Oil

  • Iran, Russia sign ‘revised’ oil-for-goods deal

    Iran, Russia sign ‘revised’ oil-for-goods deal

    Jun 02, 2017 09:17

    Russia says it has signed a revised contract with Iran over a much-debated and long-delayed scheme to barter crude oil with goods and commodities.

  • Iran signed deal with Gazprom over Farzad B: Zanganeh

    Iran signed deal with Gazprom over Farzad B: Zanganeh

    May 31, 2017 10:28

    Iran says it has signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B gas field – a project which the country has for long been negotiating with an Indian consortium.

  • Total to ink $4 billion Iran gas deal before summer

    Total to ink $4 billion Iran gas deal before summer

    May 27, 2017 10:00

    Iran will sign a $4 billion deal with France’s Total to develop phase 11 of the giant South Pars gas field before summer, Minister of Petroleum Bijan Zangeneh says.

  • Iran not expecting OPEC call to cut output: Zanganeh

    Iran not expecting OPEC call to cut output: Zanganeh

    May 24, 2017 09:08

    Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets to discuss extending an oil output deal tomorrow.

  • Iran to send oil minister to OPEC meeting in Vienna

    Iran to send oil minister to OPEC meeting in Vienna

    May 23, 2017 12:17

    Iran's Oil Minister Bijan Zanganeh is scheduled to leave Tehran for Vienna to attend the 172nd meeting of the member countries of the Organization of the Petroleum Exporting Countries (OPEC).

  • Iran says supports extending oil output cuts

    Iran says supports extending oil output cuts

    Apr 16, 2017 10:41

    Iran has indicated its support for extending a crucial oil output agreement by world’s biggest producers that helped stabilize prices in markets since its implementation early this year.

  • Iran’s oil output to reach 4mn/b next March

    Iran’s oil output to reach 4mn/b next March

    Apr 12, 2017 12:26

    Iran’s Oil Minister says he expects the country’s overall oil production capacity to reach around four million barrels per day (mb/d) by next March.

  • Iran sold all oil stored at sea – report

    Iran sold all oil stored at sea – report

    Apr 06, 2017 08:05

    Oil market sources say Iran has sold all the oil it had stored at sea for years – a sign of the country’s positive performance in marketing its vital crude oil supplies.

  • Iran: Oil exports near record 3 million bpd

    Iran: Oil exports near record 3 million bpd

    Apr 01, 2017 09:30

    Total exports of crude oil and gas condensate by Iran neared a record 3 million barrels per day (bpd) in the Persian month of Esfand which ended on March 21, Minister of Petroleum Bijan Zangeneh says.

  • Iran using gas injections to boost oil output

    Iran using gas injections to boost oil output

    Mar 16, 2017 11:36

    Speculations are emerging in media that Iran is injecting huge amounts of natural gas into its aging oil fields to boost its production of crude oil.