Iranian Oil ministry

 Iran expects steep increase in gas output

Iran will see a steep rise in its natural gas output and exports, its deputy oil minister Amir Hossein Zamaninia said on the sidelines of 22nd World Petroleum Congress in Istanbul. Iran's deputy oil minister for …

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Iran to increase oil output by 20%

Iran plans to add around a quarter to its production capacity in the next five years, Iran's Oil Minister Bijan Namdar Zanganeh said. The development of new fields as well as improved oil recovery from mature …

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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 …

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Media: new rules for Iranian oil contracts

Iran's cabinet approved an amended draft for the country's new oil and gas contracts at today's meeting attended by President Hassan Rouhani. "The draft of the general conditions, structure and patterns …

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 NIOC: oil markets to remain stable

NIOC’s director of international affairs, Mohsen Ghamsari, said that Iran has regained about 80% of the market share it held before the US and European Union tightened sanctions on its oil industry in 2012. …

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 Doha meeting ends without agreement

OPEC and non-OPEC producers on Sunday failed to reach a deal to freeze oil output, Reuters reports. The participants of the meeting in Doha acknowledged that the fundamentals are improving. Qatar's minister said that the dynamics of …

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Tehran and Delhi to sign Farzad-B agreement in October

New Delhi and Tehran will sign a contract to develop Iran's Farzad-B gas field in October 2016. This was announced in a joint document after a meeting between the Indian Minister of Oil and Gas, Dharmendra Pradhan, and his …

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Will Iran prevent rescue of oil market?

Tehran's representative to the Organization of the Petroleum Exporting Countries (OPEC), Mehdi Asali, said that he considers "illogical" the proposal to freeze Iran's oil production now, Reuters reports. …

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Shell starts repayment of $2.7 billion debt to Iran

The Anglo-Dutch oil company Royal Dutch Shell has started to repay its debt to Iran of $2.3 billion for oil that had been delivered in 2011 and 2012, the official representative of the Ministry of Petroleum of Iran, Asqar …

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