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Iran’s oil production to pass 4 million barrels

EghtesadOnline: “Exporting of crude oil and gas condensations reaches to 3 million barrels per day,”reported Iran national Oil Company’s CEO, pointing to the rise of daily oil production to 4 million barrels.
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Publish Date:05/February/2017 | 05:45

NIOC, Pasargad Energy Co. Sign Oilfield Study Agreement

EghtesadOnline: Pasargad Energy Development Company (PEDC) has signed a memorandum of understanding and a non-disclosure agreement with the National Iranian Oil Company to study three oilfields in the southern regions. It was the second oilfield agreement signed with Pasargad in less than a week.
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Publish Date:04/February/2017 | 10:05

Iran to become gasoline exporter by next year

EghtesadOnline: “Completing the developing plans till early next year, after 110 years finally we can become a gasoline exporter” said Iran’s oil minister deputy.
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Publish Date:02/February/2017 | 18:02

German Engineering Giant Sees Opportunity in New Iran Market

EghtesadOnline: Iran has ample opportunities for investment in the oil, gas and petrochemical sectors and Siemens is looking to diversify its presence in the energy-rich country, says senior executive of the German electronics and engineering giant.
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Publish Date:01/February/2017 | 05:55

Zanganeh Says Oil Output at 3.9 mbpd

EghtesadOnline: Crude oil production has reached 3.9 million barrels per day and is rising, Oil Minister Bijan Namdar Zanganeh said.
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Publish Date:29/January/2017 | 14:07

Schlumberger to Submit Development Proposal for 3 Iranian Oilfields

EghtesadOnline: Schlumberger Ltd, the world's leading oilfield services provider, will submit next month a comprehensive proposal to develop three oilfields in southern Khuzestan Province to the National Iranian South Oil Company (NISOC), the company's managing director said.
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Publish Date:29/January/2017 | 14:05

First Iranian-owned oil tankers head to Rotterdam post-sanctions

EghtesadOnline: Two Iranian-owned oil tankers are sailing to the heart of northern Europe's refining and trading hub for the first time since sanctions on the country were lifted last year, oil trading and shipping sources told Reuters.
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Publish Date:28/January/2017 | 24:08

OMV officially comes back to Iran’s oil industry

EghtesadOnline: Austria's OMV has signed a Memorandum of Understanding with Dana Energy, Iranian company targeting oil and gas upstream field development activities.
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Publish Date:25/January/2017 | 11:57

Iran Speeding Up Oil, Gas Deals

EghtesadOnline: The National Iranian Oil Company is keen to finalize high-priority oil and gas deals by the end of the current fiscal year in March, including Phase 11 of South Pars Gas Field and a plan to tender the giant South Azadegan Oilfield, NIOC's managing director said on Tuesday.
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Publish Date:25/January/2017 | 07:56

Iran Committed to Supply Cut Deal

EghtesadOnline: Iran is maintaining crude oil production within the framework of a global pact reached last year to cut supplies to ease the bloated oil inventories and lift sagging prices, a deputy at the National Iranian Oil Company said.
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Publish Date:23/January/2017 | 14:23

Iran Keen to Expand Overseas E&P Operations

EghtesadOnline: Collaboration with international firms for oil exploration/production overseas is on the agenda of the National Iranian Oil Company, says the director for drilling operations.
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Publish Date:22/January/2017 | 13:32

OPEC Reports Slight Rise in Iran's Dec. Oil Output

EghtesadOnline: Iran slightly boosted its crude production last month ahead of a supply-cut deal that came into force on Jan. 1, OPEC said in its monthly report this week.
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Publish Date:21/January/2017 | 05:19

First Iranian oil tanker docks at Spain's port in post-JCPOA era

EghtesadOnline: After lifting problems of insurance, class, flag and international licenses for Iranian ships in post-sanction era, Iran's tankers fleet resumed commuting in Green Continent's ports, managing director of National Iranian Tanker Company said.
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Publish Date:20/January/2017 | 18:49

Global Insurers to Resume Full Coverage for Iran Oil Exports

EghtesadOnline: Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving US-domiciled reinsurers, officials in Tokyo and London said.
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Publish Date:18/January/2017 | 24:44

Iran Resolute in Quest for Bigger Oil Market Share

EghtesadOnline: Tehran is keen on raising crude oil output and expand its footprint in the global market despite being part of a pact that took effect this month to cut oil supplies, said Saeed Khoshrou, National Iranian Oil Company's new deputy for international affairs.
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Publish Date:18/January/2017 | 24:42

Heavy Tanker Traffic in Iranian Oil Terminals

EghtesadOnline: Iran's oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50% compared to last year, managing director of Iran Oil Terminals Company (IOTC) said on Tuesday.
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Publish Date:18/January/2017 | 24:39