Iran Oil and Gas News

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 ....

  • SP Phase 14 Drilling to End  by March 2019
    06/24/2018
    Drilling 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...
  • Almost 40% of Middle East’s gas consumption take place in Iran.
    06/24/2018
    Iran 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...
  • 1st Pars Oil Cargo Exported
    06/24/2018
    National 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...
  • OPEC reached an agreement with Russia in 2016 to keep 1.8 million bpd off the market.
    06/21/2018
    Oil 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...
  • NIOC Needs to Maintain Current Output, Exports
    06/20/2018
    Despite 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...
  • Strengthening Local Enterprises Should Be NIOC Priority
    06/19/2018
    The 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...
  • Oil Ministry to Modify Contracts With Domestic Parts Producers
    06/18/2018
    The 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...
  • OPEC will meet with partners in Vienna, Austria, on June 22-23.
    06/17/2018
    Iran, 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...
  • Gazprom Mulls Over Farzad Gas Projects
    06/17/2018
    Gazprom, 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. "...
  • Weak Diplomacy Impedes Gas Export Development
    06/17/2018
    Weak 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...
  • Gas Transfer Capacity in South Pars Increases
    06/17/2018
    Pipelines 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...
  • 4% of Oil Projects' Value for Underdeveloped Regions
    06/14/2018
    The 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...
  • Armenia is due to receive up to 600,000 cubic meters more gas from the current level of 1 mcm per day.
    06/13/2018
    Armenia 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...
  • South Azadegan Oilfield is estimated to hold 33 billion barrels of oil in place.
    06/13/2018
    The 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...
  • IGAT-6 includes establishment of over 600 kilometers of 56-inch diameter pipeline.
    06/11/2018
    The 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...
  • The West Karoun block holds 67 billion barrels of oil in place.
    06/11/2018
    National 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....
  • Zanganeh: Oil Output to Rise by 460m Barrels in Three Years
    06/11/2018
    Oil 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...
  • Kish Gas Field Drilling Project to End in Winter
    06/10/2018
    Drilling 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...
  • 3 SP Platforms to Be Installed by Sept. 22
    06/02/2018
    Three 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...
  • GECF is an intergovernmental organization of 12 natural gas producers.
    06/02/2018
    Gas 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...
  • Oil prices have hit their highest since late 2014, rising above $80.50 a barrel this month.
    06/02/2018
    Oil 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...
  • Deadline for Total to Get  US Sanctions Exemption
    05/31/2018
    Iran’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...
  • Iran aims to raise its refining capacity by attracting domestic and foreign investments.
    05/30/2018
    A 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...
  • The Finnish firm concentrates on producing machines and methods that facilitate the various stages of extractive metallurgy and mineral processing.
    05/30/2018
    Finnish 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...
  • India's Iran Oil Imports Stable
    05/30/2018
    Indian 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...

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