TEHRAN, June 13 (Shana) — Export of light crude oil from Khark Oil Terminal, Iran’s biggest oil export terminal, rose by 87% year-on-year in the previous calendar year (ended March 20).    Iran exported 240 million barrels of light crude oil from the terminal during the previous calendar year, up by 87% from the preceding year, said Managing Director of ...

TEHRAN, June 12 (Shana) — Iran and South Korea have signed a technological cooperation agreement to for jointly developing small liquefied natural gas units. The 4-year deal concerns developing the technical savvy needed for construction of ISO containers for LNG units by consotriums from Iran and S. Korea, said Saeid Pakseresht, director of research and technology at the National Iranian ...

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 ...

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 ...

TEHRAN (Shana) — In contemporary world, technology applied to oil and gas industry has been growing in accordance with increasing consumption of hydrocarbon resources. In contemporary world, technology applied to oil and gas industry has been growing in accordance with increasing consumption of hydrocarbon resources. Today, knowledge of state-of-the-art technologies applied to petroleum industry is as important as the volume ...

TEHRAN, May 27 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh sternly denied rumors that the Islamic Republic has been ordered by an international court to undergo penalties for overcharging Turkey for its gas. Speaking to reporters in Tehran, the official made it clear that the prices in the gas deal with Turkey have been modified and no penalties have ...