-Saudi agreement most important geopolitical event in Middle East
SHANA (Tehran) – A senior expert in energy economics described the March 12 agreement between Iran and Saudi Arabia [on the restoration of diplomatic relations] as the most important event in the Middle East in recent years and the most effective development for OPEC and global oil market in 2023.
-
Minister: Abadan petro-refinery with 210,000 bpd production capacity to come on stream within days
SHANA (Tehran) – A petro-refinery in Abadan, southwestern Iran, having a production capacity of 210,000 barrels per day (bpd) will become operational within days, said Oil Minister Javad Owji here on Wednesday.
-
Second-stage contracts signed to revive Iran low-yield wells by using homegrown tech
SHANA (Tehran) – The second stage of reviving Iran’s low-yield wells got the go-ahead, as the Petroleum Industry Innotech Park head representing the National Iranian Oil Company and the representative of four knowledge-based companies inked the contracts here on Tuesday.
-
CBI: Oil and gas sector posts highest industrial growth in autumn
SHANA (Tehran) – The latest report of the Central Bank of Iran (CBI) showed that the country’s oil and sector witnessed the highest economic growth in autumn and the first nine months of the current Iranian calendar year 1401, which started on March 21, 2022.
-
Oil, condensate CDs worth $6m traded in IRENEX on first day
SHANA (Tehran) – The managing director of Iran Energy Exchange (IRENEX) here on Monday announced that the first-day transactions of certificates of deposit (CDs) of crude oil and gas condensates were valued at some six million dollars.
-
Minister: Oil, condensate prices offered in IRENEX same for domestic, foreign purchasers
TEHRAN (Shana) – Oil Minister Javad Owji here on Sunday announced that the prices of crude oil and gas condensates sold to foreign clients in Iran Energy Exchange (IRENEX) within a certain time are also offered to domestic purchasers.
-
West African delegation visits Pars Special Economic Energy Zone
TEHRAN (Shana) – A high-ranking trade delegation from West Africa paid a visit to Pars Special Economic Energy Zone (PSEEZ).
-
Iran starts offering oil, gas condensate certificates of deposit
TEHRAN (Shana) – Transactions of crude oil and gas condensate certificates of deposit in Iran Energy Exchange (IRENEX) started here on Sunday.
-
On the sidelines of Iran Oil Show:
Iran-Russia commission to hold B2B meetings in May
TEHRAN (Shana) – Iran-Russia Joint Economic Commission will hold business-to-business (B2B) meetings here in May.
-
Owji talks of good deals with China, record sour gas output, SP Phase 11 launch
TEHRAN (Shana) – Iran’s oil minister on Saturday talked of good agreements with giant Chinese companies, record annual production of sour gas, and launch of Phase 11 of South Pars (SP) gas field.
-
Iran’s exploration chief: Seismographic surveys ‘unprecedented’ in 20 years
TEHRAN (Shana) – The exploration director of the National Iranian Oil Company (NIOC) said seismographic operations reached an “unprecedented” level in over a one-year period when compared with those in the past 20 years.
-
West African delegation visits Oil and Gas Industry Innovation and Technology Park
TEHRAN (Shana) – A high-ranking trade delegation from West Africa paid a visit to Iran’s Oil and Gas Industry Innovation and Technology Park.
-
NIOC official: Iran to stun world with exploration know-how
TEHRAN (Shana) – Iran will soon astonish the world by displaying its exploration expertise, vowed a National Iranian Oil Company (NIOC) official here on Tuesday.
-
Inauguration of Most Iranian South Pars Phase, Soon
TEHRAN (Shana) -- A spokesman for the administration said that during the president’s visit to Bushehr, Phase 14 of South Pars Joint Gas Field, touted as the most-Iranian-made phase of the massive field, would be officially inaugurated.
-
3 Oil Field Development Projects Due Soon
TEHRAN (Shana) -- National Iranian South Oil Company (NISOC)’s plan to develop 28 reservoirs, with the focus being on output preservation and enhancement, is accelerating. Ali Reza Daneshi, CEO of NISOC, said that obstacles in the way of development of the 28 reservoirs, including contractors’ supply of commodities and payment issue, have been taken into consideration. He expressed hope that the Nargesi, Kaboud and Lali Asmari fields would have been developed by March 2023.
-
Transition to New Order in Oil Market?
TEHRAN (Shana) -- The Iranian Petroleum Ministry’s Directorate of OPEC and Int’l Energy Fora has analyzed the oil market to conclude that last year’s developments gave rise to a new tug-of-war, which will soon result in a new balance of forces. In the new order envisaged for the oil market, Western governments will see their monopoly decline on the oil market which would turn into a regional market with a lower level of integration. However, the trans-Atlantic energy market between North America and Europe is projected to show further integration.
-
2022 Oil Market Review and 2023 Forecast
TEHRAN (Shana) -- As the international oil market warms up for 2023 let’s take a look at major events that had immense impact on the world oil markets in 2022. The global energy market was just done with Pandemic that hit demand in early 2020 jeopardizing the supply chain most severely. Producing countries need to be praised and acknowledged for the wonderful job of adjusting skillfully with the demand destruction leading to a swift balance in the market. However, early in 2022 the international oil and energy market was confronted with a severe blow when the Russian conflict with Ukraine broke out on 24 February 2022.
-
Jask Oil Terminal Guarantees Continued Oil Exports: Official
TEHRAN (Shana) -- The head of the Iran Oil Terminals Company (IOTC) said: “Jask Oil Terminal, as a national and strategic project under the management of the administration and the leadership of the National Iranian Oil Company (NIOC) in the Sea of Oman, guarantees the continuation of crude oil exports, decentralization in the field of oil exports, and increased bargaining power and job creation.”
-
Tehran, Beijing Cooperation Favorable for Future of Iran
TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Parliament said: “Today, the economic cooperation between Iran and China is more coherent than ever, and the recent visit of the president to this country can bring good results for Iran.”
-
Petchems, Refineries Offering hard Currency Earnings on ICE
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said all foreign currency obtained from the export of petrochemical and refining companies will be offered in the Iran Center of Exchange (ICE).
-
Iran Can be Supplier of China's Energy Demand: Expert
TEHRAN (Shana) -- An expert on energy issues said since the driving engine of China's economy is the energy sector and Iran also has stable sources of energy, the latter could easily meet China's needs.
-
Iran, China Forming Mutual Dependence: Expert
TEHRAN (Shana) -- The head of the Institute of International Energy Studies (IIES) stated that the relations between Iran and China are getting stronger, and said: “The Chinese have always maintained their relationship with our country despite the imposition of sanctions against Iran.”
-
Iran, China Economy could complement each other: Ex-Official
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC) emphasized that the economy of Iran and China can complement each other and meet many of each other's needs.
-
Iran, Turkmenistan Discuss Energy Deals
TEHRAN (Shana) -- The Iranian delegation attended separate meetings with the managers of Turkmengas, Turkmenneft and Turkmenchemistry companies on the second day of Iran's exclusive exhibition in Turkmenistan.
-
NIOC, Sinopec in talks for Phase-2 of Yadavaran Oilfield
TEHRAN (Shana) -- The director of investment and business of the National Iranian Oil Company (NIOC), emphasizing that the 13th administration, unlike the previous administration, has a strategic view of old partners such as China and Russia, stated: “Since the beginning of the 13th admonition, regular negotiations have been held with China's Sinopec Company regarding the second phase development of Yadavaran field.