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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

Iran Making Decision on Changuleh Joint Oilfield

EghtesadOnline: The National Iranian Oil Company is weighing up whether to hand over the development rights of a joint oilfield in western Iran to European firms or Thailand's state oil company.
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Publish Date:24/October/2017 | 24:44

Iran Condensate Exports to Rebound in November

EghtesadOnline: Iranian exports of ultra-light crude oil, known as condensate, are set to recover 1% in November from a five-month low in October, although maintenance at a key oilfield will continue to drag on supply, a source with knowledge of the country’s preliminary tanker schedule said on Tuesday.
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Publish Date:23/October/2017 | 13:33

Iran Seeks More Euro for Crude Exports to S. Korea

EghtesadOnline: Unenthusiastic about trading oil in the US dollar and South Korea's won, Iran wants more euro payments for the crude oil it sells to South Korea, Oil Minister Bijan Namdar Zanganeh said, signaling that Tehran supports a growing interest in moving away from dollar as the international currency in oil market.
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Publish Date:23/October/2017 | 13:29

Tashkent Eyes Iran Oil Import, Mulls Transport Options

EghtesadOnline: Uzbekistan is willing to join the list of Iran's crude oil customers and talks are underway to study the full details of selling oil to the Central Asian country in the near future.
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Publish Date:23/October/2017 | 13:23

Iran, Iraq Battle for Crude Market Share

EghtesadOnline: Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from the rival Saudi Arabia to win buyers in key markets like China and the US.
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Publish Date:15/October/2017 | 13:17

Iran’s exports steady as US targets oil revenues

EghtesadOnline: Iran exported 2.25 million barrels per day (bpd) of crude oil to customers in Asia and Europe in September, data released by the Ministry of Petroleum showed on Saturday.
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Publish Date:10/October/2017 | 14:19

Iran: Domestic Firms Finalize Kharg NGL Plant Deal

EghtesadOnline: The Iranian Offshore Oil Company and SAFF Offshore Industries Company signed an agreement in which the latter has been assigned to undertake the Kharg NGL Plant development project through a public-private partnership (PPP) on build, operate and transfer (BOT) basis.
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Publish Date:10/October/2017 | 10:08

US unable to stop Iran's oil exports: Platts

EghtesadOnline: If the US reimposes sanctions on Iran's oil sector without the support of Europe, China and Russia, it will see grudging and uneven compliance by international energy companies and will not be able to stop crude flows that returned to the market in 2015, according to sanctions expert Elizabeth Rosenberg.
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Publish Date:07/October/2017 | 24:11

Iran bans oil products shipment to Iraqi Kurdistan

EghtesadOnline: Iran’s Ministry of Roads and Urban Development has warned companies against shipment of oil products to and from the Iraqi Kurdistan “until further notice,” Iranian news agencies reported on Saturday.
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Publish Date:07/October/2017 | 24:10

Tehran, Manila Discuss Oil, Petrochemical Ties

EghtesadOnline: Iran and the Philippines explored ways to expand oil trade and embark on petrochemical joint ventures in a meeting between Oil Minister Bijan Namdar Zanganeh and Jose De Venecia, special envoy of Philippine President Rodrigo Duterte, in Tehran on Tuesday.
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Publish Date:03/October/2017 | 13:33