oil
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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.
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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.
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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.
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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.
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Iran Petroleum Industry Book Review
TEHRAN (Shana) -- The present piece of writing reviews major books written on the history of Iran’s petroleum industry.
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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.
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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.
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OPEC Secretary General to visit Tehran for Inauguration Ceremony
TEHRAN (Shana) -- The Iranian ambassador to Nigeria announced the visit of Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), to Tehran to attend the inauguration of the President.
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Smuggling of Petroleum Products Close to Zero in Iran: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Products Refining and Distribution Company said: "With the launch of the Petroleum Products Request System (SADAF), I can say with confidence that smuggling of petroleum products in the country's borders, except for the Pakistani border, has been zero."
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Iran Launches New System to Prevent Fuel Smuggling
TEHRAN (Shana) – Iran has launched a new system that is aimed at preventing fuel smuggling in the country.
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Iran Quadruples Export of Petroleum Products in 8 Years
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said, "Export of Iranian petroleum products in 2019 compared to 2012 has increased four times and for the first time 23 million tons of products were exported from the country, which is unprecedented in the history of the country."
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Local E&P Firms to Study Azadegan Field
TEHRAN (Shana) -- The giant Azadegan oil field, estimated to hold 32 billion barrels of oil in place, has already been developed in two sections – North Azadegan and South Azadegan. The field is currently supplying 215,000 b/d of oil.
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Investment Opportunities in Bangestan
TEHRAN (Shana) -- More than 60% of Iran’s oil production comes from 10 giant fields, all of which having reached maturity. Lack of investment for many years in order to enhance the rate of recovery has enhanced production risk. However, there is great potential for enhanced production from these fields. A case in point pertains to the Ab Teimour and Ahvaz Bangestan oil fields. They were discovered more than 50 years ago and they are still supplying oil.
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Iran to Export 1st Oil Shipment from Jask on July 22
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said loading and export operation of the first shipment of Iranian crude oil from Jask and the Sea of Oman will be carried out on July 22 by the presidential order.
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Countdown Begins for 1st Crude Oil Export from Jask Terminal
TEHRAN (Shana) -- The Deputy National Iranian Oil Company (NIOC) CEO for Development and Engineering Affairs announced: “Due to the completion of the strategic and national plan for the transfer of crude oil from Goreh to Jask, the first shipment of crude oil will be exported from the Jask terminal in the coming few days.”
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No-Flaring in Cheshmeh-Khosh Expected This Year
TEHRAN (Shana) -- The Iranian Central Oil Fields Company (ICOFC) assigned to a domestic company a project for gathering flare gas at the Cheshmeh-Khosh oil field. Under this agreement, 67 mcf/d of associated petroleum gas would be gathered over six months.
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1st Well of Nasr 5 Satellite Platform Online
TEHRAN (Shana) -- The first well of Nasr 5 Satellite Platform, called Well SICE6, has come online to increase crude oil production in Sivand and Esfand fields.
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RIPI Develops Knowhow of Producing Lubricants for Wellhead Calves
TEHRAN (Shana) -- The downstream campus of the Research Institute of Petroleum Industry has been able to produce lubricants and seals for wellhead valves.
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Cumulative South Pars Gas Output Crosses 1.8 tcm
TEHRAN (Shana) -- The volume of rich gas extracted from the South Pars joint gas field since it’s the beginning of its development has exceeded 1.8 trillion cubic meters.
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Drilling Operations begin to Maintain Forouzan Oil Output
TEHRAN (Shana) -- Drilling operations have begun in the Forouzan oilfield to maintain and enhance oil output of the joint field.
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Cheshmeh Khosh Oil Pipeline to Ahvaz Explodes, Several People Killed
AHVAZ (Shana) -- The Iranian Central Oil Fields Company (ICOFC) announced the explosion of a 20-inch pipeline transporting crude oil from Cheshmeh Khosh to Ahvaz, southwestern Iran, during a search operation, which killed several people nearby.
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To return Iran to the oil market
Zanganeh: I will not withhold my consultation from President-Elect Raisi
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh stated that he would not withhold his consultation from the upcoming administration of Ebrahim Raisi for Iran's return to the world crude oil markets.
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President Rouhani:
Problem of Oil Industry Employees’ Salaries being Solved
TEHRAN (Shana) – Iranian President Hassan Rouhani emphasized that Iran has not had and does not have any problems in the production and export of crude oil, and said: "I promise the employees of the Ministry of Petroleum that their salary problems will be solved."
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Bandar Abbas Refinery Repairs Furnace while Operating
TEHRAN (Shana) -- For the first time in Iran, the specialists of Bandar Abbas Oil Refinery succeeded in breaking the record of repairing the roof of an operating furnace, a record which previously belonged to an American company.
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Iran Denies Having Sent Oil Tanker to Lebanon
TEHRAN (Shana) -- A spokesman for the Ministry of Foreign Affairs said: "Iran has not sent any oil tankers to Lebanon, but all countries know Iran's capacity to export petroleum products, so we will respond to this request whenever we are asked for help."
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Asmari Reservoir of Abuzar Oilfield Online
TEHRAN (Shana) -- The Iranian Offshore Oil Company (IOOC) announced production of oil from the Asmari reservoir of Abuzar oilfield for the first time in the history of the field's development.
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Iran says Oil Revenue Fell over $100b since 2018
TEHRAN (Shana) -- In a report on oil sales performance during the escalation of sanctions and the economic war, Iranian Minister of Petroleum Bijan Zangeneh said that in the three years of the economic war, Iran’s oil revenues fell by more than $100 billion.
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Spokesman:
“Iran has regained part of its oil market share”
TEHRAN (Shana) -- A Foreign Ministry spokesman said: "During the failed US maximum sanctions, the main goal of the oil industry was to regain Iran's share of the oil market. In the last one year, we have regained part of this share.”
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Jask Port to Become Important Port for Iran Oil Exports
TEHRAN (Shana) – Iranian President Hassan Rouhani said: “Jask will soon be an important export port for Iranian oil. Until today, if Iranian oil was exported from Khark Island, from now on exports will be made from both Khark and Jask.”