Iran Has Begun Development of the Tus Gas Field in the Northeast of the Country
According to NIOC CEO Mohsen Khojastemehr, eight new wells will be drilled at a cost of $200 million. General Director of the National Iranian Oil Company (NIOC) Mohsen Khojastemehr announced the start of development of the Tus gas field, which is located in the Razavi Khorasan province in the northeast …
Iran’s Daily Oil Production to Rise to 3.5 Million by End of Summer
Iran’s crude oil production will rise to 3.5 million barrels per day by September 22, 2023, the managing director of the National Iranian Oil Company (NIOC) said on Wednesday. Mohsen Hojastemer made the announcement while speaking to reporters on the occasion of National Journalists’ Day. Saying that Iran was producing …
Iran Signs Contract For Joint Gas Field With Qatar
Iranian state company Petropars has been awarded a contract to build a large platform to be installed in the Belal gas field in the Persian Gulf near the maritime border with Qatar. At a ceremony on Sunday, the Iranian Offshore Engineering and Construction Company (IOEC) won the contract to build …
NIDC Drilled 27 Oil and Gas Wells in 100 days
The National Iranian Drilling Company (NIDC) has dug and completed 27 oil and gas wells during the first 100 days of the current Iranian calendar year (March 21 to June 30), the company’s managing director said. According to Hamidreza Golpayegani, the drilled wells consisted of two production and 25 capital …
The Platform of the 11th Phase of the South Pars Field was Installed in Iran
The Phase 11 platform of the Iranian South Pars gas field was successfully installed in the Persian Gulf on Wednesday morning thanks to the efforts of experts from the National Iranian Oil Company. The installation of the Phase 11 platform, which with the Oceanic vessel reached the very border area …
World Energy Report Confirms Rise in Iranian Oil Production
Data from the Statistical Review of World Energy confirmed that there was a significant increase in Iran’s crude oil production in 2022, despite the continued pressure of US sanctions on the Iranian oil sector. The annual report published by the Energy Institute (EI) showed that Iran’s oil production, including the …
Iran and Oman Agree to Jointly Develop the Hengam Field
Iran and Oman have signed an agreement on joint exploration of the Hengam joint oil field in the Strait of Hormuz in the Persian Gulf. The agreement was signed in the presence of President Ebrahim Raisi and Sultan Haytham bin Tariq Al Said of Oman in Tehran on Sunday, the …
Iran and Russia Signed 8 Memorandums of Understanding, 2 Contracts in Different Oilfields
Iran and Russia signed as many as 10 agreements and memorandums of understanding (MOU) on cooperation in the oil industry on Wednesday. The memorandums of understanding and agreements were signed following a meeting between Iranian Oil Minister Javad Ovji and Russian Deputy Prime Minister Alexander Novak, who are also co-chairs …
Alexey Miller and Iranian Ambassador to Russia Kazem Jalali Discuss Energy Cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kazem Jalali, Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to the Russian Federation, took place today. The parties discussed relevant issues pertaining to their energy cooperation. Source
Lukoil Puts Iran Plans on Hold Due to Threat of U.S. Sanctions
Lukoil, Russia’s second biggest oil producer, said on Tuesday it had decided not to go ahead with plans to develop projects in Iran at the moment due to the threat of U.S. sanctions, a company official said. The United States plans to impose new sanctions on Iran after pulling out …