Iran Oil and Gas News

Selling 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…

Pars 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…

Utility 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…

Standard parallel salaf contracts worth 25 trillion rials ($213.6 million) were sold in the Iran Energy Exchange  Sept.3-4 to finance oil projects.  In the first stage of the initial…

Crude 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.

While 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…

High 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…

To 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…

Private 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.

Increasing 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…

On 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…

Light crude oil will be offered Tuesday in the international ring of Iran Energy Exchange, according to a notice on the IRENEX website.  Two million barrels of oil belonging to the…

Studies 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…

Enthusiastic 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.…

The 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…

For the first time in the history of Iran’s oil industry, 3,000 tons of Euro-5 gasoline was sold via the international ring of Iran Energy Exchange.   The sale was part of a total of…

Construction of a 1,100km 42-inch diameter pipeline to transfer crude oil to the southeastern port of Jask in Hormozgan Province is going ahead as planned, managing director of the Petroleum…

All industrial units are expected to be connected to the national gas grid by the end of 2021, head of the National Iranian Gas Company said Saturday. "There are close to 102,000 industrial…

New oil and gas projects cannot be developed under sanctions unless new contracts are designed, a senior energy analyst and former head of Iran's Petroleum Contracts Committee said.

China’s still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation. Official customs data on Friday showed China imported…

Following the contract signed between Iran and Pakistan in 1999 to complete a gas pipeline to help address Pakistan’s electricity problems, Tehran has fulfilled its commitments regarding…

Increasing crude oil refining capacity can be seen as a viable option to help evade US sanctions in the short term, says a senior consultant and manager for the Middle East oil research…

The Oil Ministry is at the forefront of fighting the US sanctions, but some power circles criticize it under the name and banner of protecting national interest.

So long as Tehran is grappling with the unending and hostile US economic sanctions, criticizing the government, especially the Oil Ministry and its subsidiaries, is not called for because it…

NGL 3100, an under-development gas venture to collect and process associated petroleum gas from oilfields in Ilam and Dezful, will be fed with as much as 6 million cubic meters of gas per day,…