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Iran And Pakistan Stress on Boosting Economic Cooperation
SHANA (Tehran) - Iran’s acting president Mohammad Mokhber says that Pakistani officials are expected to closely pursue implementation of unfulfilled deals including Iran-Pakistan gas pipeline project (IP) expressing Iran’s readiness for cooperation to remove the hurdles.
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NIOC Finalizes 2 Oil Processing Services Contracts
SHANA (Tehran) The National Iranian Oil Company (NIOC) has signed 2 separate contracts for the purchase of crude oil processing services which is obtained by using skid mounted systems.
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Bande Karkheh Oil Field Development Contract Concluded
SHANA (Tehran) - NIOC and MAPNA Oil and Gas Development Company have signed a contract for development of Bande Karkheh oil field with in place oil reserves of 980 million barrels.
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Changuleh Oil Field Development Plan Contract Signed
SHANA (Tehran) – Changuleh oil field development contract was signed today between the National Iranian Oil Company (NIOC) and Oil Industry Engineering and Construction Company (OIEC).
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Russia Developing New Oil Fields in Iran
SHANA (Tehran) - Tehran and Moscow reviewed their past 3 years of economic cooperation, comprising all the interested bilateral issues, in the framework of the Iran-Russia Economic Cooperation Joint Commission, reaching good deals with regard to developing new oil fields in Iran.
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Iran-Russia Trade Up By 48 Percent, Novak
SHANA (Tehran) - The volume of bilateral trade between Iran and Russia increased by 48 percent during the first quarter of 2024 when compared with corresponding period last year.
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Owji And Novak Stress on Consolidating Iran-Russia Relations
SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji who is visiting Moscow has said that the two countries will continue expanding bilateral relations.
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Oil Sector Records Incredible Rate of Growth
SHANA (Tehran) - Iran’s oil sector growth stood at 20.3 percent last year, consequently played a significant role in gross domestic production (GDP) growth, helping the overall economy to become larger.
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Yadavaran Boosting Oil Production Plan Launched
SHANA ((Tehran) - The Yadavaran shared oil field’s development plan was launched on Wednesday with the aim of boosting oil production by 42 thousand barrels per day.
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South Pars Gas Field Platform 13 Ready For Gas Extraction
SHANA (Tehran) - Iranian Minister of Petroleum, Javad Owji, says the South Pars phase 13 Alpha platform is ready to start gas extraction.
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MP Admires Energy Diplomacy Performance
SHANA (Tehran) - During the 13th administration in office, the Petroleum Ministry contributed to creation of new businesses by supporting domestic knowledge-based companies.
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OPEC’s Oil Price Rises for 5 Days in A Row
SHANA (Tehran) - OPEC’S daily oil price has risen consistently since 3rd June, a day after it fell considerably after holding 188th OPEC and 37th OPEC+ Ministerial Meetings on June 2.
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NIGC Official Outlines Achievements
SHANA (Tehran) - The National Iranian Gas Company’s (NIGC) Directorate for Dispatching manager, Saeed Aghli, says that the company has managed to distribute 815 billion cubic meters of gas over the past 1000 days of the 13th administration in office, without allowing imbalances to grow.
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South Pars Gas Complex Reduces Gas Emissions
SHANA (Tehran) - South Pars Gas Processing Complex managed to capture more volumes of gases burnt by gas stacks during the last Iranian calendar year, which ended on 20 March 2024.
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Changoleh Oil Field Development Contract To Be Signed Soon
SHANA (Tehran) - Managing director of the National Iranian Oil Company (NIOC), Mohsen Khojastemehr, has said that the Changuleh oil field development contract will be signed soon.
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Riasi Energy Achievements Remarkable, MP
During the period Ibrahim Raisi served as president, the energy sector witnessed a major breakthrough amid boosting oil production and exports.
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NGL-1300 Ready to Come Online
SHANA (Tehran) - Managing director of Dehloran Natural Gas Liquids plant (NGL-1300) , Javad Kamari, says that the refining facility is ready to start operations officially.
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OPEC's Weekly Price Falls
SHANA (Tehran) – OPEC’s weekly basket price fell by 3.79 dollars during the week ending on June 6.
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3 Gas Supply Projects Come Online in Sistan-o-Baluchestan
SHANA (Tehran) - On the sidelines of the oil industry projects in Sistan-o-Baluchestan province, the Petroleum Ministry has implemented a number of social responsibility projects in the southeastern province and is committed to do more.
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OPEC Announces Daily Basket Price
SHANA (Tehran) – OPEC Secretariat announced the price of OPEC basket of twelve crudes stood at $78.17 a barrel on June 3, compared with $81.30 the previous day.
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Supporting First-Time Production Securing Economic Growth
SHANA (Tehran) - Realization of sustainable economic growth depends on supporting first-time production activities in the oil and gas industry.
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Acting President to Inaugurate Natural Gas Projects
SHANA (Tehran) - Iranian Minister of Petroleum, Javad Owji says a number of gas supply projects will be inaugurated in the southeastern province of Sistan-o-Baluchestan in the presence of the acting president Mohammad Mokhber.
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OPEC+ Extends Collective Production Cuts Into 2025
SHANA (Tehran) -In a press release that was published at the end of OPEC+ ministerial meeting on 2 June, the oil producing group reaffirmed its commitment to the Declaration of Cooperation (DoC) and decided to extend the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC into the next year.
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OPEC+ To Continue Collective Oil Production Cuts In 2025, Owji
SHANA (Tehran) - Iranian Minister of Petroleum, Javad Owji, says OPEC+ has decided to continue its collective oil production cuts up to the end of 2025.
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OPEC Conference Convenes with A Minute of Silence to Respect Raisi
SHANA (Tehran) - The oil and energy ministers of the OPEC member countries began the 188th ministerial meeting of the organization with a minute of silence to express sympathy with the government and people of Iran and to pay tribute to the martyr Seyed Ebrahim Raisi, the late Iranian president.
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188th OPEC Conference Convenes
SHANA (Tehran) - The 188th Meeting of the OPEC Conference convened today, June 2, via videoconference.
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OPEC+ Conference Is Held Today
SHANA (Tehran) - The 188th Meeting of the OPEC Conference, the 54th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM) is held on Sunday, 2 June, via videoconference.
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Bahregan Gas Flare Stops 60 Years of Operation
SHANA (Tehran) - Bahregan Oil Zone onshore installations’ gas flare turned off after 60 years of operation.
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20 New Power Plants Fed by Natural Gas
SHANA (Tehran) - Since the 13th administration took office in August 2021, 20 power plants have been connected to the nationwide natural gas pipeline network to take clean energy as fuel.
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Oil Sector the Driving Force of Economic Growth, PBO
SHANA (Tehran) - All sectors of the economy have experienced a desirable rate of growth, but the oil sector plays the specific role of driving force with a higher rate of growth than other sectors.