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Oil MoUs to turn into agreements in months: Oil official

EghtesadOnline: A senior oil official announced that Iran’s oil MoUs with the international companies will turn into agreements in the Iranian month of Khordad (May 21, June 20, 2017).
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Publish Date:04/March/2017 | 13:00

Iran's National Oil Co. Studying Oilfield Development Proposals

EghtesadOnline: The National Iranian Oil Company is studying proposals from foreign oil companies to develop the country's rich hydrocarbon reservoirs, said the deputy for development and engineering at the NIOC.
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Publish Date:04/March/2017 | 05:55

Iran can export 600,000 barrels of petroleum products per day

EghtesadOnline: According to latest reports, Iran exports 450,000 barrels of petroleum products per day, but deputy of Iranian Oil Refining and Distribution Company insisted that the number can rise up to 600,000 barrels.
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Publish Date:02/March/2017 | 11:50

Asian imports of Iranian oil rise nearly 70%

EghtesadOnline: Imports of Iranian crude by Asia's four main buyers of the oil rose about two-thirds in January from a year ago when levels were lower as Western sanctions on Tehran had only just been lifted, Reuters reported.
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Publish Date:02/March/2017 | 11:48

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