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                    Selected News:   

IOOC Seeking Higher Rate of Oil Lift


TEHRAN Sept 20 (Shana)--The Iranian Offshore Oil Company (IOOC) injects 400 thousand barrels of water to the wells covered by the company, the highest volume of water injection in the country.

Managing director of IOOC Saeed Hafezi said the company pursues preservation projects of oil reservoirs as a top priority and, to this end, it injects one barrel of water or a certain amount of gas in order to maximize benefits from recovery of one barrels of oil.

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Iran, Russia Can Benefit From Sanctions 


TEHRAN Sept 17 (Shana)--Iran and Russia can take advantage of sanctions imposed against them to broaden their ties, an Iranian deputy petroleum minister said.

“With the sanctions imposed against the two countries, they can know each other’s potentials further and expand their cooperation,” Ali Majedi, who is deputy minister for international affairs and trading, said.

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Russia Firms Ready to Build IGATs


TEHRAN Sept 20 (Shana)--Russian companies have voiced their readiness to complete or construct Iran gas trunklines (IGATs), a senior official at National Iranian Gas Company said.

Asghar Soheilipour, director of investment committee at NIGC, said the Russian firms are ready to handle IGAT-6, IGAT-7, IGAT-9 and IGAT-11, all destined to export Iran’s gas.

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