Oil Industry

Oil minister:

Iran against any increase in OPEC oil output

TEHRAN, Jun. 21 (MNA) – Iran disagrees with any increase in oil production in current circumstances, said Iranian Oil Minister Bijan Namdar Zanganeh on Thursday.

Oil minister says agreement at OPEC unlikely

TEHRAN, Jun. 20 (MNA) – Iranian Oil Minister Bijan Zanganeh has expressed doubt that the OPEC meeting in Vienna would conclude with consensus among the participating members, as Iran intends to veto Saudi Arabia’s proposal to increase oil production.

Austria’s ‘OMV’ announces plan to pull out of Iran

TEHRAN, Jun. 15 (MNA) – Austria’s energy giant OMV says it plans to cease its operations in Iran amid growing signs that the United States is preparing to re-impose sanctions against the country.

OPEC:

Iran oil production amounts to 3.8 mn bpd. in May

TEHRAN, Jun. 13 (MNA) – The monthly OPEC report says Iran’s crude oil production averaged 3.80mn bpd (million barrels per day) in May, near a nine-year high.

Iran ships 1st crude to Chile in at least 16 years

TEHRAN, Jun. 11 (MNA) – An oil tanker hauling Iranian crude is making the first delivery to Chile in at least 16 years.

Oil min.:

Planning underway to increase oil production from 29 oilfields

TEHRAN, Jun. 09 (MNA) – Iranian Minister of Oil Bijan Namdar Zanganeh said that planning is underway for increasing oil production volume from 29 oilfields.

Sources say India upped Iranian oil imports for June

TEHRAN, Jun. 02 (MNA) – Indian state refiner Bharat Petroleum Corp has reportedly requested an extra one million barrels of oil from the National Iranian Oil Company (NIOC) for June.

Iran to install 6 new oil rigs in S Pars gas field

TEHRAN, May 31 (MNA) – Ali Afaraideh Ghiyassi, the Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on Thursday that 6 new oil platforms will be installed in Iran’s the supergiant South Pars Gas Field by the end of Iranian fiscal year (21 March 2019).

Caspian Oil & Gas Exhibition kicks off in Baku

TEHRAN, May 29 (MNA) – The 25th edition of Caspian Oil & Gas Exhibition and Conference kicked off in Azerbaijan’s capital Baku on Tue. May 29 in the presence of 312 companies from 32 countries.

VP Jahangiri:

Enemies plot to harm Iran’s economy

TEHRAN, May 29 (MNA) – Enemies have aimed to harm Iran’s economy through damaging its currency reserves, said Iran’s First Vice-President Es’hagh Jahangiri.

Iranian manufacturers sign 55 contracts to provide oil industry equipment

TEHRAN, May 21 (MNA) – Reza Padidar, a member of the Oil Industry Equipment Manufacturer Association, said on Monday that Iranian manufacturers are assigned with making the needed equipment for Iranian oil industry.

EU to continue coop. with Iran in manufacturing oil equipment

TEHRAN, May 19 (MNA) – Chairman of Iranian Petroleum Industries Equipment Manufacturers Association said that while major European companies are cautious to do business with Iran in fear of US sanctions, smaller companies have already signed deals with Iran.

Iran, UK sign contract on developing Karanj oilfield

TEHRAN, May 17 (MNA) – The first heads of agreement (HOA) following the US pullout from the nuclear deal was signed Wed. night between Iran and Britain on development of Karanj oilfield located in Khuzestan province.

Self-sufficiency in oil pipelines, telecommunications hits 80%

TEHRAN, May 12 (MNA) – Chief executive of Iranian Oil Pipelines and Telecommunications Company (IOPTC) Abbas-Ali Jafarinasab said that more than 80 percent of parts and equipment related to the oil pipelines and telecommunications is manufactured inside the country.

NIOPRDC signs coop. agreement on catalysts produce with local co.

TEHRAN, May 09 (MNA) – On the sidelines of 23rd Iran Intl. Oil, Gas, Refining and International Exhibition, a Memorandum of Understanding (MoU) was signed by the National Iranian Oil Products Refining and Distribution Company (NIOPRDC) and a local company for the industrial production of hydrocracking and hydrogen refining of heavy oil cut (RCD).

Rouhani at Iran Oil Show:

Oil, energy 'special industry for Iran's diplomacy, national power'

TEHRAN, May 08 (MNA) – Iranian president said Tue. that oil industry has a special role in Iran’s internal and external affairs and plays an important role in Iran’s diplomacy and national power.

Pres. Rouhani visits Iran Oil Show 2018

TEHRAN, May 08 (MNA) – Iranian President Hassan Rouhani paid a visit this morning to the 23rd Iran International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2018) currently underway at Tehran Intl. Permanent Fairground.

23rd Iran intl. petrochemical expo kicks off in Tehran

TEHRAN, May 06 (MNA) – The 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition kicked off its work today morning in the presence of 1,053 domestic companies and also 600 foreign companies from 38 world countries.

Iran’s role in intl. oil market unignorable

TEHRAN, May 06 (MNA) – The Iranian oil minister said on Sunday that Iran’s role in the international oil market cannot be ignored, adding that Iran seeks reasonable price for crude oil in the market.

We will do whatever it takes to counter Trump: Iran oil min.

TEHRAN, Apr. 24 (MNA) – Iranian Oil Minister Zanganeh said Mon. that the country will employ all of its capacities and experiences to prevent any loss to its economic gains should US President Trump decide to pull out of the nuclear deal.

Venezuelan amb. to Iran:

Venezuela learns from Iran’s experiences

TEHRAN, Apr. 23 (MNA) – Venezuelan Ambassador to Iran Jesus Gregorio Gonzalez has said his country is learning from Iran’s experiences to tackle its challenges.

Iran's oil export reaches 2.1 mbd in March

TEHRAN, Apr. 17 (MNA) – Exports volume for Iran’s crude oil stands at two million and one hundred thousand barrels per day (mb/d) in March. The figure is expected to increase in April.

Lukoil says it expects to sign contracts with Iran in 3-4 months

TEHRAN, Apr. 11 (MNA) – The head of Lukoil, Russia's oil-producing giant, Vagit Alekperov said he expects to sign contracts with Iran to develop the country's oil fields in 3-4 months.

Russia mulls oil payments in national currencies with Iran, Turkey

TEHRAN, Apr. 07 (MNA) – Russia is considering an option of payments for oil in national currencies, in particular with Turkey and Iran, TASS quoted Russian Energy Minister Alexander Novak as saying.

ISA head:

Iran develops space technology to serve people

TEHRAN, Apr. 02 (MNA) – Head of Iranian Space Agency (ISA) Morteza Barari says Iran has planned to develop remote sensing as well as communications satellites to serve the Iranian people in their daily lives.

Oil minister reveals:

Producing 500m oil barrels, outcome of IPC 3rd contract

TEHRAN, Mar. 19 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh said, “it is predicted that 500 million oil barrels will be produced during 20 years as a result of conclusion of contract for the development and operation of Jofeir and Sepehr oilfields.”

French Total to apply for waiver if US withdraws from JCPOA

TEHRAN, Mar. 18 (MNA) – French oil major Total is committed to the development of an Iranian gasfield and will apply for a waiver if US President Donald Trump unilaterally withdraws from the 2015 Iran nuclear deal and re-imposes sanctions on Tehran, the company’s chief executive said.

Enemies after insecurity, irreligious officials in Iran: cleric

TEHRAN, Mar. 16 (MNA) – Ayatollah Emami Kashani the interim leader of Tehran Friday Prayers asserted that the enemies of Iran are after increasing insecurity and stress in Iran while the officials are not religious.

IPC’s data must be in compliance with national interests

TEHRAN, Mar. 11 (MNA) – The need to provide comprehensive, timely, precise and accurate information on petroleum contracts, salaries and wages of chief executives of oil industry was emphasized in an expert-level meeting held at the venue of the Ministry of Oil.

Iran crude production hits 4mn bpd: deputy oil min.

TEHRAN, Mar. 03 (MNA) – According to Iranian deputy oil minister Iran is currently producing around 4 million bpd of oil and exporting around 2.6 million bpd of oil and gas condensates.