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OPEC moves closer to oil output deal as Iran gets new offer

EghtesadOnline: OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday.
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Publish Date:19/November/2016 | 06:02

Iran Oil Boom Hangs in Balance as Investors Weigh Trump Risk

EghtesadOnline: Iran’s resurgent oil industry has confounded skeptics. Production is up by almost a third since sanctions were eased in January and foreign companies are lining up to help boost output further. Yet Donald Trump’s victory in the U.S. casts doubt on whether the momentum can last.
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Publish Date:17/November/2016 | 17:55

Iran, biggest crude exporter to France

EghtesdaOnline: Iran has become the first crude exporter to France in September, for the first time since the country began to export oil there after the sanctions have been removed on the country.
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Publish Date:16/November/2016 | 24:27

$6 billion in buyback investments in West Karoun oil fields

EghtesadOnline: Six billion dollars have been invested in the oil fields in Khuzestan's West Karoun Region, says Nureddin Shahnazizadeh, Director of Iran's Petroleum Engineering and Development Company (PEDEC).
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Publish Date:13/November/2016 | 17:14

Iran’s oil export to reach pre-sanctions level

EghtesadOnline: Iran’s ministry of petroleum released a report, in which announced that its oil export to the world countries has increased to a great extent after the Joint Comprehensive Plan of Action.
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Publish Date:31/October/2016 | 05:16

NIOC Rules Out Special Treatment for Vitol Group

EghtesadOnline: Tehran has resumed business with mega trading company Vitol Group after the lifting of international sanctions in January, but the Swiss trader gets no preferential treatment in Iran's energy market, a senior official said.
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Publish Date:30/October/2016 | 08:50

Iran Oil Exports to Hit 4-Month Low in Nov.

EghtesadOnline: Iran's crude oil exports are set to decline 5% in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand in Europe takes the edge off its post-sanctions export bonanza.
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Publish Date:29/October/2016 | 15:55

Sanctions Relief to Cut Iran's Oilfield Development Costs

EghtesadOnline: The cost of developing the second phase of North Azadegan Oilfield in Khuzestan Province are expected to be reduced due to the removal of international sanctions in January, the executive director of the oilfield’s development plan said Monday.
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Publish Date:25/October/2016 | 10:32

Iran's ready to join oil freeze plan

EghtesadOnline: A senior Iranian oil official here on Monday voiced Tehran readiness to join the Organization of Petroleum Exporting Countries (OPEC) oil freeze plan to help stabilize prices in international markets.
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Publish Date:25/October/2016 | 10:16

Iran, Total to finalize 2bn dollar petchem deal: Official

EghtesadOnline: French international oil company, Total, and Iran's Persian Gulf Petrochemical Industry are expected to finalize a two-billion-dollar olefin project agreement until the end of the current Iranian calendar year, says an official.
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Publish Date:22/October/2016 | 09:30

Iran Talking With 16 Investors to Bid on Oil and Gas Projects

EghtesadOnline: Iran is negotiating with 16 international energy companies to help operate and manage 50 oil and natural gas projects around the country to boost production after years of international sanctions.
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Publish Date:20/October/2016 | 07:39

OPEC Spat Over Production Data Grows as Iran Rejects Estimates

EghtesadOnline: OPEC’s struggle with the first step of its new production deal -- agreeing on how much its members are pumping -- deepened as Iran became the third nation to openly question the organization’s data.
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Publish Date:18/October/2016 | 06:19