Iran gets back $20 bln from past oil sales
TEHRAN (Tasnim) – An Iranian legislator said the country has recovered $20 billion of its oil income from previous sales, as banking…
Tag Archives: Iran oil production
Oil minister stresses use of Iranian commodities
TEHRAN (FNA)- Iranian Oil Minister Bijan Namdar Zanganeh underscored the necessity of using domestically manufactured equipment in the oil industry. Addressing the…
Oil show named ‘ energy diplomacy and domestic capabilities’
TEHRAN (FNA)- The 19th international oil show which is going to be held in Tehran in May was titled “Energy Diplomacy and…
Arvandan co. raising oil output to 1 mb/d
TEHRAN (FNA)- Arvandan Oil and Gas Company will become the second largest oil production company in the country, Head of the National…
Official: Iran’s oil exports to hit 1.3 mbpd next year
TEHRAN (FNA)- Iran is planning to considerably increase its crude exports in the next Iranian year (starts March 21, 2014), an Iranian…
World powers concede failure to curb Iran’s N. capabilities: Rouhani
Daily look at Iran’s late-breaking news and upcoming events: President Rouhani: World powers admit failure in stopping Iran’s N. progress Iranian…
President’s Advisor: Iran set to make strong return to oil markets
TEHRAN (FNA)- Iranian Presidential Advisor Akbar Torkan said Tehran will do its best to have a strong return to the oil markets. “Iran…
NIOC getting 14.5 percent of total oil revenue
TEHRAN Dec 09 (Shana): The next year’s budget bill submitted to parliament for approval has allocated 14.5 percent of crude oil and…
Gov’t eyes 9b Euro bonds for oil projects
TEHRAN Dec 09 (Shana): The government plans to print nine billion euros of bonds to finance oil industry projects next calendar year…
Iran today: Tehran optimism after talks with western oil companies
Seeking a recovery from a halving of its oil exports and a sharp drop in investment in its oil and gas fields,…
Rouhani: Iran will never stop enriching
Daily look at Iran’s late-breaking news and upcoming events: Rouhani reaffirms Iran’s enrichment right Iranian President Hassan Rouhani has reaffirmed the…
Load-out starts in Khorramshahr Yard
TEHRAN Dec 07 (Shana): In order to accelerate operations in South Pars gas field top priority projects, load-out operations in the platform…
Zanganeh meets European oil companies managers
TEHRAN Dec 06 (Shana): On the sidelines of OPEC ministerial meeting in Vienna, Iranian minister of petroleum Bijan Zanganeh met some European…
Eni’s CEO first to meet with Iran oil minister
(Reuters) – Paolo Scaroni of Italy’s Eni (ENI.MI) met with Iranian Oil Minister Bijan Zanganeh on Thursday, the first western oil CEO…
Russian Rosneft willing to join Iranian oil ventures
TEHRAN (ISNA)- Russian Rosneft expressed its willingness to take part in Iranian and Iraqi oil projects. “Rosneft is interested in taking part in…
Saudi Arabia responds to Iran’s plans to boost oil output
Iran’s plans to increase its oil output as it rejoins the global economy were the focus for discussions as oil ministers from…
EU denies entry to Iranian tankers
TEHRAN, Dec. 3 (MNA) – Mehr News reported that after Genève nuclear deal, the export of Iranian oil to the EU countries…
Yadavaran output to hit 50,000 b/d
TEHRAN Dec 01 (Shana): Oil production from Yadavaran oil field will increase by 50,000 b/d in February next year, earning the country…
U.S. extends Iran oil sanctions waivers to China, India, South Korea
(Reuters) – The U.S. State Department extended six-month Iran sanctions waivers on Friday to China, India, South Korea and other countries in exchange…
Iran forecast: Relief from sanctions under nuclear deal? not so fast
Proclamations of imminent economic success for Iran after last weekend’s interim nuclear deal were replaced on Friday by a more cautious message…
Oil Minister stresses transparency in crescent case
TEHRAN (FNA)- Iranian Oil Minister Bijan Namdar Zanganeh said he was pursuing Crescent case and will send the necessary documents to the…
Iran in talks with western energy firms: Zanganeh
Iranian Oil Minister Bijan Namdar Zanganeh says the Islamic Republic has begun talks with leading Western energy companies to attract them back…
Iran’s oil exports to rise to 285,000 bpd as tankers sanctions lifted
TEHRAN (ISNA)- The easing of a ban on European insurance for shipments of Iranian oil may lift Iran’s crude exports to big…
PEDEC chief outlines latest developments in shared oil fields
TEHRAN (FNA)- Managing director of the Petroleum Engineering and Development Company (PEDEC) Abdolreza Hosainnejad said Yadavaran and Northern Azadegan oil fields will…
Power plants fuel storage up
TEHRAN (FNA)- Managing-Director of the National Iranian Oil Products Distribution Company (NIOPDC) Mostafa Kashkouli said the country’s power plants have stored more…
Iran to introduce new oil contracts in London
TEHRAN (FNA)- The Iranian Oil Ministry plans to hold a conference in London in March 2014 in order to introduce the revised…
PEDEC chief criticize performance of chinese oil firms
TEHRAN (FNA)- Managing director of the Petroleum Engineering and Development Company (PEDEC) Abdolreza Hosseinnejad criticized Chinese companies’ performance in developing Iran’s shared…
More rigs to be deployed in Azar oil field
TEHRAN (FNA)- Four drilling rigs are now used in the drilling operations in Azar oil field, west of the country, but the…
NIOC world’s third biggest oil company: Report
A recent report states that the National Iranian Oil Company (NIOC) is the world’s third largest oil company despite US-engineered sanctions against…
Official: Iran’s oil production capacity rising
TEHRAN (FNA)- Iran’s capacity for the production of crude oil and oil products is on the rise, and this will pave the…
Oil lingers near $94 as Iran nuclear talks stall
The price of oil lingered above $94 a barrel Monday after negotiations in Geneva to curb Iran’s nuclear program were stalled and…
Iran to recover oil, gas from joint fields with full capacity
TEHRAN (FNA)- Iranian Oil Minister Bijan Namdar Zanganeh said that Iran is resolved to utilize its full capacity for recovery of oil…
Asia’s Iran oil imports to fall ahead of waiver review
TOKYO, Oct 31 (Reuters) – Asia’s top buyers of Iranian crude have reduced purchases by 11.5 percent so far this year, and…
South Pars 2nd Refinery ready to use at maximum production level
Bushehr, Oct 30, IRNA – Overhaul process of the 2nd Refinery of South Pars gas field , inclusive of over 2,000 basic…
U.S. senators seek to cut Iran’s oil sales in half – again
(Reuters) – Fresh U.S. sanctions over Iran’s disputed nuclear program being debated behind closed doors in the Senate aim to slash the…