Iran

Iran can generate $12b from 6 South Pars Projects
Iran

Iran can generate $12b from 6 South Pars Projects

A member of the Iranian parliament says the country can generate up to 12 billion dollars annually from 6 projects of the supergiant South Pars Gas Field in Persian Gulf. Spokesperson of the Parliament’s Energy Committee Asadollah Gharekhani endorsed the Iranian Ministry of Petroleum’s cause to develop the remaining phase developments of the gas field, adding the country can make […]

Iran voices interest in increasing gas export to Azerbaijan
Iran

Iran voices interest in increasing gas export to Azerbaijan

Iran has expressed interest in increasing the volume of its gas exports to Azerbaijan. Voicing Iran’s readiness to increase the gas exports to Azerbaijan, Amirhossein Zamaninia, deputy oil minister for international affairs, described the regional and neighboring countries as the “best trade partners and markets” for Iran. “The talks between Iran and Azerbaijan in this regard have not been finalized […]

French workshop to review latest HSE trends in oil industry
Iran

French workshop to review latest HSE trends in oil industry

 Tehran is hosting a French-Iranian workshop on health, safety and environment in oil industry by late January where the latest trends in the field will be presented to senior oil and energy executives in Iran’s oil industry. Director General of HSE and Passive Defense Directorate of the Iranian Ministry of Petroleum Bagher Mortazavi said the workshop, arranged with the participation […]

S. Korea’s imports of Iranian oil up 29% in 2017
Iran

S. Korea’s imports of Iranian oil up 29% in 2017

South Korea’s imports of Iranian crude oil in 2017 rose 29.1 percent from 2016, customs data showed on Monday. The country imported 18.07 million tons, or 362,884 barres per day (bpd) of Iranian oil in 2017, versus 14 million tons in 2016, Reuters reported. South Korea imported 1.08 million tons or 255,081 bpd of oil from Iran in December 2017, […]

NIOC-Total deal being executed: Iran
Iran

NIOC-Total deal being executed: Iran

Iranian Minister of Petroleum Bijan Zangeneh said the National Iranian Oil Company (NIOC)’s gas deal with French energy giant Total is being executed on schedule and all the project’s tenders, excluding one for drilling operations, have been held. The official said all the contractors, except for one, who have signed in the tenders are domestic companies. In July 2017, Total […]

U.S. ultimatum on nuclear deal, new sanctions draw Iran threat
Iran

U.S. ultimatum on nuclear deal, new sanctions draw Iran threat

Iran said on Saturday it would retaliate against new sanctions imposed by the United States after President Donald Trump set an ultimatum to fix “disastrous flaws” in a deal curbing Tehran’s nuclear program. Trump said on Friday he would waive nuclear sanctions on Iran for the last time to give the United States and European allies a final chance to […]

China stops firefighting operation due to bad weather conditions: NITC
Iran

China stops firefighting operation due to bad weather conditions: NITC

Iran says Chinese government has stopped firefighting operation off China coast, due to bad weather conditions. Firefighting operations to extinguish a burning Iran oil tanker in the East China Sea has stopped by Chinese firefighters due to bad climatic conditions and an explosion on the tanker, National Iranian Tanker Company said. Spokesman of an emergency committee of the Iranian tanker […]

No more gasoline imports in next year on agenda
Iran

No more gasoline imports in next year on agenda

Deputy Minister of Oil Alireza Sadeghabadi said no budget has yet been set for importing gasoline into the country for the next Iranian calendar year, so that gasoline imports will be ceased in this period. Sadeghabadi made the remarks on Sunday night reiterating that, “gasoline imports will be stopped as of the beginning of the next Iranian calendar year.” The […]

Iran Oil Vessel hits Chinese Freight Carrier
Iran

Iran Oil Vessel hits Chinese Freight Carrier

The National Iranian Tanker Company did not confirm reports that say all 32 crew on an Iran oil tanker near China died after the vessel collided with a Chinese freighter on Saturday evening. The company, however, emphasized that search operation for finding the missing crew, including 30 Iranian and 2 Bangladeshi nationals on-board the vessel, continues. An Iranian oil tanker carrying […]

Iran, Georgia Gas Export Deal still Honored: Tehran Says
Iran

Iran, Georgia Gas Export Deal still Honored: Tehran Says

A senior Iranian gas official says Tehran still honors a gas deal it signed with Georgia back in 2016. Hamid Reza Araghi, Iranian deputy petroleum minister for gas affairs, told Shana that Iran is geographically able to send gas to various countries but for exporting gas to Georgia, agreements must be made with Armenia as well. “Armenia’s agreement to swap […]

Iran, France to hold HSE tutorial workshop in oil industry
Iran

Iran, France to hold HSE tutorial workshop in oil industry

An Iranian and French Training Workshop on HSE (Health, Safety and Environment) in the oil industry will be held in Tehran on Jan. 29-30, 2018. The Iranian-French Tutorial Workshop will be held in the presence of France’s most prestigious oil and gas majors in the field of HSE in cooperation with HSE Department and Commercial – International Affairs Deputy Office […]

Iran to soon surpass Qatar in South Pars
Iran

Iran to soon surpass Qatar in South Pars

With phase 14 going fully operational, Iran’s gas production from South Pars giant gas field (which Iran shares with Qatar in Persian Gulf) will surpass the Arab country, operator of the South Pars Phase 14 of development, Hamid-Reza Masoudi, said. “The production from the field is around 500-570 million cubic meters per day (mcm/d) on average and with the phase […]

Iran to start gas production from SP.14 project by February
Iran

Iran to start gas production from SP.14 project by February

Iran says it will start production of natural gas from phase 14 of the supergiant South Pars Gas Field by February. Operator of the project Hamidreza Masoudi said it has progressed by 77% so far and it will be completed with an investment of 6 billion dollars. Addressing reporters following a ceremony to load the offshore project’s platform on Tuesday, […]

Gas condensate exports at over $5b in 9 months
Iran

Gas condensate exports at over $5b in 9 months

Iran exported $5.098 billion worth of gas condensate during the first nine months of the current Iranian calendar year (March 21-Decemeber 21, 2017). Gas condensate accounts for the lion’s share of Iran’s exports during the nine-month period, according to the Islamic Republic of Iran Customs Administration (IRICA). The value of exports from Iran stood at $31.64 billion during the first […]

Iran exports 777 mb of crude oil in 2017
Iran

Iran exports 777 mb of crude oil in 2017

OPEC member Iran exported a total of 777 million barrels of crude oil in 2017.  Most of the crude consignments were destined to European and Asian countries. The country sold an average of 2.13 million barrels of crude per day during the year of which 62% headed to the Asian market and the rest were sold to European customers. China […]