Tag Archives | shared oilfields

Iran, Iraq agree on Development of Joint Oilfields

Iran and Iraq have reached an understanding on the joint development of the Naft Shahr and Khorramshahr oilfields, Iranian Minister of Petroleum Bijan Zangeneh has announced. Speaking on Sunday, during a visit to the Energy Industries Engineering and Design (EIED), an affiliate to the Oil Industries’ Engineering and Construction (OIEC), the official said: “There are […]

An Integrated Approach for Iraq/Iran Border Fields

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. An Integrated Approach for Investment in Joint Development-Unitization for Iraq/Iran Border Petroleum Fields & Exploration Blocks This article provides brief note in panel discussion and abstract of a keynote PowerPoint presentation prepared […]

Increasing Production from Joint Fields, Iran’s Priority

Iranian Oil Minister Bijan Zanganeh made assurances that his ministry is determined to increase oil and gas production from joint fields with neighboring countries. Speaking to reporters in Tehran on Sunday, Zanganeh pointed to the country’s gas production in the South Pars gas field and said during the Iranian month of Dey last year (December […]

Iraq to Invest in Joint Oil Projects with Iran

Iraq’s Oil Minister Jabbar al-Luaibi says an agreement will be signed with Iran soon to jointly invest in two oil fields shared between the two countries. Luaibi did not specify which fields were concerned and when the agreement would be signed. Nevertheless, it would be a groundbreaking move in the history of economic cooperation between […]

Crude Oil Production at Azar crosses 4m Barrels

Iran’s production of crude oil at Azar Oilfield, shared with neighboring Iraq, has exceeded 4 million barrels, operator of the field says. Behzad Mohammadi, managing director of Oil Industries’ Engineering and Construction (OIEC), told a meeting of representatives of Iranian E&P companies in Tehran on Wednesday, said production of the fields has been fixed at […]

DNO Submits Plan for Changouleh Oil Field

The National Iranian Oil Company (NIOC) has received a proposal from Norway’s DNO oil and gas operator for the development of Changouleh Oil Field, a major one in western parts of the country. Gholam-Reza Manouchehri, the deputy for development and engineering affairs of NIOC confirmed that DNO’s proposed plan for the development of Changuleh oil […]

Iran, Iraq in Joint Energy Cooperation

Iran and Iraq have stated a new round of discussions to promote cooperation in the energy field. The talks were led by Iran’s Petroleum Minister Bijan Zanganeh and his visiting Iraqi counterpart Jabbar al-Luaibi in the Iranian capital Tehran. Top on the agenda of their meeting included developing the oil fields that the two countries […]

Iran Starts Pumping Oil from Azar Joint Oilfield

Iran on Tuesday, March 14, began pumping 15,000 barrels/day of crude oil from Azar Oilfield which it shares with Iraq. Early production from the field, located in the border city of Mehran, began in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh. Azar Oilfield development project is aimed at production […]

VP: Work on Joint Oilfields Iran’s Top Priority

Iran’s First Vice-President Eshaq Jahangiri referred to development of the oil and gas fields that Iran shares with the neighbors as a top priority in the ‘Resistance Economy’ agenda. When it comes to the energy industry in the context of Resistance Economy, the Iranian administration focuses on joint oil and gas resources, Jahangiri said in […]

Iraq, Iran agree to Resolve Dispute on Joint Oil Fields

By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  On Feb. 20, the Iraqi Oil Ministry signed a memorandum of understanding with the Iranian Oil Ministry to settle disputes over the joint oil fields and examine the possibility of building […]

$1.5bn Govt Bonds to Develop Joint Oil, Gas Fields

The Iranian parliament approved a legislation that grants the oil ministry permission to sell more than 1.5 billion dollars in bonds for the development projects of oil and gas fields shared with neighboring countries. In an open session of the parliament on Saturday, the Iranian lawmakers approved an article of the budget bill of the […]

Parliament to look into “Information Leak” by Total

he Iranian parliament’s Energy Commission plans to check the accuracy of reports suggesting that the French energy giant Total has leaked secret information about Iran’s South Pars gas field to Qatar, the spokesman for the commission said. Speaking to the Tasnim News Agency, Asadollah Qarakhani said the Energy Commission will look into reports about leakage […]

1st FPSO Vessel to Recover Oil from South Pars

1st FPSO Vessel in Iran’s Waters to Recover Oil from South Pars The first vessel of Floating Production, Storage and Offloading (FPSO) unit has entered Iran’s territorial waters to recover oil from the country’s giant South Pars gas field in south, the managing director of Petro Iran Development Company (PEDCO) said. “The $300-million FPSO unit […]

6 South Pars Platform Operational in 2017-18

Iran says it will launch 6 more offshore platforms belonging to the supergiant South Pars Gas Field in the Persian Gulf during the next Iranian calendar year starting on March 21. Managing director of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said the platforms will be installed at the remaining phases of the gas […]

Japan’s Inpex to Study Major Iranian Oil Field

Inpex Corporation, Japan’s top energy developer, has signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to carry out studies on the development of the South Azadegan oil field, located in the southwestern province of Khouzestan, a report said. Inpex is a strong candidate for the project after signing an MoU […]

Russia Signs Deal to Develop Iranian Oil and Gas Fields

High-ranking officials from Iran’s oil ministry and the giant Russian oil and gas company Gazprom have signed a major deal on Tuesday to promote cooperation in the development of two oil fields in western Iran. In a ceremony on Tuesday attended by Iranian Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak, the […]

Thai Company to study Iranian Oil Fields

By John Lee. The National Iranian Oil Company (NIOC) and Thailand’s PTT Exploration and Production (PTTEP) have signed a memorandum of understanding on Tuesday to carry out preliminary studies of three oil fields in Iran: Changuleh, Balal and Dalamperi. The Ministry would then evaluate the company’s findings and decide whether to award the project development […]

Azadegan Oil Field to Be Put Out to Tender

The deputy head of the National Iranian Oil Company (NIOC) said the country plans to put the development of the South Azadegan oil field out to tender, dismissing reports that the project will be awarded to France’s oil giant Total without its participation in the bid. “The NIOC has no intention to entrust the development […]

Iran Signs NDA with Zarubezhneft

Iran has signed a basic non-disclosure agreement with Russia’s state-owned energy giant Zarubezhneft over two western oil fields. Based on the agreement, the Russian company will study West Paydar and Aban oil fields and will present its proposals to increase the recovery rate of both fields to the National Iranian Oil Company (NIOC). NIOC Managing […]

Yadavaran Crude Production at 95,000 bpd

Iran is currently recovering 95,000 barrels of crude oil per day from Yadavaran oil field of which 75,000 bpd is light crude oil. Operated of the field’s development project, Hadi Nazarpour told Shana that the field’s first phase development was being carried out for production of 85,000 bpd while in practice its output exceeds 95,000 […]