Mr. Zangeneh sent a letter to Al Marzouei, in which he underlined imposition of unlawful, unilateral and extraterritorial sanctions by the US government on the Islamic Republic of Iran which clearly violate the international agreement that had been endorsed by the UN Security Council. By referring to Article 2 of the Statute of the Organization of Petroleum Exporting Countries (OPEC), ...

“Export of gas does not necessarily concern national interests, rather, human interests are hinged upon export and consumption of natural gas; therefore, neither does anyone have the right to impost sanctions on gas exports nor has anyone ever done so. The issue of gas exports is not politicized,” Hamid Reza Araqi told reporters on Sunday. He argued that the issue ...

According to POGC, Farshad Heidari, head of the offshore section of phase 22-24 development project, said Platform 24A was being prepared for pre-startup. As he said, installation of the platform’s flare and connecting bridge would finish by the end of next week. He said 11 wells had been drilled for the platform, adding once drilling of 7 other wells completed, ...

Operating at 7 million cubic meters per day of gas processing capacity, the project’s commissioning took place following all the required standard tests and pre-startup operations. Once fully operational, the unit will be able to process 14.2 mcm/d (or 500 million cubic feed per day) of natural gas for injection to the national gas trunklines. The first sweetening train of ...

According to Iranian Parliament’s official website, ICANA, Ali Kardor commented on the state of Iran’s oil exports since US withdrawal from the nuclear deal, and stated: “The United States did not play a role in Iran’s oil exports, and if Europeans offer the necessary guarantees and continue honoring the Joint Comprehensive Plan of Action (JCPOA), Iran can continue its oil ...

Elaborating on the highlights of a meeting of the parliament’s energy committee with the CEO of the National Iranian Oil Company (NIOC), Hossein Amiri Khamkani said Iran-EU scenarios for preserving the Joint Comprehensive Plan of Action (JCPOA) were considered during the meeting. “Iran will continue exporting oil at the current levels which are roughly 2.2 million barrels per day,” the ...

by Mohammad Bagher Nobakht Addressing reporters on Tuesday, Mohammad Bagher Nobakht said the country’s oil income grew by 99 percent in the month of Farvardin (the first month in the Iranian calendar year beginning on March 21 to April 20), from the same period last year. “During Farvardin, we sold each barrel of oil at $63 while the figure was ...

By Irina Slav Iran expects disruption in its oil industry after the reintroduction of U.S. sanctions that would make it hard to stick to its current production goals, Oil Minister Bijan Zanganeh said over the weekend, when he met with EU’s Climate Action and Energy Commissioner Miguel Arias Canete. Iranian state news agency Shana quoted Zanganeh as saying achieving its ...

By Javad Asghari Sustainable development signifies generating value-added, and petrochemical industry will be able to render significant services to the Iranian economy. The petrochemical sector is able to play a significant role in boosting Iran’s economic status, reducing unemployment rate, creating jobs and generating revenues through processing, manufacturing and supply of high value-added products. Economic experts are right in their analysis ...

TEHRAN (Shana) — Iran exported over 800 million barrels of crude oil from its major oil export terminal in Khark Island ove the course of the previous Iranian calendar year which ended on March 20. CEO of the Iranian Oil Terminal Company (IOEC) Pirouz Mousavi told a group of visiting members of the energy committee of the Iranian parliament in ...