oil
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Oil, Gas Not Weapons: Zangeneh
MOSCOW (Shana) – Iranian Minister of Petroleum Bijan Zangeneh told a specialized panel at the Russian Energy Week: “We believe that oil and gas are not weapons.”
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NISOC, PetroIran Ink Pump Production MOU
TEHRAN (Shana) – The National Iranian South Oil Company (NISOC) and PetroIran Co. have signed a contract for application of multi-phase pumps in oil fields.
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MOGPC H1 Output Beyond Expectations
TEHRAN (Shana) – The CEO of Maroon Oil and Gas Production Company (MOGPC) said the company’s oil production was 105.9 percent of its planned output during the first half of the current calendar year, which began on March 21.
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Progress Continuing in Oil Industry Despite Pressures: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country would continue progressing in oil industry despite the current pressure on the country by its enemies.
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PEDEC Inks Deal with Iranian Partners for Building Electropumps
TEHRAN (Shana) – The Petroleum Engineering and Development Company (PEDEC) has signed a contract with three Iranian firms for manufacturing and maintaining electropumps for Goreh-Jusk Oil Pipeline Project.
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Iran, Syrian Private Sector Firms to Cooperate in Oil Projects
TEHRAN (Shana) -- The Syrian minister of petroleum and mineral resources visited Iran’s chamber of commerce, voicing the interests of his country’s private sector in joint economic activities with Iranian partners.
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US Using Oil as Weapon: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh stressed the non-political nature of oil, saying the US was using oil as a weapon which was not the right approach.
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Iran Welcomes Oil Buyers: Spox
TEHRAN (Shana) -- The spokesman of the Iranian Government said the country would welcome any country that wished to buy oil from Iran.
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CNPCI Practically Out of SP. 11 Project: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said that China’s CNPC International had practically pulled out of the South Pars Phase 11 development project despite not having officially stated so.
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Market Survey Needed for Ensuring Effectiveness of Deeper Oil Output Cuts: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the market’s reaction to deeper supply cuts by OPEC+ needed to be assessed in order to ensure the plan’s effectiveness.
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Startups, New Energy Business Sector
TEHRAN (Shana) -- A new business sector is emerging in Iran’s petroleum industry. Several years after the formation of knowledge-based companies in this vital sector, it is now oil startups’ turn. The startups are expected to develop creative ideas with a view to reducing production costs and boosting productivity in the petroleum industry.
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Tehran Waiting for Realization of Europe Promises for Buying Iran Oil: SPOX
TEHRAN (Shana) -- Spokesman for the Iranian Administration Ali Rabiei said Tehran was waiting for Europe’s promises to buy oil from Iran and deliver its money to the country.
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Iran Could Resume JCPOA Commitment If Europe Buys Oil: Rouhani
TEHRAN (Shana) -- Iranian President Hassan Rouhani said that the country would resume its commitments to the Joint Comprehensive Plan of Action (JCPOA) if Europe could purchase or pre-purchase its oil.
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IOOC Saves €300m/Y in Operations: CEO
TEHRAN (Shana) -- The CEO of the Iranian Offshore Oil Company said that his company had been saving 300 million Euros in its annual expenses since 2016.
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Interaction with Iran Benefits Foreign Firms
TEHRAN (Shana) -- Iran sits atop the world’s largest hydrocarbon reserves and is located on the energy corridor route. However, in the aftermath of the 1979 Islamic Revolution, the United States has been using every tool at its disposal to keep Iran from becoming a key energy player.
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Modern Technologies, Oil Industry Development Pulse
TEHRAN (Shana) -- The Reservoir Management and Field Development Division of the Research Institute of Petroleum Industry (RIPI) is a dynamic specialized and scientific center seeking to bring about new changes in the upstream petroleum industry based on modern technologies and latest scientific achievements.
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Oil in Abadan and MIS
TEHRAN (Shana) -- Masjed Soleiman (MIS) and Abadan were the most known socio-engineering examples of the operation of a British company in Iran. These two cities were established in the Third World Iran in the form of modern colonies. The necessity of establishment of such cities following the discovery of oil in the region, their general shape and division of localities, form of houses and districts and the Anglo-Persian Oil Company (APOC)’s authority over these cities are among important points to be taken into consideration.
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Iran to Begin SP.11 Development before March 2020: Official
TEHRAN (Shana) -- An official with the National Iranian Oil Company (NIOC) said that the development project of South Pars Phase 11 would commence this calendar year, which ends on March 20.
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AOGPC Builds 1,500 Oil Industry Items
TEHRAN (Shana) – Aghajari Oil and Gas Production Company (AOGPC) has domestically manufactured 1,563 process equipment in oil industry in the first half of the current calendar year, which began on March 21.
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NIOC Ready to Maximize Iran Oil Output: Official
TEHRAN (Shana) -- A senior official with the National Iranian Oil Company (NIOC) said that the company was ready to resume the country’s maximum crude oil production.