The Islamic Republic of Iran Is Ready to Increase Oil Production to the 2015 Level If Sanctions Are Lifted
The Ministry of Petroleum of the Islamic Republic of Iran has announced that Tehran is ready to quickly return to its 2015 oil production levels if international sanctions imposed on its oil sector are lifted. The ministry clarified that Iran possesses the full technical capacity to bring its currently idled …
POGC Begins Drilling 35 New Wells in South Pars
Pars Oil and Gas Company (POGC) has begun a project to drill 35 new wells in the South Pars gas field to increase and maintain gas production from the combined giant field. According to POGC, the operation was officially launched on Tuesday at a ceremony attended by the head of …
The United States Can No Longer Interfere with Iran in the Production and Export of Oil
Oil Minister Iran Javad Ovji said that the United States could no longer interfere with the export and extraction of Iranian oil. “Given the measures that were adopted by the Government of the President of Raisi in the field of the oil industry, I must announce that any government that …
Iran to Sign Oil Contracts Worth $2 Billion
National Iranian Oil Company (NIOC) CEO Mohsen Hojasteh Mehr said Iran plans to sign oil development contracts worth more than $2 billion. Agreements will be signed for the development of the Changule and Band-e-Karhe fields, as well as for the purchase of crude oil refining services. Under the current government, …
An Agreement to Develop the Changule Oil Field Will be Signed Soon
The head of the National Iranian Oil Company (NIOC) said that the contract for the development of the Changuleh oil field will be signed soon, Shana reports. The agreement to develop the Chengule oil field, which has reserves of 3.2 billion barrels of oil, aims to produce 60,000 barrels of …
Foreign Investors Win Tender to Develop Seven Oil Fields in Iran
Foreign investors won the tender to develop seven oil fields in Iran. This was reported by the Iranian publication IFP News. The head of the National Iranian Oil Company (NIOC), M. H. Mehr, noted that Iran is actively promoting foreign investment in the oil sector. The head of NIOC also …
The Gazprom Delegation Visited Iran on a Working Visit
The delegation of PJSC Gazprom, led by Chairman of the Management Committee Alexey Miller, is on a working visit to the Islamic Republic of Iran. First Vice President of Iran Mohammad Mokhber met with Alexey Miller. During the meeting, a wide range of issues of cooperation in the energy sector …
Oil Production in Iran Reached 3.25 Million Barrels Per Day in March
The US Energy Information Administration (EIA) announced in its latest report that Iran produced 3.25 million bpd of oil in March 2024, an increase of 20,000 bpd from the previous month. According to the EIA report, oil production in Iran in February amounted to 3.23 million barrels per day. Iran …
Iran Acquires Shale Oil Production Technology
The shale oil pilot project in Iran is in its final stages and the country can be said to have access to the technology to extract oil from such reserves. The pilot shale oil pilot project in Iran was designed to study the technical and economic aspects of the shale …
Working Meeting Between Alexey Miller and Iran’s Minister of Petroleum, Chairman of NIOC Board of Directors Javad Owji Takes Place
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Javad Owji, Minister of Petroleum of Iran, Chairman of the Board of Directors of National Iranian Oil Company (NIOC), took place today at Russian Energy Week International Forum 2023. The parties discussed the global energy agenda and considered the …