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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

Iran Crude Oil Trading Above $50

EghtesadOnline: Iran's oil export grades topped the $50-per-barrel mark in the week ending Dec. 16, supported by a decision of OPEC producers and outside producers to slash production to alleviate a global oversupply that has depressed prices for more than two years.
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Publish Date:25/December/2016 | 07:06

Iran gains share of 6.6% in Japan oil market

EghtesadOnline: Iranian oil export share in the Japanese oil market rose up to 6.6 percent in light of 49,000 bpd growth in Iran's oil exports in October.
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Publish Date:24/December/2016 | 15:27

Iran Seeks 20-Year Contracts in International Oil Tenders

EghtesadOnline: Iran expects to announce the first tender for its oil and gas development projects in the first quarter of next year, heating up the race for its multibillion-dollar energy market among international majors like Total, Royal Dutch Shell and Rosneft.
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Publish Date:24/December/2016 | 07:48

Azadegan oilfield to be put to international tender in two months

EghtesadOnline: Deputy Managing Director of National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholam-Reza Manouchehri said on Wednesday that papers for international tender of Azadegan oil field will be completed in two months.
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Publish Date:22/December/2016 | 07:52

Iran’s OPEC Win Lacks Substance Without Deals With Big Oil

EghtesadOnline: Few countries have benefited from the oil market’s 2016 recovery like Iran. Since sanctions on its economy were eased in January, the Persian Gulf producer has doubled exports as prices rallied and won approval from OPEC last month to pump even more while other members cut. The key to continued growth will be attracting foreign investment to the energy industry.
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Publish Date:20/December/2016 | 14:23

NISOC says negotiations underway with foreign companies for cooperation

EghtesadOnline: Negotiations are underway between National South Oil Company and foreign oil executives including BP, Argentine oil company, Chinese Sinopec and CNPC of China for cooperation, NISOC Managing-director Bijan Alipour said on Monday.
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Publish Date:20/December/2016 | 09:30

Gazprom Signs Oil Deal With Iran as Russians Return in Force

EghtesadOnline: Russian companies including Gazprom PJSC signed a raft of initial agreements with Iran that could lead to contracts worth billions of dollars, as Energy Minister Alexander Novak outlined Russia’s ambition to become a major investor in the Persian Gulf nation.
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Publish Date:14/December/2016 | 09:05

Europe buys 30m barrels of Iranian crude in Jan.-Aug.

EghtesadOnline: Seven European countries imported 4.22 million tons (nearly 30 million barrels) of Iranian crude oil during the first eight months of 2016, according to the latest data released by European Union’s statistics agency (Eurostat).
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Publish Date:11/December/2016 | 20:47

207 MPs hail Iran’s successful oil diplomacy

EghtesadOnline: Some 207 members of the Iranian parliament in a statement appreciated Iranian oil diplomacy which resulted in Iran’s gaining its pre-sanction quota in the Organization of Petroleum Exporting Countries (OPEC).
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Publish Date:07/December/2016 | 24:48

Shell and Total Said to Sign Initial Oil Deals With Iran

EghtesadOnline: Royal Dutch Shell Plc and Total SA will sign initial agreements on Wednesday to develop oil and gas fields in Iran, in the first European petroleum deals in the Persian Gulf country since sanctions eased earlier this year, an Oil Ministry official said.
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Publish Date:07/December/2016 | 09:48