Development News in Iran

Gazprom & NIOC Sign MoU for Strategic Cooperation
7/19/2022 - During the visit of Russian President Vladimir Putin to the Islamic Republic of Iran, a Memorandum of Understanding for strategic cooperation was signed today in Tehran by Vitaly Markelov, Deputy Chai...
$7.5B Contract with Iranian Consortium in the Offing
5/15/2022 - The CEO of the National Iranian Oil ?Company (NIOC) here announced that a 7.5-?billion-dollar contract on the development of joint fields ?will be soon signed with a domestic consortium.?

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NIOC Inks $500m Deal for South Pars Oil Layer Development
3/16/2022 - The CEO of the National Iranian Oil Company said: Another manifestation of the nationalization of the oil industry was the signing of a contract for the development, production and increase of oil pro...
MOU Signed for Phase II of Masjed Soleyman Oilfield Development
3/15/2022 - The CEO of Petroleum Engineering and Development Company (PEDEC) announced signing of the Memorandum of Understanding for the second phase of Masjed Soleyman oil field development project.

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Iran & Russia Sign Energy Agreements
1/21/2022 - Iranian Minister of Petroleum, Javad Owji, Tehran and Moscow signed multiple agreements in development of oil and gas fields, construction of petro-refineries and technology transfer.

It w...
MOP Resolute to Develop Joint Fields
9/19/2021 - The Deputy Chairman of the Energy Commission of the Islamic Consultative Assembly said: The determination of the Ministry of Petroleum under the 13th administration and the move towards increasing pro...
NIOC Signs Study MoUs with Local Firms for Developing Azadegan Field
5/31/2021 - The National Iranian Oil Company (NIOC) signed three study memoranda with local E&P firms for the development of Azadegan Oilfield. ...
NIOC Awards $1.78B Farzad Field Development to Iran Developer
5/18/2021 - The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with Petropars Group for the development of Farzad B Gas Field in the Persian Gulf. ...
Rouhani Launches Azar Oil Field Development Plan
3/2/2021 - Iranian President Hassan Rouhani signed off on commissioning Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil. ...
Down hole Pumps Enhancing North Yaran Oil Output
12/9/2020 - The head of North Yaran Oil Field Development Project said announced installation of the fifth downhole pump in the field, and said considering that five more such pumps will be installed in the field...
Azar Development Project on Verge of Commissioning
10/4/2020 - The operator of Azar oil field development project said the cumulative output of the project in the early production phase has been above 30 million barrels so far and it is on the verge of full opera...
Installation of the Third Generation of SRP in North Yaran Field
8/8/2020 - The third generation of sucker-rod pump (SRP) was installed for the first time in ??West Karoun oil fields at well No. 14 of North Yaran field and increased the oil production capacity of this joint f...
Petropars Is a Symbol of National Technology
7/21/2020 - Minister of Oil in the signing ceremony of contracts to complete the development of the South Azadegan joint oil field and the construction of the South Azadegan oil field’s Central Treatment Export P...
PEDEC Signs Deal with Petropars for Azadegan Oilfield Development
7/20/2020 - The Petroleum Engineering and Development Company (PEDEC) has signed a contract with Petropars Group for completing the development of South Azadegan joint oilfield besides building a 320,000 b/d cen...
NIOC Awards Joint Field Development to Local Firm
7/11/2020 - The National Iranian Oil Company (NIOC) has signed a contract with Persia Oil and Gas Industry Development Company (POGIDC) for the development of Yaran joint oilfield. ...
Iran Will Increase Output from West Karoun Fields by 1 mb/d
4/19/2020 - West Karoun is now known to Iranians. This border area is expected to form Iran’s oil civilization. According to plans, Iran intends to increase output from the 11 oil fields located in West Karoun by...
Azar Oil Field to Start Production at Full Capacity
2/22/2020 - The Azar oil field, which Iran shares with neighboring Iraq, is one of the most challenging hydrocarbon fields in terms of drilling. It is currently in the final stages of development. Iranian contrac...
Petropars Developing South Pars Phase 11 Alone
1/25/2020 - Iranian Minister of Petroleum Bijan Zangeneh said Iran's Petropars was developing Phase 11 project of South Pars gas field as CNPC International and Total had fully abandoned the project. ...
Offshore Section of S.P Phase 14 Complete by December
11/26/2019 - The operator of phase 14 development project of the South Pars gas field said the offshore section of the project would be complete by December. ...
SP22-24: Two Platforms Sailed Out Simultaneously
10/19/2019 - Having been sea fastened, two remaining decks belonging to phases 22-24 were sailed out to their locations. ...

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