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Asian imports of Iranian oil surge in Jan.-May

EghtesadOnline: Imports of Iranian crude by its four main buyers in Asia jumped 30.5 percent in January-May 2017, government and ship-tracking data showed.
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Publish Date:09/July/2017 | 11:45

Petchem Development Impossible without Tapping FDI: Official

EghtesadOnline: The managing director of a major oil, gas and petrochemical investment company says without foreign direct investments (FDI), implementation of major petrochemical and energy projects in Iran would be impossible.
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Publish Date:09/July/2017 | 11:43

Iran’s 2016 oil exports up over 77%: OPEC

EghtesadOnline: Iran’s oil exports in 2016 reached 1.921 million barrels per day (bpd), a 77.6 percent rise compared to 2015, according to OPEC’s latest Annual Statistical Bulletin report.
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Publish Date:09/July/2017 | 11:26

Iran in Talks to Develop More Oil, Gas Deposits

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said serious negotiations are underway to develop Iran's hydrocarbon deposits, including Azadegan, Yadavaran and Yaran, major oilfields in the oil-rich Khuzestan Province.
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Publish Date:09/July/2017 | 08:20

Oil, Gas Infrastructures Require Major Overhaul

EghtesadOnline: Iran has an estimated $400 billion worth of physical assets in the petroleum industry, but low efficiency and high rates of incidents in the industry show the country's oil and gas infrastructures require a major overhaul, according to an Oil Ministry official.
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Publish Date:09/July/2017 | 08:19

Kardor: SP Phase 11 to earn $84b

EghtesadOnline: Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says phase 11 of South Pars is expected to earn the country $84 billion.
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Publish Date:05/July/2017 | 24:16

VLCC Discharges Off Singapore

EghtesadOnline: An Iranian very large crude carrier (VLCC) has finally discharged its cargo almost six months after loading.
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Publish Date:30/June/2017 | 13:13

Iran triples loading capacity at key oil terminal

EghtesadOnline: Iran says it has increased the capacity of its largest oil terminal to as high as eight million barrels per day (bpd) – another indication that the country is preparing for bigger exports to global markets.
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Publish Date:28/June/2017 | 15:15

South Pars Crude Output at 1.6m Barrels

EghtesadOnline: Over 1.6 million barrels of crude oil has been extracted from the South Pars Gas Field’s oil layer in the Persian Gulf in the past three months, managing director of Petroiran Development Company said.
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Publish Date:24/June/2017 | 09:02

Total investment in Iran having message to US Congress: Expert

EghtesadOnline: An expert on international affairs and a member of the Graduate Institute of International Studies, Geneva, Reza Nasri said Total investment in Iran in spite of US Senate new sanctions on Iran shows that Iranian market is still worthy of investment.
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Publish Date:21/June/2017 | 24:17

Iran exporting half of its oil to Europe

EghtesadOnline: Iran produces about 4 million barrels oil per day, half of which is exported to European countries, an official said.
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Publish Date:21/June/2017 | 24:13

MPs Warn Oil-Based Economy Not Sustainable

EghtesadOnline: An economy held captive to the price of oil and largely dependent on crude export revenues is apparently not a functioning economy, two members of the Majlis Energy Commission said on Sunday.
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Publish Date:19/June/2017 | 05:01

Iran oil output rises in May: OPEC

EghtesadOnline: Iran produced 3.795 million barrels per day of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report released on Tuesday.
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Publish Date:17/June/2017 | 09:24

Iran Oil Export to Turkey Doubles

EghtesadOnline: Iranian oil export to Turkey increased more than two times to 211,101 barrels per day during the first quarter of 2017 from the same period last year. According to the statistics released by Turkey’s Energy Market Regulatory Authority, Iran exported more than 2.62 million tons of oil to the country in January-March, Zawya reported.
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Publish Date:07/June/2017 | 10:50

Iran to boost oil output to 4.7m bpd: Minister

EghtesadOnline: Minister of Petroleum Bijan Zangeneh said that Iran is planning to increase the capacity of oil production to 4.7 million bpd in the long-term.
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Publish Date:03/June/2017 | 24:24

Asian Imports of Iranian Crude Rise

EghtesadOnline: The four biggest buyers of Iranian crude oil in Asia increased their imports in April by nearly 23% from a year earlier as Tehran's exemption from a global production cuts favors the country's oil export drive.
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Publish Date:03/June/2017 | 08:54

Zangeneh: Iran remains committed to its pledges to OPEC

EghtesadOnline: Minister of Petroleum Bijan Zangeneh said on Wednesday that the Islamic Republic of Iran will remain committed to its pledges with regards to the Organization of the Petroleum Exporting Countries (OPEC).
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Publish Date:31/May/2017 | 13:30

Iran Receives $4B Oil Dues From UAE Co.

EghtesadOnline: Iran has received more than $4 billion from the Emirates National Oil Company (ENOC) as part of the country’s retailer’s settlement of its debts owed to Iran for pre-sanction oil and gas purchases, the Iranian news website Al Alam reported.
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Publish Date:31/May/2017 | 06:35

Jask Oil Terminal Development on Agenda

EghtesadOnline: Plans call for laying 1,000 kilometers of oil pipeline from the city of Genaveh in the southern Bushehr Province to the port of Jask in Hormozgan Province to transform Jask into a major oil terminal, deputy director of the project said.
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Publish Date:29/May/2017 | 07:50