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South Pars Gas Output to Rise by 90 mcm/d

EghtesadOnline: Gas output from the giant South Pars field in the Persian Gulf is set to rise by 90 million cubic meters per day by the end of the present fiscal year in March, taking production closer to that of Qatar.
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Publish Date:14/February/2017 | 10:04

Veep: Up to 560mcm gas to be extracted from SP

EghtesadOnline: The First Vice-President, Eshaq Jahangiri, said on Monday that gas extraction from South Pars field will rise up to 560 million cubic meters.
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Publish Date:07/February/2017 | 05:40

Iran Envisages Bigger Domestic Role in IPC Projects

EghtesadOnline: The National Iranian Oil Company is compiling a list of domestic companies that can operate as part of future oil and gas development projects, Ali Kardor, the NIOC chief, said at the weekend.
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Publish Date:06/February/2017 | 06:44

All SP phases to be operational by March 2018

EghtesadOnline: By end of the Iranian calendar year of 1396 (March 21, 2017-March 20, 2018) all phases of Iranian South Pars gas field will be operational, which means more jobs and exports of oil derivatives.
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Publish Date:05/February/2017 | 10:13

Iran’s oil production to pass 4 million barrels

EghtesadOnline: “Exporting of crude oil and gas condensations reaches to 3 million barrels per day,”reported Iran national Oil Company’s CEO, pointing to the rise of daily oil production to 4 million barrels.
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Publish Date:05/February/2017 | 05:45

Iran not insisting gas imports from Turkmenistan

EghtesadOnline: Deputy Minister of Petroleum and Managing Director of the National Iranian Gas Company (NIGC), Hamid-Reza Araqi, says Iran does not insist importing gas from Turkmenistan.
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Publish Date:04/February/2017 | 08:27

Total starts development of South Pars phase 11

EghtesadOnline: Deputy Head of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs, Gholam-Reza Manouchehri, says Total, the oil and gas corporation in France, has practically started works for development of the phase 11 of the South Pars Gas Field.
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Publish Date:02/February/2017 | 18:24

Turkey to Get Discounted Iranian Gas as Compensation

EghtesadOnline: Iran, which must pay Turkey $1.9 billion in compensation for overpricing its gas exports to the Eurasian country between 2011 and 2015, will offer discount on future gas supplies to clear the amount, Turkey's energy minister said.
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Publish Date:28/January/2017 | 05:04

OMV officially comes back to Iran’s oil industry

EghtesadOnline: Austria's OMV has signed a Memorandum of Understanding with Dana Energy, Iranian company targeting oil and gas upstream field development activities.
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Publish Date:25/January/2017 | 11:57

Iran Speeding Up Oil, Gas Deals

EghtesadOnline: The National Iranian Oil Company is keen to finalize high-priority oil and gas deals by the end of the current fiscal year in March, including Phase 11 of South Pars Gas Field and a plan to tender the giant South Azadegan Oilfield, NIOC's managing director said on Tuesday.
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Publish Date:25/January/2017 | 07:56

Iran to pay $1.9B in compensation to Turkey over gas dispute

EghtesadOnline: Iran will pay $1.9 billion in compensation to Turkey after the International Court of Arbitration ruled in Ankara’s favor in a dispute over pricing, Hamid-Reza Araqi, Iranian deputy oil minister, has said.
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Publish Date:25/January/2017 | 07:10

Iran Keen on $2.5b Gas Project With Russia

EghtesadOnline: The national gas company is interested in a joint venture with Russia to develop the 9th Iran Gas Trunkline (IGAT-9), managing director of National Iranian Gas Company (NIGC) said on Monday.
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Publish Date:24/January/2017 | 05:49

Heavy Tanker Traffic in Iranian Oil Terminals

EghtesadOnline: Iran's oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50% compared to last year, managing director of Iran Oil Terminals Company (IOTC) said on Tuesday.
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Publish Date:18/January/2017 | 24:39

Iran Says It Holds No Oil Inventories at Sea

EghtesadOnline: Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, managing director of Iranian Oil Terminals Company (IOTC) said Sunday.
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Publish Date:16/January/2017 | 05:06

Iran Plans International Tender to Raise Power Plant Efficiency

EghtesadOnline: A tender for domestic and foreign companies will be announced to enhance the efficiency of gas-burning power plants, says Houshang Falahatian, the deputy energy minister for electricity and energy.
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Publish Date:15/January/2017 | 08:12

PGNiG in Talks to Invest in Iran's Upstream Sector

EghtesadOnline: In line with plans to develop Iran’s oil and gas fields, high-ranking officials of Poland’s state-run gas company PGNiG are expected to meet the National Iranian South Oil Company in February to finalize their ongoing negotiations to increase the recovery rate in the oilfields of Khuzestan Province, NISOC managing director said on Wednesday.
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Publish Date:12/January/2017 | 24:32

27mcm gas produced in South Pars phase 21 platform per day

EghtesadOnline: Phase 21 of the South Pars oil and gas field has no limitation in exporting gas resources to onshore refineries and some 27 million cubic meter of gas is exported per day, the operator of phases 20 and 21 of South Pars field said.
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Publish Date:12/January/2017 | 11:24

Shale Gas Discovery in Western Iran

EghtesadOnline: Shale gas deposits have been found in Lorestan Province, about 500 kilometers southwest of Tehran, an official at the National Iranian Oil Company said.
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Publish Date:05/January/2017 | 05:46