Iran vs Russia: The Next Natural Gas War
Not everybody attending the Iranian natural gas summit last week in Frankfurt was there for the same reason. While most were gauging the prospects for an opening of major natural Continue Reading
France Plans Loans for Companies Wanting to Invest in Iran
France is working on plans to issue direct loans to companies that want to invest in Iran, Finance Minister Michel Sapin said in a press conference in Tehran. “We are Continue Reading
Total in talks to buy Iranian LNG project: sources
Total ( TOTF.PA ) is in talks to buy a multi-billion dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves. Continue Reading
Russia says in talks over Iranian oil purchases
Russia has been in talks of buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports. At the sidelines of a economic forum in the Black Continue Reading
Iran says oil prices over $55 per barrel harmful for OPEC: Fars
Iran said on Thursday an increase in oil prices to more than $55 per barrel was not in the interest of OPEC as it would lead to a rise in Continue Reading
BASF Looks to Invest in Iran’s Recently Opened Energy Sector
BASF SE is exploring options for tapping Iran’s recently opened energy market, making it the latest in a long line of German firms looking to expand into the Islamic Republic. Continue Reading
Iran to sign oil contract to sell Russia 100,000 bpd: state TV
Iran announced on Tuesday it will begin selling 100,000 barrels of oil a day to Russia within the next 15 days and receive payment half in cash and half in Continue Reading
Iran boasts of robust rig count
Slightly less than 10 percent of the drilling rigs currently in service in the world are operating in the Iranian oil and gas sector, a petroleum official said. Rokneddin Javadi, Continue Reading
Saudis Lose South Korean Market Share To Iran
South Korea doubled its imports of Iranian crude in January this year from the same time last year, when Iran returned on the international oil market and started exporting growing Continue Reading
Trump rhetoric rattles Iranian business
As soon as Iran’s nuclear deal with world powers took effect, Majid Zamani and his partners set up an investment boutique with the aim of tapping into the flood of Continue Reading
Iranian Oil Will Not Be Stopped By Trump
Despite new sanctions by the Trump Administration and an escalating war of words regarding its ballistic missile program, Iran is continuing to push ahead with plans to maintain oil production Continue Reading
Iran’s missile test ‘not a message’ to Trump
President.ir/Handout via Iran said on Monday a recent missile trial launch was not intended to send a message to new U.S. President Donald Trump and to test him, since after Continue Reading
Iran says U.S. sanctions stop American oil firms taking part in projects
Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American sanctions make such cooperation impossible, Iran’s deputy oil minister said Continue Reading
Iran’s Oil Industry Unshaken By New Sanctions
Days after Iran tested a ballistic missile in a northern desert, newly-inaugurated U.S. President Donald Trump imposed sanctions on individuals associated with the program producing non-nuclear rockets capable of reaching Continue Reading
Iran Reports 15 Billion Barrel Oil Find
Iran has struck new crude oil reserves totaling 15 billion barrels of which 2 billion barrels are recoverable, according to the managing director of the National Iranian Oil Company Ali Continue Reading
Iran says U.S. sanctions stop American oil firms taking part in projects
Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American sanctions make such cooperation impossible, Iran’s deputy oil minister said Continue Reading
Iran thumbs nose at Washington on oil
Iran is still able to get its crude oil to the international market and increase production despite souring U.S. relations, an Iranian official said Friday. The White House is expected Continue Reading
Iran Oil Minister Says “No Ban on U.S. Oil Firms”
Iran’s Oil Minister Bijan Zanganeh has said that U.S. oil companies willing to do business in Iran will not be banned from doing so. The remark, quoted by local and Continue Reading
Is Iran Planning On Breaking Its OPEC Pledge?
According to a provision of the recent OPEC production deal , the Islamic Republic of Iran is mandated to keep production below a threshold of 3.797 million bpd. Yet this Continue Reading
Lukoil Seeks Middle East Oil Projects for Growth as Iran Opens
Lukoil PJSC is seeking opportunities for growth in the Middle East as Iran opens more of its oil fields to international partners, according to the Russian energy company’s regional head. Continue Reading
Russia’s Lukoil hopes for Iran oilfield development decision this year
Lukoil, Russia’s No.2 oil producer, hopes to reach a decision on developing two new oilfields in Iran and wants to expand its operations further in the Middle East this year, Continue Reading
Iran May Cancel $7B Pipeline Project With Pakistan
Iran has said it may cancel its high-profile, US$7-billion ‘peace pipeline’ project with Pakistan over lengthy construction delays, with would deprive energy-starved Pakistan of the some 22 million cubic meters Continue Reading
Iran To Export More Oil In February
Iran’s crude oil and gas condensate exports are expected to rise to about 2.2 million barrels per day in February, thanks to a shipment to Indonesia – the first since Continue Reading
Europe Chomps Most Iran Oil in Years With Supertankers Due in Days
Europe is poised to receive the most Iranian crude in about five years this month in a sign that the Persian Gulf nation may be regaining its share of a Continue Reading
Cash Strapped Iranian Oil Industry Braces For Trump Impact
Iran has been raising eyebrows with its unwavering determination to put its energy industry back on its feet since most Western sanctions against Tehran were lifted last year, and its Continue Reading
China To Pour $3 Billion in Iran’s Refining Capacity
China will invest US$3 billion in the upgrade of Iran’s oil refining facilities, Iranian media reported, with the bulk of the investment going into the Abadan refinery. According to Deputy Continue Reading
Exclusive – Global ship insurers to resume near full coverage for Iran oil: officials
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, Continue Reading
Iran oil minister certain that oil prices will rise: Mehr
Iran’s oil minister said that he was confident the OPEC and non-OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise Continue Reading
Iran Oil Minister Certain That Oil Prices Will Rise
Iran’s oil minister said that he was confident the OPEC and non-OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise Continue Reading
Iran Close To Hitting 4-Million-Bpd Output Target
When Saudi Arabia initiated the latest OPEC discussion about an oil production cut, Iran insisted that it would only consider joining market rebalancing efforts when it reached a daily output Continue Reading
Exclusive: Iran capitalizes on OPEC oil cut to sell millions of barrels – sources
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is Continue Reading
Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects
The National Iranian Oil Company (NIOC) revealed that several European oil and gas companies will be eligible to bid for the country’s new oil and gas projects. The National Iranian Continue Reading
Iran Qualifies CNPC to Total for Bidding on Energy Projects
Iran qualified 29 international oil companies to bid in upcoming tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy. China National Petroleum Continue Reading
Asia’s November imports of Iranian oil more than double from year ago
Imports of crude oil by Iran’s four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and Continue Reading
Iran: There are no guarantees with OPEC
Following an announcement regarding an increase in oil production, Iran’s oil minister said there are no guarantees an OPEC production ceiling will be enforced. Iran is the only party not Continue Reading
Iran sees foreign investors flocking to energy sector
Iran is drawing in more foreign investors eager to renew work in the energy sector because of the low cost of doing business, a corporate director said. The National Iranian Continue Reading
Iran says it sealed Boeing plane deal at half price
Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing ( BA.N ) airliners in an order that the American planemaker Continue Reading
Airbus Finalizes $18 Billion Jet Deal With Iran
European plane maker Airbus Group SE on Thursday said it had finalized a controversial deal to sell more than $18 billion worth of jetliners to Iran less than two weeks Continue Reading
EU warns Trump not to destroy Iran nuclear deal
European governments are quietly warning the incoming Trump administration that the US will get the blame if any new economic sanctionson Iran lead to the collapse of the 2015 nuclear Continue Reading
Iran’s OPEC Win Lacks Substance Without Real Deals With Big Oil
Few countries have benefited from the oil market’s 2016 recovery like Iran. Since sanctions on its economy were eased in January, the Persian Gulf producer has doubled exports as prices Continue Reading
IAEA content with oil-rich Iran
The director-general of the nuclear watchdog for the United Nations said oil-rich Iran is meeting its commitments to downplay weapons concerns. Yukiya Amano, the director-general of the International Atomic Energy Continue Reading
Iran to work on nuclear-powered boats after U.S. ‘violation’ of deal
Iran’s President Hassan Rouhani ordered scientists on Tuesday to start developing systems for nuclear-powered boats, in reaction to what he called the United States’ violation of a global atomic deal. Continue Reading
Gazprom Neft Signs Oil Deal as Russia Adds to Presence in Iran
Gazprom Neft PJSC signed an agreement with Iran’s state oil company to study the potential for oil production from two fields, becoming at least the third Russian energy producer in Continue Reading
Russia to study Iranian oil fields
Iran and Russia tightened their embrace in the energy sector through an agreement to study the prospects for oil fields near the Iraqi border, directors said. Directors from the National Continue Reading
Iranian President Orders Development of Nuclear-Powered Ships
Iranian President Hassan Rouhani on Tuesday ordered the development of a nuclear propulsion system for ships, describing the move as a response to the recent extension of sanctions against the Continue Reading
Iran crude oil exports to hit five-month low in December: source
Iran’s crude oil exports in December are set to fall 8 percent from November to a five-month low, a source with knowledge of its preliminary tanker schedule said, as lower Continue Reading
Gazprom Neft Signs Oil Deal as Russia Adds to Presence in Iran
Gazprom Neft PJSC signed an agreement with Iran’s state oil company to study the potential for oil production from two fields, becoming at least the third Russian energy producer in Continue Reading
Iran seals $17 billion Boeing deal, close to Airbus order
Redmond Iran signed a $16.6 billion deal for 80 Boeing ( BA.N ) passenger jets on Sunday and was said to be close to another for dozens of Airbus ( Continue Reading
Boeing inks $16.6bn deal with Iran’s national carrier
Iran’s national carrier and Boeing have finalised their $16.6bn deal for the sale of 80 aircraft to the Islamic Republic’s airlines, paving the way for Iran Air to sign its Continue Reading
Iran Races to Clinch Oil Deals Before Donald Trump Takes Office
President Hassan Rouhani of Iran is racing to sign as many oil deals with Western companies as he can before hard-liners at home and President-elect Donald J. Trump have a Continue Reading