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Foreign Finance Crux of Oil Industry Development

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said attracting foreign investment will be the centerpiece of his ministry in the next four years, hoping to build up on a multibillion-dollar gas deal with France's Total that is widely seen as one of his signature accomplishments as oil minister.
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Publish Date:21/August/2017 | 07:31

Iran exports 2 m/b of South Pars oil to East Asia

EghtesadOnline: Iran exported two million barrels of crude oil recovered from South Pars Oilfield to the East Asian countries via four shipments, Petroleum Ministry said on Saturday.
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Publish Date:20/August/2017 | 07:43

Iran Oil Ministry Priorities for 2017-21 Outlined

EghtesadOnline: E xpanding oil loading and export facilities along the Sea of Oman and developing oil and gas reservoirs shared with regional states are front and center on the Oil Ministry agenda for the next four years, President Hassan Rouhani said on Tuesday.
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Publish Date:16/August/2017 | 10:11

South Pars Oil Output Exceeds 2.5m Barrels

EghtesadOnline: Cumulative crude oil output from the South Pars Gas Field’s oil layer in the Persian Gulf has surpassed 2.5 million barrels over roughly five months, the operator of the oil layer said.
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Publish Date:16/August/2017 | 10:07

OPEC Reports Uptick in Iran’s July Output

EghtesadOnline: Iran increased crude oil production last month along with most other OPEC producers as the 14-nation group continues efforts.
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Publish Date:12/August/2017 | 14:22

Tech Upgrade to Raise Oil, Gas Extraction Rate

EghtesadOnline: Domestic experts have indigenized a cutting-edge pump that will help significantly increase extraction rate from oil and gas fields, managing director of state-owned West Oil and Gas Production Company said.
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Publish Date:06/August/2017 | 13:49

Asian Imports of Iranian Crude Hit 14-Month Low

EghtesadOnline: Imports of Iranian crude by major buyers in Asia fell for a second month in a row to a 14-month low in June, weighed down by sluggish purchases by China and Japan.
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Publish Date:01/August/2017 | 11:42

Gazprom Neft, OIEC Sign Oilfield MoU

EghtesadOnline: The Oil Industries Engineering and Construction Company (OIEC) and Russia's Gazprom Neft signed a memorandum of understanding on Thursday in the Russian city of St. Petersburg to join forces in the assessment of geological potentials of Changuleh and Azar oilfields in Mehran, Ilam Province, near the border with Iraq.
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Publish Date:30/July/2017 | 08:42

India Says Will Reduce Iranian Crude Imports

EghtesadOnline: India’s government-run refiners plan to import less Iranian crude oil in the 2017-18 fiscal year ending March 2018 compared to the previous fiscal year, India’s Oil Minister Dharmendra Pradhan said.
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Publish Date:22/July/2017 | 07:43

Japan's Toyo Signs Agreement to Develop Iran's Salman Field

EghtesadOnline: Japan's Toyo Engineering Corporation on Monday signed an agreement with the National Iranian Oil Company and Petropars to develop the offshore Salman oil and gas field in the Persian Gulf.
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Publish Date:18/July/2017 | 05:54

Iran, Russia sign MoU on oilfield study

EghtesadOnline: National Iranian South Oil Company (NISOC) and Russian Zarubezhneft signed a Memorandum of Understanding on Monday.
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Publish Date:17/July/2017 | 14:12

S.Korea crude oil imports from Iran up 10.5 pct

EghtesadOnline: South Korea's crude oil imports from Iran increased 10.5 percent in June from a year earlier as Tehran continued to ramp up output after the sanctions were lifted.
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Publish Date:15/July/2017 | 24:33

Iran Crude Output Within OPEC Bounds

EghtesadOnline: Iran's crude oil production remained within the limits of an OPEC accord aimed at reducing output and easing a lingering global glut, OPEC said in its monthly report this week, citing independent sources.
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Publish Date:15/July/2017 | 11:10

Intl. firms negotiate $200 billion of oil deals in Iran

EghtesadOnline: Asian and European companies are negotiating participation in Iran’s oil and gas development projects which need $200 billion worth of investment, according to Minister of Petroleum Bijan Zangeneh.
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Publish Date:12/July/2017 | 09:59

Old Technology, Equipment, Holding Back Iran Oil Sector

EghtesadOnline: Iran's petroleum industry is operating with technology and equipment that belong to several generations ago and the way to eliminate the bottleneck is by opening up the key sector to foreign investment and technology, a senior oil official says.
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Publish Date:12/July/2017 | 08:42

Iran Readying 14 Oil, Gas Exploration Tenders

EghtesadOnline: Iran is readying its first round of oil and gas exploration tenders since the easing of economic sanctions in Jan. 2016, hoping to attract the likes of BP and Gazprom, an Iranian energy official said on the sidelines of an energy industry conference in Istanbul, Turkey, on Monday.
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Publish Date:11/July/2017 | 08:03

Plans to Increase Export of Southern Oil Products

EghtesadOnline: In line with plans to raise the export of oil products from southern terminals, the flow of oil derivative in some pipelines, which are used to transfer the products from south to central and northern regions, has been reversed, the deputy head of Iranian Oil Pipeline and Telecommunications Company said.
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Publish Date:11/July/2017 | 07:57

Zanganeh Says Total Unfazed by Sanctions

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said the French oil major Total will develop Phase 11 of the South Pars Gas Field in the Persian Gulf step-by-step because of the nature of the initiative and "that is why the whole $5 billion investment will not be transferred to the country all at once".
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Publish Date:09/July/2017 | 09:53

Iran’s oil exports increase by 77 percent in 2016

EghtesadOnline: Iran’s crude oil exports increased by 77.7 percent to over 1.921 million barrels per day (mb/d) in 2016, compared to the previous year, OPEC announced in its annual report.
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Publish Date:08/July/2017 | 10:34