The director of Jask oil terminal Reza Dehkordi said on Wednesday that the terminal will reduce the costs of any shipment of Iranian oil by around $300,000.
Iran’s Oil Minister Bijan Namdar Zanganeh says rising international oil prices won’t benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.
The National Iranian Oil Company (NIOC) is dispatching one of its main drilling rigs to a northern region as it prepares to finally pump crude from oilfields located near the border with Azerbaijan.
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.
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.
Iran has achieved record high exports of petroleum products despite US sanctions, Oil Minister Bijan Zanganeh said in televised remarks on Friday.
A contractor working for the Iranian Oil Ministry says production from a joint oilfield located at the border with Iraq is to begin soon.
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.
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.
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.