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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

Iran's RIPI Developing Oil Desalination Unit

EghtesadOnline: The Research Institute of Petroleum Industry (RIPI) is taking steps to develop an advanced desalter, an important piece of equipment used in refineries to remove salt from crude.
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Publish Date:06/May/2017 | 09:12

India Will Cut Oil Imports From Iran by a Quarter

EghtesadOnline: India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row between New Delhi and Tehran on development of a natural gas field.
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Publish Date:06/May/2017 | 09:10

Iran preparing to host 22nd Oil Show

EghtesadOnline: Iran is preparing to hold a crucial annual oil exhibition in which it says some 1,500 foreign companies from 37 countries would showcase their latest technical achievements.
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Publish Date:03/May/2017 | 14:46

Iran's New Oil Contracts Will Help Cut Dole Queues

EghtesadOnline: New contracts with international oil majors will help create thousands of jobs and plough billions of dollars into the key petroleum industry, according to Reza Khayyamian, head of the Society of Iranian Petroleum Industries Equipment Manufacturers.
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Publish Date:03/May/2017 | 08:41

Asian imports of Iranian oil rise 27%

EghtesadOnline: Imports of Iranian crude by its four main buyers in Asia rose nearly 27 percent in March from a year earlier as the country took advantage of its exemption from a production cut agreed by OPEC and some other major producers, Reuters reported.
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Publish Date:29/April/2017 | 14:22

Iran Named S. Korea's No. 2 Oil Supplier in Q1

EghtesadOnline: Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after international sanctions were lifted last year, the first time ever it has claimed the No.2 spot on a quarterly basis.
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Publish Date:26/April/2017 | 09:21

Budget’s Oil Dependence Declines to 30%

EghtesadOnline: The taxation policy of the Ministry of Economic Affairs and Finance has proven to be effective in reducing the dependency of Iran’s budget on oil revenues from 70% during the previous administration to less than 30%, Dolat.ir reported.
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Publish Date:26/April/2017 | 09:02

Iran's May Crude Exports Set to Fall

EghtesadOnline: Iran's crude oil exports are set to hit a 14-month low in May, a person with knowledge of Iran's tanker loading schedule said, suggesting the country is struggling to raise exports after clearing out stocks stored on tankers.
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Publish Date:22/April/2017 | 08:35

Azar Oilfield Output to Reach 30,000 bpd

EghtesadOnline: Production from Azar Oilfield in the southern Ilam Province is slated to double in May, said Keyvan Yarahmadi, who oversees the development of field at the Petroleum Engineering and Development Company.
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Publish Date:22/April/2017 | 08:32

Kuwait: Iran Showing Good Coop. With OPEC

EghtesadOnline: Iran will probably be allowed to keep its oil production unchanged if OPEC decides to extend its six-month agreement on output cuts beyond June, Kuwaiti Oil Minister Issam Almarzooq said, adding that the Persian Gulf OPEC member has shown strong compliance with the OPEC supply cut deal.
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Publish Date:22/April/2017 | 03:41