oil

  • 16-inch Maroon Gas Injection Pipeline Secured

    16-inch Maroon Gas Injection Pipeline Secured

    TEHRAN (Shana) -- The 16-inch outlet line of the Maroon Gas Injection Station, which suffered a minor leak and fire at 7:15 a.m. today (Wednesday, November 17), has been secured.

  • Iran Slowly Boosting Oil Sales: MP

    Iran Slowly Boosting Oil Sales: MP

    TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Consultative Assembly said: "Iran is slowly increasing oil sales and with the plans made, we can hope for more exports."

  • $4b Needed to Recover 100mcm/d Gas from North Pars 

    $4b Needed to Recover 100mcm/d Gas from North Pars 

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said with a $4-billion investment in the development of the North Pars field, 100 million cubic meters per day of gas will be produced from the field.

  • Completion of 1st Sweetening Train of Phase 14, NIOC Priority

    Completion of 1st Sweetening Train of Phase 14, NIOC Priority

    TEHRAN (Shana) -- The Deputy of Production at the National Iranian Oil Company (NIOC) said: "Operation of the first gas sweetening train of phase 14 refinery by early December is an important priority for the Company.

  • Hard Currency Resources from Oil Exports Up: CBI

    Hard Currency Resources from Oil Exports Up: CBI

    TEHRAN (Shana) -- The spokesman of the Program and Budget Committee of the Islamic Consultative Assembly said: "According to the report of the Governor of the Central Bank of Iran, the total hard currency resources from oil, gas, gas condensate exports have risen significantly compared to last year."

  • State of Oil, Petchem Exports, Good: MP

    State of Oil, Petchem Exports, Good: MP

    TEHRAN (Shana) -- A member of the presidium of the Energy Committee of the Islamic Consultative Assembly said: "Iran's oil and petrochemical exports are in a favorable condition and we will face better conditions by bartering oil with goods and services."

  • NIDC Quality Management System Certificates Extended

    NIDC Quality Management System Certificates Extended

    TEHRAN (Shana) -- The head of the Structure and Productivity Engineering Department of the National Iranian Drilling Company (NIDC) announced the renewal of the Integrated Management System (IMS) certificates including ISO9001, ISO14001 and ISO45001 in the company.

  • Oil Well Production Maintenance Plans Ongoing: Official

    Oil Well Production Maintenance Plans Ongoing: Official

    TEHRAN (Shana) -- The Deputy CEO of the National Iranian Oil Company (NIOC) for Development and Engineering Affairs said: “Implementation of plans to maintain and enhance oil production will continue at a faster pace than before.”

  • Investment Structure Necessary in NIOC Subsidiaries: CEO

    Investment Structure Necessary in NIOC Subsidiaries: CEO

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Company emphasized that the business and investment structure should be established and active in the subsidiaries of the National Iranian Oil Company and the export-oriented approach should be considered in all sectors.

  • NIOC Exploration Director Appointed

    NIOC Exploration Director Appointed

    TEHRAN (Shana) -- In a decree, the Deputy Minister of Petroleum appointed Mehdi Fakoor as the Director of Exploration of the National Iranian Oil Company.

  • Iran Oil Barter Plans for Post-Covid Era

    Iran Oil Barter Plans for Post-Covid Era

    TEHRAN (Shana) -- According to the International Energy Agency (IEA), vaccination against the coronavirus is accelerating the recovery of global crude oil demand. Meantime, Iran has announced plans to undertake oil-for-good deals, which experts say will help circumvent unilateral Western sanctions against the country.

  • Oil Refining Development with Petro-Refineries

    Oil Refining Development with Petro-Refineries

    TEHRAN (Shana) -- Iran's growing need for fuel in the transportation sector and its need for self-sufficiency in the production of required fuel makes it more than necessary for the country to upgrade its refining sector and boost the quantity and quality of its products. This sector was instrumental in helping Iran defeat unjust sanctions imposed on Iran's petroleum industry.

  • Iran Oil Refining Capacity to Hit 3.5mn Barrels

    Iran Oil Refining Capacity to Hit 3.5mn Barrels

    TEHRAN (Shana) -- Iran’s minister of petroleum, Javad Owji, has said that the country’s oil refining capacity would increase to 3.5 mb/d from the current 2.2 mb/d over four to five years. To that end, the minister said, the existing refineries would be quantitatively and qualitatively upgraded, while new facilities would be constructed.

  • 22nd OPEC+ Meeting Begins

    22nd OPEC+ Meeting Begins

    TEHRAN (Shana) – The 22nd meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a grouping called the OPEC+ coalition) began a few minutes ago via videoconference.

  • Head of NIOC Int'l Affairs Appointed

    Head of NIOC Int'l Affairs Appointed

    TEHRAN (Shana) -- In a decree, the CEO of the National Iranian Oil Company appointed Mohammad Mohammadi-Pour as the head of international affairs of the company.

  • Head of Oil and Gas Production Supervision of NIOC Appointed

    Head of Oil and Gas Production Supervision of NIOC Appointed

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Company appointed Hormoz Qalavand as the director of oil and gas production supervision of the company.

  • Caretaker of Khazar Oil Company Appointed

    Caretaker of Khazar Oil Company Appointed

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Company appointed Morad Kamali as the caretaker of Khazar Oil Company.

  • CEO of NITC Appointed

    CEO of NITC Appointed

    TEHRAN (Shana) -- Hossein Shiva has been appointed as the CEO of the National Iranian Oil Tankers Company.

  • Oil Sales have Improved: Owji

    Oil Sales have Improved: Owji

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said Iran’s oil sales have improved, saying: "From the next one or two weeks, the export of petroleum products, which we had restrictions due to the supply of domestic reserves, will resume."

  • Iran Needs $160b to Develop Oil Industry

    Iran Needs $160b to Develop Oil Industry

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said Iran would need $160 billion to invest in its oil and gas industry.

  • Iran Firm Exports Catalysts to Neighboring Countries

    Iran Firm Exports Catalysts to Neighboring Countries

    TEHRAN (Shana) -- An Iranian company, relying on local knowledge and the efforts of domestic researchers, has had a successful performance in the production of chemical catalysts, which in addition to exporting products to neighboring countries, seeks to expand its export market to other countries.

  • Doroud, Arvand Oil Fields Up for Investment

    Doroud, Arvand Oil Fields Up for Investment

    TEHRAN (Shana) -- Doroud oil field, which is located in Kharg Island and northwest of the Persian Gulf, is among developed oil fields which the Iranian Offshore Oil Company (IOOC) presented to foreign investors within the framework of the new model of oil contracts known as Iran Petroleum Contract (IPC).

  • Potential for Mansouri & Salman Development

    Potential for Mansouri & Salman Development

    TEHRAN (Shana) -- Iran hopes to bring its oil output to over 5 mb/d under its 20-year vision plan through investing in ageing fields. Some of oil fields in Iran are already mature. Their oil has partly been recovered, but cutting edge technologies are needed to extract the remaining oil.

  • NISOC Reserves’ Value up $115bn

    NISOC Reserves’ Value up $115bn

    TEHRAN (Shana) -- National Iranian South Oil Company (NISOC) supplies over 80% of Iran’s crude oil and 16% of natural gas. As the largest subsidiary of National Iranian Oil Company (NIOC), NISOC runs 45 fields and 65 reservoirs covering 70,000 square kilometers stretching from Bushehr to Khuzestan provinces. Giant oil fields like Ahvaz, Gachsaran, Maroun, Aghajari, Karanj, Parsi and Bibi Hakimieh are among them.

  • 90% of Iran Gas Stations Active

    90% of Iran Gas Stations Active

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Products Refining and Distribution Company (NIORDC) said that more than 90% of the gas stations across the country have been activated, adding over 70% of the stations are expected to be linked to the smart fuel system by Friday.

  • 4,000 Filling Stations Running: Min.

    4,000 Filling Stations Running: Min.

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said nearly 4,000 filling stations are up and running in Iran, adding that there is no problem in supplying fuel in the country.

  • Iran Fuel System Fully Functional in 2 Days: Owji

    Iran Fuel System Fully Functional in 2 Days: Owji

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji told visiting Iranian President Ebrahim Raisi to Ministry of Petroleum that over 3,000 filling stations are active and the whole fuel system of the country would become fully operational within the next one to two days.

  • 3rd Iran-Germany Energy Working Committee Held

    3rd Iran-Germany Energy Working Committee Held

    TEHRAN (Shana) – The Director General of Europe, US and Caspian Neighbors Office of the International Affairs and Trade Department of the Ministry of Petroleum said: "Considering Germany's membership in the European Union, the Energy Working Committee can play an effective role in expanding relations with other European countries and provide a good basis for cooperation with EU members."

  • Owji Receives Turkmen FM

    Owji Receives Turkmen FM

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji hosted a meeting with a Turkmen delegation headed by Rashi Muradov, Turkmen Minister of Foreign Affairs, in Tehran on Tuesday, October 26, 2021.

  • Investigations ongoing to Resolve Smart Fuel System Glitch: MOP PR

    Investigations ongoing to Resolve Smart Fuel System Glitch: MOP PR

    TEHRAN (Shana) -- The General Directorate of Public Relations of the Ministry of Petroleum said efforts are underway to resolve an issue with the smart fuel system of the country, adding experts at National Iranian Oil Products Distribution Company (NIOPDC) are dealing with the matter.