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POGC Given Charge of South Pars Oil Extraction

EghtesadOnline: The National Iranian Oil Company has selected Pars Oil and Gas Company (POGC) as the new contractor of the second development phase of the South Pars Gas Field's oil layer, the deputy for development and engineering at the NIOC said Wednesday.
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Publish Date:22/April/2017 | 03:40

Ghadir Co. Signs Deal to Study 4 Oil, Gas Fields

EghtesadOnline: Ghadir Investment Company, a major Iranian conglomerate, has signed an agreement with the National Iranian Oil Company to study four oil and gas fields.
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Publish Date:22/April/2017 | 03:39

Petroleum minister puts Iran's oil exports at 2.6m bpd

EghtesadOnline: Minister of Petroleum Bijan Zangeneh said on Wednesday that Iran exported more than 2.6 million bpd last year on average and will continue the same path this year.
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Publish Date:13/April/2017 | 07:55

Iran's crude oil export to India increases 540,000 bpd

EghtesadOnline: Iran’s crude oil export to India for the fiscal year 2016-2017 increased to 540,000 barrels per day showing a three-fold rise in comparison with the preceding year.
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Publish Date:09/April/2017 | 13:47

India's oil imports from Iran top 500,000 bpd in 2016/17 - trade

EghtesadOnline: India's Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions against Tehran last year.
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Publish Date:08/April/2017 | 24:40

Iran's YoY Oil Price Rises 25%

EghtesadOnline: Iran's crude oil prices settled around 25% higher in March compared to the same period the previous year, drawing support from a global pact to scale back production to prop up prices.
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Publish Date:06/April/2017 | 18:10

Iran Wants $10b p.a. for Offshore Fields

EghtesadOnline: Exploration and production of offshore oil and gas fields demand advanced technology and substantial investment, a deputy at the National Iranian Oil Company says.
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Publish Date:06/April/2017 | 18:08

ONGC Says Submits Revised Plan for Farzad Gas Field

EghtesadOnline: The overseas arm of India's Oil and Natural Gas Corp has submitted a revised plan to develop the giant Farzad B gas block in Iran, including a commitment to spend more than $3 billion, a senior executive said on Tuesday.
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Publish Date:05/April/2017 | 10:18

Iran: Oil exports near record 3 million bpd

EghtesadOnline: Iran's total exports of crude oil and gas condensate by Iran neared a record 3 million barrels per day (bpd) in the Persian month of Esfand which ended on March 20, Minister of Petroleum Bijan Zangeneh says.
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Publish Date:04/April/2017 | 24:16

Iran to export gas oil soon

EghtesadOnline: The First Vice-President Eshaq Jahangiri said that Iran will soon turn into an exporter of gas oil.
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Publish Date:24/March/2017 | 09:40

Zanganeh Reveals Rare Oil Plan With Iraq

EghtesadOnline: Negotiations are underway with Iraq to develop three joint oilfields together. Oil Minister Bijan Namdar Zanganeh said on Tuesday.
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Publish Date:19/March/2017 | 10:32

Early Production Starts in Ilam’s Azar Oilfield

EghtesadOnline: In line with the policy to prioritize development of joint oilfields, the first phase of production from Azar Oilfield in the west, with the capacity of 15,000 barrels per day has commenced after a long delay.
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Publish Date:15/March/2017 | 13:43

Increase in Export of Petroleum Products

EghtesadOnline: Expanding the national gas network and replacing oil byproducts as feedstock with natural gas in refineries and power stations have led to an increase in export of petroleum products, the head of export and import department at the National Iranian Oil Products Distribution Company said on Saturday.
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Publish Date:12/March/2017 | 15:05

Official: Regional countries seek Iran’s help in oil projects

EghtesadOnline: Managing director of Iran’s Industrial Projects Management Company Hassan Boyeri said that some Persian Gulf littoral states have called for Iran’s participation in implementation of their oil and gas projects.
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Publish Date:07/March/2017 | 09:49

South Pars Crude Oil Production Set for April

EghtesadOnline: Oil production from the offshore South Pars crude oil layer will begin next month with the help of Iran's first floating production, storage and offloading vessel, the FPSO Cyrus, managing director of the National Iranian Oil Company said on Saturday.
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Publish Date:05/March/2017 | 05:59

Oil production from west Karoon fields up

EghtesadOnline: Managing Director of Iran's Petroleum Engineering and Development Company (PEDEC) Seyed Nureddin Shahnazi Zadeh says oil production from Yadavaran and Azadegan joint fields have exceeded that of Iraq.
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Publish Date:28/February/2017 | 16:54