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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

Ukraine joins Iran’s oil customers: Report

EghtesadOnline: Ukraine has joined Iran’s oil customers, making its first purchase in June, media reports cited the country’s State Fiscal Service as saying.
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Publish Date:19/August/2017 | 11:17

Iran: Prospect of Attracting $15b in Energy Finance

EghtesadOnline: The $5 billion gas deal reached with Total S.A. last month set a new tone for Iran's energy industry and the country is now poised to seal new oil and gas agreements worth three times the gas deal with the French major.
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Publish Date:16/August/2017 | 13:37

S. Korea's Iran Oil Imports Jump 27%

EghtesadOnline: South Korea's crude oil imports from Iran rose 26.5% in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks to boost market share.
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Publish Date:16/August/2017 | 10:13

Oil Exports to China to Reach 11-Month High

EghtesadOnline: Iran's oil exports to China may rise to the highest in 11 months in August, as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said on Thursday.
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Publish Date:06/August/2017 | 14:23

NIOC Subsidiaries Sign Cooperation MoU

EghtesadOnline: In line with plans to make the best use of facilities and capacities, the Exploration Department of the National Iranian Oil Company and the Iranian Offshore Oil Company, one of the biggest subsidiaries of NIOC, signed a cooperation memorandum of understanding on Wednesday.
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Publish Date:06/August/2017 | 14:21

Austria's OMV to Develop Band-e-Karkheh

EghtesadOnline: West Karoun covers a quite large area of land in the western bank of Karoun River as far away as the Iran-Iraq border. West Karoun is part of oil-rich Khuzestan Province, but in the 1980s and the following two decades it was impossible to operate oil exploration and production projects due to the imposed war and landmines that had not been cleared.​
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Publish Date:30/July/2017 | 10:10

KEPCO seeking Int'l Investors, Developers

EghtesadOnline: Khazar Exploration and Production Company (KEPCO) is in talks with leading energy giants from across the globe to lure them into investment and development of oil fields in big depths of water in Iran’s sector of the Caspian Sea, the company's CEO says.
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Publish Date:30/July/2017 | 10:05