Iranian Offshore Oil Company (IOOC) has implemented a pilot enhanced oil recovery (EOR) project in which a nanofluid has been injected into an oilfield in southern Iran for the first time to boost its recovery factor. The high-tech project was unveiled in a ceremony attended by officials from IOOC, the …
Read More »Iran Starts Pumping Oil Into Strategic Goreh-Jask Pipeline
Managing director of the National Iranian Oil Company (NIOC) has announced the beginning of oil transfer operation through Goreh-Jask pipeline which is laid from Goreh oil terminal in the southwestern Bushehr Province to Jask oil terminal along the Gulf of Oman. Masoud Karbasian made the announcement on the sidelines of …
Read More »Russia Calls on US, Iran to Synchronize Steps to Return to Nuclear Deal
Moscow calls on Washington and Tehran to synchronize their steps to return to the Joint Comprehensive Plan of Action (JCPOA) on Iran’s nuclear program, Russian Deputy Foreign Minister Sergei Ryabkov told reporters on Wednesday. “From our standpoint, the United States’ return to the JCPOA is the key issue that needs …
Read More »Iran’s Non-Oil Exports Grow 46%
Head of Iran’s Customs Administration (IRICA) Mehdi Mir-Ashrafi said that the country exported $5.6 billion worth of non-oil goods and commodities to foreign countries from March 21 to May 15, 2021, showing a 46% rise compared with the same period last year. Mir-Ashrafi said that some 15.5 million tons of …
Read More »Iran to Develop Offshore Farzad B Gas Field without India
The National Iranian Oil Co. is set to sign a $1.78 billion deal with a domestic company to develop the Farzad B gas field in the Persian Gulf, oil ministry news service Shana reported May 16. Petropars, Iran’s leading general contractor, will ink a buyback deal with NIOC on May …
Read More »Iran’s Non-Oil Exports up 80% in Current Year
The Minister of Industry, Mine and Trade said that Iran’s export of non-oil commodities registered an eighty percent hike in the first two months of the current Iranian calendar year (from March 21 to May 20). Speaking in a get-together meeting of programs on promoting export in the country on …
Read More »Iran-IAEA Agreement must Gain Governing Bodies’ Approval
Foreign Policy Commission Spokesman Abolfazl Amouei said that the extension of the agreement between Iran and the IAEA must gain approval of Iranian governing bodies. “According to Strategic Action Plan to Counter Sanctions, the agreement between Iran and the International Atomic Energy Agency to lift sanctions is subject to a …
Read More »Iran Produces Oil-Based Ozone Generator
An Iranian knowledge-based company produced an oil-based ozone generator to prevent the country from importing this device. Chief executive officer of the Iranian knowledge-based company, Shadi Azizi Ha said Iran produced a type of oil-based ozone generator that has much higher efficiency. Referring to the importance and usage of this …
Read More »Global Oil Market Eyeing Iran
Beginning of the fourth round of talks in Vienna to revive the JCPOA and multilateral attempts to reach a win-win agreement as soon as possible has caught eyes in global oil market, making OPEC Plus ministers closely watch developments in Vienna, Iran Newspaper wrote in a report on Monday. Analysts …
Read More »Iran may Extend Cooperation with IAEA over Inspections
Iranian deputy Foreign Minister for the Political Affairs Seyyed Abbas Araghchi says Iran may consider extending cooperation with the International Atomic Energy Agency over inspections of its nuclear sites. Araghchi spoke to NHK in Vienna on Friday. He heads Iran’s delegation in nuclear talks in the Austrian capital. Iran has …
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