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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

Iran needs EU’s modern oil technology

EghtesadOnline: Iran has defined $200 billion worth of projects in up/mid/downstream oil and gas sector. They will partly be carried out by foreign companies.
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Publish Date:25/July/2017 | 11:45

S Korea’s crude oil imports from Iran rise 10.5% in June

EghtesadOnline: South Korea’s crude oil imports from Iran increased 10.5% in June from a year earlier as Tehran continued to ramp up output after sanctions over its nuclear programme were lifted.
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Publish Date:25/July/2017 | 11:35

Venezuela replaces Iran as India’s key oil supplier

EghtesadOnline: The latest shipping figures show India’s purchases of crude oil from Iran in June dropped drastically but instead increased significantly from Venezuela as well as Iraq and Egypt.
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Publish Date:22/July/2017 | 10:29

Iran regains Europe market

EghtesadOnline: Iran's oil exports to European buyers reached their post-sanctions highs in May, official figures show noting that Iran's Europe oil exports have also neared oil exports to Asian countries.
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Publish Date:19/July/2017 | 24:49

Iran petroleum: Iran winner of Total deal

EghtesadOnline: A review of the international and technical conditions of Phase 11 shows that Iran is the winner of the international deal signed with Total Company to develop Phase 11 of South Pars gas field.
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Publish Date:19/July/2017 | 24:44

Iran crude oil output to reach 4 million bpd

EghtesadOnline: Iran has produced 3.8 million barrels of crude oil per day in recent months and it will reach to 4 million bpd by the end of the Iranian year, according to new analyses.
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Publish Date:19/July/2017 | 11:01

NIOC, Toyo ink MoU in oil

EghtesadOnline: National Iranian Oil Company (NIOC) and the Japanese firm Toyo signed a Memorandum of Understanding (MoU) for overhauling and production out of Salman gas field.
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Publish Date:17/July/2017 | 14:20

Iran aims to bolster oil and gas production by 2021

EghtesadOnline: Iranian deputy minister of Petroleum for Trade and International Affairs Amir Hossein Zamaninia announced that Iran intends to ramp up gas production by 202, Anadolu Agency reported.
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Publish Date:15/July/2017 | 24:32

Iran to Sign More Oil Deals "Within Weeks"

EghtesadOnline: The Iranian government is negotiating oil projects worth $200 billion with 27 foreign companies, deputy minister for international affairs, Amirhossein Zamaninia, said on Tuesday, and some of those deals could be struck very soon.
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Publish Date:15/July/2017 | 24:04

West Karoun Output to Rise by 1 mbpd

EghtesadOnline: Iran aims to boost the nominal output capacity of its shared oilfields with Iraq in an oil block known as West Karoun in Khuzestan Province by 1 million barrels a day from the present 320,000 bpd, the chief executive officer of the Petroleum Engineering and Development Company said.
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Publish Date:11/July/2017 | 07:58

Iraq Drills Oil Near Iran Border

EghtesadOnline: Iraq started drilling the first well in the Huwaiza oilfield near the Iranian border, which may contain 1 billion barrels in reserves, the Iraqi Oil Ministry said on Sunday.
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Publish Date:10/July/2017 | 08:24