Energy

An economic analyst Monday said Iran intends to increase its daily oil product and return to the pre-sanctions time, adding that as long as it has not reached its previous position in the oil production and export market and has not retaken its quota it will not retreat.

Russia’s Energy Minister Alexander Novak on Sunday praise Iran for adopting what he described as a “constructive role” toward proposals by key producers to stabilize oil prices.

New indications have emerged that show Japan has become interested in the development of Iran’s Azadegan oil field that industrialists have for long described as the crown jewel of the country’s oil projects.

Russia is apparently trying to placate Iran after a surprise agreement with Saudi Arabia on freezing oil production.

An official at the National Iranian Oil Company (NIOC) says Iran will increase its crude oil exports by 500,000 barrels per day (bpd) during the current month.

A expert on oil and energy market said it is only fair for Iran to increase its oil production.

The head of Russia’s Rosatom State Nuclear Energy Corporation announced the country is set to start the construction of two more nuclear power plants in Iran's southern city of Bushehr soon.

Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new record in the country’s oil exports not seen in several years.

Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.

A meeting of oil and energy ministers of Iran, Iraq, Venezuela, and Qatar started here on Wednesday to discuss solutions to save the global crude oil prices to stabilize the market.

Saudi Arabia and Russia agreed to freeze oil output, which is already at near-record levels. This is the first coordinated move by the world’s two largest producers to counter a slump that has pummeled economies, markets and companies.

A senior official at the National Iranian Oil Company (NIOC) said representatives of Iran, Iraq and Venezuela will convene in Tehran on Wednsday to discuss the latest situation in the global oil market.

Japan's Prime Minister Shinzo Abe will pay a visit to Tehran to hold talks with Iranian officials on ways to expand oil cooperation, Iran’s Oil Minister Bijan Zangeneh says.

Since the termination of anti-Iran sanctions in January, the country has succeeded in increasing its crude exports by 400,000 barrels per day, getting closer to the intended selling 2 million bpd of oil, a top official announced.

Deputy Oil Minister Rokneddin Javadi said on Sunday that production of Iran's crude oil increased 400,000 barrel each day and the figure is expected to increase by another 200,000 barrels.

Iran’s first vice president says the country’s oil exports will reach 1.5 million barrels per day (mb/d) next month as Tehran moves to benefit from sanctions relief.

A senior Iranian official says oil prices are likely to jump to unexpected levels in the next Persian calendar year which starts on March 21.

Iran said on Tuesday that it needs as much as $200 billion in investments to revamp its oil industry.

Iran’s Oil Minister Bijan Zangeneh said on Tuesday that Iran is ready to negotiate with Saudi Arabia over the current conditions in international oil markets.

A leading Swiss photovoltaic (PV) company expressed willingness for presence and investment in Iran’s market following the termination of anti-Tehran sanctions.

Iran's Oil Minister Bijan Zangeneh says the country is currently exporting 300,000 barrels per day of crude oil to European countries and the figure will rise when new contracts are signed with European oil majors.

France’s energy giant Total will start importing 160,000 barrels per day (b/d) of crude oil from Iran later this month, Iran’s petroleum minister says.

Iran’s petroleum minister says the terms of new oil deals, sweetened to tempt back foreign companies, have yet to be finalized, noting that critics’ concerns about the new contracts would be allayed.

The price war, along with the share of the global oil market which has caused the current oil price slump, is now affecting the...

Germany's Linde Group and Japan's Mitsui have said that they are planning to jointly invest $4bn in a number of petrochemical projects in Iran, an official said.