Iran
News
October 04, 2017
A Lukoil a wholly-owned subsidiary, Lukoil-Engineering, and the National Iranian Oil Company, signed a memorandum of understanding.
News
September 25, 2017
Iran will persist with exporting its oil to global customers, unfettered by Donald Trump’s intensifying offensive against the country, according to the Middle East nation’s state-run producer.
News
September 25, 2017
OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.
News
August 08, 2017
Iran’s President Hassan Rouhani proposed the reappointment of its longest-serving oil minister, Bijan Namdar Zanganeh, who fought to restore crude production and closed a landmark deal with Total SA to develop the Persian Gulf country’s share of the world’s biggest natural gas field.
News
August 03, 2017
Iraq’s northern province of Kirkuk refuses to cooperate with any plans to ship its oil to neighboring Iran because the central government didn’t consult with it on the matter, Kirkuk provincial officials said.
News
July 28, 2017
Gazprom Neft has signed a Memorandum of Understanding (MOU) with Iran’s Oil Industries’ Engineering & Construction (OIEC), confirming both companies’ mutual interest in combining forces in the preliminary assessment and investigation of the geological potential of oil fields located in the Islamic Republic of Iran.
News
July 03, 2017
An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation guarantees a “reasonable return” on the project, according to the company leading the group.
News
July 03, 2017
Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field.
News
June 20, 2017
Iran and France’s Total SA expect to sign a contract to develop part of the world’s biggest natural gas field in the next few weeks in what would be the Persian Gulf country’s first investment by an international energy company since sanctions were eased last year.
News
May 24, 2017
Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains.
News
May 22, 2017
Iranian President Hassan Rouhani is in a stronger position after his re-election to push through plans for wooing foreign investors the country needs to boost oil production, according to analysts at Cornerstone Global Associates and SVB Energy.
News
May 07, 2017
Iran is buying equipment to avert a possible disruption in output at its share of the world’s biggest natural gas field, in the event the U.S. decides to impose additional sanctions on its economy, the head of state-run operator Pars Oil & Gas Co. said.
News
April 26, 2017
Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority.
News
April 19, 2017
Iran will probably be allowed to keep its oil production unchanged if OPEC decides to extend its six-month agreement on output cuts beyond June, Kuwaiti Oil Minister Issam Almarzooq said.
News
April 16, 2017
Iran, holder of the world’s biggest natural gas reserves, boosted output by inaugurating six projects at the giant South Pars offshore field.
News
April 04, 2017
The overseas arm of India’s biggest oil and gas explorer intends to spend more than $3 billion on Iran’s Farzad-B natural gas block.
News
April 03, 2017
Qatar Petroleum plans to start a new development in the offshore North field, ending a 12-year ban on new projects that allowed the company to assess how its current rate of extraction affects the giant reservoir it shares with Iran.
News
March 29, 2017
Gazprom and National Iranian Oil Company have signed a Memorandum of Understanding in Moscow.
News
March 07, 2017
Iran’s crude-oil exports touched 3 MMbpd for the first time since the 1979 Islamic Revolution.
News
February 23, 2017
Iran is hard at work gaining a foothold in the global energy market, and it’s not letting U.S. President Donald Trump’s confrontational tone stop it from trying.
News
February 08, 2017
OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, oil ministers for Iran and fellow group member Qatar said.
