Iran Oil and Gas News

Total, Petronas and Inpex Corporation have presented development plans for the South Azadegan Oilfield, leading the line of international energy majors wanting to return to Iran's oil and gas…

Iranian oil export to Turkey increased more than two times to 211,101 barrels per day during the first quarter of 2017 from the same period last year. According to the statistics released by…

Gasoline imports reached 10 million liters per day on average since the beginning of the current fiscal in March, down almost 2 million liters from the previous fiscal, the National Iranian Oil…

Iran and Russia inked a roadmap for cooperation in the energy sector at the 21st St. Petersburg International Economic Forum (SPIEF 2017) as Russian companies expressed interest in developing Iran…

Oil Minister Bijan Namdar Zanganeh says Iran plans to raise crude oil output by 700,000 barrels per day in the long run, a decision that does not interfere with OPEC's short term reduced supply…

Iran has received more than $4 billion from the Emirates National Oil Company (ENOC) as part of the country’s retailer’s settlement of its debts owed to Iran for pre-sanction oil and gas purchases…

A major oil terminal is being built in the port of Jask in the southern Hormozgan Province which will have the capacity to store up to 30 million barrels and export 1 million barrels per day of…

Austrian integrated oil and gas company, OMV, is expected to secure the development rights for an oilfield in the southern Khuzestan Province.

The unexpectedly negative reaction of global markets to OPEC's decision on extending crude supply cuts into next year is temporary and prices will gain ground, says Iran's Oil Minister…

Tehran hopes to sign groundbreaking deals with oil majors such as Total and Lukoil this year as the reelection this month of Hassan Rouhani to the presidency should boost investments.

It is unlikely that Iran will reduce its crude oil output but will go along with an OPEC decision to extend supply cuts to help boost prices, Oil Minister Bijan Namdar Zanganeh said.

"Iran…

A delegation of private companies and investors from the British Chambers of Commerce explored opportunities for cooperation in Iran's South Pars megaproject in a meeting in Tehran last week.

The oil minister on Monday laid out policies and plans to further boost crude oil and gas production and said Iran needs to invest $200 billion in its key energy sector over five years.