News

March 8, 2021

Biggest Oil/Gas Opportunity in Iran

Oil sanctions against Iran remain effective. But the country says it would export 2.3 mb/d of oil and condensate this year. Many experts believe that Iran’s […]
January 3, 2021

IOOC Revives 2 Wells in Salman Oil Field

Wells No. 62 and 63 of Salman offshore oilfield have come online by the Iranian Offshore Oil Company (IOOC). According to IOOC, oil production of these […]
December 14, 2020

Petropars to Complete Azadegan Oilfield Development

The Petroleum Engineering and Development Company (PEDEC) has signed a contract with Petropars Group for completing the development of South Azadegan joint oilfield besides building a […]
December 14, 2020

€500 m Saved in Goreh-Jask Pipeline Construction

The CEO of the Petroleum Engineering and Development Company said: “Domestic manufacturing of the equipment for the construction of the 1,000-kilometer Goreh-Jask pipeline, which is now […]
December 13, 2020

Building 5 IOOC Offshore Oil Rigs under way in Khorramshahr

Construction of five offshore platforms of Abuzar, Forouzan and Resalat oil fields operated by the Iranian Offshore Oil Company (IOOC) is under way in Khorramshahr. Construction […]
December 12, 2020

Forging 16-inch Pipes Begins at ICOFC

The Iranian Central Oil Fields Company has started forging 16-inch pipes to transfer sour gas from Dehloran, Danan and Azar fields to the 3100 liquefied gas […]
December 5, 2020

OPEC+members agree to ease crude oil output cuts in January 2021

The 12th OPEC and non-OPEC Ministerial Meeting ended on Thursday with members reaching a consensus on easing crude oil output cuts by 500,000 bpd for January, […]
November 28, 2020

Iran Petchem Plant Operates at 104% of Capacity

An Iranian petrochemical facility, Martyr Tondgouyan Petrochemical Plant, has operated beyond expectations by producing 107,000 tons of petrochemicals which is 104 percent of its installed capacity […]
November 28, 2020

Iran to Launch Major Oil Projects in West Karoun, South Pars

Two projects of the National Iranian Oil Company, including the skid-mounted processing unit of West Karoun oil fields cluster and storage facilities and measuring stations of […]
November 23, 2020

Fire at Khark Petrochemical Plant Contained

The CEO of Khark Petrochemical Plant announced the complete control of the fire in the complex, saying: “Unfortunately, one of the employees lost his life in […]
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