Monday Oct 15, 2018

PetroEnergy Information Network


Universities to Help Soroush Oil Recovery
TEHRAN (Shana) -- Soroush, which started production in 2001 in partnership with Royal Dutch Shell in 2001, is known as Iran’s largest offshore oil field. Due to natural decline in production, this field needs to be upgraded with modern technology in order to be developed. The main reservoir of this field is Bourgen located in the west of the Persian Gulf.
Sunday14 October 20189:56
Halegan Gas Field Up for Investment
TEHRAN (Shana) -- Halegan is among Iran's ten gas fields whose investment plan was presented to a Tehran international conference a couple of years ago.
Sunday14 October 20189:38
NIOECC to Become Profitable Firm
TEHRAN (Shana) – Iran is planning to facilitate implementation of major refining projects by making National Iranian Oil Engineering and Construction Company a profitable entity.
Sunday07 October 201817:56
West Karoun Output Keeps Rising
TEHRAN (Shana) -- Iran holds about 67 billion barrels of oil in place in the jointly owned oil fields in the West Karoun area. Until 2013, Iran was extracting nearly 50,000 b/d of oil from these fields which are shared with neighboring Iraq. But now Iran’s output has exceeded 300,000 b/d.
Sunday02 September 201815:44
SP Output to Grow 84mcm/d
TEHRAN (Shana) -- Iran's Petroleum Ministry, under President Hassan Rouhani, inaugurated 11 conventional phases of the giant South Pars gas field (12, 15, 16, 17, 18, 19, 20 and 21) without any foreign help. That raised South Pars gas output from 240 mcm/d to 570 mcm/d. Development of these phases under sanctions inflicted higher costs on Iran's petroleum industry and took more time than normal; however, it kept Iran's petroleum industry development running.
Sunday02 September 201815:42
Aghar Gas Output to Double
TEHRAN (Shana) -- Sitting atop 18% of the world's proven gas reserves, Iran ranks the first in terms of holding natural gas in the world. Owing to development of gas fields in recent years, Iran’s average gas production has reached 800 mcm/d, 600 mcm/d of which is consumed domestically.
Wednesday29 August 201812:04
Global oil and Asian product market, July
TEHRAN (Shana) -- Dated Brent moved in a tight US$72-75/bbl range over the second 10 days of July. A slew of bearish events have hit the market since then and prices are on a downtrend, erasing the gains made in the run-up to the OPEC meeting held on 22 June. Although there are several push and pull factors at play, supply returns from Libya and Canada, and Saudi and Russian production increases, and the recent US stance on Iranian sanctions amid US-China trade war weigh on the market.
Wednesday15 August 201815:14
Gazprom to Develop Changuleh
TEHRAN (Shana) -- Iran holds 102 oil and gas fields, 28 of which are jointly owned with neighboring countries. The joint onshore fields are shared with Iraq, while the offshore ones are located in the Persian Gulf and the Sea of Oman.
Tuesday24 July 201811:16
Europe Set to Continue Petchem Cooperation with Iran
TEHRAN (Shana) -- The attractiveness of Iran's petroleum industry, particularly petrochemical sector, is such that even US threats and pressures have failed to dissuade international companies from continuing to do business with Iran.
Tuesday24 July 201811:11
South Pars Sees Output Hike
TEHRAN (Shana) -- Under the first administration of President Hassan Rouhani (2013-2017), 10 standard phases of South Pars gas field came online. Now efforts are under way to accelerate the development of SP13, SP14, and SP22-24 of the giant offshore gas field, which Iran shares with neighboring Qatar.
Tuesday24 July 201810:59
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