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Iran’s Oil Production Up By 50 thousand b/d; IEA
SHANA (Tehran) - Iran’s oil production rose by 50 thousand barrels a day reaching 3.3 million barrels per day in April, the International Energy Agency (IEA) announced in its latest monthly report.
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Halting Gas Flaring A Success, DOE Head
SHANA (Tehran) --The Petroleum Ministry has spent 5 billion dollars so far to stop burning associated gases, a move that I would like to appreciate, hoping the initiative to be continued especially in the West Karoon region.
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Natural Gas Certificates Trade Soon
SHANA (Tehran) - The NIGC’s director for energy and carbon, Sajed Kashefi, says that trading of the natural gas saving certificates will be started in Iran’s Energy Exchange (IRENEX) in near future.
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NISOC Achieves 60 Percent Growth in Oil Production
SHANA (Tehran) - By relying on domestic capabilities, the National Iranian South Oil Company (NISOC) has succeeded in boosting oil production by 60 percent over the last two years.
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Collecting Associated Gases Reaching 40 mcm/d
SHANA (Tehran) - Since the 13th administration took office in August 2021, approximately 25 million cubic meters of associated gases have been collected that is going to reach 40 million cubic meters per day at the end of current Iranian calendar year 1403, ending on 20 March 2025.
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1000 Km of Pipeline Coming Online This Year, Owji
SHANA (Tehran) - To facilitate oil products transfer, one thousand kilometers of pipeline will come online this Iranian calendar year, ending on 20 March 2025, Iranian Minister of Petroleum, Javad Owji, said.
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Petroleum University to Establish an Academic Center in Africa
SHANA (Tehran) - The Petroleum University of Technology plans to establish an international academic center in Africa amid boosting cooperation with Iraqi and Russian universities, chancellor of the university, Mohammad Chehardoli, said.
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Iran Invites Kuwait to Negotiations Table on Arash Gas Field
SHANA (Tehran) - Iranian Foreign Affairs Ministry spokesman, Naser Kanaani, recommended the neighboring country Kuwait to start expertise and technical talks with Tehran on the Arash gas field.
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79 Oil Industry Projects Coming Online This Year, Owji
SHANA (Tehran) - Over the last Iranian calendar year of 1402, ended 19 March 2024, petrochemical production capacity surged by 5 million tons while oil and gas sectors grew by 20 percent, Iranian Minister of Petroleum, Javad Owji, said.
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High-ranking Officials visit 28th Iran Oil Show
SHANA (Tehrna) - Senior state and military officials visited Iran International Oil, Gas, Refining and Petrochemical Exhibition, known as Iran Oil Show 2024, announcing their support of domestic manufacturers.
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Petroleum Ministry at The Top of First-Time Production Activities
SHANA (Tehran) - Iran’s Vice-President for Scientific, Technology and Knowledge-Based Economy, Ruhollah Dehghani Firouzabadi, says that the Petroleum Ministry has won the first rank for the first-time production of strategic goods.
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800 Million Euros Allocated To IOOC’s Installations Renovation, CEO
SHANA (Tehran) - With the assistance of NIOC’s board of directors and allocation of 800 million euros during the past 2.5 years of the 13th administration in office, the Iranian Offshore Oil Company (IOOC) has been able to take appropriate steps to renovate its installations.
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Transit of Iranian Gas to Eastern Europe through Turkey Possible: Official
SHANA (Tehran) - Turkey is interested in buying more gas from Iran, said the director general of the Mediterranean and Eastern Europe department of the Foreign Ministry, adding that transit of Iranian gas to Eastern Europe through Turkey is possible.
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We Look Neither Negotiations nor Foreign Companies to Develop Oil Industry
SHANA (Tehran) - Since the 13th administration took office 2.5 years ago, we have waited neither for foreign companies nor negotiations to provide our needs to goods but have been looking for meeting our needs at home, Iranian Minister of Petroleum, Javad Owji said.
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Iran Offers Establishment of Energy Corridor From Russia to Persian Gulf
SHANA (Tehran) - Mojtaba Damirchilou, the secretary-general of the Eurasian Department at the Ministry of Foreign Affairs proposed the establishment of an energy corridor from Russia passing through Iran to the Persian Gulf on Saturday.
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Contracts Worth Over $1.1b Signed on Oil Industry Development
SHANA (Tehran) - The Ministry of Petroleum, the National Iranian Oil Company (NIOC) and the Iran Vice-Presidency for Science, Technology and Knowledge Based Economy Affairs signed 15 pacts with a total value of over $1.1 billion with Iranian companies in Tehran on Saturday.
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Iran, Turkmenistan Ready to Join Hands on Gas Industry
SHANA (Tehran) - Deputy Chairman of the Turkmengas State Concern Murad Archaev on Saturday highlighted the importance of bilateral cooperation with Iran in the gas industry, saying that the export of techno-engineering services as well as gas swap as two important topics in the field collaboration.
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Iran to Launch 15 Petchem Projects by Yearend: NPC Chief
SHANA (Tehran) -- Iran is to launch 15 petrochemical projects by the end of the current Iranian calendar year (to end on March 20, 2025), said the managing director of National Petrochemical Company of Iran (NPC) here on Saturday.
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IGEDC Registers a New Record
SHANA (Tehran) - Iranian Gas Engineering and Development Company (IGEDC) has set a new record by launching 6 gas pressure boosting stations in just one year.
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NTBFs Help Iranian Gas Industry to Become Self-Sufficient: NIGC
SHANA (Tehran) - With the efforts made by the new technology-based firms (NTBFs), the Iranian gas industry has gained self-sufficiency as all required products are now being produced at home, announced Managing Director of National Iranian Gas Company (NIGC) Majid Chegeni.
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Number of Exploration Drilling Rigs to Increase Fivefold
SHANA (Tehran) - Nine oil and gas fields were discovered in the tenure of the 13th Administration, announced Mehdi Fakour, director of exploration at National Iranian Oil Company (NIOC) on Friday, adding that the number of exploration drilling rigs of his company will increase to 10 from two rigs in August 2021.
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Investment Opportunities of $19b Up for Grabs in Iran’s Refining Industries
SHANA (Tehran) - The National Iranian Oil Refining and Distribution Company (NIORDC) managing director announced on Friday that investment opportunities valued at $19 billion are ready for investors in Iranian refining industries.
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Yemen Keen on Expansion of Energy Ties with Iran
SHANA (Tehran) - Yemen’s Ambassador to Tehran Ibrahim Mohammed al-Dailami called for expansion of energy cooperation between his country and Iran along with the exchange of scientific and technical oil data.
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Investment In South Pars Gas Field Vital, POGC Manager
SHANA (Tehran) - Managing director of the Pars Oil and Gas Company (POGC), Mohammadhosain Motejali, has said that giant South Pars gas field provides 70 percent of domestic needs to natural gas, which is the reason behind the importance of pouring money in development of the field.
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Iran’s Annual Petchem Production Tops 74m Tons
SHANA (Tehran) - The production control manager of Iran’s National Petrochemical Company (NPC) announced that the country’s petrochemical complexes with 79 percent of their installed capacity produced 74.3 million tons of petrochemicals during the last Iranian year of 1402 which ended on March 19.
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Iran Invests $6.5b in Oil Industry Upstream Sector
SHANA (Tehran) -- Some 6.5 billion dollars were invested in oil industry’s upstream sector on average per year under the incumbent administration, managing Director of National Iranian Oil Company (NIOC) said here on Friday.
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Gas Imbalance, Major Barrier to Expansion of Export Markets for Iran
SHANA (Tehran) - Gas imbalance is a major barrier to expansion of export markets for Iran, said Mehdi Seyyedi, the head of the Ministry of Petroleum’s Europe, Americas and CIS Affairs Division in a meeting to study Iran’s capacities to become a gas hub, emphasizing the ways to gain positive gas balance.
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Petroleum Minister Meets with GECF Sec. Gen.
SHANA (Tehran) -- Iranian Minister of Petroleum Javad Owji held talks with the Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Thursday and discussed latest development in global gas market.
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Iran Energy Consumption Twice the World Standards
SHANA (Tehran) - Managing director of the Iran Fuel Conservation Company (IFCO), Hosain Abniki, says energy consumption in Iran is more than double the world standards.
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African States Welcome Collaboration with Iran on Oil, Gas Projects
SHANA (Tehran) -- The ambassadors of Uganda, Kenya, Senegal and Burkina Faso in Tehran discussed the updates about their countries in the energy field, expressing their readiness to collaborate with Iran in the "Perspective of Oil and Gas Industry in Africa" meeting.