Iran News

TEHRAN, March 05 (Shana) – Iranian President Hassan Rouhani said Tehran is ready to swap oil and petroleum products with Azerbaijan, expressing hope for further cooperation between the two neighboring countries. The Islamic Republic of Iran and the Republic of Azerbaijan signed two memoranda of understanding (MoUs) for expansion of bilateral cooperation on Sunday in Tehran in the presence of ...

TEHRAN, March 05 (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says Tehran is interested in joining the South African crude oil market. Speaking following a meeting with visiting South African Energy Minister Tina Joemat-Pettersson in his Tehran office on Saturday, the official said Iran is ready to send crude oil cargoes to South Africa. He said selling crude oil ...

TEHRAN, March 04 (Shana) – Abbas Araghchi, senior Iranian diplomat who was directly involved in Iran’s nuclear talks with the P5+1 group of countries, lauded the Iranian Ministry of Petroleum for its achievements since implementation of the deal Iran struck with the group. Addressing conference on Joint Comprehensive Plan of Action (JCPOA), the title of the deal, and the Economy ...

TEHRAN, March 01 (Shana) — The National Iranian Oil Company (NIOC) announced on Wednesday that it has received the result of studies by a number of international oil companies on its oilfields and blocks and is currently weighing them. Deputy Head of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholam-Reza Manouchehri told Shana that NIOC has ...

TEHRAN, Feb. 20 (Shana) – A senior petroleum official says employing the newly-devised Iran petroleum contracts (IPC) is crucial for enhancing recover of oil and gas from Iran’s reserves. Gholamreza Manouchehri, the deputy for development and engineering at the National Iranian Oil Company (NIOC), said on Saturday that IPC is focused on fields’ development in the long-run. “These deals oblige ...

TEHRAN, Feb. 19 (Shana) – Iran is in possession of nearly 7% of the world’s oil rigs, a senior Iranian oil official said. Roknoddin Javadi, deputy petroleum minister for supervision over hydrocarbon reserves, told an international drilling congress on Saturday that 7% of the world’s drilling rigs are currently operating in Iran’s oil and gas industry. He said the drilling ...

TEHRAN, Feb. 19 (Shana) – Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor says Iran will need to drill at least 500 wells to reach the output envisaged by the 6th five-year development plan of the country to 2022. The plan puts the country’s total crude oil output at 4.7 million barrels per day. Addressing the 4th ...

TEHRAN, Feb. 18 (Shana) – French energy giant, Total, is determined to develop phase 11 of the supergiant South Pars Gas Field and has started financing 15 million dollars for carrying out the first phase of the project to develop the phase, a senior Iranian oil official says. Ali Kardor, the Managing Director of the National Iranian Oil Company (NIOC), ...

The second session of Policy Council for 4th International Iran drilling congress & exhibition 2017 was held at prime meeting room of ministry of petroleum on January 21st 2017. Thirty two delegates from Iranian clients and contractors of upstream oil industry attended the meeting, as per invitation. Rokneddin Djavadi, deputy of petroleum minister and head of the council applauded the ...

TEHRAN, Feb. 12 (Shana) — Iran would welcome cooperation with Swedish companies in projects concerning optimization of energy consumption and reduction of greenhouse emissions, Iranian Minister of Petroleum Bijan Zangeneh said. Following a meeting with a Swedish delegation headed by Sweden’s Minister of EU Affairs and Trade Ann Linde here in Tehran on Saturday, Zangeneh said discussion regarding cooperation between ...