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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January 24,2023The National Iranian Oil Company is projected to sell 1.4 million barrels per day of crude oil at $85 as per the budget law of next Iranian year (March 2023-24), partly by using a barter system.... -
January 16,2023As long as the Financial Action Task Force, the global anti-money laundering watchdog, does not remove Iran from its blacklist, the country cannot have a say in the global oil and gas markets, an...
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December 16,2022Iran’s gas consumption in the domestic and commercial sectors is predicted to reach 650 million cubic meters per day in the first month of winter (Dec. 22, 2022-Jan. 20, 2023), the head of the...
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December 11,2022Iran has more than 33 trillion cubic meters of proven gas reserves, accounting for 16.6% of the world’s total. This makes it the world’s second biggest after Russia. For this precise reason it...
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October 26,2022As long as Iran does not establish good relations with the international community, increasing natural gas export capacity will remain a dream, a former deputy oil minister for international and...
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October 14,2022Tehran and Ankara have started the first phase of negotiations to renew a natural gas contract that expires in 2026, the head of dispatching operations at the National Iranian Gas Company said. “...
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October 10,2022Russian gas producer Gazprom is devising a comprehensive plan to develop six oilfields and two gas fields in Iran, and expects to sign contracts by the end of the current Iranian year (March 2023...
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October 09,2022The export of natural gas to Europe via pipelines is wishful thinking, as neither Russia nor the US will allow Iran to enter such a lucrative market, the former managing director of National...
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October 02,2022The government has approved the outline for allocating $1 billion to invest in natural gas projects and guarantee the repayment of investments, the oil minister said. “The fund is set to assist...
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September 27,2022Iran's gas exports have increased by 19% in the first five months of the current Iranian year (March 21-Aug. 22), compared with the same period of last year, managing director of the National...
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September 19,2022Operations to replace the first Iran Gas Trunkline (IGAT-1) with a new pipeline has registered 80% progress, managing director of the state-run Iran Gas Engineering and Development Company, a...
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August 27,2022The National Iranian South Oil Company has produced an average of 1.77 million barrels per day of crude oil during August 2021-22, which shows an increase of 16% compared with the same period of a...
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August 27,2022The National Iranian Gas Company and Russia’s oil and gas giant Gazprom will soon finalize a natural gas swap deal in Moscow, as fruitful talks have been held between the two sides. Iran’s Oil...
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August 23,2022Transferring natural gas to power plants, industries and households on Kish Island in the Persian Gulf off the southern coast of Iran will help save 7,000 tons of liquefied petroleum gas and 500...
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August 09,2022The Iraqi Ministry of Electricity says it is in talks with Iran to increase natural gas imports from its eastern neighbor. According to Ahmed al-Ebadi, a ministry spokesman, the volume of gas...
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July 20,2022Attracting foreign and domestic investments for the development of joint hydrocarbon fields is a top priority of the National Iranian Oil Company, as the key oil sector has long been the main...
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July 16,2022Iran Energy Exchange is collaborating with the National Iranian Oil Company on plans to launch commodity-linked certificate of deposits backed by oil and energy carriers. Ali Naqavi, the IRENEX...
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July 02,2022Iran ranked third in terms of gas production last year, after the US and Russia, with 256.7 billion cubic meters, according to BP’s latest annual statistical review of world energy. The report...
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July 01,2022A rise in Iranian oil supplies is what the global oil market needs now, as worsening energy security and market volatility will be a lose-lose game for all the sides involved, the oil minister said...
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June 27,2022The state-run National Iranian Gas Company produced an estimated 232 billion cubic meters of natural gas in the last fiscal year (ended March 20, 2022), the head of NIGC said. “Of the output, 215...
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June 17,2022Iraq's Ministry of Electricity announced on Tuesday that it will settle its gas dues to Iran within two days. Ahmed Musa, the ministry spokesman, made the statement in an interview with Iraqi News...
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June 08,2022Iraqi debts to Iran for electricity and natural gas imports has surpassed $5 billion, a board member of the Iranian Oil, Gas and Petrochemical Exporters Association said. “Iraqi officials claim...
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June 08,2022Iran continued to export more than 1 million barrels of oil per day in the first two months of the current Iranian year (March 21-May 21), which is 40% higher than what Iran sold in the same period...
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May 28,2022Trade in the Iran Energy Exchange (IRENEX) reached 1,480 trillion rials ($4.9 billion) in the last fiscal year that ended on March 20. According to Ali Naqavi, managing director of IRENEX, this...
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May 23,2022By using cutting-edge technologies of startups, it is possible to enhance oil and gas output capacity from hydrocarbon reserves in abandoned wells, the head of the Oil Industry Technology and...
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