Iran Oil and Gas News

Unilateral measures to cut Iranian oil exports to zero will not produce the results desired by the Trump White House. 

The 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…

In 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…

Asia'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…

The 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…

Turkey 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…

Oil 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…

The 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…

Iranian 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…

Despite 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…

Having 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…

Oil 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…

Crude 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…

A 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. …

Indian 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…

Pipe laying to expand crude oil and derivatives supply is expected to be completed soon, chief executive officer of the National Iranian Oil Refining and Distribution Company said. "The 400-km…

In delineating the performance of Iran Energy Exchange in the current fiscal that ends on March 20, managing director of IRENEX says the value of trade on the market has grown 100% in the…

The seventh crude oil auction on Iran Energy Exchange will kick off on Monday noon in what would be the last attempt by the National Iranian Oil Company to sell crude oil on the stock market in…

National Iranian Oil Company is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as US sanctions start to bite,…

State-owned National Iranian Oil Company has raised the official selling price differentials for all of its four crude oil grades loading in April and headed to Asia, a company source told S…

Boosting liquefied petroleum gas export to international markets is a priority for the National Iranian Gas Company in 2019, the newly appointed head of the company said. "LPG output is on the…

Largely due to the abundance of oil and gas reserves, little if any importance is given in Iran to optimizing energy consumption.  Iranians, especially profligate consumers in Tehran, use…

The National Iranian South Oil Company is to start production expansion and maintenance projects in areas where the Masjed Soleyman Oil and Gas Production Company is operating, the managing…

The National Iranian Oil Company will launch two new offers of crude oil and natural gas condensate on the Iran Energy Exchange before the calendar year is out on March 20.  

As per its earlier announcement, the National Iranian Oil Company on Monday offered one million barrels of light crude oil on the Iran Energy Exchange (IRENEX) but there were no customers.…