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The latest news and views about the Iranian oil industry

Iran-EU Joint Committee to Address Oil Trade Problems

EU Commissioner for Energy and Climate Miguel Arias Canete says Iran and the EU will form a joint working group to address challenges confronting Iran’s oil trade.

UK Signs First Int’l Oil Deal with Iran after US Withdrawal from JCPOA

The British consortium Pergas has signed the first international oil contract with Iran after US President Donald Trump unilaterally withdrew the US from the Iran nuclear deal.

Chinese Firm May Replace Total If It Exits Iran

Iranian Oil Minister Bijan Zanganeh says if French energy giant Total decides to exit the Iran South Pars 11 (SP11) gas field development, a Chinese company is ready to replace it.

Iran Cannot Be Ignored on Global Oil Market: Minister

Iran’s oil minister says the Islamic Republic is a country which cannot be ignored on the global energy market.

Street in Tehran Finally Named after Eminent PM Mosaddeq

After long debates over the naming of an important part of Tehran after Iran’s most famous prime minister, the City Council finally changed Tehran’s Naft (oil) street to Mohammad Mosaddeq, the man who nationalized Iran’s oil industry.

Dakar, Tehran Discuss Mutual Cooperation in Gas, Oil

Iranian Foreign Minister Mohammad Javad Zarif and his Senegalese counterpart Sidiki Kaba have conferred on expansion of bilateral ties in various fields, particularly oil and gas cooperation.

Iran to Overtake Saudi Arabia on Petrochemical Market

Iran is counting down to overtake its arch-rival Saudi Arabia when it comes to the production and sale of petrochemical products.

Iran to Ink Three Oil Deals This Month

Iran will sign three oil deals before the end of the current Persian year this month which will include operation of the fields for 20 years, Managing Director of the National Iranian Oil Company (NIOC) said on Saturday.
Oil Swap Deal between Iran, Iraq Delayed over Safety Issues

Oil Swap Deal between Iran, Iraq Delayed over Safety Issues

An oil swap plan between Iran and Iraq is facing delays due to safety problems, secretary of the Iran-Iraq Chamber of Commerce says.

“Iran to Export 3m Barrels of Oil to Russia Monthly”

Iran's oil minister has spoken of the Islamic Republic’s contract with Russia to export 3 million barrels of crude oil to that country.

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