Iran's Oil Exports in Good State: MP

TEHRAN (Shana) -- A member of the presidium of the Energy Committee of the Islamic Consultative Assembly said: "Iran's oil exports are in a favorable condition and we will experience better conditions by bartering oil with goods and services."

Iran-Venezuela Oil Cooperation Must Take A New Form: President

TEHRAN (Shana) -- "Iran-Venezuela oil cooperation must take a new form and we need to take further steps in the field of refining and petrochemical resources," Iranian President Ebrahim Raisi said.

Head of Presidential Office:

Gas Swap Deal, Result of Activating Asia-Based Economic Diplomacy

TEHRAN (Shana) – Head of the presidential office said that the recent gas swap deal between Iran, Turkmenistan and Azerbaijan was the result of activating Asia-based economic diplomacy.

Conference on Technology Management and Innovation to be held

TEHRAN (Shana) -- The 11th International Conference and the 15th National Conference on Technology Management and Innovation will be held on December 8 and 9 at the Oil Industry Technology and Innovation Park.

Continued Investment in Oil Industry, Strategic: MP

TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Consultative Assembly said that the continuation of investment in the oil industry is an important and strategic issue, adding: “Investing in two areas of human resources and development of oil and gas fields should not be seen as a current cost.”

23rd OPEC+ Meeting Opens

TEHRAN (Shana) -- The 23rd meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) began a few minutes ago via videoconference.

Iran Oil Sales Dramatically Higher than Last Year

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "The amount of oil sales has increased dramatically compared to last year."

President:

Iran Ready to Develop Oil, Gas Courses for ECO Members

TEHRAN (Shana) – Iranian President Ebrahim Raisi said: “The Islamic Republic of Iran is ready to develop oil and gas training programs for ECO member countries.”

85% of Oil, Gas, Petchem Equipment Locally Manufactured

TEHRAN (Shana) -- The chairman of the board of directors of the Association of Oil Industry Equipment Manufacturers said 40% of the manufacturing capacity of the association is empty, adding: “Currently, 85% of oil, gas and petrochemical equipment is produced inside the country.”

UPDATED--NIOC not waiting for Foreigners

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the company would welcome the arrival of foreign investment, saying: "If for any reason foreign investment is not materialized, different scenarios are on the table and we will not keep waiting for them."

NIDC Drills 46 Oil, Gas Wells in 8 Months

TEHRAN (Shana) -- The Deputy CEO of the National Iranian Drilling Company (NIDC) announced the drilling and completion of 46 oil and gas wells in the onshore and offshore oil-rich regions of the country in the first eight months of the current Iranian calendar year which began on March 21.

Iran Eyes More Oil Sales in Coming Months

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "In the coming months, more success will be achieved in the export of crude oil and gas condensate."

Financing of Dehloran Petchem Project should Accelerate: Official

TEHRAN (Shana) -- The Chairman of the Board of Directors of the Oil Industry Pension Funds said financing of Dehloran Petrochemical Project should be accelerated so that this project could be put into operation in a reasonable time.

NIOC Seeking Win-Win Opportunities in Investment Sector: CEO

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) emphasized the need to facilitate investment in the oil industry, saying: "When we say we should improve contracts and increase bargaining power and attractiveness of projects, it does not necessarily mean changing the nature of past methods, but seeking to improve and create winning opportunities in the investment sector.”

South Pars Gas Condensate Loading Capacity Up

TEHRAN (Shana) -- The operator of phase 19 of South Pars announced the loading of the shipment of one million barrels of gas condensate through the single point mooring (SPM) of phase 19 of South Pars.

Tehran, Baku to Sign New Cooperation Docs

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and the Deputy Prime Minister of the Republic of Azerbaijan announced the signing of new documents on Tehran-Baku cooperation in the oil and gas sector in the near future.

Embassy of the Russian Federation in Tehran:

False News by Western Media Aimed at Damaging Iran-Russia Relations

TEHRAN (Shana) -- The Russian embassy in Tehran has denied reports by certain Western media outlets that the Russian Federation has access to the Caspian Sea gas field.

MOP Boosting Iran Oil Sales: MP

TEHRAN (Shana) -- The spokesman of the Energy Committee of the Islamic Consultative Assembly said: "With the efforts made by the Ministry of Petroleum, we are witnessing an uptick in the sale of oil and products and the return of its resources to the country, which is to be appreciated."

16-inch Maroon Gas Injection Pipeline Secured

TEHRAN (Shana) -- The 16-inch outlet line of the Maroon Gas Injection Station, which suffered a minor leak and fire at 7:15 a.m. today (Wednesday, November 17), has been secured.

Iran Slowly Boosting Oil Sales: MP

TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Consultative Assembly said: "Iran is slowly increasing oil sales and with the plans made, we can hope for more exports."

$4b Needed to Recover 100mcm/d Gas from North Pars 

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said with a $4-billion investment in the development of the North Pars field, 100 million cubic meters per day of gas will be produced from the field.

Completion of 1st Sweetening Train of Phase 14, NIOC Priority

TEHRAN (Shana) -- The Deputy of Production at the National Iranian Oil Company (NIOC) said: "Operation of the first gas sweetening train of phase 14 refinery by early December is an important priority for the Company.

Hard Currency Resources from Oil Exports Up: CBI

TEHRAN (Shana) -- The spokesman of the Program and Budget Committee of the Islamic Consultative Assembly said: "According to the report of the Governor of the Central Bank of Iran, the total hard currency resources from oil, gas, gas condensate exports have risen significantly compared to last year."

State of Oil, Petchem Exports, Good: MP

TEHRAN (Shana) -- A member of the presidium of the Energy Committee of the Islamic Consultative Assembly said: "Iran's oil and petrochemical exports are in a favorable condition and we will face better conditions by bartering oil with goods and services."

NIDC Quality Management System Certificates Extended

TEHRAN (Shana) -- The head of the Structure and Productivity Engineering Department of the National Iranian Drilling Company (NIDC) announced the renewal of the Integrated Management System (IMS) certificates including ISO9001, ISO14001 and ISO45001 in the company.

Oil Well Production Maintenance Plans Ongoing: Official

TEHRAN (Shana) -- The Deputy CEO of the National Iranian Oil Company (NIOC) for Development and Engineering Affairs said: “Implementation of plans to maintain and enhance oil production will continue at a faster pace than before.”

Investment Structure Necessary in NIOC Subsidiaries: CEO

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company emphasized that the business and investment structure should be established and active in the subsidiaries of the National Iranian Oil Company and the export-oriented approach should be considered in all sectors.

NIOC Exploration Director Appointed

TEHRAN (Shana) -- In a decree, the Deputy Minister of Petroleum appointed Mehdi Fakoor as the Director of Exploration of the National Iranian Oil Company.