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Oil News in Iran

India to Cut Iranian Oil Purchases in Row Over Gas Field
3/31/2017 - Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortiu...
OPEC Expects Growth in 2017 Non-OPEC Oil Supply
3/16/2017 - Preliminary data indicates that the worldís oil supply decreased in February by 0.21 million barrels per day, as compared to January to average 95.88 million barrels per day, OPEC said in its March Oi...
Diplomat Revers Oil Industry for Achievements in Post-Sanctions Era
3/7/2017 - Abbas Araghchi, senior Iranian diplomat who was directly involved in Iranís nuclear talks with the P5+1 group of countries, lauded the Iranian Ministry of Petroleum for its achievements since implemen...
Iranís Post-Sanctions Oil Exports to EU Rise
3/4/2017 - Reports say Iranís exports of crude oil to Europe surged after the EU lifted most of the trade and financial restrictions against the country in January 2016. Platts energy news service reported that ...
Belarus Purchases 1st Ever Iranian Oil Cargo
2/19/2017 - Belaruss BelOil Polska had purchased 600,000 barrels of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in February, the countrys first purchase of Iranian crude...
Lotos Seeking Long-term Iran Oil Supply Deal
2/18/2017 - Polands second-biggest refiner Lotos is eying for sealing a long-term oil supply deal with Iran. Lotos Chief Executive Officer Marcin Jastrzebski stated that the deal could be signed with Iran after ...
Lotos Seeking Long-term Iran Oil Supply Deal
2/13/2017 - Polands second-biggest refiner Lotos is eying for sealing a long-term oil supply deal with Iran. Lotos Chief Executive Officer Marcin Jastrzebski stated that the deal could be signed with Iran after h...
Iran Says Positive Market Reaction to OPEC Decision will Continue
2/12/2017 - Iranian Minister of Petroleum Bijan Zangeneh described the oil market reaction to Organization of the output cut plan of the Petroleum Exporting Countries (OPEC) as desirable, saying the current trend...
No Trouble Talking Oil with Saudis
2/11/2017 - Iran has no trouble for talks with Saudi Arabia in order to stabilize the oil market, stated Minister of Petroleum Bijan Zangeneh as he praises OPEC commitment to production cuts. ...
Japan Imports Iranian Major Condensate Cargo
1/28/2017 - Japan has started importing Iranian condensate Ė a form of ultra light oil - from two newly launched phases of the countrys giant South Pars gas field. ...
South Koreas Iranian Oil Imports Up 8 Times
1/16/2017 - Official figures manifest that South Koreaís imports of oil from Iran last December soared about eight times greater than a year ago _ suggesting that the country is getting a stronger position in the...
Asias November Imports of Iranian Oil more than Double from Year Ago
12/31/2016 - Imports of crude oil by Irans four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and South Korea more than four times higher, ...
Iran's Economy Before & After Sanctions
12/28/2016 - Iranís domestic and international predictions expect that economic growth will be more than 5% in 2016, after emerging from years of isolation and crippling international sanctions over the country's ...
Iran Starts Selling Oil to Italy's Eni
12/19/2016 - National Iranian Oil Company (NIOC) has signed a short-term contract with Eni to sell crude, an Iranian official said on Monday, as it seeks to revive the agreement it had with the Italian oil major p...
NISOC CEO Elated at OPEC Decision
12/10/2016 - Managing director of the National Iranian South Oil Company (NISOC) Bijan Alipour sent a letter to Iranian Minister of Petroleum Bijan Zangeneh to express his elation at the decision Organization of t...
OPEC Moves Closer to Oil Deal as Iran Gets New Offer
OPEC Moves Closer to Oil Deal as Iran Gets New Offer 11/18/2016 - OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and ...
Some Japan Trading Houses Eye Resuming Iran Oil Imports
10/19/2016 - Japanese traders including Marubeni Corp and Sumitomo Corp that stopped buying Iranian oil during western sanctions are looking to resume imports, potentially by year-end, industry sources said. ...
OPEC Makes Exceptional Decision
10/1/2016 - Minister of Petroleum Bijan Zanganeh says OPECís Algeria meeting had made an exceptional decision. ...
Oil Meet Must Ensure all Sidesí Interests
9/25/2016 - Iranís President Hassan Rouhani has called for close cooperation among oil producers to help an upcoming OPEC meeting in Algeria achieve its express aim of stabilizing the market. ...
Iran Committed to Oil Market Stability
9/25/2016 - The OPEC chief says Iran is committed to building consensus among crude producers on stabilizing the oil market which is faced with a massive supply glut. ...

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