• South Pars Phase 14 Shares Progression Report
    To further boost output from South Pars Gas Field in the Persian Gulf, the third offshore deck of the field’s Phase 14 was installed on Saturday, the development manager of the phase said. “After...
  • Infrastructure Development to Boost Azadegan Crude Output
    Petroleum Engineering and Development Company (PEDEC) is developing the infrastructure to increase crude output from South Azadegan Oilfield in the oil-rich Khuzestan Province. According to IRNA,...
  • Dehloran Gas Processing Plant on Track
    NGL 3100, an under-development gas venture to collect and process associated petroleum gas from oilfields in Ilam and Dezful, will be fed with as much as 6 million cubic meters of gas per day, the...
  • Iran's South Pars Non-Oil Exports Rise 23%
    Non-oil exports from South Pars Gas Field off the Persian Gulf in the third month of the fiscal year (May 22-June 21) showed a 23% increase in volume compared with the same period of last year, the...
  • Sustainable Gas Supply to Northern Regions Assured
    To maintain sustainable gas supply to northern regions, the state-owned East Oil and Gas Production Company, a subsidiary of Iranian Central Oil Fields Company, is producing close to 63 million...
  • OPEC Compliance Declines
    OPEC's compliance with its production quotas fell sharply in June, as output gains in the month by Saudi Arabia and Nigeria, along with Iraq's, continued to flout their cap and shrank the bloc's...
  • Zanganeh: Using Oil as Weapon Will Harm All Oil Producers
    Iran has never been a threat to energy security, nor will it ever pose a risk to it, as insecurity in the region is against its national interests. Oil Minister Bijan Namdar Zanganeh made the...
  • Iran Energy Exchange Eases Oil Sales to Foreigners
    Foreign natural entities are allowed to place an order for crude oil offered in Iran Energy Exchange (IRENEX), a move to facilitate foreigners’ participation in Iran’s energy market.  According to...
  • OPEC Output Hits Five-Year Low
    OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a Reuters...
  • Iran: High Time to End Budget Dependency on Oil Revenues
    Delinking current expenditures from oil revenues must be given high priority, the head of Energy Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture said. "It is regrettable...
  • INSTEX Worthless Without Oil Import
    The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran...
  • Brent, WTI Prices Surge as OPEC Extends Cuts
    The letter of association drawn up to clarify the terms of cooperation between OPEC and non-OPEC members is not binding and will not impact the half-a-century old organization. Oil Minister Bijan...
  • Zanganeh: OPEC Should Act Unitedly
    Members of the Organization of Petroleum Exporting Countries should hold consultations among themselves first on oil policy before striking deals with producers outside the bloc, Oil Minister Bijan...
  • Mazandaran Rural Gas Network Expanding
    Expanding national gas grid in small towns and villages can help increase the wave of "reverse migration"—from bigger cities to nearby smaller towns and suburban areas. Mazandaran’s Governor...
  • IRENEX Trade Reaches $74m in 1 month
    More than 183,000 tons of hydrocarbon products valued at 10 trillion rials ($74.34 million) were traded in the Iran Energy Exchange spot market in the last Persian month to June 20.   
  • NIOC Should Expand Options for Selling Oil
    Exporting crude under conditions when new US sanctions are intimidating traditional customers is a difficult undertaking and the National Iranian Oil Company should explore all alternatives to...
  • OPEC, Non-OPEC to Meet on July 1-2
    OPEC and its allies have fixed the date of their upcoming meetings in Vienna for July 1-2, four sources have told S&P Global Platts, ending a protracted scheduling spat that the organization's...
  • Gas Grid Expanding in Lorestan
    The National Iranian Gas Company supplied 1.8 billion cubic meters of natural gas to western Lorestan Province in the last fiscal (ended March 20), the company’s deputy for gas supply said.  "...
  • Minister Floats Idea of Building Small Oil Refineries in Border Areas
    Oil Minister Bijan Namdar Zanganeh says his ministry is ready to issue licenses for constructing small oil refineries in the border regions. "Building refining centers with a maximum 100,000...
  • Iraq Will Continue Importing Iranian Energy
    The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to US sanctions for Baghdad, two government sources said on Saturday.   
  • Gas Collection Facility Opens in Khorasan Razavi
    A large natural gas gathering facility became operational Saturday in Khangiran gas field, northeast of Mashhad in Khorasan Razavi Province. The facility will stockpile 10 million cubic meters of...
  • OPEC Warns Tensions Hurting Oil Market
    OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead.  
  • New South Pars Platform to Raise Output by 14 mcm/d
    The third offshore platform of South Pars Gas Field’s Phase 14 was loaded in the southern port city of Bandar Abbas, Hormozgan Province, on Tuesday, director of the phase, Mohammad Mehdi...
  • South Pars Phase 4 Recovery Rate Increases
    Gas recovery rate has risen by 2.2 million cubic meters a day in South Pars Gas Field's Phase 4.  According to Shana, the Oil Ministry's news portal, in order to ensure stable gas supply for the...
  • Zanganeh: OPEC Must Remain Apolitical
    Iran will stay in the Organization of the Petroleum Exporting Countries despite some of the member states hostility, the Oil Minister said. According to the parliamentary news website ICANA, Bijan...

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