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Russian Tatneft signs MoU with Iran

Following two earlier contracts with two Russian oil companies, Iran has signed a memorandum of cooperation in oil and gas industry with a third Russian firm, Mehr news agency reports. Following comprehensive negotiations with Lukoil …

 Zarubezhneft to develop two oil fields in western Iran

The National Iranian Oil Company (NIOC) has signed a basic non-disclosure agreement with Russia’s state-owned energy giant Zarubezhneft over two oil fields in the western Iran, NIOC said in a statement. Under the agreement, the …

 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. …

Iran after expanding joint oilfields

NIOC managing director, Ali Kardor, said the company’s main priory includes development of joint oil and gas fields, Mehr reports. He underlined the importance of human resources in the development prospects of …

Iran plans to double LPG production

Iran plans to double its Liquefied Petroleum Gas (LPG) production, the Deputy Director of International Affairs for Marketing and Crude Oil Operation in the National Iranian Oil Company, Safar-Ali Karamati, said. …

Italy’s Saras to buy Iranian oil

Managing Director of National Iranian Oil Company (NIOC) Roknodin Javadi pointed to the inking of a contract between NIOC and Saras SpA of Italy over crude sales; “the agreement covers a daily sales volume of 65 thousand …

Total to start oil production in South Azadegan

The Iranian National Oil Company (NIOC) has signed a contract with France's Total on the development of the South Azadegan oil field, the Iranian Minister of Petroleum Bijan Zangeneh said. Now Total can …

Baku and Tehran prepare  convergence in energy sector

The Iranian authorities are interested in using the Azerbaijani pipeline, Azerbaijan also intends to invest in oil production in Iran. These topics were included on the agenda of the talks between Azerbaijani President Ilham …

Iran and Greece agree on oil supplies

Greece's oil refiner Hellenic Petroleum and the National Iranian Oil Company (NIOC) have signed a long-term framework agreement on the supply of Iranian oil on Friday. According to the Greek company, the refiner will start buying …