Resistive Economy in Action
2017 24 March Fa


30,000 bpd from Azar by May 21, 2017

15 / 03 / 2017

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 […]

Azadegan Oil Project Tender Soon

15 / 03 / 2017

“Companies ready for tenders are shortlisted and a competitive tender for choosing developers of the Development Project of Azadegan Oilfield will be held soon,” Iranian Minister of Petroleum, Bijan Zangeneh, visiting the first phase of the early production from the field, said on Tuesday, March 14. According to Petroleum, engineering and Development Company (PEDEC) Public […]

Gazprom attempt to contribute in the Development Project of Changuleh Oilfield

11 / 03 / 2017

“Gazprom is willing to work with PEDEC in the two fields of Changuleh and Cheshmeh-khosh,” deputy managing director of Gazprom said. According to Petroleum, Engineering and Development Company (PEDEC) as quoted by SHANA, Yakovlev said that Gazprom Neft currently seeks the development of only two Iranian oil fields, but it is open to explore other […]

Deputy managing director visiting Azar Oilfield

11 / 03 / 2017

Seyed Nurodin Shahnazizadeh, PEDEC’s managing director and chairman of the Board, visited the Development Project of Azar Oilfield on Tuesday, March 07, 2017, on the eve of the early production from the field. According to Petroleum, Engineering and Development Company (PEDEC), visiting the shared Azar Oilfield, Shahnazizadeh said, “Azar Oilfield is one of the most […]

Iran to start Crude Oil Production from South Pars Oil Layer

07 / 03 / 2017

Iran says it will start production of 35,000 barrels/day of crude oil from the oil layer of the supergiant South Pars Gas Field. Iranian Minister of Petroleum Bijan Zangeneh said on Tuesday that Iran has plans to raise production of oil and gas from the joint field to levels higher than that of Qatar, reported […]

Iran may award Kish deal to Shell

07 / 03 / 2017

Iran says it may start negotiations with global energy giant Shell over the development of Kish gas field which holds the country’s largest reservoirs of natural gas after South Pars. Noureddin Shahnazizadeh, the managing director of the Petroleum Development and Engineering Company (PEDEC), was quoted by the domestic media as saying that a planned tender […]

Iran says it ‘understands’ Total’s concerns

07 / 03 / 2017

Iran says it understands why Total had to delay a decision to go ahead with the development of a key gas project in the country until the position of the new US administration toward foreign investments in the Islamic Republic is known. “This company has announced that it is waiting for US’ final decision and […]

SP 17, 18 Ready for Startup

07 / 03 / 2017

Iran is ready to officially launch South Pars 17 and 18 projects, the managing director of Industrial Projects Management of Iran Company said. Hassan Boveiri an investment of $8.1 billion has been made for development of the projects, adding more than one third of the investments on the project ($2.5b) have returned so far. He […]

Iran Ready to Swap Oil with Azerbaijan

07 / 03 / 2017

Iranian President Hassan Rouhani said Tehran is ready to swap oil and petroleum products with Azerbaijan, expressing hope for further cooperation between the two neighboring countries. The Islamic Republic of Iran and the Republic of Azerbaijan signed two memoranda of understanding (MoUs) for expansion of bilateral cooperation on Sunday in Tehran in the presence of […]

Diplomat Revers Oil Industry for Achievements in Post-Sanctions Era

07 / 03 / 2017

Abbas Araghchi, senior Iranian diplomat who was directly involved in Iran’s nuclear talks with the P5+1 group of countries, lauded the Iranian Ministry of Petroleum for its achievements since implementation of the deal Iran struck with the group. Addressing conference on Joint Comprehensive Plan of Action (JCPOA), the title of the deal, and the Economy […]

MOP in talks with Investors to attract $85b of Finances: Official

07 / 03 / 2017

Deputy Minister of Petroleum in International Affairs and Trading Amir Hossein Zamaninia said the Iranian Ministry of Petroleum is in talks with investors to sign 25 deals valued at 85 billion dollars collectively. Addressing a conference on the Joint Comprehensive Plan of Action (JCPOA) and the Economy of Resistance, the official said Iran’s petroleum industry […]

Iran, South Africa eyeing GTL project

07 / 03 / 2017

Iran says it has started talks with South Africa over a strategic project to produce fuel from natural gas – a project that South Africa’s chemicals firm Sasol was pursuing in the Islamic Republic but later had to abandon as a result of sanctions.  A report by Iran’s IRNA news agency said the development of […]

Strong Firms Invited to Run Tender for S. Azadegan Development

23 / 10 / 2016

Operator of the project for development of South Azadegan oil field Mahmoud Marashi says powerful companies can run the tender to develop second phase of a project for development of South Azadegan oil field.

Iran invites oil majors to bid for new projects

23 / 10 / 2016

Iran has invited global energy giants to a much-awaited tender for the development of several of its key oil sector projects.

Iran to Ink Oil Contracts Worth $10bn by End of March

10 / 10 / 2016

New oil contracts worth 10 billion dollars are expected to be signed in remaining half of the current Iranian calendar year (began March 20, 2016), the deputy petroleum minister said.