oil
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Constructive Interaction of Holders of 460 bb of World Oil Reserves
TEHRAN (Shana) -- The presidents of Iran and Venezuela, as holders of more than 460 billion barrels of crude oil reserves, formally held talks in Tehran on Saturday, June 11, and signed a 20-year cooperation document.
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Maduro Notes Petropars Capacity in Venezuela Oil Projects
TEHRAN (Shana) -- The President of Venezuela stressed the need to use the capacity of the Iranian company, Petropars, to develop Venezuela’s oil and gas projects.
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Online Environmental Monitoring System of Tehran Refinery Operational
TEHRAN (Shana) -- The project of establishing an online monitoring system for the environmental parameters of the flue gas in the furnaces of the southern region of the Tehran refinery was put into operation.
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Tehran, Caracas seeking to develop Energy Ties
TEHRAN (Shana) – Iranian President Ebrahim Raisi said: "There is good cooperation between Tehran and Caracas in the field of energy, thermal power plants, repair of refineries, export of technical and engineering services, economic, defense and military relations."
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Top Iran Oil News of the Week
TEHRAN (Shana) – The top news of the week included Iranian Minister of Petroleum Javad Owji’s visit to Azerbaijan, the presence of the Minister of Petroleum in the National Day of Russia, the appointment of new members of the Board of Directors of the National Iranian Oil Company, and more.
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Iran’s Energy Diplomacy in Latin America
TEHRAN (Shana) -- Growing demand for energy has intensified international rivalry over access to energy resources. Therefore, various nations are trying their best to adopt an effective and efficient energy diplomacy in a bid to guaranteeing safe access to these vitally important resources.
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Gray Shadow of Energy Security
TEHRAN (Shana) -- The energy market has seen many fluctuations over recent months. The latest lockdowns in China are causing significant demand destruction and adding downward pressure on oil prices, reduction of gas storage in Europe and finally the tension between Russia and Ukraine complicated part of energy marketpuzzle, such a wonderful life!
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Integrated Azadegan Development
TEHRAN (Shana) -- Minister of Petroleum Javad Owji has said the second phase development of the giant South Azadegan oil field would be implemented by local firms. The first phase of this field, which is among the West Karoun cluster of fields, has been developed by local contractors to reach the nominal output of 220,000 b/d by next March.
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Can We Halve Greenhouse Emissions by 2030?
TEHRAN (Shana) -- The 14th meeting of Working Group III (WGIII-14) of the Intergovernmental Panel on Climate Change (IPCC) concluded its two-week work (starting March 21) so that delegates and scientists would convene virtually on April 4 to officially adopt the summary for policymakers (SPM) of the 6th assessment report (AR6).
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NISOC Eyes PDC Technology
TEHRAN (Shana) -- Enhanced oil recovery (EOR) requires application of modern technologies. Although Iran's oil industry has faced sanctions in recent years and has been prevented from having access to many of these technologies, Iranian oil companies are seeking technical knowhow through cooperation with international companies or Iranian universities. The head of R&T division of National Iranian South Oil Company (NISOC), Mohammad Golestan-Bagh, tells Iran Petroleum that efforts are under way to develop knowhow for the manufacturing of polycrystalline diamond compact (PDC) bits.
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NIOC to Raise Azadegan, Yadavaran Output
TEHRAN (Shana) -- The head of corporate planning of National Iranian Oil Company (NIOC), Karim Zobeidi, says Iran is now ready to produce 3.838 mb/d of oil. In an interview with “Iran Petroleum”, he says the giant South Azadegan oil field would see its output reach 220,000 b/d. He also says talks are under way with a foreign firm to develop the second phase of the Yadavaran field for its output to increase to 210,000 b/d from the current 110,000 b/d.
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Iran Oil Exports Well: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji described the status of sales of Iranian crude oil and petroleum products as favorable.
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Owji Meets with Kazakhstan Energy Minister
BAKU (Shana) – Iranian Minister of Petroleum, Javad Owji, met with Kazakhstan Energy Minister, Bulat Aqchulaqov, on Thursday on the sidelines of Baku Energy Forum.
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Iran Oil Sales in 13th Administration Acceptable
TEHRAN (Shana) – Iran’s 13th administration has sold an acceptable level of oil and the country managed to maintain its share in oil market, Iran’s government spokesman said on Wednesday.
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Iran, Tajikistan sign dozens of Cooperation Documents
TEHRAN (Shana) -- 17 cooperation documents in various fields including energy, economy, trade and tourism have been signed between Iran and Tajikistan.
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New Wells Raise Crude Production at Mansouri Field
TEHRAN (Shana) -- Wells No. 123 and 124 of the national project of Mansouri Fields have successfully commissioned which enhance the field’s crude oil output.
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CBI: Iran Receives $7.5b Oil Revenue in April, May
TEHRAN (Shana) -- The governor of the Central Bank of Iran (CBI) said in the first two months of the current calendar year, which began on March 21, over $7.5 billion has been received by Iran from the sale of crude oil and petrochemicals which is $3 billion higher than the same period last year.
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Arvand Petchem Plant Loads 1st Ethylene Dichloride Shipment
TEHRAN (Shana) -- The caretaker of Arvand Petrochemical Company said the first consignment of ethylene dichloride weighing 5,000 tons has been loaded for export.
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Annual investment in PSEEZ increases 46%
TEHRAN (Shana) -- Iran’s biggest energy hub, Pars Special Economic Energy Zone (PSEEZ), has managed to attract 70 trillion rials (about $270.1 million) as well as €500 million of investment in the previous Iranian calendar year (ended on March 20) to register a 46 percent growth, year on year.
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Iran Oil Revenue Collection 60% Y/Y: Official
TEHRAN (Shana) -- The Director General of Public Relations of the Iranian Ministry of Petroleum said the receipt of hard currency earnings of oil sales in the first two months of the current Iranian calendar year which began on March 21 saw a 60% year-on-year growth.
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Iran, Russia Start Talks to Boost Ties
SHANA (Tehran) – Iran and the high-ranking delegation of Russia here on Wednesday started their talks on the expansion of their relations.
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Iran, Russia Deputy Ministers Discuss Bilateral Ties
SHANA (Tehran) – Iran’s deputy petroleum minister for international affairs and trading here on Tuesday held talks on bilateral relations with the Russian deputy economic development minister.
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Iran, Oman to improve level of relations
TEHRAN (Shana) – Iranian President Ebrahim Raisi stated that the trip to Muscat was very important and in line with the development of the administration’s neighborhood policy, saying: "The decision and will of Iran and Oman is to improve the level of relations in the fields of trade, transportation, energy and tourism."
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NIOC CEO Meets with Deputy Prime Minister of Kazakhstan
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) met with Kazakhstan Deputy Prime Minister and Minister of Trade and Integration Bakhyt Sultanov to discuss cooperation capacities between the two countries in the field of energy.
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NIDC Drills 17 Oil, Gas Wells in 2 Months
TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) successfully drilled 17 oil and gas wells in the first two months of the current calendar year, which began on March 21.
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Owji meets with Omani Foreign Minister
MUSCAT (Shana) -- On the eve of the Iranian President's state visit to Oman, Iranian Minister of Petroleum Javad Owji met with the Minister of Foreign Affairs of Oman in Muscat.
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No Limits in Talking with Foreign Investors: NIOC Official
TEHRAN (Shana) -- The director of investment and business of the National Iranian Oil Company (NIOC) said: "Negotiations with domestic and foreign investors in the oil industry are being pursued and there are no restrictions for this sector."
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Tehran, Muscat to Develop Hengam OilField Jointly
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced an agreement between Iran and Oman to form a technical committee for the joint development of Hengam offshore oilfield.
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Owji meets with Omani Counterpart
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji met with his Omani opposite number Mohammed bin Hamad al-Rumhi to discuss cooperation between the two countries in various energy sectors.
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Over 80% of Oil Revenues Received In Hard Currency
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said more than 80% of the country’s petrodollars is received in hard currency and the rest in bartering with medicine and staple commodities.