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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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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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Oil market instability, low prices detrimental to all: Rouhani
Sep 06, 2016 19:27President Hassan Rouhani says an unstable oil market and low prices will be detrimental to both oil exporting countries and consumers.
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Iran supports measures aimed at stabilizing oil market: Minister Zangeneh
Sep 06, 2016 13:29Minister of Petroleum Bijan Zangeneh says the Islamic Republic supports any potential measures aimed at restoring stability to global oil markets, implying, however, that oil prices should be set at reasonable levels.
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Russian President Putin urges compromise on Iran oil production
Sep 02, 2016 10:15Russian President Vladimir Putin has said a potential oil output freeze deal between oil-exporting countries should involve some compromise on Iran’s production levels.
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Oil exports in Iran at 2.1 m/bpd in June
Aug 17, 2016 20:26Iran says its exports of crude oil reached 2.1 million barrels per day (m/bpd) in June. Yet, a top official in Tehran says the figure is still at least 0.4 m/bpd less than the average volume of oil exports of the country before the US-engineered sanctions were imposed against it.
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India’s oil imports from Iran at record highs
Aug 15, 2016 17:36The latest official figures show India’s imports of crude oil from Iran in July rose to the highest levels in more than five years what to analysts is a fresh sign of robust rise in Iran’s crude export abilities.
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Iran approves new format of oil contracts
Aug 03, 2016 16:54Iran’s cabinet has sealed a new format of the country’s oil sector contracts which is hoped to bring in a considerable volume of foreign investment in the Iranian oil and gas projects.