Petropars Company News

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Venezuela, Iran Ink Oil Invest Deals for South Pars, Dokobuki Field
Iran and Venezuela signed three memorandums of understanding in the energy sector in Tehran on Sunday as part of a visit to the country by Venezuelan President Hugo Chavez.
8:00 PM EST | September 07, 2009
Petropars Approves Farm-Out of Cabinda North License in Angola
InterOil's agreement with Petropars to sell 10% in the Cabinda North license in Angola has been approved by Petropars' board.
8:00 PM EST | August 03, 2009
U.S. Representative: Venezuela, Iran Oil Deal Violates U.S. Sanctions
Republican Representative Ileana Ros-Lehtinen claims that Venezuela's oil deal with Iran runs contrary to U.S. sanctions against the radical Islamic nation.
7:00 PM EST | February 06, 2008
PdVSA Expects to Invest $4B in Venezuelan Oil Block with Iran
PdVSA expects to invest around $4 billion to develop the Ayacucho 7 oil block with Iranian oil firm Petropars, PdVSA said in a statement Tuesday.
8:00 PM EST | July 10, 2007
PDVSA, Iran's Petropars Begin Ayacucho 7 Block Drilling
Venezuela's state oil company PDVSA and Iran's Petropars have begun drilling well MFK-4E in the Ayacucho 7 block of Venezuela's Orinoco oil belt, PDVSA said in a statement.
8:00 PM EST | September 20, 2006
PDVSA, Iran's Petropars Sign JV Agreement
Venezuela's state oil firm PDVSA and Iran's national oil company Petropars have signed a joint venture agreement, Venezuela's President Hugo Chavez said during a state visit to Tehran.
8:00 PM EST | July 31, 2006
Petrobras to Begin Exploration in Chaco Region
Petrobras will begin exploration for oil and gas in Paraguay's northwestern Chaco region, a Petrobras spokesperson told BNamericas, confirming local press reports.
8:00 PM EST | July 19, 2006
PDVSA, Petropars to Develop 3Tf3 Cardon II Block
The Cardon II offshore block in the Gulf of Venezuela has 3 trillion cubic feet (Tf3) of natural gas and will most likely be developed jointly by Venezuela's state oil firm PDVSA and its Iranian counterpart Petropars.
8:00 PM EST | May 31, 2006
PDVSA, Petropars Want to Produce Liquid Fuels in Orinoco Belt
PDVSA and Iran's Petropars could explore and produce jointly in the Orinoco oil belt under a partnership that could use new technology called in situ cracking to upgrade the extra-heavy crude abundant in the area into gasoline and other liquid fuels.
8:00 PM EST | May 30, 2006
PDVSA, Iran's Petropars to Develop Natural Gas Blocks
Venezuela's energy and oil ministry signed an agreement with Iran's oil ministry last week to study joint hydrocarbons exploration and production projects, including the development of natural gas fields.
7:00 PM EST | March 14, 2005
Two Iranian Oil Companies to Merge
Two Iranian oil companies have decided to merge in an effort to increase the country's production.
8:00 PM EST | July 13, 2003