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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

OPEC set for no deal as Iran rejects Saudi oil output offer

EghtesadOnline: Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
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Publish Date: 28/September/2016 | 05:08

Austria begins to purchase oil from Iran

EghtesadOnline: Austrian Ambassador to Tehran Friedrich Stift said on Tuesday that after a long time halt, Austria began to purchase oil from Iran last week.
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Publish Date: 27/September/2016 | 14:45

Iran Now Has the Edge in the Fight Over Oil Prices With Saudi Arabia

eGHTESADoNLINE: suddenly the tables have been turned on Saudi Arabia. The biggest oil exporter has swapped its traditional role as price dove with regional foe Iran, for years OPEC price hawk. The government in Riyadh is now offering a deal -- including its first output cut in eight years -- to boost prices; Tehran is dragging its feet. At the center of the reversal is their contrasting thresholds for enduring economic pain.
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Publish Date: 27/September/2016 | 07:14

Iran downplays chances of oil deal, UAE keen on freeze

EghtesadOnline: Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude.
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Publish Date: 27/September/2016 | 04:21

OPEC Deal Still Elusive Even After Saudis Offer Oil Cuts to Iran

EghtesadOnline: OPEC members aren’t likely to reach a supply deal in Algiers next week, but an agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production.
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Publish Date: 24/September/2016 | 24:48

Iran ready to swap oil with Russia

EghtesadOnline: Oil Minister Bijan Zanganeh has reported on negotiations between Iran and Russia for oil swap.
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Publish Date: 22/August/2016 | 07:14