oil
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Iran saves €60 m by Using Sahar 1, 2 drilling rigs
TEHRAN (Shana) -- The head of the Mostazafan Foundation of Islamic Revolution announced savings of 60 million euros following the major overhaul of Sahar 1 and 2 floating platform by local experts.
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Sanctions could not hinder development of Iran oil industry: MP
TEHRAN (NIPNA) -- A member of the Energy Committee of the Islamic Consultative Assembly said: "Iran will not give up under any circumstances and despite US sanctions, it will develop its oil industry."
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Iran Oil Exports No Longer Dependent on Hormuz Strait
TEHRAN (Shana) -- President Hassan Rouhani and Minister of Petroleum Bijan Zangeneh officially inaugurated the construction of a 1,000-km pipeline extending from Goreh to Jask. The pipeline would enable to Iran to carry 1 mb/d of crude oil from Makran export terminal to target markets.
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Iran Determined to Meet Power, Gas Commitments towards Iraq: Veep
TEHRAN (Shana) – First Vice President Eshaq Jahangiri voiced Iran’s determination to live up to its gas and electricity commitments towards neighboring Iraq even in the harsh summer conditions.
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80% Share of Domestic Production in NISOC Goods Supply: CEO
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said over 80 percent of the goods supplied for the company were procured by domestic manufacturers.
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10% Enhanced Recovery Rate in Azadegan Oilfield Possible: Scholar
TEHRAN (Shana) -- The head of the Petroleum Engineering Institute of the University of Tehran said: "Studies of the institute on Azadegan field have yielded valuable results, based on which it is possible to increase the recovery rate of this joint field by 10%."
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Zangeneh: 9 Oil Contracts to Be Signed With Iranian Companies
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said: "Soon, nine contracts for the maintenance and enhancement of oil production (EPC/EPD) will be signed with Iranian companies and the Oil Research and Technology Fund will be activated.”
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NIOC to Ink Research Deal with Local Universities: CEO
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) Masoud Karbasian said his company had planned to sign 12 research contracts with Iranian universities.
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Petropars to Complete Azadegan Oilfield Development
TEHRAN (Shana) – The Petroleum Engineering and Development Company (PEDEC) has signed a contract with Petropars Group for completing the development of South Azadegan joint oilfield besides building a 320,000 b/d central treatment export plant (CTEP) at Azadegan.
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PEDEC Signs Deal with Petropars for Azadegan Oilfield Development
TEHRAN (Shana) – The Petroleum Engineering and Development Company (PEDEC) is to sign a deal with Petropars Company for completing the development of South Azadegan field.
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JMMC sees improving market conditions and conformity levels
VIENNA (Shana) -- The 20th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 15 July 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.
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Increased Gasoil Price, a Big Lie: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh strongly ruled out rumors about the increased gasoil price in Iran.
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Oil Sales below World Prices not on Iran-China Cooperation Plan: Official
TEHRAN (Shana) -- The head of the Iranian president's office said that the issue of selling oil at 20 to 30 percent below the global price for the item is not in the 25-year cooperation plan between Iran and China.
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North Yaran Developed at Lower Cost than Contract Capex
TEHRAN (Shana) -- The chairman of the board of directors of Tadbir Energy Development Group said that the contract for the development of North Yaran Field was signed with a capital expenditure of $700 million, but it was put into operation with $580 million investment.
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Fate of all Joint Fields Determined under Rouhani
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the fate of all Iranian joint oil and gas fields would be determined by the end of Iranian President Hassan Rouhani’s term as president.
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Message of Today's Deal: We will not give up, Zangeneh says
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the message sent by today’s contract between the National Iranian Oil Company (NIOC) and a local oil company for developing Yaran Joint Oilfield is Iran will not give up under the US sanctions.
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281 Refining Parts Localized at Bandar Abbas Refinery
TEHRAN (Shana) -- The commercial deputy of Bandar Abbas Oil Refining Company said the facility has provided 281 types of refinery items by relying on domestic manufacturers over the course of the previous Iranian calendar year of 1398 which ended on March 19.
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NISOC Ready to Boost Synthetic Oil Supply to Refineries
TEHRAN (Shana) – The CEO of the National Iranian South Oil Company (NISOC) announced the company’s readiness to enhance its synthetic oil supply to Iranian refineries.
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NISOC Localizes Key Gas Turbines Parts
TEHRAN (Shana) – Experts at the National Iranian South Oil Company (NISOC) have successfully localized intricate parts used in gas turbines in line with support for local manufacturing and knowledge-based companies.
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99.99% Safety in Pipeline Transmission
TEHRAN (Shana) -- The Iranian Oil Pipelines and Telecommunication Company (IOPTC) transmits millions of liters a day of a variety of petroleum refined products via over 14,000 kilometers of underground pipeline and many pumping stations to feed refineries producing gasoline, gasoil and kerosene among other products before delivery to the storage facilities of National Iranian Oil Products Distribution Company (NIODPC).
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Zangeneh: Sanctions Didn’t Halt Our Projects
TEHRAN (Shana) -- Iran’s President Hassan Rouhani inaugurated the installation of the first jacket of Phase 11 of the massive South Pars gas field.
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Iran Bracing to Enhance Oil Recovery at Azar Oilfield
TEHRAN (Shana) -- The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field.
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NISOC Output Capacity Up
TEHRAN (Shana) -- Iran’s minister of petroleum, Bijan Zangeneh, recently said that despite the outbreak of the novel coronavirus, oil and gas production in Iran had not faced any disruption. Among Iranian oil production companies, National Iranian South Oil Company (NISOC) enjoys a special status because of its large contribution to Iran’s production.
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Iran Pahlavi I Petroleum Industry
Oil Revenue for Regime
TEHRAN (Shana) -- In the previous issue, we discussed how the Pahlavi I regime affected Iran’s petroleum industry developments that led to changes in the D’Arcy Concession. The agreement was struck in the final years of the Qajar in power. It was practically lost in the midst of Constitutionalism.
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Iran Says it sold Petrol to Venezuela at Current Price
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country had sold petrol to Venezuela at current prices.
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Iran Eyes Oil Exports from Jask by March
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh expressed optimism that Iran would start crude oil exports from Jask terminal by the end of the current Iranian calendar year which began on March 20.
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Iran-China 25-year comprehensive plan for co-op proves failure of efforts to isolate Iran: SPOX
TEHRAN (Shana) -- Government spokesman Ali Rabiei said on Tuesday that Iran and China have drafted a 25-year plan for economic cooperation which proves failure of the plots to isolate the Islamic Republic.
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Technical, Economic Data of 42 Firms Applying for Petro-Refinery Projects Registered: Official
TEHRAN (Shana) – The Deputy Iranian Petroleum Minister for Planning announced registration of the technical and economic data concerning 42 companies applying for construction of petro-refinery projects on the country's coasts by tapping public capital.
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OPEC and a Bug called "Sloppiness"
TEHRAN (Shana) – The Organization of the Petroleum Exporting Countries (OPEC) is preparing for its 60th anniversary celebrations in September, marking one of the most volatile times in recent years. Although OPEC Secretariat has not been very agile and orderly in recent months, at least over the years since I started observing the Organization’s moves, and it is exhibiting signs of severe sloppiness which has not been hidden in the eyes of most local and foreign observers.
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Industrial Landfill Site of Pars Special Zone Launched
TEHRAN (Shana) -- Pars Special Energy Economic Zone Organization's Solid Industrial Waste Disposal Unit with a capacity of 100,000 tons was put into operation.