Archive | Oil & Gas

Iran-Russia Gas Plans Affect World Market

Iranian Oil Minister Bijan Namdar Zanganeh highlighted the far-reaching effects of cooperation with Russia in the gas industry, saying the two countries can determine the international market situation by holding the world’s largest gas reserves. The cooperation between Iran and Russia, ranked first and second in the list of countries by gas reserves, would have […]

Gazprom inks Docs for Cooperation in Iran

A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, has paid a working visit to the Islamic Republic of Iran. In the course of the visit, Alexey Miller met with Bijan Namdar Zangeneh, Iran’s Minister of Petroleum. The parties confirmed their interest in advancing their partnership on a large scale and discussed potential areas of bilateral cooperation. Alexey Miller and Ali Kardor, Iran’s Deputy Minister of Petroleum, CEO […]

Domestic Refinery builds Transformer Oil Recycler

Imam Khomeini Oil Refinery has manufactured a transformer oil recycler to separate water and particles from the oil. Ali Jamshidi, managing director of the refinery, said the machine has been constructed with the aim of maximizing utilization of oil used in transformers of the facility. The machine separates moisture and floating particles from oil. It […]

Iran Boosts Condensate Exporting Capacity

Iran has improved Asalouyeh Gas Condensate Export Terminal so that three vessels can call at the terminal for loading gas condensate (ultralight crude oil) at the same time. Head of the terminal Gholamabbas Heidari said very important measures have been taken in the terminal for facilitating export of the item which include bolstering infrastructures as […]

Tehran, Baghdad sign One-Year Oil Swap Deal

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year. “This is an agreement for one year and then we will see after that […]

Turkmenistan to “Take Gas Dispute with Iran to Arbitration”

Turkmenistan plans to take a dispute with Iran over gas supplies to international arbitration, a report said. Turkmen President Kurbanguly Berdymukhamedov discussed the issue with Myrat Archayev, head of state gas firm Turkmengas, Turkmen state news agency TDH said on Tuesday. Archayev told Berdymukhamedov that talks had fallen through and the Iranian side had proposed […]

Oil Minister Slams Pakistan’s Inaction on Gas Deal

Iranian Oil Minister Bijan Namdar Zanganeh highlighted the problems facing the completion of a long-awaited gas pipeline between Iran and Pakistan, saying that Islamabad has no clear answer about its plans for “the valid gas contract”. Speaking to reporters after his meeting with Hungarian Economy Minister Mihaly Varga, Zanganeh said Hungary has experience in the […]

Iran Plans 15mt/y Methanol Export by 2022

Iran will be exporting 15 million tons/year of methanol by 2022, an Iranian petrochemical official says. Addressing a specialized conference on nitrogen and synthesis gas, Managing Director of Tamin Petroleum & Petrochemical Investment Company (TAPPICO) Mohammad Hassan Peyvandi said Iran has plans to boost its methanol exports and propane production by the next 5 years. […]

Uzbekistan Keen to Invest in Iranian PetChem Projects

Uzbekistan has expressed willingness to invest in Iran’s petrochemical projects, the managing director of Iran’s National Petrochemical Company (NPC) said. Tashkent is eager to make investment in Iran’s petrochemical projects, methanol-to-olefin projects in particular, Reza Norouzzadeh said recently following a meeting with Alisher Sultanov, deputy Prime Minister of Uzbekistan, in Tehran, Shana reported. Two Iranian […]

Iran starts Early Production at South Yaran Oilfield

Iran has started producing 10,000 barrels per day of crude oil from the South Yarn oilfield, which it shares with Iraq. According to the Petroleum Engineering and Development Company (PEDEC), the company’s managing director Nooreddin Shahnazizadeh said 6 wells of the field have become productive, yielding 10,000 b/d of crude in the early production phase […]

Value-chain Completion top NPC Concern

An official with the National Petrochemical Company (NPC) says the company is highly concerned with completion of the value chain in the petrochemical industry of Iran. Addressing a specialized conference on nitrogen and gas synthesis, Farnaz Alavi, director of planning and development at NPC, said given the abundance of natural gas resources in Iran, many […]

Iran to help Equatorial Guinea Oil and Gas Industry

Iranian First Vice-President Eshaq Jahangiri voiced the country’s readiness to boost cooperation with Equatorial Guinea in all economic fields, oil and gas in particular. Speaking at a meeting with Equatoguinean President Teodoro Obiang Nguema Mbasogo, held in Bolivia on Friday on the sidelines of the fourth summit meeting of the Gas Exporting Countries Forum (GECF), […]

Iran to Boost Gas Exports to Iraq

A top Iranian energy official unveiled plans for a rise in natural gas exports to neighboring Iraq next year. In an interview with Tasnim on Saturday, Managing Director of the National Iranian Gas Company (NIGC) Hamid Reza Araqi said the country’s exports of natural gas to Iraq will increase during the spring and summer of […]

Iran, Bolivia Consider Technological Cooperation

Top Iranian and Bolivian officials discussed plans for interaction in diverse technological and industrial projects, particularly in nanotechnology. In a meeting with Bolivia’s president on the sidelines of the fourth summit meeting of the Gas Exporting Countries Forum (GECF) in Santa Cruz de la Sierra on Friday, Iran’s First Vice-President Eshaq Jahangiri said the Islamic […]

Iran’s First VP to Attend 4th GECF Gas Summit

Iranian First Vice-President Eshaq Jahangiri left Tehran for Santa Cruz de la Sierra, Bolivia, to attend the fourth summit meeting of the Gas Exporting Countries Forum (GECF). During his stay in Bolivia, Jahangiri is expected to hold bilateral meetings with members of other participating countries on a range of issues, including gas and energy ties. […]

Why UK-US Divide on Iranian Nuclear Deal Matters

By Kasra Aarabi for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iran Business News.  European powers, most notably Britain, have rebuffed US President Donald Trump’s Oct. 13 refusal to certify that the landmark nuclear agreement with Iran meets congressional requirements. Issuing a joint […]

Total “Cannot Withdraw Capital” from Iran Gas Deal

Iranian Minister of Petroleum Bijan Zangeneh says Total S.A.‘s capital in a contract with Tehran to develop Phase 11 of the South Pars Gas Field will stay in Iran in case the French energy major walks away from the deal without any UNSC sanctions. The official said: “If Total walks away from the deal without […]

RIPI signs deal with Germany’s Raschig

Iran’s Research Center of Petroleum Industry (RIPI) has signed a memorandum of understanding (MoU) with Germany’s Raschig for technology transfer and training. The deal was signed on Monday by Mansour Bazmi, head of RIPI’s technology and international relations department, and Michael Schultes, the company’s Technical Director, at RIPI’s headquarters in Tehran. The deal concerns RIPI-Raschig […]

Iran Looking for New Oil Customers in Europe

An Iranian deputy oil minister unveiled plans for a rise in crude exports to Europe by finding new customers. Speaking to Tasnim, Marzieh Shahdaei said the Oil Ministry is negotiating with new European customers as part of policies to increase crude oil exports to the continent. With the conclusion of the business talks, Europe’s share […]

Isfahan hosts Iran-Austria Energy Committee

Iran’s central city of Isfahan hosted the 4th Iran-Austria Energy Committee on Tuesday, November 21, 2017. The event was held in line with the Iran-Austria economic cooperation roadmap for a 5-year period (2016-2020). The Iranian delegation attending the committee was headed by Hossein Esmaeili, director of Europe, US and Caspian Neighbors Department of the Iranian […]