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Ferdowsi, Mideast Largest Heavy Oil Field
TEHRAN (Shana) -- The Ferdowsi oil field in the Persian Gulf is among the Middle East reservoirs with about 37 billion barrels of heavy crude oil.
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Changuleh Oil Field Up for Investment
TEHRAN (Shana) -- The Changuleh oil field, which is located in western Iran, is among fields envisaged by National Iranian Oil Company (NIOC) for development. After the new model of oil contracts, known as the Iran Petroleum Contract (IPC), was unveiled, Changuleh was among oil fields introduced for foreign investment. NIOC plans to develop Changuleh in two phases.
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Project to Enhance Sa’adat Abad Oilfield Commences
TEHRAN (Shana) – A project to maintain and enhance oil production at Sa’adat Abad oil field has begun with the aim of increasing the field’s crude oil output by 3,000 b/d.
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US to Fail in Stopping Iran Oil Exports: Veep
TEHRAN (Shana) -- First Vice President Eshaq Jahangiri said: “Despite the fact that the country’s revenues and budget have been influenced by US sanctions, Washington’s efforts to bring Iran’s oil exports to zero will not be a success.”
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AOGPC Builds Key Turbine Item Domestically
TEHRAN (Shana) -- The CEO of Aghajari Oil and Gas Production Company (AOGPC) said his company had developed parts of a Solar Turbines turbine which had saved the country IRR 100 billion.
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Iran Gas Sector Set for Self-Reliance in Shadow of Sanctions
TEHRAN (Shana) -- Today a major requirement for survival in the tightly competitive market and the blossoming of an industrial enterprise would be to monitor industrial and technological progress, market and rivals as well as development of technology based on potential and practical capabilities of every company. Given the identity of each industrial enterprise, part of these activities is handled by R&D and IT divisions.
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Iran Petrol Output at 110 ml/d
TEHRAN (Shana) -- Iranian President Hassan Rouhani said Iran was currently producing 110 million tons of petrol domestically which is an unprecedented figure for the country.
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Iran to Continue Oil Exports Under Any Conditions: FM
TEHRAN (Shana) – Iranian Minister of Foreign Affairs Javad Zarif said the country would continue its oil exports under any conditions.
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Domestic Building of 4 South Pars Platforms Saves Iran $150m
TEHRAN (Shana) – Iran has saved as much as 150 million dollars by domestically manufacturing 4 platforms belonging to the massive South Pars gas field.
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NIOC to Ink 10 Domestic Deals on Production Maintenance, Enhancement
TEHRAN (Shana) – An official with the National Iranian Oil Company (NIOC) said the company was planning to sign ten production maintenance and enhancement contracts with domestic firms within the next two months.
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Strategies for Presence of Iranian Companies in Iraqi Oil Projects Reviewed
TEHRAN (Shana) -- A number of the heads of industrial chambers in different Iraqi cities, who had visited Tehran to explore cooperation opportunities of Iranian and Iraqi companies, assessed various solutions for the effective entry of Iranian companies in Iraqi oil and gas projects.
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3rd South Pars 14 Platform Installed
TEHRAN (Shana) -- The third offshore platform belonging to Phase 14 of the supergiant South Pars gas field has been successfully installed.
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Iran Oil Export Info, War Intelligence: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said disclosing information about Iran’s current oil exports is tantamount to disclosing wartime intelligence as the country is now involved in an economic war.
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Iran NOCs Entrust Comprehensive Studies of Oil Reservoirs to Local Firms
TEHRAN (Shana) -- This May, during the International Tehran Oil Show, the National Iranian South Oil Company (NISOC), among other Iranian oil companies, signed a contract for comprehensive studies on six oil fields.
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Tehran Continues Legal, Political Measures until Release of Iranian Tanker: Spokesman
TEHRAN (Shana) – Spokesman of the Iranian Ministry of Foreign Affairs Abbas Mousavi said Tehran would continue legal and political measures until the release of the Iranian oil tanker seized by British Marines.
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Iran no Threat to World Energy Security: Min.
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh, reacting to Saudi energy minister’s recent remarks about Iran being a threat to global energy security, said: “Mr. Falih is a technocrat and a respectable person and does not often speak politically; he must have probably been asked to say such political things.”
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No Law Supports Seizure of Iran Oil Tanker by British Navy: Official
TEHRAN (Shana) -- Iran's Deputy Foreign Minister Abbas Araghchi described the recent capture of an Iran-flagged vessel by British Royal Marines as “Piracy”, saying, “No law supports capture of the Iranian oil tanker.”
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SZOGPC Repairs Siemens Turbine
TEHRAN (Shana) – South Zagros Oil and Gas Production Company (SZOGPC) has successfully repaired the VGC Controller of a Siemens turbine by relying on domestic capabilities.
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NIOC to Sell 2 mb of Crude Oil at Energy Exchange on July 9
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on July 9.
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Topside of Salman Offshore Fields being Readied for Loading
TEHRAN (Shana) – The topside of Platform S1 of Salaman joint oilfield is being prepared for laoding to its designated offshore spot in the Persian Gulf.
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OPEC Ministers Agree to Extend Output Cut Deal
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran approved of an OPEC statement to extend the OPEC+ agreement to cut the group's total output by 1,200,000 bpd as well as the OPEC-non-OPEC Cooperation Charter.
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Iran Exempted from OPEC Output Cut Deal Again
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country was exempted from an agreement among OPEC members to continue capping the producer body’s crude oil output by 0.8 mbd.
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OPEC+ Cooperation Charter not Contradictory to General Provisions of OPEC Statute
VIENNA (Shana) – 13 OPEC member states added a paragraph to the OPEC-non-OPEC Cooperation Charter in the organization’s 176th meeting to get the approval of Iran which had seriously opposed the charter.
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OPEC Extends Output Cut Deal to 2020
VIENNA (Shana) – 14 Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to extend the producer body’s 800,000 b/d crude oil output cut deal for the next nine months to 2020.
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Agreeing on OPEC-non-OPEC Cooperation Prolongs Meeting
VIENNA (Shana) -- "Assessing how to institutionalize OPEC and non-OPEC cooperation" is the main reason for the prolonged meeting of the OPEC ministerial meeting behind closed doors. This issue which has been considered by experts over the past several months still has ambiguities that have caused the Iranian petroleum minister to be the serious and main opposer of this plan," sources said.
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OPEC Existence main Concern for Iran: Zangeneh
VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh told reporters ahead of the 176th OPEC meeting in Vienna that the existence of the Organization of the Petroleum Exporting Countries (OPEC) was the main issue for Iran in the meeting.
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Zangeneh Meets with OPEC President in Vienna
VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh met with the OPEC President Manuel Quevedo, who is also Venezuelan Oil Minister, in Vienna ahead of the organization’s 176th Meeting later on Monday.
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Hendijan Platforms almost Complete
TEHRAN (Shana) – Construction of platforms 7 and 8 of Hendijan offshore oilfield has made 90 percent progress.
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NIDC Drills 28 Oil Wells in Q1
TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) successfully spudded 28 oil and gas wells over the first three months of the current calendar year, which began on March 21.
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Iran Complying with Paris Agreement
TEHRAN (Shana) -- With the implementation of output quality improvement projects in Iran’s refineries and the production of Euro-4 gasoline, Iran has taken effective measures in compliance with the Paris Agreement which came into effect in December 2015.