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National Iranian Oil Company Says Finalizing Deal With OMV

EghtesadOnline: The National Iranian Oil Company is in the final phase of talks with OMV to sign a contract to sell 40,000 barrels of oil per day to the Austrian oil and gas company, the NIOC chief said.
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Publish Date:08/May/2017 | 11:23

Iran in Talks With Iraq on Joint Fields

EghtesadOnline: Negotiations are underway with Iraq to form a joint technical committee to decide on the development of joint oil fields with the Arab neighbor, managing director of Iranian Central Oil Fields Company said.
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Publish Date:08/May/2017 | 11:19

Iran refreshes consent with oil at $55

EghtesadOnline: Iran has refreshed its consent with the price of oil around $55 per barrel with the country’s Petroleum Minister Bijan Zanganeh stressing that there is already a consensus among producers to keep the prices at the same level by extending the current production cuts.
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Publish Date:07/May/2017 | 24:05

Majlis Speaker Underpins Petroleum Investments

EghtesadOnline: The ruling establishment will back any effort that will help Iran develop its key petroleum industry, Majlis Speaker Ali Larijani said on Saturday.
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Publish Date:07/May/2017 | 06:50

JCPOA Eased Oil Money Receipt

EghtesadOnline: The National Iranian Oil Company exports 2.5 million barrels of crude oil and gas condensates per day to customers from Asia to Europe and the Central Bank of Iran receives the full sale revenues in different currencies, CBI said in a statement.
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Publish Date:07/May/2017 | 06:32

Iran Oil Industry Growth Tied to Investments

EghtesadOnline: The economy will struggle if the oil industry, the engine of economic growth, does not get the long-awaited impetus after years of underinvestment.
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Publish Date:07/May/2017 | 05:12

Iran Oil Industry Still in Recovery Mode

EghtesadOnline: Mismanagement by the previous government plus the international economic sanctions incapacitated the key oil industry, Oil Minister Bijan Namdar Zanganeh said, stressing that Tehran has made concerted efforts to recuperate the oil and gas sectors over the last four years.
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Publish Date:06/May/2017 | 14:59

Iran Oil Minister Backs Extension of Crude Supply Cuts

EghtesadOnline: Tehran will support a decision to extend an OPEC-led agreement to cut crude oil supplies and lift sagging prices if other members of the Organization of Petroleum Exporting Countries continue to comply with their planned cuts.
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Publish Date:01/May/2017 | 24:27

Essar Raises Iran Oil Imports

EghtesadOnline: Essar Oil, Iran's key Indian client, doubled oil imports from Iran in 2016/17 to about 239,000 barrels per day as it stepped up shipments after sanctions against Tehran were lifted, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal.
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Publish Date:29/April/2017 | 11:33

First IPC Deals Expected in May

EghtesadOnline: Iran expects to sign its first oil deal under the new Iran Petroleum Contract (IPC) model within a month, a senior oil official said on Thursday.
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Publish Date:29/April/2017 | 11:31

Hungarians in Oil, Gas Talks

EghtesadOnline: Hungary's state-owned oil and gas group MOL is willing to help raise the rate of recovery from Iran's onshore and offshore oilfields with the help of the enhanced oil recovery (EOR) techniques.
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Publish Date:29/April/2017 | 11:23

Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts

EghtesadOnline: Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority.
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Publish Date:27/April/2017 | 05:41

Iran Reports Upsurge in Crude Exports

EghtesadOnline: The easing of international restrictions against Tehran in early 2016 breathed new life in the economy and allowed the country to augment the shipment of crude oil, its most important export commodity.
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Publish Date:26/April/2017 | 06:54

Iranian Crude Oil at $53 Per Barrel

EghtesadOnline: Iran's crude oil traded above $53 a barrel in the week to April 14, reflecting the global confidence in a pact between OPEC and non-OPEC producers to slash supplies to boost flagging oil prices.
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Publish Date:24/April/2017 | 09:38

Energy, Industry Sectors Boom

EghtesadOnline: The Iranian economy enjoyed increased oil production and growth in the industrial sector during the three quarters of the last fiscal year that ended March 20, 2017.
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Publish Date:24/April/2017 | 09:03

Iran Oil Ministry Minimizes Risk of New Sanctions

EghtesadOnline: International companies should seize new opportunities for investment in Iran's economic and energy sectors despite the talks about new sanctions in the wake of increasing political tensions between Tehran and Washington, a top oil official says.
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Publish Date:24/April/2017 | 06:08