A 2,600-ton platform of the phase 20 of the South Pars oil field with the capacity of refining one billion cubic foot of gas is leaving the Khorramshahr yard, on October 31, 2016, to be carried to the place where it has to be finally launched. About South Pars oil and gas field South Pars…
Iran Oil Terminals Company (IOTC) reported that negotiations have been held with a Dutch firm to renovate and develop Iranian oil terminals in the Persian Gulf as well as establish a floating oil terminal. The company’s Managing Director Pirouz Mousavi said on the sidelines of Offshore Energy Exhibition and Conference (OEEC) in the Netherlands that…
India and Iran aim to strike a deal by March to develop an Iranian gas field with estimated in-place reserves of 18.75 trillion cubic feet, the Indian government said in a statement on Wednesday. A consortium headed by ONGC Videsh Ltd (OVL), the overseas investment arm of Indian explorer Oil and Natural Gas Corp, discovered…
Deputy oil minister said oil cooperation between Iran and Germany’s Deutsche Bank have been resumed. Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia touched upon lack of cooperation on the part of major European banks with Iran especially as regards oil deals in the post-JCPOA era and added “however, unlike the past when…
Iranian oil minister has announced that the country’s crude production will rise to 4.5 million barrels per day (bpd) in the current Iranian calendar year (began March 20). Speaking at the second oil and energy congress in Tehran, Oil Minister Bijan Zanganeh described priorities of the industry in the post-JCPOA era adding “crude production capacity…
An NPC official said grounds have been provided for Royal-Dutch Shell oil giant to make direct investment in Iran. Director of Investment at National Petrochemical Company (NPC) Hossein Alimorad pointed to Shell’s plan to return to Iran adding “following the tough sanctions against Iran, the Anglo-Dutch multinational oil and gas company halted its activities in…
Indonesia’s state-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran’s first shipment as a new supplier of LPG to Indonesia. Pertamina Managing Director Dwi Soetjipto welcomed the 44,000 metric tons of LPG transported from Asaluyeh Port in Iran by its VLGC Pertamina Gas 2 vessel,…
India- Iran’s top customer after China — imported about 552,200 barrels per day (bpd) of oil from the Persian Gulf nation in September, more than double the same month a year ago following the end of sanctions on Tehran in January. India’s oil imports from Tehran in January-September grew 90.5 percent to an average 411,900…
The Organization of the Petroleum Exporting Countries (OPEC) says Iran’s oil production has reached a new record high of 3.665 million barrels per day (mb/d). OPEC in a monthly report said it had recorded Iran’s new oil production capacity for September. The country’s production in August stood at 3.634 mb/d, the Organization added in its…
Global energy giant Royal Dutch energy giant Shell has signed a memorandum of understanding (MoU) with the National Petrochemical Company of Iran (NPC) for cooperation in the petrochemical industry. The MoU was signed by NPC CEO Marziyeh Shahdaei and Hans Nijkamp, the head of the department for Iran affairs at Royal Dutch Shell. Nijkamp was…
