Iran started exporting condensate — a form of ultra light oil — from two newly launched phases of its giant South Pars Gas Field to Japan. Managing Director of National Iranian Oil Terminals Company (NIOTC) Pirouz Mousavi was quoted by Press TV as saying that the Japan-bound consignment contained 160,000 barrels of condensate from South…
A senior Oil Ministry official said Iran is boosting oil production by 90,000 barrel per day in line with last year’s OPEC agreement. “We are increasing our oil output which will reach the designated production level,” Gholamreza Manouchehri, National Iranian Oil Company’s (NIOC) deputy head for engineering and development affairs told IRNA. On November 30,…
Spokesperson of National Iranian Gas Company (NIGC) said Iran-Iraq gas pipeline will be unveiled on Tuesday though exports to the neighboring country will still remain in a halt. NIGC Spokesman Majid Bujarzadeh made the remarks emphasizing that Iran is ready to inject gas into the export pipeline asserting “the Iraqi side is still unprepared to…
An Iranian oil tanker has called at a European port for the first time since the lifting of sanctions last January, said managing director of the National Iranian Tankers Company (NITC) said. Sirous Kianersi added the first NITC tanker leased to a major Spanish oil company docked at the Port of Algeciras just recently, reported…
Iranian petroleum Minister Zanganeh, while evaluating current oil market conditions as satisfactory, said the country’s oil revenues will mount to 41 billion dollars in the present Iranian year. Speaking to an IRIB TV, Bijan Zanganeh touched upon roots of the halt in gas imports from Turkmenistan while highlighting that the volume of gas purchase from…
Iran’s deputy petroleum minister says Tehran’s total crude oil and condensate sales reached around $30 billion in the first 9 months of the current calendar Persian year which started on March 20. “Iran’s crude and condensate exports surpassed 2.8 million barrels per day (bpd) in December 2016,” Amir Hossein Zamaninia said on Saturday. Iran exported…
Iran ‘s NIOC deputy head, while disavowing claims on disqualification of Russian oil giants, said the Iranian company will soon publish a second list of authorized applicants for investment. Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri said “a list recently published by National Iranian Oil Company was relevant to applicants from…
India‘s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts. The sharp increase propelled Iran into fourth place among India’s suppliers in 2016, up…
The operator of phases 20 and 21 of the super giant South Pars Gas Field says phase 21’s platform is currently recovering 27 million cubic meters of natural gas per day, saying the platform is faced with no restrictions in supplying gas to onshore refining facilities. Alireza Ebadi said one third of the gas recovered…
Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next 10 years. Managing Director of the National Petrochemical Company (NPC) Marziyeh Shahdaei has said Iran will need $20b in fresh…
