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 ....
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06/24/2018Drilling operations of 22 wells in Phase 14 of South Pars Gas Field in the Persian Gulf are slated to be completed by the end of the current fiscal year (March 20, 2019), the managing director of... -
06/24/2018Iran is burning off record amounts of natural gas, which is way higher than the global average, the deputy for gas distribution at the National Iranian Gas Company said. "While the average global... -
06/24/2018National Iranian Oil Company shipped its first batch of crude cargo from West Karoun Oil Block in the southern Khuzestan Province to an unnamed European buyer. According to Shana, the Iranian Oil... -
06/21/2018Oil Minister Bijan Namdar Zanganeh rejected leaving the 2016 pact of curbing oil output by OPEC members. "Every decision in OPEC needs unanimity … I do not believe that we can reach an agreement... -
06/20/2018Despite the US-Saudi Arabia ploy to coerce OPEC members' to raise output, the National Iranian Oil Company should strongly hold its position to maintain oil production and exports at the current... -
06/19/2018The National Iranian Oil Company needs a policy paradigm shift to develop oilfields, a member of Iran's Institute for International Energy Studies said. "The new model of oil contracts—the Iran... -
06/18/2018The Oil Ministry plans to modify the contracts it had earlier signed with domestic oil parts manufacturers so that they would be able to fulfill their commitments, the head of the Society of... -
06/17/2018Iran, or any other member of the Organization of Oil Exporting Countries, can unilaterally thwart efforts to reach an agreement to raise the group’s oil production, as it requires a 100% consensus... -
06/17/2018Gazprom, Russia’s fourth largest gas producer, is mulling over taking part in development of Farzad-A and Farzad-B, a large gas reservoir in the Persian Gulf, a senior official at Gazprom said. "... -
06/17/2018Weak diplomatic relations with India and Pakistan have prevented Iran from becoming a natural gas exporter, an energy expert said. According to Ibrahim Allahmoradi, sticking to a passive diplomacy... -
06/17/2018Pipelines connecting offshore platforms of the South Pars Gas Field's phases 6-8 in the Persian Gulf to the offshore refineries of phases 4-5 have gone on stream, adding 3 million cubic meters to... -
06/14/2018The National Iranian Oil Company has allocated 4% of the oil projects' value, including extraction and production, on implementing development plans in oil-rich regions, NIOC's managing director... -
06/13/2018Armenia is looking to increase natural gas imports from Iran based on an agreement that would allow the neighboring state to receive up to 600,000 cubic meters more gas from the current level of 1... -
06/13/2018The National Iranian Drilling Company's operations for drilling 40 wells in the South Azadegan Oilfield in Khuzestan Province are near completion, a deputy director of NIDC said on Monday. "The... -
06/11/2018The Sixth Iran Gas Trunkline (IGAT-6)–a major component of the national gas grid–will go on stream by the end of the current fiscal that ends in March 2019, the CEO of Iranian Gas Engineering and... -
06/11/2018National Iranian Oil Company shipped its first crude cargo from West Karoun Oil Block in the southern Khuzestan Province to Spain’s Repsol, an integrated global energy company based in Madrid.... -
06/11/2018Oil Minister Bijan Namdar Zanganeh said on Saturday plans have been devised to lift the country's output capacity by 460 million barrels within three years by recovering the extraction rate from... -
06/10/2018Drilling operations at Kish Gas Field, the Persian Gulf’s second largest gas field after South Pars, will be completed in winter (ending March 20, 2019), the deputy chief of the National Iranian... -
06/02/2018Three new platforms of the South Pars Gas Field's phases 13, 14 and 22-24 in the Persian Gulf will be installed by summer end (Sept. 22), Pars Oil and Gas Company's director for project planning... -
06/02/2018Gas Exporting Countries Forum, an industry group representing gas sellers, will support its members against US sanctions as the restrictions have no economic basis, GECF’s secretary-general said on... -
06/02/2018Oil Minister Bijan Namdar Zanganeh has called on UAE Minister of Energy and Industry Suhail Mohammed Al Marzouei to include in the June 22 meeting of the organization in Vienna ways and means to... -
05/31/2018Iran’s Oil Minister Bijan Namdar Zanganeh said on Wednesday French oil major Total has two months to seek exemption from US sanctions after Washington’s withdrawal from the international nuclear... -
05/30/2018A Chinese investment firm is set to spend $2 billion on the construction of an oil refinery in the northern Mazandaran Province, the deputy head of the province's Investment Center said. "The... -
05/30/2018Finnish mining technology company Outotec is yet to decide on leaving the Iranian market, the company's Tehran office announced. "Considering the current condition of the country, the company... -
05/30/2018Indian refiners say they are keen to maintain oil imports from Iran despite the US withdrawal from a nuclear deal with Tehran and threats to pressure the country with, according to the National...
