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Norway’s DNO to study key Iranian oil field
Nov 17, 2016 10:23Iran has signed an agreement with Norway’s DNO to study the development of a key oil field which is believed to be jointly shared with Iraq in a yet another sign that shows Western companies are already welcoming the country’s lucrative post-sanctions investment opportunities.
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President inaugurates three oil fields in Khouzestan
Nov 13, 2016 14:04Iran has launched first phase production at three fields in its oil-rich Khouzestan province, bringing its total crude output closer to pre-sanction levels.
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Japan’s imports of Iran’s oil up 26%
Oct 15, 2016 06:02The latest official figures show that Iran’s exports of crude oil to Japan increased by almost a quarter from January to August.
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Iran negotiating oil deal with Poland
Oct 10, 2016 17:57Iran says it is discussing a long-term deal to sell crude oil to Poland – what could widen the list of the country’s European oil clients once finalized.
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BP, Hungary buy first post-sanctions Iran oil
Oct 05, 2016 14:28British oil company BP has clinched its first oil deal with the National Iranian Oil Company (NIOC) since last year’s landmark nuclear accord for purchase of condensate, a NIOC official says.
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Iran’s oil exports hit pre-sanctions high
Oct 04, 2016 05:47Reports say Iran has already been able to increase its oil exports to levels that existed before sanctions were imposed on the country in 2011.
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Majlis endorses new oil contract
Sep 17, 2016 14:56Majlis has given the go-ahead to the government to put a new oil contract model into effect, the Ministry of Petroleum’s Shana news agency reported on Saturday.
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Iran says exports of condensate up 76%
Sep 14, 2016 16:44Iran says its exports of gas condensate over a period of five months starting 21 March 2016 have shown a whopping increase of 76 percent compared to the same period last year.
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Oil market instability, low prices detrimental to all: Rouhani
Sep 06, 2016 19:27President Hassan Rouhani says an unstable oil market and low prices will be detrimental to both oil exporting countries and consumers.
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Iran supports measures aimed at stabilizing oil market: Minister Zangeneh
Sep 06, 2016 13:29Minister of Petroleum Bijan Zangeneh says the Islamic Republic supports any potential measures aimed at restoring stability to global oil markets, implying, however, that oil prices should be set at reasonable levels.