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Oil industry adopts environmental mandates in development plan
SHANA (Tehran) – The director general of Health, Safety and Environment (HSE) at Iran’s Ministry of Oil announced the broad implementation of environmental obligations within the oil industry as outlined in the country’s Seventh Development Plan.
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NGL 3100 to be launched soon
SHANA (Tehran) - The CEO of the National Iranian Oil Company (NIOC) announced that the NGL 3100 project will soon enter its initial launch phase, emphasizing its key role in developing the gas value chain in western Iran.
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Paknejad: Iran ready to install rig in Arash field, pending border talks
SHANA (Tehran) - Iran’s oil minister denied claims of declining oil exports, stating that the Oil Ministry is prepared to install a drilling rig in the Arash oil field.
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Oil Ministry aims to attract investment, streamline upstream oil, gas contracts
SHANA (Tehran) – The deputy director of investment at the National Iranian Oil Company (NIOC) emphasized that a recent approval by the Economic Council to simplify upstream oil and gas contract procedures will significantly reduce the time between receiving investor proposals and finalizing agreements.
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Daily gas extraction from South Pars Phase 11 increases by 60%
SHANA (Tehran) – Daily gas extraction from South Pars Phase 11 has risen by 60% during the first 10 months of the 14th administration, increasing from 12 million cubic meters (mcm) to 20 mcm per day.
تیتر دو
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Completion of gas pipeline crossing under Persian Gulf seabed
SHANA (Tehran) – The CEO of Iran Gas Engineering and Development Company announced the successful completion of a 3-kilometer subsea pipeline crossing under the Persian Gulf seabed as part of the Bandar Abbas-Laft-Gourzin gas transmission line. This marks a key milestone in the project to supply natural gas to Qeshm Island.
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Major oil projects in Dehloran nearing completion
SHANA (Tehran) – The CEO of the National Iranian Oil Company announced that the Dehloran gas compression station will be operational by Azar (late November-December).
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Sustainable development of petchem industry in collaboration with DoE
SHANA (Tehran) - The CEO of the National Petrochemical Company emphasized that environmental protection is essential for sustainable development, stating that enhancing cooperation between the petrochemical industry and the Department of the Environment (DoE) is a priority, with joint programs already drafted and submitted.
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Iran increases heavy crude transfer capacity
SHANA (Tehran) – The deputy of operations at the production management of the National Iranian South Oil Company (NISOC) said that with the commissioning of a new 30-inch pipeline for transferring light oil from the West Karun fields, the 36-inch Ahvaz-Omidiyeh export pipeline has been reassigned to transport heavy oil.
Analysis
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Innovative EOR Potential in Iran
Enhanced Oil Recovery (EOR) techniques have become indispensable in the global oil industry, particularly as conventional oil reserves dwindle and the energy demand continues to rise.
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AI and Its Impact on the Energy Sector
Artificial Intelligence has emerged as an important technology that is transforming the energy sector in a way probably never been experienced before. Innovations in AI are taking place quite rapidly, and new horizons and changes are virtually on a daily basis. AI was earlier thought to have much to do with the renewable sources of energy, but in recent times, it is increasingly penetrating the conventional energy sector as well.
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Iran Shale Oil Recovery Know-how
SHANA (Tehran) –The Directorate of Exploration of the National Iranian Oil Company (NIOC) has embarked on centralized studies over recent years to explore unconventional resources.
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Sino-US Tariff War Impact on Oil/Gas
SHANA (Tehran) - A trade war between the United States and China, the world’s top economies, has intensified over recent years. The latest indication is mutual sharp import tariff hikes. China has vowed to fight to the end in the face of US bullying, taking countermeasures against President Donald Trump’s administration.
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Venezuela Energy Supply and Exports
SHANA (Tehran) - Venezuela was once a prominent oil market player in the world. For years, it has been experiencing a sharp decline in its energy supply due to political tumults along with economic mismanagement and international sanctions. By late 2024, the oil and gas production outlook in Venezuela indicates an intertwined layer of challenges and gradual improvement, impacting both local affairs and exports.
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Report
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Oil Show Stimulates Optimism for Investment in Iran
SHANA (Tehran) - Amid ongoing diplomatic talks between Iran and the United States that are largely expected to end in sanctions lift, foreign companies are exploring opportunities for investment in Iran’s petroleum industry.
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ICOFC Offers $13.5bn Investment Opportunities
SHANA (Tehran) – The director of investment and development at Iranian Central Oil Fields Company (ICOFC), Shirin Mohajer, has announced 25 investment packages worth $13.5 billion in oil and gas projects.
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IPC Deals Rate of Return at 20%
SHANA (Tehran) – The National Iranian Oil Company (NIOC), in conjunction with implementing new economic policies to facilitate the awarding and execution of upstream oil and gas agreements, has recently unveiled 200 investment opportunities.
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Iran Joint Oil & Gas Fields Decided
SHANA (Tehran) - Iran shares at least 28 oil and gas fields with neighboring countries. They include 18 oil fields, 4 gas fields, and 6 oil/gas fields. Rarely is there a country in the world with so many joint reservoirs. Iran shares 12 fields with Iraq, 7 with the United Arab Emirates, 2 with Qatar, 2 with Oman, 1 with Kuwait, and 1 with Turkmenistan.
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Renewables Growing Share of World Energy Mix
SHANA (Tehran) - Renewable energies have seen their share of the global energy mix growing due to the exhaustible nature of fossil fuels and GHG emissions on the one hand, and their positive impact on climate changes, energy independence, economic opportunities, environmental advantages, and access to energy and equality on the other.
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Historic Chance for Iran to Enter European Energy Market
SHANA (Tehran) - Amid US President Donald Trump’s threats to squeeze Iranian oil exports down to zero while increasing tariffs for many countries, seasoned Iranian diplomat Ramin Mehmanparast says Iran is facing a historic opportunity to benefit from the ongoing tariff war between the United States and the European Union (EU). In an interview with” Iran Petroleum”, he stated that Iran can meet the EU’s commodity needs via the North-South corridor.