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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

South Korea’s oil imports from Iran up 83%

EghtesadOnline: The latest market figures that South Korea’s imports of crude from Iran saw a significant increase in October compared to the same period last year, but were nonetheless lower than September by a slight margin.
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Publish Date:20/November/2017 | 13:29

Iran’s oil exports to India up 88%

EghtesadOnline: The latest market figures indicate a giant increase in India’s imports of crude oil from Iran throughout October in yet another sign of success for the Iranian oil industry after the removal of sanctions that had decimated its exports for several years.
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Publish Date:20/November/2017 | 13:24

Iran's South Pars Crude Production Exceeds 4.5 Million Barrels

EghtesadOnline: Iran has produced over 4.5 million barrels of crude from the oil layer of South Pars, the world's largest gas field in the Persian Gulf, since production began nearly eight months ago, the director of the oil layer said.
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Publish Date:20/November/2017 | 07:18

South Korea's Iran Crude Imports Fall in October

EghtesadOnline: South Korea’s imports of Iranian crude oil fell 9.5% in October from the previous month, as the Middle Eastern country cut crude and condensate exports to Asia due to production setbacks.
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Publish Date:18/November/2017 | 15:41

Singaporean Company Signs MoU to Study Iran Oilfield

EghtesadOnline: Singapore-based Berlanga Group has signed a memorandum of understanding and a non-disclosure agreement with the National Iranian Oil Company on Wednesday to study Iran’s Dalpari Oilfield in the western Ilam Province.
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Publish Date:18/November/2017 | 08:34

NIOC, Norway ORG ink MoU

EghtesadOnline: National Iranian Oil Company (NIOC) and Norway's ORG signed a memorandum of understanding (MoU) on Wednesday to broaden their mutual cooperation.
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Publish Date:05/November/2017 | 14:56

Asian imports of Iranian oil hit highest in six months

EghtesadOnline: Imports of Iranian crude by major buyers in Asia rose in September for a third straight month to their highest since March, boosted by a surge in purchases in China and South Korea, Reuters reported.
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Publish Date:05/November/2017 | 13:43

Russia to help Iran boost oil output by 1.1 mb/d

EghtesadOnline: Russia says it has worked out a “road map” with Iran over cooperating in production of crude oil that envisages investing billions of dollars to increase the country’s oil production by at least 1.1 million barrels per day (mb/d).
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Publish Date:04/November/2017 | 14:39

Iran’s oil exports to China up 59%

EghtesadOnline: The latest market figures show that Iran’s exports of crude oil to China in September saw a whopping increase of 59 percent compared to the same period last year.
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Publish Date:28/October/2017 | 15:42

Kish Field Talks Underway

EghtesadOnline: Domestic and foreign companies are in talks with the state-owned National Iranian Oil Company on the development rights of Kish Gas Field, the Persian Gulf’s second largest gas field after South Pars.
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Publish Date:28/October/2017 | 14:09