• 242 Drilling Items Localized

    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."

  • IOOC Eyes Improved Productivity at Forouzan Field

    IOOC Eyes Improved Productivity at Forouzan Field

    TEHRAN (Shana) – An official with the Iranian Offshore Oil Company (IOOC) said measures had been taken at Forouzan offshore oil field which would enhance its productivity.

  • Phase 1 of Goreh-Jask Pipeline Project 76% Compete

    Phase 1 of Goreh-Jask Pipeline Project 76% Compete

    TEHRAN (Shana) -- The progress of the first phase of the Goreh-Jask crude oil transfer project has reached 76.5 percent, and this national project is progressing according to the plan.

  • Zangeneh says US Ban Makes him more Resolute

    Zangeneh says US Ban Makes him more Resolute

    TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the US move to impose sanctions on him and a number of senior Iranian oil and energy officials on Monday only made them more determined to pursue their goals.

  • Iran Minister Shrugs off US Sanctions on Key Energy Officials

    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

    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

    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.

  • WOGPC Expert Builds Electronic Control Valve

    WOGPC Expert Builds Electronic Control Valve

    TEHRAN (Shana) -- The electronic board of control valves was designed and built by one of the employees of the instrumentation department of Dehloran operational district in an innovative way.

  • 2nd Well in Solabdar Field Productive after 42 Years

    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.

  • JMMC priority is full conformity By all DoC members

    JMMC priority is full conformity By all DoC members

    VIENNA (Shana) -- The 23rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 19 October 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

  • IOOC Launches Siemens Turbocompressor

    IOOC Launches Siemens Turbocompressor

    TEHRAN (Shana) -- The maintenance unit of Soroush platform in Bahregan district operated by the Iranian Offshore Oil Company (IOOC) has repaired and commissioned the CS700 turbocompressor of the Parsi gas injection plant of Aghajari oil and gas production company.

  • IOOC Saves Rls. 300b by Reducing Time of Moving Persian Gulf Drilling Rig

    IOOC Saves Rls. 300b by Reducing Time of Moving Persian Gulf Drilling Rig

    TEHRAN (Shana) -- A 65% reduction in the time of moving the Persian Gulf drilling rig (slant) in the Abuzar oil field located in the Persian Gulf waters compared to the average of previous delivery operations, resulted in saving of more than 300 billion Iranian rials.

  • 45th JTC Meeting Convened

    45th JTC Meeting Convened

    VIENNA (Shana) -- The 45th Meeting of the Joint Technical Committee (JTC) was held via videoconference, in preparation for the 23rd Meeting of the Joint Ministerial Meeting (JMMC) planned for 19 October 2020.

  • SZOGPC Localizes Key Equipment

    SZOGPC Localizes Key Equipment

    TEHRAN (Shana) -- South Zagros Oil and Gas Production Company has successfully localized manufacturing of a key item used in air compressors.

  • Iran Names National Rep to OPEC

    Iran Names National Rep to OPEC

    TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh has appointed Afshin Javan as Iran’s national representative to the Organization of the Petroleum Exporting Countries (OPEC).

  • GOGPC Fulfills Production Plan in H1

    GOGPC Fulfills Production Plan in H1

    TEHRAN (Shana) -- Gachsaran Oil and Gas Production Company (GOGPC) fulfilled its instructed production plan in the first half of the current calendar year, which began on March 21.

  • ICOFC to Enhance Oil Production from Dehloran Field

    ICOFC to Enhance Oil Production from Dehloran Field

    TEHRAN (Shana) – The Iranian Central Oil Fields Company has planned to boost the production capacity of Dehloran oil field by the end of the current calendar year to March 2021 with the launch and repair of new wells.

  • OPEC Launches 2020 Edition of World Oil Outlook

    OPEC Launches 2020 Edition of World Oil Outlook

    VIENNA (Shana) -- The 2020 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria, providing the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the COVID-19 pandemic on the global energy and oil markets, an assessment of the medium- and long-term prospects, as well as analysis of various alternative scenarios and sensitivities that have the potential to impact the petroleum industry in the years ahead.

  • 1st Phase of Goreh-Jusk Pipeline Project Online by March 2021

    1st Phase of Goreh-Jusk Pipeline Project Online by March 2021

    TEHRAN (Shana) – The first phase of the Goreh-Jusk oil pipeline project will come on stream by the end of the current calendar year to March 20 2021.

  • MOGPC Realizes Output Plan in H1

    MOGPC Realizes Output Plan in H1

    TEHRAN (Shana) -- Maroon Oil and Gas Production Company (MOGPC) realized its planned production of crude oil, rich gas and naphtha in the first half of the current calendar year, which began on March 21.

  • Iran to Boost Oil Output in Ilam Province

    Iran to Boost Oil Output in Ilam Province

    TEHRAN (Shana) – The CEO of the Iranian Central Oil Fields Company (ICOFC) said upstream plans were under way to enhance the crude oil and natural gas output of Ilam Province in western Iran.

  • Azar Development Project on Verge of Commissioning

    Azar Development Project on Verge of Commissioning

    TEHRAN (Shana) – The operator of Azar oil field development project said the cumulative output of the project in the early production phase has been above 30 million barrels so far and it is on the verge of full operation with a progress of about 97%.

  • Zangeneh Condoles with Kuwait in Death of Emir

    Zangeneh Condoles with Kuwait in Death of Emir

    TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh sent a message of condolence to his Kuwaiti counterpart on the death of Kuwaiti Emir His Highness Sheikh Sabah Al-Ahmad Al-Sabah on Tuesday.

  • KOGPC Realizes Production Plan in H1

    KOGPC Realizes Production Plan in H1

    TEHRAN (Shana) -- The CEO of Karoun Oil and Gas Production Company (KOGPC) announced the realization of 101% of the company's crude oil production plan in the first half of the current calendar year, which began on March 21.

  • OPEC Sec. Gen. Sends Condolence Message on Death of Kuwaiti Emir

    OPEC Sec. Gen. Sends Condolence Message on Death of Kuwaiti Emir

    VIENNA (Shana) – Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo sent a letter of condolence on the death of the Kuwaiti Emir.

  • Iran to Boost Hendijan Oil Production Capacity

    Iran to Boost Hendijan Oil Production Capacity

    BUSHEHR (Shana) -- The CEO of the Iranian Offshore Oil Company announced the successful installation of the second 1000-ton platform in the Hendijan offshore field, saying: "Due to the completion of the installation of platforms 07 and 08, the production capacity of this oil field will increase."

  • No Power can Assault Iran Exports, Imports: NITC CEO

    No Power can Assault Iran Exports, Imports: NITC CEO

    TEHRAN (Shana) – The CEO of the National Iranian Tanker Company, emphasizing that no power can harm the country’s exports and imports, said: "Free trade is Iran's right and we must make more efforts for the authority of the national fleet."

  • Successful Past, Sustainable Future

    OPEC Turns 60

    Successful Past, Sustainable Future

    TEHRAN (Shana) -- In September 1960, the representatives of the five founding members of the Organization of the Petroleum Exporting Countries (OPEC), i.e. Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, held a four-day conference in the Iraqi capital Baghdad. The conference gave rise to OPEC as a permanent intergovernmental organization.

  • British Expropriation

    British Expropriation

    TEHRAN (Shana) -- Less than 10 years after Britain had emerged winner in the World War, Iranians nationalized their petroleum industry. That cost Britain dearly because they had recorded a strong victory in World War II and were gradually imposing their culture and language upon the world through media and economic policies. They were used to moving from country to country and change governments as they wished. They even installed British rulers in some nations. British colonies were rising in number. Relying on its strength, Britain claimed sovereignty over the entire globe. Under such circumstances, the oil nationalization movement called into question Britain’s political authority. The conditions worsened when Britain suffered a legal defeat at the international court of arbitration in the face of Iran. In the meantime, the influence of Iran’s oil nationalization on the Middle East and North Africa led to the formation of scattered small and large movements across the region. All these movements were hostile to British colonialism. Gholam-Reza Nejati, author of The Petroleum Industry Nationalization Movement, writes: “Britain was a world superpower. It was present everywhere. But it had suffered a deadly blow from a third world nation, i.e. Iran. The nationalization movement in Iran served as a model for other nations. Iran’s oil nationalization was the first well-organized anti-colonial movement in the Middle East. That is how Iran became a role model for other countries. Following the oil nationalization in Iran, General Najeeb and General Nasser rose up against the Farouk rule in Egypt and the Suez Canal was nationalized on 26 July 1956.”

  • Adeli: OPEC Politicized by Some Member States

    Adeli: OPEC Politicized by Some Member States

    TEHRAN (Shana) -- Mohammad Hossein Adeli, former secretary general of the Gas Exporting Countries Forum (GECF), has said some member states of the Organization of the Petroleum Exporting Countries have politicized the Organization. In an interview, he cites the examples of countries that did not hesitate to compensate for Iranian and Venezuelan share following their US sanctions on the two member states.