Tuesday May 22, 2018

PetroEnergy Information Network


Total Outlines Vetting Terms for SP11 Partnership
TEHRAN, (Shana) -- This is moment of truth for Iranian companies. France's energy major Total is legally bound to hire a local partner in the development of Phase 11 of South Pars gas field. The first post-sanctions project is providing Iranian firms with a golden opportunity to prove themselves.
Sunday15 October 201710:26
New Chapter in Iran-Brazil Oil Cooperation
TEHRAN, (Shana) -- Iran and Brazil have agreed to come closer as the latter has technology and the former is rich in hydrocarbon. Brazil's Minister of Mines and Energy Fernando Coelho Filho recently travelled to Tehran and met with Iran's Minister of Petroleum Bijan Zangeneh.
Monday09 October 201715:47
Iran Ready to Resume Oil Swap
TEHRAN, (Shana) -- Iran restarted crude oil swap from the Caspian Sea after a seven-year hiatus. The manager of the northern Iranian department of the Iranian Oil Pipelines and Telecommunication Company (IOPTC) says the company is ready to transfer imported crude oil. Hamid Hosseini said that the transfer operation from Neka Port would start upon an instruction by the National Iranian Oil Company (NIOC).
Sunday08 October 201714:06
Hamedan Supplies Fuel to 5 Provinces
TEHRAN, (Shana) -- Hamedan Province is one of the oldest places of living in Iran. The province is among Iran's major arteries. Due to its location on a corridor linking northern and southern provinces, it records more than 1,000 travels a day.
Sunday13 August 201715:35
Tehran, Seoul in $20mn Deal
TEHRAN, (Shana) -- Iran and South Korea have signed a $20 million agreement for the development of technical knowhow for mini-LNG ISO containers over a period of four years. This agreement on technical and research cooperation will facilitate international marketing for the two countries.
Sunday13 August 201715:14
Iran Regains Europe Market
TEHRAN, (Shana) -- Iran's oil exports to European buyers reached their post-sanctions highs in May, official figures show. According to these figures, Iran's Europe oil exports have also neared oil exports to Asian countries
Sunday13 August 201715:06
Half-Century-Old Bangestan Reservoir Undergoes Development
TEHRAN, July 24 (Shana) -- Ten giant oil fields in Iran account for the bulk of Iran's oil production. But these fields are all in the second half of their lifecycle. Insufficient investment in them, over years, has left their recovery rate at a low level. As a result pressure fall-off in these fields is highly likely while they have great potential for higher production.
Monday24 July 201710:50
Iran Joins Gasoline Exporters
TEHRAN, July 24 (Shana) -- Petroleum products, particularly gasoline, constitute a category of strategic and widely consumed products in Iran. Over recent years, despite the implementation of subsidy reform plan and gasoline rationing, consumption of this energy carrier has not declined, it has even increased in certain periods of time.
Monday24 July 201710:44
SP11, Most Strategic South Pars Phase
TEHRAN, July 24 (Shana) -- France's Total, China's CNPC and Iran's Petropars were each seeking to develop Phase 11 of South Pars gas field. But thanks to the administration of President Hassan Rouhani, the tri teamed up for handling the job...
Monday24 July 201710:36
Investment in Iran New Petchem Hubs
TEHRAN, July 24 (Shana) -- Iran's National Petrochemical Company (NPC) is an important wing of the country's oil diplomacy. It embarked on significant measures four years ago. Iran is currently producing at least 60 million tonnes a year of petrochemical products, while more than 60 petrochemical projects remain incomplete envisaged in the previous five-year economic development plans. Once these projects come online, Iran's petrochemical production capacity will double.
Monday24 July 201710:26
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