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India to Cut Iran Oil Imports in Row Over Gas Deal

EghtesadOnline: Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.
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Publish Date:03/April/2017 | 09:50

1st cargo of Iranian oil delivered to Belarus

EghtesadOnline: A tanker carrying the first consignment of Iranian oil purchased by Belarus docked at the Port of Odessa, southern Ukraine, on Thursday delivering the cargo to the Belarusian side.
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Publish Date:24/March/2017 | 10:03

Technology, Investments Crucial to Oil Sector

EghtesadOnline: The National Iranian Oil Company can maintain its current production level of 3.9 million barrels per day for a maximum period two years. However, the 5.2 bpd production level envisaged in the sixth economic development plan (2017-22) will "not be possible without new investments."
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Publish Date:15/March/2017 | 13:39

Iran’s oil output surpasses 3.8 mb/d – OPEC

EghtesadOnline: Iran increased oil output in February by 36,100 barrels per day (b/d), month-to-month, bringing it to 3.814 mb/d, OPEC reported Mar. 14.
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Publish Date:15/March/2017 | 08:04

Petroleum Minister: Iran maintains its oil quota

EghtesadOnline: Petroleum Minister Bijan Zangeneh said on Tuesday that Iran is committed to its quota in the second half of 2017 and is determined to continue its 3.8 million barrel per day.
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Publish Date:14/March/2017 | 15:49

Iran ready to discuss with Russia over oil supplies in exchange for goods

EghtesadOnline: Iran is ready to discuss on Monday with Russia about supplies of 100,000 oil barrels per day within the framework of the "oil-for-goods" deal between the two countries, Mahmoud Vaezi, Iran's information and communications technology minister said, Sputnik reported.
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Publish Date:14/March/2017 | 07:51

Iran leapfrogs Iraq as India's no. 2 oil supplier in February

EghtesadOnline: India's oil imports from Iran rose nearly 17 percent in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, Reuters reported.
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Publish Date:14/March/2017 | 06:49

Hyundai Engineering in $3.2 Billion Iran Deal

EghtesadOnline: South Korea's Hyundai Engineering Co. signed an agreement on Sunday for financing and constructing the second phase of Kangan Petro Refining Complex -- a major petrochemical and refinery project in southern Bushehr Province.
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Publish Date:13/March/2017 | 05:49

Shell Keeps Distance From Iranian Oil

EghtesadOnline: Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high prices that still hamper the trade.
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Publish Date:12/March/2017 | 14:59

Gazprom Neft Finalizing Plan for Iranian Oil, Gas Projects

EghtesadOnline: Russia's Gazprom Neft plans to present a preliminary plan for developing two Iranian oil and gas fields — Changuleh and Cheshmeh Khosh — in April, while the final proposal is expected to be presented by late July, Gazprom Neft's First Deputy CEO Vadim Yakovlev said.
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Publish Date:09/March/2017 | 17:15

Russia may buy 5 million tons of Iran’s oil per year

EghtesadOnline: Moscow and Tehran may agree the terms of Russia’s purchases of 100,000 barrels of Iranian oil per day in the nearest future which amounts to about 5 million tons of oil per year, Russia’s Energy Minister Alexander Novak said on the sidelines of CERAWeek conference on Tuesday, TASS reported.
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Publish Date:08/March/2017 | 09:41

President hails JCPOA achievements, oil diplomacy

EghtesadOnline: President Hassan Rouhani said on Tuesday one of the rights restored to the Iranian nation following the implementation of the Joint Comprehensive Plan of Action (JCPOA) was the right to produce and export oil with no limit.
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Publish Date:08/March/2017 | 06:20

NISOC, Tatneft Sign Oilfield Study Agreement

EghtesadOnline: Russia's Tatneft signed a preliminary agreement with the National Iranian South Oil Company (NISOC) on Monday to study Shadegan Oilfield in southern Khuzestan Province.
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Publish Date:07/March/2017 | 13:43