Iranian Oil

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 …

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