• NISOC Output to hit 3.28 mbd by 2027

    NISOC Output to hit 3.28 mbd by 2027

    TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the company is planning to bring its daily production capacity to 3.28 million cubic meters by the next 5 years.

  • Iran Eyes 15-40% Oil Output Rise by EOR

    Iran Eyes 15-40% Oil Output Rise by EOR

    TEHRAN (Shana) -- The integrated planning director of the National Iranian Oil Company (NIOC) said by applying EOR and IOR methods the country’s petroleum production could increase by 15 to 40 percent.

  • EOR Contract to be Signed with Iran Developers

    EOR Contract to be Signed with Iran Developers

    TEHRAN (Shana) -- The director of monitoring oil and gas production of the National Iranian Oil Company said: "Soon the contract to enhance recovery of oil and gas wells will be signed with domestic companies."

  • Gas turbine parts of Sarkhoun, Qeshm Refinery Localized

    Gas turbine parts of Sarkhoun, Qeshm Refinery Localized

    TEHRAN (Shana) -- The supervisor of Sarkhoon and Qeshm Gas Refining Company said the plant’s staff had been able to domestically manufacture parts of the gas turbines used in the refinery.

  • South Pars Phase 11 Gas Available by Winter

    South Pars Phase 11 Gas Available by Winter

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the ongoing negotiations for the development of the Iranian oil market, and said: "Oil exports have improved in recent months, but we are negotiating with new and old customers to develop the market."

  • Oil Sale, Cash Transfer Easily Done for Iran: Veep

    Oil Sale, Cash Transfer Easily Done for Iran: Veep

    TEHRAN (Shana) -- The first vice president said: "Today we are selling oil well, and money transfer is done properly and current expenses of the country are provided without borrowing and methods that lead to inflation."

  • Bandar Imam Petchem Plant signs 28 MoUs with KBCs

    Bandar Imam Petchem Plant signs 28 MoUs with KBCs

    TEHRAN (Shana) -- Bandar Imam Petrochemical Company signed memoranda of understanding for cooperation with 28 local knowledge-based companies (KBC) on the first day of the "Development of Relations with Knowledge-Based and Technology Companies" conference.

  • Use of Overseas Refineries Weakens Designs of Iran Enemies: Ex-Official

    Use of Overseas Refineries Weakens Designs of Iran Enemies: Ex-Official

    TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company said: "The development of using the empty capacity of offshore refineries by the 13th administration can weaken the enemy's plan to reduce oil revenues."

  • Russia Studies of Iran Oil, Gas Fields in Final Stages

    Russia Studies of Iran Oil, Gas Fields in Final Stages

    TEHRAN (Shana) -- The CEO of National Iranian Oil Company (NIOC) the study of Iran’s oil and gas fields by Russian companies is nearing its end and the Memoranda of understanding (MoUs) for these studies will soon turn into contracts.

  • Russia to Boost Investment in Iran Oil Fields: Novak

    Russia to Boost Investment in Iran Oil Fields: Novak

    RUSSIA (Shana) -- The Deputy Prime Minister of Russia called the relations between Iran and Russia trustworthy and at a high political level, and said: “The amount of Russian investment in Iran's oil fields will increase.”

  • Iran, Russia Public, Private Sectors Keen to Neutralize Bans

    Iran, Russia Public, Private Sectors Keen to Neutralize Bans

    RUSSIA (Shana) – The Iranian Minister of Petroleum announced the implementation of joint plans and agreements between Iran and Russia in the near future, and emphasized: "There is now a strong will in the public and private sectors of both countries to neutralize the sanctions."

  • Iran-Russia Ties to hit Closest Level Ever: Novak

    Iran-Russia Ties to hit Closest Level Ever: Novak

    RUSSIA (Shana) -- The Deputy Prime Minister of Russia said the relations between Iran and Russia will soon reach the highest level and a new record will be set.

  • Iran, Russia sign Cooperation Docs

    Iran, Russia sign Cooperation Docs

    TEHRAN (Shana) -- Iran and Russia signed four cooperation documents at the 16th meeting of the Joint Economic Commission with the aim of expanding the relations between the two countries.

  • Owji addressed Iran-Russia Commission

    Owji addressed Iran-Russia Commission

    RUSSIA (Shana) – Iranian Minister of Petroleum Javad Owji addressed the 16th Joint Commission for Economic Cooperation of Iran and Russia that was held in the latter.

  • Russian Investors to Spend $4.5b in 7 Iran Oilfields: Owji

    Russian Investors to Spend $4.5b in 7 Iran Oilfields: Owji

    RUSSIA (Shana) – The Iranian Minister of Petroleum said Russian investors and companies have finalized a contract for developing 7 oil and gas fields with Iran worth $4.5 billion, and some projects have achieved 7 to 35% physical progress so far.

  • Tehran-Moscow Cooperation Render Bans Futile: Owji

    Tehran-Moscow Cooperation Render Bans Futile: Owji

    GROZNY (Shana) – Iranian Minister of Petroleum Javad Owji said expansion of cooperation between Iran and Russia will make international sanctions ineffective.

  • Iran, Russia Stepping up Oil Ties

    Iran, Russia Stepping up Oil Ties

    TEHRAN (Shana) -- The director of support for manufacturing and supply of goods at the National Iranian Oil Company (NIOC) announced the willingness of Iran and Russia to tap the existing capacities in manufacturing and supply of goods between the two sides.

  • Petroleum Minister visits Russia

    Petroleum Minister visits Russia

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji has traveled to Russia to attend the 16th meeting of the Joint Economic Commission of Iran and Russia.

  • Iran, Russia Building Strong Ties: Envoy

    Iran, Russia Building Strong Ties: Envoy

    TEHRAN (Shana) -- Iran's ambassador to Russia said Tehran and Moscow have established very good cooperation in the field of energy, and one of these areas is investment in oil and gas fields.

  • OPEC Sec. Gen. Sends Message of Condolences on Terrorist Attack in Shiraz

    OPEC Sec. Gen. Sends Message of Condolences on Terrorist Attack in Shiraz

    TEHRAN (Shana) -- Haitham Al Ghais, the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) sent a message expressing his condolences over the death of dozens of the visitors of Shahcheragh Holy Shrine in the southern city of Shiraz by a terrorist attack last week.

  • Iran, Russia Commission Influential in Mutual Business Process

    Iran, Russia Commission Influential in Mutual Business Process

    TEHRAN (Shana) -- The Deputy Minister of Commerce of the Minister of Agricultural Jihad considered the meeting of the joint commission of Iran and Russia to be one of the most important and influential meetings in the business process of the two countries, and said: “Joint memoranda is signed between Iran and Russia in the field of standardization of protocols governing the Plant Protection Organization, as well as the Veterinary Organization and other organizations that are decisive in the field of export of agricultural products.”

  • Tehran, Moscow to sign Cooperation Roadmap

    Tehran, Moscow to sign Cooperation Roadmap

    TEHRAN (Shana) -- The deputy of international affairs and trade of the Minister of Petroleum said the cooperation roadmap between Iran and Russia would be signed at the meeting of the 16th joint economic commission of the two countries.

  • Iran, Russia in Close Oil Cooperation

    Iran, Russia in Close Oil Cooperation

    TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Consultative Assembly said: “Russia is our friend and neighbor and the cooperation capacity between the two countries is very high, especially in the oil and gas industry.”

  • Working Groups Meeting of Iran-Russia Joint Economic Commission Begins

    Working Groups Meeting of Iran-Russia Joint Economic Commission Begins

    TEHRAN (Shana) -- The meeting of the working groups of the 16th Joint Economic Commission of Iran and Russia started in Russia in the presence of experts from different working groups to examine the capacities of cooperation.

  • Russia to host 16th Joint Economic Commission with Iran

    Russia to host 16th Joint Economic Commission with Iran

    TEHRAN (Shana) -- The 16th Iran-Russia Joint Economic Commission will be hosted by Russia from October 30 to November 1.

  • Reviving Low-Yield Oil Wells, NIOC’s Severe Concern

    Reviving Low-Yield Oil Wells, NIOC’s Severe Concern

    TEHRAN (Shana) -- Figures do indicate that Iran ranks first in the world in terms of the aggregate oil and gas reserves. Taking advantage of this huge wealth or preserving it for future generations has always been a challenge for policy makers. The arrival of renewable energies and the efforts of countries to ramp up energy security and non-dependence have caused oil-rich countries to seek to optimize production from hydrocarbon reservoirs in order to turn it into a capital for future generations. In the meantime, some countries, including Iran, have put on their agenda a written program to revive inactive wells as a short-term solution to improve their oil output. The following is an overview of Iran's plan to revive low-yield oil wells.

  • Ensuring Oil Flow at Azar Field: A Herculean Task?

    Ensuring Oil Flow at Azar Field: A Herculean Task?

    TEHRAN (Shana) -- Azar is one of Iran's oil fields developed by an Iranian consortium with €1.4 billion in investment. One of the most complex oil fields in Iran, Azar is located in Anaran exploration block in Ilam province, western Iran.

  • Iran Energy Diplomacy in the Land of the Rising Sun

    Iran Energy Diplomacy in the Land of the Rising Sun

    TEHRAN (Shana) -- Javad Owji, Iran’s Minister of Petroleum, who visited Tokyo from Saturday to Wednesday, September 24-28, heading a delegation to attend several meetings and consult with Japanese majors, represented the government of the Islamic Republic of Iran in the state memorial ceremony of Shinzo Abe, the late president of Japan. In the visit to Japan, in addition to meeting Nishimura Yasutoshi, the Minister of Economy, Trade and Industry of Japan, Yoshimasa Hayashi,  and the Minister of Foreign Affairs of Japan; HE Owji also met with the CEOs of major Japanese oil and gas companies, including Toshiaki Kitamura, the CEO of Inpex, Takeshi Saito, the president of Eneos, Yamamoto, the CEO of Fuji Oil, Tramura, a member of the board of directors of the Nippon Export Investment Insurance (NEXI), Haba, the CEO of Mitsubishi Oil and Gas, and the CEO of Marubani Company, to discuss investment opportunities in the upstream and downstream sectors of Iran's oil industry, cooperation, trade of energy carriers and technology.

  • IR Iran Becomes a Member of the Shanghai Cooperation Organization (SCO)

    IR Iran Becomes a Member of the Shanghai Cooperation Organization (SCO)

    TEHRAN (Shana) -- The President of Uzbekistan Shavkat Mirziyoyev, as the host of the 22nd SCO Summit, announced Iran's permanent membership in this organization in his speech on Friday 16 September 2022. The Islamic Republic of Iran became a permanent member of the SCO at its 21st Summit in the presence of 12 permanent and observer members.

  • Record 128bn Liters Transmission Set

    Record 128bn Liters Transmission Set

    TEHRAN (Shana) -- Transmitting oil and petroleum products from production points to consumers in Iran is one of the activities that require precision, speed and round-the-clock efforts, depending on the type of geography and its specific coverage. With 14,000 kilometers of oil and petroleum products transmission lines, Iran has a certain place in terms of the diversity of these lines and the uniqueness of the lines in the Middle East in this domain.