TEHRAN, Apr. 18 (Shana) — A senior official with the Iranian Offshore Oil Company (IOOC) said the company received 80% of the services it needs in offshore operations from Iranian service firms during the previous calendar year which ended on March 20. Salman Khosravi said the companies offered the same amount of services to the company in the previous ...

TEHRAN, Apr. 10 (Shana) — The Research Center of Petroleum Industry (RIPI) is to host the first international conference on enhanced oil recovery (EOR) and improved oil recovery (IOR) methods in oil projects on April 22. The three-day conference is being held jointly by Iran Inter-Pore Society, the Iranian Association of Polymer and Chemical Engineers and the RIPI. Besides presentation ...

TEHRAN, Apr. 09 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh said presence of foreign developers in oil and gas projects in Iran would ensure economic stability and development in oil industry while keeping the enemies away. Addressing the Parliament on Sunday, the official said Iran can already cooperate with a limited number of foreign firms in oil projects; a ...

TEHRAN, Apr. 09 (Shana) — Iran says foreign direct investments (FDI) would be needed for developing oil fields in Caspian Sea. Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said foreign investors and developers would engage in development of oil and gas fields in the Caspian Sea in the wake of the eased sanctions on Tehran’s economic ...

TEHRAN, Apr. 08 (Shana) — Iran will be recovering over half a million barrels per day of crude oil by late-June 2017, a senior Iranian oil official said. Managing Director of Petroleum Engineering and Development Company (PEDEC) Nouredding Shahnazizadeh said Iran’s total crude oil production from South and North Azadegan, South and North Yatan, Yadavaran and Darkhowin oilfields will reach ...

TEHRAN, Apr. 04 (Shana) — The National Iranian Drilling Company (NIDC) successfully drilled 193 oil and gas wells during the previous calendar year which ended on March 20. An NIDC official, Naser Qolipour says 50 of the wells were completed 742 days ahead of plans. He said the company drilled 293,605 meters of wells during the same year. NIDC is ...

Assaluyeh, March 30(Shana) — Iranian Minister of Petroleum Bijan Zangeneh says the new Iranian calendar year (began March 21) will be an “exceptional” year for Iran’s petroleum and petrochemical industries as several major projects are scheduled to come on-stream during the year. “This year, Iran will launch historic projects in the oil and petrochemical sectors that will be unprecedented in ...

TEHRAN, March 29 (Shana) — Iran’s National Iranian Oil Company (NIOC) and Russia’s energy giant, Gazprom, signed a memorandum on gas cooperation. The memorandum was signed in the Kremlin where Iranian President Hassan Rouhani met his Russian counterpart Vladimir Putin on Tuesday. Iran and Russia signed 14 cooperation documents on various grounds including political, economic, legal, judiciary, scientific and cultural ...

Moscow, March 29 (Shana) — Tehran and Moscow intend to increase the volume of their annual trade exchanges to 10 billion dollars, President Hassan Rouhani says. President Rouhani made the remarks Tuesday evening during a dinner banquet with Iranian nationals living in Russia, IRNA reported. “It takes several years for the people to know all the aspects of the Joint ...

TEHRAN, March 28 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh accompanied President Hassan Rouhani in his Moscow visit. President Hassan Rouhani, heading a high ranking delegation, arrived in Moscow on Monday for a two-day official visit to Russia. Upon his arrival, the Iranian president and his entourage were welcomed by Russian officials at the airport, IRNA reported. Accompanied by ...