Archive | Oil & Gas

Senergy Working on Oil Deals despite Sanctions

Iran’s Research Institute of Petroleum Industry (RIPI) quotes a representative of the Britiah company LR Senergy as saying that the company has been active in Iran despite the western sanctions, and is in the process of signing new contracts. “We are in the process of signing agreements. The current sanctions regime does not stop us […]

European Unis Link with Iran Energy Research

The Research Institute of Petroleum Industry (RIPI) and DBUII consortium of universities will discuss prospects of research cooperation on the sidelines of the Second International Conference on Technological Opportunities (ICTO) in Oil and Gas Industry which opens in Tehran this week. DBUII, comprising TU-Delft University of Technology in Netherlands, Bergen University in Norway, Ultrecht University […]

Progress at South Pars Phase 19

The operator of the Phase 19 development of South Pars gas field has said that the SPD 19C platform of the phase is now complete, and 500 million cubic feet/day of sweet gas will be supplied to the national gas network to meet domestic demand. The 19C platform can recover one billion cubic feet of […]

$8bn Profit Waiting Iran’s Foreign Investors

President of the Research Institute of Petroleum Industry (RIPI) said international firms and investors will turn a profit of 8 billion dollars after removal of the sanctions against Iran. “It is estimated that with implementation of the (nuclear) Joint Comprehensive Plan of Action (JCPOA), a market worth 8 billion dollars will be before international firms […]

Iran Cabinet Passes New Oil, Gas Contracts Bill

The Iranian cabinet approved the Petroleum Ministry’s draft international contracts by endorsing the general terms, organization, and pattern of the new upstream oil and gas documents introduced as Iran Petroleum Contract (IPC). Increasing of oil and gas production capacity especially in joint fields, adoption of modern procedures, signing contracts with authorized companies in exploration, development, […]

US Firms ‘Likely to Attend’ Oil Contracts Conference

The Managing Director of the National Iranian Oil Company (NIOC) said the US companies are likely to take part in the upcoming conference to unveil Iran’s new oil contracts in Tehran. “There is no clear picture about their participation, but the chance can’t be ruled out,” Rokneddin Javadi (pictured) told Shana. “The government has laid […]

Malaysia’s Petronas Visits Iran

Experts and managers from the Iranian Central Oil Fields Company (ICOFC) and Malaysian oil and gas company Petronas met on Wednesday to exchange ideas and share experiences. The visiting Malaysian delegation presented its experience in the international markets after which participants discussed organizational, training and management procedures. Building on bilateral relations between Iran and Malaysia, […]

Iran-Iraq Joint Summit on Border Patrols

By John Lee. According to a report from Mehr News Agency, the fifth joint summit on border patrolling of Iran’s west provinces and Iraqi border cities has begun in Mehran, Iran, with the presence of the Commander of the Iranian Border Guard Units General, Ghasem Rezaei [Qasem Rezaee] (pictured). The summit will review the security […]

Austrian, Iranian Collaboration

By John Lee. The owner and manager of the Austrian Bertsch Group has said that family-owned Austrian companies have always received warm welcome from their Iranian counterparts because they trust each other. Hubert Bertsch told Shana that the company, which is involved in power plants, waste-heat recovery systems, oil and gas has a long history […]

Linde Group Eyes Return to Iran

By John Lee. The Chief Executive Officer of Germany’s Linde Group has said Iran’s petrochemical industry is in an ‘acceptable’ state, but needs to be upgraded in some areas. In an interview with Shana, Wolfgang Buchele (pictured) told Shana during a Tehran visit in July. “We learned today there is an intention of the Ministry […]

RIPI Launches Semi-Industrial Coker

The Research Institute of Petroleum Industry (RIPI) has launched Iran’s first petroleum coker unit which can process 400 kilograms of pet coke in every production cycle. Attending a ceremony to launch the unit on Tuesday, RIPI Chief Hamid Reza Katouzian hailed the construction of the unit by Iranian industrialists as a technological success for the […]

Russia’s Lukoil to sign MoU with Iran

By John Lee. Russia’s energy giant Lukoil is set to sign an MoU for boosting oil recovery, oil exploration and extraction with Iran, an Iranian deputy petroleum minister says. Cooperation was discussed between Minister of Petroleum Bijan Namdar Zangeneh and Lukoil Chief Executive Vagit Alekperov (pictured) in the wake of a new opening following the […]

Amec Foster Wheeler Gears up for Iran Return

By John Lee. A senior executive at British engineering consultanct Amec Foster Wheeler says the company is carefully watching the progress of Iran’s nuclear deal with world powers in the hope of returning to the country. Garry Dryburgh, Middle East and Africa President, told Shana: “We are watching with interest the implementation progress of the joint […]

Iran to Unveil New Oil Contracts in Nov

The Managing Director of the National Iranian Oil Company (NIOC) has said Iran will introduce its new oil contracts in early November in Tehran. “The first phase of contracts will be unveiled in November in Tehran and a follow-up conference will be held in one or two months in London,” Roknoddin Javadi (pictured) told reporters. […]

Iran signs Development of Esfandiar Oilfield

The Iranian Offshore Oil Company (IOOC) and a Norwegian-Austrian company have signed a preliminary agreement for the development of the offshore Efandiar field, IOOC Managing Director Saeed Hafezi [Saeid Ha’fezi] (pictured) says. “The initial confidentiality agreement has been signed, the MDP (master development plan) prepared and sufficient data exchanged. We are only waiting for the […]

Iran wants Long Term Contracts with China

Iran’s First Vice-President, Eshaq Jahangiri, said on Tuesday that Iran was prepared to boost cooperation with China in the energy sector. In a meeting in Tehran with Zhang Yi, the head of China’s State-owned Assets Supervision and Administration Commission (SASAC), he added that Tehran is ready to sign long term contracts in the oil and […]

Iran, Iraq to Boost Trade

By John Lee. Iranian Economy Minister Ali Tayyebnia said that trade between Iran and Iraq is currently estimated at $12 billion when transit and tourism are taken into account, and that Tehran and Baghdad expect to increase the figure to $20 billion in the near future. The statement followed a meeting with Iraqi Finance Minister […]

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NIOC Opens Office in Iraq

By John Lee. Iran’s Deputy Oil Minister has announced that an office of the National Iranian Oil Company (NIOC) has been officially opened in Iraq. According to a report from Mehr News Agency, Roknoddin Javadi (pictured), who is also the Managing Director of the NIOC, stressed the need to be present in neighbouring countries, adding […]

Iran Targets Oil Exports, Regardless of Price

By John Lee. The Minister for Petroleum, Bijan Namdar Zanganeh (pictured), has reportedly said that Iran will raise its crude output by 500,000 barrels per day just few days after sanctions are lifted, regardless of the effect on the international prices. Iranian news agency IRNA quotes him as telling a press conference: “We are not […]

Iran to Offer 3 Gasfields for Investment

By John Lee. Iran will offer three gasfields to foreign investors at a conference in London in December, according to a report from Reuters. The Managing Director of Pars Oil and Gas Company (POGC) said the gasfields on offer would be North Pars, Golshan and Ferdowsi, adding that Iran is due to unveil its new […]