Iran has started pumping oil at a giant new reservoir at the offshore Abuzar oilfield in the Gulf, Iran’s oil ministry news service Shana reported on Tuesday. The Iranian Offshore Oil Company (IOOC) announced it had achieved first oil from the Asmari reservoir of Abuzar oilfield, which is located southwest …
Read More »Return of Iranian Oil to World Market Needs to Be Taken Into Consideration
The return of Iranian oil to the world market needs to be taken into account, but first, there has to be an understanding of the exact schedule and volume limits, Russian Deputy Prime Minister Alexander Novak told Sputnik. “Of course, this must be taken into account. Because it affects the …
Read More »Iran Implements Project for Injecting Gas Condensate into Oilfield for 1st Time
Iranian Offshore Oil Company (IOOC), in collaboration with the National Iranian Tanker Company (NITC), has started implementing a project for injecting gas condensate into Soroush oil field in the Persian Gulf to maintain its production level. In this project, which is being implemented for the first time in the history …
Read More »Oil, Gas Industry Innovation, Technology Park Starts Operating
An Oil and Gas Industry Innovation and Technology Park has been officially inaugurated with the aim of developing technologies and expanding cooperation among those who are active in innovation and technology. The inauguration ceremony has been held at the presence of Iran’s Oil Minister Bijan Zanganeh, Iranian Vice-President for Science …
Read More »Iran Shares Plan with UN to Eliminate FSO Safer Oil Spill Risk
The UN Secretary General’s Special Envoy for Yemen Martin Griffiths met Ali-Asghar Khaji, the Iranian Foreign Minister’s senior advisor, to discuss the latest developments in Yemen. In this meeting, the two sides conferred on the latest political and on-the-ground situation of Yemen, especially the recent visit of Mr Griffiths to …
Read More »Iran Prepared to Ramp Up Oil Output Quickly If U.S. Sanctions Eased
Iran is planning a speedy increase in its oil output, a senior oil ministry official said on Wednesday, as talks continue between Tehran and six major powers to lift U.S. sanctions that have seen it pumping far below capacity since 2018. Iran and the six powers have been in talks …
Read More »Indigenizing SP Phase 14 Special Parts Manufacturing Saves Iran $170m
Indigenizing the technology for the manufacturing of some special parts and equipment in the implementation of the development project of the phase 14 of Iran’s South Pars gas field has saved the country $170 million, head of the Industrial Development and Renovation Organization of Iran (IDRO) announced on Tuesday. Making …
Read More »Iran’s Power Export to Afghanistan Disconnected
Afghan officials say electricity imported to the country from Iran has been cut due to an explosion in an electricity tower. Afghanistan Electricity Company announced the explosion of an electricity tower in Herat province. Zeinab Mohseni, public relations manager of Breshna Company in Herat, said that this morning, the electricity …
Read More »Iran Urges IAEA to Avoid Artificial Concerns, Prejudgment
Iran’s ambassador to the International Atomic Energy Agency has criticised the director general of the International Atomic Energy Agency for what he called adopting a biased approach to interactions with Tehran. In a series of tweets, Kazem Gharibabadi said Rafael Grossi’s Monday reports on Iran’s nuclear program “ignore the level …
Read More »Russia’s Lukoil Happy to Resume Talks on Iranian Projects Once US Sanctions Lifted
Russia’s Lukoil would be “happy” to return to talks on its Iranian oil projects, which were at an advanced stage, once US sanctions on the Middle Eastern country are lifted, CEO Vagit Alekperov said June 3. Lukoil was in talks with Iran to develop the Ab Teymour and Mansouri oil …
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