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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

Italy Refiner Clears $428m Oil Debt

EghtesadOnline: Italian oil refiner Saras cleared in the first quarter of this year the debt it owed Iran for oil bought before sanctions were imposed, general manager Dario Scaffardi said.
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Publish Date:22/April/2017 | 08:31

Oil Prices Slide

EghtesadOnline: Oil prices edged lower on Friday, on course for the biggest weekly drop in a month, over doubts that an OPEC-led production cut will restore balance to an oversupplied market.
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Publish Date:22/April/2017 | 08:29

New Oil Contracts Will Enliven Iran's Job Market

EghtesadOnline: New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and trade restrictions, says Bijan Namdar Zanganeh, the oil minister.
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Publish Date:19/April/2017 | 10:56

Oil Majors Submit Development Plans for Iranian Oil Projects

EghtesadOnline: Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company for developing oil and gas reservoirs, chief executive officer of the NIOC said on Tuesday.
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Publish Date:19/April/2017 | 07:24

NIOC Invests $65m in Oil Region Infrastructure

EghtesadOnline: Almost $65 million (2.5 trillion rials) has been invested in infrastructure projects in the southern oil and gas regions, Ali Kardor, the chief executive officer of National Iranian Oil Company said.
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Publish Date:18/April/2017 | 10:06

Iran adheres to its commitments to OPEC: oil minister

EghtesadOnline: Most oil producers support an extension of output cuts by OPEC and non-OPEC countries, and Iran would also back such a move, Iranian oil minister Bijan Zanganeh said.
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Publish Date:17/April/2017 | 11:47

Petroleum Minister: Iran abides by oil contracts

EghtesadOnline: In the inauguration ceremony in South Pars Oil and Gas Field in Asaluyeh, Bushehr Province, on Saturday, Minister of Petroleum said Iran abides by all its oil contracts.
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Publish Date:16/April/2017 | 10:09

NIOC's South Pars Gas Deal With Total Finalized

EghtesadOnline: The National Iranian Oil Company and French energy giant Total S.A. are poised to finalize a major gas deal in the next few days, defying US President Donald Trump's antics against Tehran which have caused uncertainty among multinationals over economic ties with the oil-rich country.
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Publish Date:16/April/2017 | 06:34

South Korea's March crude imports from Iran hit record high

EghtesadOnline: South Korea’s intake of Iranian crude oil soared to a record high in March and its first-quarter crude imports from Iran nearly doubled on year, reflecting Tehran’s efforts to raise output after the lifting of sanctions early last year, Reuters reported.
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Publish Date:15/April/2017 | 13:15

Iran Targets Milestone in Oil, Gas Production

EghtesadOnline: Crude oil production will reach more than 4 million barrels per day and natural gas output is slated to exceed 1 billion cubic meters a day in the present fiscal that ends in March 2018.
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Publish Date:15/April/2017 | 05:46

Iran’s oil output to reach 4mb/d next March

EghtesadOnline: Iran’s Oil Minister says he expects the country’s overall oil production capacity to reach around four million barrels per day (mb/d) by next March.
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Publish Date:13/April/2017 | 07:29

Iran security body reviewing new IPC oil contracts: minister

EghtesadOnline: Iran's top security body is still reviewing the Iran Petroleum Contract (IPC) model, Oil Minister Bijan Zanganeh was quoted as saying on Sunday, as the contracts aimed at attracting foreign investors appear to face fresh delays.
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Publish Date:10/April/2017 | 05:03

India's oil imports from Iran surge to record high

EghtesadOnline: India's oil imports from Iran hit a record high above half-a-million barrels per day (bpd) in 2016/17 as the two countries stepped up trade after the lifting of sanctions on Tehran.
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Publish Date:09/April/2017 | 13:42

Iran Crude Prices Near $50 Per Barrel

EghtesadOnline: Iran's crude oil edged closer to $50 a barrel at the end of last month, the Oil Ministry said.
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Publish Date:09/April/2017 | 08:42

West Karoun Block Raising Output to 500,000 bpd

EghtesadOnline: Plans are in place to boost oil production capacity to half a million barrels per day from shared oilfields with Iraq in an oil block known as the West Karoun in Khuzestan Province, a senior oil official said.
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Publish Date:09/April/2017 | 08:40