oil
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Iran Boosts Darkhovin Oil Output
TEHRAN (Shana) -- The CEO of Arvandan Oil and Gas Company said the production capacity of Darkhovin Oilfield had increased by 20,000 b/d over the course of the past 12 months.
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NISOC Saves Costs by Localizing Demulsifiers
TEHRAN (Shana) -- The localization and optimal use of demulsifiers by the National Iranian South Oil Company (NISOC) have resulted in cost savings of the company by over Rl. 270 billion.
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Oil Figures in Iran’s Contemporary History: From Conspiracy to Death
TEHRAN (Shana) -- Iran’s oil history has been into ups and downs. It would not be exaggeration if we say that we have had several hundred years of history throughout one hundred years of oil operation. In historical events, some persons have played significant roles, leading either to success or to failure. Some have served the country and some have turned out to be traitors. In fact, such figures make history and drive it forward. Decisions and behaviors of historical figures have been influential on Iran’s contemporary history. Getting to know this history can open a bright horizon for us. Here we review some of these figures:
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2019 Oil Market Hotbeds
TEHRAN (Shana) -- The year 2019 was fraught with events for global oil markets. However, as far as the pricing was concerned the impacts were weak and short-lived on the market. That could have largely affected the oil market in the middle of the decade, but by the end of the last decade of the 21st century, the impact has been meager. In other words, 2019 ended the same way it had started. No significant development was witnessed in the trend of prices with which are mainly concerned producers, consumers, speculators and market analysts. Nonetheless, in the final hours of 2019, oil prices experienced an unpredicted jump to cross $70 a barrel, an unprecedented record since 2018.
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Azadegan Up for Investment
TEHRAN (Shana) -- The Azadegan oil field is Iran’s largest oil field and the third largest field in the world, just behind Saudi Arabia’s Ghawar and Kuwait’s Burgan oil fields. Azadegan was discovered in 1997. It covers an area of 20 kilometers in width and 75 kilometers in length in Azadegan Plan, some 100 kilometers west of the city of Ahvaz. Azadegan was initially estimated to hold 33 billion barrels of oil. In 1999, a new oil layer with 2.2 billion barrels was discovered in this field. Azadegan is divided into South Azadegan and North Azadegan.
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Iran Oil ‘Takes Off’ for Mastering Technology
TEHRAN (Shana) -- Iran’s petroleum industry has accelerated its development after dealing with tough conditions of sanctions over a decade and going into ups and downs. Nationalization of technical knowhow and acquisition of cutting-edge technologies have always constituted a major cause of concern for Iran’s petroleum industry. That has gathered steam in recent years thanks to efforts made by Petroleum Ministry managers in meeting the country’s needs and making maximum use of domestic capabilities.
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NIDC Drillings Hit 132,000 Meters in 10 Months
TEHRAN (Shana) -- National Iranian Drilling Company has announced it successfully drilled over 132,000 meters of oil and gas wells over the course of the past 10 months.
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Iran Eyes Enhanced Oil Recovery in Azadegan Joint Field
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said plans were under way to enhance oil recovery factor of the Azadegan joint oilfield in the near future.
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Iranian Builders Supply 85% of Oil Industry Equipment
TEHRAN (Shana) -- The chairmen of the board of directors of the Iranian Oil Industry Equipment Manufacturers Association said that the share of Iranian manufacturers and craftsmen in the supply of oil industry equipment has reached 85%.
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Iran Saves $1b by Replacing Gasoil Fuel with Gas in Kish Power Plant
TEHRAN (Shana) -- The head of the Iranian Offshore Oil Company’s Kish District said by replacing gasoil with gas in the island’s power plant, the country has saved an equivalent of $1 billion worth of gasoil.
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Iran Boosts Parsi Oilfield Output
TEHRAN (Shana) -- Well #44 of Parsi Oilfield was commissioned and operated using gas lift technique which has increased the field's oil output by 1,000 b/d.
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Iran Self-sufficient in Production of Wellhead Valves
TEHRAN (Shana) -- A member of the Iranian Oil Industry Equipment Manufacturers Association said the country was self-sufficient in production of wellhead valves.
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Persian Gulf Star Refinery among Top 10 Iran Firms
TEHRAN (Shana) – The CEO Persian Gulf Star Oil Company said his company was ranked among the top 10 companies in Iran.
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Iran Oil Output from North Azadegan hits 100 mb
TEHRAN (Shana) – Iran’s crude oil production at North Azadegan Joint Oilfield has reached 100 million barrels since 2016.
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Iran Eyes Enhanced Output at North Yaran Oilfield
TEHRAN (Shana) – The CEO of Petroleum Engineering and Development Company (PEDEC) said new downhole pumps were being installed in North Yaran Oilfield which would increase the field’s oil output by the end of the current Iranian calendar year to March 20 2020.
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Wellhead Platform Loaded for Salman Oilfield
TEHRAN (Shana) -- The S1 Platform of Salman Oilfield, built by relying on domestic capabilities, has been loaded from Khorramshahr Yard.
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No Worries Concerning Low-Sulfur Fuel Supply for OGVs: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country could supply the needs of ocean-going vessels (OGC) to low-sulfur fuel domestically.
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Countdown Begins for Full Productivity of Azar Joint Field
TEHRAN (Shana) – The operator of Azar Joint Field Development Project said several sections of the central processing unit of the project were about to start early production, bringing the field’s output to the planned level.
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Oil Prices Rise in Volatile Conditions: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said instability had spurred a price rise in the oil market, and said: "Psychologically speaking, there is somewhat of an upward trend in oil prices currently."
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NIDC Localizes Strategic Coolant
TEHRAN (Shana) – Researchers at the National Iranian Drilling Company (NIDC) have successfully produced and localized ELC super coolant.
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NIDC Drills 88 Wells since March
TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has successfully completed drilling operations on 88 oil and gas wells over the first 9 months of the current calendar year, which began on March 21.
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Tests Start in Sardar-e-Jangal
TEHRAN (Shana) -- Ahmad Shirzadi, exploration director at Khazar Exploration and Production Company (KEPCO), has announced the start of two major projects within areas run by this company.
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Why Namavaran Discovery Is a Breakthrough
TEHRAN (Shana) -- Iran’s President Hassan Rouhani, during a provincial tour of Yazd in October, said the country’s second largest oil reservoir had been discovered. Iran’s Petroleum Minister Bijan Zangeneh said the reservoir, named Namavaran, held 22 billion barrels of oil in place, 2.2 billion barrels of which would be recoverable.
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Future of Oil, Future of World
TEHRAN (Shana) -- Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503,000 b/d from their total production in a bid to help stabilize the oil market. The OPEC and non-OPEC producers would now remove a total of 1.703 mb/d of oil from their output.
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Overhaul of gas turbines machine in AOGPC
TEHRAN (Shana) -- Aghajari Oil and Gas Production Company (AOGPC) has successfully overhauled 21 gas turbines in its repair shop.
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CBI to Finance Siraf Refining Project
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said that the central bank of Iran (CBI) was to bankroll Siraf refining project by investing Rls. 200,000 billion in the plan.
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Localization of 8,000 Oil, Gas Items in MOGPC since March
TEHRAN (Shana) – The managing director of Maroon Oil and Gas Production Company (MOGPC) said his company had managed to localize manufacturing of 500 items including 8,000 pieces used in oil and gas operations since March.
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Gas Emissions Nearly Eradicated at KOGPC
KHUZESTAN (Shana) – The CEO of Karoon Oil & Gas Production Co. (KOGPC) said his company had invested over a billion dollars to prevent gas emissions in its operations which was currently 95% complete.
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GOGPC Signed 54 Deals with Local Suppliers for Building Items
KHUZESTAN (Shana) -- Gachsaran Oil and Gas Production Company (GOGPC) has signed 54 deals with local manufacturers for production of oil industry items and parts.
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NISOC Displays List of Needed Items for Domestic Manufacturing
KHUZESTAN (Shana) -- The National Iranian South Oil Company (NISOC) has provided a list of 7,500 items to be developed by local manufacturers.