oil
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Iran Bracing for Full Production at Azar Oilfield
TEHRAN (Shana) -- Azar oil field is on the verge of achieving a production capacity of 65,000 barrels of oil per day by using the ancillary facilities of the Central Processing Facility (CPF).
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IOTC Builds Expansion Joints for SMBs
TEHRAN (Shana) – Experts at the Iranian Oil Terminals Company (IOTC) have successfully built expansion joints used in Single Buoy Moorings (SBMs).
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Gas Pars Output 2.5 Times Up in 7 Year
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s gas production from the South Pars gas field has increased by 2.5 times since 2013 from 280 million cubic meters per day to currently 700 mcm/d.
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60th OPEC Annivesary
OPEC Founders Achievements
TEHRAN (Shana) -- OPEC has turned 60. So long a time. Why was OPEC established? What has it brought to the five founding members?
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60th OPEC Annivesary
OPEC Turns 60; Achievements, Survival and Challenges
TEHRAN (Shana) -- This year, the Organization of the Petroleum Exporting Countries (OPEC) is marking 60 years of its foundation. Every year an anniversary ceremony is held on September 14, i.e. the day of OPEC foundation, at the Secretariat of the Organization. In addition, this year a special ceremony was due to be held in Baghdad with OPEC Secretary General Mohammad Barkindo and heads of delegation of OPEC member countries in attendance to commemorate the 60th anniversary of OPEC establishment; however, despite all the required arrangements made by Iraq, due to global COVID-19 pandemic the ceremony was wisely agreed to be postponed to some other time.
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60th OPEC Annivesary
If only OPEC united against Political Saber-Rattling…
TEHRAN (Shana) -- The establishment of the Organization of the Petroleum Exporting Countries, or OPEC for short, 15 years after the end of World War II can be seen as a sign of the efforts of the founding countries to oppose and resist the extravagant behavior of major oil companies, or the famous seven sisters, at that time. In the years before foundation of OPEC, each of the founding countries, namely Iran, Venezuela, Iraq, Saudi Arabia and Kuwait, faced myriad political and social upheavals.
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25th Iran Oil Show to be Held in October
TEHRAN (Shana) -- The 25th International Exhibition of Oil, Gas, Refining and Petrochemicals will be held from October 12 to 15.
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MOS Raises Oil Output of South Yaran field
TEHRAN (Shana) -- The oil production capacity of the South Yaran joint field reached 25,000 barrels per day with the installation of locally-built mobile oil separator (MOS).
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Phase 1 of Jask Oil Terminal Ready for Operation
TEHRAN (Shana) -- The head of Jask Oil Terminal Project said the first phase of the terminal would be launched by the end of the current calendar year, which began on March 21.
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Gas Flaring Drops 80% in Maroon Oil Facilities
TEHRAN (Shana) -- The instructed crude oil production plan of Maroon Oil and Gas Production Company was realized by more than 100% while its gas flaring was reduced by 80% since last year.
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Success of Oil Industry despite Sanctions
TEHRAN (Shana) – The Iranian Minister of Petroleum said the country made great achievements in oil and gas projects despite the sanctions.
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Sustainable Electricity Supply Ensures Uninterrupted Oil Recovery in West Karoun Region: CEO
TEHRAN (Shana) – The CEO of the Petroleum Engineering and Development Company (PEDEC) said, "Sustainable electricity supply guarantees continuous production of oil in the West Karoun oil fields cluster, and the construction and operation of the West Karoun power plant is very important in this regard."
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Rouhani Inaugurates Major Oil, Gas Projects
TEHRAN (Shana) – Iranian President Hassan Rouhani has launched three major oil, gas and petrochemical projects via videoconference.
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Technology Could End oil age: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the end of the oil age would be cause by the introduction of new technologies rather than the end of oil reserves.
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OIL of Bangshir reservoir of Ramshir Field Increased
TEHRAN (Shana) -- New studies on the Bangestan reservoir of the Ramshir oil field show that the average volume of oil in-place (OIP) in this reservoir is roughly 3.5 times the previous estimates and it is possible to increase production from this reservoir up to 30,000 barrels per day.
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Iran Eyes 185k b/d Enhanced Oil Output Capacity in New Projects
TEHRAN (Shana) – Iran will add over 185,000 barrels per day to its oil production capacity by carrying out 13 projects aimed at enhancing and maintaining oil recovery in the country’s fields.
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Zangeneh Stresses Capacity Building in Oil Industry
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said power in the oil market is not based on the reserves of a country but production capacity, stressing the need for building oil production capacity under the sanctions.
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Iran Firms Wielding 70% Share in Oil Production Enhancement, Maintenance Projects: CEO
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said Iranian firms would enjoy over 70 percent share in oil production enhancement and maintenance projects in the country’s fields.
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13 Oil Contracts Inked with 14 Iranian firms
TEHRAN (Shana) – Iranian oil industry has signed 13 contracts worth roughly €1.5 billion with 14 local firms to enhance and maintain oil production.
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1st Phase of Oil Transfer Facilities in Western Karun Cluster Officially Launched
TEHRAN (Shana) -- The first phase of the oil transfer chain of the West Karun fields with a daily delivery capacity 460,000 barrels of heavy crude oil and 254,000 barrels of light crude oil to export terminals was officially launched on Thursday.
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Gate Valves for Goreh-Jask Pipeline Built in Iran
TEHRAN (Shana) -- For the first time in the Iranian oil industry, construction of 42-inch gate valves compatible with sour fluids is on the agenda of domestic companies, and now the process of manufacturing these valves to be used in the pipeline to transfer crude oil from Goreh to Jask is underway.
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Kish-Garzeh Marine Pipe-Laying Operation Complete
TEHRAN (Shana) -- The head of Kish gas field development project announced the end of the offshore pipeline extension operation in the Kish-Garzeh offshore pipeline project with an unprecedented record.
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Leader Lauds South Pars Achievements under US Embargoes
TEHRAN (Shana) -- The Supreme Leader of the Revolution hailed the successful actions that coincided with the sanctions in South Pars joint gas field.
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Iran saves €60 m by Using Sahar 1, 2 drilling rigs
TEHRAN (Shana) -- The head of the Mostazafan Foundation of Islamic Revolution announced savings of 60 million euros following the major overhaul of Sahar 1 and 2 floating platform by local experts.
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Sanctions could not hinder development of Iran oil industry: MP
TEHRAN (NIPNA) -- A member of the Energy Committee of the Islamic Consultative Assembly said: "Iran will not give up under any circumstances and despite US sanctions, it will develop its oil industry."
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Iran Oil Exports No Longer Dependent on Hormuz Strait
TEHRAN (Shana) -- President Hassan Rouhani and Minister of Petroleum Bijan Zangeneh officially inaugurated the construction of a 1,000-km pipeline extending from Goreh to Jask. The pipeline would enable to Iran to carry 1 mb/d of crude oil from Makran export terminal to target markets.
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Iran Determined to Meet Power, Gas Commitments towards Iraq: Veep
TEHRAN (Shana) – First Vice President Eshaq Jahangiri voiced Iran’s determination to live up to its gas and electricity commitments towards neighboring Iraq even in the harsh summer conditions.
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80% Share of Domestic Production in NISOC Goods Supply: CEO
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said over 80 percent of the goods supplied for the company were procured by domestic manufacturers.
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10% Enhanced Recovery Rate in Azadegan Oilfield Possible: Scholar
TEHRAN (Shana) -- The head of the Petroleum Engineering Institute of the University of Tehran said: "Studies of the institute on Azadegan field have yielded valuable results, based on which it is possible to increase the recovery rate of this joint field by 10%."
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Zangeneh: 9 Oil Contracts to Be Signed With Iranian Companies
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said: "Soon, nine contracts for the maintenance and enhancement of oil production (EPC/EPD) will be signed with Iranian companies and the Oil Research and Technology Fund will be activated.”