tag Iran oil industry

OPEC hails Iran as a pioneer in oil industry heritage

The Organization of Petroleum Exporting Countries (OPEC) commended Iran's outstanding role and announced that the Islamic Republic of Iran is a leading country in the oil industry heritage.
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Publish Date:18/July/2024 | 13:49

Pergas Says Ready to Replace Companies Leaving Iran Oil Industry

EghtesadOnline: Pergas Consortium is ready to fill the gap created by companies that will be forced to leave Iran's oil industry due to US sanctions that are set to return in a matter of months after Donald Trump withdrew from the country's nuclear deal with world powers, the company's managing director said.
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Publish Date:10/June/2018 | 09:38

Zanganeh Invites China Private Investors

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh called on China's private sector on Tuesday to invest in Iran's oil industry.
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Publish Date:15/January/2018 | 06:09

Iran Confident of Oil Deals Despite US Sanctions Threat

EghtesadOnline: Iran sees an unprecedented opportunity for international companies to operate in its oil industry, despite uncertainty over potential new sanctions from the United States, a deputy at the National Iranian Oil Company said.
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Publish Date:15/January/2018 | 05:47

Oil Export Revenues Top $23 Billion

EghtesadOnline: Iran has earned over $23 billion from selling crude oil in roughly six months since the beginning of the present fiscal year in March, the Central Bank of Iran reported, indicating a strong recovery in Iran’s oil industry since last year’s lifting of sanctions.
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Publish Date:23/September/2017 | 13:35

Attractive prospects seen for Iran oil industry : Official

EghtesadOnline: Deputy minister of petroleum for international and commercial affairs said on Saturday that given the enthusiasm shown by foreign companies for engaging in Iran’s oil sector, the industry will experience a great boom in the next two years.
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Publish Date:03/September/2017 | 08:01

Iran planning to lure $100bn in oil industry investment

EghtesadOnline: President Hassan Rouhani in an addressing to the parliament on August 20, said that drawing $100 billion in foreign investment to develop Iran’s oil industry is among the oil minister’s main tasks in his second term.
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Publish Date:30/August/2017 | 11:38

Iran heading towards self-sufficiency in oil equipment manufacturing

EghtesadOnline: Iran's decisive petroleum industry plays an important role in the country's Economy of Resistance that its implementation was reiterated by the Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei in the motto chosen for the current Iranian calendar year.
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Publish Date:21/June/2017 | 24:16

Majlis Report Underpins Upswing in Oil Industry

EghtesadOnline: Iran has come a long way in regaining the lost ground in the global oil market and expanding its gas production after last year's lifting of sanctions, a parliamentary report shows.
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Publish Date:11/September/2017 | 11:59

Ministry Forecasts Leap in Iran Oil Industry in Two Years

EghtesadOnline: Iran's oil industry will experience a big leap in the next two years, as international energy majors have shown great enthusiasm in playing a role in the country's oil and gas ventures, the deputy oil minister for international affairs said.
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Publish Date:03/September/2017 | 08:07

Foreign Finance Crux of Oil Industry Development

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said attracting foreign investment will be the centerpiece of his ministry in the next four years, hoping to build up on a multibillion-dollar gas deal with France's Total that is widely seen as one of his signature accomplishments as oil minister.
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Publish Date:21/August/2017 | 07:31

Old Technology, Equipment, Holding Back Iran Oil Sector

EghtesadOnline: Iran's petroleum industry is operating with technology and equipment that belong to several generations ago and the way to eliminate the bottleneck is by opening up the key sector to foreign investment and technology, a senior oil official says.
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Publish Date:12/July/2017 | 08:42

Iran names Russian firms to major project

EghtesadOnline: The National Iranian Oil Company (NIOC) has added four Russian companies and Azerbaijan’s state oil firm Socar to the list of firms qualified for development work in the Islamic Republic.
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Publish Date:17/June/2017 | 11:09

IPC Deferral Holding Back Oil Industry Progress

EghtesadOnline: Procrastination in concluding new oil and gas contracts with international companies not only poses a setback to the key industry but also provides neighboring states the opportunity to outpace Iran in production from shared hydrocarbon resources, deputy for downstream sector at Iran's Research Institute of Petroleum Industry (RIPI) said.
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Publish Date:17/June/2017 | 05:28

Iran Oil Industry Growth Tied to Investments

EghtesadOnline: The economy will struggle if the oil industry, the engine of economic growth, does not get the long-awaited impetus after years of underinvestment.
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Publish Date:07/May/2017 | 05:12

Iran Oil Industry Still in Recovery Mode

EghtesadOnline: Mismanagement by the previous government plus the international economic sanctions incapacitated the key oil industry, Oil Minister Bijan Namdar Zanganeh said, stressing that Tehran has made concerted efforts to recuperate the oil and gas sectors over the last four years.
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Publish Date:06/May/2017 | 14:59