Production

  • NIOC head: Iran oil output up 600,000 bpd under incumbent administration

    NIOC head: Iran oil output up 600,000 bpd under incumbent administration

    SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Monday said the country’s crude oil production has been increased by 600,000 barrels per day (bpd) under the 13th (incumbent) administration.

  • NISOC eyes output capacity hike

    NISOC eyes output capacity hike

    National Iranian South Oil Company (NISOC) is planning to enhance production within the framework of short-term annual plans. Given NISOC’s 80% share in Iran’s oil production, planning by the company’s Technical Directorate is of paramount significance. The following is the text of the interview of Ramin Rowghanian, NISOC’s technical director, with “Iran Petroleum” on oil output hike plans.

  • NIOC head: $160bn investment needed to raise Iran oil, gas production by 50%

    NIOC head: $160bn investment needed to raise Iran oil, gas production by 50%

    SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director here on Sunday said a 160-billion-dollar investment is required to increase the country’s oil and production capacities by 50 percent.

  • Maroun oil/gas output to rise 5%

    Maroun oil/gas output to rise 5%

    Maroun Oil and Gas Production Company (MOGPC) is expected to see its oil and gas production grow 5% as new modifications are under way in its pipelines. Qobad Nasseri, CEO of MOGPC, told “Iran Petroleum” that plans were also under way to end the flaring of 40 mcf/d of associated petroleum gas.

  • South Pars Gas Output at 705mcm/d

    South Pars Gas Output at 705mcm/d

    TEHRAN (Shana) -- Gas recovery from the giant South Pars offshore gas field, which Iran shares with Qatar, has reached 705 mcm/d. Minister of Petroleum Javad Owji has said natural gas consumption by domestic and business sectors has increased 60 mcm/d year-on-year. A review of Iran’s gas consumption through the 1986-2016 period indicates a 10% growth in gas consumption, which requires renewed production to head off any shortages in cold months. That is why efforts are under way to reverse the upward trend in gas consumption.

  • Arvand Petchem Plant Breaks Production, Profitability Records

    Arvand Petchem Plant Breaks Production, Profitability Records

    TEHRAN (Shana) -- Arvand Petrochemical Company, with the production of 2.58 million tons of products in the first 11 months of the current Iranian calendar year which began on March 21, set a new production record and registered a unique performance with 7.5 trillion tomans of net profit.

  • Petchem Firms Mull Hydrogen Production

    Petchem Firms Mull Hydrogen Production

    TEHRAN (Shana) -- Petrochemical companies invest to produce hydrogen in Iran in line with the global trend of producing this fuel.

  • Iran Eyes 50% Gas Output Growth by 2029

    Iran Eyes 50% Gas Output Growth by 2029

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) announced the implementation of plans to increase gas production of the country by 50% by 2029.

  • Gachsaran Oil Output up 180,000b/d

    Gachsaran Oil Output up 180,000b/d

    TEHRAN (Shana) -- The CEO of Gachsaran Oil and Gas Production Company announced the daily increase of 180,000 barrels of oil with the use of skid-mounted crude oil processing unit in this company.

  • Southern Azadegan Oil Output up 45,000 b/d

    Southern Azadegan Oil Output up 45,000 b/d

    TEHRAN (Shana) -- The CEO of Petroleum Engineering and Development Company (PEDEC), while explaining the actions taken by this company in the South Azadegan field, announced the increase in daily production of crude oil by 45,000 barrels/day over the past year.

  • AOGC signs 6 Cooperation MoUs, 3 Contracts

    AOGC signs 6 Cooperation MoUs, 3 Contracts

    TEHRAN (Shana) -- Arvandan Oil and Gas Company (AOGC) signed 6 cooperation memoranda of understanding (MOU) and 3 contracts on the 3rd day of the 13th Ahvaz Oil Industry Equipment Manufacturing Exhibition.

  • Most Iran-made South Pars Refinery to Startup Soon

    Most Iran-made South Pars Refinery to Startup Soon

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC), emphasizing that the most Iranian-made South Pars refinery is about to be launched in phase-14 of the massive offshore gas field.

  • Iran Potential Oil Output at 7.4mbd: Economist

    Iran Potential Oil Output at 7.4mbd: Economist

    TEHRAN (Shana) -- The head of the economic group of the Supreme Leader's Office stated that Iran has the ability to reach the crude oil daily production capacity of 7.4 million barrels, saying: “We are an oil country, we cannot lag behind the countries that are planning to increase their production capacity.”

  • Mothballed Oil Wells Rehabilitation

    Mothballed Oil Wells Rehabilitation

    TEHRAN (Shana) -- National Iranien Oil Company (NIOC) has long focused on developing technologies to enhance recovery from oil wells. Although sanctions have posed an obstacle in its way, it aims to cut short the way to its objective by embarking on a quick-yielding project for the rehabilitation of low-output and abandoned wells. In this manner, by spending much less than drilling new wells, NIOC would be able to enhance its crude oil output. Without enhancing oil output, no future may be envisaged for enhanced oil recovery (EOR) projects. Therefore, the important thing would be to enhance production in any possible manner. Internationally speaking, more oil production would empower Iran to become more influential in the oil market while remaining resilient to challenges and restrictions because in the economic and political structure of the world energy, oil barrels have the final say.

  • Iran Hydrocarbon Reserves Estimated at 16 BBL

    Iran Hydrocarbon Reserves Estimated at 16 BBL

    TEHRAN (Shana) -- The director of exploration at National Iranian Oil Company (NIOC), Mehdi Fakour, has said that Iran was estimated to sit atop 16 billion barrels of hydrocarbon reserves.

  • Investment in Crude Oil Storage Capacity

    Investment in Crude Oil Storage Capacity

    TEHRAN (Shana) -- A meeting was held to introduce opportunities for investment in crude oil storage tanks construction and operation, required by National Iranian Oil Company (NIOC), within the framework of public-private partnership (PPP). This is the first time the private sector is given the chance for investment in the crude oil storage sector. NIOC intends to enhance its crude oil storage capacity by 7.7 million barrels.

  • SP14 Refinery Close to Operation

    SP14 Refinery Close to Operation

    TEHRAN (Shana) -- The refinery of Phase 14 of the giant offshore South Pars gas field is almost coming online. With the completion of this megaproject, which has been operated only by Iranians, all South Pars refineries would have become operational. The offshore section of this project came on-stream in 2019 with a current output of 56 mcm/d of rich gas. Over the past one year, three trains of gas sweetening have become operational at this refinery, which sets a record. The onshore section of this project has been invested $5.2 billion in.

  • Iran Annual Gas Consumption beyond 228 bcm

    Iran Annual Gas Consumption beyond 228 bcm

    TEHRAN (Shana) -- The director of coordination of gas supply of National Iranian Gas Company (NIGC) said Iran’s annual gas consumption is over 228 billion cubic meters of which 70% is consumed in the industrial sector.

  • NIOC Eyes 0.9mbd Output Growth in 8 Years

    NIOC Eyes 0.9mbd Output Growth in 8 Years

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said plans are under way to bring Iran’s crude oil production capacity to 5.7 million barrels per day in a matter of 8 years.

  • Iran Boosts Gas Output by 6.5 mcm/d

    Iran Boosts Gas Output by 6.5 mcm/d

    TEHRAN (Shana) -- The CEO of Gachsaran Oil and Gas Production Company stated in recent days, with the initiatives that were taken, “we managed to add 6.5 million cubic meters per day to the country's gas output.”

  • New Record Set in Iran Gas Production

    New Record Set in Iran Gas Production

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: “In these days, the highest amount of gas recovery from independent and joint gas fields was set, which is a new record in the 13th government.”

  • Exploration Talks with 3 Countries

    Exploration Talks with 3 Countries

    TEHRAN (Shana) -- The head of exploration at National Iranian Oil Company (NIOC) has said talks have been held with three countries for implementation of oil and gas exploration projects. 

  • COP27; Climate and Energy

    COP27; Climate and Energy

    TEHRAN (Shana) -- Once in a year, delegates from almost 200 countries gather togetherseeking ways and means to keep climate change from spiraling out of control. This time, they met in Sharm El-Sheikh, Egypt, for the 27th Conference of the Parties (COP) that was originally shaped up back in 1994 when members of the United Nations agreed to convene and officially address climate change with an unprecedented determination. COP gained momentum and moved into center stage during Paris Conference of the Parties when decision was made to move from words and declarations to accountability, costs and damages. This institutionalized COP and countries began to address the topic at national, regional and international levels.

  • Flare of Bilal Gas Field Lit

    Flare of Bilal Gas Field Lit

    TEHRAN (Shana) -- The CEO of Pars Oil and Gas Company (PGOC) announced that the flare of the Bilal gas field was lit as gas has reached the appraisal well of the offshore field.

  • 1,386 items Localized by SPGC

    1,386 items Localized by SPGC

    TEHRAN (Shana) -- The CEO of South Pars Gas Complex (SPGC) announced that with the innovative and creative actions of specialists and employees of the central workshop of the complex, more than 1,386 parts and equipment have been localized.

  • Owji Leaves Tehran for Mashhad to Oversee Gas Supply in Northeastern Cities

    Owji Leaves Tehran for Mashhad to Oversee Gas Supply in Northeastern Cities

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji flew to Mashhad on Sunday to conduct a field survey of the country's northeast gas distribution network and examine methods to prevent pressure drops in the area.

  • Production Maximum at Independent Gas Fields in Iran: Minister

    Production Maximum at Independent Gas Fields in Iran: Minister

    TEHRAN (Shana) -- The Iranian Minister of Petroleum warned over-consumers of gas in the domestic sector: “Wherever gas consumption is out of the pattern, we will first give a warning and then cut off the gas flow.”

  • Gas Output of Nar Field up 300k cm/d

    Gas Output of Nar Field up 300k cm/d

    TEHRAN (Shana) – The head of petroleum engineering of the South Zagros Oil and Gas Production Company underlined the restoration operations on a well in the Nar gas field, announcing an increase of 300,000 cubic meters per day in the field's production capacity.

  • Iran 9-Month Petchem Output Up 7% Y/Y

    Iran 9-Month Petchem Output Up 7% Y/Y

    TEHRAN (Shana) – Iran’s petrochemical output reached 53 million tons in the first months of the current Iranian calendar year, up 7% compared to the same period last year.

  • 87% rise in Bu Alisina Petchem Revenue

    87% rise in Bu Alisina Petchem Revenue

    TEHRAN (Shana) -- Bu Alisina Petrochemical Company’s revenue in the first three quarters of the current Iranian calendar year which started on March 21 reached Rls. 360,000 billion, up 87% year-on-year.