Number of oil, gas wells dug by NIDC rises 25% in 4 months yr/yr
The number of oil and gas wells dug by National Iranian Drilling Company (NIDC) since the beginning of the current Iranian calendar year (March 21) has increased by 25 percent compared to the same period last year, according to the NIDC head.
Russian gas maintenance puts EU on edge
The European Union, which itself imposed a draft of sanctions against Russia and the country’s energy exports, has been left anxious after Moscow began annual maintenance work on its biggest gas pipeline to Germany.
Domestic firms supply 85% of Iran’s gas pressure station equipment
Managing Director of Iran Gas Engineering and Development Company (IGEDC) Reza Noshadi has said 85 percent of the equipment used in the country’s natural gas pressure boosting stations is supplied by domestic manufacturers, Shana reported.
Turkmen Gas Swap Through Iran to Azerbaijan to Double
Oil Minister Javad Owji says the country has reached agreements with Turkmenistan and Azerbaijan to double the amount of natural gas exchanged between the three as part of a deal reached in November.
Iran Ready for Gas Swap From Turkmenistan to Armenia
In a meeting with the Armenian Minister of Territorial Administration and Infrastructures, the Oil Minister stressed readiness of the Iranian gas network to start a gas swap from Turkmenistan and to increase gas exports to this country.
Tehran, Baghdad reach agreement on settling gas debt
Iraq’s Acting Electricity Minister Adel Karim announced reaching an agreement with Iran on settling his country’s gas debts to the Islamic Republic, IRIB reported.
Govt. praises Oil Ministry for ensuring uninterrupted gas supply in winter
Ali Bahadori Jahromi, spokesman for the Iranian government, has praised the Oil Ministry’s efforts for ensuring uninterrupted natural gas supply during the winter, Shana reported on Wednesday.
Iran Needs $80b Investment to Produce 1.4b cm of Gas
Oil Minister Javad Oji says according to estimates, Iran needs some $80b investment in order to produce 1.4b cubic meters of gas, noting that the oil industry has brought the country over $43 billion of revenues in the previous Iranian calendar year (ended on March 20).
Iran Oil, Gas Reserves Estimated at 1.2 Trillion Barrels
Iran has the equivalent of over 1.2 trillion barrels of oil and gas as a senior Oil Ministry official says the country will be able to tap those reserves for at least a century from now.
Iran Ready for Gas Swap With GECF Member States
Iran Oil Minister Javad Owji announced that Tehran is prepared to trade natural gas and Liquefied Natural Gas (LNG) with members of the Gas Exporting Countries Forum (GECF) through various ways including swap, transit and other common methods.