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New KEPCO CEO Appointed

Mr. Kardor issued a decree replacing Mohsen Delaviz with Mr. Osouli on Sunday. Comprehensive planning and organizing management of oil and gas exploration projects in the Caspian Sea, accelerating the creation of necessary infrastructure with the aim of exploiting hydrocarbon resources of the Caspian Sea, exerting every effort to implement a memorandum with the Republic of Azerbaijan, and maintaining Amir ...

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Iran Gas Exports up 60%

According to NIGC, Behzad Babazadeh said the country’s natural gas exports increased 60% last calendar year, adding the exports reached 13.8 billion cubic meters and were expected to grow even higher in future years. Understanding the operational and technical challenges faced by exports, gas swap and transit through pipelines and FLNG vessels, marketing of side-products such as liquefied petroleum gas ...

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First offshore Platform of SP 22 to 24 Installed

According to Pars Oil and Gas Company (POGC), Farhad Izadjou, operator of the development project of the phases, said, given completion of offshore drilling operations and preparation of Phase 22 platform, the installation process of the 2300-tonne structure was carried out by the HL 5000 barge and it was predicted that by laying the CRA pipes and completing the hook-up ...

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Petchem Development can Ensure GDP Growth: MP

Speaking to Shana, Mohammad Mahdi Mofatteh, spokesperson of the parliament’s energy committee, said fresh and timely investments are required for maximizing the effectiveness of the sector in the country’s economy. He said the petrochemical industry is a lucrative one for investors and can generate jobs. “The more the sector is developed, the more it can be helpful in increased GDP ...

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Iran: Trump’s Sanctions Can’t Touch Our Oil

By Tim Daiss As the geopolitical drama between not only Iran and the U.S., but between the U.S. and its EU allies unfolds over Trump’s decision to pull out of the 2015 Iranian nuclear deal, Iran is vowing that U.S. sanctions can’t touch its oil exports. Of course, there is one caveat in that claim and that is based on ...

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IOEC Signs Major Foreign Financing Deals

TEHRAN (Shana) — The Iranian Offshore Engineering and Construction Company (IOEC) has signed a number of letters of intent worth $400 million to $500 million with foreign financing firms for developing oil and gas fields, CEO of IOEC said on Wednesday. Abol-Qasem Rahmani said: “Under new oil contracts, foreign companies have to establish partnership with Iranian companies in the development ...

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