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The latest news and views about the Iranian oil industry

Iran Digging for New Gas Reserves in Persian Gulf

Iran has launched a scheme to explore and use new undersea gas reserves in the Persian Gulf, considering an inevitable drop of pressure at the giant South Pars gas field, shared with Qatar.

New Phase of South Pars Gas Field to Become Operational: Oil Minister

Iran’s oil minister says the status of phase 11 of the South Pars Gas Field as well as Farzad B Gas field will be settled this year.

Iran’s Oil Tanker Adrian Darya Reaches Destination: Spokesman

The spokesperson for Iran’s Foreign Ministry says the country’s supertanker ‘Adrian Darya-1’ has reached its destination and unloaded its cargo.

Iran Will Return to JCPOA Only If Oil Sales Guaranteed

A top Iranian diplomat says the country’s implementation of its commitments under the 2015 nuclear deal is possible only if Iran’s oil sales and its access to the revenues are guaranteed by the European parties.

Iran Says US Shows ‘Some Flexibility’ on Easing Oil Bans

Iran’s Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi says the US has shown some "flexibility" regarding the easing of Iran oil sanctions during a recent meeting with the French president.

US Sanctions Iranian Tanker Adrian Darya 1, Its Captain

The United States has blacklisted the Iranian-operated supertanker Adrian Darya 1 and sanctioned its captain, according to the US Treasury Department.

New Oil Reserves Found in South-Western Iran

Iran has discovered new oil reserves in the southwestern Dezful region, the National Iranian Oil Company Exploration Directorate (NIOCEXP) says.

UK Says Iran Must Be Allowed to Sell Its Oil

The United Kingdom’s Ambassador to Tehran Rob Macaire says the Islamic Republic must be allowed to sell its crude oil despite the US sanctions, and London supports the country in doing that.
Iranian tanker Happiness 1

Iran Thanks Saudis for Releasing Oil Tanker, Helping Injured Sailor

Iran’s Foreign Ministry spokesman has appreciated Saudi, Omani, and Swiss officials for their cooperation to secure the release of an Iranian oil tanker from Saudi Arabia’s Jeddah and the repatriation of an injured Iranian sailor who was hospitalized in the kingdom’s Jizan.
Parliament

Iranian MP: No Place for Oil in Next Year’s Budget

A senior Iranian lawmaker has unveiled plans to free the country’s budget in the coming year from the share of petrodollars.

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