NIOC and Malaysia’s PETRONAS (Petroliam Nasional Berhad) will ink an MoU this week on development of Cheshmeh Khosh and South Azadegan oilfields. Following the inking of Memoranda of Understanding (MoUs) for conducting developmental studies in Azadegan oil field with France’s Total, Britain’s Royal Dutch Shell and Inpex Corporation of Japan, a cooperation agreement will be…
Iranian oil minister has announced that Russia’s Lukoil is seeking to launch crude oil swap with Iran. On cooperation between Tehran and Moscow over oil swap projects, Bijan Zanganeh said no talks were conducted in this regard during the recent visit to Iran of Russian Energy Minister Alexander Novak though relevant negotiations are underway with…
An NIOC official has reported on shipment of the first Iranian crude oil cargo to Italy’s Eni oil industry company in the post-JCPOA era. Executive Director for International Affairs at National Iranian Oil Company (NIOC) Seyed Mohsen Ghamsari, while pointing to launch of oil sales to Eni in the post-JCPOA era, said Iran has so…
NISOC managing director said negotiations were underway way to launch oil cooperation with BP, Argentina’s YPF as well as China’s Sinopec and CNPC. Aiming at attracting maximum investment and modern technology, Iran’s Oil Ministry, in addition to introducing new model of oil contracts, dubbed as the Iran Petroleum Contract (IPC), has allowed National Iranian South…
Poland‘s biggest refiner PKN Orlen announced a major purchase of crude oil from Iran thus becoming the latest company to join the already long list of European clients of Iranian oil. The state-owned PKN Orlen announced in a statement as reported by Reuters that it had bought one million barrels of Iranian Light oil. It…
Indonesia’s Pertamina Spokeswoman Wianda Pusponegoro said the energy company is expected to sign an agreement to import Iranian liquefied petroleum gas (LPG) in 2017. “It is highly likely we will import again from the National Iranian Oil Company,” Pertamina spokeswoman Wianda Pusponegoro told reporters, according to Reuters. Pertamina plans to import up to 12 cargoes,…
A senior Russian official has reported on launch of activities by Lukoil Company in oil exploration projects in the Persian Gulf. Speaking during the 13th meeting of Iran-Russia Joint Economic Commission, Russian Deputy Minister of Energy Kirill Molodtsov touched upon major axes of talks between Iranian and Russian firms over oil, gas and energy industries…
Representatives of Austria’s OMV and some other leading energy companies of the country in the meeting of Iran-Austria Joint Energy Committee in Tehran on Saturday expressed their willingness to participate in Iran’s oil projects. The meeting was also attended by representatives from National Iranian Oil Company (NIOC), National Iranian Gas Company (NIGC), Iran’s National Petrochemical…
Drilling operations on 40 oil wells in South Azadegan oilfield have shown 91 percent progress, said director of the South Azadegan oilfield drilling project in National Iranian Drilling Company (NIDC). Manouchehr Assadi said his company had drilled more than 140,000 meters as part of the operations to drill 40 wells, Fars News Agency reported. Eight…
Deputy oil minister said Iran and China will jointly launch a three-billion-dollar oil project today to develop and optimize Abadan Refinery. Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi, while expounding on the first major agreement between Iran and China in the post-JCPOA era, said “following months of negotiations between…
