oil

OPEC 177th Meeting

VIENNA (Shana) -- The 177th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 December 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People's Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. On Friday, 6 December, the 7th OPEC+ meeting was also held.
2019-12-08 18:11
NIDC Drills 111,000 m of Oil, Gas Wells in 8 Months

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has drilled 111,000 meters of oil and gas wells since March 2019.
2019-12-01 15:42
Iran to Dig New Wells in North Azadegan

TEHRAN (Shana) -- The operator of Azadegan Oilfield Development Project said plans were under way to drill a number of new wells in the joint oilfield.
2019-11-23 16:46
Air Compressor Restored after 20 Years in Lavan

TEHRAN (Shana) -- Restoration of an air compressor after 20 years has saved the Iranian Offshore Oil Company (IOOC) at least IRR7,000 million.
2019-11-13 18:41
NIOC to Offer 6mb of Crude Oil, Gas Condensate at IRENEX

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) has planned to put for sale 6 million barrels of crude oil and gas condensate on the Iran Energy Exchange (IRENEX) next week.
2019-11-13 18:39
Namavaran: 2nd Largest Oil Reservoir in Iran

TEHRAN (Shana) -- Experts at the National Iranian Oil Company’s exploration department have discovered a new oil reservoir in Khuzestan Province, which holds 22 billion barrels of crude oil in place.
2019-11-12 17:11
Exploration Atlas of Iran Oil, Gas Fields Unveiled

TEHRAN (Shana) – The Atlas of Iran's oil and gas fields which were explored after the 1979 Islamic Revolution was unveiled by the National Iranian Oil Company (NIOC)'s exploration department.
2019-11-11 13:49
Iran Names Newly-Discovered Oilfield Namavaran

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the newly-discovered oilfield in Khuzesan was named Namavaran, adding the field had an oil in place estimate of 53.3 billion barrels.
2019-11-11 10:31
Iran Discovers New Oilfield in Khuzestan: Rouhani

TEHRAN (Shana) -- Iranian President Hassan Rouhani announced the discovery of a new oilfield in the south-western province of Khuzestan.
2019-11-10 13:02
SZOGPC Localizes Technology to Construct Borehole Imager

TEHRAN (Shana) – Iran’s South Zagros Oil and Gas Production Company (SZOGPC) has indigenized construction of borehole imagers which was previously monopolized by a few foreign companies.
2019-11-05 18:19
KOGPC to Carry out Rls.800b Environmental Projects

TEHRAN (Shana) -- Karoon Oil and Gas Production Co. (KOGPC) has planned to spend 800 billion Iranian rials on environmental projects.
2019-11-03 17:46
NIDC Experts Build Batch Mixer

TEHRAN (Shana) – Iranian experts at the National Iranian Drilling Company (NIDC) have successfully designed and built batch mixers which are used in well acidizing operations on offshore platforms.
2019-11-02 15:34
Euro-5 Gasoil Output of PGSR at 20ml/d

TEHRAN (Shana) – The CEO of the Bandar Abbas Gas Condensate Refinery (also called the Persian Gulf Star Refinery-PGSR) said the facility supplied an average of 17 to 20 million liters per day of Euro-5 gasoil.
2019-10-23 16:29
Iran Wealthy in Oil Exploration Capacity

TEHRAN (Shana) -- An Iranian official says that the country is teeming in oil exploration potentialities.
2019-10-22 16:39
Iran Reports Oil Tanker Strike to UN: SPOX

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said that last week’s attack on Iran’s oil tanker in the Red Sea was backed by a government, adding Iran had reported the incident to the United Nations.
2019-10-21 15:17
NIOC Seeking Novel Financing Methods to Fund Petroleum Projects

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) CEO said his company was considering the use of a variety of securities and new methods of financing to attract public capitals to accelerate implementation of oil and gas projects.
2019-10-16 19:06
Iran Response to SABTI Strikers, Harsh

TEHRAN (Shana) -- “Iran will give a harsh response to those involved in Iranian oil tanker,” Secretary of Iran's Supreme National Security Council Rear Admiral Ali Shamkhani said.
2019-10-16 16:52
1st Int'l Downstream Showcase to be held in February

TEHRAN (Shana) – The first International Exhibition of Oil, Gas and Petrochemical Downstream Industries will be held in Tehran on February 2 to 5, 2020.
2019-10-15 16:56
Investigation into Iran Tanker Attack in Red Sea to Continue: Rouhani

TEHRAN (Shana) -- Iranian President Hassan Rouhani said investigations would continue to determine who were behind the Friday missile strike on an Iranian oil tanker in the Red Sea.
2019-10-13 18:43
Iran Self-Sufficient in Oil Exploration: Official

TEHRAN (Shana) -- The deputy NIOC director of development and engineering affairs said Iran was fully self-sufficient in exploration activities.
2019-10-13 17:11
Iran Firms Ready to Step in Exploration Projects

TEHRAN (Shana) -- The Managing Directors of OIEC and TEKNO companies has indicated their companies’ readiness to step in sophisticated exploration projects in Iran.
2019-10-13 16:52
Missile-Stricken Iran Oil Tanker Back Home in 10 Days

TEHRAN (Shana) -- The CEO of the National Iranian Tanker Company (NITC) said that SABITI, an NITC-owned oil tanker which was hit by two missiles on Friday morning, was en route home and would arrive in Iran within 9 or 10 days.
2019-10-12 14:12
One Barrel Oil?

2019-10-12 12:44
Iran Oil Tanker Heading to Persian Gulf: NITC

TEHRAN (Shana) -- National Iranian Tanker Company (NITC) announced that SABITI Oil Tanker which was probably hit by missiles in the Red Sea was sailing towards the Persian Gulf.
2019-10-11 15:05
Spox Reacts to Iran Oil Tanker Blast

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs expressed concern over the environmental pollution caused by oil leakage of a blast-hit Iranian tanker in the Red Sea.
2019-10-11 13:21
NITC Says No Country has Helped Stricken Iran Tanker in Red Sea

TEHRAN (Shana) -- The CEO of the National Iranian Tanker Company (NITC) said no ship nor any authority had responded to distress messages of the blast-hit Iranian tanker in the Red Sea.
2019-10-11 13:13
Blast Rocks Iranian Oil Vessel in Red Sea

TEHRAN (Shana) -- An Iranian oil tanker was hit by two blasts at 5 and 5:20 a.m. local time 60 miles off Jeddah Port, Saudi Arabia on Friday.
2019-10-11 12:42
Iran Euro Petrol Output at 91ml/d

TEHRAN (Shana) – A senior Iranian energy official said that the country’s petrol output that meets Euro qualities stood at 91 million liters per day.
2019-10-09 18:00
Offshore Sections of 27 South Pars Phases Fully Developed in 2020

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the offshore sections of 27 South Pars phases would be fully developed in the first half of 2020.
2019-10-08 11:36
Phase I of Azar Oilfield Complete by March 20

TEHRAN (Shana) – The first phase development project of Azar Oilfield will be complete with 65,000 b/d of crude oil production capacity.
2019-10-05 16:46