Iran oil

32 people including 30 Iranians and 2 Bangladeshi crew have gone missing after an Iranian oil tanker collided with a bulk freighter and caught fire off China's eastern coast.

An Iranian lawmaker says the member states of Organization of Petroleum Exporting Countries have decided to renew a deal to freeze their oil output with the aim of keeping their production at the current level.

A senior Iranian lawmaker says US President Donald Trump’s recent remarks about an embargo against Iran’s crude oil lack legal credibility and violate the nuclear deal between Tehran and world powers.

The US keeps pressuring the customers of Iran’s oil to prevent them from purchasing petroleum from the Islamic Republic.

An Iranian lawmaker says the Oil Ministry is showing tolerance vis-à-vis the French oil giant Total given the firm’s indicating that it might rethink its agreement with the ministry.

Singapore's Berlanga have signed a Memorandum of Understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct field studies on development of Iran's Dalpari Oilfield.

Japan used to be a major customer of Iran’s energy market but the country drastically reduced its energy imports during the years that Tehran was under international sanctions. However, with the removal of the sanctions, Japan has once again joined the main importers of Iran’s energy.

A senior Iranian oil and gas official say Russia is in talks with the Islamic Republic for development of 10 oil and gas fields in Iran.

Iranian president has highlighted the huge capacities for expansion of Tehran-Tashkent relations, saying the two states should cement their age-old ties in all fields.

Iranian petroleum minister says the Islamic Republic’s doors are open to American firms if President Donald Trump allows them to do business with Iran.

Iranian experts have managed to eliminate oil pollution from groundwater in Asaluyeh region in southern Iran by using local microbes, an official said.

An Iranian official says the Islamic Republic plans to construct an oil refinery in Syria as part of Tehran-Damascus cooperation for rebuilding the war-torn Arab state.

Iran’s petroleum minister has called on well-known foreign energy firms to make investment in projects to explore and extract oil resources in Caspian Sea, north of Iran.

An Iranian legislator says Tehran has no commitment to contracting out the development of its oil fields to India.

Iran’s Parliament Speaker says there must be no restriction on making investment in extraction of oil from the Caspian Sea.

A multi-billion-dollar gas deal signed between Iran and French energy giant Total for the development of Phase 11 of South Pars Gas Field has sparked mixed reactions in Iran.

Iranian President Hassan Rouhani says a multi-billion-dollar gas deal signed between Iran and French energy giant, Total, will facilitate the “transfer of technological, scientific and managerial experience” between Iran and France.

While the French oil giant Total just signed a huge gas deal with Iran, American companies are deprived of Iran’s lucrative oil and gas market due to the restrictions imposed by the US administration.

The National Iranian Oil Company (NIOC) and the French oil giant Total have signed a contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field.

Iran’s free gas export to Turkey has given rise to a considerable controversy in the country with some calling it a great loss inflicted on the national treasury for which the incumbent government is to blame, and some saying that Ankara has already paid for the gas it is receiving from Tehran for free.

With the world having learnt who will steer Iran’s government in the next four years, a large number of foreign firms have once again lined up to enter the county’s 80-million-strong market, with the French car producer Peugeot and oil giant Total standing at the forefront of the queue as usual.

A number of the Iranian oil experts have reacted to recent comments by President Rouhani about the vital role of the nuclear deal in the completion of domestic oil projects, saying that he has overstated the impact of the JCPOA and imparted incorrect information

The Iran International Oil, Gas, Refining and Petrochemical Exhibition, known as Iran Oil Show 2017, was kicked off on Saturday at the city's permanent fairground.

An Iranian lawmaker said the real oil price is more than $70 per barrel, and urged the OPEC’s member states to agree on adopting an effective strategy in their upcoming meeting in Vienna to raise the crude value by preserving the balance in oil production.

The Islamic Republic of Iran has turned to the second oil supplier of South Korea, which has imported 2.26 million tonnes of Iranian crude, or 534,368 barrels per day (bpd), up 118.8 percent from 1.03 million tonnes a year ago, reaching a record