Tuesday May 22, 2018

PetroEnergy Information Network

Latest Stories

NISOC signs Deal with Pergas
TEHRAN (Shana) -- Iran signed a preliminary deal on Wednesday for a consortium of international companies to develop an oilfield, the first such contract since Washington withdrew from a nuclear agreement and said it would reinstate sanctions on Tehran.
Saturday19 May 201814:26
Iran light Crude Prices Faring at $73/b—Highest since November 2014
TEHRAN (Shana) -- Speculations of Iran's declining oil supply on the market are believed to have drawn up oil prices to unprecedented levels since November 2014. Each barrel of the country's light crude oil is selling at around 73 dollars per barrel in the market.
Saturday19 May 201812:54
Iran, Oman to Finalize Key Gas Documents
Iran Targets LNG Markets
TEHRAN (Shana) -- Iran's Minister of Petroleum Bijan Zangeneh and Omani Minister of Oil and Gas Mohammed Al Rumhy recently agreed to finalize two supplementary documents to the gas contract the two countries have already signed.
Saturday19 May 201812:23
Incentives for Investment in Iran Petchem Hubs
TEHRAN (Shana) -- Today, selling and exporting petrochemical products are instrumental in Iran's non-oil economy. According to official data, petrochemical exports constitute the second largest hard currency earner in Iran after crude oil. Petrochemical exports already make up 33% of Iran's non-oil exports. Arrangements have been made for the petrochemical exports to have a 35% share of non-oil exports.
Saturday19 May 201812:18
Oil on Fire
WWII-Era Iran Petroleum Industry
TEHRAN (Shana) -- On 26 August 1951, the Allied troops invaded Iran from north and south under the pretext of the presence of German nations in Iran. Their main objective was to carry military personnel and munitions from southern Iran towards then Soviet Union. The Shah of Iran ordered the Army not to resist foreign troops which occupied Iran...
Saturday19 May 201812:14
Caspian Sea Exploration Blocks Promising
TEHRAN (Shana) --- A deputy head of the National Iranian Oil Company (NIOC) has said that studies conducted by Norway's ORG in four exploration blocks of the Caspian Sea had produced promising results.
Saturday19 May 201812:07
Too soon to talk of US Pullout from JCPOA: Veteran Captain
TEHRAN (NIPNA) -- The CEO of the National Iranian Tanker Company (NITC) says it is still too soon to speak of the ramifications of Washington's withdrawal from the Joint Comprehensive Plan of Action (JCPOA) on Iran's shipment of crude oil on international markets.
Saturday19 May 201811:10
UK Gov’t Backs Firms Willing to Work in Iran: Envoy
TEHRAN (Shana) -- The British Ambassador to Iran voiced his country’s support for British companies willing and capable of working in and trading with Iran.
Thursday17 May 20181:04
Nothing to Gloat at for Iran Neighbors: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said: “None of Iran’s neighbors must relish their neighbor’s hardships. Everyone may face hardships. When a country is gripped by difficulties, others must not gloat at their trouble. We are Muslims. Tongue-lashing is more devastating that swords. This (condition) will also pass by.”
Wednesday16 May 201823:58
NISOC, Pergas Sign HOA for Developing Iran Oilfield
TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) and Pergas Consortium have signed a heads of agreement on Wednesday for developing Iran’s Karanj Oilfield under the newly-devised model of oil contracts.
Wednesday16 May 201821:10
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