Press TV - Oil trade between Iran and France surpassed $2 billion in 2017, French Ambassador to Tehran Francois Senemaud said Tuesday, hoping bilateral business will continue as normal. Frances Total was the first Western oil major to sign a post-sanction deal to develop and operate phase 11 of Irans South Pars, but the company has said its ...

Press TV - Iraq says it plans to start oil exports to Iran from the northern Kirkuk fields next week under a swap deal announced last month. Iraq is about to truck 60,000 barrels per day (bpd) of oil from Kirkuk to Irans Kermanshah refinery across the border and ship back refined Iranian oil for southern Iraq. Acting director general of Iraqs ...

Tasnim Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year. This is an agreement for one year and then we will see after that whether to renew it, Luaibi told reporters in Kuwait City on ...

Press TV - Irans Petroleum Minister Bijan Zanganeh says every new agreement with a foreign company over the development of the countrys oil and gas projects shows that US policies against the Islamic Republic are already failing. Zanganeh said it was the priority of the Ministry of Petroleum to expedite the proceedings to sign new oil and gas ...

Oil Price - Iran expects around US$50 billion worth of oil contracts to launch their operational phases next year, according to Fardad Daliri, director of investment at the Industrial Development and Renovation Organization (IDRO) of Iran. The Islamic Republic is inviting local and foreign companies to take part in oilfield development projects ...

SHANA - The Managing director of Ghadir Investment Company (GIC) says his company is currently in talks with 12 international companies on cooperation in upstream oil projects.   Speaking during the signing ceremony of a memorandum of understanding (MoU) on Wednesday with the National Iranian Oil Company (NIOC) for carrying out studies over ...

Bloomberg- Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nations poorest states, according to politicians, a diplomat and other people close to the talks. The state of Maranhao, on Brazils northern Atlantic coast, is offering a 5,000-acre site for the ...

IRNA Indonesias President Joko Widodo will discuss issues pertaining to oil and gas cooperation with Iranian officials during his meetings in Tehran this week. According to the visit schedule announced by the Indonesian government, the president will review ways of increasing cooperation with Iran in oil and gas industry sectors. President Widodo ...

VOX| Zeeshan AleemIran: Iran is showing signs of attracting major foreign investment in its long-neglected oil fields. Thats good news for its economy, and it could make it harder for Donald Trump to reinstitute sanctions against the country should he try to fulfill his promise to rip up President Obamas controversial nuclear deal with Tehran. On ...

Tehran, Jan 23, IRNA Iran signed an agreement to supply crude oil with Hellenic Petroleum SA, a Greek oil refinery, in what may be the Persian Gulf producers first such deal with a European company since the removal of sanctions this month. Deliveries will begin immediately, Hellenic Petroleum said in an e-mailed statement on Friday, Bloomberg reported....