Iranian Oil

Iran’s Oil, Gas Revenues To Hit $41B

Iran’s Oil, Gas Revenues To Hit $41B

Tehran has been quickly ramping up crude oil production, aiming to reach pre-sanction levels

Iranian oil minister predicts $41 billion in oil export earnings

Iranian oil minister predicts $41 billion in oil export earnings

Iran will earn $41 billion from oil and gas condensate exports by the end of the present fiscal year in March, the Iranian Oil Minister Bijan Namdar Zanganeh said. "The sale of oil and condensates will reach $41 …

India#039s 2016 Iran oil imports hit record high - trade

India's 2016 Iran oil imports hit record high - trade

In most of 2016 there was a fight among Gulf producers to increase their market share

 Iran qualifies foreign companies for oil and gas tenders

Iran qualifies foreign companies for oil and gas tenders

Iran has qualified 29 international companies to bid in tenders for oil and natural gas development projects as the company seeks foreign investment to revitalize its industry following the end of international sanctions.  The …

Iran increases oil sales to BP and Shell

Iran increases oil sales to BP and Shell

Iran has increased its sales of crude oil as well as condensate to global energy giants Shell and BP, the Director for International Affairs of the National …

Why Iran#039s Rial Hit an All-Time-Low Against the US Dollar

Why Iran's Rial Hit an All-Time-Low Against the US Dollar

Today $1 costs 100 thousand Iranian rials, that is an all-time-low rate against dollar. Although several reasons for the slide have been put forward by economists – amongst them the strength of the dollar against other currencies in the …

Iran sees foreign investors flocking to energy sector

Iran sees foreign investors flocking to energy sector

The cost of doing business here is very low, an Iranian oil director says

Malaysia to help Iran in developing two oilfields

Malaysia to help Iran in developing two oilfields

National Iranian Oil Company (NIOC) and Malaysia's Petronas (Petroliam Nasional Berhad) plan to sign a memorandum of understanding (MoU) on the development of Cheshmeh Khosh and South Azadegan oilfields. Iran has already signed …

Monitoring the Oil Market After OPEC Agreement

Monitoring the Oil Market After OPEC Agreement

Indicators of the actual market balance

Iran gives 7 oil projects to Russia

Iran gives 7 oil projects to Russia

Iran plans to assign development of seven oil fields to Russian companies, Iran’s Oil Minister Bijan Namdar Zanganeh said, explaining that Russian companies would develop and increase the recovery rate of the fields. …

Sanai: Iran interested in Russian energy companies

Sanai: Iran interested in Russian energy companies

Iran is interested in the presence of Russian energy companies on its market, and certain agreements are expected to be signed soon, the Iranian Ambassador in Moscow Mehdi Sanai said. "Iran is very much interested …

Shell and Total are returning to Iran

Shell and Total are returning to Iran

despite Donald Trump's nuke deal threats

 BP to pay off Iran’s debts

BP to pay off Iran’s debts

British Petroleum (BP) is ready to settle debts to Iran, the Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia said. According to him, several negotiations have been conducted …

What Azerbaijan Plans To Do When The Oil Runs Out

What Azerbaijan Plans To Do When The Oil Runs Out

The oil is running out and the need to diversify its streams of economic sustenance is more vital now than ever

Oil demand in India to more than double by 2040

Oil demand in India to more than double by 2040

OPEC Sends Brent Crude Soaring Amid Pledge To Work With China, Russia

How Iran, Russia Could Derail Oil-Production Deal

How Iran, Russia Could Derail Oil-Production Deal

OPEC members engage in a last-minute blitz of diplomacy ahead of a meeting today

Analysts get tired of explaining oil price fluctuation

Analysts get tired of explaining oil price fluctuation

Oil prices climb ahead of key OPEC meeting

Talks between OPEC and non-OPEC oil exporters canceled

Talks between OPEC and non-OPEC oil exporters canceled

Today the group is holding another internal meeting to try to resolve its own differences

5 dead as oil rig helicopter crashes off Iran coast

5 dead as oil rig helicopter crashes off Iran coast

A helicopter belonging to the National Iranian Oil Company, flying from an offshore oil rig, has plunged into the Caspian Sea, killing all those on board. Rescue workers have pulled the bodies of all five victims from the water, Press TV …

Eni to Restart Work in Iran After Debt Repaid

Eni to Restart Work in Iran After Debt Repaid

Italian oil major Eni will start working again in Iran when it has been repaid investments previously made and when it understands the type of contracts Tehran will be offering, CEO Claudio Descalzi said on Thursday. "We are still …

Oil Rises as OPEC Delegate Says Everyone ‘On Board’ for a Deal

Oil Rises as OPEC Delegate Says Everyone ‘On Board’ for a Deal

OPEC members have made progress toward completing a deal to cut output

OPEC Members Shooting For Up To $60 Per Barrel

OPEC Members Shooting For Up To $60 Per Barrel

Iranian Oil Minister expects higher oil prices this year

IEA: Iran’s oil output to reach 6 mb/d by 2040

IEA: Iran’s oil output to reach 6 mb/d by 2040

The International Energy Agency estimated that Iran’s oil output would increase to 6 million barrels per day (mb/d) by 2040. "Growth in oil demand slows over the projection period, but tops 103 mb/d by 2040," IEA said in …

The end of two-year policy of pumping without limits?

The end of two-year policy of pumping without limits?

OPEC, Russia expand diplomatic push to secure oil-cuts deal

Iran begins oil production at Yaran field

Iran begins oil production at Yaran field

Iran has commenced oil production from North Yaran oilfield with an output of 30,000 barrels per day with the 10 wells drilled so far, the project's development manager said, Trade Arabia reports. Iran's priority is to …

Iran hopes to sign new energy deals with Russia

Iran hopes to sign new energy deals with Russia

Tehran is hoping to sign new agreements with Russian energy companies by mid-December, Iran's Deputy Oil Minister Amir Zamaninia said. "We hope that by the second half of December, we are ready to sign major …

Oil price falls as Saudi Arabia and Iran argue over output

Oil price falls as Saudi Arabia and Iran argue over output

Rising tension has threatened to derail talks this month aimed at cutting oil production by Opec countries

India#039s Essar oil imports from Iran up 8%

India's Essar oil imports from Iran up 8%

India's Essar Oil imported about 8.3% more Iranian oil in September compared to last year (about 132,000 barrels per day). Iran's share in overall imports by Essar Oil in the January-September period rose to about 46% while …

Algiers deals approval hinges on Iraq, Iran: Azerbaijan

Algiers deals approval hinges on Iraq, Iran: Azerbaijan

Adoption of a road map on Algiers agreements, reached after OPEC and non-OPEC meeting, will depend on positions of Iraq and Iran, which earlier rejected to cut oil output, Azerbaijan’s Energy Minister Natig Aliyev told reporters Oct. 29, …

Iran crude oil exports to hit four-month low in November: source

Iran crude oil exports to hit four-month low in November: source

Low seasonal demand in Europe takes the edge off its post-sanctions export bonanza