Energy

Tehran is reportedly cutting the price of Iranian crude in the Asian trade amid Saudi Arabia’s efforts to flood the already brimming world oil market.

Asian imports of Iranian oil in March jumped 50% from a year earlier, as shipments to India and South Korea have risen since international sanctions were lifted on Iran.

Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi announced that his country is holding talks with the Russians to sell them 40 tons of its excess heavy water.

The export of gas to Iraq is Iran’s top priority, the Director of National Iranian Gas Company for Planning, Mohammad Reza Qodsizadeh, said on Monday May 9.

Surveys are being carried out all over Iran to explore new oil and gas reserves, the head of the National Iranian Oil Company’s Exploration Directorate announced.

Iran’s Research Institute of Petroleum Industry and the Norway's International Aker Solutions Company inked a Memorandum of Understanding to cooperate in the field of oil and gas, an official said on May 9.

President Hassan Rouhani underlined that for economic growth to gather pace, the Parliament and Administration need to close ranks.

There is no major obstacle to the sale of Iranian crude in international markets, an Iranian deputy oil minister for international affairs and marketing said.

Iran’s Oil Minister Bijan Namdar Zanganeh blamed Saudi Arabia for discouraging customers from buying Iranian crude and luring them away by offering lower prices.

The Petrochemical Research and Technology Company (PTRC) and the Supplying Petrochemical Industries Parts, Equipment & Chemicals Engineering Company (SPEC) have signed an agreement to...

An AEOI spokesman said that Iran welcomes cooperation with Poland on nuclear science and technology.

A senior Petroleum Ministry official has called for the private sector to step in and help recover billions of dollars from going to waste in Iran’s natural gas flares.

A petroleum activist says that the implementation of the Joint Comprehensive Plan of Action (JCPOA) paves the way for investments in a ban-free Iran. Omani Minster of Oil and Gas Muhammad bin Hamad al-Rumhi says Iran and Oman are to join efforts in addressing falling prices in the oil market.

Iranian President Hassan Rouhani said the country’s exports of oil will be soon equal to the level of the pre-sanctions era, noting that part of the banking problems will be also fixed.

An Iranian official said here on Saturday that French oil giant Total has received preliminary information for studying the development of the South Azadegan oil field.

The Indian oil minister said the South Asian country is scheduled to pay an outstanding oil debt to Tehran via European banks.

Minister of Petroleum Bijan Zangeneh says Iran’s daily production of oil and condensate has risen to 2.4 million barrels.

Iranian refineries’ gas condensate output rose by 35% in the Iranian month of Farvardin (March 20-April 19).

Iran said on Friday that it will take over Qatar in production of natural gas from a key field that both share as it expects a significant rise in production from the field before March 2017.

Iran said on Friday that it is ready to join an oil freeze plan that has been proposed by several key peer producers to help stabilize the market.

Iran’s Power Generation and Transmission Company (TAVANIR) and the Korea Electric Power Corporation (KEPCO) have sealed a deal over expansion of cooperation in power and energy industries.

When the Anglo-Persian Oil Company purchased a parcel of land from Sheikh Khazal to build the most important oil refinery in the world, it...

Petroleum Minister Bijan Zangeneh says over $4bn will be added to the country’s petrochemical value this calendar year.

Germany is seeking to establish long-term cooperation with solar companies and industry associations in Iran, a report said.

KOGAS has agreed to engineer and launch Iran’s 9th and 11th cross-country pipeline projects, based on a Memorandum of Understanding (MoU) signed with the National Iranian Gas Company on Sunday May 1, a senior NIGC official said.