TEHRAN, Jan. 25 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says Iran’s crude oil output is at 3.9 million barrels per day. Speaking on the sidelines of a government cabinet meeting on Wednesday, the official said Iran is now pumping 3.9 million barrels of oil per day. He said a heads of agreement (HoA) has been signed between the ...

TEHRAN, Jan. 24 (Shana) — The National Iranian Oil Company (NIOC) says it will hold a tender for developing South Azadegan oilfield in the near future. Managing Director of NIOC Ali Kardor said on Tuesday that the company has planned a tender for developing the field soon. He also expressed hope that a deal for developing phase 11 of the ...

TEHRAN, Jan. 24 (Shana) — Iran has raised its natural gas production capacity by 600,000 cubic meters per day by launching Well No. 45 of Tabnak gas field at Parsian Operating Area. South Zagros Oil and Gas Company has launched the well with the capacity to produce 600,000 cubic meter of natural gas per day. Badiollah Mousavi, operator of the ...

TEHRAN, Jan. 24 (Shana) — Government Spokesperson Mohammad Baqer Nobakht says Iran’s oil income is being transferred to the country without any trouble, adding the country will receive IRR 685,000b of its oil cash by the calendar yearend. Speaking on Tuesday, Nobakht said, “Under the current circumstances we can receive our oil money without any trouble.” He said Iran is ...

TEHRAN, Jan. 17 (Shana) — First Vice President Eshaq Jahangiri said one of the outcomes of implementation of the Joint Comprehensive Plan of Action (JCPOA) is that Iran’s export of crude oil and gas condensate has reached its highest level since the 1979 Islamic Revolution. “In less than a year, Iran’s export of crude oil and gas condensate has reached ...

TEHRAN, Jan. 18 (Shana) — Iran has opened its first oil industry museum in the southwestern city of Abadan. The museum is Iran’s oldest gas station that was established in Abadan in 1927 by British Petroleum. At that time it provided oil and gasoline for household and transportation sectors. It also served airplanes. Petroleum industry museums in Abadan are to ...

TEHRAN, Jan. 16 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says Iran’s crude oil revenue is expected to reach 41 billion dollars by the end of the current Iranian fiscal year to March 20 2017. Speaking in a televised interview, the official said that the sum, however, will be accessible by Iran in a matter of a few months. ...

TEHRAN, Jan. 16 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh said five new phases of the supergiant South Pars Gas Field will come on-stream by the end of the current Iranian calendar year which began on March 20. Speaking in a televised interview on Monday, the official said phases 17, 18, 19, 20 and 21 of the joint gas ...

TEHRAN, Jan. 17 (Shana) — The newly appointed director of international affairs of the National Iranian Oil Company (NIOC), Saeid Khoshrou, said Iran’s crude oil sale policies will not change under his leadership. Addressing his introduction ceremony on Monday, Khoshrou said the NIOC’s international activities will continue as before but bolstering negotiations and activities will be top on its agenda ...

TEHRAN, Jan. 17 (Shana) — National Iranian Gas Transmission Company (NIGTC) says it have supplied over 3 billion cubic meters of natural gas to northwestern provinces of the country for heating over the past 30 days. Saeid Tavakoli, managing director of the NIGTC, said natural consumption in the provinces rose by 115 mcm in the provinces in the Iranian month ...