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Oil News in Iran

Zangeneh to Meet with OPEC Sec. Gen., Conference President
12/5/2019 - Iranian Minister of Petroleum Bijan Zangeneh is scheduled to meet with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), and Venezuela's People's Minister of Petroleum...
PEDEC Pursuing Oil Project in Makran, West Karoon Regions
7/30/2019 - The National Iranian Oil Company (in line with the National Resilience Economy Plan) is pursuing enhancement of crude oil production capacity in West Karoon joint oilfields, construction of the Goreh-...
China's Iran Oil Imports Grow to Eight-Month High
5/11/2019 - Chinaís oil imports from Iran climbed to the highest in eight months in April which saw countries stock on Iranian crude before exemptions from US sanctions expired, new tanker data shows. ...
China Condemns US Plan to Stop Waivers for Iran Oil Imports
4/23/2019 - China has slammed US plans to tell it and other countries to stop buying Iranian oil or face sanctions, saying Beijing's cooperation with Tehran is in accordance with law. ...
Rouhani Says US would Fail to Prevent Iran Oil Exports
1/2/2019 - Iranian President Hassan Rouhani said the US would not reach its goals to prevent Iranís oil exports. Addressing the government cabinet meeting on Wednesday, Rouhani described the current economic act...
OPEC Players Frustrated with Saudis, Russia
12/5/2018 - Iran says Qatarís decision to quit the Organization of the Petroleum Exporting Countries (OPEC) shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel that deter...
Iran Sets up Selling Oil via its Energy Bourse
10/29/2018 - Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. Buyers were a...
Iran will Veto any OPEC Decision Jeopardizing Its Interests
9/23/2018 - Iranian minister of petroleum has warned fellow OPEC members against any effort to appease the US, saying Tehran will veto any decision by the Organization of Petroleum Exporting Countries that harms ...
Repsol Encourages US Rage with First Purchase of Iranian Oil
6/9/2018 - Iranís oil exports hit a new record in May which also saw the country sell its first cargo from West Karoun to Spainís Repsol. National Iranian Oil Company exported 2.4 million barrels per day (bpd) o...
Majority of OPEC Members Support Extending Oil Output Cuts
Majority of OPEC Members Support Extending Oil Output Cuts 11/21/2017 - Iranís oil minister said on Monday that a majority of OPEC members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30. ...
Iran Oil Exports Record 8-Month Rise
10/14/2017 - Market figures show Iranís exports of crude oil have reached the highest level since February. Figures released by Bloomberg show that Iran shipped 2.28 million barrels a day (mb/d) of crude oil to in...
Indian Govt Refiners to Buy Less Iran Oil in 2017/18
7/19/2017 - India's state refiners plan to buy less Iranian oil in 2017/18 compared with the last fiscal year, Oil Minister Dharmendra Pradhan said on Wednesday. ...
Iran Oil Output Rises in May 2017
6/14/2017 - Iran produced 3.795 million barrels per day (bpd) of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its...
Iran Raises Oil Exports to West, Almost on Par with Asia
6/10/2017 - Iranís oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil ...
Essarís Four-Month Oil Imports from Iran Rise 8%
5/21/2017 - Iranís key Indian client, Essar Oil received about eight percent more oil from Iran in the first four months of this year which recorded about 150,700 bpd, according to tanker arrival data obtained fr...
Philippines to Import 260,000 bpd of Oil from Iran
5/14/2017 - The Philippines plans to buy 250,000 to 260,000 barrels per day of oil for use in a new refinery from Iran, President of state-own Philippines National Oil Co. (PNOC) Pedro Aquino says. ...
Iran Starts Exports from South Pars Oil Layer
5/10/2017 - Iran exported the first cargo of crude oil to the tune of 700,000 barrels from the South Pars oil layer last week. ...
Oil Recovery of Joint Reservoirs 30% up Under Hassan Rouhani
5/8/2017 - Recovery of oil from Iranís southern oil fields rose by 30% under President Hassan Rouhaniís administration since 2013, an oil official says. ...
Iran Says Has More Demand for Oil than Can Produce
4/8/2017 - Iranian Minister of Petroleum Bijan Zangeneh, reacting to recent threat by India to cut oil purchases from Iran, said the demand for Iranís crude oil is more than it can supply for the time being. ...
Iran Eyes Major Project Startups in Oil Industry During New Year
4/3/2017 - Iranian Minister of Petroleum Bijan Zangeneh says the new Iranian calendar year (began March 21) will be an ďexceptionalĒ year for Iranís petroleum and petrochemical industries as several major projec...

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