oil
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Iran Wealthy in Oil Exploration Capacity
TEHRAN (Shana) -- An Iranian official says that the country is teeming in oil exploration potentialities.
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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.
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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.
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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.
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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.
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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.
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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.