Saudi floats idea to lift oil prices but Iran, Russia reject cuts
Saudi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the…
Saudi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the…
TEHRAN Nov. 11 (Shana) – Operator of South Yaran Oilfield said Iran will raise crude oil recovery from the field by 50,000…
Egypt looks to Iran’s ramp-up of oil production which could boost the Arab nation’s proceeds from transit of crude through the SUMED…
Oil futures improved from their overnight lows on Tuesday, as traders moved past lackluster economic data from China to focus on supply.…
Natural gas production also part of government plans $30 billion of investment seen by Goldman needed for growth Iran plans to increase…
TEHRAN (ISNA)- Iran plans to increase crude production and supply after removal of sanctions imposed against the country, said Oil Minister Bijan…
TEHRAN (Tasnim) – Iran’s oil production has risen to its highest level since sanctions were imposed against the Islamic Republic in 2012,…
Iran’s biggest oil producer says the country is able to ramp up crude production by 1 million barrels per day within three…
Iran will likely produce hundreds of thousands of barrels of oil daily by the end of next year. WASHINGTON (Sputnik) — Iran…
OPEC pumped the most crude last month in more than three years as Iran restored output to the highest level since international…
Daily look at Iran’s late-breaking news and upcoming events: Iran vows 500k bpd rise in oil output by January Oil Minister…
Minister of Petroleum Bijan Zangeneh says Iran will raise its oil recovery to 4.7 million barrels per day “in the near future”…
IFP has taken a look at the front pages of newspapers on Tuesday and picked headlines from 14 of them. IFP has…
Many may have already started to speculate when economic sanctions against Iran will be lifted in case the country manages to seal…
TEHRAN May 07(Shana)–Iran would raise its oil production by 700,000 b/d by March 2018 by investing $20 billion in its oil sector,…
Tehran, May 5, IRNA – National Iranian Oil Company (NIOC) is the third largest oil and gas company in the world, reports…
As Iran faces a lifting of sanctions, it will likely compete with Persian Gulf countries for the large yet competitive Chinese market.…
Only two days after Iran and the P5+1 group of countries announced in the Swiss city of Lausanne that they had found…
Some of Asia’s biggest refiners are betting on a positive outcome to negotiations. Once international sanctions are lifted, Tehran could boost crude…
TEHRAN March 14(Shana)–Iran’s Central Oil Fields Company (ICOFC) has decided to raise its oil and gas production in the next Iranian calendar…
TEHRAN March 03(Shana)–The Managing-director of the National Iranian Oil Company (NIOC) said Iran’s crude oil production capacity stands at 4 million barrels…
Yasuj, Kohgiluyeh-Boyerahmad Prov., Feb 12, IRNA – Gachsaran Oil and Gas Exploitation Company ran with maximum production capacity of 940,000 barrels of…
TEHRAN Feb 09(Shana)–The volume of fuel oil and gasoil delivery to vessels navigating in the Persian Gulf waters exceeded 3 million tons…
TEHRAN Jan 03 (Shana)–In an exclusive interview with Shana, the chairman of energy committee of Expediency Council Mohammad Chegini suggested that Petroleum…
TEHRAN, Nov. 24 (MNA) – Khazar Oil and Gas Company head has announced new plans for producing oil in Caspian Sea. Ali…
TEHRAN (FNA)- Chairman of Iran’s Expediency Council Akbar Hashemi Rafsanjani called on the OPEC member-states to stop the falling crude prices in…
Tehran, Dec 26, IRNA — Iran is expected to see its revenues from downstream oil sector increase by $200 billion in four…
TEHRAN Dec 24 (Shana)–More than 25 million liters of various smuggled oil products were discovered over the first six months of current…
IFP has taken a look at the front pages of newspapers on Wednesday and picked headlines from 17 of them. IFP has…
Daily look at Iran’s late-breaking news and upcoming events: Brent crude oil price rises above $62 Oil prices have rallied again…
BEIJING, Dec 22 (Reuters) – China’s crude oil imports from Iran fell 2.6 percent in November from a year ago but were…
Iran is said to be offering its main crude grade to customers in Asia at the deepest discount in 14 years, taking a…
Daily look at Iran’s late-breaking news and upcoming events: Iran’s missile capability not negotiable: Velayati Iran’s missile capability is not for bargain,…
SEOUL, Dec 15 (Reuters) – South Korea’s imports of Iranian crude oil rose 6.5 percent in November from a year earlier, but…
Tehran, Dec 14, IRNA – An Oil Ministry deputy said simultaneously with the conclusion of the work of technical and commercial committees…
TEHRAN Dec 10 (Shana)–Early production from South Azadegan oil field is expected to reach 80,000 b/d, managing-director of Petroleum Engineering and Development…
Brent resumed its decline as an Iranian official predicted a further slump in prices if solidarity among OPEC members falters. West Texas Intermediate in New…
Hamadan, Dec 9, IRNA – First Vice-President Es-haq Jahangiri said fall in oil price is a serious political plot, which is not…
AHVAZ, Dec. 08 (MNA) – A Khouzestan oil industry specialist exhibition has unveiled a multi-purpose timer and power supply unit. The unit…
Iranian officials have said that Royal Dutch Shell, British Petroleum, France’s Total and Russia’s Lukoil had expressed interest in investing in Iran…