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Skid-Mounted Oil Refineries Envisaged
TEHRAN (Shana) -- Iran’s state-run National Iranian Oil Company (NIOC) has decided to invest in crude oil processing projects through implementing build-operate-own (BOO) method.
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NIDC Drills 6 Wells in 15 Days
TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has spudded 6 oil and gas wells over the first 15 days of the current Iranian calendar year which began on March 21.
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RIPI Inks Deal with Local Firm for Commercializing Micro-CHP Products
TEHRAN (Shana) – The Research Institute of Petroleum Industry has signed a contract with Aran Energy Systems Company for commercializing and selling Heat demand and Electrical demand products as well as generator engines based on OHVG gas-based engine technology.
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NISOC to Run New Projects to Maintain Oil Production
KHUZESTAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the company was about to launch 7 project packages for maintaining and enhancing crude oil production in the fields it operates.
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RIPI Key in Oil Industry Economy
TEHRAN (Shana) – The head of the Research Institute of Petroleum Industry (RIPI) said the center was able to overcome the sanctions by relying on the strength and diligence of the valuable local forces to effectively respond to the technological needs of the petroleum industry and play a decisive role in the national economy.
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OPEC, non-OPEC Agreement Reachable before April: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March.
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OPEC Pegs Deeper Cuts at Non-OPEC Support
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said oil producers at OPEC had uniformly proposed a major cut in the group’s crude oil output, but waited for non-OPEC allies, especially Russia, to back the move by considering cuts in their production.
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OPEC Waiting for Non-OPEC Approval for Historic Output Cuts
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says OPEC had decided to wait for an agreement of non-OPEC allies to consider major cuts in the group’s output to shore up oil prices.
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Oil Market Reeling from Supply Glut: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says there is an oversupply in the crude oil market, saying OPEC and non-OPEC producers need to discuss how to ensure market balance.
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Crude Oil Demand Wrecked by COVID-19: Expert
VIENNA (Shana) -- The head of the Vienna Energy Studies Group underlines the importance of the upcoming OPEC meeting, saying: “The coronavirus outbreak has ruined the demand for oil.”
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Iran Ends Monopoly of Building Key Oil Industry Items
TEHRAN (Shana) -- The CEO of Iranian Oil Terminals Company announced construction of the NQ900 electric actuator and automatic sampler controller by local experts.
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COVID-19, Main Culprit in Recent Oil Price Fluctuations: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
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Zangeneh Talks with Russia’s Novak Prior to OPEC Meeting
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh discussed topics regarding the upcoming OPEC meeting with his Russian opposite number Alexander Novak.
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Over 70% of Oil Industry Equipment Localized: Iran
TEHRAN (Shana) – A senior Iranian industrial official says the country has indigenized manufacturing of over 70% of the equipment used in the petroleum industry.
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Iran Envoy to Austria, OPEC Secretary-General Meet in Vienna
TEHRAN (Shana) -- The Iranian ambassador and permanent representative to international organizations in Vienna met with the OPEC secretary-general to discuss the oil market developments following the spread of the Coronavirus in China.
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Enhanced Oil Exports Mark Failure of Sanctions: Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said: “That Iran’s oil exports increased from 0.9 mbd to nearly 3 mbd after the JCPOA is an indication of the fact that we smashed the sanctions.”
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Iran Starts Mass Production of Drilling Bit
TEHRAN (Shana) -- The Iranian-made toothed drilling bit has entered mass production phase.
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Iran-Made Fath 72 Drilling Rig Unveiled
TEHRAN (Shana) – Fath 72 Drilling Rig, built by Academic Center for Education, Culture and Research (ACECR), has been unveiled in a ceremony attended by Iranian Minister of Petroleum Bijan Zangeneh.
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Petropars Awarded Project to Develop Forouzan Oilfield
TEHRAN (Shana) – The CEO of the Petropars Group said his company had won a tender to develop a production maintenance and enhancement project in Forouzan Oilfield.
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NISOC Announces Technological Needs
TEHRAN (Shana) – The director of production at the National Iranian South Oil Company (NISOC) announced the technological needs of his company.
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NIOC to Sell 6 mb of Crude Oil, Gas Condensate at IRENEX
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to sell 6 million barrels of heavy and light crude oil and gas condensate at the international floor of the Iran Energy Exchange (IRENEX).
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Iran Eyes 1mbd Crude Output in West Karoon
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country expected to bring crude oil production to 1 million barrels per day in West Karoon Fields.
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Iran Supports Unanimous OPEC Output Cut Plan: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country could support deeper cuts in crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) if a majority of the members agreed with it.
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Iran Crude Oil Production Capacity at 3.7 mbd
TEHRAN (Shana) – An Iranian oil official says the country has the capacity to produce 3.7 million barrels per day of crude oil.
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Iran About to Launch Major APG Processing Plant
TEHRAN (Shana) – The Iranian Minister of Petroleum said the country had started countdown for launching a major plant for collecting and processing associated petroleum gas (APG) with $3 billion of investment.
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Iran Boosts Darkhovin Oil Output
TEHRAN (Shana) -- The CEO of Arvandan Oil and Gas Company said the production capacity of Darkhovin Oilfield had increased by 20,000 b/d over the course of the past 12 months.
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Market Balance, a Necessity: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the oil market was under pressure because of coronavirus outbreak and as a result the oil price had fallen to below $60 per barrel, adding, “Efforts must be made to ensure the market balance”.
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NISOC Saves Costs by Localizing Demulsifiers
TEHRAN (Shana) -- The localization and optimal use of demulsifiers by the National Iranian South Oil Company (NISOC) have resulted in cost savings of the company by over Rl. 270 billion.
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NISOC Localizes Production of Over 1,000 Items since 2018
TEHRAN (Shana) – The National Iranian South Oil Company (NISOC) has successfully manufactured over 1,000 items used in the petroleum industry over the course of the past year, NISOC CEO said.
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TENCO Poised to Strike Oil Development Agreement
TEHRAN (Shana) -- Omid Asakareh, CEO of Negin Afagh Kish Energy Development Co (TENCO), says his company is set to sign an agreement for the development of an oil field in southern Iran. He told "Iran Petroleum" TENCO would most probably operate the project in partnership with a foreign firm, saying each side’s share would depend on negotiations. He, however, said, TENCO would be able to carry on with the project on its own.