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Iran's South Azadegan Output at 83,000 bpd

EghtesadOnline: Crude oil production from the giant South Azadegan field near the Iraqi border has increased by 22,000 barrels per day.
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Publish Date:27/September/2017 | 13:17

Iraq says to invest in joint oil projects with Iran

EghtesadOnline: Iraq’s Oil Minister Jabbar al-Luaibi says an agreement will be signed with Iran soon to jointly invest in two oil fields shared between the two countries.
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Publish Date:25/September/2017 | 14:51

Essar Raises Venezuela Oil Imports at Iran's Expense

EghtesadOnline: Indian private refiner Essar Oil's imports from Iran fell by three-quarters in August from a year ago, as it boosted purchases from Venezuela, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal.
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Publish Date:23/September/2017 | 13:31

Petrobras Explores Caspian Sea Energy Opportunities

EghtesadOnline: Brazil's state-run oil company Petrobras is willing to expand oil and gas cooperation with the National Iranian Oil Company in oil and gas-rich Caspian Sea region.
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Publish Date:23/September/2017 | 13:28

Zanganeh: Iran Will Not Accept New Crude Cuts

EghtesadOnline: Iran will not settle for any agreement that may compromise its crude oil market share, Oil Minister Bijan Namdar Zanganeh said ahead of a meeting of OPEC and non-OPEC countries in Vienna that discussed deeper cuts to a global supply cut deal.
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Publish Date:23/September/2017 | 06:01

Iran's Crude Oil Prices Advance

EghtesadOnline: Iran's crude oil prices staged a strong recovery in the week to September 8 from a dip in the previous week, settling well above their average so far this year.
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Publish Date:18/September/2017 | 05:54

Iran Seeking Crude Market Expansion in Europe, Asia

EghtesadOnline: Iran has increasingly expanded its footprint in the European oil market since last year's lifting of sanctions, with ports and terminals in Europe taking in nearly 35% of Iranian crude exports.
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Publish Date:17/September/2017 | 04:55

India’s Iran Oil Imports Drop to 18-Month Low

EghtesadOnline: India imported 335,400 barrels per day of oil from Iran in August, the lowest level since February 2016, posting a fall of about 42% from a year ago, according to ship tracking data obtained from industry sources and data compiled by Thomson Reuters Oil Research & Forecasts.
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Publish Date:16/September/2017 | 04:49

South Pars Oil Talks With Maersk Underway

EghtesadOnline: An official at the National Iranian Oil Company said negotiations with Denmark's Maersk Group over the development of South Pars oil production project have not yielded positive results yet.
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Publish Date:13/September/2017 | 13:28

Majlis Report Underpins Upswing in Oil Industry

EghtesadOnline: Iran has come a long way in regaining the lost ground in the global oil market and expanding its gas production after last year's lifting of sanctions, a parliamentary report shows.
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Publish Date:11/September/2017 | 11:59

Foreign Investment Key to Developing Caspian Reserves

EghtesadOnline: Attracting much-needed foreign funds and having access to cutting-edge drilling know-how are among the most essential elements to develop untapped hydrocarbon deposits in the Caspian Sea, the construction and engineering manager in Khazar Exploration and Production Company said.
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Publish Date:06/September/2017 | 09:06

3 Scenarios to Develop Farzad-B Gas Field

EghtesadOnline: An official at the National Iranian Oil Company says Iran is mulling over three scenarios to develop Farzad-B, a large gas reservoir in the Persian Gulf.
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Publish Date:05/September/2017 | 24:46

Zarubezhneft Expanding Foray in Iranian Oil Sector

EghtesadOnline: Russia’s Zarubezhneft presented the result of its technical surveys on two Iranian joint oilfields with Iraq in a meeting in Tehran on Monday.
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Publish Date:05/September/2017 | 07:58

Iran's Light Crude at $51

EghtesadOnline: Iran's light crude oil traded at $51 per barrel in the week to August 25, up $1.24 in weekly trade.
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Publish Date:04/September/2017 | 10:26

Ministry Forecasts Leap in Iran Oil Industry in Two Years

EghtesadOnline: Iran's oil industry will experience a big leap in the next two years, as international energy majors have shown great enthusiasm in playing a role in the country's oil and gas ventures, the deputy oil minister for international affairs said.
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Publish Date:03/September/2017 | 08:07

Rise in Asia's July Iran Crude Imports

EghtesadOnline: Imports of Iranian crude by major buyers in Asia rose in July from a 14-month low in the previous month, as purchases from South Korea surged by nearly 30% and those from China held steady, offsetting declines from Japan and India.
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Publish Date:02/September/2017 | 14:31

Transfer of Technology Integral to Iran's New Oil Deals

EghtesadOnline: Transfer of technology is an indispensable part of Iran Petroleum Contract, the new model of oil contracts for developing Iran's oil and gas fields, as the country needs cutting-edge know-how and equipment to offset the natural decline in extraction from aging oil and gas reservoirs, deputy for engineering and development at the National Iranian Oil Company said.
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Publish Date:02/September/2017 | 06:38

Billions of Dollars in Oil Deals Shield Iran From Sanctions

EghtesadOnline: Since most western sanctions on Iran were lifted early last year, Tehran has endeavored to restore its oil exports to a pre-sanction level and attract foreign investments in its energy sector.
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Publish Date:26/August/2017 | 08:55

Iran Elaborates on Russia Oil Export Deal

EghtesadOnline: The Iranian export of crude oil to Russia is to begin next month as per an agreement that will see Tehran paid half in goods and half in cash, the deputy oil minister for international affairs said.
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Publish Date:26/August/2017 | 08:53