oil

Owji Appoints Deputy for Int'l Affairs, Trading

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji appointed Ahmad Asadzadeh as the Deputy Minister of International Affairs and Trading.
2021-12-18 13:17
Localization of 80% of Iran Oil Well Equipment thru Research Development

TEHRAN (Shana) -- The director of exploration at the National Iranian Oil Company (NIOC) said that research has been the path opener of the country's oil industry, adding: "Due to research activities, now more than 80 to 90% of the country's oil and gas wells operate with Iranian knowledge and equipment."
2021-12-15 17:13
Seismography of Tang-e-Bijar, Delavaran Fields Underway

TEHRAN (Shana) -- The technical affairs director of the Iranian Central Oil Fields Company said 3D seismic project of Tang-e-Bijar and Delavaran fields with a 68% progress in the west of the country is being implemented by the company.
2021-12-14 16:53
$11bn Investment Needed for West Karoun Projects

TEHRAN (Shana) -- Mohsen Khojasteh-Mehr, CEO of National Iranian Oil Company (NIOC), has said that development of the West Karoun cluster of oil fields would be a priority for the current administration. He has said that $11 billion in investment would be needed over four years to develop the jointly owned fields in West Karoun.
2021-12-14 15:17
Aghar, Halegan to See Output Rise

TEHRAN (Shana) -- Fars Province is the second largest province in terms of gas reserves, behind Bushehr Province. Fars Province has a gas production capacity of 114 mcm/d, mainly from the Aghar, Dalan, Tabnak, Shanol, Varavi and Homa fields.
2021-12-14 14:22
Iran Refining Industry Developing

TEHRAN (Shana) -- Development of the refining industry in while regarding environmental obligations, along with growing global demand for petroleum products, is one of the issues that is severely put on the agenda of the Petroleum Ministry. Accordingly, in order to achieve its desired goals in this field, Iran is pursuing a plan to promote the quantity and quality of refined products in the country. Minister of Petroleum Javad Owji has said that contracts had been signed with eight investors for refining about 1.5 mb/d to 1.6 mb/d of crude oil and gas condensate. He added that Iran’s refining capacity was forecast to grow 1.5 times in the next three or four years.
2021-12-14 14:11
Realization of Iran Foreign Policy Goals Possible thru Energy: Expert

TEHRAN (Shana) -- Fereydoun Barkeshli, head of the Vienna Energy Studies Group, called signing of the three-way gas swap agreement between Turkmenistan, Azerbaijan and Iran the first strategic gas window for the latter to its neighbors.
2021-12-13 13:06
Iran Oil Earnings up: CBI

TEHRAN (Shana) -- The governor of the Central Bank of Iran (CB) said that the country’s oil revenues had improved.
2021-12-12 16:50
Output of Aghajari Units up 20,000 b/d

TEHRAN (Shana) – There is an uptick of 20,000 barrels per day of crude oil from Aghajari production facilities with the repair of the salt oil pipeline of Aghajari units to Paznan.
2021-12-12 15:45
Gas Swap Deal Could Make Iran Regional Transit Hub: President

TEHRAN (Shana) – Iranian President Ebrahim Raisi said that during a visit to Turkmenistan the relationship between the two countries was considered and Iran's advantage in transit of gas, as well as the issue of gas swaps between Iran, Turkmenistan and Azerbaijan were discussed.
2021-12-06 13:59
Iran's Oil Exports in Good State: MP

TEHRAN (Shana) -- A member of the presidium of the Energy Committee of the Islamic Consultative Assembly said: "Iran's oil exports are in a favorable condition and we will experience better conditions by bartering oil with goods and services."
2021-12-05 16:05
Iran-Venezuela Oil Cooperation Must Take A New Form: President

TEHRAN (Shana) -- "Iran-Venezuela oil cooperation must take a new form and we need to take further steps in the field of refining and petrochemical resources," Iranian President Ebrahim Raisi said.
2021-12-05 16:02
Head of Presidential Office:

Gas Swap Deal, Result of Activating Asia-Based Economic Diplomacy

TEHRAN (Shana) – Head of the presidential office said that the recent gas swap deal between Iran, Turkmenistan and Azerbaijan was the result of activating Asia-based economic diplomacy.
2021-12-05 15:57
Conference on Technology Management and Innovation to be held

TEHRAN (Shana) -- The 11th International Conference and the 15th National Conference on Technology Management and Innovation will be held on December 8 and 9 at the Oil Industry Technology and Innovation Park.
2021-12-04 15:29
Continued Investment in Oil Industry, Strategic: MP

TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Consultative Assembly said that the continuation of investment in the oil industry is an important and strategic issue, adding: “Investing in two areas of human resources and development of oil and gas fields should not be seen as a current cost.”
2021-12-04 15:25
23rd OPEC+ Meeting Opens

TEHRAN (Shana) -- The 23rd meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) began a few minutes ago via videoconference.
2021-12-02 16:55
Iran Oil Sales Dramatically Higher than Last Year

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "The amount of oil sales has increased dramatically compared to last year."
2021-12-01 15:56
President:

Iran Ready to Develop Oil, Gas Courses for ECO Members

TEHRAN (Shana) – Iranian President Ebrahim Raisi said: “The Islamic Republic of Iran is ready to develop oil and gas training programs for ECO member countries.”
2021-11-28 16:40
85% of Oil, Gas, Petchem Equipment Locally Manufactured

TEHRAN (Shana) -- The chairman of the board of directors of the Association of Oil Industry Equipment Manufacturers said 40% of the manufacturing capacity of the association is empty, adding: “Currently, 85% of oil, gas and petrochemical equipment is produced inside the country.”
2021-11-27 16:18
UPDATED--NIOC not waiting for Foreigners

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the company would welcome the arrival of foreign investment, saying: "If for any reason foreign investment is not materialized, different scenarios are on the table and we will not keep waiting for them."
2021-11-27 16:11
NIDC Drills 46 Oil, Gas Wells in 8 Months

TEHRAN (Shana) -- The Deputy CEO of the National Iranian Drilling Company (NIDC) announced the drilling and completion of 46 oil and gas wells in the onshore and offshore oil-rich regions of the country in the first eight months of the current Iranian calendar year which began on March 21.
2021-11-27 09:13
Iran Eyes More Oil Sales in Coming Months

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "In the coming months, more success will be achieved in the export of crude oil and gas condensate."
2021-11-24 09:13
Financing of Dehloran Petchem Project should Accelerate: Official

TEHRAN (Shana) -- The Chairman of the Board of Directors of the Oil Industry Pension Funds said financing of Dehloran Petrochemical Project should be accelerated so that this project could be put into operation in a reasonable time.
2021-11-22 16:27
Owji Receives Deputy Prime Minister of Azerbaijan

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji hosted a meeting with Shahin Mustafayev, Deputy Prime Minister of the Republic of Azerbaijan, on Sunday, November 21, 2021.
2021-11-21 18:03
NIOC Seeking Win-Win Opportunities in Investment Sector: CEO

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) emphasized the need to facilitate investment in the oil industry, saying: "When we say we should improve contracts and increase bargaining power and attractiveness of projects, it does not necessarily mean changing the nature of past methods, but seeking to improve and create winning opportunities in the investment sector.”
2021-11-21 17:55
South Pars Gas Condensate Loading Capacity Up

TEHRAN (Shana) -- The operator of phase 19 of South Pars announced the loading of the shipment of one million barrels of gas condensate through the single point mooring (SPM) of phase 19 of South Pars.
2021-11-21 15:58
Loading 1st Gas Condensate Cargo from Largest SPM in South Pars

TEHRAN (Shana) -- With the first loading of gas condensate from the Single Point Mooring (SPM) of phase 19 of South Pars (the fourth South Pars SPM), this facility joined the country's export terminals in South Pars and thus the export capacity of gas condensate in this field increased by 32%.
2021-11-21 14:02
Tehran, Baku to Sign New Cooperation Docs

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and the Deputy Prime Minister of the Republic of Azerbaijan announced the signing of new documents on Tehran-Baku cooperation in the oil and gas sector in the near future.
2021-11-21 13:38
Embassy of the Russian Federation in Tehran:

False News by Western Media Aimed at Damaging Iran-Russia Relations

TEHRAN (Shana) -- The Russian embassy in Tehran has denied reports by certain Western media outlets that the Russian Federation has access to the Caspian Sea gas field.
2021-11-17 15:31
MOP Boosting Iran Oil Sales: MP

TEHRAN (Shana) -- The spokesman of the Energy Committee of the Islamic Consultative Assembly said: "With the efforts made by the Ministry of Petroleum, we are witnessing an uptick in the sale of oil and products and the return of its resources to the country, which is to be appreciated."
2021-11-17 15:25