oil

  • CEO of NITC Appointed

    CEO of NITC Appointed

    TEHRAN (Shana) -- Hossein Shiva has been appointed as the CEO of the National Iranian Oil Tankers Company.

  • Oil Sales have Improved: Owji

    Oil Sales have Improved: Owji

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said Iran’s oil sales have improved, saying: "From the next one or two weeks, the export of petroleum products, which we had restrictions due to the supply of domestic reserves, will resume."

  • Iran Needs $160b to Develop Oil Industry

    Iran Needs $160b to Develop Oil Industry

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said Iran would need $160 billion to invest in its oil and gas industry.

  • Iran Firm Exports Catalysts to Neighboring Countries

    Iran Firm Exports Catalysts to Neighboring Countries

    TEHRAN (Shana) -- An Iranian company, relying on local knowledge and the efforts of domestic researchers, has had a successful performance in the production of chemical catalysts, which in addition to exporting products to neighboring countries, seeks to expand its export market to other countries.

  • Doroud, Arvand Oil Fields Up for Investment

    Doroud, Arvand Oil Fields Up for Investment

    TEHRAN (Shana) -- Doroud oil field, which is located in Kharg Island and northwest of the Persian Gulf, is among developed oil fields which the Iranian Offshore Oil Company (IOOC) presented to foreign investors within the framework of the new model of oil contracts known as Iran Petroleum Contract (IPC).

  • Potential for Mansouri & Salman Development

    Potential for Mansouri & Salman Development

    TEHRAN (Shana) -- Iran hopes to bring its oil output to over 5 mb/d under its 20-year vision plan through investing in ageing fields. Some of oil fields in Iran are already mature. Their oil has partly been recovered, but cutting edge technologies are needed to extract the remaining oil.

  • NISOC Reserves’ Value up $115bn

    NISOC Reserves’ Value up $115bn

    TEHRAN (Shana) -- National Iranian South Oil Company (NISOC) supplies over 80% of Iran’s crude oil and 16% of natural gas. As the largest subsidiary of National Iranian Oil Company (NIOC), NISOC runs 45 fields and 65 reservoirs covering 70,000 square kilometers stretching from Bushehr to Khuzestan provinces. Giant oil fields like Ahvaz, Gachsaran, Maroun, Aghajari, Karanj, Parsi and Bibi Hakimieh are among them.

  • 90% of Iran Gas Stations Active

    90% of Iran Gas Stations Active

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Products Refining and Distribution Company (NIORDC) said that more than 90% of the gas stations across the country have been activated, adding over 70% of the stations are expected to be linked to the smart fuel system by Friday.

  • 4,000 Filling Stations Running: Min.

    4,000 Filling Stations Running: Min.

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said nearly 4,000 filling stations are up and running in Iran, adding that there is no problem in supplying fuel in the country.

  • Iran Fuel System Fully Functional in 2 Days: Owji

    Iran Fuel System Fully Functional in 2 Days: Owji

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji told visiting Iranian President Ebrahim Raisi to Ministry of Petroleum that over 3,000 filling stations are active and the whole fuel system of the country would become fully operational within the next one to two days.

  • 3rd Iran-Germany Energy Working Committee Held

    3rd Iran-Germany Energy Working Committee Held

    TEHRAN (Shana) – The Director General of Europe, US and Caspian Neighbors Office of the International Affairs and Trade Department of the Ministry of Petroleum said: "Considering Germany's membership in the European Union, the Energy Working Committee can play an effective role in expanding relations with other European countries and provide a good basis for cooperation with EU members."

  • Owji Receives Turkmen FM

    Owji Receives Turkmen FM

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji hosted a meeting with a Turkmen delegation headed by Rashi Muradov, Turkmen Minister of Foreign Affairs, in Tehran on Tuesday, October 26, 2021.

  • Investigations ongoing to Resolve Smart Fuel System Glitch: MOP PR

    Investigations ongoing to Resolve Smart Fuel System Glitch: MOP PR

    TEHRAN (Shana) -- The General Directorate of Public Relations of the Ministry of Petroleum said efforts are underway to resolve an issue with the smart fuel system of the country, adding experts at National Iranian Oil Products Distribution Company (NIOPDC) are dealing with the matter.

  • No Price Rise Planned for Energy Carriers

    No Price Rise Planned for Energy Carriers

    TEHRAN (Shana) -- The head of the Planning and Budget Organization said denied any increase in the price of energy carriers in the 1401 budget.

  • 3rd Iran-Germany Joint Energy Committee Meets

    3rd Iran-Germany Joint Energy Committee Meets

    TEHRAN (Shana) -- The third meeting of the Iran-Germany Joint Energy Committee will be held on Tuesday, October 25.

  • NIOC CEO Appoints PEDEC Chairman

    NIOC CEO Appoints PEDEC Chairman

    TEHRAN (Shana) – CEO of the National Iranian Oil Company (NIOC) Mohsen Khojastehmehr appointed Abouzar Sharifi as a full member of the board of directors and CEO of the Petroleum Engineering and Development Company (PEDEC).

  • Compensatory Projects Needed to Ensure Iran Sustainable Gas Supply 

    Compensatory Projects Needed to Ensure Iran Sustainable Gas Supply 

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the country would need to invest $65 to $89 billion to develop its oil and gas fields otherwise it will become a gas importer in the coming years. 

  • NISOC CEO Appointed

    NISOC CEO Appointed

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) issued a decree appointing Alireza Daneshi as the CEO of the National Iranian South Oil Company (NISOC).

  • New IOOC CEO Appointed

    New IOOC CEO Appointed

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) issued a decree to appoint Alireza Mehdizadeh as the CEO of the Iranian Offshore Oil Company (IOOC).

  • Owji meets with Venezuelan FM

    Owji meets with Venezuelan FM

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji met with the Venezuelan Foreign Minister and his accompanying delegation on the 15th floor of the Ministry of Petroleum headquarters on Monday.

  • Venezuelan FM meets with Owji

    Venezuelan FM meets with Owji

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji received visiting Venezuelan Foreign Minister Felix Plasencia Gonzalez and his entourage at the Ministry of Petroleum headquarters.

  • $4.5b earmarked to Develop Upstream Gas Sector in Fars

    $4.5b earmarked to Develop Upstream Gas Sector in Fars

    FARS (Shana) – Iranian Minister of Petroleum Javad Owji said plans are underway to invest $4.5 billion for the development of the upstream gas sector in the southern province of Fars.

  • NIDC, SeaLand Ink Drilling Agreement

    NIDC, SeaLand Ink Drilling Agreement

    TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) and SeaLand Engineering & Well Services have signed an agreement for the supply of two heavy drilling rigs to be used in the development plan of Bibi Hakimeh Oilfield.

  • CBI Full Support Needed for Oil Barter Deals: Ex-Official

    CBI Full Support Needed for Oil Barter Deals: Ex-Official

    TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company said that the success of selling oil through barter depends on the cooperation between the Ministry of Petroleum and the Central Bank of Iran.

  • Good News on Oil Contracts, Barter Underway

    Good News on Oil Contracts, Barter Underway

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "Soon, good news will be announced about the diversity of contracts for crude oil, gas condensate and oil barter."

  • Crude Oil Sales being Pursued Seriously: Official

    Crude Oil Sales being Pursued Seriously: Official

    TEHRAN (Shana) -- The head of the Planning and Budget Organization said: "We have serious measures on the agenda in the field of energy; we are seriously pursuing the sale of crude oil and we hope to be able to establish the same relations as before following the negotiations we have started with neighboring countries, especially Turkmenistan."

  • Plans Underway to Invest $22 b to Maintain Gas Production

    Plans Underway to Invest $22 b to Maintain Gas Production

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the country would need to invest $22 billion in the gas sector given the drop in gas pressure within the next 6 to 8 years.

  • New AOGC Caretaker Appointed

    New AOGC Caretaker Appointed

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) issued a decree to appoint Abdullah Azari as the caretaker of Arvandan Oil and Gas Company (AOGC).

  • New IOOC Caretaker Appointed

    New IOOC Caretaker Appointed

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) issued a decree to appoint Alireza Mehdizadeh as the caretaker of the Iranian Offshore Oil Company (IOOC).

  • NIOC CEO Appoints NISOC Caretaker

    NIOC CEO Appoints NISOC Caretaker

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) issued a decree appointing Alireza Daneshi as the caretaker of the National Iranian South Oil Company (NISOC).