National Iranian Oil Company (NIOC) will sign into three accords with France’s Total and Royal Dutch Shell over development of three oil and gas fields of Iran. Following the signing of an Agreement in Principle (AiP) with France’s Total S.A. company on development of South Pars Phase 11, the French firm will seal two more…
Lukoil is interested in participating in the projects in Iran if it gets the right to manage a part of oil, but would not agree to exclusively service, said Lukoil’s Vice President Leonid Fedun in an interview with TASS on Saturday. “I am aware, they have drafts of a new oil contract, which is a…
Lavan Oil Refining Company Date of Establishment: 1975 Production Date: 1976 Capacity:60,000 bpd Feedstock: Crude oil from Lavan, Condensate from South Pars Ownership: Private sector (under the supervision of NIORDC) Production Units Atmospheric Distillation, Vacuum Distillation, LPG Recovery, Naphtha Hydrotreater, Kerosene Hydrotreater, Gas OilHydrotreater, Catalytic Reforming (CRU),Isomerization and related utilities ISO Certificates ISO 9001 (2008),…
An Indian Oil Corp unit plans to invest $5.5 billion to gradually raise the capacity of its smallest refinery co-owned by Iran to 300,000 barrels per day (bpd), its chairman said, to help meet a surge in demand for refined products in the world’s fastest growing major economy. The Nagapattinam plant operated by IOC’s subsidiary…
The National Iranian South Oil Company has signed its first non-disclosure agreement (NDA) with a consortium of international companies, known as Pergas, for carrying out studies over two oilfields in Iran. The consortium comprises 11 European, Canadian and Asian firms as well as the Sharif University of Technology and has signed the NDA for holding…
By: Maryam Azish/ Iran’s petroleum industry is considered as the main generator for national economy following the implementation of Iran’s nuclear agreement with 5+1, known as the Joint Comprehensive Plan of Action (JCPOA). Energy plays a pivotal role to provide financial resources for Iranian public services and the industrial sector and the deal has paved…
IOEC managing director has reported on Iran’s plans to take part in offshore oil projects in Europe and Africa. Managing director of the Iranian Offshore Engineering and Construction Company (IOEC) Abolghasem Rahmani touched upon partnership with foreign firms for exports of technical and engineering services adding “Iran’s unique and precious experiences in offshore oil projects…
National Iranian Tanker Company (NITC) announced Poland’s readiness for cooperation with the company and investment in different fields of marine transportation of oil and gas products. Managing Director of Polish Ciech Trading Company Tomasz Grzela announced his company’s readiness in meeting with Managing Director of NITC Cyrus Kian Erthi here on Thursday. He said that…
Iran has become the first crude exporter to France in September, for the first time since the country began to export oil there after the sanctions have been removed on the country. Iran exported over 200,000 bpd t France The reports suggest that Iran’s export of oil to France hit just over 200,000 barrels per…
President Hassan Rouhani launched the first phase production at three fields in the oil-rich Khuzestan Province, bringing its total crude output closer to pre-sanctions levels. “Oil production west of Karun must reach one million barrels per day,” Rouhani said on Sunday, referring to the North Azadegan, Yadavaran and North Yaran fields. “This is a realistic…
