Oil Industry

NIOC inks major oil research deals with local universities

TEHRAN, Sep. 21 (MNA) – The National Iranian Oil Company (NIOC) has signed 13 major oil and gas extraction research contracts with Iranian universities and research centers.

Iran bracing for full production at Azar Oilfield

TEHRAN, Sep. 18 (MNA) – 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).

Iran must turn enemies’ threat into an opportunity: Speaker

TEHRAN, Sep. 15 (MNA) – Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that the country must turn the enemies’ threat into an opportunity especially in the current situation that the country is grappling with sanctions.

8.6mn tons of oil products sold at IRNEX in 6 months

TEHRAN, Sep. 14 (MNA) – Managing Director of Iran Energy Exchange (IRENEX) Ali Hosseini announced on Sunday that in the past six months, 8.6 million tons of oil products have been sold at the market.

Tehran to host 25th Iran Oil Show in October

TEHRAN, Sep. 08 (MNA) – The 25th edition of International Exhibition of Oil, Gas, Refining and Petrochemicals, known as Iran Oil Show, will be held from October 12 to 15 at Tehran International Permanent Fairground.

BY: Ebrahim Fallahi

Oil, petchem industries should target domestic market

TEHRAN, Sep. 07 (MNA) – Iran has managed to develop its oil, gas, and petrochemical industries to a significantly high level so that despite all the pressures, the country now stands among West Asia’s top producers.

Iran welcomes gas trade with Turkmenistan: NIGC head

TEHRAN, Aug. 24 (MNA) – The head of the National Iranian Gas Company Hassan Montazer Torbati expressed Iran’s willingness to resume gas trade with Turkmenistan.

Iran able to export gas to eastern countries

TEHRAN, Aug. 24 (MNA) – President Hassan Rouhani pointed to the ability of Iran to export gas to countries situated on the eastern side of its border.

Rouhani inaugurates important oil, gas projects

TEHRAN, Aug. 24 (MNA) – Iranian President Hassan Rouhani inaugurated three major oil, gas and petrochemical projects via videoconference on Monday.

Iran to inaugurate three giant oil, gas projects

TEHRAN, Aug. 24 (MNA) – Three giant oil , gas and petrochemical projects will be inaugurated on Monday in the presence of Iranian President Hassan Rouhani through video conference.

Briefing on Iran’s daily developments

TEHRAN, Aug. 19 (MNA) – The following are the latest developments in the Islamic Republic of Iran in the last 24 hours.

Oil industry has turned sanctions into opportunities: IOEC

TEHRAN, Aug. 18 (MNA) – Chief Executive of Iranian Offshore Engineering and Construction Company (IOEC) said that his company has turned sanctions into the opportunities of indigenizing parts.

Plan on domestic oil sale ratified initially, says Rouhani

TEHRAN, Aug. 11 (MNA) – Iranian President Hassan Rouhani said that the proposed plan to sell the country’s crude oil domestically has been initially ratified by the Supreme Council of Economic Coordination.

Zanganeh:

Majority of oil industry equipment built domestically

TEHRAN, Aug. 11 (MNA) – Oil Minister Bijan Namdar Zanganeh said the majority of equipment needed in the oil industry are produced domestically.

Oil industry activities on track despite sanctions: Zanganeh

TEHRAN, Aug. 03 (MNA) – Oil Minister Bijan Namdar Zanganeh says Iran’s oil industry activities have been going on strongly in the past two years since the US pulled out of the nuclear deal and reimposed sanctions.

Oil Ministry to ink 9 contracts with domestic firms: Zanganeh

TEHRAN, Jul. 21 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh said his ministry will sign nine contracts with domestic companies in the oil industry in the near future.

Zanganeh:

'Iran-China to have long term coop. in oil sector'

TEHRAN, Jul. 20 (MNA) – Iranian oil minister on Monday informed that under the framework of the 25-year comprehensive cooperation road map, Iran and China will collaborate on the oil sector in the long-run.

Iran will not surrender to US pressures: Oil Min.

TEHRAN, Jul. 11 (MNA) – Iranian Oil Minister Bijan Zanganeh hailed the signing of an agreement with a domestic company for the development of an oilfield in Iran.

NIOC, local firm sign contract on Yaran oilfield development

TEHRAN, Jul. 11 (MNA) – The National Iranian Oil Company (NIOC) has signed a contract with Persia Oil and Gas Industry Development Company (POGIDC) for the development of Yaran joint oilfield, near the Iraqi border.

Iranian petchem plant aiming to export heavy aromatics

TEHRAN, Jul. 08 (MNA) – According to the CEO of Nouri Petrochemical Company, the plant is preparing to export heavy aromatics in the coming months.

Sanctions can not impede Iran from development: Rouhani

TEHRAN, Jun. 25 (MNA) – Inaugurating three major oil projects via video conference on Thursday morning, Iranian President Hassan Rouhani said that sanctions can not impede Iran from development.

Iran, Iraq eyeing cooperation in oil industry

TEHRAN, Jun. 15 (MNA) – Iranian Oil Minister Bijan Namdar Zangeneh held a phone talk with his Iraqi counterpart Ehsan Abdul Jabbar on expanding bilateral cooperation in the oil industry.

Shiraz to host 14th Intl. Oil, Gas, Petrochemical Exhibition

TEHRAN, Jun. 08 (MNA) – The 14th International Exhibition of Oil, Gas, and Petrochemical Industry will be held in Shiraz, Fars province in late June.

179th meeting of the OPEC, non-OPEC conference kicks off

TEHRAN, Jun. 06 (MNA) – The 179th Meeting of the OPEC Conference has started under the chairmanship of HE Mohamed Arkab, Algeria’s Minister of Energy and President of the OPEC Conference.

By: Salman Parviz

Prospects of normalization grim in Libya

TEHRAN, May 19 (MNA) – Analysts say that Libya is one of the most important crisis to watch for in 2020 because of the involvement of Russia and Turkey. More importantly, the plight of the Libyans after almost 10 years of civil war cannot be ignored.

Iran’s March-May petchem output up 6%

TEHRAN, May 17 (MNA) – The director of production control at the National Petrochemical Company (NPC) said, the country's petrochemical complexes achieved a 6% increase in production in the current fiscal (started on March 20) compared to the same period last year.

By: Salman Parviz

Saudis react to economic squeeze

TEHRAN, May 16 (MNA) – Saudi Arabia and the UAE introduced the five percent Value Added Tax (VAT) in January of 2018, a first for the Persian Gulf region which had long prided itself on its tax-free, cradle-to-grave welfare system. On the same day, Saudi Arabia announced a petrol price hike of 127 percent.

Russia, S Arabia agree to stabilize oil market

TEHRAN, May 13 (MNA) – Russia and Saudi Arabia’s energy ministers agreed to stabilize the oil market.