-
Petropars Key in Iran Oil Industry
TEHRAN (Shana) -- Petropars has a major share in developing Iran’s joint oil and gas fields. The company’s CEO has been outspoken in explaining the company’s status in developing phase 11 of South Pars gas field, Bilal, Farzad B, Forouzan, and South Azadegan fields and cooperation with Latin American firms. So far, the Iranian major has implemented around $27 billion worth of projects.
-
Min. Stresses Need to Boost Refining Capacity
TEHRAN (Shana) -- Emphasizing the investment in the construction of refineries and petro-refineries in the country, the Iranian Minister of Petroleum said: “The refining capacity in the country should be enhanced.”
-
Development of Sohrab Joint Oilfield to Start Soon
KHUZESTAN (SHANA) – The CEO of the National Iranian Oil Company (NIOC) said important oil projects are underway in Iran including start of the operation of the Sohrab joint field in the near future.
-
NISOC Production Capacity to hit Pre-Sanctions Levels: CEO
KHUZESTAN (SHANA)-- The CEO of the National Iranian South Oil Company (NISOC) said that one of the serious plans of the company has been to restore the oil production capacity to the pre-sanctions era, adding: "We are proud to announce that the oil production capacity has returned to the pre-sanctions level."
-
Iran Unveils Strategic Wellhead Item
TEHRAN (Shana) – An Iranian knowledge-based company has unveiled a Christmas Tree with a working pressure of 15,000 psi (pound per square inch).
-
Iran Builders Break Monopoly of Strategic Oil Equipment
TEHRAN (Shana) – Iranian manufacturers have acquired the savvy to construct items in oil industry whose supply was monopolized by certain few in the past, said the CEO of the National Iranian Oil Company (NIOC).
-
Iran Earmarks $5.5b to Develop Khami Group Fields
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the development of the fields of Khami Group were to be developed with an investment of 5.5 billion dollars for the first time.
-
Min. calls on Domestic Suppliers to Mind Export Markets
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the domestic manufacturers of items shall be focused on exports besides supplying the domestic markets.
-
Iran Eyes 4mbd Crude Oil Production Capacity by Early 2023
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) voiced Iran’s readiness for maximum gas condensate swap, adding the country is preparing to bring its crude oil production capacity to over 4 million barrels per day by the end of the current calendar year, which began on March 21.
-
IOOC Planning to Develop Oilfield Joined with Saudi Arabia
TEHRAN (Shana) -- The CEO of the Iranian Offshore Oil Company (IOOC) said the first stage of development of the Esfandiar joint oilfield, which is shared with Saudi Arabia, has been placed on the company's agenda, and according to the plans, its implementation is expected to be completed within 36 months.
-
OIPC Following Up Pending Contracts In Europe
TEHRAN (Shana) -- The Chairman of the Presiding Board of Oil Industry Pension Fund (OIPC) said: “The Economic Group of Oil Industry Pension Fund is following up pending contracts in European countries.”
-
Capacity of Frequency Bands Radio Systems Up 25 Times in South Zagros Fields
TEHRAN (Shana) -- The capacity of the radio links of the Iranian Central Oil Fields Company (ICOFC) increased by 25 times with the efforts of the company's telecommunication department in South Zagros fields in Fars, Bandar Abbas and Bushehr provinces.
-
Cuban Ambassador thanks MoP for Helping Contain Cuba Oil Fire
TEHRAN (Shana) -- The Cuban ambassador in Tehran announced Iran's help in controlling the fire in the Cuba’s oil tanks and appreciated the cooperation of the Iranian Ministry of Petroleum in the operation.
-
Iran Sends Technical Team to Help in Cuba Oil Tank Fire
TEHRAN (Shana) -- In line with the goals of activating energy diplomacy by the Iranian Ministry of Petroleum, after a massive fire occurred in oil facilities in Cuba by lightning, a group of Iranian experts were sent to help the country.
-
Iran, Mauritius Explore Energy Cooperation Avenues
TEHRAN (Shana) -- The ways of cooperation between Iran and the Republic of Mauritius in the energy sector were discussed during the meeting between Iranian Minister of Petroleum Javad Owji and the Minister of Labour, Industrial Relations, Employment and Training of the latter.
-
Russians capable of Joining Iran Oil Projects: Expert
TEHRAN (Shana) -- An economic expert said the Russians have signed oil and gas contracts with Iran in recent years and have fulfilled their commitments well, adding: “In my opinion, the Russians have the necessary financial and technical capabilities, and on the other hand, we desperately need this capability, so I think there is a possibility that many of these projects will be implemented and we should not be disappointed.”
-
NIOC Announces Iran Crude Oil Prices for September Delivery
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for export to Asian markets in September.
-
Owji: West Should Adopt a Rational Approach to World Energy Security
TEHRAN (Shana) – Sustainable and constant cooperation in OPEC+ coalition could help consumers remarkably in the current conditions, Iranian Petroleum Minister said on Wednesday, expressing hope that major western governments understand the sensitivities properly and adopt a rational approach to achieve world energy security.
-
31st OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 31st OPEC and non-OPEC Ministerial Meeting was held via video conference on Wednesday, August 3, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
-
OPEC+ Agrees to Raise Output by 100,000 bpd for September
TEHRAN (Shana) – The Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+ coalition, agreed on Wednesday to increase crude oil output by 100,000 barrels per day in September.
-
Owji: Iran Will Continue Constructive Interactions with OPEC
TEHRAN (Shana) -- Iran, as a founding member of OPEC, would definitely continue its constructive interaction with the OPEC and would effectively support our new Secretary General as well as the OPEC Secretariat, Iranian Petroleum Minister said on Wednesday.
-
MOP Keen on Developing Joint Fields: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said his ministry and the National Iranian Oil Company (NIOC) has been seriously pursuing developing of joint fields over the course of the past 11 months.
-
16th Meeting of the Iran-Russia Commission to be held in Autumn
TEHRAN (Shana) -- The deputy petroleum minister for international affairs and trade announced that the 16th meeting of the joint commission of Iran and Russia would be held in October or November in Moscow.
-
Iran 4-month Gas Export Income at $4bn
Iranian Minister of Petroleum Javad Owji said the country’s gas export income amounted to $4 billion dollars in the first 4 months of the current calendar year, which began on March 21, which is equals to the figure for all of last year.
-
Iran Gas Output to Jump 150mcm/d with Russian Support
TEHRAN (Shana) – A senior official with the National Iranian Oil Company (NIOC) says Iran’s natural gas production capacity would see a 150-mcm/d rise with the development of Kish and North Pars gas fields which have been covered in a recent memorandum of understanding between NIOC and Russia’s Gazprom.
-
Iran sees 580% Growth in 4-Month Oil Income
TEHRAN (Shana) -- The Iranian Minister of Economic Affairs and Finance announced that Iran’s revenue collection has increased by 580% from the sale of oil and gas condensates in the first 4 months of the current calendar year, which began on March 21.
-
Oil, Most Attractive Area of Investment in Iran: Expert
TEHRAN (Shana) -- An expert in energy economics considered the oil industry to be the most attractive area of investment in Iran, and said: “We hope that the agreement with Russia will reach the stage of signing favorable contracts for the country, but we should look for other interested investors to be present in Iran with active energy diplomacy.”
-
CEO Speaks of Untold details about $40 bn Deal with Russia
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said a contract for the development of 7 oil fields worth 4 billion dollars has been signed with Russian companies and it is progressing despite the sanctions.
-
Hot season Starts for Iran-Russia Relations
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) and Russia's Gazprom signed a memorandum of understanding worth about 40 billion dollars on Tuesday; a deal that has sparked much reaction from supporters and opponents.
-
Syria’s territorial integrity is crucial and a military attack on Syria is harmful to Turkey and the region
TEHRAN (Shana) -- Recep Tayyip Erdogan, the President of Turkey, and his accompanying delegation met with Imam Khamenei on July 19, 2022. President Raisi was also present at the meeting. Speaking at the meeting, the Leader of the Islamic Revolution stressed the necessity to increase cooperation between the two countries, particularly in financial areas. He described the Zionist regime as being the main element in creating discord between Islamic countries.