Oil exports from Iran hit a year and a half high in August despite heavy sanctions from the US, according to a recent estimate from TankerTracker. Iran is estimated to have exported nearly 1.5 million barrels per day (bpd) of crude oil and condensate so far in September, in what …
Read More »Iran’s Natural Gas Storage Rises in H1
The volume of natural gas stored in Iran’s storage facilities during the first half of the current Iranian calendar year (March 20-September 21) has increased considerably compared to the same period last year, Head of National Iranian Gas Transmission Company (NIGTC) said. According to Mehdi Jamshidi Dana, gas storage in …
Read More »Iran Boosts Oil Exports Sharply in September
The latest reports on Iran’s oil exports indicate that the country has risen oil exports sharply in September in defiance of the U.S. sanctions. Data from TankerTrackers and two other firms indicated exports are rising in September, although the figures fall into a wide range of between 400,000 bpd and …
Read More »Iran, Tajikistan Stress Expansion of Economic, Energy Coop.
Iranian Minister of Energy Reza Ardakanian held talks with Minister of Energy and Water Resources of the Republic of Tajikistan Usmonali Uzmonzoda via videoconference on the expansion of economic and energy cooperation. During the videoconference, the energy ministers of Iran and Tajikistan stressed the development of economic and energy relations. …
Read More »Iran Considering to Supply Electricity to Afghanistan
Iranian Energy Ministry adopted plan to supply electricity to Afghanistan which soon will announced soon, Iran’s Ambassador to Afghanistan Bahador Aminian said on Wednesday. “The two countries have many opportunities for ties development in different fields that aliens should not be allowed to sabotage them, so if Afghanistan intends to …
Read More »Iran Sees 65pc Increase in Gas Refining Capacity in 7 Years
Iranian Gas refining capacity has reached 1.1 billion cubic meters a day compared to 670 million cubic meters a day seven years ago, it was announced on Wednesday. Gas refining capacity of Iran has witnessed 65 percent increase after seven years since the current Iranian government took office in August …
Read More »Iran to Build New Power Plant with Russian Cooperation
Iranian Energy Minister Reza Ardakanian said on Tuesday that the new contractor selected by Russia for the Sirik 1400-MW power plant has also been endorsed by Iran, noting that the construction operation is expected to start within weeks. Speaking to IRNA, Ardakanian said that Russian side finally decided to change …
Read More »NIOC Inks Major Oil Research Deals with Local Universities
The National Iranian Oil Company (NIOC) has signed 13 major oil and gas extraction research contracts with Iranian universities and research centers. The documents, worth €35 million plus 7.16 trillion rials, were signed on Monday in a ceremony held in Tehran in the presence of Iranian Oil Minister Bijan Zanganeh. …
Read More »Iran to Apply Modern Technology for Recovery of Oil Fields
Iran’s Minister of Petroleum said on Monday that Iran will apply modern technology for recovery of oil and gas fields. Universities and industry need each other, said Bijan Zangeneh in the ceremony to sign 13 new agreements with universities for recovery of more oil and gas fields. Zangeneh said that …
Read More »Iran Tops Global Ranking of Oil, Gas Exploration in 2019
The National Iranian Oil Company was ranked by far the best company in the world in terms of oil and gas exploration operations in 2019, a senior NIOC official announced. “The NIOC’s petroleum discoveries in 2019, including oil and gas, had amounted to the equivalent of nearly 5 billion barrels …
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