Iran oil

The latest news and views about the Iranian oil industry

Energy

Iran Self-Sufficient in Gas Industry: Minister

IFP Media Wire -
Minister of Industries, Mines and Trade Mohammad-Reza Nematzadeh said on Monday, August 1, that the Iranian gas industry is now fully indigenous as the majority of its equipment is made inside the country.
Energy

CNG Supplies Earmarked for Chabahar Power Plant: NIGC

IFP Media Wire -
Managing Director of National Iranian Gas Company Hamid-Reza Araqi said the NIGC will supply Chabahar Power Plant with compressed natural gas (CNG).
Economy

240 Foreign Oil Tankers Berth at Iran’s Kharg Island since JCPOA Enforcement: Official

IFP Media Wire -
The general manager of Bushehr Province Department of Ports and Maritime Organization said some 240 foreign oil supertankers have so far docked at Iran’s southern Kharg oil terminal since the implementation of a lasting nuclear deal between Tehran and world powers.
Media Wire

Iran’s Oil Output at Highest Level in 5 Years

IFP Media Wire -
The latest market figures show that Iran’s oil production has already hit the highest level in the past five years – what could mark a major achievement for the country only months after the removal of sanctions in January.
Media Wire

China’s Oil Imports from Iran up 19.5%

IFP Media Wire -
Recent official figures show that China’s imports of crude oil from Iran jumped by 19.5 percent in May compared to the same period last year.
Media Wire

Tehran Resumes Oil and Gas Exports to Egypt

IFP Media Wire -
Parviz Sahafzadeh, an official with the Iran’s Petrochemical Employers Association, while describing new oil talks with the Egyptians, reported on the resumption of Iran’s liquefied gas exports to the North African country.
Energy

Shell starts to buy Iran’s oil

IFP Media Wire -
Traders say Royal Dutch Shell has resumed purchases of Iranian crude. The company has now become the second major oil firm after Total to restart trade with Tehran after the lifting of sanctions against the country in January.
Energy

Oil CSR Conference Opens in Tehran

Emad Askarieh -
Iran opened the Corporate Social Responsibility Conference in the Petroleum Industry on Tuesday May 17.
Energy

Iran Tankers Now Free to Dock at Any Port

Emad Askarieh -
A top Iranian oil official said on Friday that sanctions on Iranian shipping lines have been completely removed, adding that Iranian tankers presently have no problem to travel to ports around the world.
Energy

IEA says Iran’s Oil Output Rose Faster than Expected

Emad Askarieh -
The International Energy Agency (IEA) announced on Thursday that Iran’s oil production has risen faster than expected, reaching levels not seen since before the Western sanctions against the country were tightened in 2011.
Energy

Tehran Cuts Crude Price amid Riyadh’s Surge Push

Emad Askarieh -
Tehran is reportedly cutting the price of Iranian crude in the Asian trade amid Saudi Arabia’s efforts to flood the already brimming world oil market.
Energy

Saudis Luring Oil Customers Away from Iran: Minister

Emad Askarieh -
Iran’s Oil Minister Bijan Namdar Zanganeh blamed Saudi Arabia for discouraging customers from buying Iranian crude and luring them away by offering lower prices.
Energy

Tehran and Muscat Close Ranks to Tackle Oil Price Slump

Emad Askarieh -
A petroleum activist says that the implementation of the Joint Comprehensive Plan of Action (JCPOA) paves the way for investments in a ban-free Iran. Omani Minster of Oil and Gas Muhammad bin Hamad al-Rumhi says Iran and Oman are to join efforts in addressing falling prices in the oil market.
Energy

Total to cooperate in development of South Azadegan oil field

Emad Askarieh -
An Iranian official said here on Saturday that French oil giant Total has received preliminary information for studying the development of the South Azadegan oil field.
Economy

Iran oil exports hit 2.4 million bpd

Emad Askarieh -
Minister of Petroleum Bijan Zangeneh says Iran’s daily production of oil and condensate has risen to 2.4 million barrels.
Energy

Iran Says Ready to Join Oil Freeze Plan

Emad Askarieh -
Iran said on Friday that it is ready to join an oil freeze plan that has been proposed by several key peer producers to help stabilize the market.
Energy

Iran’s Oil Exports Hit 2.3m bpd: President

Emad Askarieh -
Iran’s exports of oil and gas condensates have reached 2.3 million barrels per day (bpd), almost twice as much as before the Joint Comprehensive Plan of Action (JCPOA), a nuclear deal between Tehran and world powers, came into force, Iranian President Hassan Rouhani said.
Energy

30% Rise in North Azadegan Oil Deposits

Emad Askarieh -
Engineering studies over North Azadegan oilfield indicate that the field holds 30% more crude oil in its despite than was previously estimated in the field's 2008 master development plan (MDP).
Asia

Asian Oil Imports from Iran up by 50% in March

Emad Askarieh -
Iran’s oil exports to Asian countries have increased by 50% in the third month of the current year compared the corresponding period last year.
Energy

Iran’s Early April Crude Exports up by 600,000 bpd

Emad Askarieh -
Iran's crude exports in the first two weeks of April increased by about 600,000 bpd compared to that in the same period the previous year.
Energy

Iran oil exports surpasses 2 million bpd

Emad Askarieh -
Iran has sharply raised oil exports since the lifting of sanctions in January, with the sales of crude and condensate standing over 2 million barrels per day, Minister of Petroleum Bijan Zangeneh says.
Energy

Iran’s oil production up 100k bpd

Emad Askarieh -
The latest market figures show Iran’s oil production rose by 100,000 barrels per day (bpd) in March – a yet another sign of the country’s positive performance after the removal of multiple-year sanctions.
Energy

Iran oil exports at highest level in years

Fatemeh Askarieh -
Reports say Iran’s oil exports reached the highest level in 22 months in January almost immediately after the multiple year sanctions against the country were lifted.
Asia

South Korea ups oil imports from Iran

Emad Askarieh -
A new report says South Korea increased crude imports from Iran by 91 percent in February from a year earlier.
Energy

Iran Oil Export Up at 1.8 mb/d: NIOC Chief

Emad Askarieh -
Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said that Iran has increased its crude oil export to 1.8 million barrels a day.
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