Oil Industry

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.

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.

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.

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.

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.

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.

CBI governor:

Industrial productions at 1.2% growth in last month

TEHRAN, Oct. 07 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said on Monday that industrial productions in the country increased 1.2 percent in the last month of the current year (from August 21 to Sept. 22).

Isfahan hosts gas turbine training course for Iraqi oil experts

TEHRAN, Oct. 07 (MNA) – An international gas turbines training course was organized by Isfahan Petroleum Technical Specialist Training Center for 12 instructors of the Iraqi Ministry of Petroleum Training Centers.

Export of oil is Iran's legitimate right, says oil min. Zangeneh

TEHRAN, Oct. 07 (MNA) – Iran Oil Minister Bijan Zangeneh told Sputnik that export of oil is Iran's "legitimate right" and for doing that the country would employ "any methods" and would not give up in the face of US sanctions.

By: Mahnaz Abdi

Oil offering at IRENEX facing challenges, but will definitely continue

TEHRAN, Oct. 06 (MNA) – The national budget law for the current Iranian calendar year (started on March 21) obliges the Oil Ministry to offer at least two million barrels of light crude oil, two million barrels of heavy crude oil and two million barrels of gas condensate at the international ring of Iran Energy Exchange (IRENEX) every month.

Petropars to develop SP.11 alone as China pulls out

TEHRAN, Oct. 06 (MNA) – Iranian Oil Minister Bijan Zangeneh said Sun. that China’s CNPC International had pulled out of a contract to develop South Pars Phase 11, adding Petropars Company would develop the project alone.

Iran plans to enhance petchem diversity by 2025

TEHRAN, Oct. 06 (MNA) – The diversity of petrochemicals produced in Iran is expected to be enhanced by 2025 as the country is planning to realize the sector’s second and third leaps by 2025.

Russia's Rosneft ditches dollar for all new export deals: report

TEHRAN, Oct. 04 (MNA) – Russia’s top oil exporter Rosneft has set the euro as the default currency for all its new export contracts in a move to reduce vulnerability to potential US sanctions, according to a report.

Zangeneh says would stress de-politicization of energy market at GECF

TEHRAN, Oct. 02 (MNA) – Iranian Oil Minister Bijan Zangeneh said he would stress de-politicization of energy market at the 21st ministerial meeting of the Gas Exporting Countries Forum (GECF) due on Thursday in Moscow.

At Russian Energy Week panel;

Iran proposes achieving 30% share of natural gas by 2040

TEHRAN, Oct. 02 (MNA) – Iranian Oil Minister Bijan Zangeneh at the Russian Energy Week panel, while stressing depoliticization of energy sector, proposed setting the goal of achieving 30% share of natural gas in the world energy mix by 2040.

War with Iran would collapse global economy: MBS

TEHRAN, Oct. 01 (MNA) – Saudi Arabia's crown prince warned in an interview aired on Sunday that a military confrontation with Iran would collapse the global economy, adding that he would prefer a political and peaceful solution to a military one.

Refineries, petroch companies in Makran to be developed: oil min.

TEHRAN, Sep. 30 (MNA) – Iranian oil minister Bijan Zanganeh said on Monday that the government is focused on development of refineries and petrochemical companies in Makran region, in south eastern Sistan and Balouchestan province.

Zanganeh confirms participation at GECF in Moscow

TEHRAN, Sep. 30 (MNA) – Iranian Oil Minister Bijan Zangeneh said he would leave Tehran for Moscow later this week to attend the upcoming Gas Exporting Countries Forum (GECF) ministerial meeting and participate in the Russian Energy Week.

Contract inked on Iranian electropumps for transfer of crude from joint fields

TEHRAN, Sep. 30 (MNA) – The Petroleum Engineering and Development Company (PEDEC) has signed a contract with three Iranian firms for manufacturing and maintaining electropumps for Goreh-Jusk Oil Pipeline Project.

AOGPC surpasses output expectations

TEHRAN, Sep. 30 (MNA) – Aghajari Oil and Gas Production Company (AOGPC)’s crude oil production stood at 104.6% of its planned productivity in the first half of the current calendar year, which began on March 21.

Iranian engineer indigenizes rotary actuator for oil valves

TEHRAN, Sep. 30 (MNA) – A senior expert at the Pars Special Economic Energy Zone Organization (PSEEZ) has succeeded in developing a rotary actuator used in oil and gas valves.

Zanganeh urges preparedness against cyber threat on oil sector

TEHRAN, Sep. 29 (MNA) – Oil Minister Bijan Namdar Zanganeh highlighted the need for the oil industry to be prepared in the face of malicious physical and cyber threat on the key sector.

Iran, Syria private sector firms to cooperate in oil projects

TEHRAN, Sep. 26 (MNA) – The Syrian minister of petroleum and mineral resources visited Iran’s chamber of commerce, voicing the interests of his country’s private sector in joint economic activities with Iranian partners.

Iranian oil min.:

Iranian firms, active in rebuilding Syria

TEHRAN, Sep. 25 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh said that Iranian companies are active in rebuilding and reconstructing Syria.

Iran gained self-sufficiency due to sanctions: Syrian petroleum min.

TEHRAN, Sep. 24 (MNA) – Syrian Minister of Petroleum and Mineral Resources Ali Ghanem said that self-sufficiency has been one of the positive aspects of the US imposed sanctions on Iran.

Iran dismisses reports of successful cyber-attacks on its oil facilities

TEHAN, Sep. 21 (MNA) – Iran has dismissed reports by some Western media claiming that the country’s vital infrastructure and oil facilities had come under cyber-attack.

Oil should not be politicized and used as weapon: Zanganeh

TEHRAN, Sep. 19 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh warned about hte politicization of the oil market, saying the US is using oil as a weapon which is not the right approach.

Oil is not a weapon, says min. Zanganeh

TEHRAN, Sep. 18 (MNA) – Iranian oil minister Bijan Zanganeh warned against the use of oil as a weapon, calling for its free trade in international markets.

Iran oil industry developing despite sanctions: official

TEHRAN, Sep. 16 (MNA) – A senior Iranian oil official said that the industry is developing in the country despite the US’ economic sanctions.