oil

Air Compressor Restored after 20 Years in Lavan

TEHRAN (Shana) -- Restoration of an air compressor after 20 years has saved the Iranian Offshore Oil Company (IOOC) at least IRR7,000 million.
2019-11-13 18:41
NIOC to Offer 6mb of Crude Oil, Gas Condensate at IRENEX

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) has planned to put for sale 6 million barrels of crude oil and gas condensate on the Iran Energy Exchange (IRENEX) next week.
2019-11-13 18:39
Namavaran: 2nd Largest Oil Reservoir in Iran

TEHRAN (Shana) -- Experts at the National Iranian Oil Company’s exploration department have discovered a new oil reservoir in Khuzestan Province, which holds 22 billion barrels of crude oil in place.
2019-11-12 17:11
Exploration Atlas of Iran Oil, Gas Fields Unveiled

TEHRAN (Shana) – The Atlas of Iran's oil and gas fields which were explored after the 1979 Islamic Revolution was unveiled by the National Iranian Oil Company (NIOC)'s exploration department.
2019-11-11 13:49
Iran Names Newly-Discovered Oilfield Namavaran

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the newly-discovered oilfield in Khuzesan was named Namavaran, adding the field had an oil in place estimate of 53.3 billion barrels.
2019-11-11 10:31
Iran Discovers New Oilfield in Khuzestan: Rouhani

TEHRAN (Shana) -- Iranian President Hassan Rouhani announced the discovery of a new oilfield in the south-western province of Khuzestan.
2019-11-10 13:02
SZOGPC Localizes Technology to Construct Borehole Imager

TEHRAN (Shana) – Iran’s South Zagros Oil and Gas Production Company (SZOGPC) has indigenized construction of borehole imagers which was previously monopolized by a few foreign companies.
2019-11-05 18:19
KOGPC to Carry out Rls.800b Environmental Projects

TEHRAN (Shana) -- Karoon Oil and Gas Production Co. (KOGPC) has planned to spend 800 billion Iranian rials on environmental projects.
2019-11-03 17:46
NIDC Experts Build Batch Mixer

TEHRAN (Shana) – Iranian experts at the National Iranian Drilling Company (NIDC) have successfully designed and built batch mixers which are used in well acidizing operations on offshore platforms.
2019-11-02 15:34
Euro-5 Gasoil Output of PGSR at 20ml/d

TEHRAN (Shana) – The CEO of the Bandar Abbas Gas Condensate Refinery (also called the Persian Gulf Star Refinery-PGSR) said the facility supplied an average of 17 to 20 million liters per day of Euro-5 gasoil.
2019-10-23 16:29
Iran Wealthy in Oil Exploration Capacity

TEHRAN (Shana) -- An Iranian official says that the country is teeming in oil exploration potentialities.
2019-10-22 16:39
Iran Reports Oil Tanker Strike to UN: SPOX

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said that last week’s attack on Iran’s oil tanker in the Red Sea was backed by a government, adding Iran had reported the incident to the United Nations.
2019-10-21 15:17
NIOC Seeking Novel Financing Methods to Fund Petroleum Projects

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) CEO said his company was considering the use of a variety of securities and new methods of financing to attract public capitals to accelerate implementation of oil and gas projects.
2019-10-16 19:06
Iran Response to SABTI Strikers, Harsh

TEHRAN (Shana) -- “Iran will give a harsh response to those involved in Iranian oil tanker,” Secretary of Iran's Supreme National Security Council Rear Admiral Ali Shamkhani said.
2019-10-16 16:52
1st Int'l Downstream Showcase to be held in February

TEHRAN (Shana) – The first International Exhibition of Oil, Gas and Petrochemical Downstream Industries will be held in Tehran on February 2 to 5, 2020.
2019-10-15 16:56
Investigation into Iran Tanker Attack in Red Sea to Continue: Rouhani

TEHRAN (Shana) -- Iranian President Hassan Rouhani said investigations would continue to determine who were behind the Friday missile strike on an Iranian oil tanker in the Red Sea.
2019-10-13 18:43
Iran Self-Sufficient in Oil Exploration: Official

TEHRAN (Shana) -- The deputy NIOC director of development and engineering affairs said Iran was fully self-sufficient in exploration activities.
2019-10-13 17:11
Iran Firms Ready to Step in Exploration Projects

TEHRAN (Shana) -- The Managing Directors of OIEC and TEKNO companies has indicated their companies’ readiness to step in sophisticated exploration projects in Iran.
2019-10-13 16:52
Missile-Stricken Iran Oil Tanker Back Home in 10 Days

TEHRAN (Shana) -- The CEO of the National Iranian Tanker Company (NITC) said that SABITI, an NITC-owned oil tanker which was hit by two missiles on Friday morning, was en route home and would arrive in Iran within 9 or 10 days.
2019-10-12 14:12
One Barrel Oil?

2019-10-12 12:44
Iran Oil Tanker Heading to Persian Gulf: NITC

TEHRAN (Shana) -- National Iranian Tanker Company (NITC) announced that SABITI Oil Tanker which was probably hit by missiles in the Red Sea was sailing towards the Persian Gulf.
2019-10-11 15:05
Spox Reacts to Iran Oil Tanker Blast

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs expressed concern over the environmental pollution caused by oil leakage of a blast-hit Iranian tanker in the Red Sea.
2019-10-11 13:21
NITC Says No Country has Helped Stricken Iran Tanker in Red Sea

TEHRAN (Shana) -- The CEO of the National Iranian Tanker Company (NITC) said no ship nor any authority had responded to distress messages of the blast-hit Iranian tanker in the Red Sea.
2019-10-11 13:13
Blast Rocks Iranian Oil Vessel in Red Sea

TEHRAN (Shana) -- An Iranian oil tanker was hit by two blasts at 5 and 5:20 a.m. local time 60 miles off Jeddah Port, Saudi Arabia on Friday.
2019-10-11 12:42
Iran Euro Petrol Output at 91ml/d

TEHRAN (Shana) – A senior Iranian energy official said that the country’s petrol output that meets Euro qualities stood at 91 million liters per day.
2019-10-09 18:00
Offshore Sections of 27 South Pars Phases Fully Developed in 2020

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the offshore sections of 27 South Pars phases would be fully developed in the first half of 2020.
2019-10-08 11:36
Phase I of Azar Oilfield Complete by March 20

TEHRAN (Shana) – The first phase development project of Azar Oilfield will be complete with 65,000 b/d of crude oil production capacity.
2019-10-05 16:46
Oil, Gas Not Weapons: Zangeneh

MOSCOW (Shana) – Iranian Minister of Petroleum Bijan Zangeneh told a specialized panel at the Russian Energy Week: “We believe that oil and gas are not weapons.”
2019-10-02 16:33
NISOC, PetroIran Ink Pump Production MOU

TEHRAN (Shana) – The National Iranian South Oil Company (NISOC) and PetroIran Co. have signed a contract for application of multi-phase pumps in oil fields.
2019-10-01 18:37
MOGPC H1 Output Beyond Expectations

TEHRAN (Shana) – The CEO of Maroon Oil and Gas Production Company (MOGPC) said the company’s oil production was 105.9 percent of its planned output during the first half of the current calendar year, which began on March 21.
2019-10-01 18:18