• Iran Energy Exchange Managed $3.3b in Deals
    Total value of deals conducted at the Iran Energy Exchange reached 537 trillion rials ($3.35 billion) during the last fiscal year that ended on March 19.  The amount was up 171 trillion rials ($1...
  • Damaged Turkey Gas Pipeline Still Not Repaired
    The flow of Iranian natural gas to Turkey that was disrupted 14 day ago (due to a pipeline explosion) has not resumed, director of dispatching at the National Iranian Gas Company said. “Unlike...
  • Iran Produced 267 Billion cm of Gas Last Fiscal Year
    An estimated 267 billion cubic meters of natural gas was produced in the last fiscal year that ended in March, director of dispatching at the National Iranian Gas Company said. “Of the total...
  • OPEC-Russia Meeting Delayed
    OPEC and Russia have postponed a meeting set for Monday to discuss supply cuts and ending a brutal price war.
  • OPEC Fund Extends Grant to Iran
    OPEC Fund for International Development has approved $500,000 in emergency grant to purchase and distribute medical equipment needed for combating COVID-19 in Iran. 
  • Iran’s Gas Export to Turkey Disrupted
    Turkey's natural gas import from Iran was halted for the tenth time on March 31 following an explosion in a pipeline 1.5 km inside Turkey near the border with Iran, director of dispatching at the...
  • Warm Weather Cuts Gas Consumption in Iran
    Natural gas consumption in the household sector fell by 61% over the last two weeks as many regions experienced a rise in temperature, head of the public relations office of the National Iranian...
  • South Pars’s Final Phase to Start Gas Production in 2022
    The drilling rig of Phase 11 of South Pars Gas Field will be put on its jacket in a few months and drilling will begin in June. Phase 11 is scheduled to be developed in two integrated and...
  • Russia Keeps Door Open for OPEC
    Russia stepped up its price war with Saudi Arabia by warning it can raise oil production, while also saying further cooperation with OPEC is possible.
  • South Pars Phase 13 Last Deck Installed
    To fast track production in the South Pars Gas Field off the Persian Gulf, the last offshore platform of its Phase 13 (13C) was installed on Saturday. According to Payam Motamed, operator of Phase...
  • Zanganeh Says OPEC+ Needs Further Production Cuts
    OPEC and its allies need to cut crude output by 500,000 barrels per day to clear the oil market's oversupply from the coronavirus outbreak, Iran’s Oil Minister said upon his arrival in Vienna on...
  • OPEC Could Deliver Larger Production Cut
    OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank.  
  • Plan to Double Aghar Gas Field Output
    Raising gas production at Aghar Gas Field by 20 million cubic meters per day is on the agenda of Iranian Central Oil Fields Company, a subsidiary of the National Iranian Oil Company, the managing...
  • OPEC+ Should Decide on Coronavirus Response Later
    Gazprom Neft CEO Alexander Dyukov said Wednesday the OPEC+ group of oil producers should respond to the impact of the coronavirus outbreak but decide on quotas later on.  
  • Phase 11 of South Pars Gas Field Moving Forward
    The platform jacket for the Phase 11 of South Pars Gas Field is ready in Qeshm Island and will be installed on its location in the Persian Gulf before the current Iranian year is out (March 19),...
  • South Pars Raises Gas Condensate Output
    Gas condensate output from the South Pars Gas Field in the first 10 months (March-Dec 2019) of the currency fiscal year increased by 5% compared to the corresponding period a year ago, managing...
  • NIOC Halts Selling Liquefied Fuel on IRENEX
    Due to the big increase in liquefied fuel consumption over the last few weeks, the National Iranian Oil Company has stopped selling diesel and mazut on the Iran Energy Exchange, the company’s...
  • Blessing or Curse?
    Iran holds the world's second biggest natural gas reserves after Russia. Gas production has surpassed 870 million cubic meters per day and a large number of city and village dwellers are supplied...
  • Stock Market Expands Role in Funding Oil Sector
    Iran’s capital market is capable of financing half of the domestic oil projects, the CEO of Securities and Exchange Organizations said. The oil industry needs $30 billion in funding, Shapour...
  • CNG Use Expanding
    Domestic compressed natural gas consumption has reached 25 million cubic meters a day, indicating 31% rise compared to the 19 mcm/d before gasoline was rationed and pump prices increased in mid-...
  • Work in Progress at South Pars Gas Field
    Decks 13A and 13C of South Pars Gas Field Phase 13 were loaded at the Iran Marine Industrial Company, also known as SADRA, in Bushehr Province on Monday.  
  • $3b Invested in Khuzestan APG Treatment Plant
    A major plan for collecting and processing associated petroleum gas in the Bidboland Persian Gulf Gas Refinery, in Behbahan County, Khuzestan Province, will come on stream in spring. Over $3...
  • OPEC+ Panel Calls for More Oil Cuts
    OPEC+ Panel Calls for More Oil Cuts
    An OPEC, non-OPEC technical panel has recommended extending a current oil supply cut pact until the end of 2020 and more output reductions due to the impact of the coronavirus on oil demand,...
  • Power Outages Possible if Gas Use Not Cut
    Close to 51.5 million cubic meters of natural gas was consumed per day in thermal power plants between March and December 2019, the Energy Ministry spokesman for power department said. “Daily...
  • Iran: NIOC, Mapna Sign $1.3b Oilfield Contract
    Iranian National Oil Company and Mapna Group-- Iran's top engineering and energy firm -- signed a contract to develop Parsi and Paranj Oilfields in Khuzestan Province. The deal was signed in...

Pages

Financialtribune.com