Archive For The “Oil” Category

Iran’s oil exports to Europe reached 1m bpd

Iran’s oil exports to Europe reached 1m bpd

Iran’s crude oil and condensate exports to Europe has reached one million barrels per day. Iran sells crude oil to European companies within the framework of long-term deals and spot cargo, however the volume of spot cargo is higher, an informed source told Fars News Agency. Iran still encounters problems in receiving payments due to…

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Iran’s South Pars, Indicator of Iranian Contractors

Iran’s South Pars, Indicator of Iranian Contractors

Gholam-Reza Manouchehri has experienced working both in offshore and onshore. He is well familiar with subsea pipelaying and refinery construction. He also knows sanctions and lack of finance. Manouchehri has a brilliant background in companies like Petropars and Iranian Offshore Engineering and Construction Company (IOEC), both involved in the development of South Pars gas field….

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Iran Needs $200b for Developing Oil industry

Iran Needs $200b for Developing Oil industry

Iranian Minister of Petroleum Bijan Zangeneh says Iran will need 200 billion dollars for financing oil and gas projects under the 6th development plan of the country. Speaking after a ceremony to sign a deal between National Iranian Oil Company (NIOC) and an consortium comprising Total, China’s CNPC International and Petropars in Tehran on Monday,…

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Report: What Total’s $5b investment means for Iran

Report: What Total’s $5b investment means for Iran

By Karen Gilchrist: Iran signed a $5-billion deal with a consortium led by French oil company Total on Monday to develop the giant South Pars Gas Field — the world’s largest natural gas field. The deal is the Islamic Republic’s first with a European oil company in more than a decade, marking a major milestone…

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Iran signs $5b gas deal with Total+Photo-Video

Iran signs $5b gas deal with Total+Photo-Video

Iran signed a multibillion dollar deal on Monday with French oil giant Total and Chinese state oil company CNPC to further develop the country’s giant South Pars Gas Field in cooperation with Iran’s Petropars. The first major Western energy investment since sanctions against Tehran were lifted will cost up to $5 billion, with production expected…

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Oil products exports from Iran’s Rajaei Port to hit 34m tons

Oil products exports from Iran’s Rajaei Port to hit 34m tons

With the implementation of three oil docks at Shahid Rajaei Port, oil products export capacity from this south Iranian complex will reach 34 million tons, said deputy minister of roads and urban development. Mohammad Saeidnejad who is also the managing director of Iran’s Ports and Maritime Organization (PMO) said that the oil docks will include…

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Iran’s South Azadegan daily crude output to hit 160k bpd

Iran’s South Azadegan daily crude output to hit 160k bpd

An oil official said once production volume at South Azadegan reaches 160 thousand barrels per day (bpd), West Karun joint fields will bring a revenue of 2.5 million dollars. Majid Najarian, deputy project director for development of South Azadegan oilfield, said 565 million dollars were invested over three years to increase output of North Azadegan…

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Norwegian firms ready to partake in Caspian Sea drilling projects

Norwegian firms ready to partake in Caspian Sea drilling projects

KEPCO managing director said Norwegian companies had voiced readiness to take part in drilling and exploration of oil fields in the Caspian Sea. Addressing a press conference on Tuesday on the sidelines of Iran Oil Show (2017), Managing Director of Khazar Exploration and Production Company (KEPCO) Mohsen Delaviz said his company was in talks with…

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Iran to boost oil production in joint oilfield with Saudi Arabia

Iran to boost oil production in joint oilfield with Saudi Arabia

Executive Director of Iranian Offshore Oil Company Hamid Bovard announced that the oil extraction from the joint Iran-Saudi Arabia oilfield will be increased by at least 12,000 barrels per day. “The Iranian Offshore Oil company, other than its role to produce crude oil, establishes the presence of the Islamic Republic of Iran in the Persian…

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Iran’s NPC inks MoUs with four intl. firms

Iran’s NPC inks MoUs with four intl. firms

NPC Head Marzieh Shah-Daei said Memoranda of Understanding (MoUs) have been signed with four international companies following implementation of the Joint Comprehensive Plan of Action (JCPOA). Director of National Petrochemical Company (NPC) made the remarks on the sidelines of the 13th International Iran Petrochemical Forum (IPF 2017) on Saturday morning in Tehran. “The Iranian petchem…

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