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oil

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

Iran installs giant offshore rig at Salman oilfield

Iran says it has successfully installed a giant oil drilling platform at an offshore field south of the country despite reports suggesting the country is having problems keeping its oil rigs active because of the American sanctions on the oil industry.

Energy

Iran eyes pumping 1 million bpd in oil fields shared with Iraq

Iran is seeking to exponentially increase output from oilfields shared with Iraq as the Arab country goes on with massive development plans in a field located near the Iranian border.

Energy

Oil jumps as Iran rockets strike US bases in Iraq

Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that assassinated an Iranian general last week, raising the specter of a spiraling conflict and disrupted oil supplies.

Energy

Oil prices surge 4% after assassination of General Soleimani

Oil prices moved higher Friday after a top Iranian general was assassinated in a US airstrike ordered by Donald Trump.

Energy

Iran’s vice president urges China, friendly countries to buy oil

After one year of the imposition of oil sanctions, Iran’s economy now enjoys a stable status. Iran expects friend countries to act more actively in buying Iranian oil, Iran’s Vice President Jahangiri said.

Energy

Iran offers incentives to foreigners to buy oil on Energy Exchange

National Iranian Oil Company (NIOC) says foreign natural entities can also purchase the Iranian oil that is offered each week on Iranian Energy Exchange in a bid to lure more potential customers for its crude.

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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