Iran oil

Iran Exempted from OPEC+ Output Cut Deal: Minister

The Iranian petroleum minister says Iran, along with Libya and Venezuela, has been exempted from cutting oil output as they are under sanctions.

Oil Price Falls Most since 1991 War, Plunges to $31

Oil prices crashed on Monday by around 30% in what analysts are calling the start of a price war.

Iran Says OPEC’s Friday Meeting among Its ‘Worst Ever’

Iranian Petroleum Minister Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.

Iran’s Petropars Developing South Pars Gas Field Alone

Iranian Minister of Petroleum Bijan Zangeneh says the Iranian energy company Petropars is now developing the Phase 11 of South Pars Gas Field alone after China’s CNPC International and France’s Total fully abandoned the project.

Iran to Open Pavilion at Omani Energy Exhibition

The knowledge-based companies from the Islamic Republic of Iran are going to take part in the Oman Petroleum & Energy Show (OPES) in March 2020.

Researchers Remove Sulfur from Petrol to Decrease Air Pollution

Iranian researchers at the University of Isfahan have conducted a study on removing sulfur from petroleum compounds, as a major step towards better automotive performance.

Iran Builds Ultra-Cold Tanks to Store Refined Oil

A group of Iranian researchers have manufactured ultra-cold tanks used to store refined oil and its derivatives after purification.

Kyrgyzstan Eyes Oil Imports from Iran

Minister of Transport and Roads of the Kyrgyz Republic has voiced his country’s willingness to import oil from Iran and export foodstuffs to the Islamic Republic.

Operation Underway to Stop Leak Off Iranian Rig

Iranian authorities say a major leak that has taken place off an oil rig in the Persian Gulf waters is being contained as they insist more work would be needed to stanch the expanding spill.

Iran Oil Minister Gives Details of Newly-Discovered Oilfield

The Namavaran oilfield recently discovered in Khuzestan Province, south-west of Iran, is the country's second largest reservoir, Iranian Minister of Petroleum Bijan Namdar Zangeneh said.

New Large Oil Field Discovered in Iran: President Rouhani

The Iranian president says a large new oil field with proven reserves of 53 billion barrels of crude has been discovered in the country.

Iran to Use Vegetation to Clean Oil-Contaminated Areas

Researchers at the University of Tehran have managed to identify and introduce native plants that can be used in refining the contaminated soil of oil-rich Gachsaran County in southern Iran.

‘One or More Governments’ behind Attack on Iran Oil Tanker: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says the recent attack on the Iranian tanker SABITI has been carried out by one or more governments based on the information received.

Iran Planning to Use Nanotechnology in Petroleum Industry

Iran’s Vice Presidency for Science and Technology has signed a Memorandum of Understanding with the Ministry of Petroleum for the purpose of using nanotechnology-based products and services in the country’s petroleum industry in order to meet the needs of the industry.

‘Iranian Oil Tanker Struck in Red Sea to Arrive Home within Days’

Iran says that its oil tanker hit by two missiles on Friday morning in the Red Sea near the Saudi port city of Jeddah is on the way back home and would arrive in Iran within 9 or 10 days.

Iran Vows to Retaliate Evil Acts in International Waters

Iran’s top security official has slammed as “piracy” the recent attack on an Iranian oil tanker in the Red Sea, saying evil acts in international waters will not go unanswered.

Iran Investigating Attack on Its Oil Tanker: Spokesman

Iran’s Government Spokesman Ali Rabiei says Tehran is carefully looking into the recent tanker accident in the Red Sea without any haste.

Iran Calls Attack on Its Oil Tanker ‘Dangerous Adventure’

Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi has described an attack on the Iranian oil tanker SABITI in the Red Sea as “a dangerous adventure”, warning that all the responsibilities fall on those behind it.

Explosions Hit Iranian Oil Tanker near Saudi Arabia

An Iranian oil tanker operated by the National Iranian Tanker Company has been hit by two missile attacks near Saudi Arabia.

Tehran Has No Problem Talking to Saudis: Oil Minister

Iran’s oil minister says Tehran has no problem talking to Riyadh officials, and a meeting with his Saudi counterpart during an ongoing event in Moscow is not unlikely.

Iran Denies Reports of Cyber-Attack on Its Oil Facilities

The cyberspace security centre of Iran president's office (AFTA) has in a statement rejected Western media reports that Iranian oil facilities and other vital infrastructure have been targeted by successful cyber-attacks.

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.

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