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Oil, Derivatives Supply Infrastructure Expands

EghtesadOnline: Crude oil and the derivatives supply chain has extended by another 700 kilometers, managing director of the Iranian Oil Pipeline and Telecommunication Company's Tehran office said on Monday.
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Publish Date:03/September/2019 | 10:10

OPEC Posts First Oil Output Rise in 2019 Despite Saudi Cuts

EghtesadOnline: OPEC oil output increased in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by US sanctions on Iran, a Reuters survey found.
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Publish Date:01/September/2019 | 09:26

Iran Oil Company Cutting Dependency on Foreign Equipment, Parts

EghtesadOnline: National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, is collaborating with 230 local manufacturers, especially in Khuzestan Province, to indigenize drilling equipment, the company’s managing director said.
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Publish Date:25/August/2019 | 11:16

What Role for Oil in Iran's Private Sector?

EghtesadOnline: Private sector in Iran cannot make miracles happen in international oil business under the sanctions regime as it was never trained for a large and unknown market.
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Publish Date:18/August/2019 | 24:10

$859b Oil, Gas, Petrochem Projects Underway or Planned in MENA

EghtesadOnline: Oil, gas and petrochemical projects, valued at more than $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of which $283 billion are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades.
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Publish Date:13/August/2019 | 24:02

MoU With Nicaragua for Joint Investment

EghtesadOnline: Iran and Nicaragua signed a memorandum of understanding in the Iranian capital Tehran on Saturday for joint investments in the fields of oil , agricultural outsourcing and industries.
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Publish Date:13/August/2019 | 24:00

Call for Rewriting Iran Oil Contracts

EghtesadOnline: New oil and gas projects cannot be developed under sanctions unless new contracts are designed, a senior energy analyst and former head of Iran's Petroleum Contracts Committee said.
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Publish Date:29/July/2019 | 11:04

IEA Sees Oil Market Oversupply in 2019

EghtesadOnline: Surging US oil output will outpace sluggish global demand and lead to a large stocks buildup around the world in the next nine months, the International Energy Agency said on Friday.
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Publish Date:13/July/2019 | 24:02

OPEC Output Hits Five-Year Low

EghtesadOnline: OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a Reuters survey found.
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Publish Date:07/July/2019 | 11:22

Russians, Saudis Agree to Maintain Oil Cuts for 9 Months

EghtesadOnline: Russian President Vladimir Putin said he agreed with Saudi Crown Prince Mohammed bin Salman to extend the OPEC+ deal at current production levels for the rest of this year and potentially into early 2020.
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Publish Date:30/June/2019 | 11:18

Oil Posts Biggest Monthly Drop in 6 Months

EghtesadOnline: Oil slumped over 3% on Friday and posted its biggest monthly drop in six months, after US President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, a key US trade partner and major supplier of crude oil .
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Publish Date:02/June/2019 | 08:36

Iran to Offer 13 Oil, Gas Blocks

EghtesadOnline: The National Iranian Oil Company is interested in working with local firms willing to take a reasonable amount of risk, including uncertainty in international markets, tech issues, project-related challenges and difficulties emanating from natural disasters.
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Publish Date:20/May/2019 | 08:45

Traders Expect $110 Oil

EghtesadOnline: Whether it is the US sending military warnings to Iran or tensions in Venezuela, some oil traders have started to gear up for a possible price surge as political risks escalate.
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Publish Date:13/May/2019 | 13:49

Iran's Jask Terminal to Hold 10m Barrels of Oil

EghtesadOnline: The engineering and designing phase of 20 crude oil storage facilities near the southeastern port of Jask in Hormozgan Province is almost finalized, managing director of the Petroleum Engineering and Development Co. said Saturday.
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Publish Date:12/May/2019 | 13:53

MP Differentiates Between Oil and Petrochem Sectors

EghtesadOnline: Iran is one of the largest producers of petrochemicals supplying the global downstream industry vital raw material, and it would be difficult to find alternatives for such quality products, a lawmaker said.
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Publish Date:11/May/2019 | 13:40

Foreign Companies Continue Ties to Iran’s Oil, Petrochem Sectors

EghteadOnline: Despite the new US sanctions and bullying, and concerns expressed by Dutch banks, Dutch companies are still cooperating with Iran’s oil industry, said the head of the Dutch pavilion at the 24th Iran International Oil, Gas, Refining and Petrochemical Exhibition, May 1-4, in Tehran.
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Publish Date:05/May/2019 | 13:18

Zanganeh: US Wish Will Not Come True

EghtesadOnline: The United States has made a major error of judgment by politicizing oil and using it as a weapon in already fragile international oil market.
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Publish Date:24/April/2019 | 14:05

Oil Jumps as US Decides to End Iran Waivers

EghtesadOnline: The US administration said on Monday that it will not renew waivers that let countries buy Iranian oil without facing sanctions, a move that r oil ed energy markets and risks upsetting major importers such as China and India.
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Publish Date:23/April/2019 | 13:03

OPEC, Russia Alliance ‘Here to Stay’

EghtesadOnline: The pact between OPEC, Russia and its allies is "here to stay," a longtime adviser at Saudi Arabia's energy ministry said, playing down concerns that the alliance could end given Russia's lukewarm comments around the ongoing market management.
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Publish Date:22/April/2019 | 13:34