News

The North Yaran field development is the first completely Iranian buy-back project which is planned to produce 30,000 barrels per day of crude oil in second half of this year. Buyback contract is a bilateral contract. Rights and obligations related to the sale of equipment and Technology in the initial contract and the obligations arising from the use of equipment related to sales of the product obtained above buyback will be included in the contract. According to public relations of ministry of petroleum, April performance report of the project indicates…

More than 25 European and Asian-owned supertankers are shipping Iranian oil, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January, according to Reuters. Iran was struggling as recently as April to find partners to ship its oil, but after an agreement on a temporary insurance fix more than a third of Iran's crude shipments are now being handled by foreign vessels. "Charterers are buying cargo from Iran and the rest of the world is OK with that," said Odysseus Valatsas,…

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas reserves in the world. Every year, the country hosts an international Oil Show in different oil, gas, refining and petrochemical sectors. It is among the most significant oil and gas events in the world in terms of the number of participants and its diversity. The presence of famous foreign companies as well as domestic producers and industrialists provide a good chance for mutual cooperation in view of signature of contracts. OEID Contributed in…

At the Opening ceremony of the Dehloran desalting unit project, Bijan Zanganeh, oil minister, pointed out the special situation in the border and said: some great actions has been done in operation of west oil and gas fields and hopefully this trend would be carried out in the future. He emphasized on the importance of associated gas gathering in these regions and continued: not only gathering and reuse of these gases helps protection of the environment but also it will be useful for industrial and economic growth and prosperity in these…