Iranian Oil

All OPEC members back extension of oil output cut deal, Iran Oil Minister says

All OPEC members back extension of oil output cut deal, Iran Oil Minister says

All members of the Organization of the Petroleum Exporting Countries (OPEC) appear to be supporting the extension of the oil production curtailment agreement, but the timeframe remains the topic for discussion, …

Saudis losing market share to Iran, Iraq on oil cuts

Saudis losing market share to Iran, Iraq on oil cuts

as a result of OPEC’s agreement to curb supplies to bolster prices

Iran to back extension of oil output cuts

Iran to back extension of oil output cuts

Most oil producers support an extension of output cuts by OPEC and non-OPEC countries, and Iran would also back such a move, Iranian oil minister Bijan Namdar Zanganeh said. Zanganeh stressed that most countries want …

Iran Keen to Develop Caspian Reserves

Iran Keen to Develop Caspian Reserves

The National Iranian Oil Company is eager to develop offshore oil and gas fields in the Caspian Sea

Iran struggles to expand oil exports

Iran struggles to expand oil exports

as its sea storage cleared

Oil prices are entering a bearish trend despite supply deal

Oil prices are entering a bearish trend despite supply deal

Oil prices have entered a bearish trend despite short-term bounces, supply cuts and improved demand estimates

Tatneft to study Shadegan oil field in Iran

Tatneft to study Shadegan oil field in Iran

Russian company Tatneft will soon begin exploration of the Shadegan field in Iran, corresponding memorandum was signed by representatives of Tatneft and Iranian NISOC. "Tatneft must sent the results and its plan to Iran in six …

Iraq and Iran agree to resolve dispute on joint oil fields

Iraq and Iran agree to resolve dispute on joint oil fields

Iraq and Iran occasionally accuse each other of overstepping when it comes to the shared oil fields

 Sharp rise in Iran#039s crude oil shipments to Europe

Sharp rise in Iran's crude oil shipments to Europe

Iran is making rapid forays into the European crude oil market

Two more Russian companies keen to develop Iranian oil fields

Two more Russian companies keen to develop Iranian oil fields

Russia’s oil-producing companies Zarubezhneft and Tatneft have submitted applications to participate in a tender on development of oil fields in Iran. The tender is organized by National Iranian Oil Company (NIOC),TASS reported …

Russia and Iran in talks over oil-for-goods swaps

Russia and Iran in talks over oil-for-goods swaps

Russian Energy Minister Alexander Novak said that Russia is negotiating the issue of daily purchases of 100,000 barrels of oil from Iran. "Currently those issues are being negotiated," he said, adding …

Iran to present oil and gas contracts in Russia

Iran to present oil and gas contracts in Russia

The Iranian delegation will arrive in Russia to present the conditions of oil and gas contracts to Russian companies -the Russia Energy Minister Alexander Novak said following his talks with the Iranian Oil Minister Bijan …

Middle East petrostates moving beyond crude oil

Middle East petrostates moving beyond crude oil

Diversification brings in Japanese partners, including at Dubai refinery

Iran ring up oil production

Iran ramping up oil production

The country's oil output will increase to 4 million bpd by April

Iran discovers new shale oil deposit

Iran discovers new shale oil deposit

Iran has made a shale oil discovery estimated at 2 billion barrels, an official from the National Iranian Oil Company (NIOC) said. The light crude find was made in the country’s western Lorestan province in the Ghali Koh area, the …

Iran prepares to begin oil production at South Pars field

Iran prepares to begin oil production at South Pars field

Iranian Oil Minister Bijan Namdar Zanganeh said that Islamic Republic will begin oil production at South Pars field by the end of the current fiscal year (March 21, 2017). According to him, considering the conditions of …

China to invest in Iranian refinery - media

China to invest in Iranian refinery - media

The contract worth 3.6 billion dollars for investment in Masjed Soleyman Petrochemical Industries Co. (MIS) was signed between Iran and China. The Memoranda of Understanding was inked between Iran and China at presence of Minister of …

Iran found billions barrels of oil

Iran found billions barrels of oil

Iran has discovered 13 new oil and gas fields

Facing multiple pressures, oil prices move lower

Facing multiple pressures, oil prices move lower

OPEC sees shale oil rising, while Europe sees short-term economic woes ahead

Iran announces new oil and gas discoveries

Iran announces new oil and gas discoveries

Iran has discovered 15 billion barrels of oil, the managing director of the National Iranian Oil Company, Ali Kardor, said, noting that a projected 2 billion barrels were recoverable. He also said 1.8 tcm (63.6 …

NIOC Says Iran Crude Output to Hit 4mbd by March

NIOC Says Iran Crude Output to Hit 4mbd by March

Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says Iran's crude oil production will reach 4 million barrels per day by the end of the current Iranian calendar year to March 20 2017, Shana news agency reports. …

Iran to hold tender for oil, natural gas fields in mid-February

Iran to hold tender for oil, natural gas fields in mid-February

Iran will launch new contracts to develop oil and natural gas fields in mid-February in the country's first such tender since the lifting of international sanctions a year ago, an oil official said on Saturday, Reuters reported. …

OPEC Cuts Oil Output

OPEC Cuts Oil Output

The Organization pumped 32.3 million barrels a day in January

New oil and gas fields found in Iran - media

New oil and gas fields found in Iran - media

New large-scale oil and gas fields are found in Iran, the deputy head of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri said. According to him, the Iranian oil minister will provide full information on …

Iran lifts crude oil output to 3.9 mil b/d, supporting rising exports

Iran lifts crude oil output to 3.9 mil b/d, supporting rising exports

Iran is exceeding its deemed OPEC production ceiling

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 …