Iran | Egypt Oil & Gas - Part 3
NIDC to Invest around $1 billion in Drilling Equipment
The CEO of the National Iranian Drilling Company (NIDC), Mehran Makvandi, announced that the National Iranian Oil Company will invest $800 million to purchase 15 onshore drilling rigs this year. An additional $200 to ...
Fuel Optimization Company Targets To Save 1.28 mmboe by the end of 2028
The CEO of the Fuel Consumption Optimization Company Hossein Hosseinzadeh announced plans to reduce energy consumption in three sectors: industry, transportation, and construction., aiming to save 1.285 million barre...
Iran Completes Drilling Operations at Bibi Hakimeh Field
A statement issued by Shana News Agency announced completing the drilling operations of an oil well in the Bibi Hakimeh field at the beginning of the year 1404 (March 21). The operations started last year and complete...
Iran Successfully Installs Jacket Platform for Belal Gas Field Project
Iran stated that it successfully completed the installation of the jacket platform for the development project of the shared Belal gas field, located in the reservoir block on the border between Iran and Qatar. The ja...
Iran Targets to Collect 16 bcm of APG Annually
Iran’s Oil Minister Mohsen Paknejad stated that his country is targeting to collect 16 billion cubic meters (bcm) per year of associated petroleum gas (APG) in the Seventh Development Plan (2024-28), Shana reported. H...
PEDEC to Launch First Phase of South Azadegan Processing Unit
The CEO of the Petroleum Engineering and Development Company (PEDEC) Nasrollah Zarei announced that the launch of the first phase of the crude oil processing unit at the South Azadegan joint field will be soon to sta...
Iran to Sign $17B Contracts For South Pars Gas Field Pressure Boost Project
National Iranian Oil Company (NIOC) is set to sign seven contracts for the South Pars (SP) pressure boost project valued at $17 billion, said the company’s Engineering and Development Manager, Reza Dehqa. This follows...
Iran Launches First Oil Dock Established by Private Sector
The Iranian Oil sector announced the operational launch of the first oil dock built by the private sector. The oil dock was constructed by Parsa Fidar Paydar Company for two years in Kangan which is located in the sou...
