Economy of Resistance: Production and Job Creation
2018 17 November Fa

PEDEC NEWS ARCHIVE

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 […]

Oil Minister: Foreign funds for Iran’s oil sector a top priority

21 / 08 / 2017

TEHRAN (NIOC) _ Attracting foreign investment for Iran’s oil sector will continue to be a top priority during President Hassan Rouhani’s second term, Iranian Oil Minister Bijan Zanganeh said on Sunday. “Attracting foreign investment and technology is a priority for us in the oil industry, whether in shared fields or for increasing the production of […]

Japan’s Inpex mulls Azadegan tender bid, int’l consortium

19 / 08 / 2017

TEHRAN (PEDEC) _ Japan’s Inpex Corp. is mulling participation in a tender for the development of the Azadegan oil field in southwestern Iran and formation of consortium with other foreign oil firms to that end, according to a high-ranking Iranian official. If Inpex gets involved in the Azadegan again — having given up its stake […]

Norway’s DNO Submit Plan to Develop Changouleh Oil Field

14 / 08 / 2017

TEHRAN (PEDEC) _ National Iranian Oil Company 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 […]

Neka Port Receive First Oil Swap Cargo in 7 years

13 / 08 / 2017

TEHRAN (NIOC) _ Oil and gas explorer Dragon Oil has shipped a cargo of oil from Turkmenistan to a port in northern Iran, resuming swap which Iran halted in 2010. The Russian-flagged VF Tanker-20 discharged around 6,000 tonnes of Turkmen origin crude oil at a terminal in the Caspian port of Neka on Aug. 3. The […]

Iran, Turkey, Russia Sign Oil, Gas Investment Agreement

12 / 08 / 2017

TEHRAN (NIOC) _ Iran, Russia and Turkey have signed an agreement for joint investment in oil and gas development projects. The agreement was signed in Moscow on Tuesday between Iran’s Ghadir investment company, Russia’s Zarubezhneft oil and gas intermediary and Turkey’s Unit International. It is considered the first tripartite agreement of partnership and investment between […]