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Iran's Light Crude Hits $54

EghtesadOnline: Iran's light crude extended its rally to $54 per barrel in the week to September 15 along with a global upturn in oil market. The light grade rose by $1.60 to $54.01 a barrel in the week.
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Publish Date:25/September/2017 | 13:11

Oil Export Revenues Top $23 Billion

EghtesadOnline: Iran has earned over $23 billion from selling crude oil in roughly six months since the beginning of the present fiscal year in March, the Central Bank of Iran reported, indicating a strong recovery in Iran’s oil industry since last year’s lifting of sanctions.
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Publish Date:23/September/2017 | 13:35

Iran sees oil exports rising as joint fields get a boost

EghtesadOnline: Iran’s oil exports, currently more than 2.6 million barrels per day (bpd) including gas condensate, will increase in the second half of the year amid a rise in production capacity, a senior official says.
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Publish Date:20/September/2017 | 13:53

Int’l Consortium to Develop Azadegan Oilfield Project

EghtesadOnline: The National Iranian Oil Company has decided to award the development rights for the giant Azadegan Oilfield in Khuzestan Province to an international consortium, the NIOC deputy director said, indicating Tehran's willingness to bring together some of the world's top oil companies to develop one of its most prized deposits.
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Publish Date:16/September/2017 | 04:56

Iran’s Aug. Oil Price Up, Production Unchanged

EghtesadOnline: Iran's crude oil output last month almost remained unchanged from July, data by OPEC showed on Tuesday, as production cuts by most members of the Organization of Petroleum Exporting Countries outweighed additional supplies, particularly those of Nigeria.
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Publish Date:16/September/2017 | 04:54

Iranian Crude Below $51

EghtesadOnline: Iran's crude oil dipped below $51 a barrel in the week to September 1, echoing uncertainties in global markets roiled by supply disruptions in the US.
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Publish Date:13/September/2017 | 13:31

French Co. in $42m Deal with Iran to Reduce South Pars Gas Flaring

EghtesadOnline: Gas services company SOFREGAZ S.A. signed a $42 million deal with Iran's state oil company NIOC on Wednesday on collecting and reusing natural gas that is being burned off in South Pars Gas Field in the Persian Gulf.
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Publish Date:11/September/2017 | 24:05

Cooperation With Russia, Turkey to Boost Iran's Oil, Gas Production

EghtesadOnline: A joint effort by Iranian, Russian and Turkish companies can lead to producing more than 100,000 barrels of crude oil and over 80 million cubic meters of natural gas per day from Iranian fields, the head of Iran's Ghadir Investment Company said.
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Publish Date:04/September/2017 | 10:29

Attractive prospects seen for Iran oil industry: Official

EghtesadOnline: Deputy minister of petroleum for international and commercial affairs said on Saturday that given the enthusiasm shown by foreign companies for engaging in Iran’s oil sector, the industry will experience a great boom in the next two years.
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Publish Date:03/September/2017 | 08:01

OPEC Output Cuts Cloud Iran Outlook

EghtesadOnline: Iran's oil minister said on Monday the country's crude oil output is notably below the levels it should be, but acknowledged that OPEC-led efforts to cut supplies and ease a persistent oversupply may undercut Iran's production plans in the long run.
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Publish Date:30/August/2017 | 13:38

Iran planning to lure $100bn in oil industry investment

EghtesadOnline: President Hassan Rouhani in an addressing to the parliament on August 20, said that drawing $100 billion in foreign investment to develop Iran’s oil industry is among the oil minister’s main tasks in his second term.
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Publish Date:30/August/2017 | 11:38

Iran oil output not matching up with reserves: Zangeneh

EghtesadOnline: Minister of Petroleum Bijan Zangeneh says Iran currently produces more than 3.8 million barrels per day (bpd) of crude oil, roughly the same production level before the 2012 sanctions.
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Publish Date:30/August/2017 | 06:41

Iran's latest oil output, export volume

EghtesadOnline: The Iranian deputy minister of petroleum announced the latest statistics on the volume of output and export of Iran’s crude oil.
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Publish Date:23/August/2017 | 11:42

NIOC to Hold Briefing on Azadegan Oilfield Tender

EghtesadOnline: State oil company, NIOC, is set to hold a briefing this week on a long-anticipated tender for Azadegan Oilfield, the first major crude oil reservoir to be developed within the framework of Tehran's new oil contracts.
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Publish Date:22/August/2017 | 13:36

NISOC Targeting 20% Rise in Recovery Rate

EghtesadOnline: National Iranian South Oil Company aims to increase the recovery rate of its oilfields by as much as 20%, the company's chief executive officer says.
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Publish Date:20/August/2017 | 10:33

Iran Ready to Increase Oil Swap to 500,000 bpd

EghtesadOnline: Iran is ready to ramp up oil swap capacity after receiving the first batch of crude oil from the Caspian Sea in seven years for swapping through the Persian Gulf, the director of Iranian Oil Pipeline and Telecommunications Company said.
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Publish Date:20/August/2017 | 10:25

OPEC Agreement increases Iran's petrochemical export value

EghtesadOnline: Value of Iran's petrochemical export in the first three months of the year in comparison with the same period of the preceding year has increased by more than 200 million dollars.
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Publish Date:19/August/2017 | 24:26