Oil Minister laments low level of daily crude exports
Iran’s Minister of Oil has announced that oil exports now stand at one million barrels a day, which is having a dire effect…
Tag Archives: Iran oil production
Japan makes $450 mln oil payment to Iran-diplomatic sources
(Reuters) – Japan made a second payment to Iran for crude imports under an interim nuclear deal on Wednesday, diplomatic sources told Reuters, as the West…
Why is Turkey buying more gas than it needs from Iran?
On Jan. 29, Turkish Prime Minister Recep Tayyip Erdogan visited Tehran to bolster trade and energy ties, hoping to reach $30 billion in trade volume…
Asia’s Iran oil buys start to rise after nuclear deal
TOKYO, Feb 28 (Reuters) – Asian buyers increased purchases of Iranian crude by 22 percent in January from a year ago as…
Foreign investors will be awarded contracts to refurbish oil and gas fields
Tehran, Feb 27, IRNA – Member of Majlis Commission on National Security and Foreign Policy Ahmad Shohani said on Thursday that foreign…
Iran eyes US$100 billion in oil investments
TEHRAN, Feb 27 (Bernama) — Iran plans to attract US$100 billion foreign investments in the crude oil sector over the next four…
India ready to pay $1.5b to Iran: official
NEW DELHI, Feb 25 (Reuters) – India is ready to pay $1.5 billion to Iran to clear part of a backlog of payments for…
Essar’s oil imports from Iran jump sharply
REUTERS – Essar Oil (ESRO.NS), a key buyer of Iranian oil, in January sharply raised imports from the Islamic state and also…
Iran plans higher fees for riskier oil fields in new accords
Iran will offer foreign partners incentives to find and pump more crude and natural gas and will pay some fees in barrels as…
Iran plans higher pay for riskier oil fields with new contracts
Iran will offer foreign partners incentives to find and pump more crude and natural gas and will pay some fees in barrels as…
Iran set to raise oil/gas output
TEHRAN (SHANA)–Iran’s Petroleum Minister Bijan Namdar Zanganeh said on Saturday that the country has to raise its oil and gas production. “Iran,…
Iran news round up – February 21, 2014
A selection of the latest news stories and editorials published in Iranian news outlets, compiled by the AEI Critical Threats Project’s Iran…
Asian clients boost Iran oil sale
BEIJING: Iran’s top two oil customers China and India have boosted imports in January, taking in close to the total volume it…
Iranian nuclear deal boosts its economy; political infighting risks long-term growth
A new report by a strategic advisory firm in Washington, D.C., reveals that since the United States and its allies signed an…
Iran’s rising oil sales won’t affect nuclear talks, U.S. says
ABU DHABI, United Arab Emirates — As they prepared to resume nuclear negotiations with Iran, U.S. officials insisted that a surge in Iranian oil…
S Korea’s Iran oil imports fall 51pc
Monday, February 17, 2014 – Seoul—South Korea’s crude imports from Iran fell 51 percent in January from a month earlier, and shipments are…
Russian Lukoil considers re-entry into Iranian oil
Russian Lukoil has announced its preparedness to return to Iran’s Anaran oil project once the US-led sanctions against the Islamic Republic’s energy sector are…
Iran to get ‘more than $20B’ in sanctions relief; accuracy of Obama promise questioned
Iranian oil exports soared in January, hitting new highs just months after the United States consented to billions of dollars in economic…
Iran, Indonesia oil firms plan to build refinery
TEHRAN (ISNA)- An Iranian oil firm and an Indonesian company are looking to build a refinery in the southeast Asian nation worth…
Iran monthly oil exports rise as demand spurs output, IEA says
Imports of Iranian crude rose by 100,000 barrels a day last month, with China, Japan and India taking more oil as a deal easing sanctions over Iran’s…
Will Iran oil end Saudi Arabia’s energy reign?
The Iranian nuclear deal has struck an optimistic tone in the Middle East, Ayyub writes, and officials in the United Arab Emirates…
Drilling work ends in phase 18 of South Pars
Well-boring operations in phase 18 of the South Pars project have come to an end as work continues to further develop the…
Iran to spend oil money on medications
TEHRAN (FNA)- Revenues from Iran’s crude oil sales are spent on medication and basic commodities, an Iranian deputy oil minister said. Ali…
Petroleum Ministry allowed investing as much as $100b
TEHRAN Feb 09 (Shana): Members of parliament tasked Petroleum Ministry with investing as much as 100 billion dollars, or its equivalent in…
Iran may halve fuel oil exports in March on Abadan maintenance
Iran may reduce fuel oil exports by 50 percent next month as maintenance work at the Persian Gulf state’s Abadan refinery cuts…
Total’s Iran visit signals continued progress
The prospect of Iran’s oil sanctions being lifted appears increasingly possible, which would see Iran’s oil industry opened up to foreign investors…
Nasser Hadian: Revolution at 35
On the 35th anniversary of its revolution, Iran has found often novel compromises in blending Islam and modernity—politically, economically and socially. The government…
Iran and Asia 1: China is the quiet giant
China allegedly is the quiet giant in the latest diplomatic campaign to prevent Iran from getting a bomb. As Tehran’s largest trading…
Iran bids farewell to Chinese oil contractors
TEHRAN, Feb. 3 (MNA) – With Chinese banks delaying the provision of Iran’s petrochemical projects, National Development Fund and domestic banks have…
Iran’s central bank to allocate $10b to oil projects
TEHRAN – The Iranian parliament (Majlis) has allowed the country’s central bank to allocate $10 billion of its assets overseas to fund domestic…
Asia’s Iran oil buys to only creep up after deal with West
TOKYO, Jan 31 (Reuters) – Asian buyers cut their purchases of Iranian crude by 15 percent in 2013 and shipments to Tehran’s…
US, Iran and China: An emerging strategic triangle
What factors are helping to create a new strategic dynamic between China, Iran and the United States? According to Samir Tata, they’re…
India takes nearly 40 pct less Iranian oil in 2013 -trade
(Reuters) – India imported nearly 40 percent less Iranian crude last year, with no sign in the last month of 2013 that…
Reshadat oil field output hits 15,000 b/d
TEHRAN Jan 27 (Shana): Production from Reshadat oil field has increased to 15,000 b/d as its early production plan comes on-stream, the…
Sri Lanka to continue oil cooperation with Iran
Sri Lankan Minister of Industry and Commerce Rishad Bathiyutheen says his country will proceed with oil cooperation with Iran. Speaking to IRNA…
OPEC says can handle extra oil from Iran, Libya, Iraq
LONDON, Jan 27 (Reuters) – OPEC will be able to handle the extra oil expected to come from Iran, Iraq and Libya, OPEC’s secretary general said…
What we learned at (and about) Davos this year
DAVOS, Switzerland – Iran’s charm offensive is working, China and Japan really are not getting on very well and bankers still have…
Iran oil exports exaggerated, U.S. officials say
Iran is exaggerating its crude oil export figures and won’t be allowed to sell more than 1 million barrels a day over the…