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Int'l Oil Consortium to Stay

EghtesadOnline: Amid a growing number of companies preparing to leave Iran as US sanctions kick in, an international oil and gas consortium has announced it will stay in the country.
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Publish Date:20/June/2018 | 14:12

Int'l Oil Consortium to Stay

EghtesadOnline: Amid a growing number of companies preparing to leave Iran as US sanctions kick in, an international oil and gas consortium has announced it will stay in the country.
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Publish Date:20/June/2018 | 14:12

South Korea's May Iran Crude Imports Decline

EghtesadOnline: South Korea’s Iranian crude oil imports fell in May to their lowest since January 2016, as South Korean buyers sought to reduce purchases of Iranian oil amid new US sanctions on Iran.
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Publish Date:20/June/2018 | 14:06

South Korea's May Iran Crude Imports Decline

EghtesadOnline: South Korea’s Iranian crude oil imports fell in May to their lowest since January 2016, as South Korean buyers sought to reduce purchases of Iranian oil amid new US sanctions on Iran.
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Publish Date:20/June/2018 | 14:06

Iran Could Scuttle Attempts to Increase OPEC Output

EghtesadOnline: Iran, or any other member of the Organization of Oil Exporting Countries, can unilaterally thwart efforts to reach an agreement to raise the group’s oil production, as it requires a 100% consensus to secure a new pact, a prominent Iranian energy analyst from London University said.
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Publish Date:20/June/2018 | 14:05

Iran Could Scuttle Attempts to Increase OPEC Output

EghtesadOnline: Iran, or any other member of the Organization of Oil Exporting Countries, can unilaterally thwart efforts to reach an agreement to raise the group’s oil production, as it requires a 100% consensus to secure a new pact, a prominent Iranian energy analyst from London University said.
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Publish Date:20/June/2018 | 14:05

Iran's First Crude Shipment to Chile in 16 Years

EghtesadOnline: An oil tanker hauling Iranian crude is making the first delivery to Chile in at least 16 years, a sign the Persian Gulf country may be seeking out new customers for its oil in the face of renewed US sanctions.
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Publish Date:10/June/2018 | 09:39

Iran's First Crude Shipment to Chile in 16 Years

EghtesadOnline: An oil tanker hauling Iranian crude is making the first delivery to Chile in at least 16 years, a sign the Persian Gulf country may be seeking out new customers for its oil in the face of renewed US sanctions.
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Publish Date:10/June/2018 | 09:39

Moscow to Ditch Dollar in Oil Trade

EghtesadOnline: Russian Energy Minister Alexander Novak said the country is considering an option of making oil payments in national currencies, particularly with Turkey and Iran.
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Publish Date:10/April/2018 | 06:58

India to Increase Oil Imports From Iran

EghtesadOnline: In April through January, the first 10 months of this fiscal year, India imported about 17% less Iranian oil at about 442,800 bpd.
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Publish Date:24/February/2018 | 14:06

South Korea's December Iran Crude Imports Drop

EghtesadOnline: South Korea’s imports of Iranian crude oil dropped 30.6% in December from the year before, while inbound shipments from the Middle Eastern nation over the whole of 2017 jumped by 29.1%, customs data showed on Monday.
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Publish Date:21/January/2018 | 13:36

Asia’s Iran Oil Customers Shrug Off Impact of Possible US Sanctions

EghtesadOnline: Asian importers of Iranian oil reacted coolly on Monday to the possible reimposition of US sanctions against Tehran later this year after US President Donald Trump on Friday maintained the 120-day waiver, but said it was for the final time and the last chance to rewrite the nuclear deal.
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Publish Date:21/January/2018 | 13:33

OPEC Reports Increase in Iran's December Oil Output

EghtesadOnline: Iran's crude production inched up in December as the country maintained output close to levels it has agreed to under a global supply cut deal, OPEC's data showed on Thursday.
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Publish Date:21/January/2018 | 13:29

Iran’s Oil Eases at $62

EghtesadOnline: Iran's crude oil prices eased from their peak levels this year, but continued to trade firmly above the $60-per-barrel mark in the week to Dec. 8.
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Publish Date:15/January/2018 | 05:56

NISOC to Develop 27 Oil Reservoirs

EghtesadOnline: The National Iranian South Oil Company has devised plans to expand 27 hydrocarbon reservoirs in the oil-rich Khuzestan Province by raising $4.3 billion in finances, the planning manager of NISOC said.
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Publish Date:19/December/2017 | 05:51

German Firm, RIPI Sign Technology Transfer MoU

EghtesadOnline: Germany’s Raschig GmbH has signed a memorandum of understanding with Iran’s Research Institute of Petroleum Industry on transfer of technology to Iran’s oil, gas and petrochemical industries.
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Publish Date:25/November/2017 | 13:29

Iran Turns to Europe to Shore Up Crude Exports

EghtesadOnline: Iran is banking on customers in Europe to shore up crude oil exports as the country faces the prospect of losing its foothold in Asian markets that take in the bulk of its shipments.
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Publish Date:25/November/2017 | 13:25

Poles Looking to Extract Crude in Kermanshah

EghtesadOnline: The National Iranian Oil Company is studying the development proposal of Poland’s PGNiG for Sumar Oilfield in western Iran.
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Publish Date:25/November/2017 | 11:50

Zanganeh Says Most OPEC Members Back Extending Output Cuts

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Monday that a majority of OPEC members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30.
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Publish Date:21/November/2017 | 07:05