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Rouhani Win Seen Speeding Iran's Oil Push Amid Trump Threats

EghtesadOnline: Iranian President Hassan Rouhani is in a stronger position after his re-election to push through plans for wooing foreign investors the country needs to boost oil production, according to analysts at Cornerstone Global Associates and SVB Energy.
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Publish Date:23/May/2017 | 04:14

IOOC Eying Output Rise in Persian Gulf Oilfields

EghtesadOnline: The Iranian Offshore Oil Company (IOOC) is taking measures to increase production from oilfields in the Persian Gulf whose output took a hit when international sanctions were in place, Hamid Bovard, the company's chief executive officer, said.
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Publish Date:22/May/2017 | 08:57

Indian Refiners Offered Oil Tanker Service

EghtesadOnline: The National Iranian Tanker Company is willing to expand cooperation with Indian refiners and help ship their petroleum products to target destinations.
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Publish Date:22/May/2017 | 05:53

MOTs to Help Improve Oilfield Development

EghtesadOnline: In line with the declared policy to ramp up oil output from shared oilfields with Iraq in the West Karoun oil block in Khuzestan Province, using modern equipment like mobile oil treaters (MOTs) are on the agenda, a senior oil official said.
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Publish Date:20/May/2017 | 07:06

Officials: European firms seeking gas and oil ties with Iran

EghtesadOnline: Iran's oil and gas officials say that world countries, including the European states, have expressed their interest in the country's oil and gas projects after the landmark nuclear agreement reached between Iran and world powers in July 2015.
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Publish Date:15/May/2017 | 14:18

Iran Crude Oil Slips Below $50

EghtesdaOnline: Iranian crude oil traded down more than 4% to $45 per barrel in the week to April 28, showing signs of pressure from the slowdown in the global oil markets.
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Publish Date:15/May/2017 | 13:23

Iran's South Pars Oil Output Surpasses 1m Barrels

EghtesadOnline: Production from the oil layer of South Pars, the giant gas field shared between Iran and Qatar in the Persian Gulf, has exceeded 1 million barrels in less than two months, managing director of Petroiran Development Company (PEDCO) said Saturday.
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Publish Date:15/May/2017 | 05:00

Pergas Drafting Proposal for 2 Khuzestan Oilfields

EghtesadOnline: Pergas Consortium will submit its master development plan proposal to the National Iranian Oil Company to develop Shadegan and Karanj oilfields in the southern oil-rich province of Khuzestan by July, the group's managing director said.
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Publish Date:14/May/2017 | 04:46

Iran Oil Show 2017 with taste of JCPOA

EghtesadOnline: The 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition was held in the Iranian capital last week while the European states had stronger presence in the event due to the July 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).
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Publish Date:13/May/2017 | 14:03

Philippines announces Iran oil buy, LNG plans

EghtesadOnline: The Philippines plans to buy 250,000 to 260,000 barrels per day of oil for use in a new refinery from Iran, President of state-own Philippines National Oil Co. (PNOC) Pedro Aquino says.
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Publish Date:13/May/2017 | 13:47

OMV Wrapping Up Talks on NIOC Settlement

EghtesadOnline: The chief executive of Austrian energy group OMV, Rainer Seele, said on Thursday that talks with Iran's national oil company NIOC on settling outstanding claims which have hindered OMV from investing more in the country are almost finished.
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Publish Date:13/May/2017 | 09:50

Iran Complying With Crude Supply Cut Deal

EghtesadOnline: Iran cut back crude oil production last month in a move that reflects its adherence to a global supply cut deal and OPEC's efforts to shore up prices and restore balance to the beleaguered oil market.
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Publish Date:13/May/2017 | 09:48

Iran's South Azadegan Oilfield Output to Double

EghtesadOnline: Crude oil production from the giant South Azadegan field near the Iraqi border will double in the present fiscal year that ends in March 2018, said an official at the Petroleum Engineering and Development Company (PEDEC) in charge of the field's development.
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Publish Date:12/May/2017 | 06:48

French Co. Positive About Prospects in Iran

EghtesadOnline: An official at the French industrial conglomerate Groupe NOX said Iran’s nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between Iranian and French companies, particularly in the oil and gas sector.
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Publish Date:12/May/2017 | 06:46

Pall Corp. first US tech firm to invest in Iran in years

EghtesadOnline: An Iranian company says a top American technology leader plans to invest in an Iranian oil equipment production project – what could be the first direct investment by a US oil company in Iran after the 1979 Islamic Revolution.
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Publish Date:10/May/2017 | 13:10

MAPNA, OIEC to Study Iran Oil Deposits

EghtesadOnline: Domestic companies on Tuesday signed two agreements with the National Iranian Oil Company to study crude oil deposits in the south.
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Publish Date:10/May/2017 | 08:56

Cut in Costs of Oil Equipment Imports

EghtesadOnline: The lifting of international economic sanctions last year helped Iran cut costs for import of essential equipment for the key oil industry.
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Publish Date:09/May/2017 | 08:35

South Pars Gas Field Starts Exporting Crude Oil

EghtesadOnline: The first crude oil consignment from the oil layer of South Pars, the giant gas field that is shared between Iran and Qatar in the Persian Gulf, has been exported, managing director of the Iranian Offshore Oil Company (IOOC) said on Monday.
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Publish Date:09/May/2017 | 05:05