Iran: National Oil Company Opens Bidding
National Iranian Oil Company (NIOC) said that it would open bidding for upstream oil and natural gas projects Oct. 17 for the first time since Iran reached a nuclear deal Continue Reading
OPEC Spat Over Production Data Grows as Iran Rejects Estimates
OPEC’s struggle with the first step of its new production deal — agreeing on how much its members are pumping — deepened as Iran became the third nation to openly Continue Reading
Can Iran Sign $10 Billion In Oil Deals Before March?
It has been ten months since the international community lifted sanctions against Iran’s oil and gas sector, paving the way for the country to rebuild its lost production capacity and Continue Reading
Iran hopes to hit 4 million b/d crude oil output in two weeks: NIOC
Iran hopes to raise its crude oil production to around 4 million b/d in the next two weeks, up from the current level of 3.89 million b/d, a senior National Continue Reading
Iran oil minister: hopes for OPEC deal in November
Iranian oil minister Bijan Zanganeh said on Monday that he hoped OPEC would reach a deal to restrain oil production in November. Asked by reporters on the sidelines of an Continue Reading
Iran calls OPEC’s decision to limit output ‘baby step in right direction’
Iran’s deputy oil minister said on Monday that the OPEC’s primary agreement in Algeria to limit oil output at 32.5 million barrels per day was a small step but in Continue Reading
Iran oil minister: hopes soon to reach Qatar’s gas production
Iran hopes by early next year to boost its natural gas production to Qatar’s level, Iranian oil minister Bijan Zanganeh told an energy conference on Monday. He said Iran’s priority Continue Reading
Iran to Boost Oil Output to 4 Million Barrels as OPEC Plans Cut
Country currently producing 3.89 million barrels a day Iran doesn’t accept OPEC secondary-source output estimates Iran, OPEC’s third-biggest member, plans to boost its oil output to a level of 4 Continue Reading
Can oil bridge ties between Iran and the West?
Iran’s oil ministry announced it will accept applications from foreign oil companies roughly a week after the US Treasury Department lifted more sanctions against Tehran. Iran has once again reminded Continue Reading
Iran Is Stuck With China to Finance Its Oil Dreams
Efforts to nudge Iran toward the West stymied by U.S. policies Chinese companies continue to dominate energy, oil in Iran Amid the snake-infested marshlands on Iran’s border with Iraq, the Continue Reading
Iran touts new contracts for domestic oil companies
Iran is on its way to reaching its production goals for the 2020s with the start of operations at oil fields under a new contract model, the government said. The Continue Reading
Iran expects new oil contracts signed by March
Iranian Oil Minister Bijan Zanganeh says to expect formal contracts for oil work in his country to emerge before the end of the calendar year. Foreign companies are busy studying Continue Reading
Iran signs first new oil deal with new model contract
National Iranian Oil Co, or NIOC, signed its first oil deal with a local company using its new Iran Petroleum Contract (IPC), the company announced Wednesday. The heads of agreement Continue Reading
Oil Major BP Buys First Iranian Oil Since Sanctions Eased
Supplies of South Pars condensate purchased on spot basis Cargo to be loaded between September and October this year Iran’s state-owned oil company sold condensate to BP Plc for the Continue Reading
Iran oil exports hit pre-sanctions high on run-up in condensate shipments
Iran’s total crude oil and condensate sales likely reached around 2.8 million barrels per day in September, two sources with knowledge of the matter said, nearly matching a 2011 peak Continue Reading
Iran, OPEC’s Big Winner, Will Sign Landmark Oil Contract
NIOC to join local companies in $2.5 billion Yaran oil project Country seen a winner after missing ‘big party’ on sanctions Iran, fresh from an OPEC meeting where it won Continue Reading
Iran supports any move to stabilize oil market: Rouhani
Iranian flags are seen at a petrol station in Tehran, Iran, January 25, 2016. Iran’s President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and Continue Reading
Saudi prince warns Iran against using force to pursue rivalry
A senior Saudi official, responding to Iranian criticism of Riyadh’s management of the haj pilgrimage, urged Iran to end what he called wrong attitudes toward Arabs and warned it against Continue Reading
Exclusive: Iranian oil output stagnates for third month amid OPEC bargaining
Iran’s steep oil output growth has stalled in the past three months, new data showed, suggesting Tehran might be struggling to fulfill its plans to raise production to new highs Continue Reading
Exclusive: Iranian oil output stagnates for third month amid OPEC bargaining
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran’s steep oil output growth has stalled in the past Continue Reading
Iran Oil Recovery Lowers Hurdle to Global Deal on Output Cap
NIOC’s Ghamsari says output is shy of 4 million barrels a day Iran’s joining any output freeze is now up to oil minister With Iran’s oil production closing in on Continue Reading
Iran Says Too Early to Discuss Oil Output Freeze at Algiers
Iran seeking to reach pre-sanctions level of production: NIOC May reach that level of output by end-2016 or early-2017: NIOC It will be too early for Iran to discuss freezing Continue Reading
Iran, Oil-Freeze Fulcrum, Won’t Stop at Pre-Sanctions Output
Iran targets new fields, foreign contracts for output growth Exports may be the best measure of Iran’s oil-supply recovery Oil analysts are dusting off their favorite output statistics to figure Continue Reading
Iran gives cautious nod to oil deal as bargaining starts
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran signalled on Tuesday it was prepared to work with Continue Reading
Iran President Says ‘Vital’ to Restore Pre-Sanctions Oil Output
Rouhani Backs OPEC Efforts to Bring About Fair Crude Prices Iranian President met with OPEC chief in Tehran on Tuesday Iran’s President said he supports efforts by OPEC to stabilize Continue Reading
Iran ready to help restore oil market balance after it regains share: official
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran is ready to support any decision to help restore Continue Reading
Iran ready to raise oil output to 4 mln bpd depending on demand: NIOC
Iran is ready to raise its oil production to 4 million barrels per day (bpd) in a couple of months depending on market demand, a senior official from the National Continue Reading
Iran planning more oil drilling
One of the first oil fields likely on tap for post-sanctions contracts in Iran is on schedule for further exploration and production work, a director said. SHANA, the Iranian oil Continue Reading
Expect invitations next month, Iran tells energy companies
Iran in September will send out invitations to energy companies to vet interest in the first contracts in the post-sanctions area, a director said Tuesday. Iranian Oil Minister Bijan Zangeneh Continue Reading
Iran to Seek Investment Bids in October Under New Oil Contracts
South Azadegan on Iraq border will be first field offered Oil companies to be invited to submit technical documents Iran will invite international oil companies to submit bids in October Continue Reading
Iraq: Baghdad Threatens To Sell Oil Via Iran
The Iraqi government is considering a plan to market its crude oil through Iran if talks between the State Oil Marketing Organization and the Kurdistan Regional Government (KRG) fall through, Continue Reading
Iran’s Oil-Market Share Grab Seen Dimming Hopes for Freeze Talks
OPEC output plans not conducive to freeze agreement: Dana CEO Iran sees need for other producers to limit supply: Mills Iran’s plan to keep boosting crude production until it regains Continue Reading
Iran’s oil minister defends market share
Iran’s oil minister said Friday he’ll go to an Algerian meeting where producers could move to stabilize prices, but kept his defense of market share. “Revival of Iran’s lost share Continue Reading
Iranian Oil Production Stalls Ahead of OPEC Talks
Iran’s revival as a crude-oil exporter appears to have stalled, seven months after Western sanctions over its nuclear program were lifted, casting uncertainty over the country’s willingness to cooperate with Continue Reading
Iran Lays Out Conditions For Joining OPEC Output Freeze
In the past two weeks, Iran has rejoined the OPEC production freeze headline and jawboning fray, by making bold statements that it would be willing to work with OPEC on Continue Reading
Iran’s Oil Minister to Join OPEC Talks on Market in Algeria
OPEC to meet other producers next month on supply, price Zanganeh says he’ll meet OPEC Secretary General Barkindo Iran’s Oil Minister Bijan Namdar Zanganeh will join an informal meeting of Continue Reading
Iran sets terms for cooperating with OPEC to stabilize oil market
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran will help other oil producers stabilize the world market Continue Reading
Iran: Forces will warn any vessel after US warship incident
Iran’s naval forces will warn or confront any foreign ship entering the country’s territorial waters, the Iranian defense minister said Thursday, remarks that came after an incident this week involving Continue Reading
Oil sector jumps on Iran-Opec hopes
Oil companies broadly advanced on Tuesday as crude rebounded, buoyed by speculation that Iran will attend a meeting of Opec producing countries next month. Members of the oil producing cartel are Continue Reading
OPEC Chief Said to Visit Iran and Qatar Before Group’s Talks
OPEC’s secretary-general will visit members Iran and Qatar next month, just weeks before the group holds informal talks in Algeria, according to a person with direct knowledge of the matter. Continue Reading
Iran Says It Hasn’t Decided on Attending OPEC Talks in Algiers
Minister might not decide until day before meeting: spokesman Iran said to have confirmed attendance in letter to OPEC Iran says it still hasn’t decided whether it will attend informal Continue Reading
Iran signals more willingness for OPEC action to boost oil price
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran is sending positive signals that it may support joint Continue Reading
Oil Prices Flip to Gains on Iran Reports
Oil prices rose Tuesday, erasing early losses, on indications that Iran might cooperate with other global exporters as they explore ways to keep oil prices from falling. Iran sent a Continue Reading
Iran signals more willingness for OPEC action to boost oil price
Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive Continue Reading
Oil-rich Iran looking for financial ties with Russia
With sanctions pressures starting to fade, a representative from oil-rich Iran said the financial doors for cooperating with Russia were starting to open. Iranian and Russian interests have aligned in Continue Reading
Iran Denies Russia Has a Local Base
A week after allowing Russian planes to fly bombing runs into Syria from a base inside its borders, Iran reversed course on Monday and withdrew permission for the flights, complaining Continue Reading
Russia-Iran-Turkey Alliance Could Change Energy Dynamics For Good
Turkey, Russia, Iran A new strategic axis is forming in the Middle East, and this axis could play a transformative role in the region, upsetting the longstanding balance of power. Continue Reading
Dual nationals arrested in Iranian power struggle
Iran has arrested several Iranians holding dual nationality in what has been seen as a new round of intimidation targeting people connected to foreign circles and businesses. Abbas Jafari Dolatabadi, Continue Reading
Tehran halts Russian raids on Syria from Iran
Iran said that Russian warplanes had stopped using an Iranian air base to bomb targets in Syria, a day after the Islamic regime accused Moscow of “showing off” by making Continue Reading
Iran says Russian use of air base for Syria strikes over ‘for now’
Iran said on Monday that Russia has stopped using an Iranian air base for strikes in Syria, a week after Moscow announced that its fighter bombers had flown from a Continue Reading