Iran oil

The latest news and views about the Iranian oil industry

Energy

Iran’s Oil Achievements in Post-Sanctions Era

IFP Editorial Staff -
Iran has managed to raise its oil production and export to 4 million and over 2 million barrels per day, respectively, in a four-month period of time, following the removal of sanctions on the country’s oil sector.
Energy

Iran to Sell $41bn of Oil and Condensate by March: Minister

IFP Media Wire -
Iran’s Oil Minister Bijan Zanganeh says the country’s overall sales of crude oil and condensate will reach as high as $41 billion by the end of the current Iranian calendar year (21 March 2017).
Energy

Iran’s New Nuclear Power Plants Help Save 22 Million Barrels of Oil

IFP Editorial Staff -
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi says the construction of new nuclear power plants in Bushehr, southern Iran, helps save some two million barrels of oil per year.
Economy

29 Int’l Firms Can Bid for Iran’s Oil and Gas Projects

IFP Media Wire -
Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts, a report said.
Energy

Iran Should Boost Export of Oil Products Rather than Crude Oil: Rafsanjani

IFP Editorial Staff -
Chairman of Iran’s Expediency Council Ayatollah Akbar Hashemi Rafsanjani says the export of oil products should be increased.
Economy

After OPEC Deal, Iran Is Now Trying to Attract Foreign Investment

IFP Editorial Staff -
Energy experts believe that Iran need to increase its cooperation with major oil companies if it wants to take better advantage of its recent victory in the Organization of Petroleum Exporting Countries (OPEC) summit.
Energy

​Shell Deal with Iran Seen as Message to US

IFP Media Wire -
Iran on Wednesday awarded a basic agreement to global energy giant Royal Dutch Shell to study three mega oil and gas projects – an agreement that was hailed in Tehran for not only its technical and economic benefits for Iran but also the political message that it sent to the world and specifically the United States.
Cultural Heritage

Iran’s 1st Oil Museum to Open Up in Abadan by December 20

IFP Editorial Staff -
An Iranian oil official says Iran's first Petroleum Museum will be opened in Abadan, southwest of Iran, by December 20.
Energy

Oil Price Soars as OPEC Members Agree on Output Cut

IFP Editorial Staff -
Oil price has surged to one-month high after OPEC agreed to reduce its output by more than 1 million barrels a day.
Energy

Iran Hopeful about OPEC Deal on Output Cuts

IFP Media Wire -
Iran has voiced optimism that a deal is possible among member states of the Organization of the Petroleum Exporting Countries (OPEC) to freeze production to help stabilize the prices.
Energy

Iran May Reduce Its Oil Output as Part of an OPEC Deal

IFP Editorial Staff -
Members of Organization of Petroleum Exporting Countries (OPEC) are close to a deal based on which all member states, including Iran, Saudi Arabia, and Iraq are obliged to cut up to 4.5 percent of their oil output.
Energy

Development of Iran’s Azadegan Oil Field to Be Put Out to Tender: Official

IFP Media Wire -
The deputy head of the National Iranian Oil Company (NIOC) said the country plans to put the development of the South Azadegan oil field out to tender, dismissing reports that the project will be awarded to France’s oil giant Total without its participation in the bid.
Energy

Iran’s Fierce Competition with Iraq over Joint Oilfields

IFP Editorial Staff -
Iran’s employment of Chinese contractors, rather than Western firms, for the development of its joint oilfields has been criticized by energy experts, particularly now that Iraq has speeded up its output from the oilfields it shares with Iran.
Energy

Iran’s President Inaugurates Oil Projects in Southwestern Province

IFP Media Wire -
Iranian President Hassan Rouhani on Sunday inaugurated a number of development projects, including those for developing oil fields, in the southwestern province of Khuzestan.
Energy

BP in Talks with Iran to Develop 4 Oilfields

IFP Media Wire -
Director of National Iranian South Oil Company Bijan Alipour said negotiations are underway with the British Petroleum (BP) on development of four oilfields in south of Iran.
Energy

Iran in Possession of World’s Biggest Floating Oil Inventory

IFP Editorial Staff -
Iran has the world's greatest floating crude oil storage which amounts to over 35 million barrels.
Energy

Iran Supports Measures Aimed at Stabilizing Oil Market: Rouhani

IFP Media Wire -
Iran’s President Hassan Rouhani says the Islamic Republic supports any measures aimed at restoring stability to global oil markets.
Media Wire

Iran’s oil exports hit pre-sanctions high

IFP Media Wire -
Reports say Iran has already been able to increase its oil exports to levels that existed before sanctions were imposed on the country in 2011. 
Energy

Saudis Recognize Iran’s Exemption from Oil Freeze

Golrokh Askarieh -
OPEC member states have achieved an agreement to control production cap, a decision which immediately impacted the markets with oil prices improving.
Energy

Iran Now Has the Edge in Fight over Oil Prices with Saudi Arabia: Report

IFP Editorial Staff -
In an article, Bloomberg has discussed the recent developments in the oil market, particularly the rivalry between Iran and Saudi Arabia.
Energy

Iranian Parliament Endorses New Oil Contract Model

Golrokh Askarieh -
Iran’s parliament has reportedly given the go-ahead to the government to put a new oil contract model into effect.
Economy

Iran Supports Measures Aimed at Stabilizing Oil Market: Minister

Fatemeh Askarieh -
Iranian Minister of Petroleum Bijan Zanganeh says the Islamic Republic supports any potential measures aimed at restoring stability to global oil markets, implying, however, that oil prices should be set at reasonable levels.
Energy

Producing Oil and Gas out of Algae in 20 Minutes

IFP Editorial Staff -
Iranian researchers invented a device that turns algae into petroleum in just 20 minutes.
Energy

Iraq Mulls Selling Oil through Iran: Report

IFP Media Wire -
The Iraqi government says it may consider shipping crude through Iran if talks with the local Kurdish administration on oil revenue sharing fall apart.
Energy

Iran Breaks Records by Exporting 7m Barrels of Oil in One Day

IFP Editorial Staff -
An Iranian oil official says the country has broken many records in oil and gas exports after the implementation of nuclear deal between Tehran and world powers, one of which is the export of 7 million barrels of crude oil in just one day.
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