Economy of Resistance: Production and Job Creation
2017 18 November Fa

PEDEC NEWS ARCHIVE

NIOC, Gazprom sign LNG deal

11 / 11 / 2017

TEHRAN (PEDEC) – Russia’s gas giant, Gazprom signed a initial agreement with the National Iranian Oil Company (NIOC) that visualizes cooperation over the production of liquefied natural gas (LNG). As the official website of Gazprom announced, this would be part of a larger plan for cooperation that concentrates on the development of Iran’s gas fields […]

Total to conform to any US sanctions on Iran: CEO

05 / 11 / 2017

TEHRAN (PEDEC) – Total has opened an office in Washington to coordinate its operations in Iran where the French oil and gas major plans to develop Phase 11 of the giant South Pars gas field. On Thursday, Total CEO Patrick Pouyanne stated that his company would comply with any sanctions on Iran. Iranian officials, he […]

Asian imports of Iranian oil hit highest in six months

01 / 11 / 2017

TEHRAN (PEDEC) – Imports of Iranian crude by major buyers in Asia rose in September for a third straight month to their highest since March, boosted by a surge in purchases in China and South Korea. China, India, South Korea and Japan imported slightly more than 1.9 million barrels per day (bpd) last month, up […]

Iranian crude exports to Russia to start soon: Oil Minister

29 / 10 / 2017

TEHRAN (PEDEC) _ Iran’s crude oil exports to Russia under an oil-for-goods barter scheme will begin “in the near future,” Deputy Minister of Petroleum Ali Kardor said on Saturday. He said banking problems related to the exports of Iranian oil to Russia had been resolved, making it possible to open letters of credit (LCs). Iranian and Russian officials […]

Yadavaran oil production more than 100 mln bpd

25 / 10 / 2017

TEHRAN (PEDEC) _ The production of oil at the joint Yadavaran field reached 100 million and 60 thousand barrels. Noting the first phase of the development on the daily production basis of 85,000 barrels of oil in the field, Hadi Nazpour, the project manager of Yadavaran oil field development stated that about 112,000 barrels of […]

Iran oil exports record 8-month rise

14 / 10 / 2017

TEHRAN (PEDEC) _ Market figures show Iran’s exports of crude oil have reached the highest level since February. Figures released by Bloomberg show that Iran shipped 2.28 million barrels a day (mb/d) of crude oil to international markets in September. The rise came as Iran – together with Iraq that exported 3.98 mb/d last month […]

Iran’s exports steady as US aims at oil profits

08 / 10 / 2017

TEHRAN (PEDEC) _ Iran exported 2.25 million barrels per day (bpd) of crude oil to customers in Asia and Europe in September, data released by the Ministry of Petroleum showed on Saturday. The country also shipped 430,000 bpd of condensate to its clients in Asia where South Korea alone took half of the cargoes of […]

IEA named Iran world’s third largest natural gas producer

25 / 09 / 2017

TEHRAN (PEDEC) _ Iran has been named the world’s third largest natural gas producer in 2016, the International Energy Agency (IEA) said in its latest. The IEA in its report said Iran had produced 190 billion cubic meters (bcm) of gas last year which it said was 5.3 percent of world’s total. The agency in […]

Iranian crude oil exports mounting as joint fields get a boost

23 / 09 / 2017

TEHRAN (PEDEC) _ Iran’s crude oil production is more than 3.8 million barrels per day, which according to plans will rise to 4.96 million by the end of the year (in March 20, 2018), Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said. Further increases in production capacities will occur in the […]

Petrobras eying for oil in Iran’s share of Caspian Sea

23 / 09 / 2017

TEHRAN (PEDEC) _ Brazil has voiced interest in looking for hydrocarbon reserves in the Iranian share of the Caspian Sea. This was announced by Brazil’s Ambassador to Tehran Rodrigo de Azeredo Santos in a meeting with Yousef Etemadi, the acting managing director of Iran’s Khazar Exploration and Production Company (KEPCO). Santos emphasized that Brazil’s Petrobras […]

Shell, NIOC meet to discuss development of Iran Gas Field

16 / 09 / 2017

TEHRAN (PEDEC) _ Anglo-Dutch oil giant Royal Dutch Shell met with officials from the National Iranian Oil Company (NIOC) to discuss the development project of Iran’s Kish gas field. A delegation from Shell headed by Hans Nijkamp, Shell’s VP in Shell Upstream International, Middle East and North Africa, met with Gholamreza Manouchehri, deputy for development […]

Iran’s oil minister: OPEC compliance with output pact increasing

05 / 09 / 2017

TEHRAN (PEDEC) _ OPEC members’ compliance with the agreement to reduce output has improved in recent months, Iran’s oil minister said on Monday, noting that unofficial talks were underway among the oil producing countries to extend the cuts next year. Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd, […]

Iran’s Condensate Exports Rise 18 Percent

04 / 09 / 2017

TEHRAN (PEDEC) _ There has been an increase of 18 percent in exports of Iran’s condensate to global markets, saying its exports of the ultra light fuel over a period of five months starting 21 March 2017, have exceeded 90 million barrels. Masoud Hassani, the managing director of South Pars Gas Complex (SPGC) which is […]

Russian Gazpromneft Submit its Proposed Plan to Develop two Iranian Fields

30 / 08 / 2017

TEHRAN (PEDEC) _ Russian Gazpromneft has submitted its proposed plan to develop the two fields of Changouleh and Cheshmeh Khosh on Monday. Amir Hossein Zamaninia Deputy Minister of Oil at international affairs and commerce had a meeting with Gazpromneft’s deputy manager in which the both party discussed the proposed development plan. The Russian company’s plan […]

Lukoil, Pertamina Proposed plans to Develop Mansouri Oil Field Reviewed

30 / 08 / 2017

TEHRAN (PEDEC) _ The Russian Lukoil and Indonesian Pertamina’s proposed plans to develop bangestan reservoir of Mansouri oil field have been reviewed in Supreme Council of Reserves of National Iranian Oil Company. The Council made comments on the plans of the two companies and the improvement of the quality of the study and the reduction […]