• Ministry of Petroleum Welcomes any Kind of Investment

    Ministry of Petroleum Welcomes any Kind of Investment

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "We welcome any domestic and foreign investment for development of gas fields with the priority of maintaining the production of the South Pars gas field; as the current trend continues, we will become gas importers in the coming years.”

  • CNPCI Iran President Meets with Owji

    CNPCI Iran President Meets with Owji

    TEHRAN (Shana) – The President of CNPC International LTD. (Iran), Li Yingchang, met with Iranian Minister of Petroleum Javad Owji in his Tehran office on Thursday.

  • Owji Promises Good News in Oil Sales

    Owji Promises Good News in Oil Sales

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji promised good news was under way for Iran’s crude oil sales in the coming months.

  • 20th OPEC+ Ministerial Meeting Concludes

    20th OPEC+ Ministerial Meeting Concludes

    TEHRAN (Shana) -- The 20th OPEC and non-OPEC Ministerial Meeting was held via video conference on Wednesday September 1, 2021, under the Chairmanship of Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair Alexander Novak, Russia’s Deputy Prime Minister.

  • OPEC+ Agrees to Continue with Gradual Increase of Crude Oil Output

    OPEC+ Agrees to Continue with Gradual Increase of Crude Oil Output

    TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries and its allies met on Wednesday and reached a consensus on continuing with the current gradual increase of their crude oil output for October.

  • Owji Addresses OPEC+ Meeting

    Owji Addresses OPEC+ Meeting

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji addressed the 20th OPEC and non-OPEC Ministerial Meeting that was held on Wednesday, September 01, 2021 via videoconference.

  • 20th OPEC+ Ministerial Meeting Kicks off

    20th OPEC+ Ministerial Meeting Kicks off

    TEHRAN (Shana) -- The 20th meeting of oil and energy ministers of the members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies, called OPEC+, began a few minutes ago.

  • Oil, Gas Development under Shadow of Sanctions

    Oil, Gas Development under Shadow of Sanctions

    TEHRAN (Shana) -- The outstanding feature of the track record of the two administrations of outgoing President Hassan Rouhani would be sought in the development of joint oil and gas fields in South Pars and West Karoun. Under these two administrations, oil recovery from the fields jointly owned by Iran and Iraq in West Karoun grew five-fold, while South Pars saw its production increase three-fold over the same period.

  • EOR Nanofluid Injection Into Belal

    EOR Nanofluid Injection Into Belal

    TEHRAN (Shana) -- National Iranian Oil Company (NIOC) has taken an operational step in using nanofluids in the implementation of enhanced oil recovery (EOR) methods with nanofluid injection into the Surmeh reservoir of the Belal field; an operation which aims to increase oil recovery and which is being done for the first time in the country.

  • President Stresses Crude Oil Sale, Repatriating Blocked Cash

    President Stresses Crude Oil Sale, Repatriating Blocked Cash

    TEHRAN (Shana) – Iranian President Seyyed Ebrahim Raisi said the sale of oil and returning money that has been unjustly blocked in other countries should be immediately put on the agenda of the relevant organs and pursued seriously.

  • Iran OPEC Status to be Improved: Owji

    Iran OPEC Status to be Improved: Owji

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the supply of winter fuel is the most important priority of the oil industry for the time being, adding, "Our effort is to strengthen Iran's position in OPEC and take back our markets."

  • Serious Determination of Oil Industry Staff Needed for Overcoming Challenges: Owji

    Serious Determination of Oil Industry Staff Needed for Overcoming Challenges: Owji

    TEHRAN (Shana) – The new Iranian Minister of Petroleum Javad Owji, on the first day of his tenure, called for the serious determination and presence of the industry’s staff to overcome the crises and challenges facing the country's oil and gas industry.

  • Owji Wins Vote of Confidence

    Owji Wins Vote of Confidence

    TEHRAN (Shana) -- Iranian parliament approved Javad Owji as the new petroleum minister by giving him vote of confidence.

  • Reviving Iran Oil Market Share, Key Concern for Owji

    Reviving Iran Oil Market Share, Key Concern for Owji

    TEHRAN (Shana) – Petroleum ministerial hopeful Javad Owji voiced his deep concern for reviving Iran’s share in international oil markets, airing his strongest support for technology parks to develop knowledge-based activities in the oil industry.

  • Solar Power Plants Launched in Bidboland Gas Refinery

    Solar Power Plants Launched in Bidboland Gas Refinery

    TEHRAN (Shana) -- The CEO of Bidboland Gas Refining Company announced saving of 350 MW of electricity in lighting systems of the plant by taking measures such as launching two solar power plants.

  • Cutting Edge Technology Needed in Soroush, Reshadat

    Cutting Edge Technology Needed in Soroush, Reshadat

    TEHRAN (Shana) -- Oil and gas production from Iran’s offshore fields dates from several decades. In light of natural fall-off in production from these fields, using foreign technology and investment would be a top priority for National Iranian Oil Company (NIOC). The Soroush and Reshadat fields are under consideration.

  • West Karoun Oil Fields under Development

    West Karoun Oil Fields under Development

    TEHRAN (Shana) -- West Karoun is home to a cluster of oil fields Iran shares with neighboring Iraq. This area in western Iran is set to form a new oil civilization in Iran. There are 11 oil fields in West Karoun. Iran Plans to develop them to increase its oil output by 1 mb/d by developing these fields.

  • Naft Abadan Futsal Standard-Bearer

    Naft Abadan Futsal Standard-Bearer

    TEHRAN (Shana) -- Women’s sports and leagues in Iran were not immune to the consequences of the coronavirus pandemic. Last calendar year started with several leagues that had not been finished the year before due to the outbreak of COVID-19. However, due to unfavorable conditions, the case of all these files was closed. In the first half of last calendar year, women’s sport and leagues came to a halt due to the pandemic conditions, but it started again in the second half of the league. Seven teams representing the petroleum industry were involved in the women’s section. In the light of the pandemic and the economic conditions, all of them obtained acceptable results.

  • Resume of Proposed Petroleum Minister

    Resume of Proposed Petroleum Minister

    TEHRAN (Shana) -- Iranian President Ebrahim Raeisi has proposed Javad Owji as the Minister of Petroleum in his cabinet. Here is a brief overview of HE Owji's professional and academic background.

  • Determining Fate of Joint Oil, Gas Fields, a Priority

    Proposed Petroleum Minister:

    Determining Fate of Joint Oil, Gas Fields, a Priority

    TEHRAN (Shana) -- The proposed Minister of Petroleum, Javad Owji, said: "In the new era, the fate of oil and gas fields that have not been determined in the past decades will be determined."

  • Ministerial Hopeful Targets Strong Diplomacy in Energy Sector

    Ministerial Hopeful Targets Strong Diplomacy in Energy Sector

    TEHRAN (Shana) – Javad Owji, a candidate to take the helm of the Iranian Ministry of Petroleum, has put establishment of strong diplomacy and bolstering international relations top on his agenda.

  • Raeisi Nominates Javad Owji as New Petroleum Minister

    Raeisi Nominates Javad Owji as New Petroleum Minister

    TEHRAN (Shana) – Iranian President Ebrahim Raeisi President nominated Javad Owji as the proposed Minister of Petroleum for a vote of confidence in the Islamic Consultative Assembly.

  • 152-ton Topside of Forouzan Offshore Platform Installed

    152-ton Topside of Forouzan Offshore Platform Installed

    TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has installed the QB Topside of Forouzan offshore oil field weighing 152 tons on the QA floor of this platform.

  • New Gas Hub in Northern Iran

    New Gas Hub in Northern Iran

    TEHRAN (Shana) -- Central Asian and European demand for gas has broadened the horizons for development of Iran's exploration blocks in the Caspian Sea. “Chalous Superstructure Drilling and Exploration” project has been assigned to Khazar Exploration and Production Company (KEPCO) with a view to forming a new gas hub in northern Iran. According to Ali Osouli, CEO of KEPCO, if the initial estimates are confirmed and exploration success is achieved in the Chalous structure, the Iranian sector of the Caspian Sea will play a significant role in gas exports to Europe in the near future, in which case Iran's new gas hub will be formed in the north to let Iran supply 20% of Europe's gas needs from this region.

  • Sustainable Storage in Jask Terminal

    Sustainable Storage in Jask Terminal

    TEHRAN (Shana) -- Among numerous contracts signed regarding the national project for transferring crude oil from Goreh to Jask, one should be highlighted: contract for the construction of crude oil storage tanks. These build-operate-transfer (BOT) agreements were signed in November 2018 between Petroleum Engineering and Development Company (PEDEC) and Petro Omid Asia (POA) and Omid Investment Management Group.

  • Jask Diversifying Iran Oil Export Markets

    Jask Diversifying Iran Oil Export Markets

    TEHRAN (Shana) -- The first phase of implementation of crude oil export from Jask Port is starting against the backdrop of Iranian officials realizing their dream of diversity in the crude oil export markets, as well as security of energy supply in Iran. The idea of construction of an oil terminal in Jask was first brought up in 1980s, but the project started under the administration of President Hassan Rouhani. To that effect, necessary planning was made and meetings were held. Since domestic manufacturers could not build some equipment and commodities in the country, they were planned to be purchased from foreign companies. The foreign firms did not keep their promises and once the US re-imposed sanctions on Iran in 2018, foreign firms quitted any cooperation with Iran.

  • Iran Petroleum Industry Book Review

    Iran Petroleum Industry Book Review

    TEHRAN (Shana) -- The present piece of writing reviews major books written on the history of Iran’s petroleum industry.  

  • Petroleum Industry Innotech Park Launched

    Petroleum Industry Innotech Park Launched

    TEHRAN (Shana) -- The Petroleum Industry Innotech Park, which has been established under the aegis of the Petroleum Ministry with a view to developing technology and broadening constructive cooperation between the players of innovation and technology ecosystems, has started work. The ceremony for the inauguration of the park was attended by Minister of Petroleum Bijan Zangeneh, Vice President for Science and Technology Sourena Sattari and a group of senior oil industry managers and research and technology actors.

  • NIOC Launches Monitoring Center

    NIOC Launches Monitoring Center

    TEHRAN (Shana) -- The monitoring center of the National Iranian Oil Company (NIOC), which was established with the aim of collecting, aggregating and displaying online and continuous data on production, domestic distribution and foreign trade of oil, gas, gas condensate, gaseous liquids and naphtha, has been launched officially.

  • Iran President hosts Meeting with OPEC Secretary General

    Iran President hosts Meeting with OPEC Secretary General

    TEHRAN (Shana) -- Iranian President Ebrahim Raeisi received the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, in Tehran on Friday.