The National Iranian Oil Company (NIOC) managing director said the country’s oil production has jumped 60 percent since the 13th administration took office in August 2021.
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Studies at NISOC have determined new planned guide capacity for six reservoirs, indicating a potential increase of 250 tb/d, 7% of current PGC. This would increase the company's potential output from 3.4 mb/d to 3.65 mb/d, generating approximately $7 billion in revenue.
Officials from Iran and China stressed the need to expand bilateral cooperation in the field of standards.
Iran’s Oil Minister Javad Owji said operations for completing 50 new projects worth $47.5 billion have started.
Gholamreza Nourani, the acting director of production at NISOC, tells “Iran Petroleum” the company increased its oil production by 47% in two years.
Sepehr and Jofeir oil fields in West Karoun, developed by Pasargad Energy Development Company, are set to launch soon, as part of the Iran 13th administration's global oil market strategy.
Iran plans to establish a joint venture with Chinese tech firms to use AI to digitalize oil and gas production and implement significant reforms.
At the end of the ninth Iran-Qatar Joint Economic Committee meeting on Monday, the two countries signed a comprehensive cooperation document in Tehran, the news portal of Iran’s Energy Ministry reported.
The governor of the Central Bank of Iran (CBI) traveled to Oman on Sunday, aiming to develop monetary and banking cooperation between the two countries.
South Zagros Oil and Gas Production Company (SZOGPC), affiliated with Iranian Central Oil Fields Company (ICOFC), is centered on enhancing production from the Aghar and Dey gas fields by 7 mcm/d.
The Tehran oil refinery plans to build an integrated petrochemical plant and upgrade product quality by establishing a continuous catalytic reforming unit, which converts low-octane naphtha into high-octane reformates for high-octane gasoline.
The coordination manager of the repair and maintenance department of Iran’s extraterritorial refineries said the second extraterritorial refinery of the country will be rebuilt in Syria’s Homs province.
The head of Iran’s National Petrochemical Company (NPC) has said two major petrochemical projects are going to go operational in southwestern Mahshahr port, Shana reported.
The 9th meeting of the Iran-Qatar Joint Economic Committee started in Tehran on Saturday aimed at expanding economic cooperation and bolstering the constructive interaction between the two countries’ private sectors.
Russians lauded engineering operations Iranian experts carried out in the development project of Phase 11 of the South Pars (SP) gas field, said President Seyyed Ebrahim Raeisi on Friday night.
Iranian judicial authorities on Thursday announced the seizure of two vessels over alleged smuggling of fuel in the Persian Gulf.
Iran and Oman have signed two memoranda of understanding to boost bilateral cooperation and emphasized the importance of using their national currencies in mutual trade instead of the dollar.
Iran has always underlined “amicable and constructive” cooperation with Kuwait in the energy sector and Arash gas field, said the Foreign Ministry spokesman on Wednesday.
The head of Iran’s National Petrochemical Company (NPC) has said the country’s petrochemical industry relies on domestic knowledge and technology and the industry is mostly self-sufficient.
Imbalance in some sectors, including the energy sector, is both a big threat and a great opportunity, said the Iranian Parliament speaker on Tuesday.