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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November 16,2019Sale of gasoline on the Iran Energy Exchange will not be affected by the government decision on Friday to increase fuel prices and assign quotas, the managing director of IRENEX said. “The price... -
November 10,2019A new oil field was identified in southwest Iran that holds 53 billion barrels of crude oil, President Hassan Rouhani said in Yazd on Sunday. “Exploration department of the National Iranian Oil...
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November 09,2019After failing to attract customers for crude oil offered on the Iran Energy Exchange, the National Iranian Oil Company says it plans to again tweak rules and procedures in the process, an official...
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November 01,2019Oil has always been a function of the international market, so setting up local energy markets cannot help the National Iranian Oil Company sell crude on a long-term basis, a veteran financial...
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October 30,2019The National Iranian South Oil Company seeks to further reduce flaring and burning of associated petroleum gases from oil and gas sites in the southern and southwestern regions it operates,...
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October 13,2019A new gas field has been discovered in southern Fars Province after surveys that lasted a year, director of development and engineering affairs at the National Iranian Oil Company said Sunday....
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October 08,2019The oil industry has been a driving force for local upstream and downstream companies including private enterprise working for or related to oil in some form or fashion. Oil Minister Bijan Namdar...
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October 02,2019Unilateral sanctions against Iran's oil sector are yet another example of the belligerent US President Donald Trump’s economic terrorism against the Iranian people. Oil Minister Bijan Namdar...
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September 28,2019The Research Institute of Petroleum Industry is implementing several projects in the fields of oil exploration, drilling, extraction, catalyst production and energy saving, the head of RIPI said...
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September 27,2019Collecting all the flare gas in Khuzestan Province requires $3.5 billion of investment, the province’s governor said. Visiting Amir Kabir Petrochemical Company in the Petrochemical Economic...
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September 23,2019Selling gasoline via the Iran Energy Exchange on average generates $200 million a week, the managing director of IRENEX said. “Over the past seven weeks more than 100,000 tons of gasoline was...
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September 14,2019Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company, signed a $440m contract Saturday with domestic company Petropars to develop Belal Gas Field in the Persian Gulf. The...
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September 13,2019Utility companies that offer electricity on the energy bourse will be eligible for 10% tax exemption, head of the Iran Energy Exchange said. Industrial units with electricity consumption of above...
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September 04,2019Standard parallel salaf contracts worth 25 trillion rials ($213.6 million) were sold in the Iran Energy Exchange Sept.3-4 to finance oil projects.
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September 02,2019Crude oil and the derivatives supply chain has extended by another 700 kilometers, managing director of the Iranian Oil Pipeline and Telecommunication Company's Tehran office said on Monday. "The...
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September 02,2019While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports, its oil product sales remain strong at nearly $500 million a month, shipping data and Reuters calculations...
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August 27,2019High octane gasoline weighing 3,000 tons was sold in the international ring of Iran Energy Exchange on Tuesday. It was offered by the National Iranian Oil Product Distribution Company at a base...
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August 21,2019To reduce gas flaring in Khuzestan Province to zero the construction of a plant to collect 1.5 million cubic meters of associated petroleum gas, or APG, per annum is completed, managing director of...
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August 17,2019Private sector in Iran cannot make miracles happen in international oil business under the sanctions regime as it was never trained for a large and unknown market. Head of the Iranian Oil Products...
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August 14,2019Increasing crude recovery rate by 1% is equivalent to adding seven billion barrels to production, says the head of the department overseeing performance of reservoirs in the National Iranian Oil...
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August 12,2019On government behalf the Economy Ministry will offer standard parallel salaf securities for crude oil worth 50 trillion rials ($427 million) today (Tuesday). The Iran Energy Exchange will host the...
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August 10,2019Light crude oil will be offered Tuesday in the international ring of Iran Energy Exchange, according to a notice on the IRENEX website.
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August 07,2019Studies are being undertaken for laying a pipeline to connect Kish Gas Field to refineries in South Pars Gas Field and Fajr Jam Gas Refinery in Bushehr Province, managing director of Pars Oil and...
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August 04,2019Enthusiastic buyers purchased the entire 5000 tons of Iranian octane 95 gasoline offered on the Iran Energy Exchange on Sunday, according to data available on the IRENEX online bulletin board. ...
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August 04,2019The wildest dream of the National Iranian Oil Refining and Distribution Company of self-reliance in gasoline production and export has finally come true. The company's output now exceeds...
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