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Iran to name firms eligible for oil awards
Jul 18, 2016 16:11Iran says it is putting the final touches on a preliminary list of foreign companies that it says are eligible to participate in its upcoming tenders to develop its oil and gas fields.
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Iranian body approves new oil deals
Jul 12, 2016 17:21An Iranian advisory body has approved the text of the new format of its oil sector contracts after they were put through certain amendments that had earlier been raised by the critics in the country.
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Iran says it has regained 80% of its lost oil market share
Jul 12, 2016 05:29Iran says it has already regained about 80 percent of the market share it held before the US and European Union tightened sanctions on its oil industry in 2012.
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Iran plant blaze not act of sabotage: Minister of petroleum
Jul 08, 2016 17:28Minister of Petroleum Bijan Zangeneh says a raging blaze at a petrochemical plant in southwest Iran has not been caused as a result of an act of sabotage.
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Indonesia to ink Iran oil blocks deal next month: Report
Jul 02, 2016 16:02Indonesia’s state-owned Pertamina says it will sign an agreement with the National Iranian Oil Company (NIOC) next month to develop two oil and gas blocks in Iran.
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India clearing remaining Iran oil dues via German Bank
Jun 09, 2016 20:06Indian refiners have started to settle the rest of their outstanding oil dues to Iran via State Bank of India and Germany-based bank Europaeisch-Iranische Handelsbank AG (EIH), a report said.
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Russia says oil freeze plan lost relevance
May 29, 2016 16:04Russian Energy Minister Alexander Novak said the idea of freezing oil production has lost its relevance.
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Oil rises past $50 over US stocks report
May 26, 2016 12:48The price of Brent crude on Thursday rose past $50 a barrel for the first time in seven months after the United States announced a fall in its stocks.
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Iranian tankers now free to dock at any port
May 13, 2016 18:23A top Iranian oil official said on Friday that sanctions on Iranian shipping lines have been completely removed, adding that Iranian tankers presently have no problem to travel to ports around the world.
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IEA says Iran’s oil output rose faster than expected
May 12, 2016 20:01The International Energy Agency (IEA) announced on Thursday that Iran’s oil production has risen faster than expected, reaching levels not seen since before the Western sanctions against the country were tightened in 2011.