TEHRAN (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says Iranian manufacturers can supply up to 65 percent of the equipment used for building a refinery. Speaking in a televised interview on Thursday night, the official said the National Iranian Oil Company (NIOC) has signed a €556-million contract with a consortium of Spain’s Tubacex and Foolad Isfahan Company for the ...

TEHRAN (Shana) — The panel discussion on the model of development contracts for Iran’s upstream oil and gas industry was presided over by Reza Dehqan, chief coordinator of upstream contracts at the National Iranian Oil Company (NIOC). Behzad Mohammadi, CEO of Oil Industries Engineering and Construction (OIEC), Navid Rahbar, Managing Director of APP Dentons law firm, Jaap Kalkman, head of ...

Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world’s largest gas field. The project will have a production capacity of 2 billion cubic feet per day or 400,000 barrels of oil equivalent per day including condensate. The produced gas will supply the Iranian ...

TEHRAN, June 24 (Shana) — The managing director of Iranian Oil Terminals Company (IOTC) says Khark Oil Terminal can load up to 8 million barrels per day of oil on vessels now that it has 9 active docks. Khark Oil Terminal covers 95% of Iran’s crude oil exports with 9 active docks, he said. Mousavi also said that Iran exports ...

TEHRAN, Nov. 30 (Shana) – Minister of Petroleum Bijan Zangeneh has taken part in the 171st Ordinary OPEC Meeting which has just started in Vienna. It is the most important OPEC session in the past 40 years. It is also important with respect to the post-JCPOA Iran and its improving economy. Certain regional states are not pleased with such a ...

TEHRAN, June 19 (Shana) — The National Iranian Oil Company (NIOC) will run a stand at the 22nd World Petroleum Congress to be held in İstanbul (Turkey) on 9-13 July, 2017. Caretaker of NIOC’s research and technology department Ebrahim Taleghani said investment opportunities in Iran’s oil industry will be introduced during the three-day event that is touted as the industry’s ...

TEHRAN, June 19 (Shana) — Energy trade between Iran and Indonesia has been rising in recent years and is growing, Indonesian ambassador to Tehran, Okatawnew Ali Modin said. Speaking in a meeting with Gholamhossein Shafei, head of Iran Chamber of Commerce, Modin underlined Iran’s role in the region as a trade hub, adding implementation of deals by the two countries ...

TEHRAN, June 19 (Shana) — Head of Iran-China joint Chamber of Commerce Majid-Reza Hariri says arrival of new investment in Iran’s oil industry can ensure economic stability of the country. Hariri said investment opportunities amount to over $120 billion dollars in Iran’s oil and gas sector which provides for unparalleled opportunities in the industry. He said foreign investment leads to ...

TEHRAN, June 17 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says a deal to develop South Pars 11 project between NIOC and the Total will be finalized before the end of President Rouhani’s first term in office. Zangeneh said articles of the deal are being reviewed by National Iranian Oil Company (NIOC) and it will be ready for signature ...

TEHRAN, June 17 (Shana) — An expert in international relations and technology says any delays in signature of oil deals will be detrimental to the country. According to IRNA, Mansour Bazmi, deputy head of the technology and international relations department of the Research Center of Petroleum Industry (RIPI), said delays would incur losses on the country as its neighbors spare ...