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Iran Says It Holds No Oil Inventories at Sea

EghtesadOnline: Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, managing director of Iranian Oil Terminals Company (IOTC) said Sunday.
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Publish Date:16/January/2017 | 05:06

Iran's 9-month oil revenues top $29bn

EghtesadOnline: Iran's oil revenues have reached $29 billion in the first nine months of the current Iranian calendar year (started on March 21), according to a top official with the Petroleum Ministry.
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Publish Date:15/January/2017 | 18:14

Salehi: New nuclear power plants help save 22m oil barrels

EghtesadOnline: Head of the Atomic Energy Organization of Iran (AEOI) Ali-Akbar Salehi said on Saturday that construction of the new nuclear power plants in Bushehr help save some two million barrels of oil per year.
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Publish Date:15/January/2017 | 08:07

PGNiG in Talks to Invest in Iran's Upstream Sector

EghtesadOnline: In line with plans to develop Iran’s oil and gas fields, high-ranking officials of Poland’s state-run gas company PGNiG are expected to meet the National Iranian South Oil Company in February to finalize their ongoing negotiations to increase the recovery rate in the oilfields of Khuzestan Province, NISOC managing director said on Wednesday.
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Publish Date:12/January/2017 | 24:32

Iran oil output nearing 4m bpd: Oil official

EghtesadOnline: Deputy for Engineering and Development Affairs of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri has announced that the country is now producing daily 3.9 million barrels of oil.
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Publish Date:12/January/2017 | 10:17

Iran's Crude Sales to Europe Reaching New Highs

EghtesadOnline: Iran has ramped up oil exports to European customers to 710,000 barrels per day as the country is closing in on the levels it sold to European buyers before international sanctions were imposed.
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Publish Date:09/January/2017 | 14:43

Iran capitalizes on OPEC oil cut to sell millions of barrels - sources

EghtesadOnline: Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.
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Publish Date:09/January/2017 | 13:55

Iran, Argentina's Pluspetrol in Talks Over Oilfield Development

EghtesadOnline: National Iranian South Oil Company (NISOC) is in talks with Argentinean company Pluspetrol, a leading private exploration and production enterprise in Latin America, to develop and increase the recovery rate of oilfields in the southern province of Khuzestan, the NISOC managing director said.
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Publish Date:08/January/2017 | 05:05

Philippines in Talks to Import Iranian Crude

EghtesadOnline: Philippines' state oil company is in negotiations with the National Iranian Oil Company to resume crude imports, said a member of the Philippines National Oil Company (PNOC) board of directors.
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Publish Date:07/January/2017 | 06:11

Vitol clinches $1 billion pre-finance oil deal with Iran: sources

EghtesadOnline: The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
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Publish Date:04/January/2017 | 14:52

NIOC: Iran Pumps More Gas Than Oil

EghtesadOnline: Iran is now producing more natural gas than crude oil, a top energy official said on Saturday.
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Publish Date:02/January/2017 | 07:53

South Korea's Daelim Wins $2b Iran Refinery Project

EghtesadOnline: The National Iranian Oil Company and South Korea's construction conglomerate Daelim Industrial Company have reached an agreement to cooperate on improving oil refining facilities in Isfahan Province.
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Publish Date:31/December/2016 | 06:00

Asia's November Imports of Iran Oil Increase 117%

EghtesadOnline: Imports of crude oil by Iran's four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and South Korea more than four times higher.
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Publish Date:30/December/2016 | 09:58

Iran Signs Spot Contracts With Shell, BP

EghtesadOnline: The National Iranian Oil Company has signed new spot oil export contracts with BP and the Anglo-Dutch Royal Dutch Shell to provide them with oil and gas condensates, director for international affairs at NIOC said on Wednesday.
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Publish Date:30/December/2016 | 09:54

Iran to increase 60,000 bpd oil output in the Persian Gulf

EghtesadOnline: Managing Director of Iranian Offshore Oil Company (IOOC) Hamid Board on Tuesday unveiled a plan to increase oil output next year by 30,000 bpd at the early stage and 60,000 bpd ultimately.
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Publish Date:30/December/2016 | 07:56

Crisis-Ridden Brazil Lures Iran and India on Oil Deal

EghtesadOnline: Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states, according to politicians, a diplomat and other people close to the talks.
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Publish Date:28/December/2016 | 04:47

Iran signs agreements with the world’s giant oil companies

EghtesadOnline: Deputy of Iran’s national oil company announced that 12 Memorandum of Understanding (MoU) signed with world’s oil companies and other 10 to 12 petroleum agreements will be signed soon.
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Publish Date:26/December/2016 | 15:26