News

Domestic Experts Build Major Oil Processing Structures

The CEO of the National Iranian South Oil Company (NISOC) announced completion of the second sulfur removal tower to be installed at Maroon Oil and Gas Production Company. According to NISOC, the structure was fully designed, engineered and constructed in Iran, and is to be installed at the Industrial Complex No. 3 of Maroon Oil & Gas Production Company. Ahmed ...

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The 6th Iran Drilling Congress and Exhibition was held in IRIB Int’l Conference Center

The 6th Iran Drilling Congress and Exhibition was held in IRIB Int’l Conference Center The 6th Iran Drilling Congress and the third Iran Exploration and Production Congress and Exhibition and was held in February 23 & 24, in IRIB Int’l Conference Center, in Tehran, Iran, with the participation of more than 1,200 managers, experts and decision makers, from Iranian oil ...

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US Pressuring Riyadh to Push Down Oil Prices: Iran

by: Reza Zandi He also mentioned recent actions by the US, and added: “[The] United States has also introduced an act called NOPEC in order to blackmail OPEC which the members will stand against it.” Kazempour Ardebili in sight of Saudi goals also added: “Saudi Arabia is trying to win points with Russia in order to align them with their ...

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NIOC CEO Appoints NICO Vice-Chairman

Mr. Kardor signed off on a letter replacing Majid Hedayat Zadeh Razavi with Mr. Pourebrahim as NICO CEO. “In view of the sensitivity and importance of the company, it is necessary to take the necessary steps to restore and revitalize its role at the international level and given the increasing necessity for bringing about financial discipline in the company, do ...

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Sanctions not affecting Iran Oil Output: NISOC

According to the company, Bijan Alipour said, “US withdrawal of the Joint Comprehensive Plan of Action (JCPOA) and sanctions of foreigners do not impact Iran’s crude oil production.” Addressing a meeting with NISOC’s senior officials, Alipour said the company has been able to restore the country’s production capacity to the pre-sanctions setting. source: www.shana.ir

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The Permian Has A Natural Gas Problem

By Tsvetana Paraskova Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play. But constraints have also emerged in natural gas takeaway infrastructure, with pipelines nearly full and natural gas prices in West Texas diving on oversupply. Pipelines will not ...

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New Iraqi Lawmakers Want Out Of OPEC Deal

By Tsvetana Paraskova Some newly elected Iraqi lawmakers, linked with populist Shiite cleric Moqtada al-Sadr whose alliance won the elections last month, are not sure that Baghdad’s participation in the OPEC production cut deal is good for the country. Some new members-elect of Iraq’s parliament think that Iraq should be able to export as much crude oil as it wants, ...

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Oil Sinks Deeper On OPEC Concerns

By Tom Kool Oil prices fell on Tuesday morning as oil traders continue to voice concern about the plans of OPEC to increase oil production. (Click to enlarge) Chart of the Week (Click to enlarge) – Fossil fuel consumption for electricity generation in the U.S. declined to 22.5 quadrillion BTUs in 2017, the lowest level since 1994. – The decline ...

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