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Oil price to rise: Iran’s oil minister

EghtesadOnline: Iran’s oil minister estimated that oil and gas condensations sale to reach $41 billion by the end of Iran fiscal year (20 March 2016- 21 March 2017), but it doesn’t mean that Tehran to receive $41 billion in cash because it takes times.
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Publish Date:16/January/2017 | 15:57

Iran’s Economic Track Record

EghtesadOnline: In the second quarter of the current Iranian year 1395 (June 21-September 21, 2016), Iran’s crude oil production continued its upward trend of the past two years and in 7/1395 (10/2016).
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Publish Date:12/January/2017 | 14:50

Oil Recovery Will Help Iran Fetch Big Sums

EghtesadOnline: Iran can boost oil revenues from its oilfields by billions of dollars using enhanced recovery methods, Gholamreza Manouchehri, the deputy for engineering and development at the National Iranian Oil Company, said.
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Publish Date:12/January/2017 | 24:27

NIORDC Expanding Cooperation With East Asian Companies

EghtesadOnline: Iran is expected to sign deals with two Japanese companies to enhance oil refineries in Tehran and in the southern city of Bandar Abbas, Abbas Kazemi, the chief executive of National Iranian Oil Refining and Distribution Company said.
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Publish Date:09/January/2017 | 15:18

Iran Crude Oil at $53

EghtesadOnline: Iranian crude oil continues its run into the bull-market territory on the back of a global pact to cut supplies that kicked in on January 1.
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Publish Date:09/January/2017 | 15:16

NIOC new director for int'l affairs appointed

EghtesadOnline: Managing Director of National Iranian Oil Company (NIOC) Ali Kardor appointed Saeed Khoshroo as new Director of International Affairs of the company.
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Publish Date:09/January/2017 | 14:22

Japan’s Inpex Touted for Iran's Azadegan Oil Project

EghtesadOnline: Japan’s Inpex Corporation has opened negotiations with the National Iranian Oil Company to develop Azadegan Oilfield in southwestern Iran, the chief executive of Iran's Petroleum Engineering and Development Company (PEDEC) said.
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Publish Date:05/January/2017 | 05:43

Development of Joint Oil Fields accelerated

EghtesadOnline: Operator of South Yaran Oil Field Development Project Homayoun Kazemeini says development of joint fields has been accelerated.
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Publish Date:02/January/2017 | 18:40

NIOC Positive About New Oil, Gas Deals

EghtesadOnline: Tehran may sign several oil and gas deals soon, building up on a raft of preliminary agreements with energy majors as it gradually opens up its huge energy sector to multinationals and foreign investments.
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Publish Date:27/December/2016 | 10:28

NIOC: 24 MoUs for signature with international oil executives

EghtesadOnline: Deputy Managing Director of National Iranian Oil Company (NIOC) Gholamreza Manouchehri said on Monday that some 12 Memorandums of Understanding have been signed with foreign oil executives so far and 12 other MoUs will be signed soon.
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Publish Date:26/December/2016 | 15:40

Iran heavy oil registers record price

EghtesadOnline: Iran's heavy oil allocated the highest price increase in the week ended December 16 gaining 2 dollars-and 2 cents reached 51 dollars- and 70 cents a barrel.
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Publish Date:25/December/2016 | 18:03

Plan to Expand Pipeline Grid

EghtesadOnline: Pans call for not only developing the existing oil pipeline grid but also laying new pipelines to boost the export of oil byproducts, the managing director of the National Iranian Oil Refining and Distribution Company said Wednesday.
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Publish Date:22/December/2016 | 10:42

India's Oil Imports From Iran Slide

EghtesadOnline: India's oil imports from Iran fell 19% in November from a record high the previous month after regional rivals Saudi Arabia and Iraq raised sales to the world's third-biggest oil consumer, regaining their positions as the top two suppliers.
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Publish Date:22/December/2016 | 10:41

Iran, Russia ink two oil survey agreements

EghtesadOnline: Iran and Russia inked two agreements to survey Cheshmeh Khosh and Changoleh oilfields in west of the country on Tuesday.
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Publish Date:14/December/2016 | 18:02

Iran, Belarus hold talks on manufacturing oil, gas equipment

EghtesadOnline: Minister of Petroleum said that his Tuesday evening talks with the Belarusian Minister of Industry Vitaly M. Vovk focused on manufacturing oil and gas equipment and exchange of oil products.
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Publish Date:14/December/2016 | 17:39