Saturday, June 25, 2022

Energy

Iran’s oil-rich south at highest readiness level to produce crude: Official

The National Iranian South Oil Company (NISOC) says Iran’s oil-rich south is at the highest level of readiness to produce crude.

Oil minister: Iran earned $43 billion in oil revenues last year

Iran’s Oil Minister Javad Oji says the Islamic republic earned $43 billion in oil revenues in the Persian year of 1400 which ended on March 20.

Iraqi PM forms working group to visit Iran for energy talks

Iraq’s Prime Minister Mustafa al-Kadhimi has assigned a working group to make necessary coordination to resolve technical problems of Iraqi power plants that work with Iranian gas.

IRGC seizes ship smuggling fuel in Persian Gulf

The Islamic Revolution Guards Corps’ Navy has seized a vessel carrying 250 thousand liters of smuggled fuel in the Persian Gulf.

MP: Iran securing its share in oil market

The secretary of the Iranian parliament’s energy commission says Iran is seeking to secure its share of the oil market through its energy diplomacy.

Iraq: We will need Iranian natural gas for coming years

Iraq’s electricity minister says the country has not reached an agreement with Arab countries of the Persian Gulf region and will need to import natural gas from Iran for the coming years.

Iranian minister: 1,000 megawatts added to power plant capacity

Iran’s Minister of Energy Ali Akbar Mehrabian says the ministry has increased 1,000 megawatts of electricity to the capacity of the country’s power plants through using knowledge-based techniques and without consuming additional fuel and allocating an extra budget for this purpose.

Iran to begin development of joint Arash gas field in Persian Gulf soon

Iran says it will launch a plan to develop the Arash natural gas field shared with Kuwait and Saudi Arabia in the near future, after the pair agreed to begin development activities in the offshore reservoir without Tehran.

Minister: Iran’s oil production capacity reached pre-sanctions level

Iran’s Oil Minister Javad Owji says the country’s crude production capacity has reached more than 3.8 million barrels per day (bpd), equaling the levels that existed prior to the imposition of tough American sanctions on the country’s energy industry.

Natural gas, Sulphur production projects launched in eastern Iran

The construction of the second phase of a major natural gas storage facility and three projects as part of the “Sulphur Park” in the eastern Iranian city of Sarakhs has been launched in a ceremony with the presence of President Ebrahim Raisi.

Development plan to fully launch at Iran’s oldest refinery: Official

An official at Iran’s Abadan Refinery says the first phase of a “development and stabilization” plan at the facility in southern Iran will be completed in the first half of the current Iranian calendar year.

Drilling work to start at Arash joint gas filed in Persian Gulf: Iran

Iran’s oil minister says drilling operation will soon begin at the jointly-owned Arash gas field in the Persian Gulf.

Iran exported gasoline, gas oil in March 2022 as part of commitments

Iran’s deputy oil minister says the country exported a gasoline shipment as well as three cargoes of gas oil in March, 2022.

Iran says reserves right to exploit joint gas field with Kuwait, Saudi Arabia

Iran’s foreign ministry spokesman has called a newly declared agreement between Saudi Arabia and Kuwait over the exploitation of the Arash gas field illegal, saying: Tehran reserves the right to exploit the field in the Persian Gulf.

Iran plans a $200bn investment in oil industry

Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts.

2nd oil field in Iran’s Fars Province goes on stream

The National Iranian Oil Company (NIOC) says the second oil field in the country’s southwestern Fars Province has officially gone on stream, with an initial production capacity of 9,000 barrels of crude per day.

Oil minister: Iranian gas condensate exports tripled in recent months

Iran’s Oil Minister Javad Oji says the country’s gas condensate exports have tripled in recent months.

Iranian oil minister: 100% of oil revenues returning; exports increased 4-fold

Iranian Oil Minister Javad Oji says Iran has received 100% of its oil revenues and sold crude to countries the US did not even imagine.

Iran launches new refinery row of South Pars gas field

The CEO of the National Iranian Oil Company says the first refinery row of the phase 14 of the South Pars gas project in the Persian Gulf has become operational.

NIOC: Iran ready to supply global market with as much oil as it needs

The National Iranian Oil Company (NIOC) voices the country’s readiness to supply oil to the global market “at a maximum level,” saying Iran’s potential return to the market could effectively help stabilize soaring crude prices.

‘Removal of oil sanctions no concession to Iran amid soaring crude prices’

Iran’s Keyhan newspaper has published an opinion piece arguing that the removal of U.S. sanctions against Iran’s oil sector must no longer be regarded as a concession to Iran because this is what America needs right now given soaring energy prices amid the Ukraine crisis.

Oil ministry signed investment contracts worth $15.6bn in 6 months

Iranian Oil Minister Javad Owji says the ministry has signed investment agreements worth 15.6 billion dollars in the past six months.

Iran storing fuel for future export as energy crisis looms over Europe: Official

Iran is storing fuel for future export ahead of expected hikes in energy prices as a result of the Russia-Ukraine conflict, an Iranian official says.

Leader calls for development of clean energies, protection of environment

Leader of Iran’s Islamic Revolution Ayatollah Seyed Ali Khamenei has called for the necessity of developing clean energy resources.

Iran launches strategic gas refinery in south

The Persian Gulf Bidboland storage facility and wharf has been launched in the presence of Iran’s oil minister in the port city of Mahshahr in southern Iran.

Latest news