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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

Iran Committed to Supply Cut Deal

EghtesadOnline: Iran is maintaining crude oil production within the framework of a global pact reached last year to cut supplies to ease the bloated oil inventories and lift sagging prices, a deputy at the National Iranian Oil Company said.
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Publish Date:23/January/2017 | 14:23

Iran Keen to Expand Overseas E&P Operations

EghtesadOnline: Collaboration with international firms for oil exploration/production overseas is on the agenda of the National Iranian Oil Company, says the director for drilling operations.
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Publish Date:22/January/2017 | 13:32

OPEC Reports Slight Rise in Iran's Dec. Oil Output

EghtesadOnline: Iran slightly boosted its crude production last month ahead of a supply-cut deal that came into force on Jan. 1, OPEC said in its monthly report this week.
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Publish Date:21/January/2017 | 05:19

First Iranian oil tanker docks at Spain's port in post-JCPOA era

EghtesadOnline: After lifting problems of insurance, class, flag and international licenses for Iranian ships in post-sanction era, Iran's tankers fleet resumed commuting in Green Continent's ports, managing director of National Iranian Tanker Company said.
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Publish Date:20/January/2017 | 18:49

Global Insurers to Resume Full Coverage for Iran Oil Exports

EghtesadOnline: Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving US-domiciled reinsurers, officials in Tokyo and London said.
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Publish Date:18/January/2017 | 24:44

Iran Resolute in Quest for Bigger Oil Market Share

EghtesadOnline: Tehran is keen on raising crude oil output and expand its footprint in the global market despite being part of a pact that took effect this month to cut oil supplies, said Saeed Khoshrou, National Iranian Oil Company's new deputy for international affairs.
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Publish Date:18/January/2017 | 24:42

Heavy Tanker Traffic in Iranian Oil Terminals

EghtesadOnline: Iran's oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50% compared to last year, managing director of Iran Oil Terminals Company (IOTC) said on Tuesday.
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Publish Date:18/January/2017 | 24:39

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