Shell said it had signed a preliminary deal with Iran’s state oil company. Above, Shell… LONDON— Royal Dutch Shell PLC on Wednesday said it had signed an agreement with Iran’s Continue Reading
Iranian media reported Wednesday a delegation from Austrian energy company OMV is en route to Tehran to explore stronger energy ties with the Islamic republic. “An energy committee between Iran Continue Reading
Royal Dutch Shell Plc and Total SA will sign initial agreements on Wednesday to develop oil and gas fields in Iran, in the first European petroleum deals in the Persian Continue Reading
Iran can sell as much crude oil as it wants to thanks in part to a multilateral nuclear agreement that eased crippling sanctions, the country’s president said. Iran has been Continue Reading
Iran ’s president said on Tuesday that he simply would not allow President-elect Donald J. Trump to tear up last year’s nuclear agreement and warned of unspecified consequences if he Continue Reading
Royal Dutch Shell will sign three initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian oil ministry official said. Shell will sign the agreements in Tehran Continue Reading
Members of the Iranian parliament said Monday they signed a letter of appreciation that, in effect, declared victory with last week’s OPEC production deal. Iran under the terms of an Continue Reading
Iran will not let U.S. President-elect Donald Trump rip up the nuclear deal it signed with world powers, President Hassan Rouhani said on Tuesday. “[Trump] wants to do many things, Continue Reading
Iran’s Oil Minister Bijan Zanganeh arrives for a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. Iran’s oil minister Bijan Namdar Zanganeh Continue Reading
With Washington keeping its hold on the sanctions noose, the president of oil-rich Iran said foreign investors were moving into its economy. Iranian President Hassan Rouhani unveiled a draft budget Continue Reading
Iran’s Foreign Ministry said on Friday that the U.S. Senate’s vote to extend sanctions against the Islamic Republic for 10 years violated a historic nuclear deal reached between the country Continue Reading
An oil company in Iran said it signed an agreement with oilfield services company Schlumberger, which joins a growing list of companies establishing a footprint in post-sanctions Iran. File photo Continue Reading
Oil Rig Iran Just about everyone right now wants to know where President-elect Donald Trump stands on Iran, and what fate lies ahead for the nuclear deal and the easing Continue Reading
Talks with Asian companies for loan to produce more methanol Italian company ‘in forefront’ as potential investor Iran’s Persian Gulf Petrochemical Industries Co. is in talks with Asian companies to Continue Reading
Bijan Namdar Zanganeh. Photographer: Akos Stiller/Bloomberg OPEC proposes 600,000 barrels a day cut for non-OPEC producers Iran hasn’t announced commitment to reduce its own production Iran is assessing a proposal Continue Reading
U.S. President-elect Donald Trump has vowed to rip up the Iranian nuclear agreement on Day 1, and reimpose sanctions on Iran. The move could potentially have far-reaching consequences for the Continue Reading
Bob Dudley, CEO of BP gas company, speaks during an interview at the Argentina Business and Investment Forum 2016, in Buenos Aires, Argentina, September 14, 2016. BP has created a Continue Reading
With OPEC’s Nov. 30 meeting in Vienna just days away, the oil minister of Iran, a member state once reluctant to help the cartel gouge gas prices, announced his readiness Continue Reading
OPEC members are shooting for crude oil priced at around $60 per barrel if production agreements come through, Iran’s oil minister said. Iranian Oil Minister Bijan Zangeneh met during the Continue Reading
OPEC member countries have proposed Iran cap its oil output at 3.92 million barrels per day (bpd) under a production-limiting deal for the whole group, a source familiar with the Continue Reading
A Russian delegation visiting Tehran on Friday signed a handful of agreements to work with an Iranian oil company, a managing director said. More than two dozen representatives from top Continue Reading
OPEC’s eagerly awaited production cut agreement may have just gotten even harder to reach as OPEC members meeting in Doha are now asking Iran to freeze its output at 3.92 Continue Reading
President-elect Donald Trump’s harsh rhetoric toward the Joint Comprehensive Plan of Action more likely means renegotiation, not starting from scratch. For all of the bombast that characterized his march toward Continue Reading
OPEC member countries have proposed Iran cap its oil output at 3.92 million barrels per day (bpd) under a production-limiting deal for the whole group, a source familiar with the Continue Reading
The oil market has been counting on Iran as a key new source of supply, and the current uncertainty may see investors step back. (Bloomberg) — Iran’s resurgent oil industry Continue Reading
While highly politically and economically charged behind-the-scenes OPEC talks are going on, the market and analysts are now factoring in another unknown that could come from outside OPEC and theoretically Continue Reading
Iraq’s oil minister will bypass energy talks this week in Qatar, where rival producer Saudi Arabia plans to hold talks with Russia on possible collective action to limit production. His Continue Reading
Three new oilfields in Iran were put in production mode this weekend at an official ceremony, adding more than 220,000 bpd to the country’s total output. The fields are Yadavaran, Continue Reading
Senior officials from state-owned National Iranian Gas Exports Co have met with Oman’s oil ministry and three international oil companies — Shell, Total and Korea Gas Corp — to look Continue Reading
Iran would not accept any alteration to its nuclear deal with world powers if Donald Trump pursues his campaign pledge to derail the accord, a senior Iranian politician has said. Continue Reading
President of Iran, Hassan Rouhani, was poised to announce on Sunday that the nation has increased oil production by 250,000 barrels per day. This was accomplished through the creation of Continue Reading
Russian servicemen drive T-90 tanks during a rehearsal for the Victory Day parade in Red Square in central Moscow, Russia, May 7, 2015. Russia will celebrate the 70th anniversary of Continue Reading
What a tumultuous week it has been (the first day seemed like a week, and the second day seemed like five days). The trifecta of monthly reports from EIA, IEA Continue Reading
Saudis keep supply near record even as local demand falters Figures may be negotiating position for OPEC talks: Natixis Iran, which has said it’s exempt from OPEC’s accord to cut Continue Reading
As lifting of sanctions on Iran boosted the influx of Iranian crude into international oil markets, some analysts and industry experts reckon that Iran and Russia are likely to be Continue Reading
Iranian oil minister Bijan Zanganeh said on Tuesday that he was still optimistic about implementation of a deal among oil producers to freeze output levels which was reached in Algeria Continue Reading
France’s Total has signed a deal with Iran to further develop its part of the world’s largest gas field, becoming the first western energy company to sign a major deal Continue Reading
South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran. November, 2015. Credit:… Iran plans to sign a preliminary $6 billion deal with Total SA on Tuesday to Continue Reading
France’s Total and China National Petroleum Corp are set to sign the first major agreement with Iran for the development of its gasfields since the loosening of international sanctions in Continue Reading
Hydroelectric power projects to cost an estimated $15 billion Solar, wind and hydro power pursued for fuel diversification Iran is working on regulations to attract investment in renewable energy, according Continue Reading
Tarek El Molla, Egypt’s Minister of Petroleum and Mineral Resources, is seen during a meeting with Cypriot Foreign Minister Ioannis Kasoulides at the Ministry of Foreign Affairs in Nicosia, Cyprus Continue Reading
Iran once again suggested it was moving forward on plans to build a long-delayed natural gas pipeline to Pakistan, this time with the help of China. An interview published by Continue Reading
In southern Iran, workers are putting the finishing touches to the latest extension to South Pars, the world’s largest gasfield. This work on Section 19 of the field is notable Continue Reading
Iran’s crude oil exports are set to decline 5 percent in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand Continue Reading
TEHRAN — Just as conservative opponents of the nuclear deal with Iran had warned , Tehran seems to be moving aggressively to expand its regional influence while working to counter Continue Reading
The final judgment may rest with God. But there is a lot of manoeuvring in Tehran to influence the decision on who will be Iran’s next supreme leader. There is Continue Reading
Iran hopes non-OPEC Russia and OPEC heavyweight Saudi Arabia can agree to coordinate on possible actions on the global oil market, Iranian Oil Minister Bijan Zanganeh said on Sunday. “I Continue Reading
Historic week in oil and gas exploration. With the tiny Central American nation of Belize kicking off its first-ever offshore evaluation work this past Thursday . That area could yield Continue Reading
Rouhani Barkindo Despite Iran’s efforts to re-enter the oil market, and amid promises two years ago by the country to open up the industry to foreign market after the sanctions Continue Reading
Iran opens up bidding with new terms on oil projects, but sanctions preclude US companies from participating. When Iran offers up stakes in several oil production projects under new contract Continue Reading
