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TEHRAN, June 11 (Shana) — Austrian finance minister met Iran’s minister of petroleum in his Tehran office to discuss cooperation avenues in oil and gas projects. Hans Jorg Schelling met Iranian Minister of Petroleum Bijan Zangeneh in Tehran on Sunday at the head of a high-profile economic delegation. Also accompanying Mr. Schelling was Austrian Ambassador to Tehran Friedrich Stift. Enhancing ...

TEHRAN, June 11 (Shana) — International oil heavyweights Petronas and Royal Dutch Shell have handed over technical studies over Iran’s biggest oil reserve, Azadegan Oilfield, to the National Iranian Oil Company (NIOC), an official said. The managing director of Iran’s Petroleum Engineering and Development Company said the companies will present the result of their surveys soon afterwards. Noureddin Shahnazizadeh said ...

TEHRAN, June 10 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says talks with Indian developers are still going on for developing Farzad B gas field. Speaking to reporters following a cabinet meeting on Wednesday, Zangeneh said Iran has not reached an agreement with ONGC Videsh Ltd over development of the field, however talks are still on the go over ...

22nd World Petroleum Congress Candidacy: Turkey has won the bid to host the 22nd World Petroleum Congress (WPC) in 2017, widely recognized as the `Olympics` of the oil and gas industry. “This time – Istanbul!” was the motto for the Turkish delegation as they faced the USA with Houston, Kazakhstan with Astana and Denmark with Copenhagen in the election to host ...

STAVANGER — The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7219/9-2, cf. Section 8 of the Resource Management Regulations. Well 7219/9-2 will be drilled from the Songa Enabler drilling facility at position 72°19′ 43.74″ north and 19°54′ 39.95″ east. The drilling program for well 7219/9-2 relates to the drilling of a wildcat well in ...

LONDON — BP Trinidad and Tobago (BPTT) LLC today announced the sanction for the development of its Angelin offshore gas project. The project will feature the construction of a new platform – BPTT’s 15th offshore production facility – 60 km off the southeast coast of Trinidad in water-depth of approximately 65 m. The development will include four wells and will ...

JOHANNESBURG (Bloomberg) — Eni SpA led a group that signed off on a $7-billion investment in a project to export natural gas from Mozambique. The country’s President Filipe Nyusi and Eni Chief Executive Officer Claudio Descalzi attended a ceremony in the capital Maputo on Thursday to formally approve the Coral South liquefied natural gas project. Once built, the floating LNG ...

TEHRAN, June 07 (Shana) — Operator of South Pars 13 Project (SP.13) says construction of the project’s jacket A is now 65% complete, adding the structure will be ready for installation by August. Payam Motamed said the structure is being constructed to replace one that was badly damaged by a Norwegian tanker back in April 2015. Phase 13 is designed ...

TEHRAN (Shana) — A total of 9 memorandums of understanding were signed on the sidelines of Iran’s 22nd Oil Show in Tehran. A total of 9 memorandums of understanding were signed on the sidelines of Iran’s 22nd Oil Show in Tehran. The MOUs, which were signed with both domestic and foreign companies, are centered on studying oil fields based on ...

Moscow, June 03 (Shana) — Iran and Russia signed a cooperation roadmap at St. Petersburg International Economic Forum. From Iran Amir Hossesin Zamaninia, deputy petroleum minister in international affairs and trading, and from Russia, Kirill Molodtsov, Russian Deputy Minister of Energy, signed the document on Friday. The roadmap was provided based on the superior level of cooperation between the two ...