oil

Iran’s energy pipeline network hits 13,000 kilometers

Iran has expanded its energy pipeline network by 933 kilometers to reach 13,000 kilometers as the country aims to reduce costs related to the transportation of petroleum and gas products.

Energy

Iran boosts crude production, negotiates sales with European, Asian companies

Iran has started negotiations with European and Asian companies for crude sails while ramping up its oil production, said Deputy Oil Minister Amir Hossein Zamaninia.

Energy

Iran oil product exports hit record high under US sanctions: Minister

Iran has achieved record high exports of petroleum products despite US sanctions, Oil Minister Bijan Zanganeh said in televised remarks on Friday.

Energy

Iran to pump 65,000 bpd from oilfield shared with Iraq

A contractor working for the Iranian Oil Ministry says production from a joint oilfield located at the border with Iraq is to begin soon.

Energy

Iranian supertanker loading 2m barrels of Venezuelan oil for export

A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export as the two countries apply new tactics to expand their trade in defiance of US sanctions, a report says.

Energy

Iran launches three major oil projects

Iran has launched three major oil projects with an investment amounting to $1.25 billion as the country presses ahead with plans to expand its massive energy sector.

Energy

National Iranian Oil Company signs domestic contracts to develop eight oilfields

The National Iranian South Oil Company and Iran Central Oil Fields Company both subsidiaries of the National Iranian Oil Company signed contracts with 14 domestic oil and gas companies on Monday to develop eight oilfields.

Energy

Persia Oil signs $463m deal to develop Yaran oilfield

Iran’s Persia Oil and Gas Industry Development Co. signed a $463 million agreement with state-run National Iranian Oil Co. to operate and further develop Yaran oil field close to the border with Iraq in the southern Khuzestan Province.

Energy

Iran’s fourth tanker heading to Venezuela transits Gibraltar Strait, fifth on the way

Iran’s oil tanker named Faxon which reportedly is destined for Latin America, has passed through the Strait of Gibraltar. Another tanker named Clavel has also passed through the Suez Canal and is moving towards Gibraltar.

Energy

OPEC+ to announce unprecedented oil output cut in days: Zanganeh

A draft agreement on oil supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, would be finalized in the next days.

Energy