Tag Archives | Khuzestan

Video: Anti-Govt Protesters Injured in Khuzestan

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iranian state media says a number of people have been wounded during two days of clashes between police and protesters across the southeastern region of Khuzestan. Eleven people were hurt after unknown gunmen […]

ONGC Videsh, Iran’s IDRO Oil sign accord

By John Lee. India’s ONGC Videsh has reportedly signed a cooperation agreement with Iran’s IDRO Oil (Gostaresh Iranian Oil And Gas Industries Development Company) to jointly bid for a $900-million plan to develop the Susangerd oilfield in Khuzestan province. The field, discovered in 2009, is estimated to hold more than 5 billion barrels of in-place […]

Air Pollution Shuts Schools in Southwestern Iran

Kindergartens and schools in 15 cities of Iran’s southwestern province of Khuzestan will be closed down on Saturday because of heavy dust pollution. The Crisis Management Department of Khuzestan Province, in a statement, announced that kindergartens, as well as primary, secondary and high schools in 15 cities of the province would remain closed on Saturday […]

Zarubezhneft submits Study Result on Iran Oilfield to NISOC

Russia’s Zarubezhneft submitted the result of its studies on Iran’s Shadegan Oilfield to National Iranian South Oil Company (NISOC). Hamid Deris, the NISOC’s director for technical affairs, said his company has so far signed 5 memoranda of understanding (MoUs) with several companies for development of the field of which 3 have so far presented their […]

Iran Plans $3bn Investment to Develop 10 Oil Reserves

The National Iranian South Oil Company (NISOC) is planning a $3 billion investment for developing 10 oil reserves in the country within the next two years. An NISOC official, Abdollah Mousavi, said the company will dip into the National Development Fund of Iran for funding the projects. Addressing the closing ceremony of an exhibition on […]

Major Power Projects in Khuzestan Province

Iran plans to start the construction phase of five major power plant projects in the country’s southwestern province of Khuzesan this Iranian year (ends on March 20, 2018), Energy Minister Reza Ardakanian said. Speaking to IRIB, the energy minister said that these projects would produce 3,600 megawatts (MW) of energy. At present, the province enjoys […]

Pergas Submits Proposal for Developing Irans Karanj Oilfield

Pergas Consortium, a group of international oil and gas companies, submitted its development proposals for Karanj Oilfield, a reservoir in Khuzestan Province. Bijan Alipour, managing director of the National Iranian South Oil Company, made the statement on the sidelines of a meeting with Pergas officials, including Colin Rowley, in Tehran on Tuesday, the National Iranian […]

South Yaran to Commence Early Production

South Yaran is one of jointly owned oil fields in the West Karoun area in southwestern Iran. It has not been talked about too much. However, its development and operation are among priorities of the Iranian Ministry of Petroleum with regard to developing hydrocarbon fields shared with neighboring countries. North Yaran field has already started […]

Pergas Drafting Proposal for 2 Khuzestan Oilfields

Pergas Consortium will submit its master development plan proposal to the National Iranian Oil Company (NIOC) to develop Shadegan and Karanj oilfields in the southern oil-rich province of Khuzestan by July, the group’s managing director said. “The company will allocate $1 billion to expand the fields in the first phase and if required, more money […]

Iran to Launch First New-Style Oil Tender in 4 Wks

A senior Iranian oil official announced that the development of a big oilfield in the southwestern province of Khuzestan will be put to tender for the first time under a new model of oil contracts, known as Iran Petroleum Contract (IPC), within up to four coming weeks. The project to develop South Azadegan oilfield, would […]

Iran’s Steel Output Hits 5.5m Tons in 4 months

Iran has produced over 5.5 million tons of steel in the first four months of 2016, data released by the World Steel Association shows. Iran’s steel production from January to April 2016 stood at 5.57 million tons indicating a growth of 1.5% compared with the same period last year. The Islamic Republic had produced 5.488 […]

S Korea to Build Dam on Iran’s Main River

A major South Korean water service company has signed a contract with Iran to construct a storage dam on the Karun River, southwest of Iran. K-water, a leading South Korean company with expertise in water resources management, is going to build the Karun-2 dam on Iran’s only navigable river. Feasibility studies on the construction of […]

Russia, Iran reach Power Agreement

Mehr News Agency reports that Russia’s Inter RAO – Export LLC has signed an MoU with Iran’s Khuzestan Water & Power Authority to expand the Dez hydro-electric power plant (pictured) by 720 MW. The project will include the construction of an additional turbine hall. The Russian company will also participate in the modernization of Ramin […]

West Ethylene Pipeline Breaks Record in Feedstock Supply

The West Ethylene Pipeline has set a new record in supplying feedstock to 8 petrochemical plants along its way, a petrochemical official said. Ali-Mohammad Bossaqzadeh, director of production control at National Petrochemical Company (NPC), said the pipeline supplies 140 t/h of ethylene to the petrochemical plants which is unprecedented record. Arvand, Qadir, Rejal, Amir Kabir, […]

German Firm to Fund Iranian Wind Farm

By John Lee. A German-Iranian company has reportedly signed an agreement to build a 48-megawatt wind farm in southwestern Iran. Development Environment Arvand Company will fund the 40-million-euros ($46-million) project in the Arvand Free Trade Zone in Iran’s Khuzestan province. Project Manager Frank Riesbeck told Bloomberg that turbine shipments are due to begin in January, […]

Iran, Iraq Discuss Azadegan Oilfield

By John Lee. Iraq’s Ambassador to Iran, Rajeh Saber Aboud al-Moussavi, has said that Tehran and Baghdad are in talks on investment in the joint Azadegan oilfield. The field, situated 80-100 kilometres west of Ahvaz in Khuzestan province, was discovered in 1999, and has reserves estimated at 33 billion barrels. It is already producing 50,000 […]