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  • OPEC, Non-OPEC Agree on Deeper Oil Output Cut
    OPEC and its allies (OPEC+ including Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, South Sudan and Sudan) led by Russia agreed to cut output by an additional 500,000 barrels per...
  • South Pars Reports Increase in Petrochem, Condensate Export
    Exports from South Pars Gas Field off the Persian Gulf in the eighth month of the fiscal year (Oct. 23-Nov. 23) increased by 39% in volume compared to the same period last year, head of the customs...
  • Jahangiri Says Oil Exports Continue
    Iran is exporting its oil despite the new US sanctions, the first vice president said Monday, adding that Washington’s “maximum pressure” on Tehran has failed. “Despite America’s pressure ... and...
  • Iran Gas Trunkline Expansion on Track
    To expand the Iran Gas Trunkline (IGAT) close to 400 kilometers of high-pressure pipelines have been laid across the country since March, managing director of Iranian Gas Engineering and...
  • IEA's Birol: OPEC Should Make Right Call
    OPEC countries, which are meeting next week to discuss their level of oil output, should make the right decision for the global economy, which remains “very fragile”, the head of the International...
  • South Pars to Boost Gas Output by 11%
    Natural gas production in the giant South Pars Gas Field in the Persian Gulf will increase by 70 million cubic meters per day before the calendar year is out, managing director of Pars Oil and Gas...
  • 26,000 Tons of Gasoline on Offer at IRENEX
    The National Iranian Oil Products Distribution Company will offer 26,000 tons of gasoline on the Iran Energy Exchange on Tuesday.  It is the first offer of the kind through the energy bourse after...
  • Domestic Gas Consumption at New High
    Domestic gas consumption jumped to new highs on  Tuesday reaching 693 million cubic meters per day,  dispatching director at the National Iranian Gas Company said. Mehdi Jamshidi Dana said...
  • New Rules for Crude Oil Sale via Iran Energy Exchange
    The Oil Ministry has announced new guidelines for selling crude oil via the Iran Energy Exchange. Procedures that determine base prices have been amended.  Announced by Oil Minister Bijan Namdar...
  • Gasoline Offer Continues on IRENEX
    Sale of gasoline on the Iran Energy Exchange will not be affected by the government decision on Friday to increase fuel prices and assign quotas, the managing director of IRENEX said.  “The price...
  • OPEC+ Will Face ‘Major Challenge in 2020
    The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s policy...
  • 2 More Offshore Platforms Installed at SP
    To fast track gas production from South Pars Gas Field in the Persian Gulf, offshore platforms of phases 23 and 24 were installed on Wednesday. Deck 23 and the satellite rig 24B, each weighing 2,...
  • Iran's New Oilfield Named ‘Namavaran’
    Following the announcement of a huge oil field discovery in the southwest at the weekend, Oil Minister Bijan Namdar Zanganeh said Monday that the new oilfield in Khuzestan Province has been named ‘...
  • Zahedan Power Plant Connected to National Gas Grid
    Close to 2,000 kilometers of high/mid/low-pressure gas pipes have been laid in Sistan-Baluchestan Province over the last two years, head of Iranian Gas Engineering and Development Company said.  “...
  • Iran's Newly-Discovered Oilfield in Khuzestan Holds 53b Barrels of Crude
    A new oil field was identified in southwest Iran that holds 53 billion barrels of crude oil, President Hassan Rouhani said in Yazd on Sunday. “Exploration department of the National Iranian Oil...
  • Iran's NIOC Again Revising Oil Offer Terms via IRENEX
    After failing to attract customers for crude oil offered on the Iran Energy Exchange, the National Iranian Oil Company says it plans to again tweak rules and procedures in the process, an official...
  • Decline in Iran's Natural Gas Export to Turkey
    Iran’s natural gas export to Turkey declined by 70% in August compared to the corresponding month in the previous year. According to Energy Today, the latest report issued by Ankara-based Energy...
  • Zanganeh Sees More Output Cuts by OPEC
    Oil Minister Bijan Namdar Zanganeh was quoted as saying Monday that he expects further production cuts to be announced at the next meeting of the Organization of the Petroleum Exporting Countries...
  • Domestic Gas Consumption Overshadowing Exports
    The rise in domestic gas consumption has been more noticeable than the increase in exports over the last 12 months.  According to Oil Ministry data, although gas production has remained unchanged...
  • Local Energy Exchange Is a Stopgap Solution
    Oil has always been a function of the international market, so setting up local energy markets cannot help the National Iranian Oil Company sell crude on a long-term basis, a veteran financial...
  • NISOC Signs Contracts to Cut Flaring
    The National Iranian South Oil Company seeks to further reduce flaring and burning of associated petroleum gases from oil and gas sites in the southern and southwestern regions it operates,...
  • SPD 9 Platform Resumes Production
    Gas production at one of the platforms of the giant South Pars Gas Field off the Persian Gulf, which had been damaged, has been fully repaired, the operations manager of Pars Oil and Gas Company...
  • Data Show OPEC+ Will Cut Output Again
    The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. That is the inescapable conclusion from the latest round of monthly reports published by the three...
  • LNG Export Should Be a Distinct Priority
    Expanding gas export via pipelines is not on the agenda for now but export of liquefied natural gas should be a distinct priority, a former secretary general of the Gas Exporting Countries Forum...
  • Iran's NIOC Generating Revenues via New Channels
    The National Iranian Oil Company raised $700 million in revenues by selling oil and petroleum byproducts in the capital market in the past eight months, the managing director of the company said...

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