Iran is producing more than 400,000 b/d of oil from West Karoon fields, shared with Iraq, which shows a 460 percent growth compared to figures from seven years ago. Iran’s oil production from West Karoon fields stood at 71,000 b/d seven years ago when President Hassan Rouhani began his first …
Read More »Iran to Augment Oil, Gas Exports by Building Energy Complex
A senior official in the southwestern province of Khuzestan believes that oil and gas exports will increase by building energy complexes in the province having great industrial capacities. Ali Karani, member of board of governors of industry equipment manufacturers of Khuzestan, made the remarks in an intevriew with IRNA on …
Read More »IAEA Says It has Access to Verify Iran Safeguards Commitments
The International Atomic Energy Agency (IAEA) said in its latest statement that it has access to Iranian nuclear sites to verify Iran Safeguards commitments. “This report of the Director General to the Board of Governors and, in parallel, to the United Nations Security Council, is on the Islamic Republic of …
Read More »Iran Resumes Gas Excavation from Phase 16 of South Pars Field
The offshore platform of Phase 16 of southern Iranian South Pars Field has come back to production, according to an official with Pars Oil and Gas Field. The platform stopped gas excavation a year ago due to damages to parts of its pipelines stretching 110 kilometers on the seabed. Alireza …
Read More »Iran, Qatar Ministers Review Cooperation on Electricity
Iranian Minister of Energy Reza Ardakanian and Qatari Minister of State for energy affairs reviewed ways to advance the agenda of cooperation on electricity sector. The two ministers underlined to develop and continue with cooperation on The Regional Centre on Urban Water Management (RCUWM-Tehran) under the auspices of UNESCO. Both …
Read More »Trump’s Sanctions Rooted in Grudges against Iran
Iran’s Minister of Petroleum Bijan Zangeneh said on Monday that the US sanctions imposed by US President Donald Trump on the Iranian oil industry officials are due to his sense of revenge and drudges against Iran. Speaking in the opening ceremony of 181 natural gas projects in Fars Province through …
Read More »Iran – Afghanistan Economic Cooperation A Requirement for Regional Security
Iranian Energy Minister Reza Ardakanian said on Sunday that increasing economic cooperation between the two countries is one of the important requirements for achieving sustainable development and regional security. The Iranian energy minister made the remarks during a meeting with the Special Representative of the UN Secretary-General for Afghanistan Deborah …
Read More »Iran Begins Drilling on Phase 11 of South Pars Field
The drilling operation on Phase 11 of South Pars Gas Field in southern Iran began on Saturday, an official reported. Mohsen Rezaei, the caretaker of the development project of Phase 11 of South Pars Field, said that the project aims to excavate about one billion cubic feet of gas from …
Read More »Iran, Russia Renew Agreement on Sirik Power Plant
Iran and Russia have renewed agreement on construction of Sirik power plant in southern Iranian province of Hormuzgan, Iran’s Ministry of Energy said on Saturday. The project will become operational soon after approval of a loan from Russia, director of power plant projects in Iran Behnam Khaefinejad has said. As …
Read More »Era of Unilateralism Over
Oil Minister Bijan Zangeneh on Monday slammed the US for imposing sanctions against him, saying that the era of unilateralism is over in the world. “Imposition of sanctions on me and my colleagues is a passive reaction to the failure of Washington’s policy of reducing [Iran’s] crude oil exports to …
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