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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

Iran Confident of Oil Price Rebound

EghtesadOnline: The unexpectedly negative reaction of global markets to OPEC's decision on extending crude supply cuts into next year is temporary and prices will gain ground, says Iran's Oil Minister Bijan Namdar Zanganeh.
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Publish Date:29/May/2017 | 07:45

Iran signs first major post-election oil deal

EghtesadOnline: The National Iranian Oil Company (NIOC) has signed an agreement with a Spanish-Iranian consortium over the production of corrosion resistant pipes used in the oil industry.
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Publish Date:27/May/2017 | 24:31

Iran says position in oil market ‘stronger’

EghtesadOnline: Iran’s Oil Minister Bijan Zanganeh says the country is in a stronger position to continue its oil policies after the re-election of President Hassan Rouhani this past Saturday.
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Publish Date:27/May/2017 | 24:30

Ivory Coast Interested in Buying Oil

EghtesadOnline: Ivorian Oil Minister Thierry Tanoh communicated his country's interest in purchasing Iranian crude oil and expanding bilateral energy ties in a meeting with Iran's ambassador to Ivory Coast, Mansour Shakibmehr.
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Publish Date:27/May/2017 | 09:10

NIDC Expands Khuzestan Operations

EghtesadOnline: By employing 74 offshore and onshore rigs, the National Iranian Drilling Company has drilled over 53,400 meters of oil and gas wells nationwide, Hamidreza Khoshayand, the NIDC managing director said.
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Publish Date:27/May/2017 | 06:47

14 Oil, Gas Fields Discovered in Iran in 4 Years

EghtesadOnline: A total of 14 oil and gas fields were discovered over the past four years, said the head of exploration department at the National Iranian Oil Company.
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Publish Date:27/May/2017 | 06:46

Iran exports 64m liters/d gasoil, crude residue last year

EghtesadOnline: Managing Director of National Iranian Oil Product Distribution Company (NIOPDC) Mansoor Riyahi said 64 million liters of gas and crude residue were exported a day in 1395 (2016-17).
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Publish Date:24/May/2017 | 11:20

Iran Crude Oil Prices Slide

EghtesadOnline: Iran's crude prices extended their recent losses into the week to May 12, mirroring the withering effect of a global initiative to cut down supplies and lift stubbornly low prices.
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Publish Date:24/May/2017 | 08:54

Iran Oil Co. Committed to Higher Output With Help From Oil Majors

EghtesadOnline: The National Iranian Oil Company has received oilfield development proposals from international companies that together target a 3-million-barrel increase in daily crude oil production capacity, NIOC’s deputy for development and engineering affairs said.
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Publish Date:23/May/2017 | 09:29

Iran Oil Co. Preparing Yadavaran Oilfield Tender

EghtesadOnline: The National Iranian Oil Company is taking steps to tender the second development phase of Yadavaran Oilfield in an oil block known as the West Karoun in Khuzestan Province, according to the chief executive officer of the Petroleum Engineering and Development Company (PEDEC).
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Publish Date:21/May/2017 | 09:16

South Africa Open to Iran Coop. in Refinery Project

EghtesadOnline: South Africa, a net importer of refined oil products, is looking to West Africa and the Middle East, including Iran, for potential partners in a new refinery project, energy ministry officials said on Friday.
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Publish Date:21/May/2017 | 06:15

Petroleum Products Exports to Reach 600,000 bpd

EghtesadOnline: Annual export of crude oil byproducts is expected to rise by 200,000 barrels a day to 600,000 barrels daily in the present Iranian fiscal year that ends in March 2018, says Mansour Riahi, chief executive officer of the National Iranian Oil Products Distribution Company.
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Publish Date:20/May/2017 | 08:31

IOPTC Expanding Oil Supply Infrastructure

EghtesadOnline: The Iranian Oil Pipeline and Telecommunications Company (IOPTC) is ready to transfer oil derivatives from the newly-launched Persian Gulf Star Refinery in Bandar Abbas in southern Hormozgan Province to the central and northern regions, the company managing director said.
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Publish Date:17/May/2017 | 09:47

South Yaran Production in July

EghtesadOnline: Production from the South Yaran Oilfield in the southern Khuzestan Province is expected to start in July, according to the chief executive officer of the Petroleum Engineering and Development Company (PEDEC).
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Publish Date:16/May/2017 | 09:40