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Zanganeh: Iran Oil Production, Exports Surge in 10 Months

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Sunday the country's oil output has increased by 165,000 barrels per day in the last 10 months compared with the corresponding period of last year.
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Publish Date:05/February/2018 | 14:58

Iranian Light Crude Dips

EghtesadOnline: A rally in Iran's oil prices cooled in the week to January 19 as the country's light crude settled below $69 a barrel in the week.
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Publish Date:29/January/2018 | 11:31

Iran in Talks to Lift Oil Output Capacity by 1.7 mbpd

EghtesadOnline: Talks are underway with international companies over a string of oil projects that could lift oil output capacity by 1.7 million barrels per day, Oil Minister Bijan Namdar Zanganeh said at the weekend.
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Publish Date:29/January/2018 | 11:29

Iran's Light Crude Resurges Above $63

EghtesadOnline: The price of Iran's light crude oil moved back above $63 a barrel in the week to Dec. 15, marking the biggest weekly gain among global crude benchmarks.
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Publish Date:25/December/2017 | 06:28

Maersk Poised to Sign Iran Oil Deal in 2 Months

EghtesadOnline: Denmark's Maersk Oil, a new subsidiary of French energy group Total, could sign a deal early next year to develop an offshore Iranian oil project in the Persian Gulf, according to the chief executive officer of Pars Oil and Gas Company.
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Publish Date:19/December/2017 | 05:47

Wintershall Eying Khuzestan Oilfield

EghtesadOnline: Wintershall could make its way into Iran's petroleum market by securing the rights to develop an oilfield in the southern Khuzestan Province.
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Publish Date:28/November/2017 | 10:05

Iran warns of fallout as Trump hints at oil embargo

EghtesadOnline: Iran’s Minister of Petroleum Bijan Zangeneh says a possible boycott of the Islamic Republic’s crude oil as sought by US President Donald Trump would affect the market.
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Publish Date:25/November/2017 | 15:15

Essar’s Oct. Iran Oil Imports Fall

EghtesadOnline: Indian private refiner Essar Oil’s imports from Iran fell by about 27% in October from a year ago to about 183,000 barrels per day as the company diversifies its crude purchases, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal, Reuters reported.
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Publish Date:18/November/2017 | 08:36

OPEC Reaffirms Iran's Pledge to Supply Cuts

EghtesadOnline: Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.
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Publish Date:14/November/2017 | 07:40

Gazprom signs deal to make Iran LNG player

EghtesadOnline: Russia’s Gazprom says it has signed a basic agreement with the National Iranian Oil Company (NIOC) that envisages cooperation over the production of liquefied natural gas (LNG).
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Publish Date:13/November/2017 | 15:33

Zanganeh: Iran's Oil Deals With Russia to Help Defuse Trump's Unilateralism

EghtesadOnline: Iran's potentially lucrative oil and gas deals with Russian companies will help defuse US President Donald Trump's "unilateralism" and his efforts to scrap Tehran's nuclear deal with world powers, according to Oil Minister Bijan Namdar Zanganeh.
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Publish Date:05/November/2017 | 11:08

Iran’s oil sales to Asia highest in six months

EghtesadOnline: The latest market figures show that Asian buyers increased their purchases of crude oil from Iran in September for a third straight month with imports from the Islamic Republic now standing at the highest levels since March.
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Publish Date:31/October/2017 | 14:30

Iran's oil exports to Russia to begin soon: Minister

EghtesadOnline: Iran’s crude oil exports to Russia under an oil-for-goods barter scheme will begin “in the near future,” Deputy Minister of Petroleum Ali Kardor said on Saturday.
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Publish Date:28/October/2017 | 15:39

Essar Cuts Iran Oil Imports

EghtesadOnline: Indian private refiner Essar Oil's imports from Iran fell by about 26.4% in September from a year ago, as it boosted purchases from Iraq, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal.
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Publish Date:28/October/2017 | 14:06

Home Truth: Oil Bonanza Unsustainable, Pay Taxes

EghtesadOnline: A prominent Iranian economist said tax revenues would become a dependable source of income for the country, if they increase to 12% of the gross domestic product in three to four years to reach 1,500 to 2,000 trillion rials ($37.5-50 billion) per annum.
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Publish Date:25/October/2017 | 14:51

$5.5b in New Oil, Gas Projects in Central Iran

EghtesadOnline: The Iranian Central Oil Fields Company is drafting an investment package for oil and gas projects estimated to value over $5 billion, deputy for planning at ICOFC said.
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Publish Date:09/October/2017 | 13:54

Iran’s Oil Hits $57

EghtesadOnline: Iran's crude oil reached $57 a barrel in the week to Sept. 29, crossing a new price milestone in the year, as the export of crude and condensates surpassed 2.6 million barrels per day last month, government data show.
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Publish Date:08/October/2017 | 07:30

Lukoil to Help Iran Tap Caspian Sea Fossil Fuels

EghtesadOnline: Lukoil signed two preliminary agreements with the National Iranian Oil Company on Tuesday to study the Caspian Sea's oil and gas potentials, paving the way for Russia's second-largest oil producer to further cement its position in Iran's petroleum market.
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Publish Date:07/October/2017 | 08:06

Nematzadeh as Top Oil Adviser

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh has appointed Mohammad Reza Nematzadeh, a former minister, as his chief industrial adviser, the National Iranian Oil Company's news portal said in a statement on Tuesday.
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Publish Date:07/October/2017 | 08:04

Maersk in Strong Position to Develop Iran's South Pars Oil Layer

EghtesadOnline: Denmark's major offshore explorer Maersk Oil is in a strong position to win a contract to produce ultra-light crude from Iran's South Pars gas field and its recent acquisition by France's Total will not adversely affect the potential deal, an official at the National Iranian Oil Co. said.
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Publish Date:07/October/2017 | 07:56