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Oil prices may surpass $50 if all producers agree: Petroleum minister
Nov 19, 2016 11:31Minister 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 06:53Iran 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 10:34Iran 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 02:32The 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 14:27Iran 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 10:58British 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 02:17Reports 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 10:26Majlis 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 12:14Iran 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 14:57President Hassan Rouhani says an unstable oil market and low prices will be detrimental to both oil exporting countries and consumers.