Iran to host Int’l Oil Showcase in Kish Island

TEHRAN, Jan. 21 (Shana) -- Iran is planning to hold the 14th International Oil and Energy Exhibition in Kish Island from January 22 through 25. The showcase will put on display the latest investment opportunities in Iran's oil and energy industry and exhibit the country's latest achievements in oil, gas, power generation, petrochemical industries and renewable energies. The role of the new tools of international insurance in foreign investment and the introduction of a certification body for the Iranian Oil [...]

Petroleum Minister Visits South Pars Refining Facilities

TEHRAN, Jan. 22 (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh visited the gas refining facilities of phases 12, 14, 22, 23 and 24 of the supergiant South Pars Gas Field on Monday. The official was accompanied by members of the Iranian Parliament's energy committee and learned about the latest developments in the projects. Iran currently produces 550 million cubic meters of natural gas from the offshore gas field which it shares with Qatar. OPEC-member Iran has so far invested over [...]

NIGC ready to Lay Land Section of Iran-Oman Gasline project: CEO

TEHRAN, Jan. 13 (Shana) – National Iranian Gas Company (NIGC) says the company is ready to get off the ground the land section of Iran-Oman gas pipeline project. Hamid Reza Araghi, NIGC managing director, "Based on the talks between Tehran and Muscat for developing the project, besides building the necessary infrastructure for exporting Iranian gas to Oman in the maritime sector, implementation of the land section of the project has been entrusted to Iran, and we are ready to implement [...]

Bodies of two Iranian Tanker Crew members found

TEHRAN, Jan. 13 (Shana) – Iran says Chinese relief and rescue teams have located bodies of two of the Oil tanker Sanchi. Managing director of the National Iranian Tanker Company (NITC) Sirus Kianersi told IRNA that the bodies were found on Saturday morning, adding the Chinese rescue and firefighting teams had to halt their operations due to emission of toxic gasses and lack of oxygen in the vicinity of the still-burning tanker. The identity of the persons is not clear yet, [...]

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, [...]