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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

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