Halted since 2012, Iran aims to resume oil swaps with its neighbors sharing borders with the Caspian Sea, a northern Iranian oil terminal agency said. The official Islamic Republic News Continue Reading
A still image, taken from video footage and released by Russia’s Defence Ministry on August 16, 2016, shows a Russian Tupolev Tu-22M3 long-range bomber based in Iran dropping off bombs Continue Reading
A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north… Iran has made no decision about joining an OPEC meeting on oil output next month Continue Reading
Iran has not yet made a decision on whether or not it will join the OPEC meeting next month, and according to officials there, production levels have not reached a Continue Reading
Shipments set to rise to 70 million cubic meters a day Iranian gas to fuel power plants in Baghdad and later Basra Iran, holder of the world’s biggest natural gas Continue Reading
A still image, taken from video footage and released by Russia’s Defence Ministry on August 11, 2016, shows a Russian Tupolev Tu-22M3 long-range bomber dropping off bombs at an unknown Continue Reading
Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices. Oil’s return Continue Reading
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Poland is replacing Russian oil with Iranian oil and unsold Continue Reading
Turkish Foreign Minister Mevlut Cavusoglu smiles as he attends a news conference with the Adviser to Pakistan’s Prime Minister on National Security and Foreign Affairs, Sartaj Aziz (unseen) at the Continue Reading
Approved version of IPCs has more than 150 minor and major changes from the draft Following the end of international sanctions against Iran in July of 2015, the Islamic Republic Continue Reading
Tender offers likely to take place over 6 months to a year 34 foreign companies identified by NIOC as suitable investors Iran expects foreign oil companies to sign deals valued Continue Reading
Projects meant to exploit the strategic position of the Caspian Sea and its oil and natural gas are national priorities, Azerbaijan, Iran and Russia said. The Iranian and Russian presidents Continue Reading
Essar Oil to trim Iran imports once Rosneft deal is finalized Iran fourth-biggest supplier to India in April-June period Iran’s biggest oil buyer in India is ready to throttle back Continue Reading
With options for oil and natural gas expanding, Iranian President Hassan Rouhani said a joint nuclear agreement has strengthened the country’s independence. Iran celebrated Monday the 50th anniversary of a Continue Reading
Bijan Zanganeh It’s expected that Iran will approve a new model for oil contracts on Wednesday that should open the door for foreign investors to help the country reestablish its Continue Reading
European companies show most interest in projects: Zanganeh Oil contract model has been under development for two years Iran is expected to approve a new model for oil contracts on Continue Reading
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran’s Oil Minister says the oil market is oversupplied but Continue Reading
The United States said on Friday it would allow foreign airlines to fly U.S.-made aircraft to Iran, providing greater assurance to aviation companies as Iran tries to re-establish trade and Continue Reading
President Rouhani wants economic achievements before term ends Progress failing to meet Iranians’ expectations, analysts say A jump in oil exports, business deals signed with global companies and inflation tamed: Continue Reading
Iran could step in to help address European energy security concerns once the doors to financial regimes open, the speaker of the Iranian parliament said. Speaker Ali Larijani told visiting Continue Reading
Secretary of State John Kerry, left, and French Foreign Minister Jean-Marc Ayrault at the Bastille… PARIS—Secretary of State John Kerry said the Iran nuclear agreement “has lived up to its Continue Reading
Iran Oil After having regained 80 percent of its pre-sanction market share, beating all expectations, Iran now plans to double its exports if market conditions improve, according to Mohsen Qamsari, Continue Reading
Exports of 2 million barrels a day near pre-sanctions levels Iran targeting Europe as destination for quarter of exports Oil markets will remain stable this year even as Iran plans Continue Reading
The Iranian government expects to bring in at least $40 billion in investments per year to an opening oil industry, a deputy trade official said. According to Deputy Petroleum Minister Continue Reading
Iran Oil Although its post-sanctions production boom appears to be have waned, the Islamic Republic of Iran still hopes to increase its energy exports, exploit new production contracts and expand Continue Reading
Iranian Vice President Eshaq Jahangiri speaks during a news conference after a meeting with Iraq’s top Shi’ite cleric Grand Ayatollah Ali al-Sistani in Najaf, south of Baghdad, February 18, 2015. Continue Reading
Exports of 2 million barrels a day near pre-sanctions levels Iran targeting Europe as destination for quarter of exports Oil markets will remain stable this year even as Iran plans Continue Reading
Just when big oil was preparing to sign the new Iranian Petroleum Contracts and start working the country’s vast fields, hardliners once again took the upper hand. On Monday, the Continue Reading
A supertanker with Iranian crude is heading toward Poland’s Baltic Sea port of Gdansk, trade sources said and ship-tracking data showed, as Iran continues to claw back market share after Continue Reading
Reuters Iran’s oil exports in July are set to fall from June levels as the country battles Saudi Arabia and Iraq for market share but are about 70 percent higher Continue Reading
Oil minister Bijan Zanganeh has handed the running of Iran’s national oil company to a trusted ally in a push to agree long-awaited deals with global oil majors, which could Continue Reading
Oil Minister Zanganeh tells ISNA up to 15 fields to be offered Iran will initially seek to develop fields along border Iran plans to issue tenders to develop its oil Continue Reading
The White House is pushing to ease the way for companies to complete deals with Iran, aiming to cement the landmark nuclear agreement reached last year and make it difficult Continue Reading
The return of Iranian oil to the international market is hurting Russia’s main crude grade, forcing it to trade at the biggest discount in two years. The discount of Russia’s Continue Reading
A $550 million contract with a Chinese partner envisions the construction of a new oil loading terminal in the Persian Gulf, Iranian media reported. The semi-official Fars News Agency reports Continue Reading
Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection of cash and the easing of remaining trade barriers, the recovery Continue Reading
Lukoil is ready to re-enter Iran and is hopeful that the necessary laws will be in place soon, with the terms of the International Petroleum Contracts, or IPCs, likely to Continue Reading
Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection of cash and the easing of remaining trade barriers, the recovery Continue Reading
The Islamic Republic (IR) of Iran’s disputed nuclear program, which was widely viewed as a concern for international security, ended on January 16. After international sanctions were ended, the expectation Continue Reading
With Iranian crude oil production moving past what it was during the sanctions era, the government said it was now looking to ensure a strong market position. Iranian crude oil Continue Reading
Iranian Oil Minister Bijan Zanganeh leaves an OPEC meeting in Vienna on June 2. Iran replaced the head of its state-oil company on Sunday amid tension within the government over Continue Reading
The mere mention of OPEC is almost instinctively accompanied by an automatic reference to the Kingdom of Saudi Arabia, as if the two are practically synonymous. As an oil producer, Continue Reading
Iran plans to increase its refining capacity for crude and condensate by more than 70 percent within the next four years as it works to improve the quality of fuel Continue Reading
Iran’s new model oil contracts, designed to lure billions of dollars in foreign investment for its energy industry, still need revisions and the government is confident the first deals will Continue Reading
Royal Dutch Shell has resumed purchases of Iranian crude, becoming the second major oil firm after Total to restart trade with Tehran after the lifting of sanctions, trading sources said Continue Reading
Iran will seek international investors for a $3 billion refinery project in the country’s south as the Persian Gulf nation looks to boost sales of its oil and natural gas Continue Reading
An Iranian military fighter plane flies past an oil tanker during naval manoeuvres in the Gulf and Sea of Oman April 5, 2006. More than 25 European and Asian-owned supertankers Continue Reading
When a handful of OPEC countries floated a proposal to reintroduce production limits on members on Wednesday, it took only a few hours for Iran to quash the idea with Continue Reading
Relations among OPEC members have improved significantly after several acrimonious meetings as the oil-producing group accepts Iran’s revival of crude output, the Iranian oil minister said. “We had a meeting Continue Reading
Zanganeh SIgmar Gabriel Iran has been eager to restart the full-scale development of its oil and gas reserves since the lifting of economic sanctions early this year, and its main Continue Reading
