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Naphtha export brings Iran closer to milestone
Jan 23, 2017 15:09Iran has sold its first consignment of naphtha produced at the Persian Gulf Star Refinery to the UAE as the countdown nears for the operation of the world’s largest condensate refinery.
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Russia says it has lowered oil output by average 100k bpd
Jan 21, 2017 19:52Russia says it has lowered its oil output in the wake of a landmark deal struck in November by the Organization of the Petroleum Exporting Countries (OPEC) to spur prices through reduced production.
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‘Sri Lanka interested in buying oil from Iran’
Jan 15, 2017 13:22Sri Lanka says it is still interested in purchasing crude oil as well as oil products from Iran.
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S Korea's oil imports from Iran up 8 times
Jan 15, 2017 13:20Official figures show South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago.
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Iran’s sells $30bn crude in 9 months
Jan 14, 2017 19:12Deputy petroleum minister says Tehran’s total crude oil and condensate sales reached around $30 billion in the first 9 months of the current Persian calendar year which started on March 20.
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India's 2016 Iran oil imports hit record high
Jan 13, 2017 15:50Official figures show India’s imports of crude oil from Iran hit a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran.
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Nigeria oil, gas workers on strike over payment
Jan 10, 2017 15:13Nigerian oil and gas workers have staged a walkout, claiming that they have not received payment.
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Iran’s daily oil production near 4mn barrels
Jan 10, 2017 13:13Iran says its production of oil has reached around 4 million barrels per day (mb/d) – a yet another indication that the country is regaining its crude production abilities after multiple years of sanctions.
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Iran says Inpex tipped to win Azadegan
Jan 05, 2017 14:24Japan'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 14:25A 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.