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First tanker of Iranian oil already on its way to Europe

The first tanker with Iranian oil, chartered by Litasco, has departed from Iran's loading terminal at Kharg Island in the Persian Gulf for Europe, Bloomberg reported. According to the agency, the tanker, which can hold 1 million barrels …

Iranian oil bids to be tendered in spring

The Iranian National Oil Company of Iran hasn't signed a contract with Lukoil, Deputy Director General on Investments Ali Cadore stated. According to him, the signing of documents will take place after the relevant …

LUKOIL reaches agreement on a number of projects in Iran

During last week's visit to Iran, the head of LUKOIL, Vagit Alekperov, reached an agreement with the authorities of the country on the possible involvement of the company in several mining projects in the country, Deputy Energy Minister ...

Lukoil to develop Iranian oil in Khouzestan

Russian Lukoil has signed a contract on two exploration projects in Iran. "Iran has signed a deal with Russia’s Lukoil over two exploration projects in the country’s southwestern oil-rich Khouzestan province," …

Russia sets new record in oil production

The Central Dispatch Administration of the Fuel and Energy Complex has published research data, according to which at the end of 2015 Russia produced 534.081 million tons of crude oil and gas condensate, which is 1.4% more than in 2014. …

Iran opens its doors to foreign investors

In anticipation of the lifting of oil sanctions, Iran is actively developing contacts with all possible partners for the development of its oil and gas market, which is in desperate need of investments and modern technologies, which can be …

Total and Lukoil negotiating to buy Iranian oil

The National Iranian Oil Company has started negotiations with the French company Total and Russian Lukoil on the purchase of oil from Iran after the Western sanctions will be lifted, the director of International Affairs of the National Iranian …

Lukoil prepares to return to Iran

Russia’s Lukoil has expressed readiness to return to the Iranian oil market, Iranian deputy petroleum minister Amir Hossein Zamaninia said. Lukoil’s president Vagit Alekperov met with ...