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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09/17/2018The National Iranian Oil Company is set to assign the private sector with some 40 projects on curbing the flaring of associated petroleum gases from southern oilfields to be used in petrochemical... -
09/17/2018Tehran will not file a case with the International Court of Arbitration over Pakistan's procrastination to complete its share of Iran-Pakistan Gas Pipeline Project—aka Peace Pipeline—on its... -
09/15/2018Iran exported 4.16 million tons of gas condensates worth $2.16 billion during the first five months of the current fiscal through Aug. 21, indicating a 40% and 23% decline in terms of volume and... -
09/13/2018The National Iranian South Oil Company, a subsidiary of National Iranian Oil Company, has made 120 industrial and civil construction projects operational in the past 12 months, an official at the... -
09/12/2018Although President Hassan Rouhani has granted permission to Oil Minister Bijan Namdar Zanganeh to sell oil with a discount, such a strategy cannot serve Iran's national interest, the country's... -
09/12/2018Operations to connect the second major pipeline of South Pars Gas Field's Phase 13 in the Persian Gulf to onshore facilities have been completed, the director of Phase 13 development project said... -
09/11/2018The US oil output cannot replace Iranian crude in the international markets following sanctions imposed on Iran’s key sector that are due to take effect on Nov. 5, the Oil Ministry’s former deputy... -
09/10/2018The completion of Iran-Pakistan Gas Pipeline Project—aka Peace Pipeline—will lead to fundamental economic changes in Pakistan. Iranian Ambassador to Pakistan Mehdi Honardoust made the statement... -
09/10/2018Oil Minister Bijan Namdar Zanganeh said no refunds will be provided to the French giant Total... -
09/09/2018To curtail the flaring of natural gas in fields shared with the western Arab neighbor, operations are underway to complete Azar Oilfield's gas installations, located in Anaran Block bordering Iraq... -
09/09/2018To export liquefied natural gas, Iran needs investment, modern technology and sustainable output, rapporteur of the Majlis Energy Commission said. “Production of LNG should be sustainable so... -
09/09/2018Focusing on energy swap operations in the Caspian Sea is much more cost-effective than extracting oil and gas from its deepwater hydrocarbon deposits. According to ISNA, although the National... -
09/08/2018An OPEC and non-OPEC technical committee will next week discuss proposals for... -
09/06/2018Oil Minister Bijan Namdar Zanganeh said Iran’s annual ethane production has increased by 60% over the course of four years to March 2018, amounting to 6 million tons, and is slated to observe a big... -
09/06/2018Oil prices fell on Wednesday as a tropical storm hitting the US Gulf Coast weakened and had a lower impact on production than initially expected. US West Texas Intermediate crude futures were at $... -
09/04/2018In line with the Energy Ministry's push to boost output from joint hydrocarbon reservoirs, Iran's Petroleum Engineering and Development Company (PEDEC) is making efforts to ramp up crude production... -
09/03/2018Raising production at South Azadegan Oilfield in the oil-rich Khuzestan Province tops the priority list of the Petroleum Engineering and Development Company (PEDEC) in the current Iranian year (... -
09/03/2018Operations to drill 11 offshore wells in the Persian Gulf are being carried out by the Iranian Offshore Engineering and Construction Company, the contractor of South Pars Phase 14 said on Sunday... -
09/02/2018The equipment needed in South Pars Phase 11offshore venture, which is expected to be developed by China National Petroleum Corp and Iran’s state-owned firm Petropars, will cost $2.8 billion,... -
09/02/2018To complete the development project of South Pars Phase 14, loading operations to transfer satellite platform 14C for installation in the Persian Gulf were carried out in the yard of Iran Marine... -
09/01/2018The National Iranian Oil Company's exports have plummeted sharply since the beginning of August, as traditional customers like China, Japan and India have curtailed their purchases in view of the... -
08/29/2018Projects to connect 10 towns and 1,900 villages across the country to the national gas have been completed and new subscribers will join the grid this week, the National Iranian Gas Company's... -
08/29/2018The National Iranian Drilling Company is scrutinizing proposals presented by the Italian giant oil company Eni as well as Russia's Lukoil to undertake drilling projects in Iraq. Karam Ali Naderi,... -
08/28/2018Three gas refineries of South Pars Gas Field in the southern Bushehr Province will come on stream by the end of the current Iranian year (March 20, 2019), the managing director of South Pars Gas... -
08/26/2018Iran’s Oil Ministry has banned the import of 84 oil equipment manufactured to support domestic parts makers, a ministry official said. Parviz Sangin added that the equipment, including wellhead...
