Iran Oil and Gas News

More than 28 million barrels of gasoline were sold at the international ring of Iran Energy Exchange on Wednesday -- a record both in terms of value and volume. The gasoline was worth 230…

Oil byproducts worth $100 million were traded in the international ring of the Iran Energy Exchange in the month to October 18.  Gasoline was at the top of list with total trade value of $…

An estimated 880 million cubic meters of gas will be injected into the Iran Gas Trunkline (IGAT) per day in winter (Dec 21, 2020 and March 20, 2021) to meet projected rise in winter demand, head…

The Ministry of Economy on Sunday offered to settle payment to holders of Islamic bonds by delivering crude oil.  In a notice published on its news portal, Shada.ir, the ministry said the…

So long as the Organization of the Petroleum Exporting Countries defends Iran’s legitimate interests alongside other members, Tehran will support the group, Iran's OPEC governor said.

The first phase of a gas condensate loading and export facility became operational on Thursday in Dayrestan, a village in Shahab District, Qeshm Island in Hormozgan Province. The terminal has…

Oil products costing $108 million were traded in the international ring of the Iran Energy Exchange in one month to August 15.  Heavy naphtha was the main item with a total of value of $36…

The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and gas companies on…

Iran Energy Exchange announced Sunday that the plan to offer parallel salaf contracts to be backed by crude oil exports has been postponed.  In a notice on its website, it’s public…

The National Iranian Oil Company plans to offer standard parallel salaf contracts for 520,000 barrels of heavy crude oil via Iran Energy Exchange.   As per a notice published on the codal.…

Value of trade at the Iran Energy Exchange surged in the first four months of current fiscal year (March 20-July 21).  Data from IRENEX shows more than 295.82 trillion rials ($1.2 billion…

A leak in a subsea oil pipeline from Abouzar Oilfield (in the Persian Gulf) to Kharg Island and Bandar Genaveh in Bushehr Province has been fixed and the oil spill is being cleaned up. The…

The three priorities of the gas industry is people’s welfare, injection into oil wells to increase efficiency, and use in industries. Export of gas is down the line in fourth place, a spokesman…

National Iranian Oil Company has signed a contract with Persia Oil and Gas Industry Development Company to develop Yaran joint oilfield in Khuzestan Province.

The Oil Ministry will suspend exporting gas condensates and instead refine it domestically in petrochemical plants and refineries to produce value-added goods including gasoline and naphtha, the…

An Iranian tanker carrying gasoline has arrived over the weekend in Venezuelan territorial waters as the country deals with severe fuel shortages and US sanctions. The clean tanker Fortune --…

The 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…

Petroleum 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…

Crude 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…

The 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…

A 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…

Gasoline 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…

After 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…

Export 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…

Export 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…