Iran oil
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Iran’s oil sales to Asia highest in six months
EghtesadOnline: The latest market figures show that Asian buyers increased their purchases of crude oil from Iran in September for a third straight month with imports from the Islamic Republic…
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Iran’s oil exports to China up 59%
EghtesadOnline: The latest market figures show that Iran’s exports of crude oil to China in September saw a whopping increase of 59 percent compared to the same period last year.
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Iran's oil exports to Russia to begin soon: Minister
EghtesadOnline: Iran’s crude oil exports to Russia under an oil-for-goods barter scheme will begin “in the near future,” Deputy Minister of Petroleum Ali Kardor said on Saturday.
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Kish Field Talks Underway
EghtesadOnline: Domestic and foreign companies are in talks with the state-owned National Iranian Oil Company on the development rights of Kish Gas Field, the Persian Gulf’s second largest gas…
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Essar Cuts Iran Oil Imports
EghtesadOnline: Indian private refiner Essar Oil's imports from Iran fell by about 26.4% in September from a year ago, as it boosted purchases from Iraq, according to tanker arrival data obtained…
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Home Truth: Oil Bonanza Unsustainable, Pay Taxes
EghtesadOnline: A prominent Iranian economist said tax revenues would become a dependable source of income for the country, if they increase to 12% of the gross domestic product in three to four…
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Seoul supports investment in Iran's oil industry: Minister
EghtesadOnline: South Korean Minister of Land, Infrastructure and Transport Kim Hyun-mee said on Tuesday that her government will support Korean firms for investing in Iran.
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Iran may have to reduce oil export to S. Korea: Petroleum minister
EghtesadOnline: If the money transfer problem doesn't get solved, Iran will probably have to reduce oil export to South Korea, said Iran's Minister of Petroleum Bijan Zangeneh.
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Iran sees rise of oil output to 6 million bpd by 2022
EghtesadOnline: Iran’s oil output is scheduled to rise to around 6 million barrels per day by 2022, Iranian oil official said on Tuesday.
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Iran Making Decision on Changuleh Joint Oilfield
EghtesadOnline: The National Iranian Oil Company is weighing up whether to hand over the development rights of a joint oilfield in western Iran to European firms or Thailand's state oil company.
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Iran Condensate Exports to Rebound in November
EghtesadOnline: Iranian exports of ultra-light crude oil, known as condensate, are set to recover 1% in November from a five-month low in October, although maintenance at a key oilfield will…
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Iran Seeks More Euro for Crude Exports to S. Korea
EghtesadOnline: Unenthusiastic about trading oil in the US dollar and South Korea's won, Iran wants more euro payments for the crude oil it sells to South Korea, Oil Minister Bijan Namdar Zanganeh…
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Tashkent Eyes Iran Oil Import, Mulls Transport Options
EghtesadOnline: Uzbekistan is willing to join the list of Iran's crude oil customers and talks are underway to study the full details of selling oil to the Central Asian country in the near future.
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Iran oil exports register 8-month rise
EghtesadOnline: Market figures show Iran’s exports of crude oil have reached the highest level since February.
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Iran, Iraq Battle for Crude Market Share
EghtesadOnline: Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from the rival Saudi Arabia to win buyers in key markets like China and the US.
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Iran’s exports steady as US targets oil revenues
EghtesadOnline: Iran exported 2.25 million barrels per day (bpd) of crude oil to customers in Asia and Europe in September, data released by the Ministry of Petroleum showed on Saturday.
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Iran: Domestic Firms Finalize Kharg NGL Plant Deal
EghtesadOnline: The Iranian Offshore Oil Company and SAFF Offshore Industries Company signed an agreement in which the latter has been assigned to undertake the Kharg NGL Plant development project…
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$5.5b in New Oil, Gas Projects in Central Iran
EghtesadOnline: The Iranian Central Oil Fields Company is drafting an investment package for oil and gas projects estimated to value over $5 billion, deputy for planning at ICOFC said.
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Iran’s Oil Hits $57
EghtesadOnline: Iran's crude oil reached $57 a barrel in the week to Sept. 29, crossing a new price milestone in the year, as the export of crude and condensates surpassed 2.6 million barrels…
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US interior secretary hints at economic war on Iran
EghtesadOnline: US Interior Secretary Ryan Zinke says Washington is now better placed to use its “economic dominance” to cut Iran's oil revenues.
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US unable to stop Iran's oil exports: Platts
EghtesadOnline: If the US reimposes sanctions on Iran's oil sector without the support of Europe, China and Russia, it will see grudging and uneven compliance by international energy companies…
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Iran bans oil products shipment to Iraqi Kurdistan
EghtesadOnline: Iran’s Ministry of Roads and Urban Development has warned companies against shipment of oil products to and from the Iraqi Kurdistan “until further notice,” Iranian news agencies…
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Lukoil to Help Iran Tap Caspian Sea Fossil Fuels
EghtesadOnline: Lukoil signed two preliminary agreements with the National Iranian Oil Company on Tuesday to study the Caspian Sea's oil and gas potentials, paving the way for Russia's second-largest…
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Nematzadeh as Top Oil Adviser
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh has appointed Mohammad Reza Nematzadeh, a former minister, as his chief industrial adviser, the National Iranian Oil Company's news portal said…
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Maersk in Strong Position to Develop Iran's South Pars Oil Layer
EghtesadOnline: Denmark's major offshore explorer Maersk Oil is in a strong position to win a contract to produce ultra-light crude from Iran's South Pars gas field and its recent acquisition…
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Tehran, Manila Discuss Oil, Petrochemical Ties
EghtesadOnline: Iran and the Philippines explored ways to expand oil trade and embark on petrochemical joint ventures in a meeting between Oil Minister Bijan Namdar Zanganeh and Jose De Venecia,…
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Asia's Iran Oil Imports Reach Five-Month High
EghtesadOnline: Imports of Iranian crude by major buyers in Asia rose for a second month in a row in August to hit their highest level since March, helped by a spike in purchases by China and…
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Dana Energy Co. Signs Deal to Study Two Oilfields
EghtesadOnline: Tehran-based Dana Energy Company has signed a memorandum of understanding with the National Iranian Oil Company to study two joint oilfields in the southern Khuzestan Province.
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Iran's South Azadegan Output at 83,000 bpd
EghtesadOnline: Crude oil production from the giant South Azadegan field near the Iraqi border has increased by 22,000 barrels per day.
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Russia again leaves everyone guessing on Iran deal
EghtesadOnline: Russian Energy Minister Alexander Novak says deliveries of Iranian crude to his country under the "oil-for-goods" program can start shortly.