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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July 18,2021The National Iranian Oil Company is ready to export crude oil from its new terminal at Jask off the Sea of Oman, the head of NIOC said. “The construction of the 1,000-km Goureh-Jask oil pipeline... -
July 06,2021Iran Energy Exchange is to launch futures contracts for petroleum products in near future, the IRENEX chief said. “The Securities and Exchange Organization approved the guidelines last week to...
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July 02,2021The next oil minister should help boost exports and restore Iran’s lost market share, which has been damaged by US sanctions, Oil Minister Bijan Namdar Zanganeh said after the 181st Meeting of the...
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June 21,2021Seismic surveys carried out by Khazar Exploration and Production Company, a subsidiary of the National Iranian Oil Company, have shown the likely presence of a massive hydrocarbon formation in ...
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June 18,2021The first shipment of casing pipes required for the development of Forouzan Oilfield is being transported to the field in the Persian Gulf, managing director of Petropars Group, which is in charge...
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June 18,2021An oil and gas tech park has been launched in Tehran with the support of the Vice Presidential Office for Science and Technology to expedite the key sector’s development.
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June 15,2021Natural gas consumption has experienced a 51% growth in the last eight years, the head of National Iranian Gas Company, a subsidiary of the National Iranian Oil Company, said. “Gas consumption...
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June 08,2021The National Iranian Oil Company paid $35 billion in natural gas subsidies in 2020, up 35% compared to 2018. Oil Minister Bijan Namdar Zanganeh made the statement in a parliamentary hearing on...
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June 01,2021Iran will have no difficulty finding customers for its oil. Oil Minister Bijan Namdar Zanganeh made the statement on Monday in Tehran in a ceremony to sign an agreement with five domestic...
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May 17,2021The National Iranian Oil Company signed an agreement with the domestic oil company Petropars to develop the Farzad B Gas Field in the Persian Gulf that is shared with Saudi Arabia. The $1.8...
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May 15,2021A project to drill oil in the Moghan Plain, Ardabil Province, will start by July, the project manager said. “An onshore drilling rig owned by the National Iranian Drilling Company is on the way...
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April 13,2021Iran's Oil Ministry will invest $80 million in startups and knowledge-based firms, the oil minister said.
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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...
