Energy

President Rouhani, Foreign Ministry offer felicitations on Reporter’s Day

National Reporter’s Day on August 8 marks the martyrdom of IRNA correspondent in Afghanistan Mahmoud Saremi 17 years ago in the northern Afghan city of Mazar-i-Sharif.

Iran to unveil new oil contracts in London

New contracts with foreign companies will be signed in the Integrated Petroleum Contract framework which will be more attractive, said Zanganeh.

Iran to complete all South Pars Oil Field projects in 3 years: Minister

We are able to increase oil production by 500,000 barrels per day anytime we decide to do so, said the Iranian oil minister.

Executives of Italy’s oil giant in Tehran on Tuesday

Now that the prospect for the removal of sanctions imposed on the Islamic Republic is bright, ENI is willing to return to Iran, said Ali Akbar Farazi.

Pipeline taking Iran’s gas to Iraq ready in 20 days: Official

Testing a 100-km stretch of the pipeline has come to an end and the pipeline will be ready to transfer Iran's natural gas to its western neighbor in 20 days, said Alireza Gharibi.

Iran ready for energy cooperation with Armenia: Veep

In a phone conversation with the Armenian prime minister, Jahangiri stressed the necessity for expansion of Iran-Armenia relations.

Iran says piping gas to EU not economical

Exporting gas to nearby countries is much more cost-effective than taking it to Europe through a pipeline several thousand kilometers in length, said Alireza Kameli.

Shell, Eni say look to return to Iran

Shell is interested in returning to Iran in the fullness of time but did not expect any quick, easy deals.

Iranian oil minister, France’s Fabius confer on cooperation on energy

Iran's oil chief has said that his ministry is planning to open a new chapter in cooperation with the French energy giant, Total, for the development of Iranian oil fields.

Iran oil to hit 4.7 million bpd ‘soon’

Iran has the biggest hydrocarbon reserves in the world and deems itself responsible for the world’s energy security, said Zanganeh.

What will happen when Iran’s oil is back on the market?

Fararu, an Iranian news website, has predicted that Iran’s return to global oil markets will bring about a positive change for both producing and consumer nations.

Boosting oil exports top priority for Iranian Oil Ministry: Zanganeh

The Iranian oil minister has said that the Islamic Republic plans to raise its oil exports after the implementation of the historic deal Iran and P5+1 clinched on July 14.

Iran has no plan to offer discounts on gas exports to Turkey

The NIGC chief has said that the result of The Hague arbitration will be out later this year and Turkey’s gas complaint will not affect Iran’s natural gas exports to Turkey.

Is $50 per barrel oil in the offing?

An increase in OPEC output, a hike in the number of American oil rigs and Iran's likely production increase contribute to the decline in oil prices.

Iran vows to double oil exports after sanctions lifted

Iran’s deputy oil minister says oil exports will reach 2.3 million barrels, compared with around 1.2 million barrels a day today.

Report: Turkey in talks to buy Iran fuel oil

Turkey is discussing imports of fuel oil from Iran which is running a surplus of the product amid a decline in domestic consumption, local media said on Thursday.

Iran buys ‘most advanced’ oil vessel

An Iranian energy official has said as many as 30 European and Asian companies have held talks with Iran in recent months to invest in the country’s oil and gas projects.

Iranian official rejects reports on energy talks with US companies

Hosseini said Iran has already held negotiations with major European energy giants.

Iran’s return to oil market gradual: Zanganeh

Zanganeh said oil market stability through balanced supply and demand will remain a priority for OPEC under all circumstances.

Pakistan is counting the cost of its blind obedience to the US

The US has warned energy-poor Pakistan against implementing a gas pipeline project with Iran to counter the growing presence of China in the Muslim country.

Asia refiners renew Iran crude purchase deal

Chinese, Indian, South Korean, Japanese and Turkish refiners have all extended their oil purchase contracts with Iran, said Ghamsari.

Iran cites key oil technology success

Iran’s Oil Ministry has said its experts have been able to build a gas microbubble generator which facilitates drillings into oil wells.

Berlin after energy deals with Tehran: Official

The German foreign ministry spokesman has said a final nuclear deal between Iran and P5+1would help set the stage for energy cooperation between Tehran and Berlin.

Italy’s giant energy company ‘Eni’ eyes role in Iran

Officials from Eni conducted negotiations with the Iranian oil minister a few days ago on development of Iran’s joint fields, said Abdolreza Haji Hosseininejad.

Iran breaks US monopoly in production of industrial lubricant

Iran has broken the US monopoly in production of an industrial lubricant, which is a strategic oil product, says an oil expert.

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