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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September 11,2021Raising the quality and output of oil refineries and building new refineries are on the agenda of the Oil Ministry to help increase Iran's oil refining capacity by 1.5 times in five years, the new... -
August 30,2021The National Iranian Oil Company needs investment worth $10 billion to refurbish the petroleum industry’s dilapidated equipment, an energy analyst said. “It will be next to impossible to raise oil...
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August 27,2021Strengthening Iran's position in OPEC and retaking its share in the global oil market is among the Oil Ministry’s priorities, new oil minister, Javad Owji, said on Thursday, the first day of his...
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August 23,2021President Ebrahim Raeisi said Iran is not concerned about finding customers for its oil and it has different options to continue the export of crude and oil derivatives. "There are no worries...
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August 22,2021The National Iranian Oil Company’s crude production has experienced a 37% increase in the first five months of the current fiscal year (March 21-Aug. 20) compared with the corresponding period of...
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August 08,2021Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the unfair US sanctions on the country are...
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July 26,2021The construction and installation of six hydrocarbon storage tanks at the Persian Gulf Bidboland Gas Refinery in the southern Khuzestan Province is expected to become complete by fall. “The...
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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...
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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 18,2021An 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 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 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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