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Iran VP lauds oil industry post-JCPOA performance
Jan 24, 2017 13:21First Vice-President Eshaq Jahangiri says Iran's oil industry's performance in the aftermath of the implementation of the Joint Comprehensive Plan of Action (JCPOA) was "something great".
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Iran sends first condensate cargo to Europe
Dec 22, 2016 13:18Iran says it has sent its first cargo of gas condensate to Europe in a sign that shows the country is already expanding the market for its ultra light oil.
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Malaysia’s Petronas to study Iranian oil fields
Dec 22, 2016 13:17Malaysia’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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OPEC agrees first oil production cut in 8 yrs: Informed source
Nov 30, 2016 15:50Delegates attending the 171st ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) have reached an agreement to slash oil production in a bid to prop up global prices, the first output cut since 2008, an informed source says.
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South Korea’s Iran oil imports doubled in Q3
Nov 29, 2016 14:13The latest official figures show that South Korea’s imports of crude oil from Iran more than doubled in the third quarter in a yet another indication that the Islamic Republic is rapidly increasing its post-sanctions oil exports.
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Oil prices may surpass $50 if all producers agree: Petroleum minister
Nov 19, 2016 15:01Minister of Petroleum Bijan Zangeneh has expressed optimism about an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) later this month, saying crude prices could surpass $50 a barrel if an agreement is reached.
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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.