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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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President Rouhani phone conversation with Maduro over oil prices
Oct 04, 2016 05:34President Hassan Rouhani says oil producing countries must take decisions to increase the oil price at international markets.
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Oil firms present proposals for Iran projects
Oct 03, 2016 05:46The Islamic republic of Iran has received the first wave of proposals by major international companies to develop oil and gas projects within the new format of oil contracts recently approved by the administration of President Hassan Rouhani.
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Saudis grandstanding but Iran has upper hand
Sep 28, 2016 18:02As OPEC countries gather in Algiers on Wednesday to discuss how to stabilize the oil market, Saudi Arabia has resorted to political grandstanding against Iran.
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Calls emerge in Iran to join oil freeze plan
Sep 19, 2016 05:22Calls are growing in Tehran that the Islamic Republic should join an emerging oil freeze plan to help stabilize prices in international markets.
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Oil meet must ensure all sides’ interests: Iran
Sep 18, 2016 11:39Iran’s President Hassan Rouhani has called for close cooperation among oil producers to help an upcoming OPEC meeting in Algeria achieve its express aim of stabilizing the market.
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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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Iran's oil swap deal with Total imminent: Report
Sep 10, 2016 14:11Naftiran Intertrade Company Sàrl (NICO) and France’s Total are about to sign an oil swap deal soon to resume shipments from Caspian Sea countries, an Iranian news agency says.