Iran Oil and Gas News
Trusted local source for getting the latest news about Iran oil and gas industries, including prices, export and output data, Iran petro contracts ....
May 18, 2019 19:17
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May 18,2019In a move to facilitate crude oil sale on the Iran Energy Exchange, the National Iranian Oil Company has adjusted some of its purchasing terms for the next round of offer scheduled for May 21. ... -
May 17,2019Oil production from Azar Oilfield is projected to reach 65,000 barrels per day in the second half of current fiscal that started in March, said the director of projects at the Oil Industries... -
May 15,2019OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows, pointing to a tighter market if the... -
May 15,2019European companies can purchase crude from Iran as some of them do not have commercial interest in the United States and do not need to be concerned about US sanctions, the head of Iran’s Strategic... -
May 14,2019Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to... -
May 14,2019Iraq will remain dependent on Iran for power at least for the next three years, IRNA quoted the country's Electricity Minister Luay al-Khatteeb as saying on Monday. Close to 4 gigawatts (roughly... -
May 13,2019State-owned National Iranian Oil Company raised the official selling price differentials for all of its crude oil grades loading in June and headed to Asia by 35-65 cents per barrel from May, a... -
May 13,2019Oil production in flood-hit Khuzestan Province in the southwest is back to normal, the managing director of National Iranian South Oil Company said Sunday. “Only a few wells remain closed because... -
May 12,2019Gas projects in western Kurdestan Province are awaiting funds and if the money is not available expansion of the gas network to rural areas will be suspended, the managing director of Kurdestan... -
May 10,2019OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to pump more due to... -
May 08,2019Pakistan has expressed willingness to complete the long-delayed Iran-Pakistan gas pipeline project. According to IRNA, Pakistan's Prime Minister Imran Khan has instructed his foreign minister,... -
May 08,2019Drilling 10 wells in South Azadegan Oilfield in Khuzestan Province will start soon, deputy director of the National Iranian Drilling Company said. “NIDC supplies drilling rigs, technical and... -
May 07,2019Close to 240 billion cubic meters of natural gas -- average 655 million cubic meters/day -- was supplied via the national gas grid in the last fiscal that ended in March, head of the National... -
May 07,2019Iraq will remain committed to the OPEC+ deal struck in December 2018 to cut production by 1.2 million barrels per day, according to the nation's oil ministry. -
May 07,2019Iranian Offshore Oil Company, a subsidiary of the National Iranian Oil Company, has not cut offshore crude output nor stopped loading oil for export, managing director of the company said Monday... -
May 05,2019Iran’s oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global supply losses caused by US sanctions on... -
May 04,2019The National Iranian Oil Company and Iraqi oil officials explored ways to boost cooperation in Tehran on Friday. According to Shana, the Oil Ministry news portal, Ramin Qalambor Dezfouli, NIOC... -
May 03,2019The national gas grid will be completed in three years after which the entire country will have access to the network by 2023, managing director of Iran Gas Company said at the weekend. “Gas meets... -
May 03,2019Unilateral measures to cut Iranian oil exports to zero will not produce the results desired by the Trump White House. -
May 01,2019OPEC oil supply hit a four-year low in April due to further involuntary declines in sanctions-hit Iran and Venezuela and output restraint by top exporter Saudi Arabia. -
May 01,2019The value of trade in the Iran Energy Exchange (IRENEX) touched 171 trillion rials ($ 1.17 billion) in the last fiscal (ended March 20) – up 126% compared to the year before, the IRENEX boss said... -
April 30,2019Asia's crude oil imports from Iran rose to the highest in eight months in March as buyers rushed for more cargoes to take advantage of waivers to the sanctions the United States imposed, data from... -
April 30,2019In a new round of oil offer on the Iran Energy Exchange, the Iranian National Oil Company sold 70,000 barrels of heavy crude on Tuesday. The company had offered 1 million barrels of heavy crude... -
April 28,2019The National Iranian Oil Company generated $8.6 billion from selling five petroleum products namely gasoline, diesel, mazut, kerosene and liquefied gas in the fiscal 2017-18, Fars news agency said... -
April 27,2019Replacing eco-unfriendly fuels with natural gas, supplying petrochemical companies with gas as feedstock and exporting gas are among the Oil Ministry priorities in the current fiscal that started...
