Iran Oil and Gas News

Attracting foreign and domestic investments to develop oil and gas fields is among main priorities of the National Iranian Oil Company, as it will secure energy supply in the future, the oil…

The National Iranian Oil Company is ready to return to the global crude oil market as quickly as possible, the oil minister said. “International market needs more Iranian oil, which can help…

Exporting gas through pipelines can help strengthen ties between countries, as the resulting interdependence helps establish better relations with neighboring states, said the deputy director…

Tehran is ready to expand cooperation with Russian firms in the fields of oil and natural gas, as energy contracts are expected to be signed soon. Iran’s Oil Minister Javad Owji made the…

Iran and Romania have signed a memorandum of understanding, based on which Iran will export technical and engineering services to Romania’s gas sector. The MoU is the first of its kind for Iran…

Iran has the infrastructure for increasing gas import and swap with neighboring countries to 40 million cubic meters per day, or 15 billion cubic meters per year, the oil minister said.

The natural gas swap deal between Iran and Turkmenistan has become operational. Iran’s Oil Ministry has announced that the gas swap agreement for up to 2 billion cubic meters per year took…

The steel sector accounts for 5% of Iran’s daily natural gas consumption of 800 million cubic meters that is negligible compared to the industry’s revenue-generating potential, the Oil Ministry'…

MAPNA Group has been tasked with the development of Shourijeh natural gas storage facility in the northeastern Khorasan Razavi Province by the Iran Gas Engineering and Development Company.

Tehran’s Oil Tech Park, which is affiliated with the Oil Ministry, has signed four collaboration agreements with domestic technology entities to utilize their smart solutions in the conventional…

Iran’s total gas production capacity will increase by 130 million cubic meters per day in the next Iranian year (March 2022-23), managing director of the National Iranian Oil Company said.

Iran's recoverable oil reserves are estimated to be 100 billion barrels, of which 30% can be extracted, managing director of the National Iranian Oil Company said.

The executive operations of the project to recover flare gas have been launched at Zagros Petrochemical Company in Asalouyeh, Bushehr Province, on Thursday. Estimated to cost $3.37 million, the…

Iran and Azerbaijan are expected to finalize a number of energy agreements, including the joint development of oilfields in the Caspian Sea. Oil Minister Javad Owji made the statement after…

Iran's Oil Ministry has signed a collaboration agreement with the Vice Presidential Office for Science and Technology for the avowed goal of bridging the technological gap in the domestic…

With the decline in temperature across Iran in the past few days, gas consumption in households has set a record high at the weekend, the oil minister said. “Domestic gas consumption surpassed…

A transition to renewables is underway across the world to address climate change and natural gas as an indispensable part of the global energy mix, as it can play a key role to help the world…

The National Iranian Gas Company has no plans to hike natural gas tariffs, but heavy consumers in the household sector will be imposed a surcharge as of Nov. 22, the oil minister said.

The export of petroleum products, including liquefied natural gas, diesel and gasoline, that was temporarily halted in the past several weeks is expected to get back to normal soon, the oil…

The Oil Ministry is to invest $4.5 billion for the development of the upstream gas sector in the Fars Province, the oil minister said on Thursday while visiting the southern province.

Daily gas consumption between Sept. 23 and Oct. 7 (the first two weeks of fall) increased by 30 million cubic meters compared with the same period of last year, the National Iranian Gas Company’…

Iran is ready to help solve the global energy crisis by exporting its oil and derivatives, the country’s oil minister said, adding that the American and European decision-makers should learn…

The National Iranian Gas Company is ready to renew its gas export contract with Iraq.                              …

The National Iranian Oil Company has prepared a long-term plan to attract foreign and domestic investments worth $145 billion over the next four years. Oil Minister Javad Owji made the…

The development of oil and gas fields shared with neighboring states is a top priority, but unfortunately the Oil Ministry has long been grappling with financial constraints, a lawmaker from…