National Iranian Oil Company (NIOC) and the Italian petroleum company Eni signed on Tuesday a memorandum of understanding (MoU) for studying the development of Darkhovin oil field and Kish gas field.
Iran produces about 4 million barrels oil per day, half of which is exported to European countries, an official said.
Iran says it has signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B gas field – a project which the country has for long been negotiating with an Indian consortium.
A senior energy official announced that Afghanistan has voiced willingness to import gas from Iran.
The 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition, attended by 4500 national and international companies, started in the Iranian capital on Saturday.
Minister of Petroleum Bijan Zangeneh said here on Saturday that during the years of President Rouhani's government Iran has turned into an exporter of gas oil.
Head of the National Petrochemical Company of Iran (NPC) Marzieh Shahdaei said seven new petrochemical projects will come on stream in Iran’s Pars Special Economic Energy Zone by the yearend.
One of the most significant achievements made by the government of President Hassan Rouhani in the previous Iranian year (ended March 20, 2017) was breathing a new life into Iran’s oil industry.
Iran is not going to strike crude oil sales agreement with parties that use language of threats against it, says Minister of Petroleum Bijan Zangeneh.
Iran’s crude oil and condensate exports rose three percent month-on-month in January as it continued to regain market share, widening its appeal among refiners around the globe in the process.
Iran says it expects to finalize talks over an ambitious project to export natural gas to Oman through a subsea pipeline in early March.
Reports say Iran has sent at least two supertankers to Europe in what appears to be the country’s first direct shipment of crude oil to EU clients after the removal of sanctions last year.
Iran’s non-oil exports have reached over $35 billion over the first ten months of the current Iranian year, which started on March 20, 2016, latest official data released by the country’s Customs Office shows.
200 members of the Iranian parliament have signed a letter in appreciation of the Iranian oil diplomacy which resulted in Iran’s gaining its pre-sanction quota in the Organization of Petroleum Exporting Countries (OPEC).
The latest reports and data in South Korea show that the country's oil imports from Iran has risen to more than double in the third three months of the year.
Iran says the election of Donald Trump as the next president of the United States has had no impacts on its negotiations with global energy corporations over its new oil projects.
The Islamic Republic of Iran and the Spanish energy company, Repsol S.A., have signed an agreement that doubles Iranian oil exports to the European country.
Iran has exported more than a billion liters of gas oil in the first nine months of the current Persian calendar year (started March 21) after achieving self-sufficiency in production of the fuel.
Minister of Petroleum Bijan Zangeneh has dismissed reports of steep oil price discounts which Iran might be ready to give when the country ramps up production with the lifting of sanctions in 2016.
Iran’s Oil Minister Bijan Zangeneh says Tehran will support any step to help the recovery of the oil market.