oil
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India Refraining from Developing Iran Gas Field due to Sanctions: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said India was not planning to develop Iran’s Farzad B gas field due to sanctions.
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1st Economic Forum of the Caspian Littoral States Due on August 11, 12
TEHRAN (Shana) -- The first economic forum of the Caspian littoral states will be held on August 11 and 12, with representatives of governments, the private sector, academic communities and a number of international organizations in Turkmenistan’s Awaza.
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NIOC to Offer 2 mb of Gas Condensate at IRENEX
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to sell 2 million barrels of gas condensate on the Iran Energy Exchange (IRENEX) on June 3.
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SZOGPC Launches 2 Oil Wells
TEHRAN (Shana) -- South Zagros Oil and Gas Production Company (SZOGPC) has started production from two development oil wells in Sarvestan and Sa’adat Abad operational districts.
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NIDC Drills 17 Oil Wells in 60 Days
TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) spudded 17 oil and gas wells in the first two months of the current calendar year, which began on March 21.
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Iran Raises Oil Export Safety
TEHRAN (Shana) -- National Iranian South Oil Company (NISOC) has launched a pump station in Goreh, the southern province of Bushehr, which will increase the security of the country’s oil exports.
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Desalination Unit of Masjed Soleiman
MASJED SOLEIMAN (Shana) -- Desalination Unit of Masjed Soleiman
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Doroud Awaiting Foreign Investment
TEHRAN (Shana) -- Iran’s 2015 historic nuclear deal with the West is known as the biggest important event in the petroleum industry in recent years. The agreement, which was achieved after 10 years of intensive diplomatic talks, cleared the way for the return of Iran’s oil to global markets. Iran intends to take advantage of this opportunity to relaunch ageing oil and gas fields, as well as decrepit petroleum industry infrastructure by attracting Western capital and expertise.
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“We will Elude Sanctions for Selling Oil:” Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said Iran would escape the US sanctions to sell its oil.
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NIOC to Sell 2 mb of Oil at Energy Exchange on May 28
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on May 28.
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Zangeneh Says Working in Tandem with Foreign Affairs Ministry on Iran Oil Demands from Europe
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said his ministry was working completely in tandem with the Ministry of Foreign Affairs regarding Iran's oil-related requests from Europe in the 60-day deadline that Tehran has given the European Union.
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Iran Oil Sanctions and Energy Security
TEHRAN (Shana) -- Today, May 19, Saudi Arabia hosts a meeting of OPEC+ monitoring committee to review oil market trends and possibly facilitate decision-making by OPEC members at their ordinary ministerial meeting next month in Vienna. This is the first meeting of OPEC and non-OPEC countries after the US administration decided to end waivers on Iran’s oil purchases since early May and push Iran’s oil exports to zero as a means to achieve its foreign policy objectives.
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Egypt Petroleum and Refining Industry
TEHRAN (Shana) -- Egypt sits atop 4.4 billion barrels of crude oil in place, and produces 650,000 b/d of crude oil and liquids.
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9 Deals Struck with Iranian Contractors
Iran Oil Fields to Raise Output
TEHRAN (Shana) -- Two subsidiaries of National Iranian Oil Company (NIOC) have signed nine agreements with seven Iranian contractors for the preservation and enhancement of recovery from Iranian oil fields.
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$77bn Investment in PSEEZ
Restrictions Relaxed for Investment Attraction
TEHRAN (Shana) -- The Iranian Petroleum Ministry has invested over $77 billion in the Pars Special Economic Energy Zone (PSEEZ) since 1998. Majid Asgharian, director of PSEEZ Investment Attraction and Economic Development Division, says an ad hoc committee has been set up to accelerate the process of attracting investment.
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BARKINDO:
There Can Never Be another OPEC
TEHRAN (Shana) -- OPEC Secretary General Mohammad Sanusi Barkindo has highlighted the uniqueness of the oil producer organization, dismissing the idea of emergence of any other such organization.
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IOOC Backs Domestic Manufacturers
TEHRAN (Shana) -- The CEO of the Iranian Offshore Oil Company (IOOC) voiced the company’s support for domestic suppliers and manufacturers.
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Omidiyeh-Ahvaz Oil Pipeline Resumes Operation
TEHRAN (Shana) – The 42-inch pipeline that carried oil from Ahvaz to Omidiyeh in southwest Iran is back to normal and operational after it caught fire on Monday.
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Safety Measures Implemented on Omidiyeh Pipelines
TEHRAN (Shana) -- Measures are being implemented to ensure the safety of Omidiyeh pipelines in southwest Iran, an oil official said.
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NIDC to Drill 23 Wells in South Azadegan by March 2020
TEHRAN (Shana) -- A project to drill 23 wells in South Azadegan Oilfield will complete before the end of the current calendar year, which began on March 21.
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IOTC Localizes Manufacturing of Industrial Valves
TEHRAN (Shana) -- The Iranian Oil Terminals Company (IOTC) has acquired the technical savvy for manufacturing parts of industrial valves which were previously monopolized by European and American companies.
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Fire under Control at Oil Pipeline in Southwest Iran
TEHRAN (Shana) -- A fire which broke out at an oil pipeline in southwest Iran after an accident on Monday is under control.
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Economic Attaches of 4 Countries Visit PSEEZ
TEHRAN (Shana) -- Iran’s Pars Special Economic Energy Zone hosted economic attaches from Japan, Belgium, South Africa and Azerbaijan.
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IGEDC to Build 4,100 km of Gas Pipeline by 2025
TEHRAN (Shana) -- The caretaker of the Iranian Gas Engineering and Development Company (IGEDC) said the company was planning to build 4,100 kilometers of pipelines for gas transmission by 2025.
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CEO: MOGPC Manufactured Over 5,000 Oil Industry Spare Parts in Year to March 2019
TEHRAN (Shana) -- Maroun Oil and Gas Production Company (MOGPC) managed to domestically manufacture more than 5,000 spare parts for its oil equipment and machinery in the year to March 2019, said the Iranian company’s managing director.
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NIOC Awarding 8 Field Development Projects
TEHRAN (Shana) -- A deputy CEO of National Iranian Oil Company (NIOC) has said that the development of eight fields was to be awarded to mainly Iranian companies.
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Output of Azar Oilfield at 65,000 b/d by Next March
TEHRAN (Shana) – Crude oil production at Azar Oilfield is planned to reach 35,000 b/d during the current Iranian calendar year which began on March 21, operator of the fields said.
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Oil Never a Political Tool for Iran: UK Embassy Official
TEHRAN (Shana) -- An official with the British Embassy in Tehran said that oil had never been used as a political tool by Iran.