Iran Oil and Gas News

Iran has never been a threat to energy security, nor will it ever pose a risk to it, as insecurity in the region is against its national interests. Oil Minister Bijan Namdar Zanganeh made the…

Foreign natural entities are allowed to place an order for crude oil offered in Iran Energy Exchange (IRENEX), a move to facilitate foreigners’ participation in Iran’s energy market. …

Delinking current expenditures from oil revenues must be given high priority, the head of Energy Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture said.

The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales,…

The letter of association drawn up to clarify the terms of cooperation between OPEC and non-OPEC members is not binding and will not impact the half-a-century old organization. Oil Minister…

Members of the Organization of Petroleum Exporting Countries should hold consultations among themselves first on oil policy before striking deals with producers outside the bloc, Oil Minister…

More than 183,000 tons of hydrocarbon products valued at 10 trillion rials ($74.34 million) were traded in the Iran Energy Exchange spot market in the last Persian month to June 20. …

Oil Minister Bijan Namdar Zanganeh says his ministry is ready to issue licenses for constructing small oil refineries in the border regions. "Building refining centers with a maximum 100,000…

The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to US sanctions for Baghdad, two government sources said on Saturday.…

A large natural gas gathering facility became operational Saturday in Khangiran gas field, northeast of Mashhad in Khorasan Razavi Province. The facility will stockpile 10 million cubic meters…

Iran will stay in the Organization of the Petroleum Exporting Countries despite some of the member states hostility, the Oil Minister said. According to the parliamentary news website ICANA,…

Gas exports rose by 622 million cubic meters in fiscal 2018-2019 compared to the corresponding period last year. Data released by the National Iranian Gas Company news portal shows 38.6 mcm of…

Two 2 million barrels of natural gas condensate is on offer at discounted prices in the international ring of the Iran Energy Exchange today (Monday).  Amirhossein Tebianian, the National…

Gazprom is exploring the possibility of participating in Iran's oil and gas development projects, deputy CEO of Russia’s top gas producer said Tuesday. "As of today we are reconsidering our…

Oil Minister Bijan Namdar Zanganeh said Tuesday the National Iranian Oil Company has invited the Indian consortium led by ONGC Videsh Ltd (OVL) to negotiate for the last time on the development…

Weeks 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…

Iraq can continue importing Iranian natural gas and power until June, said Joey Hood, charge d’affaires of the US mission in Iraq. 

National 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…

National 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…

In 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.…

European 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…

Oil 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…

State-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…

Iranian 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…

The National Iranian Oil Company and Iraqi oil officials explored ways to boost cooperation in Tehran on Friday.