Iran ready to cover India’s oil needs, ambassador says
Iran says it is willing to meet the energy security needs of India, the world’s third biggest oil importer and consumer. “Rupee-rial trade…
Tag Archives: Iranian oil industry
US-China trade war and Iranian oil: Market disruptions ahead?
Geopolitical Monitor | Tanmay Kadam: The escalating trade war between U.S. and China has given rise to the prospect of two possible…
S. Korea to restart oil imports from Iran in Jan-Feb
IRNA – South Korean oil buyers are expected to restart oil imports from Iran in late January or early February, the head…
Zangeneh rules out barring foreign participation in Iran oil industry
TEHRAN, Feb. 9 (Shana) – Minister of Petroleum Bijan Zangeneh rejected as “illogical” calls for banning participation of foreign firms in Iran’s…
Iran tempting for big oil over ‘low costs’
As Iran is preparing to present its new oil and gas prospects to international majors, speculations are already rising that the companies…
President: Iranian nation to decide oil prices in post-sanction era
Tehran, Sept 12, IRNA – President Hassan Rouhani said on Saturday that the Iranian great nation will decide how much and what…
‘Iran backs any oil market recovery bids’
Iran’s Oil Minister Bijan Zangeneh says Tehran will support any step to help the recovery of the oil market. “Iran supports and…
China’s Iran oil imports in April at 11-month high
China’s crude imports from Iran fell 11.6 percent in April from record shipments a year ago but were still the highest in…
Number of Iranian oil clients rising
TEHRAN (ISNA)- Iran already is holding meetings with potential European and other Western customers about buying its oil, a further indication of…
Iran in talks with former oil clients
A senior Iranian petroleum official says Tehran has already started talks with Asian and European refineries in a bid to increase its…
IOTC raises oil exports capacity
TEHRAN April 08(Shana)–Managing director of Iran Oil Terminals Company (IOTC) Seyyed Pirouz Mosavi said modernization of jetties and overhaul of loading installations…
Official: Iran’s economy stable enough to survive oil price fall
TEHRAN (FNA)- A senior Iranian official said the country’s economy is powerful enough to win the battle against falling crude prices. “The…
Zanganeh to elaborate on oil sector developments
Tehran, Feb 4, IRNA – Oil Minister Bijan Namdar Zanganeh is to attend a live televised program on Wednesday night to brief…
Iran sweetens oil contracts to counter sanctions and price plunge
(Reuters) – Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and…
Insurance sector willing to invest in oil industry
TEHRAN Feb 02(Shana)–Iran Insurance Company’s managing director Mahmoud Abdollahi said the company is interested in playing a bigger role in development plans…
Asian oil imports from Iran hit 3-year high: Data
Fresh figures show Asian purchase of Iran’s oil hit a three-year high in 2014, with the major buyers increasing their crude imports…
Storage facility coming on-stream by next March
TEHRAN Jan 28(Shana)–Oil products storage facility which is under construction in Shiraz is scheduled to come online early next Iranian calendar year,…
NIOC, IOCs cooperate in EOR projects
TEHRAN Jan 28(Shana)–Director of research and technology at the National Iranian Oil Company Mohammadali Emadi said the company cooperates with international oil…
Bandar Abbas oil refinery upgrading nearly complete
TEHRAN Jan 28(Shana)–Bandar Abbas oil refinery’s upgrading plan is 93% compelete and will be completed during the second half of next Iranian…
Iran oil dependence harms progress
TEHRAN Jan 25(Shana)–Dependency on oil revenues is hindering Iran’s progress and most of the country’s issues will be smoothed out once the…
Iran sets eyes on West Karoun fields
Iran’s media reported on Saturday that the country is pressing ahead serious plans to develop several giant oil fields that it shares…
New Iran-Europe oil talks launch
TEHRAN, Jan. 23 (MNA) – An official of Ministry of Petroleum announced that Iran’s new set of oil deals has been negotiated…
A look at Iranian newspaper front pages on Jan. 21
IFP has taken a look at the front pages of newspapers on Wednesday and picked headlines from 19 of them. IFP has…
Minister: Reduced dependence on oil to help save Iran’s economy
Qom, Jan 15, IRNA – Minister of Economic Affairs and Finance Ali Tayyebnia pointing to the oil price drop and impacts of…
India’s oil imports from Iran jump sharply in 2014
Tehran, Jan 16, IRNA — India imported 42 per cent more Iranian oil last year over 2013 levels as its refiners increased…
Rouhani: Fall in oil prices unlikely to strain Tehran
Western countries’ strategy of derailing Iran’s economy through lowering oil prices is vain, says Iranian President Hassan Rouhani. Tehran has forecast the…
Iran to become biggest oil equipment supplier in ME
TEHRAN Jan 09 (Shana)–Iran’s Petroleum Minister Bijan Namdar Zanganeh said plans are under way to transform Iran into the region’s number-one suppler…
Russian oil companies lured into Iran’s oil, gas markets
TEHRAN, Jan. 06 (MNA) – Russian oil and gas companies now seek Iranian oil and gas projects as their main investment hub…
Growing oil investment top priority despite low oil prices, MP
Tehran, Jan 6, IRNA – An Iranian parliamentarian said investments in oil sector will be given high priority even if the global…
A look at Iranian newspaper front pages on Jan. 5
IFP has taken a look at the front pages of newspapers on Monday and picked headlines from 23 of them. IFP has…
New motion heralds increased oil, Power investment
TEHRAN Jan 04 (Shana)–Iran’s parliament has passed a long-awaited motion which is believed to enhance investments in the country’s oil and power…
OPEC kingpins affect decisions: minister
Tehran, Jan 4, IRNA – Oil Minister Bijan Namdar Zanganeh says OPEC’s leading producers can influence the decisions made by the oil…
Major investment contract signed for oil transit development project
Ahvaz, Khuzestan prov, Jan 4, IRNA – An investment contract has been signed by the private sector to develop the transit of…
Oil giants desperately keen to enter Iran’s market: Turkish paper
Tehran, Jan 2, IRNA – Turkish Newspaper Yeni Mesaj has written while Iran and the Group 5+1 have not yet reached a…
Iran reveals plans to produce oil from Caspian Sea reservoirs
TEHRAN, Nov. 24 (MNA) – Khazar Oil and Gas Company head has announced new plans for producing oil in Caspian Sea. Ali…
Rafsanjani demands OPEC cooperation to prevent further drop in oil prices
TEHRAN (FNA)- Chairman of Iran’s Expediency Council Akbar Hashemi Rafsanjani called on the OPEC member-states to stop the falling crude prices in…
Iran downstream oil revenues to rise by $200b
Tehran, Dec 26, IRNA — Iran is expected to see its revenues from downstream oil sector increase by $200 billion in four…
Asian imports of Iran crude rise above 1 million bpd in November
(Reuters) – Asian imports of Iranian crude climbed above 1 million barrels per day (bpd) in November, after dropping to a one-year…
Iran should reduce oil prices: Report
Iran must reduce its official oil price in order to hold its position in global oil markets, according to a report released by Iran’s official…
China’s Nov Iran crude oil imports down 2.6 pct on yr -customs
BEIJING, Dec 22 (Reuters) – China’s crude oil imports from Iran fell 2.6 percent in November from a year ago but were…