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.

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."

€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."

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.

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.

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."

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.

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.

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.

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.

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.”

In the presence of OPEC Oil, Energy Ministers

180th OPEC Conference Starts

TEHRAN (Shana) -- The 180th meeting of the Organization of the Petroleum Exporting Countries (OPEC) began a few minutes ago via video conference in the presence of oil and energy ministers of member countries.

OPEC, non-OPEC participants hold 8th Technical Meeting

VIENNA (Shana) -- The 8th Technical Meeting of the OPEC and non-OPEC countries of the Declaration of Cooperation (DoC) has commenced via videoconference.

President Rouhani:

Iran Economy has shown it is Large, Resilient

TEHRAN (Shana) -- The President said that 15 South Pars projects were completed under his administration, while in previous administrations only 10 phases were completed, adding that the commissioning of national projects shows that Iran's economy is large and resilient under the sanctions.

Using Skid-Mounted Refineries, New Oil Industry Strategy: CEO

TEHRAN (Shana) -- The CEO of Petroleum Engineering and Development Company (PEDEC) said construction of the first skid-mounted oil processing unit in the West Karoun region led to the formation of a new strategy and policy in Iran’s oil industry.

Rouhani Launches Skid-Mounted Refinery in West Karoun

TEHRAN (Shana) -- The first skid-mounted oil refining unit is officially put into operation by Iranian President Hassan Rouhani via video conference.

Iran to Launch Major Oil Projects in West Karoun, South Pars

TEHRAN (Shana) -- Two projects of the National Iranian Oil Company, including the skid-mounted processing unit of West Karoun oil fields cluster and storage facilities and measuring stations of South Pars gas condensate, will be inaugurated tomorrow (Thursday, November 26) by the Iranian President via video conference.

NIDC Drills 82 Wells in 8 Months

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) drilled 82 oil and gas wells over the course of the first 8 months of the current Iranian calendar year which began on March 21.

MAPNA among Top 10 Oil Contracting Firms in MENA

TEHRAN (Shana) – Iran’s MAPNA Group has been ranked among the top 10 contracting companies in the Middle East and North Africa region by Meed Economic Review (MEED).

Repair, Fishing Operations of 2 Maroon Wells Carried out Without Rig

TEHRAN (Shana) – Experts at the National Iranian South Oil Company (NISOC) successfully carried out repair of faulty wellhead valves for Wastewater Injection Well No. 116 and fishing operation for Well No. 153 of Maroon field without a rig.

NIDC Drills 72 Oil, Gas Wells in 7 Months

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has spudded 72 oil and gas wells in offshore and onshore projects in the first 7 months of the current calendar year, which began on March 21.

242 Drilling Items Localized

TEHRAN (Shana) -- The director of research, technology and construction engineering of the National Iranian Drilling Company (NIDC) said: "As a result of synergy between the specialists of this company and Iranian manufacturers, in the first half of this [calendar] year, 242 widely-used items were localized in the drilling industry."

Iran Minister Shrugs off US Sanctions on Key Energy Officials

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh played down the US Treasury’s move to impose sanctions on him and a number of key Iranian oil and energy officials, saying, “I have no assets or wealth outside of Iran to be subject to the sanctions.”

Reconstruction, Renovation Project of Doroud Platforms 80% Complete

TEHRAN (Shana) -- The project of reconstruction and renovation of the platforms of Doroud Field operated by the Iranian Offshore Oil Company (IOOC) in Khark region has reached about 80% progress.

Zangeneh Announces Opening Single Channel for Importing Goods thru Oil Exports

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said President Rouhani had signed off on the Iranian Ministry of Petroleum's proposal to create a single window for the import of goods through oil exports with the aim of speeding up the work.

2nd Well in Solabdar Field Productive after 42 Years

TEHRAN (Shana) -- Well No. 4 of Solabdar Oil Field in the operational scope of the National Iranian South Oil Company (NISOC) became operational after 42 years.