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Oil News in Iran

No Raise in Iran Oil Exports
8/17/2015 - Director of international affairs at National Iranian Oil Company (NIOC) says Iran has no plans to raise its oil exports until the western embargoes on the Islamic Republicís energy sector are lifted....
China State Firms to Start Pumping New Oil in Iran
7/31/2015 - China's state oil giants are set to start pumping a combined 160,000 barrels a day at two projects in southwestern Iran from around October, company sources said, contributing to Tehran's plan to boos...
Asian Buyers Set to Size up Iran Barrels
7/28/2015 - The prospects for the return of Iranís oil supplies to the global crude market Ė after sanctions against it are eventually lifted Ė are already raising speculations that the country could eventually e...
US oil Service Giants Yearn for Rreturn to Iran
7/20/2015 - Halliburton and Schlumberger, both among the worldís largest oilfield services companies, are waiting in hopeful anticipation that Iran will ramp up oil exports, US media have said. ...
Oil Market to Remain Balanced after Iran Return
6/15/2015 - Global oil market will maintain its equilibrium even after Iran would have raised its crude exports, Iranís national representative in OPEC said. ...
No Permission Needed for Iran Return to Oil Market
6/7/2015 - Iranís minister of petroleum said the country does not need to take permission from any country or group to return to oil market after sanctions have been lifted. ...
South Africa Seeks Energy Accord with Iran
5/3/2015 - South Africa is willing to sign agreements with Iran in the energy sector, a senior Iranian official said. ...
Iran Oil Exports to Rise in July 2015
4/25/2015 - An international energy group has predicted that Iranís oil exports would rise by 200,000 barrels per day (b/d) by the end of summer if sanctions are lifted in July. ...
OPEC Should Cut Production by at Least 5 Percent
4/14/2015 - The Organization of Petroleum Exporting Countries should cut its target daily production of oil by at least 5 percent, or approximately 1.5 million barrels, Iranian Oil Minister Bijan Zanganeh was quo...
Iran Oil Buyers Queuing
4/4/2015 - A senior Iranian official said buyers of Iranís oil are lining up as hopes are growing for sanctions relief for the country. ďIranís traditional customers are ready to increase their oil purchase fro...
Iran to Double Oil Exports If Sanctions Lifted
3/17/2015 - Iranís petroleum minister said that the country could double its oil exports only several months after sanctions are lifted. ...
Iran to Increase Oil Products Export to Iraq, Afghanistan & Pakistan
3/7/2015 - National Iranian Oil Refining and Distribution Company (NIORDC) Managing Director Nasser Sajadi said that Iran's export of gasoil, kerosene, and fuel oil to Iraq, Afghanistan, and Pakistan will increa...
Knowledge Based Economy Best Alternative to Oil Revenues
2/24/2015 - Knowledge-based economy is the best alternative to falling oil revenues, Iranian Vice-President for Science and Technology Sorena Sattari said. ...
Iran & Iraq Battle Over Oil Clients with Record Discounts
2/17/2015 - Iran and Iraq have taken their battle over a larger share of Asiaís oil market to the open by offering unprecedented discounts to the clients. ...
Oil Ministry to Ban Imports of Oil Products
1/29/2015 - Oil Ministry engineering deputy has said Iran would not fear further plummets in oil prices adopting Ďnew economic measures. ...
Petroleum Ministry Predicts no Future Oil Prices
1/24/2015 - Irans Petroleum Ministry has issued a statement saying that the ministry has no predictions about the future of oil prices. ...
Plot Pushes Oil Price Down to $40
1/23/2015 - Iranís first vice-president said oil prices have dropped to $40 following a conspiracy. ...
Iran Sees no OPEC Shift Toward A Cut - Oil Industry Could Withstand $25 Crude
1/19/2015 - Iran sees no sign of a shift within OPEC toward action to support oil prices, its oil minister said, adding its oil industry could ride out a further price slump to $25 a barrel. The comments are a fu...
Iran Revises Down Budget Oil Price to $40
1/17/2015 - Iranís government plans to revise down oil price in next yearís national budget from $72 to $40 as oil prices continue to plunge in world markets, Minister of Economy Ali Tayyebnia said. ...
S.Korea's 2014 Iran Crude Imports Fall, Within Sanctions Limit
1/15/2015 - South Korea's imports of Iranian crude oil fell 1.7 percent in December from a year earlier, and shipments for 2014 were below the 2013 average, meeting international sanction requirements. ...

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