oil
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NIOC Inks 8 Oil Deals with Local Firms
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has signed 8 contracts for boosting and maintaining production at Iranian oil fields with domestic companies.
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Democrats, Republicans Both Favor Nord Stream 2 Sanctions
TEHRAN (Shana) -- Amir Alizadeh, the managing director of the Association of Iranian Banks in Europe (AIBE), has said the North Stream 2 gas pipeline would allow Russia to pump 55 bcm of more gas to Europe, specifically to Germany. In an interview, he said that the US imposed sanctions on the project. Alizadeh explained that Democrats and Republicans both favor US sanctions on the Nord Stream gas pipeline.
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Tehran to Host Oil Show in January
TEHRAN (Shana) -- The 25th Iran International Oil, Gas, Refining and Petrochemical Exhibition will be held in Tehran from January 21 to 24.
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Iran Determined to Sell 2.3 mbd Oil
TEHRAN (Shana) –Iranian President Hassan Rouhani said: "The administration is determined to sell 2.3 million barrels of oil and condensate per day next [calendar] year (which begins on March 21), and it has the capacity."
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Iran Bracing for Producing Oil from Azar Joint Field: OIEC CEO
TEHRAN (Shana) -- The CEO of Oil Industries Engineering and Construction (OIEC) Group announced the first phase of Azar join oilfield will become productive soon.
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13th OPEC+ Meeting held via Video-conference
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh attended the 13th ministerial meeting of OPEC+ which took two days for the group to cement a consensus about their crude oil output in February and March 2021.
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Iran Raises Volume of Estimated Persian Gulf Oil Reserves
TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has carried out fast track comprehensive projects of reservoir studies on four oil fields it operates in the Persian Gulf, ratcheting up estimated oil reserves by more than 740 million barrels.
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IOOC Revives 2 Wells in Salman Oil Field
TEHRAN (Shana) -- Wells No. 62 and 63 of Salman offshore oilfield have come online by the Iranian Offshore Oil Company (IOOC).
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Iran, Armenia Discuss Gas Exports, Barter
TEHRAN (NIPNA) -- The heads of the Iranian and Armenian delegations have held constructive talks on gas exports and extension of a gas-for-electricity barter contract.
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Iran Spends $1b in Petchem Projects in Western Provinces
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country has launched petrochemical projects in the western provinces of Urmia, Ilam and Hamedan which are totally worth a billion dollars in investment.
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Iran, Azerbaijan Oil, Energy Ministers Meet in Tehran
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh hosted a meeting with his Azerbaijani counterpart here in Tehran to discuss oil and energy issues concerning the two neighbors.
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Iran, Russia Stress Need to Deepen Energy Cooperation
MOSCOW (Shana) – Iranian Minister of Petroleum Bijan Zangeneh and the Russian Deputy Prime Minister, Alexander Novak, called for deepening cooperation between the two countries in various fields, especially energy.
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Iran Welcomes Oil Investments by Russian Firms: Min.
MOSCOW (Shana) – Iranian Minister of Petroleum Bijan Zangeneh described Russia as a strategic partner for Iran, voicing Tehran’s willingness to welcome Russian investors in Iran’s oil industry.
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Iran Oil Minister to Visit Moscow on Sunday
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh is to leave Tehran for Moscow on Sunday, December 20, to review the latest developments in the global crude oil markets with Russian officials.
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NIDC Researcher Invents New Cement to Boost Life of Oil Wells
TEHRAN (Shana) – A researcher at the National Iranian Drilling Company (NIDC) succeeded in inventing a new type of cement to increase the useful life of oil and gas wells.
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MOGPC Registers New Polymer Compound
TEHRAN (Shana) -- Maroon Oil and Gas Production Company (MOPGPC) succeeded in making a new two-dimensional polymer from zinc and organic binders from the category of coordination polymers.
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Maroon-Isfahan Pipeline Incident Fully Contained
TEHRAN (Shana) -- The CEO of the Iranian Oil Pipelines and Telecommunication Company (IOPTC) said the fire caused by the crude oil spill in the Maroon pipeline was completely contained and the damaged part of the pipeline was repaired, adding the pipeline would become operational soon.
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2.3 mbd Oil Exports Practical for Iran: President
TEHRAN (Shana) – Iranian President Hassan Rouhani said the achievements of the oil industry in recent years had been significant, and added: "Export of 2.3 million barrels of crude oil per day is practical."
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Iran to Ink Turbine Deal with Local Firm
TEHRAN (NIPNA) – Iranian Minister of Petroleum Bijan Zangeneh said the country was planning to sign a deal with a local firm for manufacturing pressure boosting turbines and compressors for South Pars Phase 11 project.
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Ramping up Iran Oil Exports to 2.3 mbd, Practical: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says the country could build up its crude oil exports to 2.3 million barrels per day, saying: "Boosting oil production is Iran's right and it does not ask for anyone’s permission to do that."
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€500 m Saved in Goreh-Jask Pipeline Construction
TEHRAN (Shana) -- The CEO of the Petroleum Engineering and Development Company said: "Domestic manufacturing of the equipment for the construction of the 1,000-kilometer Goreh-Jask pipeline, which is now 80 percent complete, has saved the country 500 million Euroes in hard currency."
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Building 5 IOOC Offshore Oil Rigs under way in Khorramshahr
TEHRAN (Shana) -- Construction of five offshore platforms of Abuzar, Forouzan and Resalat oil fields operated by the Iranian Offshore Oil Company (IOOC) is under way in Khorramshahr.
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Forging 16-inch Pipes Begins at ICOFC
TEHRAN (Shana) – The Iranian Central Oil Fields Company has started forging 16-inch pipes to transfer sour gas from Dehloran, Danan and Azar fields to the 3100 liquefied gas and gas plant.
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Iran Crude Oil Output, Sales Different next Year: Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said: "The world should receive the message well that the conditions for oil production and sales of the Islamic Republic of Iran will be completely different next year from two years ago, although the sanctions vested interests and despair mongers may not be very happy about this sign."
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6th Meeting of Iran-Austria Energy Working Group Held via Videoconference
TEHRAN (Shana) -- The sixth meeting of the Iran-Austria Energy Working Group under the responsibility of the Iranian Ministry of Petroleum was held on Wednesday, December 9, via video conference.
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MOGPC Halves Gas Flaring in H1
TEHRAN (Shana) -- The CEO of Maroon Oil and Gas Production Company (MOGPC) said his company had managed to reduce combustion of associated petroleum gases in its operations by 50% in the first half of the current Iranian calendar year which began on March 21.
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Iran Ready to Rapidly Ramp up Oil Exports
TEHRAN (Shana) – Iranian President Hassan Rouhani said the country was prepared to rapidly increase its crude oil production capacity to boost exports.
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12th OPEC+ Meeting Kicks off
TEHRAN (Shana) -- The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies began a few minutes ago via video conference.
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Will March 2020 be Repeated?
Troublesome Figures
TEHRAN (Shana) -- Calculation of the baseline and the production base of 11 million barrels for the crude oil output of Russia and Saudi Arabia in the April agreement and the determination of the production baseline in October 2018 for 18 other countries committed to adjusting their output has become troublesome. Some OPEC+ member countries, led by the UAE and Kazakhstan, who endorsed the agreement at the April 12 meeting are now protesting to it.
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Iran Cannot Be Removed from Global Oil Market
TEHRAN (Shana) – An Iranian foreign ministry spokesman said: "Despite the US pressure, Iran will never be excluded from the global oil and gas market.”