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Iran exports 64m liters/d gasoil, crude residue last year

EghtesadOnline: Managing Director of National Iranian Oil Product Distribution Company (NIOPDC) Mansoor Riyahi said 64 million liters of gas and crude residue were exported a day in 1395 (2016-17).
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Publish Date:24/May/2017 | 11:20

Iran Crude Oil Prices Slide

EghtesadOnline: Iran's crude prices extended their recent losses into the week to May 12, mirroring the withering effect of a global initiative to cut down supplies and lift stubbornly low prices.
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Publish Date:24/May/2017 | 08:54

Iran Oil Co. Committed to Higher Output With Help From Oil Majors

EghtesadOnline: The National Iranian Oil Company has received oilfield development proposals from international companies that together target a 3-million-barrel increase in daily crude oil production capacity, NIOC’s deputy for development and engineering affairs said.
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Publish Date:23/May/2017 | 09:29

Iran Oil Co. Preparing Yadavaran Oilfield Tender

EghtesadOnline: The National Iranian Oil Company is taking steps to tender the second development phase of Yadavaran Oilfield in an oil block known as the West Karoun in Khuzestan Province, according to the chief executive officer of the Petroleum Engineering and Development Company (PEDEC).
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Publish Date:21/May/2017 | 09:16

South Africa Open to Iran Coop. in Refinery Project

EghtesadOnline: South Africa, a net importer of refined oil products, is looking to West Africa and the Middle East, including Iran, for potential partners in a new refinery project, energy ministry officials said on Friday.
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Publish Date:21/May/2017 | 06:15

Petroleum Products Exports to Reach 600,000 bpd

EghtesadOnline: Annual export of crude oil byproducts is expected to rise by 200,000 barrels a day to 600,000 barrels daily in the present Iranian fiscal year that ends in March 2018, says Mansour Riahi, chief executive officer of the National Iranian Oil Products Distribution Company.
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Publish Date:20/May/2017 | 08:31

IOPTC Expanding Oil Supply Infrastructure

EghtesadOnline: The Iranian Oil Pipeline and Telecommunications Company (IOPTC) is ready to transfer oil derivatives from the newly-launched Persian Gulf Star Refinery in Bandar Abbas in southern Hormozgan Province to the central and northern regions, the company managing director said.
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Publish Date:17/May/2017 | 09:47

South Yaran Production in July

EghtesadOnline: Production from the South Yaran Oilfield in the southern Khuzestan Province is expected to start in July, according to the chief executive officer of the Petroleum Engineering and Development Company (PEDEC).
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Publish Date:16/May/2017 | 09:40

Caspian Pipeline to Boost Oil Exports

EghtesadOnline: The Caspian Pipeline—which runs from the giant Tengiz oilfield in Kazakhstan to a sea terminal near Novorossiysk in Russia—plans to increase exports to the world markets to 65 million tons this year from 44.28 million tons last year, Nikolay Gorban, director general of the Caspian Pipeline Consortium (CPC), said on Friday.
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Publish Date:15/May/2017 | 08:47

NIOC: Iran's oil export hits record high

EghtesadOnline: Managing director of National Iranian Oil Company (NIOC) said on Saturday that Iran's oil and gas condensates exports hit a record of 3.047 million bpd in February-March, unprecedented since Islamic Revolution.
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Publish Date:10/May/2017 | 14:08

Indonesian MP calls for Iranian oil investment

EghtesadOnline: A member of the Indonesian Parliament said on Wednesday that in order for the country to increase its oil imports from Iran, it needs new refining equipment.
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Publish Date:10/May/2017 | 13:45

NIOC Ratifies Exploration and Production Roadmap

EghtesadOnline: The National Iranian Oil Company has approved a roadmap to expand exploration and production in five oil and gas blocks in line with efforts to raise crude and natural gas output.
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Publish Date:10/May/2017 | 08:57

OMV Awaits New Petroleum Contracts

EghtesadOnline: An executive at Austria's OMV says he is positive about the new model of contracts for Iran's upcoming oil and gas projects, but noted that the oil and gas major needs to learn more about the details of Iran Petroleum Contract.
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Publish Date:10/May/2017 | 08:55

Ministry Denies Obstruction in Export Payments

EghtesadOnline: The Oil Ministry faces no obstacles in getting paid for selling crude oil to foreign buyers, says Amirhossein Zamaninia, deputy oil minister for international affairs.
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Publish Date:07/May/2017 | 06:51