Tag Archives: Iran

The managing director of the National Iranian Oil Company (NIOC) has said vast exploration operations are underway on 140,000 square kilometers of offshore and onshore hydrocarbon reserves to discover new deposits, Shana reported. “Domestic firms, including the National Iranian South Oil Company (NISOC), NIOC’s Exploration Department, and the Oil Industry …

The National Iranian Oil Company (NIOC) managing director on Friday said the country, thanks to its present-day reserves, can produce oil and gas for the next 100 years. Mohsen Khojastehmehr made the remarks in his speech during a ceremony to commemorate the 115th anniversary of Iran’s first oil exploration in …

Shenzhen-listed Jilin Jinguan Electric Co Ltd signed a memorandum of understanding (MoU) to build a road between Iran and Russia for the construction of new energy facilities, it said on Wednesday. The company plans to build 70 optical storage and charging stations worth 1.4 billion yuan and 3,400 charging facilities …

The value of non-oil trade exchanges between Iran and China has reached $5.23 billion in January-April, 2023, according to figures by the Chinese customs office. Trade between Iran and China had increased by 4% in value terms in January-April compared to the same period last year, the figures showed. The …

The National Iranian Gas Company raised its natural gas exports in 2022 by 17%, the managing director of Iranian Gas Transmission Company said. “The state-run company’s exports reached 17 billion cubic meters in 2021 and 20 bcm in 2022,” Gholam-Abbas Hosseini was also quoted as saying by IRNA. Turkey buys …

A large Iranian gas condensate refinery is expected to come on line next year amid efforts to meet a rising demand for gasoline that has caused the country to resume imports after more than a decade. The company responsible for building Persian Gulf Mehr Refinery said on Saturday that the …

Pakistan is facing penalties of as much as $18 billion if it fails to complete a gas pipeline project it is carrying out with Iran, local media have reported. The project, which should supply some 750 million cubic feet of natural gas to Pakistan daily, has been fraught with difficulties, …

Tehran and Moscow have made progress regarding the participation of Russian companies in new oil and gas projects in Iran, Russian Deputy Prime Minister Alexander Novak said during talks with Iranian Oil Minister Javad Owji. “We are implementing projects to develop oil fields in Iran and have outlined new projects, …

More than 200 Foreign companies from 13 countries are going to participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2023), which is slated to be held at the Tehran Permanent International Fairgrounds during May 17-20. According to the Director General of the Iranian …

Iranian Oil Minister Javad Owji said on Saturday that Tehran and Baghdad have agreed to extend the gas export contract for five years. The oil minister, who is on a visit to Baghdad, made the remarks following a meeting with Iraq’s Minister of Electricity Ziad Ali Fazel, saying that the …