oil
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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.
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1st Well of Nasr 5 Satellite Platform Online
TEHRAN (Shana) -- The first well of Nasr 5 Satellite Platform, called Well SICE6, has come online to increase crude oil production in Sivand and Esfand fields.
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RIPI Develops Knowhow of Producing Lubricants for Wellhead Calves
TEHRAN (Shana) -- The downstream campus of the Research Institute of Petroleum Industry has been able to produce lubricants and seals for wellhead valves.
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Cumulative South Pars Gas Output Crosses 1.8 tcm
TEHRAN (Shana) -- The volume of rich gas extracted from the South Pars joint gas field since it’s the beginning of its development has exceeded 1.8 trillion cubic meters.
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Drilling Operations begin to Maintain Forouzan Oil Output
TEHRAN (Shana) -- Drilling operations have begun in the Forouzan oilfield to maintain and enhance oil output of the joint field.
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Cheshmeh Khosh Oil Pipeline to Ahvaz Explodes, Several People Killed
AHVAZ (Shana) -- The Iranian Central Oil Fields Company (ICOFC) announced the explosion of a 20-inch pipeline transporting crude oil from Cheshmeh Khosh to Ahvaz, southwestern Iran, during a search operation, which killed several people nearby.
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To return Iran to the oil market
Zanganeh: I will not withhold my consultation from President-Elect Raisi
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh stated that he would not withhold his consultation from the upcoming administration of Ebrahim Raisi for Iran's return to the world crude oil markets.
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President Rouhani:
Problem of Oil Industry Employees’ Salaries being Solved
TEHRAN (Shana) – Iranian President Hassan Rouhani emphasized that Iran has not had and does not have any problems in the production and export of crude oil, and said: "I promise the employees of the Ministry of Petroleum that their salary problems will be solved."
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Bandar Abbas Refinery Repairs Furnace while Operating
TEHRAN (Shana) -- For the first time in Iran, the specialists of Bandar Abbas Oil Refinery succeeded in breaking the record of repairing the roof of an operating furnace, a record which previously belonged to an American company.
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Iran Denies Having Sent Oil Tanker to Lebanon
TEHRAN (Shana) -- A spokesman for the Ministry of Foreign Affairs said: "Iran has not sent any oil tankers to Lebanon, but all countries know Iran's capacity to export petroleum products, so we will respond to this request whenever we are asked for help."
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Asmari Reservoir of Abuzar Oilfield Online
TEHRAN (Shana) -- The Iranian Offshore Oil Company (IOOC) announced production of oil from the Asmari reservoir of Abuzar oilfield for the first time in the history of the field's development.
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Iran says Oil Revenue Fell over $100b since 2018
TEHRAN (Shana) -- In a report on oil sales performance during the escalation of sanctions and the economic war, Iranian Minister of Petroleum Bijan Zangeneh said that in the three years of the economic war, Iran’s oil revenues fell by more than $100 billion.
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Spokesman:
“Iran has regained part of its oil market share”
TEHRAN (Shana) -- A Foreign Ministry spokesman said: "During the failed US maximum sanctions, the main goal of the oil industry was to regain Iran's share of the oil market. In the last one year, we have regained part of this share.”
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Jask Port to Become Important Port for Iran Oil Exports
TEHRAN (Shana) – Iranian President Hassan Rouhani said: “Jask will soon be an important export port for Iranian oil. Until today, if Iranian oil was exported from Khark Island, from now on exports will be made from both Khark and Jask.”
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Oil Industry Innovation, Technology Park signs 5 Agreements
TEHRAN (Shana) -- Five cooperation agreements were signed between the Oil Industry Innovation and Technology Park with the Ministry of Science, Isfahan Scientific and Research Development, Shiraz University of Technology and Amirkabir University of Science and Technology.
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RIPI Inks Deal to Commercialize Water Treatment Technical Savvy
TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) has signed a contract to commercialize water treatment technical knowhow with Aban Accelerator Company.
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NIOC Prepared for Speedy Resumption of Iran Oil Production
TEHRAN (Shana) -- The deputy director of production at the National Iranian Oil Company (NIOC) said: "Precise planning has been done to restore oil production to the pre-sanctions levels in one-week, one-month and three-month intervals, and if the sanctions are lifted, most of the country's oil production will be revived within a month."
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Production Resumed at Tehran Oil Refinery
TEHRAN (Shana) -- The CEO of Tehran Oil Refining Company announced the resumption of operations at the refinery. According to the public relations office of the Tehran refinery, Hamed Armanfar announced: “Due to the complete and successful extinguishing of the fire by the rescue operations teams, production in the Tehran refinery has resumed.”
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One Year On, Kazempour Ardebili Loss Still Felt
TEHRAN (Shana) -- Last year on April 17, Iran’s long-serving governor for OPEC Hossein Kazempour Ardebili passed away. A figure of international renown, he was a key official in Iran’s petroleum industry, not to mention his long background in political and economic sectors.
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Golden Year for ICOFC in Oil/Gas Output Hike
TEHRAN (Shana) -- Iranian Central Oil Fields Company (ICOFC), a subsidiary of National Iranian Oil Company (NIOC), fulfilled entirely its obligations in maximum efficient recovery and maximum oil and gas production last calendar year to 21 March 2021. ICOFC had prioritized oil and gas fields shared with neighbors and supplying domestic needs in the household and industrial sectors. ICOFC’s activities indicate the company’s full readiness to increase output to pre-sanctions levels.
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17th OPEC+ Meeting
TEHRAN (Shana) -- The 17th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, convened on Tuesday, 1 June 2021.
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17th OPEC+ Meeting Begins
TEHRAN (Shana) -- The 17th meeting of the Oil and Energy Ministers of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, a grouping called OPEC+, started a few minutes ago.
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Return of Iran Crude Oil to Market, Orderly, Transparent: Barkindo
VIENNA (Shana) – OPEC Secretary General HE Mohammad Sanusi Barkindo said the return of Iranian production and exports to the global market will occur in an orderly and transparent fashion.