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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April 13,2021Iran's Oil Ministry will invest $80 million in startups and knowledge-based firms, the oil minister said. -
April 04,2021The state-run National Iranian Gas Company injected close to 262 billion cubic meters of gas into the Iran Gas Trunkline (IGAT) in the last fiscal year that ended on March 20, up 6% or 16 bcm...
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February 01,2021At least 3% of petroleum revenues should be earmarked for expanding infrastructure in oil-producing provinces namely Khuzestan and Bushehr, but in practice much less has been allocated to these...
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January 29,2021An estimated $50 billion is needed to develop and maintain gas fields across Iran over the next 20 years, managing director of Pars Oil and Gas Company, a subsidiary of the National Iranian Oil...
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January 25,2021Iran set the highest record of oil products export during the past three years when the country was under tough sanctions imposed by the former US administration, the Oil Minister said at the...
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December 15,2020The National Iranian Oil Company aims to produce 4.5 million barrels a day of oil and gas condensate in the next calendar year starting on March 21, the oil minister told lawmakers on Saturday. “...
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December 05,2020Return of normalcy to Iran’s oil export after US president-elect Joe Biden takes office in January and eases the economic siege is way off, a deputy head of the Iran Chamber of Commerce, Industries...
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October 25,2020More than 28 million barrels of gasoline were sold at the international ring of Iran Energy Exchange on Wednesday -- a record both in terms of value and volume. The gasoline was worth 230 trillion...
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October 21,2020Oil byproducts worth $100 million were traded in the international ring of the Iran Energy Exchange in the month to October 18. Gasoline was at the top of list with total trade value of $27.3...
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October 17,2020An estimated 880 million cubic meters of gas will be injected into the Iran Gas Trunkline (IGAT) per day in winter (Dec 21, 2020 and March 20, 2021) to meet projected rise in winter demand, head of...
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September 27,2020The Ministry of Economy on Sunday offered to settle payment to holders of Islamic bonds by delivering crude oil.
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September 16,2020So long as the Organization of the Petroleum Exporting Countries defends Iran’s legitimate interests alongside other members, Tehran will support the group, Iran's OPEC governor said. "All OPEC...
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September 11,2020The first phase of a gas condensate loading and export facility became operational on Thursday in Dayrestan, a village in Shahab District, Qeshm Island in Hormozgan Province. The terminal has six...
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August 21,2020Oil products costing $108 million were traded in the international ring of the Iran Energy Exchange in one month to August 15. Heavy naphtha was the main item with a total of value of $36 million...
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August 17,2020The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and gas companies on...
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August 16,2020Iran Energy Exchange announced Sunday that the plan to offer parallel salaf contracts to be backed by crude oil exports has been postponed. In a notice on its website, it’s public relation office...
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August 14,2020The National Iranian Oil Company plans to offer standard parallel salaf contracts for 520,000 barrels of heavy crude oil via Iran Energy Exchange. As per a notice published on the codal.ir-- an...
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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...
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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...
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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...
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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.
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May 26,2020The Oil Ministry will suspend exporting gas condensates and instead refine it domestically in petrochemical plants and refineries to produce value-added goods including gasoline and naphtha, the...
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May 25,2020The government has banned the transit of gasoline, diesel and other petroleum products to neighboring countries until the end of the current year (March 2021). “The decision is in the interest of...
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May 25,2020An Iranian tanker carrying gasoline has arrived over the weekend in Venezuelan territorial waters as the country deals with severe fuel shortages and US sanctions.
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May 19,2020Petroleum products valued at $133 million were traded in the international ring of the Iran Energy Exchange in the fiscal month ending May 16. Gasoline, liquefied natural gas and diesel topped...
