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What Total’s $4.8 billion investment means for Iran

EghtesadOnline: Iran has signed a $4.8 billion deal with a consortium led by French oil company Total on Monday to develop its giant South Pars gas field, the largest natural gas field in the world.
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Publish Date:09/July/2017 | 11:42

Iran in Talks to Develop More Oil, Gas Deposits

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said serious negotiations are underway to develop Iran's hydrocarbon deposits, including Azadegan, Yadavaran and Yaran, major oilfields in the oil-rich Khuzestan Province.
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Publish Date:09/July/2017 | 08:20

Oil, Gas Infrastructures Require Major Overhaul

EghtesadOnline: Iran has an estimated $400 billion worth of physical assets in the petroleum industry, but low efficiency and high rates of incidents in the industry show the country's oil and gas infrastructures require a major overhaul, according to an Oil Ministry official.
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Publish Date:09/July/2017 | 08:19

Why Total’s gas deal with Iran is so important for the country’s future

EghtesadOnline: Nine years ago, when sanctions were imposed on Iran by the international community, Total was the last Western energy company to suspend its activity there. Now, following the lifting of nuclear sanctions on Iran in January 2016, Total is the first Western company to return to the Iranian energy market.
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Publish Date:08/July/2017 | 10:55

Kardor: SP Phase 11 to earn $84b

EghtesadOnline: Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says phase 11 of South Pars is expected to earn the country $84 billion.
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Publish Date:05/July/2017 | 24:16

Iranian gas boosts Iraq in Saudi market war

EghtesadOnline: Iran’s exports of gas to Iraq which began last month are set to free up more oil for exports by the Arab country, clipping Saudi Arabia's wings further in its bid to retain markets.
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Publish Date:03/July/2017 | 13:30

Iran Gas Company Shifting Focus to Int’l Markets

EghtesadOnline: The National Iranian Gas Company is intent on raising the country’s share in global gas trade while providing domestic petrochemical plants with gas feedstock to produce value-added goods, NIGC’s director for international affairs said.
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Publish Date:30/June/2017 | 13:14

Iran to host IGRC 2020

EghtesadOnline: National Iranian Gas Company (NIGC) has been announced to be the host to the 16th International Gas Union Research Conference (IGRC) in 2020, according to Mashal, a periodical published by National Iranian Oil Company (NIOC).
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Publish Date:12/June/2017 | 24:24

South Pars Phase 13 Offshore Pipe-Laying Underway

EghtesadOnline: Pipe-laying operations are underway to connect an offshore platform of Phase 13 of the South Pars Gas Field in the Persian Gulf to onshore facilities in the port city of Asalouyeh, Payam Motamed, director of Phase 13 development project, said.
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Publish Date:12/June/2017 | 08:25

Parallel Talks on Farzad-B Gas Field

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Wednesday Iran has opened talks with a major Russian company on developing the coveted Farzad-B Gas Field in the Persian Gulf as long and drawn out negotiations with Indian officials have not produced the desired results.
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Publish Date:11/June/2017 | 10:42

85% Progress in Kish Gas Field Drilling

EghtesadOnline: Drilling in Kish Gas Field, the Persian Gulf’s second largest gas field after South Pars, has made 85% progress, deputy chief of the National Iranian Drilling Company (NIDC) said on Wednesday.
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Publish Date:11/June/2017 | 10:40

Iran Gas Supply Capacity to Increase by 80 mcm/d

EghtesadOnline: Natural gas supply capacity from the giant South Pars field to the southern and western regions will increase by 80 million cubic meters per day soon after the launch a new section of the national gas grid, managing director of the National Iranian Gas Company said on Monday.
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Publish Date:07/June/2017 | 10:49

South Pars Phase 1 Gas Rig Overhauled

EghtesadOnline: Overhaul of the South Pars Phase 1 gas rig has been completed by domestic engineers said an official at Pars Oil and Gas Company who oversees Phase 1 production.
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Publish Date:03/June/2017 | 08:49

Iran Receives $4B Oil Dues From UAE Co.

EghtesadOnline: Iran has received more than $4 billion from the Emirates National Oil Company (ENOC) as part of the country’s retailer’s settlement of its debts owed to Iran for pre-sanction oil and gas purchases, the Iranian news website Al Alam reported.
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Publish Date:31/May/2017 | 06:35

Tehran to Host Int'l Gas Research Conference

EghtesadOnline: Tehran will host in 2020 the 'International Gas Union Research Conference', a major international gathering in the natural gas industry focused on research, development and innovation.
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Publish Date:29/May/2017 | 07:48

13% cut in Iran’s natural gas price to Turkey: Minister

EghtesadOnline: Iranian Petroleum Minister Bijan Zangeneh said that Turkey wanted 62.5 percent discount on Iran's natural gas price but the International Court of Arbitration approved of only 13 percent.
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Publish Date:28/May/2017 | 24:43

Iran Still Prefers Talks on Turkmen Gas Dispute

EghtesadOnline: The National Iranian Gas Company will proceed with a complaint to the International Court of Arbitration (ICA) against Turkmenistan's decision to halt gas supplies late last year if Turkmengaz—the state gas company—fails to sign a new agreement with Tehran, the NIGC managing director said.
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Publish Date:27/May/2017 | 09:14

14 Oil, Gas Fields Discovered in Iran in 4 Years

EghtesadOnline: A total of 14 oil and gas fields were discovered over the past four years, said the head of exploration department at the National Iranian Oil Company.
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Publish Date:27/May/2017 | 06:46