Iran Oil and Gas News

The 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.

Iran'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…

Operations 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…

The 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…

The 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…

Transferring 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…

The 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…

Attracting 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…

Iran 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…

Iran 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…

A 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…

The 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.

Iraq'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…

Iraqi 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…

Iran 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…

Trade 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…

By 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…

Iran has agreed to revive a long-stalled project to lay an undersea pipeline to carry gas to Oman. The country sits on one of the world’s largest gas reserves that Oman has been eying, as it…

Iran is ready to start gas swap with Turkmenistan to increase gas exports to Armenia, Oil Minister Javad Owji said. In a meeting with Armenian Minister of Territorial Administration and…

The National Iranian Oil Company plans to sign a $7.5-billion contract on the development of joint fields with a consortium of domestic companies, managing director of NIOC said. 

Iraq has reached new agreements with Iran to increase natural gas import, the spokesman of Iraq’s Ministry of Electricity said. “Iran has agreed to increase gas supply to Iraq from 8 million…

Iran Gas Engineering and Development Company has completed pipe-laying operations to transfer natural gas from Zahedan to Zabol in southeastern Sistan-Baluchestan Province, managing director of…

Subsea pipe-laying operations are underway to connect the Persian Gulf’s largest island, Qeshm, to the national gas grid, managing director of Iran Gas Engineering and Development Company said…

The state-run National Iranian Gas Company injected close to 256 billion cubic meters of gas into the Iran Gas Trunkline (IGAT) in the last fiscal year that ended on March 20, 2022, the head of…

Attracting domestic and foreign investments for the development of upstream oil and gas sectors tops the Oil Ministry’s priority list, as it is essential to ensure the security and supply of…