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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

Asia's Iran Oil Imports Reach Five-Month High

EghtesadOnline: Imports of Iranian crude by major buyers in Asia rose for a second month in a row in August to hit their highest level since March, helped by a spike in purchases by China and South Korea.
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Publish Date: 03/October/2017 | 13:27

Dana Energy Co. Signs Deal to Study Two Oilfields

EghtesadOnline: Tehran-based Dana Energy Company has signed a memorandum of understanding with the National Iranian Oil Company to study two joint oilfields in the southern Khuzestan Province.
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Publish Date: 27/September/2017 | 13:20

Russia again leaves everyone guessing on Iran deal

EghtesadOnline: Russian Energy Minister Alexander Novak says deliveries of Iranian crude to his country under the "oil-for-goods" program can start shortly.
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Publish Date: 25/September/2017 | 14:55

Iran Vows Oil Exports as Cargoes Seen Unscathed by Trump Threat

EghtesadOnline: Iran will persist with exporting its oil to global customers, unfettered by Donald Trump’s intensifying offensive against the country, according to the Middle East nation’s state-run producer.
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Publish Date: 25/September/2017 | 14:00

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