Oil Minister Bijan Namdar Zanganeh said on Sunday the country's oil output has increased by 165,000 barrels per day in the last 10 months compared with the corresponding period of last year.
News ID: 1899 Publish Date : 2018/02/05
National Iranian Oil Company’s Department of Reservoir Management is assessing development proposals submitted for Karanj Oilfield, a reservoir in Khuzestan Province, by Pergas Consortium, a group of international oil and gas companies, and MAPNA Group, an energy and engineering conglomerate.
News ID: 1888 Publish Date : 2018/01/31
Indecision over where to list the shares of the world's largest energy company is reportedly playing a major role in holding up what is expected to be the biggest-ever initial public offering.
News ID: 1887 Publish Date : 2018/01/31
Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker US dollar underpinned prices.
News ID: 1868 Publish Date : 2018/01/28
As oil trades near a three-year high and crude stockpiles fall rapidly, analysts are questioning whether the OPEC-led production cuts will last until the end of the year.
News ID: 1828 Publish Date : 2018/01/21
Iran's crude production inched up in December as the country maintained output close to levels it has agreed to under a global supply cut deal, OPEC's data showed on Thursday.
News ID: 1819 Publish Date : 2018/01/20
Iran is scheduled to send a new condensate cargo to South Korea this week, signaling a return of oil exports to the East Asian country following the tragic sinking of its previous South Korea-bound shipment.
News ID: 1806 Publish Date : 2018/01/17
An Iranian oil tanker has sunk after burning for more than a week following a collision on Jan. 6 in the East China Sea, Chinese state media said on Sunday, adding that large amounts of oil are burning in the surrounding waters.
News ID: 1798 Publish Date : 2018/01/15
Iran's light crude oil extended its rally to its highest level of above $66 a barrel in more than two years on the back of a bull run in global markets.
News ID: 1781 Publish Date : 2018/01/13
OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Persian Gulf exporters, a Reuters survey found, showing strong commitment to the deal despite higher prices.
News ID: 1765 Publish Date : 2018/01/07
Early production from South Pars Gas Field's Phase 14 in the Persian Gulf is planned to start in mid-February, the director of the phase said this week.
News ID: 1764 Publish Date : 2018/01/07
Iran's export of crude oil and gas condensate amounted to nearly 1 billion barrels in 2017 in a year that OPEC and other producers stepped up efforts to keep a lid on supplies and drain bloated inventories.
News ID: 1748 Publish Date : 2018/01/02
The National Iranian Tanker Company has signed over 200 leasing contracts for its vessels in two years since international economic curbs were lifted, the company's chief executive officer said.
News ID: 1740 Publish Date : 2017/12/29
Indian refiners imported nearly half as much crude oil from Iran in November as the month before, ship tracking data showed, while South Korea’s imports last month dropped to the lowest level since June.
News ID: 1698 Publish Date : 2017/12/16
Iran will finalize a deal for Azadegan Oilfield, the crown jewel of its shared oil deposits, by the summer of 2018, Oil Minister Bijan Namdar Zanganeh said.
News ID: 1696 Publish Date : 2017/12/16
Average prices of Iranian crude oil have soared by around $12 per barrel in 2017 from the previous year, the Oil Ministry said, reflecting an upward trajectory in global prices of the energy commodity.
News ID: 1655 Publish Date : 2017/12/11
Iraqi Oil Minister Jabar al-Luaibi said on Sunday a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from northern Iraq's Kirkuk Oilfield for Iranian oil is for one year and subject to renewal.
News ID: 1653 Publish Date : 2017/12/11
Sri Lanka is willing to source its demand for oil derivatives from Iran, Sri Lankan ambassador in Tehran said on Sunday.
News ID: 1651 Publish Date : 2017/12/11
Kuwait’s Oil Minister Essam al-Marzouq said on Sunday OPEC and other oil producers will study before June the possibility of an exit strategy from the global oil supply-cut agreement.
News ID: 1649 Publish Date : 2017/12/11
Venezuela’s crude oil exports to the United States fell in November to their lowest level since January 2003, when a strike knocked down the country’s output, due to sanctions and a steep production decline, according to Reuters data.
News ID: 1642 Publish Date : 2017/12/11
