Archive | Oil & Gas

Wintershall, Gazprom eyeing Iran Partnership

Germany’s biggest oil and gas company Wintershall says it is looking into a plan to collaborate with Russia’s energy giant Gazprom over projects in Iran. The announcement was made by Thilo Wieland, a member of Wintershall board responsible for exploration and production in Russia, Libya, South America. “Our partnership with Gazprom is based on trust, […]

Iran Begins Exporting Natural Gas to Iraq

Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia announced that the Islamic Republic has started exporting natural gas to neighboring Iraq. The exports of natural gas to the Arab country began on Wednesday night, the Iranian deputy oil minister said. Zamaninia also said the exports started with 7 million cubic meters (mcm) of […]

Eni to Study Iranian Oil and Gas Fields

Italy’s oil giant Eni has signed a Memorandum of Understanding (MoU) with the National Iranian Oil Company (NIOC) to carry out initial studies on the development of an oil field and a gas field in Iran, a report said. Eni and NIOC inked the agreement on Tuesday in Tehran whereby the Italian firm will study […]

Iran Proposes Visa-Free Regime with Iraq, Trade in Own Currencies

Iran’s first vice-president put forward a proposal to lift visa requirements for the Iranian and Iraqi travelers, and also called for trade exchanges between the two countries using their own currencies, namely rial and dinar. Addressing a meeting of high-ranking delegations from Iran and Iraq, attended by the visiting Iraqi Prime Minister Haider al-Abadi and […]

Total to Make $1bn Investment in Giant Iranian Gas Field

The chief executive of Total confirmed that the French oil major will go ahead with development of phase 11 of the huge South Pars gas field in southern Iran this summer, saying it would make an initial $1 billion investment in the field. “It is worth taking the risk at $1 billion because it opens […]

Iran will Sign New Oil Deals Worth $15bn

Managing Director of the National Iranian Oil Company Ali Kardor announced that the NIOC will sign several multi-billion-dollar crude contracts with foreign countries to develop the country’s energy fields. “We estimate to conclude new oil contracts with international companies valued at $15 billion,” Kardor, also Iranian Deputy Oil Minister, said. He, meantime, pointed to the […]

Iran Petchem Holding Talks with Japan for Tech Transfer

Iran’s Parsian Oil & Gas Development Group Co. (PODGC) is holding talks with a Japanese company for receiving the technical savvy for production of ethylene glycol from natural gas, PODGC director said. Mohammad Ebrahim Yousef Zadeh said the item is produced based on ethylene which is a pretty costly raw material for ethylene glycol production. […]

Tehran, Vienna See Oil, Energy Cooperation Opportunities

Austrian finance minister met Iran’s minister of petroleum in his Tehran office to discuss cooperation avenues in oil and gas projects. Hans Jorg Schelling met Iranian Minister of Petroleum Bijan Zangeneh in Tehran on Sunday at the head of a high-profile economic delegation. Also accompanying Mr. Schelling was Austrian Ambassador to Tehran Friedrich Stift. Enhancing […]

Iran, S. Korea Seal LNG Deal

Iran and South Korea have signed a technological cooperation agreement to for jointly developing small liquefied natural gas units. The 4-year deal concerns developing the technical savvy needed for construction of ISO containers for LNG units by consotriums from Iran and S. Korea, said Saeid Pakseresht, director of research and technology at the National Iranian […]

Zangeneh Prioritizes NIOC Projects for This Year

Iran crude oil output should stabilize at 4 million barrels per day by the end of the current fiscal in March 2018. Restoring relations with oil majors and raising crude production top Iran Oil Ministry’s priority list, Bijan Namdar Zanganeh, the oil minister, said. In a letter to Ali Kardor, managing director of the National […]