Iran

  • 90% Rise in Receipt of Gas Sales: Min.

    90% Rise in Receipt of Gas Sales: Min.

    TEHRAN (Shana) – The Iranian Minister of Petroleum said: "During the last quarter, compared to the same period last year, Iran's gas exports to neighboring countries have faced a 43% growth in volume, while during the same period in receiving receivables from these exports, we have seen more than 90% growth compared to the same period last year."

  • Iran receives Gas Dues from Iraq

    Iran receives Gas Dues from Iraq

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced in his latest Twitter post the receipt of gas export arrears from Iraq that amounted to $1.6 billion.

  • Owji Receives Deputy Chairman of Turkmenistan Cabinet of Ministers of Oil, Gas

    Owji Receives Deputy Chairman of Turkmenistan Cabinet of Ministers of Oil, Gas

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji met with Shahin Abdul Rahmanov, Deputy Chairman of the Cabinet for Oil and Gas Affairs of Turkmenistan, in Tehran on Tuesday, June 14.

  • Long-Standing Dream of Offshore Refinery Coming True: MP

    Long-Standing Dream of Offshore Refinery Coming True: MP

    TEHRAN (Shana) -- "Energy diplomacy is one of the most important priorities of the administration and parliament," said the head of the parliament's energy committee, noting that Iran’s energy diplomacy is moving forward and so far favorable agreements and contracts have been signed in this regard.

  • Petropars, a Full-Fledged Oil Company: Venezuelan Official

    Petropars, a Full-Fledged Oil Company: Venezuelan Official

    TEHRAN (Shana) -- The CEO of the Venezuelan National Oil Company (Pedosa) described Iran’s Petropars as a full-fledged and capable company in the field of oil and gas development, and said: "This company can run various projects in the Venezuelan oil industry."

  • Turkmenistan Seeking more Gas Swap to Azerbaijan, Neighboring Countries

    Turkmenistan Seeking more Gas Swap to Azerbaijan, Neighboring Countries

    TEHRAN (Shana) – The Iranian Minister of Petroleum said: "In a meeting with the Deputy Chairman of the Cabinet for Oil and Gas Affairs of Turkmenistan, the other side asked us to increase gas swaps to Azerbaijan and other neighboring countries, to which we announced our readiness."

  • Iran-Venezuela, Oil Coalition against US Sanctions

    Iran-Venezuela, Oil Coalition against US Sanctions

    TEHRAN (Shana) – The head of the Institute for International Energy Studies (IIES) said: "Venezuela knows that easing US sanctions on its oil industry is temporary and commensurate with US needs, so it is looking for 20 years of cooperation with Iran.”

  • Iran Policy in Sale of Oil, Condensate Active Marketing: Spokesman

    Iran Policy in Sale of Oil, Condensate Active Marketing: Spokesman

    TEHRAN (Shana) -- The government spokesman said: "Iran's policy in the field of selling oil and gas condensate is active marketing, and today a significant amount of oil is sold and the resulting hard currency is returned to the country."

  • Minister of Petroleum meets with the President of Venezuela

    Minister of Petroleum meets with the President of Venezuela

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji met with Venezuelan President Nicolas Maduro on Monday, June 13, at Saadabad Palace.

  • Constructive Interaction of Holders of 460 bb of World Oil Reserves

    Constructive Interaction of Holders of 460 bb of World Oil Reserves

    TEHRAN (Shana) -- The presidents of Iran and Venezuela, as holders of more than 460 billion barrels of crude oil reserves, formally held talks in Tehran on Saturday, June 11, and signed a 20-year cooperation document.

  • Iran, Venezuela Sign Comprehensive 20-Year Cooperation Document

    Iran, Venezuela Sign Comprehensive 20-Year Cooperation Document

    TEHRAN (Shana) -- The Presidents of Iran and Venezuela signed a document of comprehensive 20-year strategic cooperation between the two countries in the cultural-historical complex of Saadabad.

  • Maduro Notes Petropars Capacity in Venezuela Oil Projects

    Maduro Notes Petropars Capacity in Venezuela Oil Projects

    TEHRAN (Shana) -- The President of Venezuela stressed the need to use the capacity of the Iranian company, Petropars, to develop Venezuela’s oil and gas projects.

  • 2nd Iran-made Tanker Delivered to Venezuela

    2nd Iran-made Tanker Delivered to Venezuela

    TEHRAN (Shana) -- The handover ceremony of the second Aframax tanker built by SADRA (Iran Marine Industrial Company) was held in the presence of the Presidents of Iran and Venezuela.

  • Online Environmental Monitoring System of Tehran Refinery Operational

    Online Environmental Monitoring System of Tehran Refinery Operational

    TEHRAN (Shana) -- The project of establishing an online monitoring system for the environmental parameters of the flue gas in the furnaces of the southern region of the Tehran refinery was put into operation.

  • Refinery Saves 210 mcm gas by Preventing Flaring

    Refinery Saves 210 mcm gas by Preventing Flaring

    TEHRAN (Shana) -- The CEO of Martyr Hasheminejad Gas Refining Company announced that the plant has saved about 210 million cubic meters of gas from the recovery of flare gases over the last five years.

  • Tehran, Caracas seeking to develop Energy Ties

    Tehran, Caracas seeking to develop Energy Ties

    TEHRAN (Shana) – Iranian President Ebrahim Raisi said: "There is good cooperation between Tehran and Caracas in the field of energy, thermal power plants, repair of refineries, export of technical and engineering services, economic, defense and military relations."

  • Top Iran Oil News of the Week

    Top Iran Oil News of the Week

    TEHRAN (Shana) – The top news of the week included Iranian Minister of Petroleum Javad Owji’s visit to Azerbaijan, the presence of the Minister of Petroleum in the National Day of Russia, the appointment of new members of the Board of Directors of the National Iranian Oil Company, and more.

  • Investment decline Biggest Risk to Gas Market

    Investment decline Biggest Risk to Gas Market

    TEHRAN (Shana) – The Secretary General of the Gas Exporting Countries Forum believes that the biggest threat for the gas market is investment decline, saying: "Since 2014, we have seen a series of reasons including low natural gas prices, a misleading narrative about the incompatibility of natural gas with climate change and environmental pressures have reduced investment in the gas industry.”

  • Iran’s Energy Diplomacy in Latin America

    Iran’s Energy Diplomacy in Latin America

    TEHRAN (Shana) -- Growing demand for energy has intensified international rivalry over access to energy resources. Therefore, various nations are trying their best to adopt an effective and efficient energy diplomacy in a bid to guaranteeing safe access to these vitally important resources.

  • Gray Shadow of Energy Security

    Gray Shadow of Energy Security

    TEHRAN (Shana) -- The energy market has seen many fluctuations over recent months. The latest lockdowns in China are causing significant demand destruction and adding downward pressure on oil prices, reduction of gas storage in Europe and finally the tension between Russia and Ukraine complicated part of energy marketpuzzle, such a wonderful life!

  • Integrated Azadegan Development

    Integrated Azadegan Development

    TEHRAN (Shana) -- Minister of Petroleum Javad Owji has said the second phase development of the giant South Azadegan oil field would be implemented by local firms. The first phase of this field, which is among the West Karoun cluster of fields, has been developed by local contractors to reach the nominal output of 220,000 b/d by next March.

  • Can We Halve Greenhouse Emissions by 2030?

    Can We Halve Greenhouse Emissions by 2030?

    TEHRAN (Shana) -- The 14th meeting of Working Group III (WGIII-14) of the Intergovernmental Panel on Climate Change (IPCC) concluded its two-week work (starting March 21) so that delegates and scientists would convene virtually on April 4 to officially adopt the summary for policymakers (SPM) of the 6th assessment report (AR6).

  • NISOC Eyes PDC Technology

    NISOC Eyes PDC Technology

    TEHRAN (Shana) -- Enhanced oil recovery (EOR) requires application of modern technologies. Although Iran's oil industry has faced sanctions in recent years and has been prevented from having access to many of these technologies, Iranian oil companies are seeking technical knowhow through cooperation with international companies or Iranian universities. The head of R&T division of National Iranian South Oil Company (NISOC), Mohammad Golestan-Bagh, tells Iran Petroleum that efforts are under way to develop knowhow for the manufacturing of polycrystalline diamond compact (PDC) bits.

  • Over 80% of Oil Industry Equipment Locally Sourced

    Over 80% of Oil Industry Equipment Locally Sourced

    TEHRAN (Shana) -- The chairman of Board of Directors of Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM), Ehsan Saqafi, says more than 80% of equipment needed by the petroleum industry is domestically manufactured. In an interview with” Iran Petroleum”, he said that 14-15% of the remaining 20% was not cost-effective to be produced domestically while for 5-6%, the necessary technology is not available.

  • NIOC to Raise Azadegan, Yadavaran Output

    NIOC to Raise Azadegan, Yadavaran Output

    TEHRAN (Shana) -- The head of corporate planning of National Iranian Oil Company (NIOC), Karim Zobeidi, says Iran is now ready to produce 3.838 mb/d of oil. In an interview with “Iran Petroleum”, he says the giant South Azadegan oil field would see its output reach 220,000 b/d. He also says talks are under way with a foreign firm to develop the second phase of the Yadavaran field for its output to increase to 210,000 b/d from the current 110,000 b/d.

  • Iran Oil Exports Well: Min.

    Iran Oil Exports Well: Min.

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji described the status of sales of Iranian crude oil and petroleum products as favorable.

  • Petrol to Build Downstream Parks

    Petrol to Build Downstream Parks

    TEHRAN (Shana) -- The CEO of Petrol announced the construction of two new downstream parks as the company's future plans.

  • Energy Diplomacy from Neighboring Countries to Latin America

    Energy Diplomacy from Neighboring Countries to Latin America

    TEHRAN (Shana) -- Energy diplomacy in the 13th administration is going through novel days. While it is less than a year old, the administration of President Raisi has seen major developments in the energy arena.

  • Busy Days of Oil Minister in Baku

    Busy Days of Oil Minister in Baku

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji, who left Tehran for Azerbaijan on Wednesday (June 1st) to attend the 27th Baku Energy Forum and the 27th Caspian International Oil and Gas Exhibition (Baku Energy Week), returned to Tehran on Saturday (June 4th). During this four-day trip, the Minister of Petroleum left behind busy days.

  • Owji Meets with Bulgarian, Romanian Energy Ministers in Baku

    Owji Meets with Bulgarian, Romanian Energy Ministers in Baku

    BAKU (Shana) – Iranian Minister of Petroleum met with Bulgarian and Romanian energy ministers in Baku and discussed global energy crisis, technical and engineering services exports and various cooperation areas.