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oil

Iran raises September crude prices for Asian customers

The National Iranian Oil Company (NIOC) has raised the September official selling prices (OSPs) for crude deliveries to customers in Asia.

Energy

Iran prepared to return to int’l oil market: Minister

Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the unfair US sanctions on the country are lifted, Iran’s outgoing oil minister, Bijan Namdar Zanganeh, said.

Energy

Jask Port to save buyers of Iranian oil some $300,000 per shipment

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.

Energy

High oil prices won’t benefit producers in long-run: Zanganeh

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.

Energy

Iran dispatches drilling rig to northern Moghan Plain

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.

Energy

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 Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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