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Purchase of Quality Items Required in Oil Industry, Guaranteed
TEHRAN (Shana) – Iranian Ministry of Petroleum has set up a new initiative to support domestic manufacturers by guaranteeing purchase of their quality items needed in the petroleum industry.
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Localization of 8,000 Oil, Gas Items in MOGPC since March
TEHRAN (Shana) – The managing director of Maroon Oil and Gas Production Company (MOGPC) said his company had managed to localize manufacturing of 500 items including 8,000 pieces used in oil and gas operations since March.
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Petropars to Develop Farzad B Gas Field
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the Iranian oil company Patropars was awarded the engineering, exploration and basic design sections of Farzad B Gas Field Development Project.
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NIOC Inks Research Deal with Local Universities
TABRIZ (Shana) – The National Iranian Oil Company (NIOC) has signed two contracts with Sahand and Tabriz universities of technology on geological studies of west and northwestern Iran.
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Gas Emissions Nearly Eradicated at KOGPC
KHUZESTAN (Shana) – The CEO of Karoon Oil & Gas Production Co. (KOGPC) said his company had invested over a billion dollars to prevent gas emissions in its operations which was currently 95% complete.
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GOGPC Signed 54 Deals with Local Suppliers for Building Items
KHUZESTAN (Shana) -- Gachsaran Oil and Gas Production Company (GOGPC) has signed 54 deals with local manufacturers for production of oil industry items and parts.
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NISOC Displays List of Needed Items for Domestic Manufacturing
KHUZESTAN (Shana) -- The National Iranian South Oil Company (NISOC) has provided a list of 7,500 items to be developed by local manufacturers.
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RIPI Saves Iran $200m by Localizing Technical Items
TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) head said the institute had saved the country 200 million dollars by supporting knowledge-based companies and providing and commercializing items needed in the industry.
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Iran Eyes $50/b Oil Price Next Year
TEHRAN (Shana) -- Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50.
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Volume of Smuggled Petrol Very Low: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the volume of smuggled petrol and gasoil from Iran was “very little”.
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5 OPEC Decision in 177th Meeting
VIENNA (Shana) – OPEC+ production cuts increased by 503,000 barrels per day, secondary sources designated as OPEC and non-OPEC production reference sources, gas condensate was removed from crude oil production calculation of non-OPEC producers, Algeria's Energy Minister was selected as OPEC Conference President alphabetically, and eventually, Iran became the vice-chairman of the OPEC board of governors.
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Zangeneh Satisfied with Talks at OPEC 177th Conference
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh expressed satisfaction at the negotiations between OPEC members on Thursday, announcing an extraordinary OPEC meeting would be held within the next 3 to 4 months.
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We would never Forfeit Iranian Nation's Rights: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said he and his team would never give up on the Iranian nation’s rights.
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Zangeneh to Meet with OPEC Sec. Gen., Conference President
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh is scheduled to meet with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), and Venezuela's People's Minister of Petroleum and President of the OPEC Conference in Vienna on Thursday.
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US Efforts to Stop Iran Oil Export, Fruitless: Parl. Speaker
TEHRAN (Shana) -- Iranian Parliament Speaker Ali Larijani leveled criticism at the White House, saying the US efforts to bring Iran’s oil exports to zero was fruitless.
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RIPI to Host Petrotest in December
TEHRAN (Shana) – The Research Institute of Petroleum Industry (RIPI) is to host the first startup event for university students for the Iranian Ministry of Petroleum in December.
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NIDC Drills 111,000 m of Oil, Gas Wells in 8 Months
TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has drilled 111,000 meters of oil and gas wells since March 2019.
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Iran to Dig New Wells in North Azadegan
TEHRAN (Shana) -- The operator of Azadegan Oilfield Development Project said plans were under way to drill a number of new wells in the joint oilfield.
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Air Compressor Restored after 20 Years in Lavan
TEHRAN (Shana) -- Restoration of an air compressor after 20 years has saved the Iranian Offshore Oil Company (IOOC) at least IRR7,000 million.
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NIOC to Offer 6mb of Crude Oil, Gas Condensate at IRENEX
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) has planned to put for sale 6 million barrels of crude oil and gas condensate on the Iran Energy Exchange (IRENEX) next week.
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Namavaran: 2nd Largest Oil Reservoir in Iran
TEHRAN (Shana) -- Experts at the National Iranian Oil Company’s exploration department have discovered a new oil reservoir in Khuzestan Province, which holds 22 billion barrels of crude oil in place.
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Exploration Atlas of Iran Oil, Gas Fields Unveiled
TEHRAN (Shana) – The Atlas of Iran's oil and gas fields which were explored after the 1979 Islamic Revolution was unveiled by the National Iranian Oil Company (NIOC)'s exploration department.
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NIDC Drilled 1st Directional Well in Iran
TEHRAN (Shana) -- Iranian drillers at the National Iranian Drilling Company (NIDC) have spudded the first and deepest directional well in Kazhdomi structure of South Azadegan Oilfield.
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Iran Names Newly-Discovered Oilfield Namavaran
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the newly-discovered oilfield in Khuzesan was named Namavaran, adding the field had an oil in place estimate of 53.3 billion barrels.
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Iran Firm Plans for Mass-Production of Multiphase Pumps
TEHRAN (NIPNA) -- The CEO of PetroIran Development Company announced its plans for mass-production of multiphase pumps in collaboration with local manufacturers.
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Iran Discovers New Oilfield in Khuzestan: Rouhani
TEHRAN (Shana) -- Iranian President Hassan Rouhani announced the discovery of a new oilfield in the south-western province of Khuzestan.
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SZOGPC Localizes Technology to Construct Borehole Imager
TEHRAN (Shana) – Iran’s South Zagros Oil and Gas Production Company (SZOGPC) has indigenized construction of borehole imagers which was previously monopolized by a few foreign companies.
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NIDC Drills 73 Oil Wells Since March
TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has drilled 73 oil and gas wells over the first 7 months of the current calendar year, which began on March 21.
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Creating Job Market, Best Method to Support Domestic Manufacturers: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the best support for domestic companies and manufacturers was to provide them with a job market, saying: "We need investment to create jobs."
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KOGPC to Carry out Rls.800b Environmental Projects
TEHRAN (Shana) -- Karoon Oil and Gas Production Co. (KOGPC) has planned to spend 800 billion Iranian rials on environmental projects.