Iran Finds New 53 Bln Barrel Oilfield
Iran has discovered a new oilfield in the southwest of the country that has the potential to boost its reserves by about a third, President Hassan Rouhani said on Sunday."Workers…
CNPC Replacing Total in South Pars Gas Project
China’s state-owned CNPC has replaced France’s Total in Iran's multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi…
Oil Prices Fall Ahead of U.S. Crude Stocks Data
Oil prices fell on Wednesday after three days of gains as markets awaited key U.S. inventory data expected to show a build in U.S. crude stockpiles.Brent crude was down 65 cents at $80.76 a barrel by 1325 GMT…
Indian Oil Sees No Impact from U.S. Sanctions on Refinery JV Investment with Iran
Indian Oil Corp.'s planned $5.10 billion expansion of its unit Chennai Petroleum , partly owned by Iran, is not expected to be hit by U.S. sanctions against Tehran, Chairman…
Iran's Oil Customers in Europe Might Reduce Imports
European oil companies are not ruling out reducing Iranian oil imports after the threat of new U.S. sanctions, with some expecting banking issues to hinder trade, but there…
Iran: New Sanctions Won't Stop its Oil Industry
The Iranian oil industry will continue to develop even if the United States pulls out of the 2015 Iran nuclear deal, and Tehran would see the accord as operational as long as it can sell oil…
Iran and Russia Sign Deal to Develop Two Oilfields
Iran and Russia signed a deal on Wednesday to develop two oilfields in Iran, according to Iranian state TV. The National Iranian Oil Company signed a deal with Russia’s Zarubezhneft to develop the fields…
Gazprom Signs Memorandum on Iran LNG
Russian gas giant Gazprom said on Wednesday it had signed a memorandum on possible cooperation in a liquefied natural gas project in Iran. It said the memorandum was signed with Iranian Oil Industry Pension…
Rosneft, NIOC Eye $30 Bln in Oil and Gas Projects
Russian oil producer Rosneft and the National Iranian Oil Company have signed a road map on the implementation of "strategic" projects in Iran with total investments worth up to $30 billion…
Exmar in Talks to Supply FLNG Vessel for Iran Project
Belgium's Exmar is in negotiations for the use of its floating liquefied natural gas vessel Caribbean FLNG (CFLNG) for an Iranian export project, the company told Reuters on Thursday.
Maersk: 140,000 bpd Possible From South Pars
Denmark's Maersk Oil has estimated potential output for the second phase of Iran's South Pars oil deposit at 120,000-140,000 barrels of oil per day, Fars News Agency reported…
Total Wins Iran Gas Field Deal
French oil major Total said on Monday it had signed a contract with Iran to develop the giant South Pars gas field, marking the first major Western energy investment since sanctions against Tehran were lifted.
OMV Says It's Owed $148 Mln from Iran
The National Iranian Oil Company (NIOC) still owes Austrian oil and gas group OMV $148 million, OMV's exploration and production chief Johann Pleininger told a meeting of shareholders on Wednesday.
Gazprom, Iran's NIOC Sign Memorandum on Gas Cooperation
Russian top gas producer Gazprom and National Iranian Oil Company (NIOC) signed a memorandum on cooperation in the gas sphere on Tuesday. The memorandum was signed in the…
Iran finds 2 bln barrels shale oil reserves in western province
Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on Saturday.
Iran to hold tender for oil, natural gas fields
Iran will launch new contracts to develop oil and natural gas fields in mid-February in the country's first such tender since the lifting of international sanctions a year ago, an oil official said on Saturday.
OMV, Dana Energy Ink Oil & Gas Deal
Energy company OMV signed a memorandum of understanding for the development and re-development of oil and gas projects in Iran with Tehran-based Dana Energy, the Austrian group said on Wednesday…
Iran Negotiating to Export 4 mln bbls per month to Philippines
National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country, Iran's English-language Press…
DNO Among 29 Pre-Qualified Oil Fims in Iran
Oslo-listed oil firm DNO is among the 29 companies that have been pre-qualified to bid for oil and gas projects using the new Iranian Petroleum Contracts, the Iranian oil…
Bids for second phase Development of Iranian oilfields
Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday.
