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The presence of high-level delegation 2017 November 2 , Thursday Includes persons such as Dr. Alwi Shihab (honorable President's envoy to the middle east & the OIC) , along with a delegation from the Indonesian embassy in Iran (economic sector) and representatives of ENPERPRO GROUP’s company from the central office with aim of getting to know with this company and ongoing and completed projects visited the OEID. In this visit, the honorable deputy chairman of the company’s planning department provided some explanations about the company’s introduction and further, the managing director…

Oil ministry is not still definite about giving development project of Yadavaran and North Azadegan oil fields to Chinese companies. In an exclusive interview with IRNA on Saturday, Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said the decision to give the two projects to Chinese firms is not fixed yet. He said NIOC is still considering the proposed plans by Chinese companies. He added according to the existing contracts, Chinese firms have been given priority in developing the second phases of the two oil fields, but nothing…

Deputy Managing Director of Pars Oil and Gas Company (POGC), Farrokh Alikhani, said on Tuesday that gas extraction from South Pars Gas Field has reached 430 million cubic meters a day, from 250 million cubic meters a day. Alikhani made the remark in an interview with reporters on the sidelines of ceremony to install platform B18 of South Pars. According to Shana, He said the platform was installed in a fully safe condition without causing any incident to the extent that safety standard observation has turned into a culture at…

Iran's Research Institute of Petroleum Industry and France's Oil Industry Institute signed an agreement on research cooperation in oil industry. According to IRNA news agency, The agreement was signed by Head of RIPI, Hamid Reza Katozian and Managing Director of IFP Group, Didier Houssin, on Tuesday July 19th. According to the agreement the two sides will cooperate in the field of upstream and downstream oil industry, enhanced oil recovery (EOR), reservoirs study, gas desalination and reduction of environmental pollution. Katozian emphasized iran’s plan for expanding its international cooperation in oil…

Ali Kardor, the managing director of National Iranian Oil Co. (NIOC) declared: in the near future oil and gas fields’ development will be done based on 3 types of contracts including BuyBack, Iranian Petroleum Contracts (IPC) and Engineering, Procurement, Construction & financial (EPCF). It is worth noting that under a buyback deal, the host government agrees to pay the contractor an agreed price for all volumes of hydrocarbons the contractor produces. But under the IPC, the National Iranian Oil Co. (NIOC) will set up joint ventures for crude oil and…

Iran plans to double crude exports so long as the increase in shipments is absorbed by global markets, which it sees as stable for the rest of the year, according to a senior official at state-run National Iranian Oil Co. The country is exporting about 2 million barrels of its daily output of 3.8 million, said Mohsen Ghamsari, NIOC’s director of international affairs. It has regained about 80 percent of the market share it held before the U.S. and European Union tightened sanctions on its oil industry in 2012, he…

The official in charge of the project for development of North Yaran field, Arash Baqerzadeh told Petro Energy Information Network (Shana) that all activities for tentative operation of North Yaran field are underway and By September 2015, 30,000 bpd crude will be extracted from North Yaran common field. Baqerzadeh said that in August, activities will start for tentative operation of the common field and based on the schedule, 30,000 bpd oil will be extracted from the common field. He added: long lead items including valves are being delivered to the…

Iran has confirmed the names of five Iranian companies that it has identified as partners for international energy majors seeking to invest in the Islamic republic, taking it a step closer to opening up its oil and gasfields to western investment. Gholamreza Manouchehri, the deputy head of the National Iranian Oil Company (NIOC), told the Financial Times that the companies already selected included Petroiran, Petropars, Mapna Group, Oil Industries Engineering and Construction group (OIEC) and Industrial Development and Renovation Organization of Iran (IDRO). But he said that a complete list…

According to Alireza Ebadi, the supervisor of South Pars Phases 20&21 (POGC), concluding operations over 11 wells at phase 21 are going on as planned and the phase's topside will be loaded from Khorramshahr Yard next week. He told Shana that drilling operations for the wells have sewn up and the wells are being prepared for production once the topside it installed at its designated site. Ebadi also said that installation of the structure will take a month. Last week, Platform A of phase 19 of the super giant South…

Ali Kardor, who was previously the deputy managing director of NIOC for making investment and securing finance, replaced Rokneddin Javadi, the ex-managing director of the company. On June 18 in Tehran a farewell ceremony to the ex-Managing Director of National Iranian Oil Company (NIOC) Roknoddin Javadi and introducing his replacement Ali Kardor on Saturday, Zangeneh said, "We fulfilled our promise to add 500,000 b/d to Iran's crude oil output in less than three months and, in the recent OPEC conference, everyone admitted that the speed of Iran's return to the…