With the world having learnt who will steer Iran’s government in the next four years, a large number of foreign firms have once again lined up to enter the county’s 80-million-strong market, with the French car producer Peugeot and oil giant Total standing at the forefront of the queue as usual.
A number of the Iranian oil experts have reacted to recent comments by President Rouhani about the vital role of the nuclear deal in the completion of domestic oil projects, saying that he has overstated the impact of the JCPOA and imparted incorrect information
The Iran International Oil, Gas, Refining and Petrochemical Exhibition, known as Iran Oil Show 2017, was kicked off on Saturday at the city's permanent fairground.
An Iranian lawmaker said the real oil price is more than $70 per barrel, and urged the OPEC’s member states to agree on adopting an effective strategy in their upcoming meeting in Vienna to raise the crude value by preserving the balance in oil production.
The Islamic Republic of Iran has turned to the second oil supplier of South Korea, which has imported 2.26 million tonnes of Iranian crude, or 534,368 barrels per day (bpd), up 118.8 percent from 1.03 million tonnes a year ago, reaching a record
During his Thursday visit to southwestern province Khuzestan, Iran’s President Hassan Rouhani visited the AMAK plan, the largest environmental project of the country in oil and gas sector.
An Iranian lawmaker says the Parliament will investigate the veracity of allegations concerning French oil giant Total’s disclosure of secret data about Iran’s South Pars Gas Field to neighbouring Qatar.
The temporary power failure caused by the extremely high level of humidity and dust pollution in Iran's southwestern province Khuzestan has slightly decreased the country's oil production, but it won't influence Iran's OPEC commitments.
An official with Russian energy company Lukoil says the firm’s target area in the Middle East is Iran at the moment, but it also seeks opportunities for growth in other regional countries as well.
Germany’s major oil and petrochemical companies, including BASF, have expressed their willingness to invest a total of $12 billion in the Iranian oil sector.
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.
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).
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.
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 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.
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.
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.
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.
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.
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.
