Author Archives: khakian

TECHNICAL OIL RECOVERY POTENTIAL FROM RESIDUAL OIL ZONES

I. INTRODUCTION Residual oil zones (ROZ), the portion of an oil reservoir below its traditional producing oil-water contacts, can hold large volumes of previously undocumented and undeveloped domestic oil resources. The first comprehensive report on this topic, “Stranded Oil in the Residual Oil Zone,” examined the origin, nature and presence of ROZ resources.1 The second report “Assessing Technical and Economic ...

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MP Slams US interference in OPEC Decisions

According to ICANA, the Iranian parliament’s website, Fereidoun Hasanvand underlined the upcoming ordinary meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, saying, “The meeting is one of the most important OPEC meetings in decades, because Donald Trump, after pulling out of the JCPOA (Joint Comprehensive Plan of Action), has written a secret letter to some OPEC members, ...

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Oil Market Highlights Crude Oil Price Movements

Oil Market Highlights Crude Oil Price Movements In April, the OPEC Reference Basket (ORB) rose by $4.67, or 7.3%, month-on-month (m-o-m), to average $68.43/b, with Dated Brent and Dubai rising by nearly 9% each, while spot WTI increased by 6%. Year-to- date (y-t-d), the ORB value was $13.85, or 26.7%, higher at $65.67/b, compared with the same period a year ...

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IGAT-6 Operational by March 2019

Speaking to Shana, Hassan Montazer Torbati, the managing director of Gas Engineering and Development Company, said besides the pipeline, nearly 250 km of IGAT-9 will also come online by March 20. “The two lines can guarantee sustainable gas transmission and exports through western provinces of the country,” he said. The official said IGAT-6 project was originally designed to deliver gas ...

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214bcm of Gas Processed

According to the National Iranian Gas Company (NIGC), the director of production coordination and monitoring of NIGC said inauguration of new South Pars phases not only maximized gas supply to the domestic market, it boosted production of byproducts so much so that gas condensate production rose by 11% from the preceding year and ethane and sulfur output of the country ...

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Mop to Hold Conference on Asset Management in Oil Industry

Representatives of domestic and foreign companies are invited to the event which is to be conducted by top Iranian and foreign speakers. Addressing a press conference on the event, Alireza Asl Arabi, director of Petroleum Ministry’s Physical Asset Management System, said the event is being put together with emphasis on a scientific and specific approach to operational processes and maintenance, ...

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​Zangeneh Meets Congo FM, Discusses OPEC Membership of African Country

The two sides considered membership of the central-African country in the Organization of Petroleum Exporting Countries (OPEC). If approved by all members of the oil producing group, Congo will be the 15th member of the organization. Congo (Brazzaville) is among the top five oil producers in Sub-Saharan Africa. Oil production comes almost entirely from offshore oil fields. Congo exports almost ...

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The Oil Trader Tug-Of-War

By Tsvetana Paraskova Despite the recent sell-off, Brent Crude prices continue to be supported by geopolitical events and supply concerns, while the U.S. benchmark WTI Crude has been pressured to the downside by pipeline constraints in the most prolific U.S. shale basin amid record-high American oil production. The discount of WTI Crude to Brent Crude topped $10 a barrel last ...

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Euro-4 Petrol Output of Arak Refinery at 16.5ml/d

According to the National Iranian Oil Refining & Distribution Company (NIORDC) website, the refinery’s director, Alireza Amin, said overhaul of five operation units of the facility began last month and wrapped up in less than one month. He said overhaul operations had completed successfully without any incidents, and the refinery was operating at full capacity. Located in the central city ...

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