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 28,2019Weeks after India stopped oil imports from Iran, the Modi government is keen to resume supply from the country and is looking at ways to make payments in Indian rupee to get around US sanctions,... -
May 24,2019Iraq can continue importing Iranian natural gas and power until June, said Joey Hood, charge d’affaires of the US mission in Iraq.
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May 21,2019National Iranian Oil Company found no buyers at its 10th round of crude oil offer on the Iran Energy Exchange, despite the Oil Ministry's efforts to improve the purchasing terms, IRENEX data shows...
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May 19,2019National Iranian Oil Company has employed new tactics and chosen new destinations in shipping oil following the re-imposition of US sanctions, maritime affairs deputy director at Iran’s Ports and...
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May 18,2019In a move to facilitate crude oil sale on the Iran Energy Exchange, the National Iranian Oil Company has adjusted some of its purchasing terms for the next round of offer scheduled for May 21. ...
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May 15,2019European companies can purchase crude from Iran as some of them do not have commercial interest in the United States and do not need to be concerned about US sanctions, the head of Iran’s Strategic...
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May 13,2019State-owned National Iranian Oil Company raised the official selling price differentials for all of its crude oil grades loading in June and headed to Asia by 35-65 cents per barrel from May, a...
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May 13,2019Oil production in flood-hit Khuzestan Province in the southwest is back to normal, the managing director of National Iranian South Oil Company said Sunday. “Only a few wells remain closed because...
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May 07,2019Iranian Offshore Oil Company, a subsidiary of the National Iranian Oil Company, has not cut offshore crude output nor stopped loading oil for export, managing director of the company said Monday...
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May 04,2019The National Iranian Oil Company and Iraqi oil officials explored ways to boost cooperation in Tehran on Friday. According to Shana, the Oil Ministry news portal, Ramin Qalambor Dezfouli, NIOC...
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May 03,2019Unilateral measures to cut Iranian oil exports to zero will not produce the results desired by the Trump White House.
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May 01,2019The value of trade in the Iran Energy Exchange (IRENEX) touched 171 trillion rials ($ 1.17 billion) in the last fiscal (ended March 20) – up 126% compared to the year before, the IRENEX boss said...
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April 30,2019Asia's crude oil imports from Iran rose to the highest in eight months in March as buyers rushed for more cargoes to take advantage of waivers to the sanctions the United States imposed, data from...
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April 30,2019In a new round of oil offer on the Iran Energy Exchange, the Iranian National Oil Company sold 70,000 barrels of heavy crude on Tuesday. The company had offered 1 million barrels of heavy crude...
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April 28,2019The National Iranian Oil Company generated $8.6 billion from selling five petroleum products namely gasoline, diesel, mazut, kerosene and liquefied gas in the fiscal 2017-18, Fars news agency said...
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April 26,2019Turkey is trying to convince the United States to allow refiner Tupras, its biggest oil importer, to continue buying crude oil from Iran free of sanctions, Foreign Ministry spokesman Hami Aksoy...
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April 26,2019Oil Minister Bijan Namdar Zanganeh says Saudi Arabia and the United Arab Emirates presumably overstate their ability to produce higher levels of crude oil as demanded by the United States. “I...
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April 22,2019Iranian Offshore Oil Company has increased its crude output from Doroud Oilfield after conducting repairs on the field's main wells. According to the National Iranian Oil Company's news portal,...
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April 22,2019The US administration said on Monday that it will not renew waivers that let countries buy Iranian oil without facing sanctions, a move that roiled energy markets and risks upsetting major...
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April 16,2019Despite the recent floods there has been no report of oil spill in Khuzestan Province oilfields, most of which are located in or near the famous Hoor al-Azim Wetland, the production manager of...
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April 15,2019Having hosted eight crude oil auctions since last year, Iran Energy Exchange is adapting to the possible needs of potential customers with the belated advent of the black stuff to its trading...
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April 15,2019Oil Minister Bijan Namdar Zanganeh said Monday US sanctions on Iran and Venezuela plus the renewed military conflict in Libya are contributing to instability in the international oil markets. "Oil...
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April 13,2019Crude oil and gas condensate loading from Iranian oil terminals, namely Kharg in the Persian Gulf, increased 12% to 1.70 million barrels per day in March, the highest since last October. "Major...
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April 09,2019A new round of crude oil offer on the Iran Energy Exchange ended Tuesday without any trade. The offer was the eighth of its kind and the first in the new fiscal that started on March 21. ...
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April 09,2019Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member, four sources said...
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