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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

Zangeneh: Iran, Total to ink energy contract soon

EghtesadOnline: Minister of Petroleum Bijan Zangeneh announced that Iran and the French oil giant Total are in the final stage of signing a contract on the development of the Phase 11 of South Pars and it will be signed before the end of work of the 11th government.
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Publish Date: 18/June/2017 | 06:36

Iran names Russian firms to major project

EghtesadOnline: The National Iranian Oil Company (NIOC) has added four Russian companies and Azerbaijan’s state oil firm Socar to the list of firms qualified for development work in the Islamic Republic.
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Publish Date: 17/June/2017 | 11:09

India, S. Korea Cut Crude Imports From Iran

EghtesadOnline: India's oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian companies.
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Publish Date: 17/June/2017 | 07:47

IPC Deferral Holding Back Oil Industry Progress

EghtesadOnline: Procrastination in concluding new oil and gas contracts with international companies not only poses a setback to the key industry but also provides neighboring states the opportunity to outpace Iran in production from shared hydrocarbon resources, deputy for downstream sector at Iran's Research Institute of Petroleum Industry (RIPI) said.
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Publish Date: 17/June/2017 | 05:28

Persian Gulf Star Refinery Up and Running

EghtesadOnline: Close to 100 million liters of gasoline has been produced in the Persian Gulf Star Refinery in the city of Bandar Abbas, Hormozgan Province, since its launch in the beginning of last month, said Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC).
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Publish Date: 16/June/2017 | 09:00

Total in Unison With Iran Oil Equipment Manufacturers

EghtesadOnline: French energy giant Total and the Society of Iranian Petroleum Industries Equipment Manufacturers have come to an agreement to use domestically made equipment to develop South Pars Gas Field Phase 11, according to Reza Khayyamian, head of the society.
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Publish Date: 16/June/2017 | 08:57

Leap in Iran Light Crude Export

EghtesadOnline: Crude oil exports from the Kharg Oil Terminal in the Persian Gulf stood close to 780 million barrels in the fiscal year that ended in March 2016, or around 2.1 million barrels daily, managing director of Iran Oil Terminals Company (IOTC) said on Tuesday.
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Publish Date: 14/June/2017 | 24:28

NIOC Looking to Seal Major Oil Deals

EghtesadOnline: Iran is well-positioned to sign major oil contracts by the end of the present fiscal in March, said Ali Kardor, chief executive officer of the National Iranian Oil Company.
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Publish Date: 13/June/2017 | 09:34

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