Iran Oil and Gas News

The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, has signed a memorandum of understanding with the Polish EXALO Drilling SA to cooperate in oil and gas…

Oil prices rose more than 3% on Wednesday, hitting 3-1/2-year highs, after US President Donald Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the…

Germany's Raschig and Iran's Research Institute of Petroleum Industry have signed a memorandum of understanding on gas sweetening towers.

This is while another German major industrial…

Preserving the current oil output level and making efforts to boost extraction from the country's massive hydrocarbon reserves top the lucrative oil industry's list of priorities.

As soon as maintenance operations in oilfields' installations are completed, the country's oil output can easily exceed 4.5 million barrels a day, chief executive officer of the National Iranian…

The 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition was inaugurated by Iran's Oil Minister Bijan Namdar Zanganeh in Tehran on Sunday.

In addition to Iranian…

Oil Minister Bijan Namdar Zanganeh said the number of household gas subscribers in the country has increased by over 4.56 million in the past four years.

"Close to 3.14 million…

The National Iranian Gas Company will resume gas supply to combined heat and power (CHP) plants as soon as they settle their unpaid debts, managing director of the company said.

“CHP…

While $80 oil seemed in the clouds just a year ago, it now looks primed for capture. Technical indicators show that the price Saudi Arabia is said to be aiming for may be within reach, with…

The Iranian Oil Pipeline and Telecommunications Company transferred over 5.8 billion liters of petroleum products to five northeastern provinces of the country in the last fiscal year (ended…

Iran's hydrocarbon reserves will last 155 years. Houtan Salari, a deputy at the National Iranian Oil Company, made the statement on the sidelines of "Third Argus Iran LPG and Petrochemical…

Efforts are underway to end gas flaring in two oilfields in the southern province of Khuzestan in the coming months, a senior official at the National Iranian Oil Company said.

A comprehensive overhaul of the oil industry, including renovation of decades-old infrastructures, and investments are needed to develop oilfields and increase crude output.

International energy giants, which can bring investment and technology to the oil-rich Iran, are awaiting the United States’ decision on the Joint Comprehensive Plan of Action, Iran’s nuclear…

An analysis of crude oil production in Iran shows that approximately $21 billion in capital expenditure (capex) will be spent by Iran on oil projects between 2018 and 2021, to ensure that…

Iran sees the potential to raise its crude oil production capacity by more than 50% in the long run, while plans are in place to ramp up output to 4.5 million barrels per day in four years.

Close to 780 million barrels of oil were exported from Iran’s largest oil loading and export facility, the Kharg Oil Terminal, in the previous fiscal year that ended on March 20, 2017, Iran Oil…

Moscow and Tehran may soon agree upon conditions for the sale of 100,000 barrels of oil per day, according to the Russian energy minister.

Iran can start deliveries to Russia under the "…

Iran is ready to ramp up oil swap capacity after receiving the first batch of crude oil from the Caspian Sea in seven years for swapping through the Persian Gulf, the director of Iranian Oil…

Studies conducted by the National Iranian South Oil Company over the last four years show Iran’s recoverable crude oil reserves have increased by 4.4 billion barrels, the managing director of…

Iranian Oil Minister Bijan Namdar Zanganeh said the gas contract signed with energy major Total this month will be a technological milestone that will help Iran lift its gas production and revenue…

French energy giant Total S.A. signed a groundbreaking deal on Monday to develop Phase 11 of the South Pars Gas Field in the Persian Gulf, becoming the first major oil and gas company to return…

Iran plans to sign a contract to develop its giant South Pars Gas Field with France's Total on Monday, the first major European energy investment since sanctions against Tehran were lifted over a…

Oil Minister Bijan Namdar Zanganeh said Iran aims to increase crude oil production by around 200,000 barrels a day before the fiscal year is out in March 2018.

"Iran's oil output will reach…

Crude oil exports from the Kharg Oil Terminal in the Persian Gulf stood close to 780 million barrels in the fiscal year that ended in March 2016, or around 2.1 million barrels daily, managing…