Brazil says its Petrobras energy giant wants to look for oil reserves in Iran’s share of the Caspian Sea.
The work located in central Iran is expected to take three years, with the project coming online in 100 MW phases every six months, Quercus said.
Sixty percent of Iran’s oil exports go to Asia and the remaining 40% to European countries which resumed purchases from the Islamic Republic about two years ago.
Iran says it was able to supply Iraq with electricity throughout summer without causing shortages at home.
A KOGAS official said the company was looking to diversify its import sources as supply contracts with Qatar and Oman were set to expire by 2015.
The country currently has 77,000 megawatts of power capacity, of which 360 megawatts is renewable energy. Most of the electricity generated in the country comes from thermal power plants which use fossil fuel.
Figures show South Korea’s imports of crude oil from Iran increased by above 40 percent last month.
Syrian Electricity Minister Mohammad Zuhair Kharboutli traveled to Tehran as the Arab country is looking to friendly states to help rebuild the country after more than six years of war.
Iran says it expects to increase its production of crude oil to as much as 4.5 million barrels per day within the next five years.
Iran says it has serious plans to attract as much as €500 million in foreign investments for projects to collect fare gas in its South Pars energy hub.
The Associated Chambers of Commerce of India (Assocham India) has released the results of its study on “a trans-national deep water gas pipeline from Iran.”
Russia has been key to the agreement under which OPEC members have undertaken to trim oil supplies by 1.2 million barrels per day, with non-OPEC members cutting a further 600,000 barrels.
Indian companies discovered the Farzad B gas field in Iran in 2008 and have bid several times for the development rights.
Russian companies have signed a record number of oil and gas contracts with Iran since the lifting of sanctions on the Islamic Republic in early 2016.
Iran has reported an increase of 18 percent in condensate exports to global markets.
The pre-sale agreement between Marjan Petrochemical Company and a major German firm came on the eve of the operation of the facility in Iran’s hydrocarbon hub of Asaluyeh.
A ministry official, quoted by Platts, said METI has asked for a $552.8 million budget for exploration and upstream oil and natural gas assets.
Iran’s Petroleum Minister Bijan Zanganeh says every new agreement with a foreign company over the development of the country’s oil and gas projects shows that US policies against the Islamic Republic are already failing.
The country exported 2.6 million bpd of oil and condensate in August as it kept on the push to win back market share, according to minister of petroleum.
Iran says Russia’s Gazprom has presented its technical proposals for the development of two major oil fields in areas close to the border with Iraq.
Nouroddin Shahnazizadeh, the managing director of the Petroleum Development and Engineering Company of Iran, says a host of European giants are bidding for the development of its South Azadegan oil field.
Essar’s debt to the National Iranian Oil Company is mostly related to the time when Iran was under sanctions before 2016.
Mahammad Sanusi Barkindo, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), in a letter congratulated Iran’s Petroleum Minister Bijan Zanganeh for his reappointment.
Pertamina signed an MoU with the National Iranian Oil Company last August to conduct joint studies on Mansouri and Ab Teymour fields.
Novak has said the two sides were discussing sales of 100,000 bpd of Iranian oil to Russia, with supplies being “either physical or swap-based.”
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.