oil

Iran Self-sufficient in Production of Wellhead Valves

TEHRAN (Shana) -- A member of the Iranian Oil Industry Equipment Manufacturers Association said the country was self-sufficient in production of wellhead valves.
2020-01-22 17:09
Persian Gulf Star Refinery among Top 10 Iran Firms

TEHRAN (Shana) – The CEO Persian Gulf Star Oil Company said his company was ranked among the top 10 companies in Iran.
2020-01-21 16:10
Iran Oil Output from North Azadegan hits 100 mb

TEHRAN (Shana) – Iran’s crude oil production at North Azadegan Joint Oilfield has reached 100 million barrels since 2016.
2020-01-18 16:02
Iran Eyes Enhanced Output at North Yaran Oilfield

TEHRAN (Shana) – The CEO of Petroleum Engineering and Development Company (PEDEC) said new downhole pumps were being installed in North Yaran Oilfield which would increase the field’s oil output by the end of the current Iranian calendar year to March 20 2020.
2020-01-15 15:28
Wellhead Platform Loaded for Salman Oilfield

TEHRAN (Shana) -- The S1 Platform of Salman Oilfield, built by relying on domestic capabilities, has been loaded from Khorramshahr Yard.
2020-01-14 14:58
No Worries Concerning Low-Sulfur Fuel Supply for OGVs: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country could supply the needs of ocean-going vessels (OGC) to low-sulfur fuel domestically.
2020-01-13 13:03
Countdown Begins for Full Productivity of Azar Joint Field

TEHRAN (Shana) – The operator of Azar Joint Field Development Project said several sections of the central processing unit of the project were about to start early production, bringing the field’s output to the planned level.
2020-01-12 16:02
Oil Prices Rise in Volatile Conditions: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said instability had spurred a price rise in the oil market, and said: "Psychologically speaking, there is somewhat of an upward trend in oil prices currently."
2020-01-08 14:45
NIDC Localizes Strategic Coolant

TEHRAN (Shana) – Researchers at the National Iranian Drilling Company (NIDC) have successfully produced and localized ELC super coolant.
2020-01-05 17:27
NIDC Drills 88 Wells since March

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has successfully completed drilling operations on 88 oil and gas wells over the first 9 months of the current calendar year, which began on March 21.
2019-12-25 15:57
Tests Start in Sardar-e-Jangal

TEHRAN (Shana) -- Ahmad Shirzadi, exploration director at Khazar Exploration and Production Company (KEPCO), has announced the start of two major projects within areas run by this company.
2019-12-23 12:07
Why Namavaran Discovery Is a Breakthrough

TEHRAN (Shana) -- Iran’s President Hassan Rouhani, during a provincial tour of Yazd in October, said the country’s second largest oil reservoir had been discovered. Iran’s Petroleum Minister Bijan Zangeneh said the reservoir, named Namavaran, held 22 billion barrels of oil in place, 2.2 billion barrels of which would be recoverable.
2019-12-21 15:52
Future of Oil, Future of World

TEHRAN (Shana) -- Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503,000 b/d from their total production in a bid to help stabilize the oil market. The OPEC and non-OPEC producers would now remove a total of 1.703 mb/d of oil from their output.
2019-12-21 15:30
Overhaul of gas turbines machine in AOGPC

TEHRAN (Shana) -- Aghajari Oil and Gas Production Company (AOGPC) has successfully overhauled 21 gas turbines in its repair shop.
2019-12-16 15:44
CBI to Finance Siraf Refining Project

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said that the central bank of Iran (CBI) was to bankroll Siraf refining project by investing Rls. 200,000 billion in the plan.
2019-12-16 12:59
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.
2019-12-15 19:08
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.
2019-12-14 16:45
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.
2019-12-14 15:37
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.
2019-12-14 11:27
OPEC 177th Meeting

VIENNA (Shana) -- The 177th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 December 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People's Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. On Friday, 6 December, the 7th OPEC+ meeting was also held.
2019-12-08 18:11
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.
2019-12-01 15:42
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.
2019-11-23 16:46
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.
2019-11-13 18:41
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.
2019-11-13 18:39
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.
2019-11-12 17:11
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.
2019-11-11 13:49
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.
2019-11-11 10:31
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.
2019-11-10 13:02
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.
2019-11-05 18:19
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.
2019-11-03 17:46