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Profile: Maroun Oil and Gas Production Company (MOGPC)
Hydrocarbon reservoirs administered by Maroun Oil and Gas Production Company (MOGPC) include the Asmari and Bangestan reservoirs of Maroun, the Asmari and Bangestan reservoirs of Kupal, the Bangestan reservoir of Shadegan and a Khami reservoir shared by Maroun, Kupal, and Shadegan fields. So far, 528 wells have been drilled in the six reservoirs while according to a production plan, MOGPC is proceeding with output hike measures up to the end of the current calendar year by carrying out development and workover activities. In light of the annulment of the mandatory output decline, MOGPC would be delivering about 75% of its oil production to domestic refineries with the rest destined for export. However, the decline in production levels is not ruled out due to overhaul programs.
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MOGPC owns sophisticated-cum-attractive oil reservoir
Maroun Oil and Gas Production Company (MOGPC) is among the leading Iranian companies with the capacity to produce more than 620 tb/d of oil. Qobad Nasseri, CEO of MOGPC, tells “Iran Petroleum” the company would add 30 kb/d to its output capacity by next March. He also said that the Maroun reservoir was one of the most sophisticated and attractive reservoirs in the world, requiring cutting-edge technology and investment. Nasseri said foreign companies would be welcome to cooperate in developing the Khami, Amsari, and Bangestan layers of the Maroun field, promising a good rate of return on investment. The following is the text of Iran Petroleum’s interview with Nasseri.
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South Pars Gas Complex turns 25
SHANA (Tehran) – The South Pars Gas Complex (SPGC), an affiliate of the National Iranian Gas Company (NIGC), was established on October 20, 1998 to operate onshore facilities of phases of the South Pars gas field.
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Iran’s oil minister condemns Israeli crimes in Gaza, supports oppressed Palestinian people
SHANA (Tehran) – Iran’s Oil Minister Javad Owji, in a message, condemned Israel for committing crimes in the Gaza Strip and attacking a hospital in the besieged enclave.
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Iran, Belarus to form specialized working group: Deputy oil minister
SHANA (Minsk) – Iran and Belarus agreed to form a specialized oil, gas and petrochemical working group, said the Iranian deputy oil minister for international affairs and trade.
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Iran, Belarus sign oil cooperation document
SHANA (Minsk) – Iran and Belarus signed a document on cooperation in the oil sector in the Belarusian capital Minsk on Tuesday.
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Saudi Arabia's crude exports drop to 28-month low in August
Saudi Arabia's crude oil exports in August hit their lowest level in 28 months as they fell for a fifth straight month, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
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Oil steadies on hopes U.S. will ease sanctions on Venezuela
Oil prices steadied on Tuesday after a more than $1 slide on Monday amid hopes the U.S. would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the war between Israel and Hamas.
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Iran’s oil minister accompanying first VP on Belarus trip
SHANA (Tehran) – Iran’s Oil Minister Javad Owji is accompanying First Vice President Mohammad Mokhber on a trip to Belarus on Tuesday.
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Iran voices readiness for further energy cooperation ahead of first VP Belarus visit
SHANA (Tehran) – Oil Minister Javad Owji on Monday expressed Iran’s readiness to promote cooperation with Belarus in the oil, gas, and petrochemical sectors.
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Iran can turn into region’s energy hub, says MP
SHANA (Tehran) – Iran can turn into the main energy hub in the region, said a member of Parliament on Monday.
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Iran’s annual petrochemical output to reach around 78 million tons: NPC chief
SHANA (Tehran) – Iran’s petrochemical production will reach around 78 million tons by the end of the current Iranian calendar year (March 19, 2024), said the National Petrochemical Company (NPC) managing director on Sunday.
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Lawmaker: Iran-Russia oil cooperation helps boost output, exports
SHANA (Tehran) – Cooperation between Iran and Russia in the oil sector results in increasing production and exports, said a member of Iran’s Parliament on Sunday.
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IEA, OPEC predictions of 2024 oil demand growth diverge further
The gap between two leading oil forecasters' views on 2024 demand growth widened on Thursday, with the International Energy Agency (IEA) predicting a sharper slowdown while producer group OPEC stuck to expectations for buoyant China-led growth.
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OPEC's September report: Production surges with Iran's output surpassing 3m bpd
OPEC’s crude oil production witnessed a noticeable uptick in September as compared to August, as per the latest data released in the Monthly Oil Market Report (MOMR) published by the organization.
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Resalat poised for 50% output hike
The Resalat oil field was damaged twice under Iraqi oil strikes during the 1980-1988 war. It is now set for two-phase development that would see its production increase from 5 tb/d to 38 tb/d. Pouya Ma’arefi, Resalat developer at Iranian Offshore Oil Company (IOOC), tells “Iran Petroleum” the oil field would see its output increase 50% by next March. Phase 1 is expected to treble the Resalat output while Phase 2 eyes a sevenfold increase in its output. Ma’arefi also said water injection and gas lift would help preserve Resalat’s output levels.
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Saudi energy minister: We need to be ‘proactive’ on oil market
Saudi Energy Minister Prince Abdulaziz bin Salman said in a Russian TV interview that it was necessary to be "proactive" on the oil market and attempt to bring stability to it, while adding that oil producers do not target prices.
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Russia is Iran’s strategic partner in energy sector: MP
SHANA (Tehran) – Russia is the strategic partner of Iran in the energy sector, said an Iranian lawmaker on Saturday.
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Owji: U.S. ‘gives no green light’; Iran has its own oil customers
SHANA (Lamerd) – The U.S. “has not given Iran the green light” for selling its crude oil and the country has its own customers, said Iran’s oil minister here on Friday.
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Owji inaugurates first phase of refining project in SW Iran
SHANA (Mohr) – Iranian Oil Minister Javad Owji inaugurated the first phase of a refining project in Mohr, a county in southwestern province of Fars on Friday.
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Iran’s deputy oil minister: Catalysts worth $9m exported to Russia in six months
SHANA (Moscow) – Iran’s deputy oil minister for international affairs and trade on Thursday said an Iranian knowledge-based company exported various types of catalysts worth some $9 million in the first six month of the current Iranian calendar year (starting March 21, 2023).
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Owji: Iran-Russia cooperation contributes to regional states’ progress
SHANA (Moscow) – Iran’s oil minister on Thursday said Tehran-Moscow cooperation paves the way for progress of not only the two countries, but also regional states.
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Iran, Russia ink MoU to conduct joint study on oil, gas cooperation
SHANA (Moscow) – Iran’s Institute for International Energy Studies (IIES) and Russia’s Roscongress Foundation sign a memorandum of understanding (MoU) on bilateral cooperation in Moscow on Thursday.
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Iran, Syria to promote energy cooperation
SHANA (Moscow) – The Iranian and Syrian oil ministers on Thursday stressed the need for promoting bilateral cooperation in the energy sector.
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Owji welcomes Putin remarks on Iran-Russia energy swap, calls for setting up gas hub in Persian Gulf
SHANA (Moscow) – Iranian Oil Minister Javad Owji on Wednesday welcomed Russian President Vladimir Putin’s remarks on increasing energy exchanges between the two countries in his address to the 6th Russian Energy Week International Forum.
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Owji says Iran-Russia ties ‘have entered a new stage’
SHANA (Moscow) – Iranian Oil Minister Javad Owji on Wednesday said Tehran-Moscow ties “have entered a new stage” and the two sides are determined to deepen their relations.
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Owji: OPEC+ supply policies stabilize world oil market
SHANA (Moscow) – Iran’s Oil Minister Javad Owji on Wednesday said unity between member states of OPEC and OPEC+ alliance has led to producers’ desirable consensus on supply and stability of world market and prices.
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Russia, Saudi Arabia discuss oil market, prices
Saudi Arabia and Russia, the world's top two oil exporters, on Wednesday discussed the situation on the oil market and prices amid the escalating conflict between Israel and Hamas, President Vladimir Putin's top oil official said.
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Putin hosts Iraqi PM in Kremlin, hails cooperation in OPEC+
Russian President Vladimir Putin hosted Iraqi Prime Minister Mohammed Shia al-Sudani in the Kremlin on Tuesday and praised cooperation between their countries at the OPEC+ group of top oil producers, saying it had helped to stabilise energy markets.