Shana

Oil minister: Iran to start importing Turkmen gas in June

SHANA (Tehran) – Iran’s oil minister on Tuesday said a gas contract will be signed with Turkmenistan soon and imports will begin in June.

Al Ghais says OPEC will welcome back Iran’s full return to market when sanctions lifted

OPEC Secretary General, His Excellency Haitham Al Ghais, said that the OPEC family welcomes back the full return of Iran’s oil production to the oil market, once the sanctions against its oil sector are lifted, HE Al Ghais was talking in an exclusive interview with the Iranian SHANA news agency and Iran Petroleum monthly.

IIES head: Iran-Saudi rapprochement contribution to economic, energy sectors a must

SHANA (Tehran) – The head of Iran’s Institute for International Energy Studies (IIES) put great emphasis on contribution of recent political and security agreement between Tehran and Riyadh to economic and energy sectors.

Iran’s former official at OPEC:

Tehran, Riyadh expected to seize opportunity to boost ties in oil, gas sectors

SHANA (Tehran) – Former OPEC affairs head of the the Iranian Ministry of Petroleum here on Saturday said Tehran and Riyadh are expected to seize the opportunity created after their rapprochement and develop their relations, particularly in oil and gas sectors.

Senior expert in energy economics:

Iran-Saudi agreement most important geopolitical event in Middle East

SHANA (Tehran) – A senior expert in energy economics described the March 12 agreement between Iran and Saudi Arabia [on the restoration of diplomatic relations] as the most important event in the Middle East in recent years and the most effective development for OPEC and global oil market in 2023.

Minister: Abadan petro-refinery with 210,000 bpd production capacity to come on stream within days

SHANA (Tehran) – A petro-refinery in Abadan, southwestern Iran, having a production capacity of 210,000 barrels per day (bpd) will become operational within days, said Oil Minister Javad Owji here on Wednesday.

Second-stage contracts signed to revive Iran low-yield wells by using homegrown tech

SHANA (Tehran) – The second stage of reviving Iran’s low-yield wells got the go-ahead, as the Petroleum Industry Innotech Park head representing the National Iranian Oil Company and the representative of four knowledge-based companies inked the contracts here on Tuesday. 

CBI: Oil and gas sector posts highest industrial growth in autumn

SHANA (Tehran) – The latest report of the Central Bank of Iran (CBI) showed that the country’s oil and sector witnessed the highest economic growth in autumn and the first nine months of the current Iranian calendar year 1401, which started on March 21, 2022.

Oil, condensate CDs worth $6m traded in IRENEX on first day

SHANA (Tehran) – The managing director of Iran Energy Exchange (IRENEX) here on Monday announced that the first-day transactions of certificates of deposit (CDs) of crude oil and gas condensates were valued at some six million dollars.

Minister: Oil, condensate prices offered in IRENEX same for domestic, foreign purchasers

TEHRAN (Shana) – Oil Minister Javad Owji here on Sunday announced that the prices of crude oil and gas condensates sold to foreign clients in Iran Energy Exchange (IRENEX) within a certain time are also offered to domestic purchasers.

West African delegation visits Pars Special Economic Energy Zone

TEHRAN (Shana) – A high-ranking trade delegation from West Africa paid a visit to Pars Special Economic Energy Zone (PSEEZ).

Iran starts offering oil, gas condensate certificates of deposit

TEHRAN (Shana) – Transactions of crude oil and gas condensate certificates of deposit in Iran Energy Exchange (IRENEX) started here on Sunday.

On the sidelines of Iran Oil Show:

Iran-Russia commission to hold B2B meetings in May

TEHRAN (Shana) – Iran-Russia Joint Economic Commission will hold business-to-business (B2B) meetings here in May.

Owji talks of good deals with China, record sour gas output, SP Phase 11 launch

TEHRAN (Shana) – Iran’s oil minister on Saturday talked of good agreements with giant Chinese companies, record annual production of sour gas, and launch of Phase 11 of South Pars (SP) gas field.

Iran’s exploration chief: Seismographic surveys ‘unprecedented’ in 20 years

TEHRAN (Shana) – The exploration director of the National Iranian Oil Company (NIOC) said seismographic operations reached an “unprecedented” level in over a one-year period when compared with those in the past 20 years.

West African delegation visits Oil and Gas Industry Innovation and Technology Park

TEHRAN (Shana) – A high-ranking trade delegation from West Africa paid a visit to Iran’s Oil and Gas Industry Innovation and Technology Park.

NIOC official: Iran to stun world with exploration know-how 

TEHRAN (Shana) – Iran will soon astonish the world by displaying its exploration expertise, vowed a National Iranian Oil Company (NIOC) official here on Tuesday.

Inauguration of Most Iranian South Pars Phase, Soon

TEHRAN (Shana) -- A spokesman for the administration said that during the president’s visit to Bushehr, Phase 14 of South Pars Joint Gas Field, touted as the most-Iranian-made phase of the massive field, would be officially inaugurated.

Jask Oil Terminal Guarantees Continued Oil Exports: Official

TEHRAN (Shana) -- The head of the Iran Oil Terminals Company (IOTC) said: “Jask Oil Terminal, as a national and strategic project under the management of the administration and the leadership of the National Iranian Oil Company (NIOC) in the Sea of Oman, guarantees the continuation of crude oil exports, decentralization in the field of oil exports, and increased bargaining power and job creation.”

Tehran, Beijing Cooperation Favorable for Future of Iran

TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Parliament said: “Today, the economic cooperation between Iran and China is more coherent than ever, and the recent visit of the president to this country can bring good results for Iran.”

Petchems, Refineries Offering hard Currency Earnings on ICE

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said all foreign currency obtained from the export of petrochemical and refining companies will be offered in the Iran Center of Exchange (ICE).

Iran Can be Supplier of China's Energy Demand: Expert

TEHRAN (Shana) -- An expert on energy issues said since the driving engine of China's economy is the energy sector and Iran also has stable sources of energy, the latter could easily meet China's needs.

Iran, China Economy could complement each other: Ex-Official

TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC) emphasized that the economy of Iran and China can complement each other and meet many of each other's needs.

Iran, Turkmenistan Discuss Energy Deals

TEHRAN (Shana) -- The Iranian delegation attended separate meetings with the managers of Turkmengas, Turkmenneft and Turkmenchemistry companies on the second day of Iran's exclusive exhibition in Turkmenistan.

NIOC, Sinopec in talks for Phase-2 of Yadavaran Oilfield

TEHRAN (Shana) -- The director of investment and business of the National Iranian Oil Company (NIOC), emphasizing that the 13th administration, unlike the previous administration, has a strategic view of old partners such as China and Russia, stated: “Since the beginning of the 13th admonition, regular negotiations have been held with China's Sinopec Company regarding the second phase development of Yadavaran field.

Iran, China ink 20 Cooperation docs

TEHRAN (Shana) -- 20 cooperation documents were signed between high-ranking officials of the Islamic Republic of Iran and China in the presence of the presidents of the two countries.