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Philippines in Talks to Import Iranian Crude

EghtesadOnline: Philippines' state oil company is in negotiations with the National Iranian Oil Company to resume crude imports, said a member of the Philippines National Oil Company (PNOC) board of directors.
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Publish Date:07/January/2017 | 06:11

Vitol clinches $1 billion pre-finance oil deal with Iran: sources

EghtesadOnline: The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
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Publish Date:04/January/2017 | 14:52

NIOC: Iran Pumps More Gas Than Oil

EghtesadOnline: Iran is now producing more natural gas than crude oil, a top energy official said on Saturday.
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Publish Date:02/January/2017 | 07:53

South Korea's Daelim Wins $2b Iran Refinery Project

EghtesadOnline: The National Iranian Oil Company and South Korea's construction conglomerate Daelim Industrial Company have reached an agreement to cooperate on improving oil refining facilities in Isfahan Province.
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Publish Date:31/December/2016 | 06:00

Asia's November Imports of Iran Oil Increase 117%

EghtesadOnline: Imports of crude oil by Iran's four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and South Korea more than four times higher.
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Publish Date:30/December/2016 | 09:58

Iran Signs Spot Contracts With Shell, BP

EghtesadOnline: The National Iranian Oil Company has signed new spot oil export contracts with BP and the Anglo-Dutch Royal Dutch Shell to provide them with oil and gas condensates, director for international affairs at NIOC said on Wednesday.
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Publish Date:30/December/2016 | 09:54

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