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Iran Oil Output beyond 3mbd
TEHRAN (Shana) -- The Iranian Minister of Petroleum said Iran's oil production capacity reached 3 million barrels per day, and the country's light oil production capacity has increased by 200,000 barrels per day with the initiative of the National Iranian Oil Company (NIOC) and the Research Institute of Petroleum Industry.
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Azar Oilfield ready to be Operated by Client
TEHRAN (Shana) -- The CEO of the Iranian Central Oil Fields Company (ICOFC) said Azar Oil Field is ready to be delivered to West Oil and Gas Production Company for operation.
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45% Rise in Horizontal, Directional Drilling Efficiency of Oil, Gas Wells since March
TEHRAN (Shana) -- The efficiency of horizontal and directional drilling operations of the National Iranian Drilling Company (NIDC) grew by at least 45% in the first 8 months of the current Iranian calendar year which began on March 21 compared to the same period last year.
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KBCs to Help Delay Natural Drop in Iran Oil Output
TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) is planning to ramp up its cooperation with domestic knowledge-based firms in order to delay the natural drop in oil output of Iran’s fields.
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POGC to Invest $2m for Laboratory Modeling of Corrosion
TEHRAN (Shana) – Pars Oil and Gas Company (POGC) is planning to invest $2 million in a project for laboratory modeling of corrosion together with a knowledge-based company.
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Iran Firms Ready to Join Iraqi Oil Projects
TEHRAN (Shana) -- The Iraqi Ministry of Oil has issued a circular to all Iraqi companies announcing the readiness of Iranian specialized companies to participate in Iraq's oil and gas projects.
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Oil Storage Capacity to Increase in Khark Terminal
TEHRAN (Shana) – The CEO of Iran Oil Terminals Company announced plans to increase crude oil storage capacity by 4,200,000 barrels at Khark Oil Terminal.
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Good Oil Agreement made with China: Owji
TEHRAN (Shana) -- The Iranian Minister of Petroleum said: During the visit of the Deputy Prime Minister of China and the accompanying delegation to Iran, good agreements and understandings were made regarding the development of oil and gas fields and joint fields in Iran.
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MOP Inks Cooperation MoU with AEOI
TEHRAN (Shana) – The Iranian Ministry of Petroleum and the Iran Radiation Application Development Company signed a memorandum of understanding for technological cooperation and the utilization of radiation in the oil industry.
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Iran ready to bolster Energy Ties with China: Veep
TEHRAN (Shana) -- The first vice president said: “Tehran is ready to expand its cooperation with Beijing in various sectors such as energy, transit and joint production.”
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Iran, China Preparing for Oil, Energy Cooperation
TEHRAN (Shana) -- The Iranian Minister of Economy and Finance said executive measures have been placed on the agenda of the Iran-China Comprehensive Cooperation Program meeting in the field of oil and gas and investment.
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IOOC Raises Gas Output 35 mcf/d
TEHRAN (Shana) -- Gas production of the Iranian Offshore Oil Company (IOOC) increased by 30 to 35 million cubic feet per day (mcf/d) by exploiting a project to enhance gas production capacity in Qeshm operational area and establishing flow from the fields of Gorzin Field.
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Historic Declaration of Cooperation of OPEC and non-OPEC oil-producing countries turns six
VIENNA (Shana) -- The Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned six today, December 10 2022.
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Dasht Azadegan Arvand Company to Start Developing Azadegan Field Soon
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the start of operations of Dasht Azadegan Arvand Company for the integrated development of Azadegan Field within the next two weeks.
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South Pars Phase 11 Project Online Soon
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said the gas from South Pars Phase 11 Project would come online in February.
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Iran Petroleum Minister Hosts Meeting with Tajik Opposite Number
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji hosted a meeting in his Tehran office on Tuesday evening with the visiting Tajik minister of energy.
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NIOC Discovers New Oil Reservoirs in Southwest Iran
TEHRAN (Shana) -- The director of exploration of the National Iranian Oil Company (NIOC) announced the discovery of new oil reservoirs in the southwest of Iran, and said: “There are 14 oil and gas exploration blocks in the country.”
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South Pars Phase 11 Online Soon
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said phase 11 of the massive South Pars gas field would start production in the near future.
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Statement of 34th OPEC and non-OPEC Ministerial Meeting
TEHRAN (Shana) -- The 34th OPEC and non-OPEC Ministerial Meeting took place by videoconference on Sunday, 4 December 2022.
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Oil Market Concerned about Glut in Coming Months: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji underlined concerns about the possible consequences of the spread of coronavirus in some regions, especially China, for the economic growth of the world and the possible demand destruction, saying: “There are concerns about the possibility of a glut in the oil market in the coming months.”
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34th OPEC+ Ministerial Meeting Starts Virtually
TEHRAN (Shana) -- The 34th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies began a few minutes ago via video conference.
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OPEC+ Sticks to 2mbd Output Cut
TEHRAN (Shana) -- The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by 2 million barrels per day until the end of 2023.
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185th OPEC Meeting Held Online
TEHRAN (Shana) -- The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.
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Iran, Iraq Form Joint Oil Working Group
TEHRAN (Shana) -- The oil ministries of the Islamic Republic of Iran and Iraq announced their agreement to establish a joint oil working group.
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Iran, Venezuela Discuss Deeper Energy Ties
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji had a telephone conversation with Tareck El Aissami, Vice President and Minister of Oil of Venezuela, regarding the development of cooperation between the two countries in the field of energy and the latest developments in the global oil market.
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MOP Lists Iranian E&P Firms
TEHRAN (Shana) -- The Iranian Ministry of Petroleum has released a list of the companies applying for activities in the field of exploration and production (E&P).
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MOP Launches Office in Iraq
TEHRAN (Shana) -- The Iranian Ministry of Petroleum (MOP) has launched its office in Baghdad, Iraq.
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Iran Acquires Savvy to Lighten Heavy Oil Atomically
TEHRAN (Shana) -- The Deputy Director of the Atomic Energy Organization of Iran (AEOI) said: “This technical know-how of lightening heavy crude oil with atomic radiation will be unveiled at the first knowledge-based conference of the oil industry.”
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Russian Firm to Develop Shadegan Field
TEHRAN (Shana) -- The deputy CEO of Khatam Oil, Gas and Petrochemical Holding affiliated with Khatam al-Anbia Construction Headquarters has announced that a Russian company has agreed to develop the Shadegan oil field based on a new model of oil contracts. In an interview with “Iran Petroleum”, Omid Asakereh also said that talks were under way with Russian companies for other oil projects in Iran, including talks with Gazprom to develop the Kish gas field.
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Multilateralism, Iran’s Winning Card
TEHRAN (Shana) -- Iran’s geopolitical position in the world and specifically its convenient geographical location in the Persian Gulf and the Caspian Sea on the one hand, and its long experience in the field of energy on the other, have made it one of the important and decisive countries in the field of energy supply in the world. The position of Iran in terms of energy transmission routes and the country's vital role in global energy security is very important because Iran, with its special geographical and geopolitical position for the landlocked region of Central Asia, is a desirable transit country and can bring the oil and gas of these countries to high seas in the best way and even to Europe through Turkey.