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September 14,2019Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company, signed a $440m contract Saturday with domestic company Petropars to develop Belal Gas Field in the Persian Gulf. The... -
September 13,2019Supplying natural gas to Europe via a pipeline from Turkey is on the National Iranian Gas Company's agenda, the CEO said. "The infrastructure is in place and talks are underway with private... -
September 13,2019Crude oil futures were marginally lower during mid-morning trade in Asia Friday after an OPEC meeting on Thursday that saw no further cuts in crude production and bearish market reports on oil... -
September 13,2019Utility companies that offer electricity on the energy bourse will be eligible for 10% tax exemption, head of the Iran Energy Exchange said. Industrial units with electricity consumption of above... -
September 06,2019In line with declared government policy to provide less-developed regions with natural gas, a thousand kilometers of gas pipelines will be laid for cities in Sistan-Baluchestan Province by 2021,... -
September 04,2019Standard parallel salaf contracts worth 25 trillion rials ($213.6 million) were sold in the Iran Energy Exchange Sept.3-4 to finance oil projects. -
September 04,2019The Sixth Iran Gas Trunkline (IGAT-6)–a major element of the national gas grid – is to be inaugurated by President Hassan Rouhani soon, managing director of the National Iranian Gas Company said on... -
September 03,2019The National Iranian Gas Company does not intend to file a lawsuit against Pakistan in the International Court of Arbitration for not completing the Iran-Pakistan (IP) Pipeline on its territory,... -
September 02,2019Crude oil and the derivatives supply chain has extended by another 700 kilometers, managing director of the Iranian Oil Pipeline and Telecommunication Company's Tehran office said on Monday. "The... -
September 02,2019While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports, its oil product sales remain strong at nearly $500 million a month, shipping data and Reuters calculations... -
September 01,2019Despite peak production in South Pars Gas Field off the Persian Gulf, pressure reduction has emerged gradually and could get worse, managing director of Pars Oil and Gas Company said Sunday. "... -
August 31,2019OPEC oil output increased in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by US sanctions on Iran... -
August 30,2019Operations for loading the topsides of platforms 7 and 8 of Hendijan Oil Field destined for their location in the Persian Gulf started Tuesday The platforms, each weighing 1,000 tons, were built... -
August 27,2019High octane gasoline weighing 3,000 tons was sold in the international ring of Iran Energy Exchange on Tuesday. It was offered by the National Iranian Oil Product Distribution Company at a base... -
August 24,2019In line with the government's goal of linking 90% of suburban homes to the national gas network by 2022, the grid is passing through rugged mountain areas in Yazd, Gilan, Kurdestan, Semnan and Fars... -
August 23,2019National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, is collaborating with 230 local manufacturers, especially in Khuzestan Province, to indigenize drilling... -
August 21,2019To reduce gas flaring in Khuzestan Province to zero the construction of a plant to collect 1.5 million cubic meters of associated petroleum gas, or APG, per annum is completed, managing director of... -
August 17,2019Private sector in Iran cannot make miracles happen in international oil business under the sanctions regime as it was never trained for a large and unknown market. Head of the Iranian Oil Products... -
August 16,2019In line with plans to boost gas output from South Pars Gas Field in the Persian Gulf, the third offshore deck of SP Phase 23 was shipped Wednesday to its designated location, the deputy in charge... -
August 14,2019Increasing crude recovery rate by 1% is equivalent to adding seven billion barrels to production, says the head of the department overseeing performance of reservoirs in the National Iranian Oil... -
August 14,2019The second electric submersible pump installed in a well in the North Yaran Oilfield in southern Khuzestan Province has reached a stable level, head of the field development project said. “At a... -
August 12,2019Natural gas production capacity has reached 810 million cubic meters per day, director of dispatching at the National Iranian Gas Company said. “This volume, which equals 5 million barrels of... -
August 12,2019On government behalf the Economy Ministry will offer standard parallel salaf securities for crude oil worth 50 trillion rials ($427 million) today (Tuesday). The Iran Energy Exchange will host the... -
August 10,2019Light crude oil will be offered Tuesday in the international ring of Iran Energy Exchange, according to a notice on the IRENEX website. -
August 09,2019Natural gas grid in western Kurdistan Province has expanded 300 kilometers over the past five months, managing director of the provincial gas company said. "Of the total extension, 120 kilometers...
