TEHRAN, May 27 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says the 172nd meeting of member states of the Organization of the Petroleum Exporting Countries (OPEC) was the “simplest” one since 2013. Speaking following the Thursday meeting of OPEC members in Vienna, Austria, Zangeneh said, “This was the simplest meeting of the members in the past three years that ...

TEHRAN, May 24 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says extension of the output cut plan of the Organization of the Petroleum Exporting Countries (OPEC) seems to have been unanimously endorsed by the group’s members. Speaking on Wednesday, the official said: “Given the remarks voiced by oil and energy minister of OPEC member states, it is apparent that ...

TEHRAN, May 24 (Shana) — The National Iranian Oil Company (NIOC) signed Iran’s first oil contract with an international consortium comprising Spain’s Tubacex and Isfahan Steel Company in the post-sanctions setting.  

TEHRAN, March 12 (Shana) — Launching operation of the last topside of South Pars 19 offshore project in the Persian Gulf. .

TEHRAN, May 10 (Shana) — INTRA Industrial Solutions says the removal of sanctions on Tehran’s nuclear agenda has helped their business rise up in Iran. Speaking to Shana, on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017) in Tehran, the company’s head of EMEA, Nils Wittbond, said INTRA Industrial Solutions has been ...

TEHRAN, May 09 (Shana) — A deputy head of National Iranian Oil Company has said that Iran needs to diversify its methods of project financing. Gholam-Reza Manouchehri said that in addition to National Development Fund of Iran (NDFI) and private companies, international companies could help Iran. “Besides all these [domestic] capabilities, we need interaction at international level in order to ...

TEHRAN, May 09 (Shana) — National Iranian Oil Company (NIOC) and Oil Industries Engineering and Construction Company (OIEC) have signed a memorandum of understanding for feasibility studies on Sepehr oil field. The MOU was singed between Gholam-Reza Manouchehri, deputy head of NIOC for development and engineering, and Behzad Mohammadi, CEO of OIEC. OIEC is among 11 E&P companies qualified by ...

TEHRAN, May 02 (Shana) — The National Iranian Drilling Company (NIDC) drilled, or repaired 11 offshore wells in the Persian Gulf during the course of the previous Iranian calendar year (ended March 20), an official NIDC official said. Siamak Afshari, director of NIDC’s offshore drilling operations, said the wells required 6,240 meters of drilling of which 2,512 meters of development ...

TEHRAN, Apr. 29 (Shana) — Hungary’s state-owned oil and gas group MOL has indicated preparedness to join oil projects in Iran by the adopting enhanced oil recovery (EOR) and improved oil recovery (IOR) techniques, a senior Iranian oil official said. Following a meeting with MOL deputy chief executive officer, Berislav Gaso, in his Tehran office on Wednesday, Deputy Petroleum Minister ...

TEHRAN, Apr. 23 (Shana) — The Islamic Republic of Iran will materialize a gas export deal with Georgia within a month, said Gholamreza Bagheri Moghaddam, the head of General Department of CIS and Caucasus Countries of the Foreign Ministry of Iran. Bagheri told IRNA that Georgia has purchased Iranian gas, but it has not yet been imported from Iran. “Georgia ...