oil
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20th OPEC+ Ministerial Meeting Kicks off
TEHRAN (Shana) -- The 20th meeting of oil and energy ministers of the members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies, called OPEC+, began a few minutes ago.
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Oil, Gas Development under Shadow of Sanctions
TEHRAN (Shana) -- The outstanding feature of the track record of the two administrations of outgoing President Hassan Rouhani would be sought in the development of joint oil and gas fields in South Pars and West Karoun. Under these two administrations, oil recovery from the fields jointly owned by Iran and Iraq in West Karoun grew five-fold, while South Pars saw its production increase three-fold over the same period.
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EOR Nanofluid Injection Into Belal
TEHRAN (Shana) -- National Iranian Oil Company (NIOC) has taken an operational step in using nanofluids in the implementation of enhanced oil recovery (EOR) methods with nanofluid injection into the Surmeh reservoir of the Belal field; an operation which aims to increase oil recovery and which is being done for the first time in the country.
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President Stresses Crude Oil Sale, Repatriating Blocked Cash
TEHRAN (Shana) – Iranian President Seyyed Ebrahim Raisi said the sale of oil and returning money that has been unjustly blocked in other countries should be immediately put on the agenda of the relevant organs and pursued seriously.
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Iran OPEC Status to be Improved: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the supply of winter fuel is the most important priority of the oil industry for the time being, adding, "Our effort is to strengthen Iran's position in OPEC and take back our markets."
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Serious Determination of Oil Industry Staff Needed for Overcoming Challenges: Owji
TEHRAN (Shana) – The new Iranian Minister of Petroleum Javad Owji, on the first day of his tenure, called for the serious determination and presence of the industry’s staff to overcome the crises and challenges facing the country's oil and gas industry.
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Owji Wins Vote of Confidence
TEHRAN (Shana) -- Iranian parliament approved Javad Owji as the new petroleum minister by giving him vote of confidence.
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Reviving Iran Oil Market Share, Key Concern for Owji
TEHRAN (Shana) – Petroleum ministerial hopeful Javad Owji voiced his deep concern for reviving Iran’s share in international oil markets, airing his strongest support for technology parks to develop knowledge-based activities in the oil industry.
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Solar Power Plants Launched in Bidboland Gas Refinery
TEHRAN (Shana) -- The CEO of Bidboland Gas Refining Company announced saving of 350 MW of electricity in lighting systems of the plant by taking measures such as launching two solar power plants.
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Cutting Edge Technology Needed in Soroush, Reshadat
TEHRAN (Shana) -- Oil and gas production from Iran’s offshore fields dates from several decades. In light of natural fall-off in production from these fields, using foreign technology and investment would be a top priority for National Iranian Oil Company (NIOC). The Soroush and Reshadat fields are under consideration.
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West Karoun Oil Fields under Development
TEHRAN (Shana) -- West Karoun is home to a cluster of oil fields Iran shares with neighboring Iraq. This area in western Iran is set to form a new oil civilization in Iran. There are 11 oil fields in West Karoun. Iran Plans to develop them to increase its oil output by 1 mb/d by developing these fields.
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Naft Abadan Futsal Standard-Bearer
TEHRAN (Shana) -- Women’s sports and leagues in Iran were not immune to the consequences of the coronavirus pandemic. Last calendar year started with several leagues that had not been finished the year before due to the outbreak of COVID-19. However, due to unfavorable conditions, the case of all these files was closed. In the first half of last calendar year, women’s sport and leagues came to a halt due to the pandemic conditions, but it started again in the second half of the league. Seven teams representing the petroleum industry were involved in the women’s section. In the light of the pandemic and the economic conditions, all of them obtained acceptable results.
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Resume of Proposed Petroleum Minister
TEHRAN (Shana) -- Iranian President Ebrahim Raeisi has proposed Javad Owji as the Minister of Petroleum in his cabinet. Here is a brief overview of HE Owji's professional and academic background.
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Ministerial Hopeful Targets Strong Diplomacy in Energy Sector
TEHRAN (Shana) – Javad Owji, a candidate to take the helm of the Iranian Ministry of Petroleum, has put establishment of strong diplomacy and bolstering international relations top on his agenda.
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Raeisi Nominates Javad Owji as New Petroleum Minister
TEHRAN (Shana) – Iranian President Ebrahim Raeisi President nominated Javad Owji as the proposed Minister of Petroleum for a vote of confidence in the Islamic Consultative Assembly.
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152-ton Topside of Forouzan Offshore Platform Installed
TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has installed the QB Topside of Forouzan offshore oil field weighing 152 tons on the QA floor of this platform.
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New Gas Hub in Northern Iran
TEHRAN (Shana) -- Central Asian and European demand for gas has broadened the horizons for development of Iran's exploration blocks in the Caspian Sea. “Chalous Superstructure Drilling and Exploration” project has been assigned to Khazar Exploration and Production Company (KEPCO) with a view to forming a new gas hub in northern Iran. According to Ali Osouli, CEO of KEPCO, if the initial estimates are confirmed and exploration success is achieved in the Chalous structure, the Iranian sector of the Caspian Sea will play a significant role in gas exports to Europe in the near future, in which case Iran's new gas hub will be formed in the north to let Iran supply 20% of Europe's gas needs from this region.
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Jask Diversifying Iran Oil Export Markets
TEHRAN (Shana) -- The first phase of implementation of crude oil export from Jask Port is starting against the backdrop of Iranian officials realizing their dream of diversity in the crude oil export markets, as well as security of energy supply in Iran. The idea of construction of an oil terminal in Jask was first brought up in 1980s, but the project started under the administration of President Hassan Rouhani. To that effect, necessary planning was made and meetings were held. Since domestic manufacturers could not build some equipment and commodities in the country, they were planned to be purchased from foreign companies. The foreign firms did not keep their promises and once the US re-imposed sanctions on Iran in 2018, foreign firms quitted any cooperation with Iran.
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Iran Petroleum Industry Book Review
TEHRAN (Shana) -- The present piece of writing reviews major books written on the history of Iran’s petroleum industry.
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Petroleum Industry Innotech Park Launched
TEHRAN (Shana) -- The Petroleum Industry Innotech Park, which has been established under the aegis of the Petroleum Ministry with a view to developing technology and broadening constructive cooperation between the players of innovation and technology ecosystems, has started work. The ceremony for the inauguration of the park was attended by Minister of Petroleum Bijan Zangeneh, Vice President for Science and Technology Sourena Sattari and a group of senior oil industry managers and research and technology actors.
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NIOC Launches Monitoring Center
TEHRAN (Shana) -- The monitoring center of the National Iranian Oil Company (NIOC), which was established with the aim of collecting, aggregating and displaying online and continuous data on production, domestic distribution and foreign trade of oil, gas, gas condensate, gaseous liquids and naphtha, has been launched officially.
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OPEC Secretary General to visit Tehran for Inauguration Ceremony
TEHRAN (Shana) -- The Iranian ambassador to Nigeria announced the visit of Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), to Tehran to attend the inauguration of the President.
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Smuggling of Petroleum Products Close to Zero in Iran: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Products Refining and Distribution Company said: "With the launch of the Petroleum Products Request System (SADAF), I can say with confidence that smuggling of petroleum products in the country's borders, except for the Pakistani border, has been zero."
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Iran Launches New System to Prevent Fuel Smuggling
TEHRAN (Shana) – Iran has launched a new system that is aimed at preventing fuel smuggling in the country.
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Iran Quadruples Export of Petroleum Products in 8 Years
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said, "Export of Iranian petroleum products in 2019 compared to 2012 has increased four times and for the first time 23 million tons of products were exported from the country, which is unprecedented in the history of the country."
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Local E&P Firms to Study Azadegan Field
TEHRAN (Shana) -- The giant Azadegan oil field, estimated to hold 32 billion barrels of oil in place, has already been developed in two sections – North Azadegan and South Azadegan. The field is currently supplying 215,000 b/d of oil.
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Investment Opportunities in Bangestan
TEHRAN (Shana) -- More than 60% of Iran’s oil production comes from 10 giant fields, all of which having reached maturity. Lack of investment for many years in order to enhance the rate of recovery has enhanced production risk. However, there is great potential for enhanced production from these fields. A case in point pertains to the Ab Teimour and Ahvaz Bangestan oil fields. They were discovered more than 50 years ago and they are still supplying oil.
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Iran to Export 1st Oil Shipment from Jask on July 22
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said loading and export operation of the first shipment of Iranian crude oil from Jask and the Sea of Oman will be carried out on July 22 by the presidential order.
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Countdown Begins for 1st Crude Oil Export from Jask Terminal
TEHRAN (Shana) -- The Deputy National Iranian Oil Company (NIOC) CEO for Development and Engineering Affairs announced: “Due to the completion of the strategic and national plan for the transfer of crude oil from Goreh to Jask, the first shipment of crude oil will be exported from the Jask terminal in the coming few days.”
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No-Flaring in Cheshmeh-Khosh Expected This Year
TEHRAN (Shana) -- The Iranian Central Oil Fields Company (ICOFC) assigned to a domestic company a project for gathering flare gas at the Cheshmeh-Khosh oil field. Under this agreement, 67 mcf/d of associated petroleum gas would be gathered over six months.