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Iran says Inpex tipped to win Azadegan
Jan 05, 2017 10:54Japan's largest oil and gas exploration and production company is reportedly trying to win a contract over the development of a major oil project in Iran that it abandoned in 2010.
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"Iran plans 40% oil recovery rate in 30 years"
Jan 01, 2017 10:55A senior Iranian oil official says the country has plans to bring its oil recovery rate to an average of 40% in a 30-year period.
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Asia imports of Iranian oil more than doubled
Dec 28, 2016 11:06India and South Korea have raised oil imports from Iran more than four times in a month which saw four major Asian buyers more than double their purchases from a year ago.
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Iran oil production increases by nearly 19% in 9 months
Dec 26, 2016 02:05Iran’s oil production increased by 18.8 percent in the first nine months of 2016, reaching 3.92 million barrels per day (mb/d), the US Energy Information Agency (EIA) says.
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Malaysia’s Petronas to study Iranian oil fields
Dec 22, 2016 09:47Malaysia’s Petronas has signed an agreement to study two Iranian oil fields – the latest in a wave of similar agreements that the country is awarding international energy giants over its most lucrative oil projects.
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Iran to sell 1mn barrels of oil to Indonesia
Dec 20, 2016 07:27Indonesia says it plans to buy 1 million barrels of crude oil from Iran in the first quarter of the next year.
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Iran, Russia to form joint oil, gas companies
Dec 14, 2016 12:00Iran's Minister of Industries, Mines and Trade, Mohammad-Reza Nematzadeh, has suggested formation of joint oil and gas companies by Iran and Russia.
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Qatar, Kuwait companies to reduce production from beginning of 2017
Dec 13, 2016 12:00Oil companies in Qatar and Kuwait have announced that they will reduce production levels as of the beginning of 2017.
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Iran says oil to stay between $50-$55
Dec 13, 2016 10:50Iran’s Oil Minister Bijan Zanganeh says he expects the price of oil to remain within the margin of $50 to $55 per barrel following a recent deal between OPEC and non-OPEC producers to curtail output.
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Russia to attend OPEC/non-OPEC meeting on output cuts
Dec 06, 2016 11:25Russia says it will participate in a meeting of OPEC and non-OPEC members amid fluctuating oil prices over doubts about the outcome of a recent agreement to slash production.