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Gov’t Encouraged to Sign Contracts With Oil Majors

EghtesadOnline: Respected energy expert and economist Ali Shams Ardekani has pleaded with the government not to waste precious time in finalizing oil and gas deals with international majors despite the opposition from his political opponents who are against opening up the economy and energy sectors to foreign investment.
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Publish Date:18/June/2017 | 09:22

Iran still world’s biggest natural gas player

EghtesadOnline: A new report shows Iran still has the world’s largest reserves of natural gas and is closely followed by market rivals Russia and then Qatar.
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Publish Date:17/June/2017 | 11:07

Iran Clears 40% of Gas Fine to Turkey

EghtesadOnline: Iran has cleared more than 40% of the fine it was told to pay Turkey by an international tribunal for overpricing natural gas it sold to the Eurasian country, said Asadollah Gharekhani, spokesman for the Majlis Energy Commission.
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Publish Date:14/June/2017 | 24:24

Focus on Raising Production From Five South Pars Phases

EghtesadOnline: South Pars Gas Field's development phases 17-21 will add more than 150 million cubic meters per day of gas from the giant offshore field when fully operative, said the CEO of National Iranian Oil Company, Ali Kardor.
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Publish Date:03/June/2017 | 08:46

‘Iran signed deal with Gazprom over Farzad B’

EghtesadOnline: Iran says it has signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B gas field – a project which the country has for long been negotiating with an Indian consortium.
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Publish Date:31/May/2017 | 11:48

Domestic Companies Supply 80% of Petroleum Equipment

EghtesadOnline: Domestic companies manufacture 80% of equipment needed by the oil and gas industry, the managing director of the National Iranian South Oil Company (NISOC) said.
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Publish Date:31/May/2017 | 10:20

Prospects for SOCAR Coop. in Caspian Joint Projects

EghtesadOnline: Azerbaijan oil officials have expressed interest in collaborating with Khazar Exploration and Production Company (KEPCO) to develop Sardar-e-Jangal gas field in the Caspian Sea off Gilan Province, KEPCO's managing director said.
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Publish Date:30/May/2017 | 06:33

MP Calls for Prioritizing Joint Fields' Development

EghtesadOnline: Tehran needs to step up efforts to raise production from joint oil and gas fields and attract foreign investment in the key petroleum industry, said the spokesperson for the Majlis Energy Commission.
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Publish Date:28/May/2017 | 08:24

2 SP Phases Produce Gas Worth $4.2b

EghtesadOnline: South Pars Gas Field's phases 2 and 3 produced 21 billion cubic meters of natural gas, worth $4.2 billion, in the previous fiscal year that ended in March, the head of South Pars' 2nd Refinery said.
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Publish Date:28/May/2017 | 08:22

Total to ink $4 billion Iran gas deal before summer

EghtesadOnline: Iran will sign a $4 billion deal with France’s Total to develop phase 11 of the giant South Pars gas field before summer, Minister of Petroleum Bijan Zangeneh says.
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Publish Date:27/May/2017 | 24:26

South Pars Gas Project Needs $30b

EghtesadOnline: Completion of the giant South Pars Gas Field in the Persian Gulf could require as much as $30 billion in investment, the chief executive officer of Pars Oil and Gas Company (POGC) said on Friday.
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Publish Date:27/May/2017 | 09:09

Iran discovers new gas field in Persian Gulf

EghtesadOnline: Iran says it has discovered a new gas field close to the giant South Pars natural gas field which it jointly shares with Qatar.
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Publish Date:24/May/2017 | 11:09

Iran Seeks Bigger Share of Global Gas Market

EghtesadOnline: Iran's share in the global natural gas trade should increase to 10% by 2025, the managing director of National Iranian Gas Company (NIGC) said.
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Publish Date:24/May/2017 | 08:56

Spain's Tubacex Group, NIOC to Reportedly Sign Pipeline Contract

EghtesadOnline: With the aim to produce quality machinery and equipment for the oil and gas industry, the National Iranian Oil Company is to sign an agreement with a Spanish consortium to manufacture special pipelines using corrosion resistant alloys (CRAs).
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Publish Date:24/May/2017 | 08:49

Iran Mulling Tender for Mini LNG Plants

EghtesadOnline: The National Iranian Gas Company (NIGC) is planning to hold international tenders for several small-scale liquefied natural gas projects, also known as mini LNG, Hamidreza Araqi, the company’s chief executive officer said.
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Publish Date:23/May/2017 | 09:28

Higher Targets Set for Iran Oil, Gas Production

EghtesadOnline: The National Iranian Oil Company has approved a plan envisioning its target for crude oil and natural gas production in the present fiscal that ends in March 2018.
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Publish Date:23/May/2017 | 05:51

Officials: European firms seeking gas and oil ties with Iran

EghtesadOnline: Iran's oil and gas officials say that world countries, including the European states, have expressed their interest in the country's oil and gas projects after the landmark nuclear agreement reached between Iran and world powers in July 2015.
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Publish Date:15/May/2017 | 14:18

French Co. Positive About Prospects in Iran

EghtesadOnline: An official at the French industrial conglomerate Groupe NOX said Iran’s nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between Iranian and French companies, particularly in the oil and gas sector.
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Publish Date:12/May/2017 | 06:46

South Pars Gas Field Starts Exporting Crude Oil

EghtesadOnline: The first crude oil consignment from the oil layer of South Pars, the giant gas field that is shared between Iran and Qatar in the Persian Gulf, has been exported, managing director of the Iranian Offshore Oil Company (IOOC) said on Monday.
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Publish Date:09/May/2017 | 05:05