Iran Oil and Gas News

Iran's crude oil output and exports have hit new highs in 2023 despite US sanctions, according to consultants, shipping data and a source familiar with the matter, which will add to global…

Upon the completion of projects to supply gas to villages in Qotour rural district in Khoy County, West Azarbaijan Province, by March 2024, about 86% of rural regions in the area will be…

Iran will sign a gas contract with Turkmenistan and import 10 million cubic meters per day later this month, the oil minister said on Tuesday. Javad Owji made the announcement after meeting…

The National Iranian Oil Company paid $80 billion in fuel subsidies in 2022, approximately twice its oil revenues in the same year. According to data from the National Iranian Oil Refining and…

Pars Oil and Gas Company was assigned by the National Iranian Oil Company to complete the second phase of a plan to develop the South Pars Gas Field’s oil layer in the Persian Gulf, the managing…

Operations to develop the Farzad B Gas Field in the Persian Gulf have started, the managing director of the National Iranian Oil Company said. “The first phase of the development plan that…

A total of $740 million will be allocated to indigenize turbo compressors and turbines used in the oil industry, the managing director of the National Iranian Oil Company said.

The National Iranian Gas Company raised its natural gas exports in 2022 by 17%, the managing director of Iranian Gas Transmission Company said. “The state-run company’s exports reached 17…

In the last Iranian year (March 2022-23), $12 billion worth of oil, gas and petrochemical projects were launched and this year about $15 billion worth of oil and gas projects will be inaugurated…

Sixteen exploration blocks have been unveiled by the managing director of the National Iranian Oil Company. “Taking into account the 10 exploration blocks that had earlier been offered, the…

Tehran and Baghdad have agreed to extend the contracts on Iran’s gas exports to Iraq, the Iranian oil minister said. “The two deals on exporting Iran’s gas to Baghdad and Basra power plants…

The 27th International Oil, Gas, Refining and Petrochemical Exhibition, dubbed Iran Oil Show, will be held on May 17-20 at Tehran’s Permanent Fairground, an Oil Ministry spokesman said.

Local startups are capable of reducing the effects of corrosion in the oil industry by at least 20% over the next five years, the head of the Oil Industry Technology and Innovation Park said.

A total of 50 billion liters of crude oil and petroleum products were transferred via pipelines from Tehran to northern regions, namely Gilan and Mazandaran provinces in the last fiscal year (…

Iran and Venezuela have signed new memorandums of understanding to expand bilateral cooperation in oil and gas industry.

Iran's gas export to Iraq, which was halted for about two weeks, has been resumed, the head of dispatching operations at the National Iranian Gas Company said. “The halt of export to the…

Natural gas exports to Iraq and Turkey has reduced by 46 million cubic meters per day, said Hamid Hosseini, the head of board of directors at Iranian Oil, Gas and Petrochemical Products…

The National Iranian Oil Company is projected to sell 1.4 million barrels per day of crude oil at $85 as per the budget law of next Iranian year (March 2023-24), partly by using a barter system…

As long as the Financial Action Task Force, the global anti-money laundering watchdog, does not remove Iran from its blacklist, the country cannot have a say in the global oil and gas markets,…

Iran’s gas consumption in the domestic and commercial sectors is predicted to reach 650 million cubic meters per day in the first month of winter (Dec. 22, 2022-Jan. 20, 2023), the head of the…

Iran has more than 33 trillion cubic meters of proven gas reserves, accounting for 16.6% of the world’s total. This makes it the world’s second biggest after Russia. 

As long as Iran does not establish good relations with the international community, increasing natural gas export capacity will remain a dream, a former deputy oil minister for international and…

Tehran and Ankara have started the first phase of negotiations to renew a natural gas contract that expires in 2026, the head of dispatching operations at the National Iranian Gas Company said…

Russian gas producer Gazprom is devising a comprehensive plan to develop six oilfields and two gas fields in Iran, and expects to sign contracts by the end of the current Iranian year (March…

The export of natural gas to Europe via pipelines is wishful thinking, as neither Russia nor the US will allow Iran to enter such a lucrative market, the former managing director of National…