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MP Calls for Prioritizing Joint Fields' Development

EghtesadOnline: Tehran needs to step up efforts to raise production from joint oil and gas fields and attract foreign investment in the key petroleum industry, said the spokesperson for the Majlis Energy Commission.
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Publish Date:28/May/2017 | 08:24

Iran Oil Minister Positive About Contracts With Oil Majors

EghtesadOnline: Tehran hopes to sign groundbreaking deals with oil majors such as Total and Lukoil this year as the reelection this month of Hassan Rouhani to the presidency should boost investments.
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Publish Date:27/May/2017 | 09:19

Petroleum minister hails OPEC Meeting

EghtesadOnline: Petroleum Minister Bijan Zangeneh said that the recent OPEC Meeting in Vienna was smooth compared to those held over the past three years and there was consensus among the members.
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Publish Date:27/May/2017 | 05:02

Iran's Maxed-Out Crude Output Eases OPEC Push to Extend Cuts

EghtesadOnline: Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains.
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Publish Date:24/May/2017 | 13:23

‘Iran not expecting OPEC call to cut output’

EghtesadOnline: Iran’s Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets to discuss extending an oil output deal tomorrow.
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Publish Date:24/May/2017 | 11:06

Spain's Tubacex Group, NIOC to Reportedly Sign Pipeline Contract

EghtesadOnline: With the aim to produce quality machinery and equipment for the oil and gas industry, the National Iranian Oil Company is to sign an agreement with a Spanish consortium to manufacture special pipelines using corrosion resistant alloys (CRAs).
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Publish Date:24/May/2017 | 08:49

Higher Targets Set for Iran Oil, Gas Production

EghtesadOnline: The National Iranian Oil Company has approved a plan envisioning its target for crude oil and natural gas production in the present fiscal that ends in March 2018.
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Publish Date:23/May/2017 | 05:51

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