oil
-
Owji Tweets on Oil Industry Investment
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced in a post on his Twitter account that more than 45 contracts and memorandums worth $15.6 billion have been signed in the first six months of the Raisi administration.
-
Iran Oil Exports Rising regardless of Vienna Talks
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC), referring to the desire of Asian companies to buy Iranian crude oil despite the sanctions, said: "Regardless of the outcome of the JCPOA talks, and given the high demand for oil in the market, Iran will continue to boost its sales.”
-
Iran exports Gasoil Shipments to Asia
TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced the export of three shipments of Iranian diesel to Asian countries last month.
-
Iran to invest $4b in Khuzestan Oil Industry
TEHRAN (Shana) -- The Executive Vice President, stating that $4 billion will be invested in the oil sector in Khuzestan province, said: "The entire administration, Imam Khomeini Headquarters, the Foundation for the Oppressed and the operating banks have closed ranks to upgrade Khuzestan to its true status."
-
Investment in Oil Industry, a Vital Necessity: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said investment in the petroleum industry of the country was very crucial for the country, promising that by the end of the current administration all the associated gas in east and west Karoon regions would be collected.
-
Iran Eyes 500 mcf APG Collection in 2 Years
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "I can confidently say that about 500 million cubic feet of associated petroleum gas (APG) will be collected in the next one to two years to be fed to petrochemical complexes."
-
Iran Ready to Ramp up Output ASAP
TEHRAN (Shana) -- Iranian Minister of Petroleum Javad Owji said the country would readily enhance its crude oil output to help stabilize the global market.
-
Iran, Tajikistan to Expand Oil, Gas Ties
TEHRAN (Shana) – The Iranian Minister of Petroleum said that the Iran-Tajikistan Energy Working Group has been formed, adding that the level of trade between the two countries would pass 500 million Euros.
-
40% of Oil Export Revenue, Share of NDFI
TEHRAN (Shana) -- The members of the Islamic Consultative Assembly agreed to determine a 40% share for the National Development Fund of Iran (NDFI) in the revenues reaped from the export of crude oil and gas condensate in the budget bill of the calendar year of 1401 which begins on March 21.
-
Petchem Deals worth Rls.150t Signed with Local Firms
TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said 200 memoranda of understanding (MoUs) valued at a total of 150,000 billion Iranian rials have been signed between PGPIC subsidiaries and local manufacturers.
-
$70 Oil, 1.4 mbd Sales Envisaged in Budget Bill
TEHRAN (Shana) -- The spokesman of the presidium of the Islamic Consultative Assembly said: “With the positive vote of the representatives in the open session, the amount of oil exports in the next calendar year will be considered at 1.4 million barrels per day at a price of $70/b.
-
Iran Contractors Engaged in Oil Industry
TEHRAN (Shana) -- Over recent years, due to the support programs of the Petroleum Ministry for Iranian manufacturers and contractors, the presence of these companies for the development of Iran's oil industry has been highly significant. Accordingly, considering the development plan of the Petroleum Ministry in the new government and also enhancing the quality of activity of Iranian companies, the expansion of bilateral cooperation with these companies is on the agenda of the Petroleum Ministry.
-
South Azadegan Output up 15,000 b/d by March
TEHRAN (Shana) -- The CEO of the Petroleum Engineering and Development Company (PEDEC) said: "We are trying to enhance the production capacity of the Azadegan South oil field by 15,000 barrels by the end of the current calendar year, which began on March 21."
-
Iran to Double Petchem Output by 2032
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) announced that the production capacity of Iran's petrochemical output will more than double by 2032.
-
Iran Gaining Prominent Status with MOP Efforts
TEHRAN (Shana) – Iranian President Ebrahim Raisi said that today in different parts of the Ministry of Petroleum, the spirit of jihad prevails, adding the measures taken by the ministry can place the country in a superior status not only in west Asia but also the world arena.
-
Defeat of US Maximum Pressure Campaign on Iran
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said that the US campaign of maximum pressure against Iran had failed, adding: "Oil industry workers are soldiers of economic jihad and at the forefront of the economic war."
-
NIOC Inks Deal to Develop Sohrab Joint Field
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has signed a $800-million contract with Dana Energy Company for the development of Sohrab joint oilfield.
-
Sophisticated Drilling Tools Localized
TEHRAN (Shana) – An Iranian knowledge-based company has successfully designed and localized Free Point tools in the field of drilling oil and gas wells.
-
OPEC+ Agrees to Boost Output by 0.4 mbd in March
TEHRAN (Shana) -- The 23-member states of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a coalition called OPEC+) agreed at their 25th meeting to increase the group’s crude oil output by 400,000 barrels per day in March.
-
Domestic Manufacturing Largely Supported
TEHRAN (Shana) -- Iran’s petroleum industry, while having an important and strategic position among the country’s industries, has high ability to take advantage of innovative opportunities to create value in its chain of activities. In this regard, strengthening the flow of knowledge-based economy and meeting the technological needs of industry through innovation capacity and relying on domestic potential are among top policies of the Petroleum Ministry in the current administration.
-
World Oil and Gas Market in 2022
TEHRAN (Shana) -- As 2021 is coming to a close and 2022 arrives just fresh from the calendar, international oil markets seem to be quietly warming up for the beginning of a new era. The future for the oil and gas industry has changed for the better or worse.
-
40% Rise in Iran Oil Sales Compared to Last Month of Ex-Admin: Min.
TEHRAN (Shana) -- The Iranian Minister of Economy and Finance said that the sale of oil and gas condensate, while no agreement has been reached yet, has increased by 40% compared to the last month of the previous administration, which shows an active approach in difficult conditions.
-
Bank Mellat Fully Ready to Boost Oil Investment
TEHRAN (Shana) -- The CEO of Bank Mellat announced the bank's 100% readiness as an energy bank to enhance investment in oil industry projects in hard currency and Rials.
-
Oil Industry Pension Fund to Invest $3 billion in Oil Projects
TEHRAN (Shana) -- The chairman of the board of directors of the Oil Industry Pension Funds announced the formation of the High Council of Projects in the group of funds, and said: “$3 billion will be invested over three years for about 20 projects, which are mainly in the field of oil and energy.”
-
Iran Petroleum Products Exports to hit $48b
TEHRAN (Shana) -- The chairman of the board of directors of the Union of Exporters of Petroleum, Gas and Petrochemical Products announced the forecast of $48 billion in exports of downstream petroleum products by the next Iranian calendar year.
-
NIOC Eyes 5.7mbd in 8 Years: Official
TEHRAN (Shana) -- The Director of Integrated Planning of the National Iranian Oil Company (NIOC) announced the company’s plans to ramp up Iran's crude oil production capacity to 5.7 million barrels per day over the next eight years.
-
New Strategy for Running Int'l Projects at IGEDC
TEHRAN (Shana) -- The CEO of the Iranian Gas Engineering and Development Company (IGEDC) stated: “There are many opportunities to improve and advance in the management of the company's projects with a new strategy for implementation of international projects that should be utilized by taking advantage of internationally valid models and maximum use of the available competencies.”
-
Russian Firms to Develop Iran Oil, Gas Fields
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the development of Iran's oil and gas fields with the participation of Russian companies.
-
Iran to Become Key Player in Energy Market in Coming Year
TEHRAN (Shana) -- The head of the Planning and Budget Organization said: “Iran, having the largest oil and gas reserves, will be one of the key players in the energy market in the coming years.”
-
Oil Revenues Grow Sharply under Raisi Admin
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said in a post on his Twitter account: “The collection of oil revenues in the 13th administration has jumped significantly compared to before, and its money is being collected regularly.”