KBCs to Help Delay Natural Drop in Iran Oil Output

TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) is planning to ramp up its cooperation with domestic knowledge-based firms in order to delay the natural drop in oil output of Iran’s fields.

POGC to Invest $2m for Laboratory Modeling of Corrosion

TEHRAN (Shana) – Pars Oil and Gas Company (POGC) is planning to invest $2 million in a project for laboratory modeling of corrosion together with a knowledge-based company.

Iran Firms Ready to Join Iraqi Oil Projects

TEHRAN (Shana) -- The Iraqi Ministry of Oil has issued a circular to all Iraqi companies announcing the readiness of Iranian specialized companies to participate in Iraq's oil and gas projects.

Oil Storage Capacity to Increase in Khark Terminal

TEHRAN (Shana) – The CEO of Iran Oil Terminals Company announced plans to increase crude oil storage capacity by 4,200,000 barrels at Khark Oil Terminal.

Good Oil Agreement made with China: Owji

TEHRAN (Shana) -- The Iranian Minister of Petroleum said: During the visit of the Deputy Prime Minister of China and the accompanying delegation to Iran, good agreements and understandings were made regarding the development of oil and gas fields and joint fields in Iran.

MOP Inks Cooperation MoU with AEOI

TEHRAN (Shana) – The Iranian Ministry of Petroleum and the Iran Radiation Application Development Company signed a memorandum of understanding for technological cooperation and the utilization of radiation in the oil industry.

Iran ready to bolster Energy Ties with China: Veep

TEHRAN (Shana) -- The first vice president said: “Tehran is ready to expand its cooperation with Beijing in various sectors such as energy, transit and joint production.”

Iran, China Preparing for Oil, Energy Cooperation

TEHRAN (Shana) -- The Iranian Minister of Economy and Finance said executive measures have been placed on the agenda of the Iran-China Comprehensive Cooperation Program meeting in the field of oil and gas and investment.

$15b Petchem Market Waiting for KBCs

TEHRAN (Shana) -- The director of strategy and infrastructure of product development, technology and innovation of the Persian Gulf Petrochemical Industries Company (PGPIC) said the firm has about $15 billion of active plans up for grabs by knowledge-based startups.

IOOC Raises Gas Output 35 mcf/d

TEHRAN (Shana) -- Gas production of the Iranian Offshore Oil Company (IOOC) increased by 30 to 35 million cubic feet per day (mcf/d) by exploiting a project to enhance gas production capacity in Qeshm operational area and establishing flow from the fields of Gorzin Field.

Iran Petroleum Minister Hosts Meeting with Tajik Opposite Number

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji hosted a meeting in his Tehran office on Tuesday evening with the visiting Tajik minister of energy.

CEO Stresses Necessity of Creating Sufficient Incentives for Human Capital

TEHRAN (Shana) -- The CEO of the National Petrochemical Company, while emphasizing the need to create sufficient motivation for human capital, said: "It is planned that all the products and equipment of the petrochemical industry be internalized within the next seven years."

NIOC Discovers New Oil Reservoirs in Southwest Iran

TEHRAN (Shana) -- The director of exploration of the National Iranian Oil Company (NIOC) announced the discovery of new oil reservoirs in the southwest of Iran, and said: “There are 14 oil and gas exploration blocks in the country.”

OPEC+ Sticks to 2mbd Output Cut

TEHRAN (Shana) -- The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by 2 million barrels per day until the end of 2023.

Liquid Ring Compressors Localized in Arvand Petchem Plant

TEHRAN (Shana) -- The liquid ring compressors of Arvand Petrochemical Company were localized by knowledge-based companies by reverse engineering method, relying on local experts.

185th OPEC Meeting Held Online

TEHRAN (Shana) -- The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.

Iran, Iraq Form Joint Oil Working Group

TEHRAN (Shana) -- The oil ministries of the Islamic Republic of Iran and Iraq announced their agreement to establish a joint oil working group.

Construction of $3b Petchem Projects in Ilam

TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said Iran's petrochemical industry has $3 billion worth of petrochemical projects under construction in Ilam province, western Iran.

Iran, Venezuela Discuss Deeper Energy Ties

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji had a telephone conversation with Tareck El Aissami, Vice President and Minister of Oil of Venezuela, regarding the development of cooperation between the two countries in the field of energy and the latest developments in the global oil market.

Owji: Iraq has Paid off All Gas Arrears

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said last year and this year, “we received all the arrears regarding the collection of demands, especially the demands for gas export to Iraq, and almost all the demands are settled so far.”

Tondgouyan Petchem Plant to Celebrate Catalyst Self-sufficiency

TEHRAN (Shana) -- Head of Research and Technology of Shahid Tondgouyan Petrochemical Plant said the company is to be the first Iranian petrochemical firm to celebrate localization of all the catalysts, chemicals and heat transfer intermediate oils with the cooperation of Iranian knowledge-based companies.

Iran Acquires Savvy to Lighten Heavy Oil Atomically

TEHRAN (Shana) -- The Deputy Director of the Atomic Energy Organization of Iran (AEOI) said: “This technical know-how of lightening heavy crude oil with atomic radiation will be unveiled at the first knowledge-based conference of the oil industry.”

Iran Ready to Engage in Iraq Oil, Gas Projects

TEHRAN (Shana) -- The CEO of the Iranian Gas Engineering and Development Company (IGEDC) announced Iran's readiness to participate in Iraq's oil and gas projects.

Iran Breaks Oil, Petchem Export

TEHRAN (Shana) -- The Iranian Minister of Petroleum announced smashing the record of Iran's export of crude oil, gas condensate and petrochemicals in the month of Aban (October 23-November 21) since at least 2018.

NIOC in Exploration Talks with Foreign Partners

ICOFC Ready for Winter Fuel Supply

TEHRAN (Shana) -- The CEO of the Iranian Central Oil Fields Company (ICOFC) voiced the company's readiness to supply winter fuel and fulfill its production plan instructed by the National Iranian Oil Company (NIOC).

NIOC Mulling €30mn Oil Megaprojects

TEHRAN (Shana) -- The Director of Research and Technology of the National Iranian Oil Company (NIOC) said the company has defined 10 oil and gas megaprojects with a total value of €30 million and Rls. 1,500 billion.

Active Presence of Oil Firms in Iran Exclusive Turkmenistan Fair

TEHRAN (Shana) -- Oil companies will actively participate in Iran's exclusive exhibition in Turkmenistan, which is to be held in December.

2mcm Gas Recovered in South Zagros

TEHRAN (Shana) -- The head of the exploitation engineering department of the South Zagros Oil and Gas Production Company said by conducting specialized and monitoring operations and tests 2 million cubic meters of gas were recovered daily in South Zagros.