oil

Azar Field Output at 65,000 b/d

TEHRAN (Shana) -- Iran invested over $1.4 billion in the jointly-owned Azar oil field despite US sanctions to lift oil output from this field to 71,500 b/d and that of gas to 78 mcf/d of Azar, containing both oil and gas, is one of the most challenging petroleum industry projects in Iran.
2021-03-06 14:24
Biggest Oil/Gas Opportunity in Iran

TEHRAN (Shana) -- Oil sanctions against Iran remain effective. But the country says it would export 2.3 mb/d of oil and condensate this year. Many experts believe that Iran’s return to the oil market is unlikely to cause any shock.
2021-03-06 14:21
14th OPEC+ Meeting Begins

TEHRAN (Shana) -- The 14th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) began a few minutes ago.
2021-03-04 17:12
DoC JTC Discusses Oil Market Developments

VIENNA (Shana) -- The Joint Technical Committee (JTC) held its 49th meeting via videoconference in preparation for the 27th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 14th OPEC and non-OPEC Ministerial Meeting (ONOMM) scheduled for Wednesday, 3 March 2021, and Thursday, 4 March 2021, respectively.
2021-03-03 07:38
Petchem Industry, Helpful under Sanctions: Rouhani

TEHRAN (Shana) – Iranian President Hassan Rouhani said: "During these years of economic warfare and sanctions, one of the places that came to our aid was the petrochemical industry."
2021-03-02 16:12
Minister Rejoices over Iran Activities in Joint Oil Fields

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s current status in joint oil and gas fields is favorable, saying the country is currently producing 400,000 barrels per day of crude oil in the West Karoun Oilfields Cluster.
2021-03-01 17:49
Total Oil Output of Azar Joint Field at 36mb

TEHRAN (Shana) – Iran has so far produced over 36 million barrels of crude oil from Azar join oilfield, the executor of Azar Field’s development project announced.
2021-03-01 13:50
Rouhani Launches Azar Oil Field Development Plan

TEHRAN (Shana) – Iranian President Hassan Rouhani signed off on commissioning Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil.
2021-03-01 11:53
Rouhani to Launch Azar Oil Field Development Plan

TEHRAN (Shana) -- The Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil will be put into operation on Monday, February 29, 2021, in the presence of Iranian President Hassan Rouhani via video conference.
2021-02-28 18:38
OPEC’s 8th International Seminar Postponed to 29-30 June 2022

TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria.
2021-02-25 04:22
Golden Days for Iran Refining

TEHRAN (Shana) -- The coronavirus has given our planet a new chance to breathe. Travel rates have dropped sharply. Demand for oil and petroleum products has been falling since the outbreak of the pandemic. Oil wells and refineries across the globe are shutting down one after another. Despite the historic OPEC+ agreement for oil production cut, oil price slump has not stopped. However, there is no sign of increased demand for oil and petroleum products in the market.
2021-02-24 12:42
Key Drilling Item Localized

TEHRAN (Shana) -- A basic functional part in the drilling rig lifting equipment set was localized and operationalized in a joint venture between the specialists of the National Iranian Drilling Company and the Islamic Azad University of Ahvaz.
2021-02-24 12:38
Iran Fully Self-sufficient in Pipeline Construction

TEHRAN (Shana) -- The CEO of the National Iranian Oil Engineering and Construction Company said: "We have become completely self-sufficient in construction and implementation of crude oil and petroleum products transmission pipelines under the most difficult economic conditions and sanctions."
2021-02-22 12:17
Iran Launches 3 Key Pipelines

TEHRAN (Shana) -- Iranian Minister of Petroleum officially launched three important pipelines for the transfer of petroleum products.
2021-02-22 10:31
Iran to Start Oil Production in Khesht Field Next Year

TEHRAN (Shana) – The CEO of the Iranian Central Oil Fields Company said plans were under way to start crude oil production at Khesht Oilfield in the first half of the next Iranian calendar year which starts on March 21, 2021.
2021-02-21 21:53
PGPIC Entrusts Local Firms with Parts Supply

TEHRAN (Shana) -- The production manager of the Persian Gulf Petrochemical Industries Company (PGPIC) said the company has signed Rls. 40,000 billion worth of contracts with local providers and manufacturers for the supply of items and goods required in the holding giant's projects.
2021-02-17 10:40
SIPIEM inks €3.2b Deal with PGPIC

TEHRAN (Shana) -- The head of the Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM) said the association had signed a 3.2-billion euro memorandum of understanding with the Persian Gulf Petrochemical Industries Company (PGPIC) with the aim of supplying goods and equipment for petrochemical projects and complexes.
2021-02-16 15:52
1st 3.2 MW Pump of Goreh-Jask Project Delivered

TEHRAN (Shana) -- The first 3.2-MW pump made in Iran, after successfully passing performance tests, was delivered to the Goreh-Jask crude oil transfer project and reached the installation site in Pumping House No. 2, located 50 km off Bushehr.
2021-02-14 16:01
1st SPM Loaded for Jask Oil Terminal

TEHRAN (Shana) -- The head of Jask Oil Terminal Project said the single point mooring, submarine multi-lane and the accessories of the early commissioning section of Jask Oil Terminal Project were loaded in Khorramshahr Industrial Yard.
2021-02-13 14:20
No talks on JCPOA, Zarif

TEHRAN (Shana) -- Iranian Foreign Minister Mohamad Javad Zarif has ruled out any new talks with the United States on the 2015 nuclear deal, underlining the need for the U.S. to make up its mind about Iran.
2021-02-09 10:50
80% of Petchem Equipment Build Domestically: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country was currently receiving 80% of the equipment and parts it needs in the petrochemical sector by domestic firms and manufacturers.
2021-02-07 15:30
Iran Eyes Petchem Hub in Kermanshah

TEHRAN (Shana) – Iran has devised plans to convert the western province of Kermanshah into the third petrochemical hub of the country.
2021-02-06 14:16
Understanding Marine Seismic Surveys

TEHRAN (Shana) -- Understanding Marine Seismic Surveys
2021-02-03 12:04
Ab Teimour Up for Investment

TEHRAN (Shana) -- Although ten giant oil fields in Iran account for the bulk of Iran's oil production, they are all in the second half of their lifecycle as inadequate investment in them, over years, has left their recovery rate at a low level.
2021-02-02 14:49
FM Spokesman:

Developments positive on Iran Tanker in Indonesia

TEHRAN (Shana) -- A spokesman for the Ministry of Foreign Affairs said that the developments regarding the seized Iranian oil tanker in Indonesia have been positive.
2021-02-01 16:50
80% non-Rotating Equipment Domestically Made in Oil Industry: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said more than 80% of the non-rotating equipment of the oil industry is made domestically.
2021-01-31 00:30
Iran Oil Exports would be Zero without Zangeneh: CEO

TEHRAN (Shana) – The CEO of the National Iranian Tanker Company said Iran’s oil exports would have been zero had it not been because of the prudence of Iranian Minister of Petroleum Bijan Zangeneh.
2021-01-30 23:27
Brent Crude to hit $50/b in 2021

TEHRAN (Shana) – The director general of OPEC Affairs and Relations with International Energy Assemblies of the Ministry of Petroleum, said the average price of Brent crude oil in 2021 is expected to fluctuate between $48 and $50 per barrel, according to the latest International Monetary Fund report.
2021-01-30 13:49
Flarestack of Tombak Export Port On

TEHRAN (Shana) -- The project manager of Tombak service and export port said with the lighting of the flarestack of the port, the first safety stage of the commissioning process of the project was completed.
2021-01-27 18:25
Laying 1st Marine Pipeline of Jask Terminal Complete

TEHRAN (Shana) -- The head of Jask Oil Terminal Project said that construction of the first 36-inch marine pipeline to transport crude oil to the Jask export terminal was completed.
2021-01-27 17:20