Oil Industry

OPEC decisions in 177th meeting announced

TEHRAN, Dec. 06 (MNA) – Iranian Oil Ministry's news agency Shana has published five key decisions of the 177th OPEC meeting which was held in Vienna on Thursday.
2019-12-06 18:55
Iran will never back down on its right to produce, export oil: Gharibadabi

TEHRAN, Dec. 06 (MNA) – Iran's permanent envoy to Vienna-based international organizations, Kazem Gharibabadi said that Tehran will never back down on its right to produce and export oil after the unilateral sanctions are lifted.
2019-12-06 10:56
We would never forfeit Iranian nation's rights: Zangeneh

TEHRAN, Dec. 05 (MNA) – Iranian Minister of Petroleum Bijan Zangeneh said he and his team would never give up on the Iranian nation’s rights regarding the country's share of oil sales in the global market.
2019-12-05 16:21
RIPI to host petroleum startup event in December

TEHRAN, Dec. 03 (MNA) – The Research Institute of Petroleum Industry (RIPI) is to host the first startup event for university students for the Iranian Oil Ministry in December.
2019-12-03 08:42
NIDC drills 110,000 meters of oil, gas wells in 8 months

TEHRAN, Dec. 02 (MNA) – The National Iranian Drilling Company (NIDC) has drilled 111,000 meters of oil and gas wells since March 2019.
2019-12-02 08:48
VIDEO: Trump tells US troops to "keep the oil"

TEHRAN, Nov. 29 (MNA) – Speaking to the US marines on a recent unauthorized trip to Afghanistan, President Donald Trump said that the US troops will remain in the region to "keep the oil".
2019-11-29 20:31
Offshore section of SP14 complete by December

TEHRAN, Nov. 27 (MNA) – The operator of phase 14 development project of the South Pars gas field said the offshore section of the project would be complete by December.
2019-11-27 08:48
150 knowledge-based firms in oil equipment industries set up in sanctions period

TEHRAN, Nov. 18 (MNA) – Chairman of the Board of Directors of Iranian Association of Manufacturers of Oil Industry Equipment Sirous Talari said that a number of 150 knowledge-based companies were set up in sanctions period.
2019-11-18 15:20
By: Mohammad Ghaderi

When the US smells out oil in Lebanon: New destination for oil robbery

TEHRAN, Nov. 16 (MNA) – A review of the protests and political upheavals in Lebanon coupled with a pretension by officials in Washington that the US is concerned about the situation in Lebanon send important messages.
2019-11-16 23:00
US stealing Syria's oil, its regime akin to Nazis: Bashar Assad

TEHRAN, Nov. 14 (MNA) – Syrian President Bashar al-Assad stated Thursday that the US regime was akin to Nazi Germany as the country is just stealing oil from Syria.
2019-11-14 17:14
NIOC to offer 6mb of crude, gas condensate at IRENEX next week

TEHRAN, Nov. 14 (MNA) – 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.
2019-11-14 09:46
US seeks formation of illegal Quasi-State in Eastern Syria: Lavrov

TEHRAN, Nov. 12 (MNA) – The United States is looking to illegally separate territories on the eastern bank of the Euphrates and to create a separate, illegal quasi-state there, Russian Foreign Minister Sergei Lavrov has said.
2019-11-12 19:03
By: Omid Shokri

Risks and advantages of selling Aramco stocks

TEHRAN, Nov. 11 (MNA) – The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on December 11, but restrictions on future share sales mean an international IPO is ruled out for at least a year.
2019-11-11 20:43
Zanganeh:

53bn barrels of in-place oil at newly-discovered Namavaran Oilfield

TEHRAN, Nov. 11 (MNA) – Iranian Oil Bijan Namdar Zanganeh said the newly-discovered oilfield in Khuzesan, named Namavaran, has an estimated 53 billion barrels of in-place oil.
2019-11-11 11:37
Iranian firm plans for mass-production of multiphase pumps

TEHRAN, Nov. 11 (MNA) – The CEO of PetroIran Development Company on Sun. announced plans for mass-production of multiphase pumps, which are considered as more economical and environmental-friendly oil and gas transports.
2019-11-11 09:18
Enemies afraid of Iran’s influence in region: interior minister

TEHRAN, Nov, 10 (MNA) – Interior Minister Abdolreza Rahmani Fazli said the US and its allies are terrified of Iran’s power and influence in the region.
2019-11-10 15:09
Cavusoglu:

Trump's statement about Syrian oil reserves violates intl. law

TEHRAN, Nov. 09 (MNA) – Turkish Foreign Minister Mevlüt Çavuşoğlu on Saturday criticized the US' recent statements about Syria's oil reserves, saying that Donald Trump's statement about Syrian oil reserves violates international law.
2019-11-09 19:13
By: Martin Love

Iran actually is managing misfortune with aplomb

TEHRAN, Nov. 09 (MNA) – Recent reports claim the US is constructing a couple military bases or outposts in or near Syrian oil fields around Deir ez-Zor in far eastern Syria. It’s hard to imagine anything more absurd or arrogant or, for that matter, illegal.
2019-11-09 16:10
Petchem plant output exceeds expectations since March

TEHRAN, Nov. 05 (MNA) – The productivity of Tondgouyan Petrochemical Company, the largest supplier of PET in Iran, stood at 103% of its nameplate capacity in the first 7 months of the current calendar year, which began on March 21.
2019-11-05 10:49
Upcoming OPEC meeting to discuss output reduction: Oil min.

TEHRAN, Nov. 05 (MNA) – Iranian Minister of Petroleum Bijan Zangeneh said the meeting of the Organization of the Petroleum Exporting Countries (OPEC) in December will discuss more reductions to the group’s oil output.
2019-11-05 08:57
Iranian oil co. to spend Rls.800b on environmental projects

TEHRAN, Nov. 04 (MNA) – Karoon Oil and Gas Production Co. (KOGPC) is planning to spend 800 billion Iranian rials on environmental projects, according to the CEO.
2019-11-04 09:06
VIDEO: US troops, armor in Syrian oilfields

TEHRAN, Nov. 03 (MNA) – The video shows that US troops and armored vehicles entered Syrian oilfields on Thursday. Previously the Russian Defense Ministry published satellite intelligence images proving that oil from Syria was smuggled under the guard of US servicemen before and after the defeat of the ISIL terrorists.
2019-11-03 15:10
NIDC manufactures well acidizing equipment

TEHRAN, Nov. 03 (MNA) – 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.
2019-11-03 09:56
The key to Iran’s success in the face of sanctions

TEHRAN, Oct. 30 (MNA) – Oilprice.com has published a report on capabilities of Iran's oil and gas industries and some of the approached Tehran is using to foil US sanctions.
2019-10-30 12:36
NIOC seeking novel financing methods to fund petchem projects: CEO

TEHRAN, Oct. 17 (MNA) – 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.
2019-10-17 10:32
Domestic firms play major role in W Karoon oilfields exploration

TEHRAN, Oct. 15 (MNA) – Iranian companies and contractors are developing most of the operations in West Karoon oilfields, National Iranian Oil Company (NIOC) says.
2019-10-15 09:08
NIOC:

Newly-discovered Eram gas field estimated to hold 540bcm natural gas

TEHRAN, Oct. 14 (MNA) – The ‘Eram’ gas field, recently discovered south of Fars Province, southern Iran, is estimated to hold 19 trillion cubic feet (540 billion cubic meter) of natural gas in its reserve, according to NIOC.
2019-10-14 09:53
Iran self-sufficient in oil exploration: NIOC official

TEHRAN, Oct. 13 (MNA) – The deputy director of development and engineering affairs at the National Iranian Oil Company says Iran is fully self-sufficient in exploration activities.
2019-10-13 20:52
Iranian firms ready to step in exploration projects

TEHRAN, Oct. 13 (MNA) – The Oil Industries Engineering and Construction (OIEC) and Negin Afagh Kish Energy Development Company (TENCO) have expressed their readiness to step in sophisticated exploration projects in Iran.
2019-10-13 20:22
Large gas field discovered in southern Iran

TEHRAN, Oct. 09 (MNA) – Iran has made an important offshore gas discovery in its southern region, according to a report on Wednesday.
2019-10-09 12:05