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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May 25,2020The government has banned the transit of gasoline, diesel and other petroleum products to neighboring countries until the end of the current year (March 2021). “The decision is in the interest of... -
May 25,2020An Iranian tanker carrying gasoline has arrived over the weekend in Venezuelan territorial waters as the country deals with severe fuel shortages and US sanctions.
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May 19,2020Petroleum products valued at $133 million were traded in the international ring of the Iran Energy Exchange in the fiscal month ending May 16. Gasoline, liquefied natural gas and diesel topped...
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May 18,2020Crude oil and byproducts supply chain has expanded by 512 kilometers in the last 12 months. The 26-inch 292-km Arak-Qom-Tehran pipeline plus the 14-inch 220-km Tabriz-Urmia are now operational,...
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May 17,2020The value of oil, gas and petrochemical exports has declined due to upheavals in the international oil market caused by the coronavirus. The massive quarantines and market closures worldwide have...
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May 15,2020A strong wave of coronavirus resurgence in the southern oil province of Khuzestan has not hampered crude production, the National Iranian Oil Company's deputy managing director for planning said...
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May 13,2020Gasoline inventories are full and the National Iranian Oil Refining and Distribution Company needs to export the fuel, a spokesman of the Petroleum Products Exporters Union said. “Gasoline storage...
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May 06,2020After a long halt due to lack of buyers, oil officials in Tehran resumed trading crude oil at the Iran Energy Exchange on Wednesday. State-owned National Iranian Oil Company put 1 million barrels...
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April 27,2020Export of petroleum products including mazut, diesel and gasoline that was interrupted in the past several weeks is gradually getting back to normal, spokesman of the Petroleum Products Exporters...
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April 14,2020Export of oil, gas and petrochemicals, which were suspended temporarily in March due to outbreak of the novel coronavirus, has resumed as before the respiratory illness struck, a spokesperson for...
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April 12,2020Total value of deals conducted at the Iran Energy Exchange reached 537 trillion rials ($3.35 billion) during the last fiscal year that ended on March 19. The amount was up 171 trillion rials ($1...
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March 04,2020OPEC and its allies need to cut crude output by 500,000 barrels per day to clear the oil market's oversupply from the coronavirus outbreak, Iran’s Oil Minister said upon his arrival in Vienna on...
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February 16,2020Due to the big increase in liquefied fuel consumption over the last few weeks, the National Iranian Oil Company has stopped selling diesel and mazut on the Iran Energy Exchange, the company’s...
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February 15,2020Iran’s capital market is capable of financing half of the domestic oil projects, the CEO of Securities and Exchange Organizations said. The oil industry needs $30 billion in funding, Shapour...
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February 08,2020Iranian National Oil Company and Mapna Group-- Iran's top engineering and energy firm -- signed a contract to develop Parsi and Paranj Oilfields in Khuzestan Province. The deal was signed in...
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February 07,2020The Iranian Oil Pipeline and Telecommunication Company has supplied close to 100 billion liters of crude and petroleum products nationwide since March 2019, managing director of the company said...
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February 03,2020Standard parallel salaf contracts worth 2.5 trillion rials ($20 million) will be offered on the Iran Energy Exchange on Tuesday to finance Azar Oilfield projects.
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January 06,2020Following two rounds of sea delivery of oil products offered on the Iran Energy Exchange, the National Iranian Oil Company has said that it wants to expand such offers. According to Amirhossein...
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January 01,2020Boosting output of petroleum products is a declared policy of the government and has generated $9 billion from exporting liquid fuels, managing director of National Iranian Gas Company said. This...
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December 18,2019Almost a month after Oil Minister Bijan Namdar Zanganeh adjusted the guidelines for crude oil sale via IRENEX, the ministry again tweaked purchasing terms to attract buyers. Amirhossein Tebianian...
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December 08,2019President Hassan Rouhani said Sunday the country has become self-sufficient in the production of natural gas, gasoline and diesel and has started exporting the three fuels.
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December 03,2019Iran is exporting its oil despite the new US sanctions, the first vice president said Monday, adding that Washington’s “maximum pressure” on Tehran has failed. “Despite America’s pressure ... and...
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November 25,2019The National Iranian Oil Products Distribution Company will offer 26,000 tons of gasoline on the Iran Energy Exchange on Tuesday. It is the first offer of the kind through the energy bourse after...
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November 25,2019Natural gas production in the giant South Pars Gas Field in the Persian Gulf will increase by 70 million cubic meters per day before the calendar year is out, managing director of Pars Oil and Gas...
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November 18,2019The Oil Ministry has announced new guidelines for selling crude oil via the Iran Energy Exchange. Procedures that determine base prices have been amended. Announced by Oil Minister Bijan Namdar...
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