oil
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Project to Enhance Sa’adat Abad Oilfield Commences
TEHRAN (Shana) – A project to maintain and enhance oil production at Sa’adat Abad oil field has begun with the aim of increasing the field’s crude oil output by 3,000 b/d.
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US to Fail in Stopping Iran Oil Exports: Veep
TEHRAN (Shana) -- First Vice President Eshaq Jahangiri said: “Despite the fact that the country’s revenues and budget have been influenced by US sanctions, Washington’s efforts to bring Iran’s oil exports to zero will not be a success.”
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AOGPC Builds Key Turbine Item Domestically
TEHRAN (Shana) -- The CEO of Aghajari Oil and Gas Production Company (AOGPC) said his company had developed parts of a Solar Turbines turbine which had saved the country IRR 100 billion.
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US Oil Output Hike, Challenge to Mideast
TEHRAN (Shana) -- US President Donald Trump’s energy policy has had significant impacts on global markets. Under his administration, the United States has managed to increase its oil production to levels exceeding leading producers Russia and Saudi Arabia.
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Iran to Continue Oil Exports Under Any Conditions: FM
TEHRAN (Shana) – Iranian Minister of Foreign Affairs Javad Zarif said the country would continue its oil exports under any conditions.
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NIOC to Ink 10 Domestic Deals on Production Maintenance, Enhancement
TEHRAN (Shana) – An official with the National Iranian Oil Company (NIOC) said the company was planning to sign ten production maintenance and enhancement contracts with domestic firms within the next two months.
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Iran Oil Export Info, War Intelligence: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said disclosing information about Iran’s current oil exports is tantamount to disclosing wartime intelligence as the country is now involved in an economic war.
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Iran NOCs Entrust Comprehensive Studies of Oil Reservoirs to Local Firms
TEHRAN (Shana) -- This May, during the International Tehran Oil Show, the National Iranian South Oil Company (NISOC), among other Iranian oil companies, signed a contract for comprehensive studies on six oil fields.
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Tehran Continues Legal, Political Measures until Release of Iranian Tanker: Spokesman
TEHRAN (Shana) – Spokesman of the Iranian Ministry of Foreign Affairs Abbas Mousavi said Tehran would continue legal and political measures until the release of the Iranian oil tanker seized by British Marines.
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No Law Supports Seizure of Iran Oil Tanker by British Navy: Official
TEHRAN (Shana) -- Iran's Deputy Foreign Minister Abbas Araghchi described the recent capture of an Iran-flagged vessel by British Royal Marines as “Piracy”, saying, “No law supports capture of the Iranian oil tanker.”
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SZOGPC Repairs Siemens Turbine
TEHRAN (Shana) – South Zagros Oil and Gas Production Company (SZOGPC) has successfully repaired the VGC Controller of a Siemens turbine by relying on domestic capabilities.
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NIOC to Sell 2 mb of Crude Oil at Energy Exchange on July 9
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on July 9.
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Topside of Salman Offshore Fields being Readied for Loading
TEHRAN (Shana) – The topside of Platform S1 of Salaman joint oilfield is being prepared for laoding to its designated offshore spot in the Persian Gulf.
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Iran Exempted from OPEC Output Cut Deal Again
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country was exempted from an agreement among OPEC members to continue capping the producer body’s crude oil output by 0.8 mbd.
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OPEC Existence main Concern for Iran: Zangeneh
VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh told reporters ahead of the 176th OPEC meeting in Vienna that the existence of the Organization of the Petroleum Exporting Countries (OPEC) was the main issue for Iran in the meeting.
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Zangeneh Leaving Tehran to Attend OPEC Meeting in Vienna
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh will leave Tehran for Vienna within hours to attend the 176th meeting of the Organization of the Petroleum Exporting Countries (OPEC).
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Russia-Korea-Oil Triangle to Defeat US
TEHRAN (Shana) -- North Korean leader Kim Jong-un’s visit to Russia was significant on several fronts. Some had laid emphasis on the political aspects of this visit and its impact on future talks between North Korea and the United States. Some others mainly focused on Russia-North Korea ties and looked into their political and economic aspects.
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Hendijan Platforms almost Complete
TEHRAN (Shana) – Construction of platforms 7 and 8 of Hendijan offshore oilfield has made 90 percent progress.
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Parts and Components of Oil Drilling Rigs
TEHRAN (Shana) -- Parts and Components of Oil Drilling Rigs
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Threat to Iran Would Jeopardize Energy Security
TEHRAN (Shana) -- The world oil market is highly dynamic. Over recent months, this dynamism has picked up speed due to ongoing geopolitical events in the oil sector. The Trump administration has imposed sanctions on Iran’s petroleum sector in a bid to zero the country’s oil exports and drive Iran and even the Organization of the Petroleum Exporting Countries (OPEC) out of the oil market. The dependence of nations on oil carries one single message: Threatening Iran, which sits atop the world’s largest oil and gas reserves, will jeopardize the energy security.
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Investment Potential in Ahvaz Field
TEHRAN (Shana) -- Iran sits atop 10% of oil reserves in the world, thereby becoming the fourth largest holder of crude oil deposits in the world. Due to a variety of reasons, Iran has so far tapped not more than 20% of its reserves with the rest remaining intact.
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Iran Complying with Paris Agreement
TEHRAN (Shana) -- With the implementation of output quality improvement projects in Iran’s refineries and the production of Euro-4 gasoline, Iran has taken effective measures in compliance with the Paris Agreement which came into effect in December 2015.
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Zangeneh Complains about “Fake” Oil Purchasers
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said there were some people who contacted the National Iranian Oil Company (NIOC) as oil purchasers only intended to get information about how the company sells and exports crude oil and were “fake” oil customers.
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OPEC 176th Meeting Rescheduled for July 1
TEHRAN (Shana) -- 14 members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to change the date of the upcoming OPEC meeting and the OPEC+ assembly from 25 and 26 of June to June 1 and 2, respectively.
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Window for Abe!
TEHRAN (Shana) -- Shinzō Abe, Japan's Prime Minister, who just played golf with US President Donald Trump in Tokyo two weeks ago, is heading to Tehran this week to broker easing of strained relations between Tehran and Washington.
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India Refraining from Developing Iran Gas Field due to Sanctions: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said India was not planning to develop Iran’s Farzad B gas field due to sanctions.
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1st Economic Forum of the Caspian Littoral States Due on August 11, 12
TEHRAN (Shana) -- The first economic forum of the Caspian littoral states will be held on August 11 and 12, with representatives of governments, the private sector, academic communities and a number of international organizations in Turkmenistan’s Awaza.
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NIOC to Offer 2 mb of Gas Condensate at IRENEX
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to sell 2 million barrels of gas condensate on the Iran Energy Exchange (IRENEX) on June 3.
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SZOGPC Launches 2 Oil Wells
TEHRAN (Shana) -- South Zagros Oil and Gas Production Company (SZOGPC) has started production from two development oil wells in Sarvestan and Sa’adat Abad operational districts.
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NIDC Drills 17 Oil Wells in 60 Days
TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) spudded 17 oil and gas wells in the first two months of the current calendar year, which began on March 21.