• Iran supports measures aimed at stabilizing oil market: Minister Zangeneh

    Iran supports measures aimed at stabilizing oil market: Minister Zangeneh

    Sep 06, 2016 08:59

    Minister 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.

  • Russian President Putin urges compromise on Iran oil production

    Russian President Putin urges compromise on Iran oil production

    Sep 02, 2016 05:45

    Russian President Vladimir Putin has said a potential oil output freeze deal between oil-exporting countries should involve some compromise on Iran’s production levels.

  • Oil exports in Iran at 2.1 m/bpd in June

    Oil exports in Iran at 2.1 m/bpd in June

    Aug 17, 2016 15:56

    Iran 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.

  • India’s oil imports from Iran at record highs

    India’s oil imports from Iran at record highs

    Aug 15, 2016 13:06

    The 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.

  • Iran approves new format of oil contracts

    Iran approves new format of oil contracts

    Aug 03, 2016 12:24

    Iran’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.

  • Iran spurs Japan on $10 billion investment plan

    Iran spurs Japan on $10 billion investment plan

    Jul 30, 2016 09:25

    A senior Iranian official has called on Japan to move faster on rolling out a credit package worth $10 billion for investment in Iran.

  • Iran crude oil exports reach new highs: Report

    Iran crude oil exports reach new highs: Report

    Jul 29, 2016 10:51

    The latest market figures show that Iran’s exports of crude oil have already reached the highest levels in more than four years.

  • Iran to name firms eligible for oil awards

    Iran to name firms eligible for oil awards

    Jul 18, 2016 11:41

    Iran 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.

  • India clearing remaining Iran oil dues via German Bank

    India clearing remaining Iran oil dues via German Bank

    Jun 09, 2016 15:36

    Indian 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.

  • Rapid surge seen in Iran’s oil exports

    Rapid surge seen in Iran’s oil exports

    Jun 06, 2016 09:58

    More indications have appeared that show Iran has been able to increase its oil exports at a much faster pace than earlier anticipated.