Tehran, Moscow and Ankara might be finding chemistry for an alliance of sorts which explains their first ever joint venture.
The worlds' fifth-biggest crude importer bought 10.67 million tonnes of Iranian crude over the period, up from 7.22 million tonnes in 2016.
Russia’s President Vladimir Putin discussed the development of joint energy projects with Iran’s President Hassan Rouhani over the phone.
Iran says its exports of crude oil to India have increased by 16 percent over the past month.
Iran says it has received a proposal from Norway’s DNO oil and gas operator for the development of a major oil field in the western parts of the Islamic Republic.
The Russian-flagged VF Tanker-20 discharged around 6,000 tonnes of Turkmen origin crude oil at a terminal in the Caspian port of Neka on Aug. 3, reports said.
The agreement was signed in Moscow on Tuesday between Iran's Ghadir investment company, Russia's Zarubezhneft oil and gas intermediary and Turkey's Unit International.
According to new data, India’s purchases of Iranian crude fell 16.3 percent in July from a month ago to 414,900 bpd.
Ukraine reportedly bought $236,000 worth of crude oil from Iran in June but the purchase rose to $5.4 million in July which saw the East European country importing 152,655 tonnes of oil in total.
Iran says it expects to attract as much as $15 billion in foreign investments into its oil and gas projects before next April.
South Korean National Assembly Speaker Chung Sye-kyun oversaw the signing in Tehran on Saturday.
The grandstanding came after Iraqi Oil Minister Jabar al-Luaibi traveled to Tehran on Sunday to push ahead with a pipeline project for shipping Iraq’s crude oil to refineries in neighboring Iran.
Iran says it has received proposals from the global energy giant Royal Dutch Shell for the development of two major oil fields.
Speculations are rising that Iran’s oil exports to China would rise to the highest levels over the past 11 months in August.
The Damghan-Neka pipeline, the last segment of a trunkline which feeds gas from Iran’s giant South Pars field in the Persian Gulf to the Mazandaran province in the Caspian Sea, was inaugurated by Minister of Petroleum Bijan Zangeneh on Tuesday.
The country delivered more than 2.2 million barrels per day of crude to Asian and European markets in July, Ministry of Petroleum data showed on Tuesday.
The two countries have reached an agreement to construct a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran.
Iran and Iraq have started a new round of discussions to promote cooperation in the area of energy.
Russia’s Gazprom has signed a cooperation agreement with an Iranian company over the development of two major oil fields in western Iran.
Iran says it is looking into a demand by Iraq to increase the exports of natural gas to the country.
The Indians have been demanding special treatment on developing the offshore Farzad B gas field which they discovered in 2008.
if the talks yield positive results, Shell could supply fuel not only at the Imam Khomeini International Airport but also in other areas.
Eni CEO Claudio Descalzi says his company is not in a competition for presence in the Islamic Republic, having already clinched deals to develop the country’s Darkhovin oil and Kish gas fields.
On Thursday, Russian President Vladimir Putin signed off on a new state policy strategy that views the US as aspiring to dominate the world’s oceans in a threat to Russia.
The latest shipping figures show India’s purchases of crude oil from Iran in June dropped drastically but instead increased significantly from Venezuela as well as Iraq and Egypt.
The agreement signed in Tehran Monday allows the state-run Russian company to conduct technical surveys on Shadegan and Rag Sefid oil fields in Khuzestan Province.
IDRO received a permit from the Ministry of Petroleum for carrying out studies on the field in May, its Managing Director Mansour Moazzami told Fars news agency.
A consortium of South Korean and Japanese companies has signed agreements to fund and implement a chain of condensate refining projects in southern Iran.
Industry officials have put the total value of investments required in oil, gas and petrochemical sectors at $445 billion.
Amirhossein Zamaninia, Iran’s deputy minister of petroleum for trade and international affairs, says the country is no longer pursuing gas exports to Europe.
French energy giant Total signed a multi-billion-dollar gas deal with Iran, the first by a European firm in more than a decade.
Iran’s long-delayed gas exports to Baghdad started on June 21 at around 7 million cubic meters per day, which will finally rise to 35 million.
The country says it has increased the capacity of its Kharq oil terminal to as high as eight million barrels per day.
Germany’s biggest oil and gas company Wintershall says it is looking into a plan to collaborate with Russia’s energy giant Gazprom over projects in Iran.
Iran has started a much-awaited project to export natural gas to Iraq.
Iran’s Petroleum Minister Bijan Zanganeh has blamed a recent rise in US oil production for the plunge in global prices of crude oil.
Total Chief Executive Patrick Pouyanne who is preparing to sing a major gas contract with Iran has hailed the country’s new format of oil sector agreements as “a real improvement”.
Italy’s Eni is preparing to sign a basic agreement to study Iran’s Kish gas field and Darkhovin oil field.
Iran says it is working on a plan to develop sophisticated small-sized gas liquefaction units – named Mini-LNG plants – with South Korea to answer energy needs in remote areas of the Islamic Republic.
As Iran is preparing to sing a much-delayed deal with the French energy giant Total over the development of a major gas project, indications are growing that Tehran is already looking at the political messages that the deal could send to the world.
The addition of Gazprom Neft, Rosneft, Tatneft and Zarubezhneft plus Socar takes the number of firms eligible to bid for Iran’s oil and gas projects to 34.
A new report shows Iran still has the world’s largest reserves of natural gas and is closely followed by market rivals Russia and then Qatar.
The first consignment of high-quality gasoline produced from its newly-launched Persian Gulf Start Refinery is ready for nationwide distribution.
Iran's exports to Europe in the month surged to their highest level since the lifting of sanctions in early 2016 to 1.1 million barrels per day (bpd).
Russia’s energy giant Lukoil says it expects to sign oil project development contracts with Iran within the next few months.
Russia’s Energy Minister Alexander Novak says Moscow has signed a revised oil-for-goods contract with Iran, adding that the changes concerned technical aspects and prices.
Iran’s Petroleum Minister Bijan Zanganeh says the country has signed a basic agreement with Russia’s Gazprom over the development of Farzad B gas field.
Japan’s largest upstream company has announced that it will consider bidding to develop Iran’s huge oil field.
The United Arab Emirates has reportedly paid past dues to Iran for pre-sanctions purchases of gas condensate.
Iran says it expects to sign an agreement with global energy giant Royal/Dutch Shell in the near future over a key petrochemical project.
The National Iranian Oil Company says a tender for the development of Azadegan oil field would be held in the coming days.
Zangeneh and Total Chief Executive Patrick Pouyanne met in Vienna on the sidelines of the OPEC meeting on Friday night and discussed the gas deal.
Iran has reportedly signed an agreement with Russia under which it will sell crude oil to Russia in exchange for products.
Iran’s Oil Minister Bijan Zanganeh says the country expects to see a boost in foreign investment in its oil sector projects after the re-election of President Hassan Rouhani last week.
Iran’s Oil Minister Bijan Zanganeh says the country is in a stronger position to continue its oil policies after the re-election of President Hassan Rouhani this past Saturday.
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend until March 2018 an oil output cut deal that was sealed last year to help shore up prices.
Iran has signed an agreement with a Spanish-Iranian consortium over the production of corrosion resistant pipes used in the oil industry.
Iran’s Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets to discuss extending an oil output deal tomorrow.
The National Iranian Oil Company (NIOC) says a new gas field has been discovered close to the giant South Pars natural gas field which is shared between Iran and Qatar.
Baghdad has just cleared another $50 million of its $1.2 billion debt which has accumulated over years to Iran, Deputy Energy Minister Houshang Falahatian said.
President of state-own Philippines National Oil Co. (PNOC) Pedro Aquino is in Tehran to attend an international oil industry exhibition.
Reports say India has signed an agreement to import liquefied petroleum gas (LPG) from Iran to meet the rising demand for fuel in the urban sector.
Pall Corporation – a US-based global leader of filtration solutions – is said to be preparing to invest in Iran’s oil industry – the first American enterprise to do so in decades.
Iran’s Petroleum Minister Bijan Zanganeh says the country would favor oil prices at around $55 per barrel.
Iran is preparing to hold a crucial annual oil exhibition in which it says some 1,500 foreign companies from 37 countries would showcase their latest technical achievements.
President Rouhani inaugurates a major fuel production project in the southern port city of Bandar Abbas that is expected to make the country independent from gasoline imports after 36 years.
Iran’s Petroleum Minister Bijan Zanganeh says the country is looking into the possibility of bringing in the French energy giant Total for production of liquefied natural gas (LNG) – a scheme that he said could lead to exports of the fuel to Europe.
Iran has built 7,405 megawatts of new capacity over the past three and half years, including 2,200 megawatts last year.
Iran has named 29 firms as being eligible to bid for oil and gas projects but they have been waiting for the country to finalize the new model before they move forward.
Russia’s Energy Minister Alexander Novak says the country has cut its production of crude oil by around 300,000 barrels per day (bpd) as part of an agreement with world’s oil producers to shore up global prices.
Iran has inaugurated a major solar power plant with an electricity production capacity of 10 megawatts per year.
Fresh signs have appeared that show European companies are gradually getting a strong foothold in Iran’s petrochemical industry.
Amirhossein Zamaniniya, Iran’s deputy petroleum minister for international affairs and trading, says Tehran expects Total to finalize an agreement over the development of South Pars Phase 11 “in less than a month”.
The international Iran Petrochemical Forum opened Saturday with the participation of industry experts, traders and petrochemical producers from more than 18 countries.
Dario Scaffardi, the general manager of Italy’s refiner Saras, says it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 2012.
Iran’s President Hassan Rouhani has inaugurated a series of giant projects in the country’s natural gas hub of South Pars – projects that have now put the Islamic Republic in the lead over production from the field which it shares with Qatar.
Iran’s Oil Minister Bijan Zanganeh says the country supports the extension of an agreement by global oil producers to cut outputs.
South Korea took in 2.26 million tonnes of Iranian crude, or 534,368 barrels per day (bpd), in March, data from Korea National Oil Corp (KNOC) showed Saturday.
Iran says it expects its oil production to reach around four million barrels per day (mb/d) by next March.
India is currently Iran's second biggest oil client after China but there is still room for the two sides to return to levels before the sanctions when Tehran was New Delhi's second oil supplier.
Indian media say Iran has cut by one-third the time it gives to Indian refiners to pay for oil they buy from it and has also raised ship freight rates.
Janos Lazar, the chief of staff of Hungary’s Prime Minister Viktor Orban, says Budapest is preparing to cooperate with Tehran over the joint construction of a small nuclear plant.
BP says the US Treasury Department has authorized it through a license issued in September 2016 to go ahead with operating the Rhum gas field that it jointly shares with the National Iranian Oil Company (NIOC).
Tanker tracking sources say Iran has sold all the oil it had stored at sea for years.
Iran says it is not concerned by India’s decision to cut oil imports from the Islamic Republic.
Iran says its total exports of crude oil and condensate have surpassed 3 million barrels per day (mb/d) – a level not seen for at least the past six years.
Total CEO Patrick Pouyanné says his company is trying to develop its own mechanism to carry out Iran-related banking transactions without falling afoul of US primary sanctions.
Iran has been ramping up crude oil production to win back its market share since sanctions were lifted on the country in January 2015 under a nuclear accord with world countries.
The offshore field in the Persian Gulf is estimated to hold reserves of 12.5 trillion cubic feet of natural gas with a lifetime of 30 years.
Iran’s gas delivery should have started in December 2014 but Pakistan has failed to complete its part of the pipeline under the contract signed back in 2010.
Iran says it is negotiating with Russia to carry out joint natural gas development projects.