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Saturday 4/3/2021
15th OPEC+ Ministerial Meeting Concludes
TEHRAN (NIOC) _ The 15th OPEC and non-OPEC Ministerial Meeting Ministers was held via video conference on Thursday April 1, 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.
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Saturday 4/3/2021
OPEC+ Agrees Gradual Easing of Crude Oil Cuts
TEHRAN (NIOC) _ OPEC and its allies reached a consensus on Thursday on easing crude oil output cuts by 350,000 bpd for May and June, and by 450,000 bpd as of July.
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Friday 3/19/2021
1st SPM System of Jask Oil Terminal Installed
TEHRAN (NIOC) _ The first Single Point Mooring system (SPM) with a capacity of 7,000 cubic meters per hour for crude oil export, was installed on Thursday (March 19) in the offshore position of this terminal in the Kouhmobarak area of Hormozgan province and entered the commissioning phase.
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Wednesday 3/10/2021
Ceaseless Drilling Operations under Way at Phase 11
TEHRAN (NIOC) _ The CEO of Petropars Group said despite the unfavorable and unstable winter weather conditions in the Persian Gulf, drilling operations of Phase 11 of South Pars Gas Field continue seriously without any interruptions, and so far, 4,180 meters of drilling has been carried out in the project.
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Saturday 3/6/2021
Minister:
Oil Market is Unchanging Currently
TEHRAN (NIOC) _ Iran’s Minister of Petroleum, Bijan Zangeneh, said after the 14th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference that there is stability in oil market at present.
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Thursday 2/25/2021
OPEC’s 8th International Seminar Postponed to 29-30 June 2022
TEHRAN (NIOC) _ The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria.
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Wednesday 2/17/2021
First 3.2 MW Pump of Goreh-Jask Project Delivered
TEHRAN (NIOC) _ The first 3.2-MW pump made in Iran, after successfully passing performance tests, was delivered to the Goreh-Jask crude oil transfer project and reached the installation site in Pumping House No. 2, located 50 km off Bushehr.
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Friday 2/5/2021
Ab Teimour Up for Investment
TEHRAN (NIOC) _ Although ten giant oil fields in Iran account for the bulk of Iran's oil production, they are all in the second half of their lifecycle as inadequate investment in them, over years, has left their recovery rate at a low level.
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