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Turkey to Get Discounted Iranian Gas as Compensation

EghtesadOnline: Iran, which must pay Turkey $1.9 billion in compensation for overpricing its gas exports to the Eurasian country between 2011 and 2015, will offer discount on future gas supplies to clear the amount, Turkey's energy minister said.
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Publish Date:28/January/2017 | 05:04

OMV officially comes back to Iran’s oil industry

EghtesadOnline: Austria's OMV has signed a Memorandum of Understanding with Dana Energy, Iranian company targeting oil and gas upstream field development activities.
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Publish Date:25/January/2017 | 11:57

Iran Speeding Up Oil, Gas Deals

EghtesadOnline: The National Iranian Oil Company is keen to finalize high-priority oil and gas deals by the end of the current fiscal year in March, including Phase 11 of South Pars Gas Field and a plan to tender the giant South Azadegan Oilfield, NIOC's managing director said on Tuesday.
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Publish Date:25/January/2017 | 07:56

Iran to pay $1.9B in compensation to Turkey over gas dispute

EghtesadOnline: Iran will pay $1.9 billion in compensation to Turkey after the International Court of Arbitration ruled in Ankara’s favor in a dispute over pricing, Hamid-Reza Araqi, Iranian deputy oil minister, has said.
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Publish Date:25/January/2017 | 07:10

Iran Keen on $2.5b Gas Project With Russia

EghtesadOnline: The national gas company is interested in a joint venture with Russia to develop the 9th Iran Gas Trunkline (IGAT-9), managing director of National Iranian Gas Company (NIGC) said on Monday.
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Publish Date:24/January/2017 | 05:49

Heavy Tanker Traffic in Iranian Oil Terminals

EghtesadOnline: Iran's oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50% compared to last year, managing director of Iran Oil Terminals Company (IOTC) said on Tuesday.
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Publish Date:18/January/2017 | 24:39

Iran Says It Holds No Oil Inventories at Sea

EghtesadOnline: Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, managing director of Iranian Oil Terminals Company (IOTC) said Sunday.
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Publish Date:16/January/2017 | 05:06

Iran Plans International Tender to Raise Power Plant Efficiency

EghtesadOnline: A tender for domestic and foreign companies will be announced to enhance the efficiency of gas-burning power plants, says Houshang Falahatian, the deputy energy minister for electricity and energy.
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Publish Date:15/January/2017 | 08:12

PGNiG in Talks to Invest in Iran's Upstream Sector

EghtesadOnline: In line with plans to develop Iran’s oil and gas fields, high-ranking officials of Poland’s state-run gas company PGNiG are expected to meet the National Iranian South Oil Company in February to finalize their ongoing negotiations to increase the recovery rate in the oilfields of Khuzestan Province, NISOC managing director said on Wednesday.
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Publish Date:12/January/2017 | 24:32

27mcm gas produced in South Pars phase 21 platform per day

EghtesadOnline: Phase 21 of the South Pars oil and gas field has no limitation in exporting gas resources to onshore refineries and some 27 million cubic meter of gas is exported per day, the operator of phases 20 and 21 of South Pars field said.
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Publish Date:12/January/2017 | 11:24

Shale Gas Discovery in Western Iran

EghtesadOnline: Shale gas deposits have been found in Lorestan Province, about 500 kilometers southwest of Tehran, an official at the National Iranian Oil Company said.
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Publish Date:05/January/2017 | 05:46

NIOC: Iran Pumps More Gas Than Oil

EghtesadOnline: Iran is now producing more natural gas than crude oil, a top energy official said on Saturday.
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Publish Date:02/January/2017 | 07:53

Over 109 bcm of gas recovered from S. Pars joint reservoir

EghtesadOnline: Some 109, 496,000,000 cubic meters of gas was recovered from the South Pars joint reservoir and refined in S. Pars refineries in the first three quarters of the current Iranian calendar year (started on March 20, 2016), it was reported on Friday.
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Publish Date:31/December/2016 | 14:29

Turkmenistan agrees new gas deal with Iran

EghtesadOnline: Turkmenistan agreed an MoU on gas exports to the Islamic Republic of Iran which means the country's gas exports to Iran will continue, an official at Iran Petroleum Ministry said on Friday.
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Publish Date:31/December/2016 | 05:43

Iran Signs Spot Contracts With Shell, BP

EghtesadOnline: The National Iranian Oil Company has signed new spot oil export contracts with BP and the Anglo-Dutch Royal Dutch Shell to provide them with oil and gas condensates, director for international affairs at NIOC said on Wednesday.
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Publish Date:30/December/2016 | 09:54

Iran Resolute in Completing Ambitious South Pars Gas Project

EghtesadOnline: Completion of the South Pars Gas Field project is estimated to cost upwards of $90 billion as Iran aims to raise natural gas production from the giant field to more than 700 million cubic meters per day in two years, said Mohammad Meshkinfam, the chief executive of Pars Oil and Gas Company.
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Publish Date:28/December/2016 | 05:31