Iran to develop its new oil fields
Iran is prepared to sign contracts worth $2 billion to develop oil fields, CEO of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr …
National Iranian Oil Company
Economic Development Ministry predicts Russia 3 years of growth
Russia's Ministry of Economic Development has published a new prediction of the economic situation for the next three years, assuming the Western sanctions will remain in place to the end of this period. This year, the economy …
Iran announces new oil and gas discoveries
Iran has discovered 15 billion barrels of oil, the managing director of the National Iranian Oil Company, Ali Kardor, said, noting that a projected 2 billion barrels were recoverable. He also said 1.8 tcm (63.6 …
Iran hopes to sign new energy deals with Russia
Tehran is hoping to sign new agreements with Russian energy companies by mid-December, Iran's Deputy Oil Minister Amir Zamaninia said. "We hope that by the second half of December, we are ready to sign major …
Iran to produce oil in South Pars by March 2017
The CEO of the National Iranian Oil Company (NIOC) Ali Kardor announced that the country will begin oil production in an oil field of the massive offshore South Pars by the end of the current Iranian year (March 20, …
Iran names new NIOC head
Iran named Ali Kardor as the new head of the state-run National Iranian Oil Company (NIOC) on Sunday, the Oil Ministry's news agency SHANA reported. Oil Minister Bijan Zanganeh issued a …
Trade relations between Tehran and Cairo resumed
Iran and Egypt have resumed trade relations, which were interrupted after the introduction of international sanctions. "Iran has no limitations to the sale of crude oil and oil products to Egypt and any official request will be considered when it …
Lukoil to develop Iranian oil in Khouzestan
Russian Lukoil has signed a contract on two exploration projects in Iran. "Iran has signed a deal with Russia’s Lukoil over two exploration projects in the country’s southwestern oil-rich Khouzestan province," …
Iran plans to start oil supplies to Europe in February, media report
Iran plans to start regular oil supplies to the European Union countries in mid-February of this year, - the article published today in the electronic version of the American newspaper 'The Wall Street Journal' says. …
Total and Lukoil negotiating to buy Iranian oil
The National Iranian Oil Company has started negotiations with the French company Total and Russian Lukoil on the purchase of oil from Iran after the Western sanctions will be lifted, the director of International Affairs of the National Iranian …
