• Seamless Pipes Manufactured in Iran

    Seamless Pipes Manufactured in Iran

    TEHRAN (Shana) -- More than six years have passed since the project started for the domestic manufacturing of 10 groups of widely-used petroleum industry commodities. This initiative was adopted upon Minister of Petroleum Bijan Zangeneh’s call for maximum support for Iranian manufacturers.

  • Fire Contained at Phase 11 Drilling Rig

    Fire Contained at Phase 11 Drilling Rig

    TEHRAN (Shana) – A small fire in the drilling rig of phase 11 of South Pars was quickly contained without any casualties.

  • ICOFC Receives Energy Management System Certification

    ICOFC Receives Energy Management System Certification

    TEHRAN (Shana) – The Iranian Central Oil Fields Company (ICOFC), as the largest producer of gas in the country's land fields, has received the standard certification of energy management system (ISO50001: 2018) for observing international standards while boosting its productivity.

  • Tehran, Ashgabat Discuss Enhanced Oil Ties

    Tehran, Ashgabat Discuss Enhanced Oil Ties

    TEHRAN (Shana) -- Strategies for expanding oil cooperation between Iran and Turkmenistan were discussed at a meeting between the CEO of the Caspian Oil Company and the Ambassador of Turkmenistan to Iran.

  • Iran, Iraq Discuss Gas Debt Arrears in Tehran Meeting

    Iran, Iraq Discuss Gas Debt Arrears in Tehran Meeting

    TEHRAN (Shana) -- Senior government ministers from Iran and Iraq held a meeting in Tehran to discuss arrears on a multi-billion dollar debt Iraq owes to Iran for imports of natural gas in recent years.

  • Iran says more in Control of Oil Sales

    Iran says more in Control of Oil Sales

    TEHRAN (Shana) – First Vice President Eshaq Jahanigiri said Iran has tried to neutralize the impact of the sanctions and has gained a lot of control over its oil sales.

  • Iran Terephthalate Portfolio to become more Diversified

    Iran Terephthalate Portfolio to become more Diversified

    TEHRAN (Shana) -- Head of the Research and Development Unit of Shahid Tondgouyan Petrochemical Company announced production of several new grades of polyethylene terephthalate chain products in the plant.

  • OPEC and non-OPEC Ministerial Meeting highlights importance of ongoing rebalancing efforts

    OPEC and non-OPEC Ministerial Meeting highlights importance of ongoing rebalancing efforts

    VIENNA (Shana) -- The 16th OPEC and non-OPEC Ministerial Meeting of the Declaration of Cooperation (DoC) took place via teleconference on Tuesday, 27 April 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.

  • NISOC Prepared to Enhance Iran Oil Output: CEO

    NISOC Prepared to Enhance Iran Oil Output: CEO

    TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to increase its oil output to a figure beyond the pre-sanctions levels in 2018.

  • APG Collection Project Starts in Cheshmeh Khosh

    APG Collection Project Starts in Cheshmeh Khosh

    TEHRAN (Shana) -- The director of production at the Iranian Central Oil Fields Company announced the start of executive operation of the project to collect associated petroleum gases (APG) at the Cheshmeh Khosh oil field in the Ilam province, western Iran.

  • E1P6 Well of Esfand Fields Productive

    E1P6 Well of Esfand Fields Productive

    TEHRAN (Shana) -- The SIE-E1P6 well of Esfand offshore oilfield was put into operation with an approximate 2,000 b/d of crude oil production capacity.

  • Oil Facilities Operating Normally despite Quake

    Oil Facilities Operating Normally despite Quake

    TEHRAN (Shana) -- The oil and gas facilities of the National Iranian Oil Company are operating normally and their condition is stable despite a 5.9-magnitude earthquake that hit southern Iran on Sunday, April 18, 2021.

  • Non-State Oil Industry Research, Technology Fund signs Deals

    Non-State Oil Industry Research, Technology Fund signs Deals

    TEHRAN (Shana) -- The Non-State Oil Industry Research and Technology Fund has signed two contracts for guaranteed purchases and two contracts for venture capital.

  • Maroun Oil/Gas Co. Lifts Output

    Maroun Oil/Gas Co. Lifts Output

    TEHRAN (Shana) -- Enhancing oil production against the backdrop of oil fields’ complexities has always been a major issue of concern for operating companies, sometimes proving costly. The three oil fields - Maroun, Kupal and Shadegan- in southern Iran are among oil fields where oil and condensate production is complicated. Maroun Oil and Gas Production Company (MOGPC) is tasked with oil and condensate production from the three fields.

  • Production Costs Trend as Oil Age Ends

    Production Costs Trend as Oil Age Ends

    TEHRAN (Shana) -- Crude oil extraction and production cost is an effective factor in oil pricing. Such costs vary from one spot to another, depending on the size and availability of oil reserves. Although most oil companies are unwilling to release precise data about oil production costs.However, estimates about costs of extracting oil from active fields in various countries are available. Comparing these costs would be key to analyzing the future of world oil markets. This data would show which countries can keep producing oil, even though in periods when prices keep falling. This issue takes up added significance in light of significant reduction in oil prices over recent years.

  • Iran OPEC Boss Meets Sec. Gen. Barkindo

    Iran OPEC Boss Meets Sec. Gen. Barkindo

    VIENNA (Shana) – Iran’s OPEC Governor Amir Hossein Zamaninia met with HE Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), in Vienna on Thursday to discuss ideas concerning Iran’s return to the global oil market.

  • 15th OPEC+ Ministerial Meeting Concludes

    15th OPEC+ Ministerial Meeting Concludes

    TEHRAN (Shana) -- The 15th OPEC and non-OPEC Ministerial Meeting Ministers was held via video conference on Thursday April 1, 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.

  • Zangeneh: Oil Demand Has not Reached 2019 Levels

    Zangeneh: Oil Demand Has not Reached 2019 Levels

    TEHRAN (Shana) -- Oil demand is expected to grow by 5.6 million bpd as business activities would recover, however, it has yet to reach 2019 levels, said Iran’s Minister of Petroleum, Bijan Zangeneh, on the sidelines of the 15th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference.

  • OPEC+ Agrees Gradual Easing of Crude Oil Cuts

    OPEC+ Agrees Gradual Easing of Crude Oil Cuts

    TEHRAN (SHANA) -- OPEC and its allies reached a consensus on Thursday on easing crude oil output cuts by 350,000 bpd for May and June, and by 450,000 bpd as of July.

  • 15th OPEC+ Meeting Kicks Off Online

    15th OPEC+ Meeting Kicks Off Online

    TEHRAN (Shana) -- The 15th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping called OPEC+, began a few minutes ago via video conference.

  • DoC Joint Technical Committee Convenes 50th Meeting

    DoC Joint Technical Committee Convenes 50th Meeting

    VIENNA (Shana) -- The Joint Technical Committee (JTC) held its 50th meeting via videoconference to examine oil market developments and related trends.

  • Goreh-Jask Oil Pipeline Project 80% Complete: CEO

    Goreh-Jask Oil Pipeline Project 80% Complete: CEO

    TEHRAN (Shana) – The CEO of the Petroleum Engineering and Development Company (PEDEC) said the Goreh-Jask national crude oil transfer project has for far progressed 80%.

  • Iran Oil Documents Declassified

    Iran Oil Documents Declassified

    TEHRAN (Shana) -- Documents and artefacts are the main items in the Petroleum Industry Directorate of Museums and Documents. They are instrumental in preserving the history of Iran’s petroleum industry. The Directorate started work effectively in 2014 and has since gathered documents, audiovisual and written references as well as artefacts and old items and tools. In this newly-established center, regulations and protocols including identification, gathering, restoration, preservation and documentation for prospective use by researchers, students and professors have been highly respected.

  • Drilling Industry Turns 41 in Iran

    Drilling Industry Turns 41 in Iran

    TEHRAN (Shana) -- December 21 marks National Drilling Day in Iran. National Iranian Drilling Company (NIDC) was established on December 21, 1979. The company started its work with 6 drilling rigs.

  • China Silent on Yadavaran Phase 2 Development

    China Silent on Yadavaran Phase 2 Development

    TEHRAN (Shana) -- The manager of Yadavaran oil field development has said that the Chinese have not presented any suggestions for the second phase development of the Yadavaran field. He said that the production capacity of this field had increased in the past one year, but the Chinese had not offered any plans for the project. He said Iran would not wait for the Chinese to develop the second phase of this field.

  • Iran Prepared to Return to World Oil Markets: CEO

    Iran Prepared to Return to World Oil Markets: CEO

    TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said Iran is prepared the return to the global oil markets given enhancement of oil production in the company.

  • 3-Phase Oil Separator Tank Localized

    3-Phase Oil Separator Tank Localized

    TEHRAN (Shana) -- The three-phase oil separator tank has been localized by the Iranian Central Oil Fields Company.

  • Wells Secured in Nowruz Offshore Field

    Wells Secured in Nowruz Offshore Field

    TEHRAN (Shana) -- The final safety operation of the erupted wells No. 5, 6, 7 and 8 in Nowruz offshore field was successfully performed by the diving teams of Khark Underwater Repairs.

  • Installation of 1st SPM of Jask Oil Terminal Begins

    Installation of 1st SPM of Jask Oil Terminal Begins

    TEHRAN (Shana) -- The head of the Jask oil terminal project said the early operation section of the project is 90% complete, announcing start of the installation of the first single point mooring (SPM) in the Oman Sea.

  • Sepehr Energy Holding Receives 3 Int'l Standards

    Managing Director of Energy Holding - Sepehr:

    Sepehr Energy Holding Receives 3 Int'l Standards

    TEHRAN (Shana) -- The CEO of Sepehr Energy Holding said the holding has implemented the integrated management system, consisting of ISO 9001: 2015, ISO 14001: 2015 and ISO 45001: 2018 standards, in line with its development plans.