Shana

OPEC+ 14th Ministerial Meeting Concludes

TEHRAN (Shana) -- The 14th Meeting of OPEC and non-OPEC Ministers took place via video conference on Thursday March 4, 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.

Zamaninia: OPEC+ Final Decision Was Ideal for April

TEHRAN (Shana) -- The final decision made for April was ideal, Iran’s Governor for OPEC, Amir Hossein Zamaninia, said after 14th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference.

Zangeneh: Oil Market is Stable Currently

TEHRAN (Shana) -- Iran’s Minister of Petroleum, Bijan Zangeneh, said after the 14th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference that there is stability in oil market at present.

OPEC+ Agrees to Keep 18 Members’ Oil Output Unchanged for April

TEHRAN (Shana) -- OPEC and its allies reached a compromise on Thursday on extending the current crude oil output cuts of 18 members for April, allowing Russia and Kazakhstan to raise their production by 150,000 bpd.

14th OPEC+ Meeting Begins

TEHRAN (Shana) -- The 14th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) began a few minutes ago.

DoC JTC Discusses Oil Market Developments

VIENNA (Shana) -- The Joint Technical Committee (JTC) held its 49th meeting via videoconference in preparation for the 27th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 14th OPEC and non-OPEC Ministerial Meeting (ONOMM) scheduled for Wednesday, 3 March 2021, and Thursday, 4 March 2021, respectively.

Petchem Industry, Helpful under Sanctions: Rouhani

TEHRAN (Shana) – Iranian President Hassan Rouhani said: "During these years of economic warfare and sanctions, one of the places that came to our aid was the petrochemical industry."

Minister Rejoices over Iran Activities in Joint Oil Fields

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s current status in joint oil and gas fields is favorable, saying the country is currently producing 400,000 barrels per day of crude oil in the West Karoun Oilfields Cluster.

Total Oil Output of Azar Joint Field at 36mb

TEHRAN (Shana) – Iran has so far produced over 36 million barrels of crude oil from Azar join oilfield, the executor of Azar Field’s development project announced.

Rouhani Launches Azar Oil Field Development Plan

TEHRAN (Shana) – Iranian President Hassan Rouhani signed off on commissioning Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil.

Rouhani to Launch Azar Oil Field Development Plan

TEHRAN (Shana) -- The Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil will be put into operation on Monday, February 29, 2021, in the presence of Iranian President Hassan Rouhani via video conference.

OPEC’s 8th International Seminar Postponed to 29-30 June 2022

TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria.

Key Drilling Item Localized

TEHRAN (Shana) -- A basic functional part in the drilling rig lifting equipment set was localized and operationalized in a joint venture between the specialists of the National Iranian Drilling Company and the Islamic Azad University of Ahvaz.

Iran to Start Oil Production in Khesht Field Next Year

TEHRAN (Shana) – The CEO of the Iranian Central Oil Fields Company said plans were under way to start crude oil production at Khesht Oilfield in the first half of the next Iranian calendar year which starts on March 21, 2021.

1st 3.2 MW Pump of Goreh-Jask Project Delivered

TEHRAN (Shana) -- The first 3.2-MW pump made in Iran, after successfully passing performance tests, was delivered to the Goreh-Jask crude oil transfer project and reached the installation site in Pumping House No. 2, located 50 km off Bushehr.

1st SPM Loaded for Jask Oil Terminal

TEHRAN (Shana) -- The head of Jask Oil Terminal Project said the single point mooring, submarine multi-lane and the accessories of the early commissioning section of Jask Oil Terminal Project were loaded in Khorramshahr Industrial Yard.

NIDC Drills 117 Oil, Gas Wells in One Year

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has completed 117 oil and gas wells by drilling ​​85,616 meters during the past year.

No talks on JCPOA, Zarif

TEHRAN (Shana) -- Iranian Foreign Minister Mohamad Javad Zarif has ruled out any new talks with the United States on the 2015 nuclear deal, underlining the need for the U.S. to make up its mind about Iran.

FM Spokesman:

Developments positive on Iran Tanker in Indonesia

TEHRAN (Shana) -- A spokesman for the Ministry of Foreign Affairs said that the developments regarding the seized Iranian oil tanker in Indonesia have been positive.

80% non-Rotating Equipment Domestically Made in Oil Industry: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said more than 80% of the non-rotating equipment of the oil industry is made domestically.

1st Meeting of High-Level Working Group to Review OPEC Long-Term Strategy Convened

TEHRAN (Shana) -- The first meeting of the high-level working group to review the long-term strategy of the Organization of the Petroleum Exporting Countries (OPEC) was held in the presence of representatives of OPEC member countries. The meeting was chaired by Amir Hossein Zamaninia, Iran's OPEC Governor.

LPG Tanks of South Pars Phases 22 to 24 Online

TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company announced the commissioning of two liquefied petroleum gas tanks at the refinery of South Pars phases 22 to 24 with a capacity of 80,000 cubic meters.

Iran Oil Exports would be Zero without Zangeneh: CEO

TEHRAN (Shana) – The CEO of the National Iranian Tanker Company said Iran’s oil exports would have been zero had it not been because of the prudence of Iranian Minister of Petroleum Bijan Zangeneh.  

Brent Crude to hit $50/b in 2021

TEHRAN (Shana) – The director general of OPEC Affairs and Relations with International Energy Assemblies of the Ministry of Petroleum, said the average price of Brent crude oil in 2021 is expected to fluctuate between $48 and $50 per barrel, according to the latest International Monetary Fund report.

Flarestack of Tombak Export Port On

TEHRAN (Shana) -- The project manager of Tombak service and export port said with the lighting of the flarestack of the port, the first safety stage of the commissioning process of the project was completed.

Laying 1st Marine Pipeline of Jask Terminal Complete

TEHRAN (Shana) -- The head of Jask Oil Terminal Project said that construction of the first 36-inch marine pipeline to transport crude oil to the Jask export terminal was completed.

Impact of Current World Conditions on Future of Iran Oil Assessed at IPEC

TEHRAN (Shana) -- "The Impact of Global Conditions on the Future of Iran's Oil and Energy" was examined on the first day of the 6th Iran Petroleum and Energy Congress (IPEC).

OPEC Sec. Gen. Addresses Oil, Energy Congress

TEHRAN (Shana) -- Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) addressed the 6th Iranian Petroleum and Energy Club Congress and Exhibition on Wednesday.