Iran
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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.
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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.
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Hormuzgan to Turn into Refining Hub of Iran
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said numerous projects have been defined in the southern province of Hormuzgan to turn it into a refining hub within years.
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Iran Eyes $400m/y Profit in Kish Gas Project
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said an annual $400 million of hard currency earning will be one of the benefits of developing a gas transmission project to Kish Island.
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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.
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IOEC Completes 1st stage of South Pars Phase 16 Pipe Laying
TEHRAN (Shana) -- Specialists of the Iranian Offshore Engineering and Construction Company (IOEC) successfully completed the shore pull operation of the new 32-inch pipeline of phase 16 of South Pars gas field.
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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.
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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.”
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16th Iranplast Showcase Aiming at Export Markets Development
TEHRAN (Shana) -- The first meeting of the Policy Council of the 16th Iranplast International Exhibition was held with an emphasis on the development of the export markets of polymer industries.
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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.
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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.
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Iran Gas Production Unaffected by Sanctions: Official
BUSHEHR (Shana) -- Iran's gas production is not affected by the sanctions and National Iranian Gas Company (NIGC) is committed to curb gas flaring pollution, said the director of production coordination and supervision of NIGC.
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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.
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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 , Soodesh Satkam Callichurn, the Minister of Labour, Industrial Relations, Employment and Training, of the latter.
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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.
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16th Iran Plast pre-registration Extended
TEHRAN (Shana) -- New participants of the 16th Iran Plast International Exhibition can pre-register for this large and specialized event in the petrochemical industry from August 15 to 17.
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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.”
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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.
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Offshore Pipe Laying Operation at 1st Phase 11 Platform Complete
TEHRAN (Shana) -- The offshore pipe laying operation of the gas transmission line of the first platform of Phase 11 of South Pars gas field has been completed in the Persian Gulf.
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MP Says Petro-refineries Could Safeguard Iran Against Sanctions
TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Assembly considered the construction of petro-refineries as one of the defense tools to fight the sanctions, and said: “Directing liquidity towards production is achieved by investing in national economic projects.”
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IRENEX, NIOC Cooperation could Boost Oil Exports: CEO
TEHRAN (Shana) – The CEO of Iran Energy Exchange (IRENEX) said with the development of cooperation between Iran Energy Exchange and the National Iranian Oil Company (NIOC), an increase in transparency in oil products transactions and an increase in the export of these products will be achieved.
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Petrorefinery, Refinery Financing MoU Signed with Banks
TEHRAN (Shana) – A memorandum of understanding (MoU) has been signed for financing and participation in construction of the 300kb/d Shahid Qassem Soleimani Petrorefinery and 300kb/d Morvarid Makran Refinery with domestic banks and financing institutions.
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Iran Bracing to become Regional hub for Russian Gas
TEHRAN (Shana) – A senior energy expert says following the Ukraine war, Iran has the chance to use Russia’s excess gas export capacity to become a regional hub for the item.
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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.
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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.
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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.
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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.
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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.
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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.”
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PGPIC Ready to Bolster Ties with German Firms
TEHRAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) voiced the holding’s readiness to cooperate with German companies that excel in chemistry and petrochemical industry and take great steps for the interests of both countries.