Monthly Archives - October 2017

OPEC United Against Cheap Oil

TEHRAN, -- OPEC recently decided to extend its hard-won oil output cuts deal for nine more months up to March 2018. The decision by oil producers was adopted at a time the market is faced with supply glut. Due to the oversupplied market, oil prices have been halved in recent years, damaging revenue of oil producers. In addition to the 14-member Organization of the Petroleum Exporting Countries, 11 non-OPEC oil producers including Russia have cut their production since January. This [...]

Gas Export to Europe Difficult but Feasible

TEHRAN, -- As far as energy is concerned, one cannot limit himself to a single viewpoint. Market developments, methods of cooperation with various countries, innovations and forecasts are among services provided by consulting agencies. Established in 1961, Atlantic Council offers consulting services on international issues. It organizes annual conferences on different issues. It last held an energy conference in Istanbul this summer. Representatives of major oil and gas companies, senior analysts and energy officials from a variety of countries [...]

South Pars, Indicator of Iranian Contractors

TEHRAN -- Gholam-Reza Manouchehri has experienced working both in offshore and onshore. He is well familiar with subsea pipelaying and refinery construction. He also knows sanctions and lack of finance. Manouchehri has a brilliant background in companies like Petropars and Iranian Offshore Engineering and Construction Company (IOEC), both involved in the development of South Pars gas field. He is now serving as the deputy managing director of National Iranian Oil Company (NIOC) for development and engineering. The exclusive interview he has [...]

Cooperation & Perseverance: Two Wings of Iranian Petrol

TEHRAN, Nov. 30 – Minister of Petroleum Bijan Zangeneh has taken part in the 171st Ordinary OPEC Meeting which has just started in Vienna. It is the most important OPEC session in the past 40 years. It is also important with respect to the post-JCPOA Iran and its improving economy. Certain regional states are not pleased with such a rosy economy Iran is now possessing. The states try to misportray the achievements of the country, including its JCPOA success, [...]