oil
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Iran Sends Technical Team to Help in Cuba Oil Tank Fire
TEHRAN (Shana) -- In line with the goals of activating energy diplomacy by the Iranian Ministry of Petroleum, after a massive fire occurred in oil facilities in Cuba by lightning, a group of Iranian experts were sent to help the country.
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Iran, Mauritius Explore Energy Cooperation Avenues
TEHRAN (Shana) -- The ways of cooperation between Iran and the Republic of Mauritius in the energy sector were discussed during the meeting between Iranian Minister of Petroleum Javad Owji and , Soodesh Satkam Callichurn, the Minister of Labour, Industrial Relations, Employment and Training, of the latter.
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Iran, Mauritius Explore Energy Cooperation Avenues
TEHRAN (Shana) -- The ways of cooperation between Iran and the Republic of Mauritius in the energy sector were discussed during the meeting between Iranian Minister of Petroleum Javad Owji and the Minister of Labour, Industrial Relations, Employment and Training of the latter.
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Russians capable of Joining Iran Oil Projects: Expert
TEHRAN (Shana) -- An economic expert said the Russians have signed oil and gas contracts with Iran in recent years and have fulfilled their commitments well, adding: “In my opinion, the Russians have the necessary financial and technical capabilities, and on the other hand, we desperately need this capability, so I think there is a possibility that many of these projects will be implemented and we should not be disappointed.”
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NIOC Announces Iran Crude Oil Prices for September Delivery
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for export to Asian markets in September.
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IRENEX, NIOC Cooperation could Boost Oil Exports: CEO
TEHRAN (Shana) – The CEO of Iran Energy Exchange (IRENEX) said with the development of cooperation between Iran Energy Exchange and the National Iranian Oil Company (NIOC), an increase in transparency in oil products transactions and an increase in the export of these products will be achieved.
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MOP Keen on Developing Joint Fields: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said his ministry and the National Iranian Oil Company (NIOC) has been seriously pursuing developing of joint fields over the course of the past 11 months.
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16th Meeting of the Iran-Russia Commission to be held in Autumn
TEHRAN (Shana) -- The deputy petroleum minister for international affairs and trade announced that the 16th meeting of the joint commission of Iran and Russia would be held in October or November in Moscow.
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Iran 4-month Gas Export Income at $4bn
Iranian Minister of Petroleum Javad Owji said the country’s gas export income amounted to $4 billion dollars in the first 4 months of the current calendar year, which began on March 21, which is equals to the figure for all of last year.
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Iran sees 580% Growth in 4-Month Oil Income
TEHRAN (Shana) -- The Iranian Minister of Economic Affairs and Finance announced that Iran’s revenue collection has increased by 580% from the sale of oil and gas condensates in the first 4 months of the current calendar year, which began on March 21.
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Oil, Most Attractive Area of Investment in Iran: Expert
TEHRAN (Shana) -- An expert in energy economics considered the oil industry to be the most attractive area of investment in Iran, and said: “We hope that the agreement with Russia will reach the stage of signing favorable contracts for the country, but we should look for other interested investors to be present in Iran with active energy diplomacy.”
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CEO Speaks of Untold details about $40 bn Deal with Russia
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said a contract for the development of 7 oil fields worth 4 billion dollars has been signed with Russian companies and it is progressing despite the sanctions.
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Tehran, Ankara Vow to Expand Trade
TEHRAN (Shana) -- Tehran was the focus of attention on Tuesday. It hosted two presidents, Recep Tayyip Erdogan of Turkey and Vladimir Putin of Russia.
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Continuation of Development Process of Tehran-Moscow Strategic Ties Stressed
TEHRAN (Shana) -- The latest state of bilateral relations between the Islamic Republic of Iran and the Russian Federation was discussed in the meeting of the presidents of the two countries, and the development of relations between the two countries in various fields was emphasised.
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Owji welcomes Turkish President in Tehran
TEHRAN (Shana) -- The Turkish president arrived in Tehran on Monday evening at the head of a high-ranking delegation of political and economic officials to be welcomed by the Iranian Minister of Petroleum, Javad Owji.
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Iran Raises August Crude Price for Asian Buyers
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for export to Asian customers in August.
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NIOC, Gazprom strike $40b MoU
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) and Russia's Gazprom signed a memorandum of understanding worth roughly 40 billion dollars.
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Shifting Geopolitics of Energy: A New World Energy Order
TEHRAN (Shana) -- Whatever the outcome of war in Ukraine, one thing is for sure. The economic reverberations will be felt and in fact is already affecting the global economy by everyone and in all countries for years to come as the world divides between the West and rapidly reshaping Eurasia. The tectonic shifts and fractures in the world and how sanctions against Russia are likely to reshape and redefine a set of new global geopolitical realities.
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Intelligent action or Political game
TEHRAN (Shana) -- As tensions between Russia and Ukraine escalate, the world is worried about possible spillover of concomitant instability. Uncertainty after the covid-19-induced two-year damage on the global economy has confused the world. The natural gas market is a particular and the most important channel for transmitting these impacts.The disruption of Russian natural gas exports to Europe and the winter ahead is one of the concerns of the energy market in the short-term.Europe is seriously looking forward to replacing Russia natural gas imports withthe REPowerEU plan.
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Kermanshah Refinery Boosting Production Capacity to 40,000 b/d
TEHRAN (Shana) -- The oil refining capacity of Kermanshah Refinery will increase to 40,000 barrels per day from 25,000 b/d following implementation of a project to enhance production capacity of the plant.
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IOOC Begins Repairing Generator at Salman Offshore Field
TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has started maintaining and repairing operation of Generator D of Salman Offshore Complex at Lavan Operational District.
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Bitumen Production fully Localized in Iran
TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the knowledge of bitumen production in the country has been localized 100% and the status of this industry has been upgraded from the national level to the international level.
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Iran Oil Minister Condoles Nigerian Over Death of OPEC Sec. Gen.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji sent a letter of condolence to the Nigerian ministry of petroleum resources to express his sorrow over the passing away of HE Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), who died on Tuesday evening.
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Iran OPEC Boss sends Letter of Condolence on Death of Sec. Gen.
TEHRAN (Shana) – Iran’s OPEC Governor Amirhossein Zamaninia sent a letter of condolence to Dr Adedapo Odulaja, Governor of OPEC for Nigeria, to express his condolences to the late OPEC Secretary General Mohamad Sanusi Barkindo who passed away on Tuesday.
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OPEC Secretary General, Muhammad Barkindo, Dies at 63
TEHRAN (Shana) -- Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) Muhammad Sanusi Barkindo died on Tuesday at 63.
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Iran Eyeing $115bn in Profits by Developing Azadegan Oilfield: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says development of Azadegan Oilfield would generate $115 billion in revenue and 24,000 jobs.
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Oil, Petchem Sectors Key to Attracting Investment, Production Boom
TEHRAN (Shana) – Iranian President Ebrahim Raisi said directing liquidity towards production growth, benefiting from technical power and attracting domestic investment are very effective in the economic growth and progress of the country.
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Integrated Development MoU of Azadegan Joint Oilfield to be signed with Iran Banks
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the memorandum of understanding (MoU) for the integrated development of the Azadegan join oilfield would be signed in the presence of senior officials of the country by the NIOC, Iranian banks and exploration and production companies.
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Iran to Invest $7bn in Azadegan Oilfield Development
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said an investment of 7 billion dollars was planned in the development of Azadegan Oilfield, most of which to be provided by Iranian banks, development companies and the National Development Fund of Iran (NDFI).
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OPEC+ Agree to Boost Output by 648k b/d in August
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies (aka OPEC+) agreed at their 30th meeting to increase the coalition’s supply by 648,000 barrels per day in August.