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Parliament requires Oil Ministry to boost strategic reserves

EghtesadOnline: Lawmakers in the Iranian parliament (Majlis) urged the Ministry of Petroleum on Wednesday to increase the country’s strategic reserves of oil and natural gas as a leverage in the global oil and gas markets.
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Publish Date:01/March/2017 | 14:27

Oil official: Iranian companies should get more powerful

EghtesadOnline: Deputy Minister of Petroleum for Petrochemical Affairs Marzieh Shahdaie said on Tuesday that Iranian petrochemical industry is an international industry and Iranian companies should raise their competitive power globally.
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Publish Date:01/March/2017 | 09:41

Iran Insists on Tendering Oil, Gas Development Projects

EghtesadOnline: Iran is determined to develop its oil and gas fields through tenders for international companies, a top oil official said, as the country strives to hold the first such tender since sanctions were lifted in the January of last year.
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Publish Date:28/February/2017 | 16:51

Iran expects oil market changes as Tillerson US secretary

EghtesadOnline: New changes are expected to happen in the global oil market as the former Exxon boss Rex Tillerson has become the United States’ secretary of state, Iranian Oil Minister Bijan Namdar Zanganeh has said.
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Publish Date:22/February/2017 | 16:06

Iran and Iraq ready to remove obstacles for promoting cooperation

EghtesadOnline: Iran’s Petroleum Minister Bijan Zangeneh explored avenues for promoting cooperation between the two countries as well as obstacles in the way of mutual collaboration with Iraqi Prime Minister Heydar Al-Abadi in the capital city late on Monday.
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Publish Date:21/February/2017 | 13:50

Tehran Bemoans Shortcomings in Boosting Recovery Rates

EghtesadOnline: The pace of drilling operations in Iran is half of that of international firms with access to cutting-edge technology, the National Iranian Oil Company said on Saturday.
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Publish Date:20/February/2017 | 05:52

OPEC Data Show Iran's Oil Output Within Limits

EghtesadOnline: Iran's crude oil production rose by 50,200 barrels per day in January over the previous month, reaching 3.75 million bpd, OPEC said in its monthly report on Monday, citing secondary sources.
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Publish Date:15/February/2017 | 05:49

Iran discovers 12 new oil fields

EghtesadOnline: Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) says.
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Publish Date:14/February/2017 | 08:56

$30 Million Increase in Daily Oil Export Income

EghtesadOnline: An agreement between OPEC and non-OPEC producers last year to cut crude supplies has raised Iran's oil revenues by $30 million per day, a deputy oil minister said on Sunday.
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Publish Date:13/February/2017 | 06:25

Oil Company Expanding Shipments to Europe

EghtesadOnline: Tehran has set its sights on raising crude oil export to Europe in 2017 as the number of customers willing to buy from Iran is on the rise, head of the National Iranian Oil Company said.
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Publish Date:12/February/2017 | 06:04

Iran to have $50 billion oil revenues next year: Min

EghtesadOnline: Petroleum Minister Bijan Zangeneh said that Iran oil exports has reached the pre-sanctions level and its oil income will reach 45 to 50 billion dollars next Iranian year (to start March 21), if a barrel of crude sells for $55.
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Publish Date:11/February/2017 | 09:57

Iran takes market share from OPEC rivals

EghtesadOnline: Iran’s crude oil and condensate exports rose three percent month-on-month in January as it continued to regain market share, widening its appeal among refiners around the globe in the process.
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Publish Date:11/February/2017 | 09:34