oil
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Gas Flaring Drops 80% in Maroon Oil Facilities
TEHRAN (Shana) -- The instructed crude oil production plan of Maroon Oil and Gas Production Company was realized by more than 100% while its gas flaring was reduced by 80% since last year.
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Success of Oil Industry despite Sanctions
TEHRAN (Shana) – The Iranian Minister of Petroleum said the country made great achievements in oil and gas projects despite the sanctions.
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Sustainable Electricity Supply Ensures Uninterrupted Oil Recovery in West Karoun Region: CEO
TEHRAN (Shana) – The CEO of the Petroleum Engineering and Development Company (PEDEC) said, "Sustainable electricity supply guarantees continuous production of oil in the West Karoun oil fields cluster, and the construction and operation of the West Karoun power plant is very important in this regard."
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Rouhani Inaugurates Major Oil, Gas Projects
TEHRAN (Shana) – Iranian President Hassan Rouhani has launched three major oil, gas and petrochemical projects via videoconference.
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Technology Could End oil age: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the end of the oil age would be cause by the introduction of new technologies rather than the end of oil reserves.
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OIL of Bangshir reservoir of Ramshir Field Increased
TEHRAN (Shana) -- New studies on the Bangestan reservoir of the Ramshir oil field show that the average volume of oil in-place (OIP) in this reservoir is roughly 3.5 times the previous estimates and it is possible to increase production from this reservoir up to 30,000 barrels per day.
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Iran Eyes 185k b/d Enhanced Oil Output Capacity in New Projects
TEHRAN (Shana) – Iran will add over 185,000 barrels per day to its oil production capacity by carrying out 13 projects aimed at enhancing and maintaining oil recovery in the country’s fields.
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Zangeneh Stresses Capacity Building in Oil Industry
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said power in the oil market is not based on the reserves of a country but production capacity, stressing the need for building oil production capacity under the sanctions.
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Iran Firms Wielding 70% Share in Oil Production Enhancement, Maintenance Projects: CEO
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said Iranian firms would enjoy over 70 percent share in oil production enhancement and maintenance projects in the country’s fields.
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13 Oil Contracts Inked with 14 Iranian firms
TEHRAN (Shana) – Iranian oil industry has signed 13 contracts worth roughly €1.5 billion with 14 local firms to enhance and maintain oil production.
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1st Phase of Oil Transfer Facilities in Western Karun Cluster Officially Launched
TEHRAN (Shana) -- The first phase of the oil transfer chain of the West Karun fields with a daily delivery capacity 460,000 barrels of heavy crude oil and 254,000 barrels of light crude oil to export terminals was officially launched on Thursday.
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Gate Valves for Goreh-Jask Pipeline Built in Iran
TEHRAN (Shana) -- For the first time in the Iranian oil industry, construction of 42-inch gate valves compatible with sour fluids is on the agenda of domestic companies, and now the process of manufacturing these valves to be used in the pipeline to transfer crude oil from Goreh to Jask is underway.
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Kish-Garzeh Marine Pipe-Laying Operation Complete
TEHRAN (Shana) -- The head of Kish gas field development project announced the end of the offshore pipeline extension operation in the Kish-Garzeh offshore pipeline project with an unprecedented record.
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Leader Lauds South Pars Achievements under US Embargoes
TEHRAN (Shana) -- The Supreme Leader of the Revolution hailed the successful actions that coincided with the sanctions in South Pars joint gas field.
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Iran saves €60 m by Using Sahar 1, 2 drilling rigs
TEHRAN (Shana) -- The head of the Mostazafan Foundation of Islamic Revolution announced savings of 60 million euros following the major overhaul of Sahar 1 and 2 floating platform by local experts.
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Sanctions could not hinder development of Iran oil industry: MP
TEHRAN (NIPNA) -- A member of the Energy Committee of the Islamic Consultative Assembly said: "Iran will not give up under any circumstances and despite US sanctions, it will develop its oil industry."
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Iran Oil Exports No Longer Dependent on Hormuz Strait
TEHRAN (Shana) -- President Hassan Rouhani and Minister of Petroleum Bijan Zangeneh officially inaugurated the construction of a 1,000-km pipeline extending from Goreh to Jask. The pipeline would enable to Iran to carry 1 mb/d of crude oil from Makran export terminal to target markets.
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Iran Determined to Meet Power, Gas Commitments towards Iraq: Veep
TEHRAN (Shana) – First Vice President Eshaq Jahangiri voiced Iran’s determination to live up to its gas and electricity commitments towards neighboring Iraq even in the harsh summer conditions.
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80% Share of Domestic Production in NISOC Goods Supply: CEO
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said over 80 percent of the goods supplied for the company were procured by domestic manufacturers.
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10% Enhanced Recovery Rate in Azadegan Oilfield Possible: Scholar
TEHRAN (Shana) -- The head of the Petroleum Engineering Institute of the University of Tehran said: "Studies of the institute on Azadegan field have yielded valuable results, based on which it is possible to increase the recovery rate of this joint field by 10%."
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Zangeneh: 9 Oil Contracts to Be Signed With Iranian Companies
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said: "Soon, nine contracts for the maintenance and enhancement of oil production (EPC/EPD) will be signed with Iranian companies and the Oil Research and Technology Fund will be activated.”
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NIOC to Ink Research Deal with Local Universities: CEO
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) Masoud Karbasian said his company had planned to sign 12 research contracts with Iranian universities.
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Petropars to Complete Azadegan Oilfield Development
TEHRAN (Shana) – The Petroleum Engineering and Development Company (PEDEC) has signed a contract with Petropars Group for completing the development of South Azadegan joint oilfield besides building a 320,000 b/d central treatment export plant (CTEP) at Azadegan.
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PEDEC Signs Deal with Petropars for Azadegan Oilfield Development
TEHRAN (Shana) – The Petroleum Engineering and Development Company (PEDEC) is to sign a deal with Petropars Company for completing the development of South Azadegan field.
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JMMC sees improving market conditions and conformity levels
VIENNA (Shana) -- The 20th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 15 July 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.
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Increased Gasoil Price, a Big Lie: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh strongly ruled out rumors about the increased gasoil price in Iran.
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Oil Sales below World Prices not on Iran-China Cooperation Plan: Official
TEHRAN (Shana) -- The head of the Iranian president's office said that the issue of selling oil at 20 to 30 percent below the global price for the item is not in the 25-year cooperation plan between Iran and China.
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North Yaran Developed at Lower Cost than Contract Capex
TEHRAN (Shana) -- The chairman of the board of directors of Tadbir Energy Development Group said that the contract for the development of North Yaran Field was signed with a capital expenditure of $700 million, but it was put into operation with $580 million investment.
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Fate of all Joint Fields Determined under Rouhani
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the fate of all Iranian joint oil and gas fields would be determined by the end of Iranian President Hassan Rouhani’s term as president.
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Message of Today's Deal: We will not give up, Zangeneh says
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the message sent by today’s contract between the National Iranian Oil Company (NIOC) and a local oil company for developing Yaran Joint Oilfield is Iran will not give up under the US sanctions.