Iranian Oil ministry

Fire at Iran oil ministry building put out

The main building of the Iranian Oil Ministry on Taleghani Street has been secured after the fire on the 15th floor was put out this morning, Mehr news agency reports. Latest reports indicate that the main building of the Iranian Oil …

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What to expect after July OPEC+ summit?

OPEC+, a group of 24 oil-producing countries, look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude …

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Zanganeh: OPEC doomed to dissolution

Iran backed cooperation with non-OPEC oil exporter states, but believes that an organisation, where Russia and Saudi Arabai strive to challenge the interests of other members, is doomed to dissolution, Iran’s Oil Minister Bijan …

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Oil discovered in Iran's Abadan region

Iran has discovered oil in the southwestern Abadan region for the first time, the republic's Oil Minister Bijan Namdar Zanganeh said. According to him, the oil was found at a depth of 3,570 meters in an exploratory …

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 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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