-
NPC To Accelerate Collecting Associated Gases
SHANA (Tehran)- The process of gathering associated gases will accelerate this year so that the majority of petrochemical complexes' gas flares will be turned off at the end of the current Iranian calendar year on March 20 2025.
-
We Are Ready to Help Sri Lanka with Know-How, Raisie
SHANA (Tehran) - The Islamic Republic of Iran is ready to play a great role in Sri Lanka’s economic growth by making available its technical and engineering services.
-
Oil Sector Leads Economic Growth
SHANA (Tehran) - Last year’s rising rate of economic growth was the result of considerable achievements in the oil sector.
-
Iran’s High-Ranking Delegation Left Pakistan for Sri Lanka
SHANA (Tehran) – At the head of a high-ranking delegation, including the Minister of Petroleum Jawad Owji, the Iranian president headed toward Sri Lanka early this morning.
-
Oil Sector Attracts 41 Percent Of Total Foreign Investment
SHANA (Tehran): Since taking office in August 2021, the 13th administration has been able to attract 11.6 billion dollars of foreign investment of which 4.8 billion dollars have been allocated to the oil and gas mega projects.
-
Collecting Seismic Data Contract Signed
SHANA (Tehran) – TENCO will implement 2-dimensional and 3-dimensional seismic operations in the north and northwestern of Iran over a two years period based on a contract signed on Tuesday, April 16.
-
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.”