The South Azadegan Oil Field MDP Finalizes

Tuesday, 7, June, 2011 - TEHRAN May 28 (Shana): The Master Development Plan presented by the foreign company in charge of development of the first phase of South Azadegan oil field has been ratified by the National Iranian Oil Company, Abdolrahman Gorjizade the operator of the project said here on Monday.

The Oldest ME Oilfield Resumes Production

Wednesday, 25, May, 2011 - TEHRAN May 22 (Shana): Oil production has been resumed from nine out of seventeen abandoned oil wells of Masjed Solyman oil field as the oldest oil field in Iran and the Middle East, Petroleum Engineering And Development Company (PEDEC) managing director Naji Sadouni said here on Sunday.

Seraje Gas Storage Facility Starts Trial Operation

Tuesday, 17, May, 2011 - TEHRAN May 16 (Shana): The first gas storage facility in the Middle East has started its trial operation in Seraje near the holy city of Qom, the managing director of the Iranian Central Oil Fields Company (ICOFC), Mehdi Fakour said here on Monday.

SP Phase 14 Drilling To Start This Week

Tuesday, 17, May, 2011 - TEHRAN May 15 (Shana):The operator of the South Pars gas field phase 14 says drilling of the first well will be started this week three month earlier than schedule.

Iran’s Oil Refining Capacity Raising to 3.3 Mb/D

Tuesday, 17, May, 2011 - TEHRAN May 7 (Shana): Total oil refining capacity of the nine existing Iranian oil refineries is 1.670 million barrels a day that is scheduled to climb to 2.14 million barrels a day up to the end of the Fifth Five Year Development Plan in 2015 and 3.4 million barrels a day until the ‘20 Years Horizon’ in 2025, the combined planning manager at the National Iranian Oil Refining And Distribution Company (NIORDC) said here today.

Kish Gas Reservoir Holds 70 Trillion Cubic Feet of Gas

Sunday, 1, May, 2011 - TEHRAN April 30 (Shana): The managing director of the Petroleum Engineering And Development Company (PEDEC), Naji Sadouni says Kish gas field reservoir holds more than 70 trillion cubic feet of gas and it is thought the exact figure to be higher.

Discovering Five Oil and Gas Fields Is Certain, NIOC Official

Wednesday, 27, April, 2011 - TEHRAN April 26 (Shana): The managing director of the Exploration Department at the National Iranian Oil Company (NIOC) Seyed Mahmoud Mohaddes reported of the possibility of discovering at least five oil and gas fields during the current Iranian calendar year that started on 21st March 2011.

Iran’s Recoverable Oil Reserves Stand at 155 Billion Barrels

Saturday, 16, April, 2011 - TEHRAN April 16 (Shana): the Managing Director of the National Iranian Oil Company (NIOC) said here on Saturday that according to the latest seismological studies, the recoverable oil reserves of Iran which stood at 151.3 billion barrels last year are now 155 billion barrels.

SP Phase 12 Pipe Laying Completed

Saturday, 16, April, 2011 - TEHRAN April 13 (Shana): The project manager of the South Pars gas field phase 12 at the Pars Oil and Gas Company (POGC), Rasoul Fallahnejad, says the phase’s gas pipe laying has been completed.

Two Oil Refineries Project Coming Online This Year

Saturday, 16, April, 2011 - TEHRAN April 13 (Shana): The managing director of the National Iranian Oil Engineering and Construction Company (NIECEC) Farhad Ahmadi says two boosting capacity and upgrading plans will come on stream this year one at Imam Khomeini oil refinery in Arak city and another one at Shahid Tondgoyan oil refinery in Tehran.

IOECC’s To Implement Offshore Projects Worth $9 Billion

Saturday, 16, April, 2011 - TEHRAN April 12 (Shana): The managing director of the Iranian Offshore Engineering And Construction Company (IOEC), Ali Taheri says the company’s ongoing projects having a value of 9 billion dollars up three times when compared with previous year.