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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

OPEC Data Show Iran's Oil Output Within Limits

EghtesadOnline: Iran's crude oil production rose by 50,200 barrels per day in January over the previous month, reaching 3.75 million bpd, OPEC said in its monthly report on Monday, citing secondary sources.
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Publish Date: 15/February/2017 | 05:49

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