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MEOG                                        NEWS IN BRIEF                                              MEOG








       OIL                                 base an explosion caused considerable   Company (NIOC).
                                           damage.                                As the second-biggest gas producer in
       Six oil tankers destroyed in        BNN                                  the country, this company has undertaken
                                                                                the production and development of most
       explosion in north-western  ICOFC to set up pressure                     of the country’s onshore fields located in
                                                                                Ilam, Bushehr, Chaharmahal-Bakhtiari,
       Iran                                boosting stations for                Northern Khorasan, Khuzestan, Fars, Qom,
                                                                                Kermanshah, Kohgiluyeh-Boyerahmad,
        At least 30 vehicles have been destroyed or   central fields            Lorestan and Hormozgan Provinces.
       damaged after six fuel tankers exploded in an                              According to the ICOFC, the company
       industrial town in north-western Iran. The   Iranian Central Oil Fields Co. (ICOFC) is   currently supplies almost half of the country’s
       incident is the latest in a series of explosions   going to implement a $600-million project   gas demand.
       and fires that have rocked the nation in recent   for setting up pressure boosting stations to   TEHRAN TIMES
       weeks.                              ensure sustained gas supply to refineries in the
         Following the explosion fire swept through   country’s central regions.  Petronas restarts
       nearby vehicles and parts of the town of   As reported by Shana, the mentioned
       Dolatabad in Kermanshah province. “Six fuel   project is aimed for the stable supply of   production at Gharraf
       tankers caught fire and exploded causing a   feedstock to Parsian Gas Refinery in Fars
       large fire in a parking lot in Dolatabad,” the   Province, Fajr Jam Gas Refinery in Bushehr   Petroliam Nasional Bhd (Petronas) has
       ISNA news agency quoted the deputy head   Province, and Ilam Gas Refinery in Ilam   restarted production from the Gharraf
       of the Kermanshah fire department Keyvan   Province.                     oilfield (pic) in Iraq after going offline for
       Maleki as saying.                     According to Mohammad Bahmaei,     four months since mid-March, when it
         “Fortunately, we did not have any casualties  the ICOFC’s investment and development   brought Malaysian workers home amid the
       in this incident and only a few people were   manager, due to the natural decline in the   Covid-19 pandemic, a spokesman from Japan
       injured,” said Maleki. He added that the cause   recovery factor of gas fields and the fact that   Petroleum Exploration (Japex) told S&P
       of the incident is under investigation.  most of these fields are in their mid-life age,   Global Platts.
         Since June numerous unexplained   this program has been defined, which includes   The resumption of work at the oil field
       explosions and fires have taken place at   the construction of gas booster stations in   in southern Iraq followed the dispatch of
       nuclear plants, military bases, and industrial   Kangan, Tang Bijar, Homa, Tabnak, Naar, and   personnel in mid-June by the national oil
       sites. There are unconfirmed reports there was   Varavi fields.          company, after it had formed action plans
       an explosion on Saturday night on Qeshm   In this regard, the necessary permits have   with the Iraqi government that included
       Island in southern Iran.            been obtained and negotiations are underway   transporting of staff.
         On 10 July an explosion rocked the city   with contractors and domestic equipment   However, it is not evident when exactly
       of Shahr-e Qods in Tehran province and   manufacturers for the construction of the   the Gharraf oil field will continue production.
       Garmdarreh west of Tehran. Two people were   mentioned stations under Engineering   Petronas declined to comment further when
       killed in an explosion at an industrial plant   Procurement, Construction and Financing   contacted by theedgemarkets.com.
       south of Tehran on 7 July.          (EPCF) contracts, Bahmaei said.        On March 18, Petronas announced that
         On 2 July a fire extensively damaged the   The official noted that for some of the   it has safely evacuated all 80 of its Malaysian
       underground Natanz plant which housed   mentioned fields like Homa, Varavi, and   employees from Petronas Carigali Iraq
       Iran’s uranium enrichment program. Around   Tabnak, the contractors have been chosen,   Holding BV (PCIHBV), located in the
       the same time nineteen people were killed   the contracts are signed and the executive   Gharraf Contract Area in Dhi Qar Province,
       when an explosion occurred at a medical   operations have been started.  Iraq.
       facility in the northern part of Tehran.  Established in 1999, Iranian Central Oil   Petronas said it was part of the group’s
         On 26 June 26, east of Tehran near the   Fields Company is one of the five major   precautionary measure to ensure the health,
       Parchin military and weapons development   subsidiaries of the National Iranian Oil   safety and well-being of its employees.
                                                                                  It also said PCIHBV has issued the
                                                                                necessary notice in accordance with the
                                                                                provisions of the development and production
                                                                                services contract and engaged with the host
                                                                                authority prior to the suspension of operation
                                                                                and evacuation of its employees.
                                                                                THE EDGE
                                                                                KIPIC starts operation of

                                                                                gas line feeding Al-Zour

                                                                                Kuwait Integrated Petroleum Industries Co
                                                                                (KIPIC) has begun operating the gas line that
                                                                                will feed its long-delayed Al-Zour refinery,
                                                                                state news agency KUNA said on Tuesday.
                                                                                  Originally planned more than a decade ago



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