Monday, March 30, 2020   04:02:45
Last South Pars Phase 13 Platform Installed
OPEC, non-OPEC Agreement Accessible before April: Zangeneh
COVID-19, Main Reason in Recent Oil Price Fluctuations: Zangeneh
Iran-Made Fath 72 Drilling Rig Unveiled
  • Tuesday 2/18/2020 Iran-Made Fath 72 Drilling Rig Unveiled
    TEHRAN (NIOC) – Fath 72 Drilling Rig, built by Academic Center for Education, Culture and Research (ACECR), has been unveiled in a ceremony attended by Iranian Minister of Petroleum Bijan Zangeneh.
NIOC signs IPC Contract with MAPNA Group to Further Develop Two Oil Fields
Iran About to Launch Major APG Processing Plant
  • Wednesday 2/5/2020 Iran About to Launch Major APG Processing Plant
    TEHRAN (NIOC) – The Iranian Minister of Petroleum said the country had started countdown for launching a major plant for collecting and processing associated petroleum gas (APG) with $3 billion of investment.
Last South Pars Phase 14 Platform Installed
2019 Oil Market Hotbeds
  • Saturday 2/1/2020 2019 Oil Market Hotbeds
    TEHRAN (NIOC) _ The year 2019 was fraught with events for global oil markets. However, as far as the pricing was concerned the impacts were weak and short-lived on the market. That could have largely affected the oil market in the middle of the decade, but by the end of the last decade of the 21st century, the impact has been meager. In other words, 2019 ended the same way it had started. No significant development was witnessed in the trend of prices with which are mainly concerned producers, consumers, speculators and market analysts. Nonetheless, in the final hours of 2019, oil prices experienced an unpredicted jump to cross $70 a barrel, an unprecedented record since 2018.
North Pars Gas Field Awaiting Investment
  • Saturday 2/1/2020 North Pars Gas Field Awaiting Investment
    TEHRAN (NIOC) _ Some 120 kilometers southeast of the southern Bushehr Province, Iran own a gas field holding more than 57 tcf of gas in place. North Pars is among fields with high potential for investment. The field is estimated to require $16 billion in investment, including $5 billion in the upstream sector and $11 billion in the downstream sector (mainly LNG plants).