Economy of Resistance: Production and Job Creation
2017 25 April Fa

PEDEC NEWS ARCHIVE

Iran says Total to finalize South Pars deal within weeks

24 / 04 / 2017

Iran says it expects France’s Total to finalize an agreement over the development of a key natural gas project in the country’s south in less than a month. Amirhossein Zamaniniya, Iran’s deputy petroleum minister for international affairs and trading, was quoted by domestic media as saying that Total had been waiting to see whether there […]

New Discoveries May Improve Iran Rank in Holding Oil Reserves

24 / 04 / 2017

New crude oil discoveries in the Persian Gulf may bring Iran’s rank among holders of the biggest oil and gas reserves in the world, a senior energy official said. Managing director of Fuel Conservation Company of Iran Ali Vakili said a golden triangle of oil deposits has been recently discovered in the Persian Gulf which […]

Signals of OPEC-non-OPEC Cut Extension Positive: Iran

23 / 04 / 2017

Iranian Minister of Petroleum Bijan Zangeneh said oil producing countries at the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers have sent out positive signals regarding extension of the OPEC-non-OPEC output cut plan. Speaking on Saturday, the official said OPEC and non-OPEC oil suppliers have shown willingness to keep managing the oil market. […]

Sanctions not Retroactive–No Worries for Investors in Iran: Official

23 / 04 / 2017

A senior Iranian oil official advised foreign investors willing to step in the country not to worry about investing in Iran, saying embargoes are not retroactive and do not affect previously sealed deals. Addressing the opening ceremony of the 13th Iran Petrochemical Forum here in Tehran on Saturday, Amir Hossein Zamani Nia, deputy petroleum minister […]

Azar Oilfield Output to Reach 30,000 bpd

22 / 04 / 2017

Production from Azar Oilfield in the southern Ilam Province is slated to double in May, said Keyvan Yarahmadi, who oversees the development of field at the Petroleum Engineering and Development Company. “Crude oil output from Azar field will reach 30,000 barrels per day in four weeks from the present 15,000 bpd,” Yarahmadi was quoted as […]

NIOC Seals Oilfield Study MoU with Iranian Firm

20 / 04 / 2017

The National Iranian Oil Company (NIOC) has signed a memorandum of understanding (MoU) with Ghadir Investment Company (GIC) for carrying out studies over oil and gas fields in Iran. Based on the deal, the latter with carrying out studies over Kisha, Sepehr, Jofeir and phase III of Darkhowin oil and gas fields. The two companies […]

Oil Majors Present Development Plans for Iranian Oil Projects

20 / 04 / 2017

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company for developing oil and gas reservoirs, chief executive officer of the NIOC said on Tuesday. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]

New Oil Contracts Will Rouse Iran’s Job Market

20 / 04 / 2017

New contracts in the oil and gas sector can create thousands of jobs and resuscitate the  economy which is reeling from international financial and trade restrictions, says Bijan Namdar Zanganeh, the oil minister. “At least 100,000 direct and indirect jobs will be created this year if oil contracts are signed and activity picks up in […]

South Pars daily output to reach 630mcm by Mar. 2018: Zanganeh

19 / 04 / 2017

Daily production in Iran’s South Pars gas field will reach 630 million cubic meters (mcm) by the end of current Iranian calendar year (March 20, 2018), Shana quoted Oil Minister Bijan Namdar Zanganeh as saying on Monday. The minister also referred to production of gas in South Pars as one of the prioritized plans of […]

NIOC Invests $65m in Oil Region Infrastructure

19 / 04 / 2017

Almost $65 million (2.5 trillion rials) has been invested in infrastructure projects in the southern oil and gas regions, Ali Kardor, the chief executive officer of National Iranian Oil Company said. “Plans call for investing 3.4 trillion rials ($90 million) in services and infrastructure in oil-producing regions. Despite financial constraints, 2.5 trillion rials has been […]

Iran South Pars Revenues Hit $191b: Official

19 / 04 / 2017

Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from the supergiant South Pars Gas Field, adding the recovery has fetched Iran over 191 billion dollars in revenue. Addressing a ceremony to inaugurate 6 development phases of the gas field […]

South Azadegan Crude Output Hits 80k b/d

17 / 04 / 2017

Iran has brought oil recovery from South Azadegan oilfield, shared with Iraq, to 80,000 barrels per day after years that its output was stuck in the 50,000 b/d range. According to Petroleum, Engineering and Development Company’s (PEDEC) Public Relations (PR), quoting from SHANA, the operator of the field’s development project Touraj Dehghani said production from […]

Joint Comprehensive Plan of Action, New Oil Contracts in SP

17 / 04 / 2017

Iranian Minister of Petroleum Bijan Zangeneh says Iran’s industrial breakthroughs in the supergiant South Pars Gas Field shows the world the country’s resistance and industrial might. Addressing a heated press conference on Sunday ahead of the historic inauguration of gas and petrochemical mega projects in Assalouyeh, southern Iran, the official said launching of the projects […]

Iran Inaugurates SP Projects

16 / 04 / 2017

Iran has officially inaugurated several mega projects in its natural gas hub of South Pars – projects that can put the country in the lead over production from a giant field that it shares with Qatar. The projects included South Pars Phases 17 and 18, Phase 19, as well as Phases 21 and 22. They […]

Iranian Oil Minister on South Pars Inauguration: Environment, MoP’s Top Priority

16 / 04 / 2017

Iranian Oil Minister, Pointing out to objectives of resistive economy in South Pars, said: “South Pars is a symbol of Economy of Resistance in the country.” According to Petroleum, Engineering and Development Company (PEDEC) Public Relations (PR), quoting from NIOC, Bijan Zangeneh last night (on April 15) on the eve of the official inauguration of […]