Iran oil
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India Essar's July oil imports from Iran up 24% on month
EghtesadOnline: India increased imports of Iranian crude oil by 24 percent in July from the previous month.
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Iran oil output not matching up with reserves: Zangeneh
EghtesadOnline: Minister of Petroleum Bijan Zangeneh says Iran currently produces more than 3.8 million barrels per day (bpd) of crude oil, roughly the same production level before the 2012 sanctions.…
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Billions of Dollars in Oil Deals Shield Iran From Sanctions
EghtesadOnline: Since most western sanctions on Iran were lifted early last year, Tehran has endeavored to restore its oil exports to a pre-sanction level and attract foreign investments in its…
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Iran Elaborates on Russia Oil Export Deal
EghtesadOnline: The Iranian export of crude oil to Russia is to begin next month as per an agreement that will see Tehran paid half in goods and half in cash, the deputy oil minister for international…
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Iran's latest oil output, export volume
EghtesadOnline: The Iranian deputy minister of petroleum announced the latest statistics on the volume of output and export of Iran’s crude oil.
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Iranian Crude at $51
EghtesadOnline: Iran's crude oil traded above $51 a barrel in the week to August 20 in line with bullish sentiments that prices are firming at the $50 per barrel range.
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NIOC to Hold Briefing on Azadegan Oilfield Tender
EghtesadOnline: State oil company, NIOC, is set to hold a briefing this week on a long-anticipated tender for Azadegan Oilfield, the first major crude oil reservoir to be developed within the…
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Oil minister: Iran seeking foreign investment for joint oil fields
EghtesadOnline: Minister of Petroleum Bijan Zangeneh underlined that his ministry prioritizes attracting foreign investment to develop joint oilfields.
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Foreign Finance Crux of Oil Industry Development
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said attracting foreign investment will be the centerpiece of his ministry in the next four years, hoping to build up on a multibillion-dollar…
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NISOC Targeting 20% Rise in Recovery Rate
EghtesadOnline: National Iranian South Oil Company aims to increase the recovery rate of its oilfields by as much as 20%, the company's chief executive officer says.
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Iran Ready to Increase Oil Swap to 500,000 bpd
EghtesadOnline: Iran is ready to ramp up oil swap capacity after receiving the first batch of crude oil from the Caspian Sea in seven years for swapping through the Persian Gulf, the director…
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Iran exports 2 m/b of South Pars oil to East Asia
EghtesadOnline: Iran exported two million barrels of crude oil recovered from South Pars Oilfield to the East Asian countries via four shipments, Petroleum Ministry said on Saturday.
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OPEC Agreement increases Iran's petrochemical export value
EghtesadOnline: Value of Iran's petrochemical export in the first three months of the year in comparison with the same period of the preceding year has increased by more than 200 million dollars.
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Iran preparing to award $15bn in new oil deals
EghtesadOnline: Iran says it expects to attract as much as $15 billion in foreign investments into its oil and gas projects before next April.
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Ukraine joins Iran’s oil customers: Report
EghtesadOnline: Ukraine has joined Iran’s oil customers, making its first purchase in June, media reports cited the country’s State Fiscal Service as saying.
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Iran: Prospect of Attracting $15b in Energy Finance
EghtesadOnline: The $5 billion gas deal reached with Total S.A. last month set a new tone for Iran's energy industry and the country is now poised to seal new oil and gas agreements worth three…
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S. Korea's Iran Oil Imports Jump 27%
EghtesadOnline: South Korea's crude oil imports from Iran rose 26.5% in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks to boost…
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Iran Oil Ministry Priorities for 2017-21 Outlined
EghtesadOnline: E xpanding oil loading and export facilities along the Sea of Oman and developing oil and gas reservoirs shared with regional states are front and center on the Oil Ministry agenda…
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South Pars Oil Output Exceeds 2.5m Barrels
EghtesadOnline: Cumulative crude oil output from the South Pars Gas Field’s oil layer in the Persian Gulf has surpassed 2.5 million barrels over roughly five months, the operator of the oil layer…
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India's Iran Crude Imports Exceed 500,000 bpd
EghtesadOnline: India shipped in 502,000 barrels a day of crude oil from Iran last month, the Oil Ministry said in a report.
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OPEC Reports Uptick in Iran’s July Output
EghtesadOnline: Iran increased crude oil production last month along with most other OPEC producers as the 14-nation group continues efforts.
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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…
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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…
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Tech Upgrade to Raise Oil, Gas Extraction Rate
EghtesadOnline: Domestic experts have indigenized a cutting-edge pump that will help significantly increase extraction rate from oil and gas fields, managing director of state-owned West Oil…
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Iran's July oil exports up 45,000 bpd from June
EghtesadOnline: Iran's oil exports in July increased by 45,000 barrels per day (bpd) versus June, Reuters reported.
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Iran oil exports rise in July on shipments to Europe
EghtesadOnline: Iran's oil exports rose by 45,000 barrels per day in July compared to the previous month, data released by the Ministry of Petroleum showed on Tuesday.
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Asian Imports of Iranian Crude Hit 14-Month Low
EghtesadOnline: Imports of Iranian crude by major buyers in Asia fell for a second month in a row to a 14-month low in June, weighed down by sluggish purchases by China and Japan.
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New Oil Contract Model Requires Partnership of Domestic Firms in Oil Projects: Min.
EghtesadOnline: Iranian Minister of Petroleum Bijan Zangeneh says the newly-devised model of oil contracts requires presence and partnership of Iranian companies in oil and gas projects besides…
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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…
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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…