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Iran discovers 12 new oil fields

EghtesadOnline: Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) says.
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Publish Date:14/February/2017 | 08:56

$30 Million Increase in Daily Oil Export Income

EghtesadOnline: An agreement between OPEC and non-OPEC producers last year to cut crude supplies has raised Iran's oil revenues by $30 million per day, a deputy oil minister said on Sunday.
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Publish Date:13/February/2017 | 06:25

Oil Company Expanding Shipments to Europe

EghtesadOnline: Tehran has set its sights on raising crude oil export to Europe in 2017 as the number of customers willing to buy from Iran is on the rise, head of the National Iranian Oil Company said.
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Publish Date:12/February/2017 | 06:04

Iran to have $50 billion oil revenues next year: Min

EghtesadOnline: Petroleum Minister Bijan Zangeneh said that Iran oil exports has reached the pre-sanctions level and its oil income will reach 45 to 50 billion dollars next Iranian year (to start March 21), if a barrel of crude sells for $55.
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Publish Date:11/February/2017 | 09:57

Iran takes market share from OPEC rivals

EghtesadOnline: Iran’s crude oil and condensate exports rose three percent month-on-month in January as it continued to regain market share, widening its appeal among refiners around the globe in the process.
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Publish Date:11/February/2017 | 09:34

Iran’s refinery products to reach 3mbd by 2021

EghtesadOnline: Minister of Petroleum, Bijan Zangeneh, said on Monday that Iran’s refinery products will reach three million barrels per day by the end of the Sixth Five-Year Economic Development Plan (2016-21) based on the pre-scheduled plan and targets.
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Publish Date:07/February/2017 | 08:39

Iran Envisages Bigger Domestic Role in IPC Projects

EghtesadOnline: The National Iranian Oil Company is compiling a list of domestic companies that can operate as part of future oil and gas development projects, Ali Kardor, the NIOC chief, said at the weekend.
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Publish Date:06/February/2017 | 06:44

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