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Petcoke Plant on RIPI Agenda

EghtesadOnline: The Research Institute of Petroleum Industry (RIPI) is intent on acquiring the expertise for producing petroleum coke and subsequently establish a production plant for the oil derivative, an executive at RIPI said on Monday.
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Publish Date:13/June/2017 | 09:30

BP to Decide Future Role in Southern Ahvaz Oilfield

EghtesadOnline: Energy giant BP is expected to announce whether or not it wants to play a role in developing Ahvaz Oilfield in Khuzestan Province after evaluating a contractual model proposed by the National Iranian South Oil Company, said Ahmad Mohammadi, head of a special workgroup at the NISOC responsible for developing southern oilfields.
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Publish Date:13/June/2017 | 09:26

Oil Majors Submit Proposals for Iran South Azadegan Project

EghtesadOnline: Total, Petronas and Inpex Corporation have presented development plans for the South Azadegan Oilfield, leading the line of international energy majors wanting to return to Iran's oil and gas industry after the lifting of economic sanctions last year.
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Publish Date:12/June/2017 | 05:30

Rise in Oil Exports to West

EghtesadOnline: Iran's oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said.
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Publish Date:11/June/2017 | 07:42

Iran, Russia sign ‘revised’ oil-for-goods deal

EghtesadOnline: Russia says it has signed a revised contract with Iran over a much-debated and long-delayed scheme to barter crude oil with goods and commodities.
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Publish Date:03/June/2017 | 11:52

Lukoil to sign Iran oil deals 'within months'

EghtesadOnline: Russia’s energy giant Lukoil says it expects to sign oil project development contracts with Iran within the next few months.
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Publish Date:03/June/2017 | 11:50

Iran Oil Minister Sees 700,000 bpd Rise in Crude Output by 2021

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh says Iran plans to raise crude oil output by 700,000 barrels per day in the long run, a decision that does not interfere with OPEC's short term reduced supply plans.
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Publish Date:03/June/2017 | 08:52

Domestic Companies Supply 80% of Petroleum Equipment

EghtesadOnline: Domestic companies manufacture 80% of equipment needed by the oil and gas industry, the managing director of the National Iranian South Oil Company (NISOC) said.
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Publish Date:31/May/2017 | 10:20

OMV Poised to Secure Iran Oil Contract

EghtesadOnline: Austrian integrated oil and gas company, OMV, is expected to secure the development rights for an oilfield in the southern Khuzestan Province.
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Publish Date:31/May/2017 | 10:15

MP Calls for Prioritizing Joint Fields' Development

EghtesadOnline: Tehran needs to step up efforts to raise production from joint oil and gas fields and attract foreign investment in the key petroleum industry, said the spokesperson for the Majlis Energy Commission.
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Publish Date:28/May/2017 | 08:24

Iran Oil Minister Positive About Contracts With Oil Majors

EghtesadOnline: Tehran hopes to sign groundbreaking deals with oil majors such as Total and Lukoil this year as the reelection this month of Hassan Rouhani to the presidency should boost investments.
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Publish Date:27/May/2017 | 09:19

Petroleum minister hails OPEC Meeting

EghtesadOnline: Petroleum Minister Bijan Zangeneh said that the recent OPEC Meeting in Vienna was smooth compared to those held over the past three years and there was consensus among the members.
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Publish Date:27/May/2017 | 05:02

Iran's Maxed-Out Crude Output Eases OPEC Push to Extend Cuts

EghtesadOnline: Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains.
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Publish Date:24/May/2017 | 13:23

‘Iran not expecting OPEC call to cut output’

EghtesadOnline: Iran’s Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets to discuss extending an oil output deal tomorrow.
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Publish Date:24/May/2017 | 11:06

Spain's Tubacex Group, NIOC to Reportedly Sign Pipeline Contract

EghtesadOnline: With the aim to produce quality machinery and equipment for the oil and gas industry, the National Iranian Oil Company is to sign an agreement with a Spanish consortium to manufacture special pipelines using corrosion resistant alloys (CRAs).
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Publish Date:24/May/2017 | 08:49

Higher Targets Set for Iran Oil, Gas Production

EghtesadOnline: The National Iranian Oil Company has approved a plan envisioning its target for crude oil and natural gas production in the present fiscal that ends in March 2018.
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Publish Date:23/May/2017 | 05:51