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PEDEC CEO Satisfied with Azar Field Development
TEHRAN (Shana) -- The CEO of the Petroleum Engineering and Development Company (PEDEC) expressed satisfaction at completion of the first phase of Azar Field's development project despite all the difficulties and complexities of its reservoir.
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Goreh-Jask Pipeline Project 70% Complete
TEHRAN (Shana) -- The progress of the Goreh-Jask crude oil pipeline has reached nearly 70% and it will probably be operational by the end of this calendar year to March 20.
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Oil Show Reveals Futility of Sanctions: VEEP
TEHRAN (Shana) – First Vice President Eshaq Jahangiri said this year's Iran Oil Show literally proves the ineffectiveness of the sanctions on Iran.
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NISOC Backs Building Seamless Pipes
TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) has supported production of seamless pipes in Iran for the first time.
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RIPI Localizes 20 Drilling Additives
TEHRAN (Shana) -- The Research Institute of Petroleum Industry (RIPI) has manufactured and localized 20 key drilling additives.
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Iran Able to Build 80% of Oil Equipment: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says the country is able to supply 80% of the items and parts used in the petroleum industry.
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Recovery Rate of Soroush Oil Field to Reach 10%
TEHRAN (Shana) -- The head of the Faculty of Oil and Gas Engineering of Sahand University of Technology said with the implementation of the technological development plan of Soroush field, the recovery rate of this field will increase from currently 6% to more than 10%.
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Progress of South Pars Phase 14 Favorable
TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company underlined the favorable progress of South Pars phase 14 project, and said: "According to forecasts, the project's first operational train will become operational early next [calendar] year."
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Iranian Oil Industrialists Welcome Global Activities
TEHRAN (Shana) -- The Deputy CEO of the National Iranian Oil Company (NIOC) for Development and Engineering Affairs said: "We always welcome interaction with the world and Iranian companies welcome interaction and competition with foreign companies and regard it as a factor for growth and better performance."
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Goreh-Jask Oil Pipeline Operational by March: NIOC
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company underlined serious planning by the Iranian Ministry of Petroleum to materialize Goreh-Jask Oil Pipeline, expressing optimism that the projet would come online by the end of the current Iranian calendar year to March 20.
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Zangeneh says Not Worried about Regaining Iran Oil Market Share
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said he did not worry about Iran regaining its oil market share in the wake of eased sanctions on Tehran.
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25th Iran Oil Show Kicks off in Tehran
TEHRAN (Shana) -- The 25th Iran Oil, Gas, Refining and Petrochemical Exhibition started with the motto, "National Oil, Iranian Goods and Services," at the permanent Tehran fairgrounds on Friday morning.
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President:
Part of Iran National Power Gained thru Energy
TEHRAN (Shana) – Iranian President Hassan Rouhani says: "Part of our national power has been gained in the shadow of our energy power and our position in this field.”
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Zangeneh on Iran Oil Exports with Biden as US President:
Let's Wait a Few Days
KHUZESTAN (Shan) -- In response to whether the sale of Iranian oil will be facilitated with the beginning of Joe Biden's presidency, Iranian Minister of Petroleum Bijan Zangeneh said: "Let's wait a few days to see what happens."
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Iran Gas Flaring Zero by March 2023: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says the country would no longer flare associated petroleum gases by March 2023.
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Tehran Preparing to Host Oil Show Next Week
TEHRAN (Shana) -- The director of the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) said that "domestic production" is the focus of the event, adding: “The 25th Oil Show will be held with the slogan National Oil, Iranian Goods and Services."
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Offshore Pipe-Laying Operations of Jask Oil Terminal Kicks Off
TEHRAN (Shana) -- The head of Jask Oil Terminal Development Project announced the start of the offshore pipeline operations of the early production phase of the project.
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NISOC Voices Readiness to Resume Pre-Sanctions Oil Output Levels
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to stop reducing its crude oil output and increase production to pre-sanctions’ levels.
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Zangeneh Announces Creation of new Capacities for Oil Export, Money Transfer under Sanctions
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh announced Iran's creation of new capacities in the field of oil sales as well as transmission and receiving oil money despite the sanctions on the country.
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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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NIOC to Issue Rls. 20,000bn of Bonds to Finance Oil Projects
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said NIOC was planning to issue Rls. 20,000 bn worth of bonds to finance projects aimed at production enhancement and maintenance of oil fields in Iran.
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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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Iran Racing Ahead Even in Covid-Stricken Oil Market
TEHRAN (Shana) -- It is not known yet when the US would end its maximum pressure campaign, the signature legacy of President Donald Trump, to bring Iran’s oil exports down to zero and drive Iran out of the oil trading market. Nonetheless, based on analysts’ views, US president-elect Joe Biden is not willing to continue his predecessor’s policy.
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OPEC and Future of Oil
TEHRAN (Shana) -- There are doubts about short and long-term cooperation within the Organization of the Petroleum Exporting Countries (OPEC). Based on estimates, demand for crude oil would decline in the long term, i.e. over 30 years. On the other hand, it has to be taken into consideration that the priorities of top oil producers are always changing and the share of oil will decline in their future energy mix. The main question is to know until when OPEC can continue to work.
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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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OPEC+ 13th Ministerial Meeting Ends
The 13th OPEC and non-OPEC Ministerial Meeting (ONOMM) was held on Tuesday, 5 January 2021, via video conference.
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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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Additional 75,000 bpd Oil Supply Will not Affect OPEC+ Output
TEHRAN (Shana) -- Iran’s Minister of Petroleum, Bijan Zangeneh, said on Tuesday that the 75,000 bpd increase in Russia and Kazakhstan oil production in February and March will not influence OPEC+ output and world market.