Falling global oil demand, opportunity for Iran gas—Expert says
SHANA – Oil represents about 30% of the global primary consumption of energy at the moment but this number will decrease significantly…
Tag Archives: Iran’s oil
Iran, Iraq consider oil swap
TEHRAN, Aug. 30 (MNA) – Deputy-minister of oil has said NIOC’s debts have soared to $70bn, amid speculations of oil swap with…
Iran, Indonesia, China to embark tripartite oil investment
TEHRAN – To be the biggest Iran-Indonesia joint oil investment, an $8.4 billion-worth oil refinery project will be established in a trilateral…
Swiss Court orders Israel to pay Iran 1 million NIS for Shah-era debt
The Trans-Asiatic Oil Company, which is controlled by Israel, lost its appeal of the arbitration decision that obligates it to pay back…
Oil industry technical standards to be upgraded: Oil official
Tehran, July 28, IRNA – Deputy minister of petroleum for technological affairs announced that Iran’s oil industry will be improved to reach…
Iran to re-launch oil platform in Persian Gulf
ILNA: Iran’s oil output from its fields in the Persian Gulf has increased, an oil official said. Saeid Hafezi, the managing director…
Iran’s oil output at highest level in 5 years
The latest market figures show that Iran’s oil production has already hit the highest level in the past five years – what…
Up to 12b cm gas to be injected to oil reserves by March 20
TEHRAN, July 03 (Shana) – Head of the Dispatching Unit in National Iranian Gas Company Abdolreza Ebrahimian says up to 12…
NIOC, Repsol seal oil sale deal
TEHRAN, Jun. 26 (MNA) – Iran’s oil exports to Spain have climbed by three million barrels per month upon signing short-term contracts…
Turkey to sell train rails to Iran in exchange for oil
Transportation, Maritime Affairs and Communications Minister Binali Yildirim has said Turkey will buy oil from Iran in exchange of train rails in…
Iran, China launch new oil talks
TEHRAN, Jun. 25 (MNA) – An official has reported on a fresh round of talks with a Chinese company to implement the…
Output of West Karoon fields 280k b/d by November
TEHRAN, May 28 (Shana) – Iran will see production rise to 280,000 bpd from West Karoon oil fields before November 2016, a…
International oil companies hire Iranian tankers
Tehran, May 16, IRNA – Managing-Director of National Iranian Tanker Company (NITC) Ali-Akbar Safaei said on Monday that some international oil companies…
Iran eyes more oil bunkering
TEHRAN, April 30 (Shana) — National Iranian Oil Refining and Distribution Company (NIORDC), as one of the four subsidiaries of the…
NIOC, Europe seal new oil sale deals
TEHRAN, Apr. 06 (MNA) – An NIOC official has announced the signing of new crude sale deals with a number of European…
Iran renews oil contracts with China, taps new buyers
Iran is taking steps to ramp up oil exports ahead of an end to U.S.-led sanctions, extending crude contracts with its top…
SZOGPC plans to boost agar gas output
TEHRAN Nov. 04 (Shana) – South Zagros Oil and Gas Production Co. has plans to raise natural gas recovery from Agar Gas…
German manufacturers to cooperate in post-sanctions Iran oil, gas industry
TEHRAN, Nov. 2, IRNA – German companies from the state of Bavaria are interested in supplying Iran with the equipment used in…
Iran to hold new ‘oil investment opportunities Conf.’
TEHRAN, Oct. 26 (MNA) – Iran’s oil minister Bijan Namdar Zanganeh has said in a statement the ministry will hold the first…
US firms expected to attend Tehran oil contracts conference
TEHRAN Oct. 25 (Shana) – The US companies are likely to be present in the upcoming conference to unveil Iran’s new oil…
Tehran to host new Iran oil contracts conference on Nov 28-29: Official
TEHRAN Oct. 25 (Shana) – The conference to unveil Iran’s new oil contracts will be held in Tehran on November 28-29, said…
Iran to start oilfield-investor bidding process by end of March
Iran is preparing by the end of March to start soliciting bids from international companies for rights to develop oil fields as…
Russia is satisfied with oil prices: Zangeneh
TEHRAN Oct. 21 (Shana) – Iranian Petroleum Minister Bijan Zangeneh said Russia is satisfied with the current crude oil prices and says…
Iran deal milestone starts the clock on oil sanctions relief
World powers and Iran set the clock ticking Sunday on a landmark accord placing limits on the Islamic Republic’s nuclear work in…
OMV seeks re-development of Cheshmeh-Khosh oil field in Iran
TEHRAN Oct. 17 (Shana) – A senior official with Austrian oil giant OMV said the company is interested in technical cooperation with…
$2,500 billion revenue by 5% extra EOR: Official
TEHRAN Oct. 13 (Shana) – Ministry of Petroleum’s Chairman of Oil Contracts Revision Committee Mehdi Hosseini said that by every five percent…
Iran new oil contracts to develop joint fields, enhance recovery
TEHRAN Oct. 12 (Shana) – Minister of Petroleum Bijan Zangeneh said the new oil contracts to be unveiled in the upcoming conferences…
Iran offshore oil firm welcomes HSE foreign partnership
TEHRAN Oct. 7 (Shana) – An official in the Iranian Offshore Oil Company (IOOC) has called for participation of foreign firms in…
Iran to launch over 50 new oil projects
Iran says it plans to introduce above 50 new oil projects to international investors in what will be a key section of…
New oil contracts to be attractive to investors: President legal aide
TEHRAN Oct. 4 (Shana) – Vice president for legal affairs said Iran’s new oil contracts which were verified by the cabinet last…
BP: New Iran business talks confidential
British oil major BP says it is holding talks about returning to Iran for possible investment of billions dollars in the country…
MP urges development of joint oil, gas fields
TEHRAN Sept. 29 (Shana) – A member of the Majlis (Parliament) Development Commission said making the most from Iran’s joint oil and…
Iran ready to raise oil export to 6mn barrels a day
TEHRAN, Sep. 30 (MNA) – Managing director of the Iranian Oil Terminals Company (IOTC) has announced a daily throughput of 6 million…
Iran petchem in “good shape” but upgrades needed, linde CEO
TEHRAN Sept. 23 (Shana) — The Chief Executive Officer of the Linde Group has said Iran’s petrochemical industry is in an acceptable…
Iran gasoline imports double in 6 months
Iran’s media say the country has been importing about 8 million liters of gasoline per day since mid-March, adding that the figure…
Minister of labor launches construction of Anahita Refinery
TEHRAN Sept. 2 (Shana) – Minister of Cooperative, Labor and Social Welfare Ali Rabiei initiated construction operation of Phase I of Anahita…
Iran signs oil services contracts worth $450m with Turkmenistan
TEHRAN Sept. 01(Shana)—Iran has signed contracts worth $450m with neighboring Turkmenistan to supply the country with the engineering and technical services provided…
Oil output increases to 2.9m bpd
Tehran, Aug 22, IRNA – Oil output reached 2.9 million barrels per day from 2.7 million bpd and export of gas condensates…