Germans interested in Iran’s oil exploration, drilling projects
Tehran, Dec 8, IRNA – German companies have conducted negotiations with the officials of the National Iranian Oil Company and announced they…
Tag Archives: Iran oil production
Zanganeh says OPEC at risk of becoming ‘trivial’ in oil market
Tehran, Dec 5, IRNA — OPEC’s recent decision to maintain its output level, led to a dramatic fall in oil prices. The…
Another reason Iran doesn’t need low oil prices
Falling oil prices don’t endanger Iran’s budget for now, but crude’s plunge could weaken the country’s position in ongoing nuclear talks. Iran…
MP: US, Saudis willing to press Iran by lowering oil price
Tehran, Dec 2, IRNA – Rapporteur of Majlis Energy Commission Hossein Aimir Khamkani said the US and Saudi Arabia are willing to…
Iran to hold oil conference in London
TEHRAN, Dec. 02 (MNA) – Iran’s oil minister has said foreign oil companies welcome return to Iran despite the fact that sanctions…
OPEC inaction spurs survival of fittest as oil Below $65
West Texas Intermediate tumbled below $65 a barrel to the lowest level since July 2009 amid speculation prices have further to drop before OPEC’s…
Iran’s coverage: President Rouhani invites Turkish counterpart to visit Iran
Daily look at Iran’s late-breaking news and upcoming events: Rouhani invites Turkish counterpart to visit Iran Iranian President Hassan Rouhani in…
MP: Poor management in past destroyed Iran’s good oil revenues
Gachsaran, Kohkiluyeh-Boyer Ahmad Prov., Nov 29, IRNA – Chairman of the Majlis Plan and Budget Commission Gholamreza Tajgardoun said in the years…
Asian imports of Iran crude fall below 1 million bpd to one-year low
(Reuters) – Asian imports of Iranian crude fell below 1 million barrels per day (bpd) for a second time this year to…
Indian Essar’s planned oil-for-steel deal tests Iran sanctions
(Reuters) – Essar Group, a $39 billion Indian conglomerate, is looking to tap frozen Iranian oil revenues to pay for its steelexports to…
Iran’s oil exports to Japan up 28% in October
New figures show Iran’s oil exports to Japan increased by more than 28 percent in October compared with the same period last…
Zanganeh says Iran’s oil market position close to S. Arabia
Tehran, Nov 27, IRNA — Iran’s Oil Minister Bijan Namdar Zanganeh met with his Saudi counterpart Ali Al-Naimi in Vienna on Wednesday…
Oil market oversupply to increase next year: Iran
A global glut of oil will rise further next year, Iran’s oil minister said here Wednesday on the eve of OPEC’s meeting…
Iran oil min says some OPEC members want to battle for market share
Minister Bijan Zangeneh said on Wednesday some OPEC members, but not Iran itself, believed it was time to defend market share in the face…
‘Economy must be people-oriented’
Qazvin, Nov 25, IRNA – Advisor to the First Vice-President Rostam Qassemi said the economy should be people-oriented as people have the…
Iran’s coverage: Iran nuclear talks likely to be extended to July 1, 2015
Daily look at Iran’s late-breaking news and upcoming events: Iran talks deadline extended until July 1, 2015: Agency citing source The…
Iran parliament suggests $75-80/barrel oil price for budget
DUBAI: Iran’s parliament recommends basing next year’s budget on an oil price of $75-80 a barrel, a senior lawmaker was reported as…
Construction of 3 oil platform starts in Bandar Abbas
Bandar Abbas, Hurmozgan province, Nov 24, IRNA – Operations to build 3 oil platforms in Hengum Oil Field started in Iran Shipbuilding…
Brent climbs third day as Iran seeks OPEC output cut; WTI rises
Brent crude rose for a third day amid signs that Iran will seek an output cut at OPEC’s meeting this week and…
Iran’s coverage: UNSC Resolution needed to make P5+1 agreement legally binding: Ryabkov
Daily look at Iran’s late-breaking news and upcoming events: UNSC Resolution needed to make P5+1 agreement legally binding: Moscow Russian Deputy…
Indian refiners pay $400m to Iran
Tehran, Nov 22, IRNA – Indian refiners paid $400m to Iran ahead of a Nov. 24 deadline of the interim deal with…
The US and Saudi Arabia want to crush Russia and Iran
Listening to the opinions of experts regarding the continuing sharp decline in oil prices, one is involuntarily surprised at the naive estimates,…
India’s Oct Iran oil imports rise 60 pct y/y -trade
NEW DELHI Nov 17 (Reuters) – India bought 60 percent more Iranian oil in October than a year ago as refiners held to…
Iran takes steps to reduce economic risk of falling oil prices
The decline of international crude oil prices has led to speculation about the financial position of the Iranian government. However, a closer look at government finances…
Iran’s coverage: Europe diplomats urge Iran-P5+1 deal
Daily look at Iran’s late-breaking news and upcoming events: European diplomats urge Iran-P5+1 deal by deadline A group of former and…
Iran ranks OPEC’s third-largest oil producer
TEHRAN (ISNA)- Iran’s crude oil production increased in 2014, increasing its rank to the third-largest crude oil producer in the Organization of…
Iran’s oil exports turn higher in May -sources
LONDON, May 29 (Reuters) – Iran’s crude oil exports increased in May after a decline in April, according to sources who track tanker movements,…
Iran would receive € 4bn in oil finance
TEHRAN, May 28 (MNA) – The NIOC deputy-head has said € 4bn ($ 5.4bn) in Chinese oil finance would help establish seven…
Iran increases oil exports to Turkey
Ankara, May 22, IRNA – Iran has increased its oil exports to Turkey in the first three months of 2014 as compared…
Iran ready to boost crude oil exports: Official
Iran is ready to increase its crude oil exports from nearly one million barrels per day (bpd) should the European countries want…
IOEC ready to develop Forouzan oil field
TEHRAN May 18 (Shana)–The managing director of the Iranian Offshore Engineering and Construction Company (IOEC) said the company is prepared to breathe…
US government contractors attend Iran oil show
TEHRAN (FNA)- At least five companies with US government contracts were in Tehran last week to attend the Iran Oil Show, a…
Iran is exporting 1.5 million barrels of oil a day, Says minister
MOSCOW—Iran is exporting 1.5 million barrels of oil a day, well above an export cap agreed with the international community last November,…
Hagel promises: Iran deal won’t weaken gulf security
Daily look at Iran’s late-breaking news and upcoming events: Hagel, in Saudi Arabia, tells Arab states not to fear nuclear talks…
India’s April Iran oil imports drop as buying spree cools
NEW DELHI, May 14 (Reuters) – India cut its monthly Iranian crude imports by 42 percent in April from March, in a…
Iranˈs leadership over Conference to help set up gas OPEC
Tehran, May 14, IRNA – Iranˈs leadership over the Gas Exporting Countries Forum (GECF) can accelerate setting up an OPEC-like entity, despite…
Iran planning to build new oil refinery
TEHRAN (FNA)- An Iranian oil official underlined Tehran’s plan for replacement of old refineries with the new and modern ones, and informed…
Europeans in talks with Tehran over gas imports from Iran: Official
TEHRAN (Tasnim) – An Iranian energy official announced that four European states have held negotiations with Tehran on possible gas imports, but…
Official: Turkey most suitable route for transfer of Iran’s gas to Europe
Daily look at Iran’s late-breaking news and upcoming events: Iran ready to export gas or LNG to Europe: Official Iran is…
Iran tests foreign interest with oil fair
Tehran: Iran’s annual oil and gas fair opened in Tehran on Tuesday, with 600 foreign companies seeking to position themselves for a…