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NIOC releases first tender of oil project

EghtesadOnline: Deputy Minister of Petroleum and Managing Director of National Iranian Oil Company Ali Kardor said on Monday that NIOC has released the first tender of oil project for the foreign executives.
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Publish Date:18/October/2016 | 04:27

Iran Kicks Off Oil-Development Tender to Woo Foreign Investors

EghtesadOnline: Iran is ramping up efforts to woo foreign investment in an energy industry stunted by years of sanctions, with a request for companies to submit documents to pre-qualify as bidders to develop the country’s oil and natural gas fields.
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Publish Date:16/October/2016 | 08:43

Tehran Resolute About $10b in Oil, Gas Deals by March

EghtesadOnline: A top oil official seems confident that Tehran will sign billions of dollars in new oil and gas contracts within the next few months as the country gradually opens up its key energy sector to foreign investments.
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Publish Date:15/October/2016 | 20:13

Iran Is Stuck With China to Finance Its Oil Dreams

EghtesadOnline: Amid the snake-infested marshlands on Iran’s border with Iraq, the control room monitoring North Azadegan oil field is manned entirely by Chinese technicians. In central Tehran, hundreds of Chinese pour out at noon from the telecommunications company Huawei to its canteen. There are now so many Chinese expatriates here, some say they outnumber all other nationalities combined.
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Publish Date:13/October/2016 | 08:46

$10bn worth oil contracts to be signed by March 20

EghtesadOnline: Deputy Minister of Petroleum for International and Commercial Affairs Amir-Hossein Zamaninia said on Sunday that 10 billion dollars worth contracts will be signed in the oil industry.
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Publish Date:11/October/2016 | 06:46

Oil giants to come back to Iran

EghtesadOnline: President of Middle-East & North-Africa Total Exploration & Production, Stephane Michel, said on Saturday that oil giants are in competition to come back to Iranian market.
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Publish Date:09/October/2016 | 20:51

Iran to develop 4 oil fields based on new contract model

EghtesadOnline: Iran is to develop four of its oil fields using models based on new oil contracts (IPC). This is the first time the Iranian Petroleum Ministry is using the IPC for its projects.
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Publish Date:05/October/2016 | 14:39

Iran sells ultra light oil to BP for first time

EghtesadOnline: Iran has started the gas condensate (ultra light crude oil) sell to BP in the form of spot cargo, Mohsen Ghamsari, director of international affairs at National Iranian Oil Co (NIOC), said.
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Publish Date:04/October/2016 | 24:31

Iran, OPEC’s Big Winner, Will Sign Landmark Oil Contract

EghtesadOnline: Iran, fresh from an OPEC meeting where it won significant concessions from regional rival Saudi Arabia, will accelerate the rejuvenation of its sanctions-ravaged energy industry on Tuesday when the state producer signs a new-model oil investment contract.
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Publish Date:04/October/2016 | 11:48

Iran aims at boosting oil exports to 2.35mbpd

EghtesadOnline: International Affairs Director of National Iranian Oil Company (NIOC) said Iran is presently exporting 2.2mbpd of crude oil but the figure could be well increased to 2,350,000 bpd.
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Publish Date:03/October/2016 | 09:05

Oil Drops as U.S. Adds Drill Rigs While Iran Seeks Export Boost

EghtesadOnline: Oil declined from the highest close in six weeks as U.S. producers increased drilling and Iran signaled it’s seeking to boost exports after OPEC members agreed to reduce output at a meeting last week.
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Publish Date:03/October/2016 | 06:10

OPEC agrees modest oil output curbs in first deal since 2008

EghtesadOnline: OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
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Publish Date:29/September/2016 | 04:19

Iran Doesn’t Want Oil Deal in Algiers, Won’t Freeze Output

EghtesadOnline: Iran is not willing to freeze its oil output at current levels and doesn’t intend to forge an agreement with other major crude producers at talks in Algiers this week, the nation’s oil minister said.
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Publish Date:28/September/2016 | 07:28