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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

Iran's crude oil output hits record

EghtesadOnline: The Iranian government spokesman announced an unprecedented record for crude oil output for the first time since the lifting of sanctions against Tehran.
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Publish Date:04/July/2017 | 10:17

Iran, Total to Finalize South Pars Gas Deal on Monday

EghtesadOnline: Iran plans to sign a contract to develop its giant South Pars Gas Field with France's Total on Monday, the first major European energy investment since sanctions against Tehran were lifted over a year ago, an Iranian Oil Ministry official said on Sunday.
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Publish Date:02/July/2017 | 13:49

July Crude Exports Set to Fall

EghtesadOnline: Iran's crude oil exports in July are set to fall 7% from this month's three-month high, mainly due to a decline in exports to Europe, a person with knowledge of the Middle Eastern country's tanker loading schedule said.
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Publish Date:01/July/2017 | 10:46

Iran Targets 4 mbpd Crude Oil Output by March 2018

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said Iran aims to increase crude oil production by around 200,000 barrels a day before the fiscal year is out in March 2018.
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Publish Date:25/June/2017 | 10:57

Iran's largest oil terminal export capacity hits 8mbd

EghtesadOnline: Managing Director of Iranian Oil Terminals Company Pirouz Mousavi announced on Saturday preparedness of 9 jetties for berth of oil tankers in Kharg Terminal.
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Publish Date:25/June/2017 | 08:13

Total hails new format of Iranian oil deals

EghtesadOnline: Total Chief Executive Patrick Pouyanne who is preparing to sign a major gas contract with Iran has hailed the country’s new format of oil sector agreements as “a real improvement”.
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Publish Date:21/June/2017 | 24:08

Jakarta Keen on Expanding Oil Trade

EghtesadOnline: Indonesia's volume of crude oil imports from Iran can increase, said Octavino Alimudin, the Indonesian ambassador to Tehran, in a meeting with the Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamreza Shafei in Tehran on Sunday.
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Publish Date:20/June/2017 | 10:33

Eni, NIOC Ink Deal on Studying Iran Oil, Gas Fields

EghtesadOnline: Italian energy giant, Eni and National Iranian Oil Company Tuesday signed a Memorandum of Understanding for studying Kish gas field and 3rd phase of Darquain oil field, as part of the country's effort to racket its production after the removal of sanctions.
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Publish Date:20/June/2017 | 09:33

Iran Crude Prices Slide 5%

EghtesadOnline: Iranian crude oil slipped to $45 per barrel in the week to June 9 amid bearish sentiments that an OPEC-led initiative to erase global oil stocks to lift prices is not enough.
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Publish Date:19/June/2017 | 08:12

Iran sees strategic gains in Total deal

EghtesadOnline: As Iran is preparing to sign a much-delayed deal with the French energy giant Total over the development of a major gas project, indications are growing that Tehran is already looking at the political messages that the deal could send to the world.
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Publish Date:18/June/2017 | 24:01

Gov’t Encouraged to Sign Contracts With Oil Majors

EghtesadOnline: Respected energy expert and economist Ali Shams Ardekani has pleaded with the government not to waste precious time in finalizing oil and gas deals with international majors despite the opposition from his political opponents who are against opening up the economy and energy sectors to foreign investment.
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Publish Date:18/June/2017 | 09:22