Economy of Resistance: Production and Job Creation
2017 22 July Fa

PEDEC NEWS ARCHIVE

Iran, Japan’s Toyo Signs Deal to Boost Output At Offshore Field

18 / 07 / 2017

TEHRAN (PEDEC) _ The National Iranian Oil Company (NIOC) signed on Monday a Memorandum of Understanding (MoU) with a consortium that includes Japan’s engineering group Toyo to revamp the facilities and upgrade gas production at the Salman field in the Persian Gulf. Iranian company Petropars is also part of the consortium. Based on the MoU, […]

South Korea’s Iran Crude Imports for June up 10.5 % year-on-year: Reuters

17 / 07 / 2017

TEHRAN (PEDEC) _ South Korea imported 1.2 million tonnes of crude oil from Iran in June, up 10.5 percent from a year ago, preliminary data from Korea Customs Service showed on Saturday. That is equivalent to 8.4 million barrels, according to a Reuters calculation. The world’s fifth-largest crude buyer imported a total 11.6 million tonnes […]

Intl. Firms Negotiate $200 Billion of Oil Deals in Iran

15 / 07 / 2017

TEHRAN (PEDEC) _ Asian and European companies are negotiating participation in Iran’s oil and gas development projects which need $200 billion worth of investment, Minister of Petroleum Bijan Zangeneh says. Iran looks to absorb 65% to 70% of this sum from abroad, the minister told Iran’s Parliament where he was to answer questions about a […]

West Karoun Oil Field Production Reach 368000 bpd:Official

10 / 07 / 2017

TEHRAN (PEDEC) _ Iran currently produces 290’000 barrels of crude oil per day, the figure which is going to witness an increase of 78000 barrels bpd, the managing director of Iran’s Petroleum Engineering and Development Company (PEDEC), Noureddin Shahnazizadeh said. Holding a press conference for the latest achievement of the West Karoun oil fields, Shahnazizadeh […]

22nd World Petroleum Congress Kicks off in Istanbul

10 / 07 / 2017

TEHRAN (PEDEC) _ The 22nd World Petroleum Congress (WPC), the largest meeting of the oil and gas industry starts on July 9, with a high-level official opening ceremony at the Istanbul Convention Center (ICC) under the auspices of the Presidency of the Republic of Turkey. With the theme of the Congress “Bridges to our energy […]

Azadegan Oil Field Tender Officially Begins: Min

07 / 07 / 2017

TEHRAN (PEDEC) _ The tender for the key Iranian joint oil field “Azadegan” has currently been underway and no speculation on which of the participating foreign and domestic firms would lucky to win the oil field is right, Iranian oil minister, Bijan Zanganeh said. Declaring that there are several firms which has been officially invited […]

Iran, France’s Total Sign Deal to Develop South Pars Phase 11

03 / 07 / 2017

TEHRAN (PEDEC) _ Iran’s National Oil Company signed a multi-billion-dollar agreement with French energy giant Total on Monday to develop the phase 11 of South Pars gas field, the first and the biggest deal in POST-JCPOAand since the sanctions were eased last year. The international agreement was signed in the presence of the oil ministry […]

Iran to Sign New Gas Deal with Total for South Pars Development

03 / 07 / 2017

TEHRAN (PEDEC) _ Iran is to sign a new contract to develop its giant South Pars gas field with France’s Total and China’s CNPC today (Monday), the first major Western energy investment since sanctions against Tehran were removed. A spokesman for Total confirmed the company will sign the contract to produce gas for the Iranian […]

Iranian Crude Imports by Asian buyers surge in Jan.-May

02 / 07 / 2017

 TEHRAN (PEDEC) _ Iranian crude imports by the main Asian purchasers upped more than 30 percent in the first 5 months of 2017, government and ship-tracking data suggested. China, India, South Korea and Japan – Iran’s top four Asian buyers – purchased 1.765 million barrels per day (bpd) in the 5-month period, up from 1.353 […]

Iran begins exporting natural gas to Iraq

23 / 06 / 2017

Tehran, June 22, IRNA – Iran began exporting its natural gas to the neighboring Iraq on Wednesday evening, Deputy Petroleum Minister for International Affairs Amir Hossein Zamaninia says. According to Zamaninia, at the preliminary stage, volume of the natural gas exported to Iraq, stands at approximately seven million cubic meters per day, he said. This […]

Wintershall, Gazprom eyeing Iran partnership

23 / 06 / 2017

Germany’s biggest oil and gas company Wintershall says it is looking into a plan to collaborate with Russia’s energy giant Gazprom over projects in Iran. The announcement was made by Thilo Wieland, a member of Wintershall board responsible for exploration and production in Russia, Libya, South America. “Our partnership with Gazprom is based on trust, […]

U.S. oil output rise drops prices: Zanganeh

23 / 06 / 2017

Iranian Oil Minister Bijan Namdar Zanganeh has blamed an increase in the U.S. oil production for the plunge in global prices of crude oil. “The U.S. has increased production by 900,000 barrels per day. This increase was unpredictable and was more than what OPEC members had foreseen,” Shana quoted Zanganeh as saying on Wednesday. “We […]

Total hails new format of Iranian oil deals

22 / 06 / 2017

Total Chief Executive Patrick Pouyanne who is preparing to sign a major gas contract with Iran has hailed the country’s new format of oil sector agreements as “a real improvement”. Pouyanne told Reuters in an interview that the terms of Iran’s new oil sector agreements were “significantly better” than those for the country’s previous format […]

Total investment in Iran having message to US Congress: Expert

22 / 06 / 2017

An expert on international affairs and a member of the Graduate Institute of International Studies, Geneva, Reza Nasri said Total investment in Iran in spite of US Senate new sanctions on Iran shows that Iranian market is still worthy of investment. He wrote in his Telegram channel, ‘In spite of the fact that the US […]

Total hails new format of Iranian oil deals

22 / 06 / 2017

Iran has blamed a recent rise in US oil production for the plunge in global prices of crude oil. Iran’s Petroleum Minister Bijan Zanganeh told reporters on Wednesday that the US had increased its oil production by 900,000 barrels per day. This, he said, was way beyond what the Organization of the Petroleum Exporting Countries […]