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BP Licensed to Operate Rhum Gas Field With Iran

EghtesadOnline: BP and Iran's state-run oil company received a license from the US Treasury last year to operate their joint gas field in the North Sea following the lifting of international sanctions on Tehran, BP said on Thursday.
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Publish Date:08/April/2017 | 05:20

Iran Will Cut Benefits on Oil Sales to Indian State Refiners

EghtesadOnline: Iran will cut some benefits to Indian state-run refiners on crude purchases after the South Asian country decided to reduce the amount of oil it buys from the Persian Gulf nation, people with knowledge of the matter said.
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Publish Date:08/April/2017 | 04:37

NIDC Expanding Oil, Gas Drilling

EghtesadOnline: In line with policies to ram up oil and gas production, the National Iranian Drilling Company has completed drilling operations in 193 exploration, appraisal, repair and production oil and gas wells during the previous fiscal that ended on March 20, NIDC's planning manager said on Tuesday.
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Publish Date:05/April/2017 | 10:14

India to Cut Iran Oil Imports in Row Over Gas Deal

EghtesadOnline: Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.
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Publish Date:03/April/2017 | 09:50

Tehran, Gazprom in talks on gas project investments

EghtesadOnline: Iran and Gazprom held talks on investing in the republic’s gas fields, Iranian information and communications technology minister Mahmoud Vaezi told reporters on Monday.
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Publish Date:14/March/2017 | 15:28

Prospects Fade for Gas Export to Pakistan

EghtesadOnline: An official at the National Iranian Oil Company says Iran is no longer concerned with gas export to Pakistan as Islamabad has shown little if any determination to complete the long-delayed Iran-Pakistan Pipeline project.
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Publish Date:12/March/2017 | 15:03

Zanganeh Reiterates Policy to Augment SP Gas Production

EghtesadOnline: One of the policy priorities of the Oil Ministry is to expand domestic gas infrastructure and plug the gap in natural gas production with neighboring Qatar in the giant South Pars field, says Bijan Namdar Zanganeh.
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Publish Date:11/March/2017 | 13:16

Gazprom Neft Finalizing Plan for Iranian Oil, Gas Projects

EghtesadOnline: Russia's Gazprom Neft plans to present a preliminary plan for developing two Iranian oil and gas fields — Changuleh and Cheshmeh Khosh — in April, while the final proposal is expected to be presented by late July, Gazprom Neft's First Deputy CEO Vadim Yakovlev said.
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Publish Date:09/March/2017 | 17:15

Philippine's State Oil Co. Eying Iran LNG Project

EghtesadOnline: The Philippines' state oil company, PNOC, as part of a group of international oil and gas companies known as Pergas Consortium, is planning to build a liquefied natural gas plant in Iran in collaboration with the National Iranian Oil Company, director for Iran operations at Pergas said on Tuesday.
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Publish Date:08/March/2017 | 06:32

Parliament requires Oil Ministry to boost strategic reserves

EghtesadOnline: Lawmakers in the Iranian parliament (Majlis) urged the Ministry of Petroleum on Wednesday to increase the country’s strategic reserves of oil and natural gas as a leverage in the global oil and gas markets.
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Publish Date:01/March/2017 | 14:27

The Discreet Charm of Gas for Iranian Steel

EghtesadOnline: Iran’s huge gas reserves have been a boon to the domestic steel industry. For years, Iranian steelmakers have relied on cheap gas feedstock to boost production using direct-reduced iron, believing Iran’s energy advantage compared to other global rivals is the key to higher value-added for the industry, both in steel production and raw material exports.
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Publish Date:01/March/2017 | 13:19

Iran Insists on Tendering Oil, Gas Development Projects

EghtesadOnline: Iran is determined to develop its oil and gas fields through tenders for international companies, a top oil official said, as the country strives to hold the first such tender since sanctions were lifted in the January of last year.
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Publish Date:28/February/2017 | 16:51

Total in Talks For Stake in LNG Export Facility

EghtesadOnline: Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.
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Publish Date:28/February/2017 | 16:47

Giant Leap in Iran's Gas Condensate Exports

EghtesadOnline: The National Iranian Oil Company exported 24 million barrels of gas condensates in January to Asian and European buyers -- the outbound volume being over and above the average figures seen during the past several months.
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Publish Date:26/February/2017 | 13:06

Iran to catch up Qatar in South Pars soon

EghtesadOnline: Iran will have launched several major phases of the huge South Pars gas field project in the Persian Gulf by the end of the current Iranian calendar year (March 20, 2017).
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Publish Date:26/February/2017 | 11:53

Natural Gas Push Undeterred by Trump Tantrums

EghtesadOnline: Iran is hard at work gaining a foothold in the global energy market, and it is not letting US President Donald Trump’s confrontational tone stop it from trying.
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Publish Date:25/February/2017 | 05:50

1st UK Reinsurance for South Pars Projects

EghtesadOnline: Ed Broking LLP, London-based wholesale insurance and reinsurance broker, says it has managed to provide reinsurance coverage for three energy projects in Iran’s South Pars Gas Field.
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Publish Date:20/February/2017 | 15:46