• South Pars Refinery Indigenizes Amine Pumps
    Amine pumps used in the natural gas industry in the 9th South Pars Refinery have been indigenized by domestic engineers, director of the refinery said. "The pumps, intricate in terms of design and...
  • Household Gas Use Expected to Reach 650 mcm/d in Winter
    An estimated 880 million cubic meters of gas will be injected into the Iran Gas Trunkline (IGAT) per day in winter (Dec 21, 2020 and March 20, 2021) to meet projected rise in winter demand, head of...
  • South Pars Phase 13 Expands Footprint
    More than 35 million cubic meters of gas is produced daily at the South Pars Phase 13 refinery and output is expected to rise to 50 mcm, the refinery manager said. “In the blueprint 38 wells are...
  • SP’s Last Onshore Refinery Near Completion
    The refinery of South Pars Gas Field Phase 14 will come online by mid-2021, project manager of the phase said. “Construction of the refinery has registered 84% progress,” Mohammad Mehdi...
  • Rise in Hendijan Oil Field Production
    The wellhead Platform 7 of Hendijan Oil Field in the Persian Gulf was installed late on Monday, managing director of Iranian Offshore Oil Company, operator of the field, said. Weighing 1,000 tons...
  • Viral Spread Ups Gas Consumption
    Covid-19 pandemic has raised natural gas consumption in the household sector by 30 million cubic meters per day over the past six months compared to a year ago, head of the National Iranian Gas...
  • The Ministry of Economy on Sunday offered to settle payment to holders of Islamic bonds by delivering crude oil.   
  • OPEC Failed in Defending Iran’s Legitimate Interests
    So long as the Organization of the Petroleum Exporting Countries defends Iran’s legitimate interests alongside other members, Tehran will support the group, Iran's OPEC governor said. "All OPEC...
  • $225 Million Power Plant Comes Online in Southern Qeshm Island
    The second gas unit of Qeshm Combined Cycle Power Plant in Qeshm Island, off the Persian Gulf, has come on stream. With a capacity of 170 megawatts, it was constructed by the private company and...
  • UAE Fails to Comply With Output Cuts
    The United Arab Emirates, currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the OPEC+ deal, undermining...
  • Gas Condensate Terminal Opens in Qeshm Island
    The first phase of a gas condensate loading and export facility became operational on Thursday in Dayrestan, a village in Shahab District, Qeshm Island in Hormozgan Province. The terminal has six...
  • SP Gas Condensate Goes Largely to Major Refiner
    South Pars Gas Complex produces 650,000 barrels of gas condensates per day, a major part (500,000 barrels) of which is piped to the Persian Gulf Star Refinery in Hormozgan Province to be converted...
  • Gas Main Source of Power Generation
    Supplying natural gas, instead diesel and mazut, to power plants, has doubled to 200 million cubic meters per day since 2013, the National Iranian Gas Company chief said.  “Natural gas accounted...
  • Sistan and Baluchestan Gas Pipeline Project in Fast Lane
    Gas supply to Sistan-Baluchestan, Iran’s second largest province, will be completed by 2023, head of the provincial gas company told a press conference. Reza Panjabi said pipe laying and...
  • Iraq Wants Exemption From OPEC+ Cuts in Q1 2021
    Iraq is seeking exemptions from OPEC+ cuts in Q1 of 2021 and has discussed the issue with key producers in the 23-member coalition during three consecutive meetings, state-owned al-Sabaah newspaper...
  • POGC Reports Production Rise
    Gas extraction from the giant South Pars Gas Field in the Persian Gulf increased 150% over the last decade, managing director of Pars Oil and Gas Company said. “Output capacity has approached 700...
  • South Pars Gas Production Up
    Gas production from the third platform of South Pars Gas Field Phase 13 started on Friday, the operator said. “Gas from the satellite platform 13C is transferred to the 13A main platform via an 18...
  • Petroleum Products Worth $108m Sold via IRENEX in One Month
    Oil products costing $108 million were traded in the international ring of the Iran Energy Exchange in one month to August 15.  Heavy naphtha was the main item with a total of value of $36 million...
  • Gas Output Exceeds 700 mcm/d
    Average daily natural gas has surpassed 700 million cubic meters, a spokesman for the National Iranian Gas Company said. Refineries produce 703 mcm of natural gas, which is about 11% more than the...
  • OPEC+ to Balance Market Share Gains
    OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.  
  • NIOC Signs $1.7b Contracts With Domestic Firms
    The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and gas companies on...
  • Iran Energy Exchange Suspends Oil Salaf Contract
    Iran Energy Exchange announced Sunday that the plan to offer parallel salaf contracts to be backed by crude oil exports has been postponed.  In a notice on its website, it’s public relation office...
  • NIOC Plans to Sell Half Million Barrels of Oil via Salaf Contracts
    The National Iranian Oil Company plans to offer standard parallel salaf contracts for 520,000 barrels of heavy crude oil via Iran Energy Exchange.   As per a notice published on the codal.ir-- an...
  • Gas Consumption Up 4% Since March
    Natural gas consumption has reached 85 billion cubic meters since the beginning of the current fiscal in late March, up 4% compared to the same period in 2019, head of National Iranian Gas Company...
  • OPEC+ Pressures Iraq to Take Deeper Cuts
    Iraq made its strongest commitment yet to implement deep cuts in crude production after the country’s oil minister and his Saudi counterpart held a phone call late Saturday.  

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