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  • NIOC, Local Companies Sign Contracts Worth $1.2 Billion
    The National Iranian South Oil Company, the Iranian Offshore Oil Company and Iran Central Oil Fields Company -- all subsidiaries of the National Iranian Oil Company – signed contracts with domestic...
  • Gas Grid Waste at Prohibitive Levels
    Natural gas waste in Iran’s national grid is three times higher than the global average. A report from the National Iranian Gas Company Dispatching Department says close to 26 billion cubic meters...
  • Joint Oilfield in Ilam to Double Output
    Work on boosting output from Azar joint oilfield in western Ilam Province will be complete soon, managing director of the Oil Industries Engineering and Construction Group said. Oil extraction...
  • Tavanir: Power Cuts Likely
    The state-run Iran Power Generation, Distribution and Transmission Company (Tavanir) says the national grid cannot take loads higher than 40 gigawatts in winter. Mostafa Rajabi Mashhadi, a company...
  • Last SP Onshore Refinery Project Makes Headway
    South Pars Gas Field Phase 14 onshore refinery will go on stream by mid-2021, project manager of the phase said. “Units including steam boilers and gas condensates storage facilities have become...
  • Iran-Pakistan Gas Pipeline Defied
    The idea of a pipeline stretching from Iran's gas-rich southern regions to Pakistan was an imprudent decision from the outset as most gas-based industries in Pakistan are located in the east of...
  • Gas Consumption Up 35% in 2 Years
    Close to 203 billion cubic meters of natural gas was used in ten months to December 21, head of the state-run National Iranian Gas Company said. “It jumped by a massive 53 bcm or 35% compared to...
  • OPEC Warns Against Rushing Crude Production Hike in 2021
    The president of OPEC reiterated that the oil producers’ organization shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across...
  • SP Phase 11 Starts Offshore Drilling
    Long-delayed offshore drilling operations in the South Pars Gas Field Phase 11 off the Persian Gulf started Tuesday by Mapna Drilling Company, the National Iranian Oil Company’s deputy managing...
  • NIOC Could Double Oil Output if US Siege Is Lifted: Zanganeh
    The National Iranian Oil Company aims to produce 4.5 million barrels a day of oil and gas condensate in the next calendar year starting on March 21, the oil minister told lawmakers on Saturday. “...
  • South Pars Increases Output
    Ethane production in the first seven months of the current Persian year (started in March) increased 38.5% compared to the same period last year, manager of the third refinery of South Pars Gas...
  • Private Company Collects APG in Khuzestan Oilfield
    Tamkar Gas Equipment Company, a knowledge-based firm, has developed an associated petroleum gas (APG) or flare gas recovery system to reduce greenhouse gas emissions in Parsi Oilfield near Ahvaz in...
  • OPEC+ Output Cut Ease Unlikely to Unbalance Int’l Oil Markets
    The OPEC+ decision Dec. 3 to ease its output cut by an initial 500,000 bpd in January is unlikely to unbalance oil markets amid hopes for oil demand recovery from the early introduction of...
  • Oil Dependency in New Budget Is Unwarranted
    Return of normalcy to Iran’s oil export after US president-elect Joe Biden takes office in January and eases the economic siege is way off, a deputy head of the Iran Chamber of Commerce, Industries...
  • Oil Prices Jump After OPEC+ Inks Supply Compromise
    Oil prices jumped around 2% on Friday, heading for a fifth week of gains, as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even...
  • Oil Falls After OPEC+ Delays Talks
    Oil prices fell on Tuesday as concerns over mounting supply returned to the fore after leading producers delayed talks on 2021 output policy, while the coronavirus pandemic continues to sap fuel...
  • Gas Supply to Power Stations Up 5%
    Natural gas delivery to 123 thermal power plants reached 42 billion cubic meters from March to August -- up 5% compared to the same period last year, head of National Iranian Gas Company...
  • South Pars Can Store 4m Barrels of Gas Liquids at New SPEEZ Facilities
    Gas condensate storage facilities in the Special Pars Economic Energy Zone, southeast of Bushehr Province, are ready for launch. Pars Oil and Gas Company, a subsidiary of the National Iranian Oil...
  • Goldman Voices Concern About OPEC+ Future
    As the OPEC+ group’s decision on oil production cuts nears, there are renewed concerns about the future of the organization as it tries to rebalance the market while securing higher revenue and...
  • NIGC-BOTAS Gas Deal Probable
    Despite substitute routes, it is likely that Turkey will renew its gas import contract with Iran as it is economically viable, a spokesman of the Iranian Oil, Gas and Petrochemical Products...
  • OPEC+ Panel Sees Weaker Oil Demand in 2021
    OPEC and its allies have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated, a confidential document seen by Reuters shows, supporting the case for a tighter...
  • South Pars Meets 40% of Gasoline Demand
    Gas condensates from South Pars Gas Field in the Persian Gulf accounts for 40% of total gasoline output in Iran, managing director of Pars Oil and Gas Company, a subsidiary of state-owned National...
  • Iran’s Gas Industry Growth Noticeable
    Despite difficulties including geostrategic challenges and the recent coronavirus pandemic, Iran has made noticeable progress in its energy sector. 
  • OPEC Would Wary of Strains Under Biden
    Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as US president, sources close to the organization said, and would miss the outgoing president, Donald...
  • South Pars Phase Eleven Offshore Drilling to Start
    Offshore drilling operations in the South Pars Gas Field Phase 11 off the Persian Gulf will start soon, the head of Mapna Drilling Company, a subsidiary of Mapna Group—Iran's top engineering and...

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