Time has been ticking for South Pars 19th phase since the construction phase and now it would contribute to national gas production a hefty amount of 14 million cubic meters daily. Pars Oil and Gas Co. public relations office informed Mehr News on Tuesday that only days had to be elapsed so that the 19th…
An official at NIOC said Iran has begun crude sales to British companies as the first one-million-barrel shipment was delivered to British Petroleum. Seyyed Mohsen Ghamsari touched upon resumption of oil exports to British firms in the post-JCPOA era saying “so far, two crude oil and gas condensate cargos have been sold to two companies…
Managing Director of National Iranian Oil Company Ali Kardor said on Monday that NIOC has been able to achieve the target of four million bpd output in the wake of lifting the sanctions. He made the remarks in his speech to a group of the Petroleum Ministry officials. Kardor said that Iran has been able…
Iran has signed a memorandum of cooperation with two Japanese firms to reduce fuel oil production at Bandar Abbas oil refinery. Reducing the share of fuel oil from the current 30 percent to less than 10 percent marks one of the key policies pursued in Iran’s crude refining industry in the post-JCPOA era. Accordingly, numerous…
An official has said more than 76 million barrels of gas condensate have been exported from South Pars phases in the current Iranian year (began March 20). Masoud Hassani, Managing Director of South Pars Gas Complex, referred to the latest status of gas condensate production and exports at South Pars phases explaining “in the first…
Iran’s August crude oil exports jumped 15 percent from July to more than two million barrels per day (mbd), according to a source with knowledge of its tanker loading schedule, closing in on Tehran’s pre-sanctions shipment levels of five years ago. The No. 3 OPEC producer has more than doubled its crude exports, excluding the…
Deputy oil minister announced that Iran has achieved the technical knowledge to produce polypropylene as a strategic petrochemical product. Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei pointed to opening and official operation of the first semi industrial polypropylene manufacturing unit in the country’s petrochemical industry saying “the new unit aims to produce an…
Iran has exported about 8 million barrels of crude oil from North Azadegan oilfield since the beginning of current Iranian calendar year (March 20), Shana quoted Keramat Behbahani, the operator of project for developing the oilfield, as saying on Tuesday. North Azadegan is one of the five oilfields, dubbed the West Karoun oilfields, Iran shares…
Iran’s Tasdid Offshore Development Company (TODC) signed the deal on Sunday which envisages the construction of the drilling rigs over a two-year period in the port city of Khorramshahr, the company’s Managing Director Ehsanollah Mousavi said, reported Press TV. The project will be financed jointly by Russia and Iran, and put the Islamic Republic among…
An oil official has announced that Vitol S.A. of Switzerland is likely to purchase Russian crude to be swapped through Iran’s largest oil terminal in the Caspian Sea. Despite the seven-year hiatus in oil swaps among Caspian Sea littoral states through Iran’s route, the process has not been resumed yet though negotiations are still underway…
