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 ....
August 04, 2020 19:44
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August 05,2020National Iranian Gas Company’s annual gas output will increase by at least 22% by 2021, head of the state-run NIGC said. “Total natural gas production amounted to 270 billion cubic meters in 2019... -
August 04,2020Value of trade at the Iran Energy Exchange surged in the first four months of current fiscal year (March 20-July 21). Data from IRENEX shows more than 295.82 trillion rials ($1.2 billion) worth... -
August 03,2020From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus. -
August 03,2020The National Iranian Gas Company says it has invested $17 billion in natural gas infrastructure over the past seven years. “The big part [of the money] went for completing the South Pars Gas Field... -
July 29,2020The Iranian Central Oil Fields Company has spent $600 million to build pressure boosting stations in gas fields to help provide sustainable supplies to gas refineries, director of the company’s... -
July 29,2020A leak in a subsea oil pipeline from Abouzar Oilfield (in the Persian Gulf) to Kharg Island and Bandar Genaveh in Bushehr Province has been fixed and the oil spill is being cleaned up. The leakage... -
July 28,2020The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. -
July 20,2020The National Iranian Oil Company concluded an agreement with the domestic company Petropars to develop the giant South Azadegan Oilfield in Khuzestan Province. The $1.3 billion contract aims to... -
July 20,2020The three priorities of the gas industry is people’s welfare, injection into oil wells to increase efficiency, and use in industries. Export of gas is down the line in fourth place, a spokesman of... -
July 19,2020The National Iranian Oil Company has reported that gas flaring in oilfields declined 40% in 2019 compared to 2017. According to ISNA and based on NIOC data, daily gas flaring in 2017 was 50... -
July 15,2020Global oil demand will soar by a record 7 million barrels per day in 2021 as the global economy recovers from the coronavirus pandemic but will remain below 2019 levels, OPEC said in its monthly... -
July 14,2020OPEC+ production cuts have brought oil prices back from the brink, but the group will have to tread carefully to avoid triggering a new price collapse when it begins to reverse those reductions. -
July 11,2020National Iranian Oil Company has signed a contract with Persia Oil and Gas Industry Development Company to develop Yaran joint oilfield in Khuzestan Province. -
July 07,2020Natural gas refining capacity has surpassed 1 billion cubic meters a day, coordinating manager at the National Iranian Gas Company said Tuesday. “Close to 1.3 bcm can be processed daily in gas... -
July 04,2020Iran has resumed gas exports to Turkey after Botas, the country's state oil and gas company, said it fixed the ruptured gas pipeline after 94 day, the head of National Iranian Gas Company's... -
July 04,2020OPEC slashed oil production to the lowest level since the Persian Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand... -
June 30,2020Studies are underway to redesign gas turbines in power plants so that gas condensate can be used as feedstock instead of natural gas, a deputy energy minister said. “Our engineers and... -
June 29,2020The International Court of Arbitration (ICA) announced its verdict over the Iran-Turkmenistan gas row. IRNA said based on information from the Oil Ministry and the National Iranian Gas Company,... -
June 24,2020Persian Gulf Bid Boland Gas Refinery in Khuzestan Province will be operational in August, the managing director said. “The refinery will start operation with 20 million cubic meters of gas or 30%... -
June 23,2020As the OPEC+ alliance sticks to its guns in trying to curb oil output to shore up prices, Asian buyers are increasingly looking to the US for a cheaper source of supply. -
June 21,2020Expansion of the national gas network in Sistan-Baluchestan Province is on track despite difficulties created by coronavirus in the southern regions, head of the provincial gas company said. "... -
June 15,2020It was too good to be true. Last weekend’s OPEC+ meeting took a decision in record time to extend deep output cuts that had halted a dramatic slide in prices — and members even agreed to abide by... -
June 13,2020The National Iranian Gas Company can double the volumes it delivers to thermal power plants and supply at least 310 million cubic meters of natural gas a day to power stations at the peak of... -
June 10,2020OPEC and its allies slashed almost one-fifth of their crude oil production in May, the first month of their landmark supply accord, according to the latest S&P Global Platts survey of the group... -
June 08,2020Iraq wants OPEC+ to take into consideration the economic and living conditions of countries when assigning quotas in oil production cuts, the country's finance minister said, as OPEC's second-...
