• Zangeneh: Sanctions Didn’t Halt Our Projects

    Zangeneh: Sanctions Didn’t Halt Our Projects

    TEHRAN (Shana) -- Iran’s President Hassan Rouhani inaugurated the installation of the first jacket of Phase 11 of the massive South Pars gas field.

  • Potential for Mansouri & Salman Development

    Potential for Mansouri & Salman Development

    TEHRAN (Shana) -- Iran hopes to bring its oil output to over 5 mb/d under its 20-year vision plan through investing in ageing fields. Some of oil fields in Iran are already mature. Their oil has partly been recovered, but cutting edge technologies are needed to extract the remaining oil.

  • Iran Gas Sector Braces for Fast Development

    Iran Gas Sector Braces for Fast Development

    TEHRAN (Shana) -- Iran’s gas industry development has over the past six years seen daily growing development with the focus having been on recovery from the giant South Pars gas field. Development of gas industry is racing ahead in both upstream and downstream sectors. Iran’s gas industry train has been overcoming all restrictions in order to reach the final destination, which is maximum recovery from joint fields and replacement of gas with petroleum products. The gas industry hopes to connect all cities, as well as all villages with more than 20 households to the national gas network. In addition to maximum recovery from joint gas fields, processing the already recovered gas would be also instrumental in order to avoid any halt in the development operations.

  • Potential for Mansouri & Salman Development

    Potential for Mansouri & Salman Development

    TEHRAN (Shana) -- Iran hopes to bring its oil output to over 5 mb/d under its 20-year vision plan through investing in ageing fields. Some of oil fields in Iran are already mature. Their oil has partly been recovered, but cutting edge technologies are needed to extract the remaining oil.

  • Oil Market Black Monday

    Oil Market Black Monday

    TEHRAN (Shana) -- The novel coronavirus drastically changed the consumption patterns of hydrocarbon products across the globe. Many regular consumers of oil products such as gasoline or jet fuel were no longer willing to buy them. Everyone ranging from big buyers to car owners have been affected. Oil products’ consumption has significantly declined and the refining industry has faced serious stagnation due to weakened demand. However, the impact on various sectors of the refining industry was not identical.

  • Doroud, Arvand Oil Fields Up for Investment

    Doroud, Arvand Oil Fields Up for Investment

    TEHRAN (Shana) -- The Doroud oil field, which is located in Kharg Island and northwest of the Persian Gulf, is among developed oil fields which the Iranian Offshore Oil Company (IOOC) presented to foreign investors within the framework of the new model of oil contracts – the Iran Petroleum Contract (IPC).

  • Complex Oil Show

    Iran Pahlavi I Petroleum Industry

    Complex Oil Show

    TEHRAN (Shana) -- The D’Arcy Concession was awarded in 1901 when the Qajar dynasty was drawing to a close. Iran’s petroleum industry was born during the Qajar period. When in 1907 D’Arcy discovered oil in Persia amid conflict for the conquest of Tehran, the Pahlavis were not yet known. However, ten years later, the British found Iran’s politics much different from before and they continued to devour Persian petroleum.

  • Oil for Our Nation

    Oil for Our Nation

    TEHRAN (Shana) -- Everything initiated when a national demand was brought up in parliament. Some 15 years had passed since the 1933 agreement. World War II (WWII) had come to an end and triumphant Allies were letting the US take over politics and economy. Britain, France and their European allies felt exhausted due to the war with German Nazism and Italian Fascism. Now, it was the US who wanted to fish in troubled waters caused by WWII. Under such circumstances, nationalists and independent movements in Iran found the chance to breathe fresh air and they focused on the petroleum industry.

  • NIOC 1398 Review

    NIOC 1398 Review

    TEHRAN (Shana) -- Iran’s petroleum industry went through a tough and breathtaking period in the calendar year 1398 (ended March 19) as the United States tightened its sanctions on this sector. However, the developments of Iran’s last calendar year show that the country has managed to go ahead with its capacity building projects with a view to maximizing its output once the sanctions have been lifted. That is exactly what happened after Iran struck its historic 2015 nuclear deal with six world powers as the country immediately lifted its oil output capacity.  

  • Darquain-3 Up for Investment

    Darquain-3 Up for Investment

    TEHRAN (Shana) -- West Karoun is now known to Iranians. This border area is expected to form Iran’s oil civilization. According to plans, Iran intends to increase output from the 11 oil fields located in West Karoun by 1 mb/d within four years. The Darquain field will have a 200,000 b/d share in the above figure. Darquain which lies in Khuzestan Province is 45 kilometers north of the city of Khorramshahr and 100 kilometers south of the oil-rich city of Ahvaz. The field is expected to see its output exceed 220,000 b/d once phase 3 development is fulfilled.

  • Why Namavaran Discovery Is a Breakthrough

    Why Namavaran Discovery Is a Breakthrough

    TEHRAN (Shana) -- Iran’s President Hassan Rouhani, during a provincial tour of Yazd in October, said the country’s second largest oil reservoir had been discovered. Iran’s Petroleum Minister Bijan Zangeneh said the reservoir, named Namavaran, held 22 billion barrels of oil in place, 2.2 billion barrels of which would be recoverable.

  • Iran Petroleum Ministry Focuses on Startups

    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.

  • Modern Technologies, Oil Industry Development Pulse

    Modern Technologies, Oil Industry Development Pulse

    TEHRAN (Shana) -- The Reservoir Management and Field Development Division of the Research Institute of Petroleum Industry (RIPI) is a dynamic specialized and scientific center seeking to bring about new changes in the upstream petroleum industry based on modern technologies and latest scientific achievements.

  • Oil in Abadan and MIS

    Oil in Abadan and MIS

    TEHRAN (Shana) -- Masjed Soleiman (MIS) and Abadan were the most known socio-engineering examples of the operation of a British company in Iran. These two cities were established in the Third World Iran in the form of modern colonies. The necessity of establishment of such cities following the discovery of oil in the region, their general shape and division of localities, form of houses and districts and the Anglo-Persian Oil Company (APOC)’s authority over these cities are among important points to be taken into consideration.

  • $16bn Investment Needed in North Pars

    $16bn Investment Needed in North Pars

    Some 120 kilometers southeast of Bushehr Province lies the North Pars gas field. The offshore field is 3,500 meters deep underground, and is estimated to hold 57 tcf of gas.