Tag Archives: Iran

Iran is considering the possibility of exporting gas to Europe, an oil ministry official said Sunday against the backdrop of soaring energy prices due to Russia’s war in Ukraine. “Iran is studying this subject but we have not reached a conclusion yet,” deputy oil minister Majid Chegeni was quoted as …

An expert on energy has said that Iran can participate in Venezuela’s oil exploration and extraction projects to the best of its ability and this is in the interest of both countries and it is a win-win game. Ali Asghar Zargar said in remarks to ILNA that “Both Iran and …

Managing Director of Iranian Offshore Engineering and Construction Company (IOEC) Mohammadreza Zahiri said that production from South Pars oil layer, which is located in the country’s giant South Pars gas field, is going to increase by 10,000 barrels per day (bpd), Shana reported. Speaking in a press conference on the …

Managing director of the National Iranian Oil Company (NIOC) and top managers of Russia’s Gazprom Company emphasized here on Friday to expand cooperation in energy field. The agreement was signed in a meeting between NIOC Managing Director Mohsen Khojastehmehr and top managers of Russia’s Gazprom on the sidelines of the …

Venezuela has begun importing Iranian heavy crude to feed its domestic refineries, Venezuelan oil company PDVSA announced. Iran and Venezuela last year initially agreed to a swap deal, with PDVSA importing Iranian condensate to dilute and process its extra-heavy oil for export, Reuters reported. In return, Venezuelan crude is being …

The value of non-oil trade between Iran and Tajikistan stood at $131.038 million in the past Iranian calendar year 1400 (ended on March 20), the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi put the weight of commodities traded between the two countries at 139,249 tons. …

An official with the National Iranian Oil Company (NIOC) revealed that Phase 11 of the South Pars Gas Field is expected to generate 14 million cubic meters of gas per day by the end of current Persian calendar year (March 20, 2023). According to IRNA, Karim Zobeidi, NIOC’s director of …

An expert on energy has said that in addition to Iran, Saudi Arabia, the United Arab Emirates, and Kuwait also will not have good conditions in the oil market Mahmoud Khaghani said in remarks to ILNA that “Our oil and gas market is in a very special situation and we …

Iran oil minister Javad Owji is making a rare trip to Venezuela that includes visiting oil facilities and signing energy deals between the two U.S.-sanctioned nations, said people with knowledge of the situation, Trend reports citing Bloomberg. Owji and more than a dozen delegates arrived in Caracas on Saturday, according …

Finalization of the fixation project by the Sahar 2 offshore rig in Resalat Field is another step to increase the production capacity of the Iranian Offshore Oil Company in the Lavan operational area. The Sahar 2 offshore rig left Resalat Field to Kharg operational area, following its successful performance in …