Iran hits record oil exports
Iran over the past 12 months has exported record volumes of oil in four years. During the year, gas exports from Iran increased by 15%.
Iranian Oil
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Iran eyes 1.5 bcm/d gas output by 2030
Iranian Deputy Petroleum Minister for Planning Hoshang Fallahtian said that Iran must invest $ 80 billion to increase its gas production within the next eight years to 1.5 billion cubic meters per day. "Iran is one of the oil-rich …
Russian companies invest $4.5 bln in Iran’s oil and gas projects
Russian companies and investors made contracts for development of oil and gas fields in Iran worth $4.5 bln, Oil Minister of Iran Javad Owji said on Monday. "Russian companies and investors made contracts with Iran at the moment …
Turkey seeks Saudi partnership cooperation as it plans to be an energy hub to Europe
Turkey is seeking more cooperation with Saudi Arabia and other countries as it plans to be an energy hub to Europe, its finance minister Nureddin Nebati said. “Turkey from its geographical position is an energy corridor from …
Russia preparing plan to develop 8 Iranian oil and gas fields
Russia’s state petroleum company Gazprom is expected to finalize deals in the near future to develop six oilfields and two gas fields in Iran, Iranian deputy oil minister Ahmad Assadzadeh said. Assadzadeh, who heads international …
Iran pours another 500,000 barrels of oil into storage in Persian Gulf
The Iranian oil company "Continental Plateau" announced the completion of the reconstruction and repair of the 4th oil tank in the Behregan area in the waters of the Persian Gulf. Due to the reconstruction of the fourth …
Iran may have as much 93 million barrels ready to be tapped
About 93 million barrels of Iranian crude and condensate are currently stored on vessels in the Persian Gulf, off Singapore and near China, according to ship-tracking firm Kpler, while Vortexa Ltd. estimates the holdings at 60 to 70 million …
Oil rises on prospect of OPEC supply cut, demand growth
Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural gas prices in Europe, helped offset a dire outlook for U.S. growth. …
Turkey to buy more oil, gas from Iran
Turkish President Recep Tayyip Erdogan has announced that his country would increase its purchases of Iranian oil and gas, a week after meeting with his Iranian counterpart Ebrahim Raisi in Tehran. “Turkey will increase its …
Iran boosts crude supply to Venezuela
freeing up exportable oil
Novak: Russia not to supply oil if price cap is below production costs
Russia will not supply oil to global markets if price caps discussed by countries of the Group of Seven turn out to be lower than production costs, Deputy Prime Minister Alexander Novak said on the air with the Channel One. "If …
US imposes sanctions on Iran, limiting oil exports to Asia
The US has imposed new sanctions on Iran aimed at exporting oil to Asia. The US State Department has identified 15 individuals and entities that are associated with illegal sales and supplies of Iranian oil products. The sanctions list …
Iran slashes cost of its oil to compete with Russia in China
Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market, Bloomberg reported. China has become an important destination for Russian oil. That’s led to …
Greek court overturns decision on U.S. seizure of Iranian oil cargo
A Greek court on Wednesday overturned an earlier court ruling that allowed the confiscation by the United States of part of a cargo of Iranian oil on an Iranian-flagged tanker off the Greek coast, three sources familiar with the matter said. …
Iran shows off underground drone base
100 drones were being kept in the heart of the Zagros mountains
Iran offers Azerbaijan cooperation in oil sector
According Mohsin Khojaste, the CEO of the National Iranian Oil Company, Tehran is currently actively negotiating with Baku on cooperation in the oil fields of the Caspian Sea. According to APA, Khojaste specified that there are no …
Iran’s oil exports increased by 40%
CEO of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr said the country managed to increase its oil exports by 40% at the height of restrictive measures imposed by the United States to choke off Iran’s energy …
Sri Lanka to settle oil import dues to Iran by bartering tea
Sri Lanka plans to settle $251 million in oil import dues owed to Iran by bartering tea, a Sri Lankan minister said on Wednesday, amid dwindling foreign reserves. Plantations Minister Ramesh Pathirana told Reuters he aimed to start …
IRGC Navy foils U.S. attempt at oil theft
An Iranian oil tanker that U.S. forces attempted to block is now in Iran’s territorial waters, Iran’s Press TV said on Wednesday. Iranian state TV has described the incident as a failed attempt to “steal” oil. It …
Naval forces repel pirate attack on Iranian tanker near Gulf of Aden
Iran’s naval troops repulsed an attack by pirates on one of the country’s oil tankers en route to the Gulf of Aden on November 1. An escort squad of the Iranian Navy aboard an oil tanker had an armed encounter with the …
