TEHRAN (NIOC) _ The operation of installing the first platform jacket of phase 11 of South Pars has been started through an online inauguration ceremony with the presence of President Hassan Rouhanu and petroleum minister, Bijan Zanganeh on Thursday morning, May 20.

TEHRAN (NIOC) _ Iran's OPEC Governor Hossein Kazempour Ardebili has died of a brain hemorrhage two weeks after falling into a coma on Saturday.

TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh listed the measures taken by the Iranian Ministry of Petroleum to confront the coronavirus outbreak in the country.

TEHRAN (NIOC) _ Oil prices keep falling. Nobody could imagine that oil prices would hit their 17-year lows in less than three months. Analysts shift the blame on the novel coronavirus outbreak, which has degenerated into a global crisis. The Covid-19 outbreak caused economic stagnation and demand for oil and petroleum products dropped severely.

TEHRAN (NIOC) _ The Director of Integrated Planning at the National Iranian Oil Company said the fate of all Iranian oil and gas joint fields had been determined except for one small field.

TEHRAN (NIOC) _ The Petropars Group and the National Iranian Drilling Company have signed a memorandum of understanding to cooperate in implementation of oil and gas projects.

TEHRAN (NIOC) _ The head of the South Pars Phase 11 development plan announced that the installation process of Platform 11B of hte project would be completed by June.

TEHRAN (NIOC) – Operator of the South Pars Phase 14 development project said plans were devised to bring the project’s onshore refinery to full production tilt by June 2021.

TEHRAN (NIOC) What happened on April 20, 2020 in the oil futures market? Why the benchmark US oil prices did headed to negative territory for May 20 delivery? Will the futures contract price for WTI crude for June 2020 also be negative? Why are the prices for some crude oil in the United States and Canada single-digit or negative? To get the answers to these questions, don't miss this report by an oil market analyst familiar with the oil market.

TEHRAN (NIOC) The Director of International Affairs at the National Iranian Oil Company said the impact of the fall in crude oil prices by more than $55 on Monday, April 20, on the East Asian market was about $3 as WTI is not used as a benchmark for pricing Iranian crude oil.

TEHRAN (NIOC) – The CEO of Pars Oil and Gas Company (POGC) said the spread of coronavirus had not interrupted gas production from the South Pars joint gas field.

TEHRAN (NIOC) _ The deal covers the group's production level by the next 2 years and will be implemented in 3 stages.

TEHRAN (NIOC) _ Iranian Minister of Petroleum Bijan Zangeneh said OPEC+ had just struck a deal to cut the group’s output by 10 million barrels per day (including 300,000b/d by US) in May and June 2020 which would be accompanied by G20’s decision to cut its oil output by 3.7 mbd for a year.

TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh said the coalition of oil producers at the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies had agreed to curtail the group’s output by 10 mbd.

TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh said the Organization of the Petroleum Exporting Countries (OPEC) and its non-OPEC allies, especially Russia, were finalizing an agreement to cut production by at least 10 million barrels per day.

TEHRAN (NIOC) _ Operator of South Pars Phase 13 development project said the last platform of the offshore project was successfully installed in the Persian Gulf.

TEHRAN (NIOC) _ Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March.

TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.

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.

TEHRAN (NIOC) _ An IPC contract was signed between the National Iranian Oil Company and MAPNA Group to improve the recovery rate, increase production and exploitation of the Parsi and Paranj fields.