Iranian oil
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Khuzestan Producing Oil Despite Virus Resurgence
EghtesadOnline: A strong wave of coronavirus resurgence in the southern oil province of Khuzestan has not hampered crude production, the National Iranian Oil Company's deputy managing director…
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Hungary buys Iranian oil
EghtesadOnline: One more European country buys Iranian oil in post-sanctions era, Director of the International Affairs Department of National Iranian Oil Company (NIOC) Mohsen Qamsari said on…
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Iran official critical of plundering Iranian oil, gas in shared fields
EghtesadOnline: Member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Hamid Hosseini says neighbors are plundering billions of dollar Iranian oil wealth in the shared…
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Iranian oil industry items exported to C. Asia, Persian Gulf states
EghtesadOnline: Deputy Minister of Petroleum for Engineering, Research and Technology, Mohammad-Reza Moqaddam, says certain Iranian oil industry equipment are exported and the Central Asian and…
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Model contracts for foreign investment in oil to be available next week
EghtesadOnline: Model contracts for foreign investment in oil industry will be available next week, Deputy Minister of Petroleum and Managing Director of National Iranian Oil Company Ali Kardor…
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Canada, Norway cooperate to enhance Iran's recovery of oil reservoirs
EghtesadOnline: The Canadian and Norwegian companies are cooperating to enter new technologies and enhance recovery of oil reservoirs in the country, an official said in this northwestern province…
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India's Iran oil imports surge to highest in at least 15 yrs in Aug: source
EghtesadOnline: India's daily oil imports from Iran in August surged to their highest in at least 15 years as the OPEC producer boosted its shipments to recoup market share ceded to rivals Saudi…
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Iran's oil exports to Japan up in 3 consecutive months
EghtesadOnline: Iranian Oil Ministry announced that Iran's oil exports to Japan had been increasing in three consecutive months and reached 257,000 barrels per day (bpd) in July.
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Iran's Crude Oil, Condensates Recovery Factor at 28%
EghtesadOnline: An official at the National Iranian Oil Company said it can tap into 28% of its total in-place crude oil and gas condensates, stressing the need to implement advanced oil recovery…
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Iran’s August oil production up 10k bpd
EghtesadOnline: Iran told OPEC that its oil production in August stood at 3.63 million barrels per day (bpd) showing an increase of 10,000 bpd compared to July.
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Iran has right to raise oil output: Algeria
EghtesadOnline: Algerian energy minister lent weight to Iran’s bid to regain market share through stepped-up oil production despite objections from Saudi Arabia.
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Iran Says Too Early to Discuss Oil Output Freeze at Algiers
EghtesadOnline: It will be too early for Iran to discuss freezing crude output when the world’s biggest producers meet later this month in Algiers, according to an official from the Persian Gulf…
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New brand of Iranian oil will enter world markets
EghtesadOnline: New brand of Iranian oil will enter world markets by end of this year on March 20, Director of the International Affairs Department of National Iranian Oil Company Mohsen Ghamsari…
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Rouhani Says ‘Vital’ to Restore Pre-Sanctions Oil Output
EghtesadOnline: Iran’s President said he supports efforts by OPEC to stabilize oil prices, while reiterating that the country must restore production lost during years of sanctions.
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Iran plans to complete new oil export terminal by year-end
EghtesadOnline: Iran expects to complete a pipeline and a terminal to export a new grade of crude by year-end, boosting the country's drive to ramp up oil production to pre-sanctions levels.
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Iran’s current oil output levels isn’t fair: Putin
EghtesadOnline: Russian President Vladimir Putin said he thought it would be fair for Iran to pump as much oil as it was before international sanctions were imposed on it, but said he did not…
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Iran to raise crude output by 4 mln barrels in case of demands
EghtesadOnline: Director of National Iranian Oil Company (NIOC) for International Affairs Mohsen Qamsari said that the country would increase output production to 4 million barrels in case there…
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Iran’s Ready to Pump More as OPEC Faces ‘Prisoner’s Dilemma’
EghtesadOnline: As speculation swirls over whether oil producers will reach a deal to coordinate output and aid a recovery in prices, Iran says it’s ready to pump more.
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Iran restores pre-sanctions quota serving market stability
EghtesadOnline: Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia said on Saturday that Iran restores pre-sanctions quota serving stability of the oil…
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Tender soon to be held for drilling 20 more wells in South Azadegan field
EghtesadOnline: Operator of the project for development of South Azaegan oil field Mahmoud Marashi says National Iranian Drilling Company (NIDC) has won the tender for drilling 20 oil wells in…
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Iran to offer South Pars oil layer project to foreigners
EghtesadOnline: Iran plans to offer second phase of South Pars oil layer development project to foreigners, Ali Kardor, the Islamic Republic’s deputy oil minister said.
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Putin Pushes for Oil Freeze Deal With OPEC, Exemption for Iran
EghtesadOnline: Vladimir Putin said he’d like OPEC and Russia, producers of half of the world’s oil, to reach a deal to freeze supply and expects the dispute over Iran’s participation can be…
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Iran Expects Production Rise From Joint Fields With Iraq
EghtesadOnline: Iran is seeking to boost crude production from its joint fields with Iraq by 120,000 barrels under a short-term plan, the chief executive officer of Petroleum Engineering and…
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OPEC Secretary-General due in Iran to talk oil freeze
EghtesadOnline: The secretary-general of Organization of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo, will pay an official visit to Tehran next week to convince Iran to join the…
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India firm raises Iran oil imports, pays debt
EghtesadOnline: Iran’s crude sales to Indian Oil Corp. (IOC) has risen four folds, reflecting the country’s success in raising exports in order to claw back its market share after the lifting…
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3 Europeans countries offer Iran to work on Caspian hydrocarbon
EghtesadOnline: Companies from Norway, the Netherlands, and the United Kingdom have expressed willingness to work with Tehran on oil and gas projects in the Caspian Sea.
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Iran to hold first int’l oil tender based on new IPC
EghtesadOnline: Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said that the first international oil tender based on new Iran’s Petroleum Contract (IPC) would be held mid…
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Chinese private refiners buy 2mn barrels of Iranian oil
EghtesadOnline: Chinese private refiners have bought some two million barrels of Iranian oil, according to a senior official with the National Iranian Oil Company (NIOC).