Iran says it is negotiation with China over a project to revamp its oldest and biggest refinery.
Russian firms will improve efficiency at Ramin power plant in Khuzestan province and build a 1,400-megawatt station in Bandar Abbas.
The first NITC tanker leased to a major Spanish oil company docked at the Port of Algeciras just recently.
Reuters says global ship insurers have reached a deal to provide full coverage for Iranian oil exports without involving US-domiciled reinsurers.
Iran expects to make as high as $41 billion in sales of oil and condensate by the end of March.
Figures show that South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago.
Sri Lanka says it is still interested in purchasing crude oil as well as oil products from Iran.
Iran’s Deputy Petroleum Minister says Tehran’s total crude oil and condensate sales reached around $30 billion in the first 9 months of the current calendar Persian year which started on March 20.
Deputy petroleum minister says the country needs to attract huge investment to develop its thriving petrochemical sector.
Figures show that India’s imports of crude oil from Iran hit a record high in 2016.
Iran says it is ready to start exporting natural gas to Iraq.
Gholam-Reza Manouchehri, the deputy for development and engineering affairs of the National Iranian Oil Company (NIOC) says Iran’s production of oil has reached around 4 million barrels per day (mb/d).
Iran says it is negotiating with companies from Japan to upgrade two key refineries in Tehran and Bandar Abbas.
Iran has managed to sell nearly half of oil that it had long held on tankers at sea as it capitalizes on OPEC oil cut to sell millions of barrels, courting new customers around the globe.
Iran says it is negotiating with the Philippines to export 4 million barrels of oil to the country per month.
China’s imports of crude oil from Iran are expected to reach a record high in 2017.
A top Iranian official says Japan’s top energy developer Inpex is a strong candidate for winning a contract for the development of Azadegan oil field.
Iran says it plans to sue Turkmenistan for cutting supplies of natural gas in light of a recent row between the two countries on outstanding gas purchase payments.
Vitol has signed a deal with Iran to provide the country with a major loan worth the euro equivalent of $1 billion.
Iran has named 29 companies that it says are eligible to bid for its new oil industry projects.
Iran described as “illogical” a move by Turkmenistan to halt gas supplies to the country as a result of a row over outstanding debts.
Local media laud Iran's successful diplomatic efforts to resolve a gas dispute with its northeastern neighbor.
Iran says its exports of crude oil and condensate – a type of very light crude produced from gas fields – to global energy giants BP and Shell have increased.
South Korea’s Daelim Industrial Company has won a deal worth $1.9 billion to expand Iran’s Isfahan refinery.
China, India, South Korea and Japan imported 1.94 million barrels per day last month, up 117 percent on a year earlier.
Turkmenistan has threatened to stop the gas flow across the border if Iran does not settle a debt which it claims remains outstanding from previous imports.
Gholam-Reza Manouchehri, the deputy for development and engineering affairs of the National Iranian Oil Company (NIOC), says at least 10 more oil and gas development contracts will be awarded to international companies.
The National Iranian Oil Company says Sinopec and China National Petroleum Corporation will have to participate in tenders for development of North Azadegan and Yadavaran oil fields.
Iran says it has sent its first cargo of condensate to Europe.
Malaysia’s Petronas has signed an agreement to study Iran’s South Azadegan and Cheshmeh Khosh oil fields.
According to Fars, 38 Iranian tankers with oil are parked in sea lanes close to terminals in four ports.
Iran says it will reduce its heavy water export due to an oversupply in the international market.
Iran says Italy’s energy giant Eni has started buying crude oil from it.
Indonesia says it plans to buy 1 million barrels of crude oil from Iran in the first quarter of the next year.
Iran’s deputy petroleum minister says the country will become self-sufficient in gasoline production next year as it eyes exporting the crucial fuel to other countries in the region and across the world.
Iran’s petroleum minister says Russian energy firms seek to make oil and gas swap deals with Tehran.
Poland’s state-run refiner PKN Orlen says it has purchased 1 million barrels of Light crude oil from Iran.
Iran’s Oil Minister Bijan Zanganeh says he’s certain the price of oil will stay between $50 and $55 per barrel following recent agreements both inside OPEC and between non-OPEC producers to curb output.
Russia’s Gazpromneft - a main subsidiary of global gas giant Gazprom - has signed a basic agreement with Iran to study two key oil fields in the country’s west.
Austria’s OMV is reportedly negotiating with Iran over the development of the country’s western oil field of Cheshmeh Khosh.
Royal Dutch Shell has signed a basic agreement to study the development of Iran’s South Azadegan and Yadavaran oil fields as well as its Kish gas field.
Iran is seeking 5,000 megawatts of renewable energy by 2020, with more than 4,000 megawatts expected to come from wind power stations.
Iran has signed a basic agreement with Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) to study its Changuleh oil field.
Figures released by Reuters show that Iran’s oil production rose by 40,000 barrels per day (bpd) in November.
The agreement by OPEC to exempt Iran from a much-debated oil freeze plan has been praised by the country’s media as a victory.
The project calls for an investment $700 million, 70% of which will be sourced by the Romanians and the rest by Iran.
India, China, South Korea and Japan took in 1.99 million barrels per day in total last month, up 147.9 percent year on year.
South Korea says its imports of crude oil from Iran increased by around 150 percent in from July to September.
Iran says the election of Donald Trump as the next president of the United States has not affected its negotiations with energy corporations over new oil projects.
Indonesia has invited Iran to make refineries in the country.
Iran has signed a basic agreement with Schlumberger over the development of three fields in its oil-rich Khouzestan province.
Iran’s Petroleum Minister Bijan Zanganeh says he is hopeful that OPEC will reach a deal to cut its collection crude oil production.
The Islamic Republic of Iran has joined the International Energy Charter after signing IEC declaration in the Japanese Capital, Tokyo.
Claudio Descalzi, the CEO of Italy’s oil giant Eni, says his company is considering to return to Iran’s oil industry once it is reimbursed for the previous investments.
British Petroleum (BP) has reportedly launched a special task force to study the prospects for investments in Iran’s oil industry.
The Iranian petroleum minister says crude prices could surpass $50 a barrel if an agreement is reached in Vienna later in November.
Qatar’s Energy Minister Mohammed Al-Sada says discussions are underway with Iran and Iraq to freeze their oil production at “current levels”.
Figures show Iran overtook Saudi Arabia in October to become the top supplier of crude oil to India.
Iran has signed an agreement with Norwegian’s oil and gas giant DNO to study the development of Changuleh field on the border with Iraq.
Iran says it plans to list its key oil shipping company – the National Iranian Tanker Company (NITC) – in domestic and international stock markets.
Iran says it is negotiating with two German companies over the allocation of €12 billion for the development of the country’s petrochemical projects.
Iran says it has discussed with Oman about the participation of global energy giants Total and Shell as well as KOGAS in a key project to construct a gas pipeline between the two countries.
Iran has launched first phase production at three fields in its oil-rich Khuzestan province.
Total says the election of Donald Trump as the President of the United States will not undermine a recent deal it signed with Iran for the development of a key gas project.
Turkey receives about 10 billion cubic meters of gas from Iran a year under a 25-year deal signed in 1996.
Production from the field begins with 30,000 barrels per day on the back of 10 wells drilled so far.
French energy giant Total has broken the ice in post-sanctions investments in Iran by signing a major gas deal worth $4.8 billion with the country.
Iran says it is preparing to seal a major agreement with Total for the development of Phase 11 of its South Pars gas field.
Iran’s Ministry of Petroleum has rejected reports that Egypt’s Petroleum Minister Tarek al-Molla is going to visit the country for oil purchase talks.
Iran has awarded a project to study its Sumar oil field to Poland’s PGNiG.
Figures show South Korea more than doubled oil imports from Iran since January, when sanctions were lifted, until September.
Armenia has signed a memorandum of understanding to purchase more gas from Iran and sell it to Georgia.
Iran is currently exporting some 1,500 megwatts of electricity to Iraq, with a further capacity established to raise it to 2,000 megawatts.
Asian clients took in 1.74 million bpd of Iranian oil last month, while more than 700,000 barrels bpd were exported to Europe during the period.
Officials say Iran needs $55 billion for 60 projects in the petrochemicals sector over a period of 10 years.
Amir-Hossein Zamaninia, Iran’s deputy petroleum minister for international affairs and trading, says the banking problems that blocked oil-related payments to Iran during and after the sanctions period are gone.
Indications are growing that Iran is trying to expand its list of oil clients.
Iran has restarted exports of natural gas to Turkey that had been halted since last Thursday as a result of a “technical problem” .
NIOC Managing Director Ali Kardor says Iran is still resolved to regain the oil market share it lost as a result of the sanctions.
Figures released by Iran’s Ministry of Petroleum show the country’s oil exports for August jumped by 92 percent year-on-year.
Iran says it will resume exports of natural gas to Turkey by Monday after an explosion in the Turkish territory halted the supplies on Thursday night.
OPEC is trying to build consensus around the need to trim production and stabilize the market ahead of its Nov. 30 meeting.
Iran says it is discussing the development of Phase 11 of its South Pars gas field with the French energy giant Total.
Iran says it expects to become self-sufficient in gasoline production during the next Persian calendar year (March 2017-2018).
The agreements with international companies will be for the development of Iran's oil sector projects.
The German bank has started to provide oil-related financial services to Iran after a halt of almost 10 years.
Denmark’s Haldor Topsoe has voiced interest to invest in Iran’s petrochemical industry.
The French energy giant Total is expected to invest $2 billion in Iran’s petrochemical industry.
Gholam-Reza Manouchehri, the deputy head of National Iranian Oil Company (NIOC) for engineering and development affairs, says negotiations are underway with 16 companies over Iran’s new oil and gas projects.
The decision is set to give a fresh boost to Iran’s successful campaign to return to the oil market.
NIOC plans to drill 300 wells at the South Pars oil layer, which requires improved recovery (IOR) and enhanced recovery (EOR) technologies to reach oil.