Iran oil

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.

Two More Bodies Recovered from Burning Iranian Oil Tanker

Chinese rescuers have recovered the bodies of two crew members on an Iranian oil tanker that has been burning since it collided with a freighter last week in the East China Sea.

China Accused of Negligence in Saving Iranian Sailors

Iranian maritime officials have slammed the Chinese for not doing enough to save the Iranian crew on board an oil tanker which caught fire after colliding with a cargo ship.

Rescue Efforts Hindered as Iranian Oil Tanker Giving Off Poisonous Gases

An Iranian oil tanker, which caught fire after colliding with a bulk freighter off China's east coast, is giving off poisonous gases, hindering rescue work there, the managing director of the National Iranian Tanker Company (NITC) said.

30 Iranians Missing after Ship Collision Off China

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.

OPEC to Renew Oil Freeze Pact: Iranian MP

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.

Iran Says Trump’s Oil Embargo Violates Nuclear Deal

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.

US Pressuring Iran’s Oil Customers

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

“Iran’s Oil Ministry Showing Tolerance towards France’s Total”

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 to Conduct Field Studies on Iranian Oilfield

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 Increases Energy Imports from Iran by 94%

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.

Iran, Russia to Boost Cooperation in Developing Oil, Gas Fields

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.

Iran’s President Calls for Enhanced Ties with Uzbekistan

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.

US Firms Can Do Business with Iran If Trump Allows Them to: Minister

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.

Iran Turns Oil-Polluted Lands into Green Belts

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

Iran to Build Oil Refinery in Syria: Official

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 Calls for Foreign Investment in Oil Extraction from Caspian Sea

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.

‘Iran Not Obliged to Contract Out Oil Projects to India’

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

Iran’s Larijani Calls for Investment in Caspian Sea Oil Extraction

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

Iran-Total Gas Deal Sparks Controversy in Tehran

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.

Iran-Total Gas Deal to Facilitate Transfer of Technology: Rouhani

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.

US Losing Iran’s Energy Market to European Firms

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.

Iran, Total Ink Huge Deal for Gas Field Development

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.

Free Gas Export to Turkey Sparks Controversy in Iran

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.

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