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Investment Potential in Ahvaz Field
 

Investment Potential in Ahvaz Field

TEHRAN (Shana) -- Iran sits atop 10% of oil reserves in the world, thereby becoming the fourth largest holder of crude oil deposits in the world. Due ...

Oil Market Supply - Demand Balance is Fragile--Iran
 

Oil Market Supply - Demand Balance is Fragile--Iran

TEHRAN (Shana) -- The balance between supply and demand in the oil market is fragile, Iranian Minister of Petroleum Bijan Zangeneh said on Monday, as ...

NIOC Releases Details of Selling Oil in Stock Market
 

NIOC Releases Details of Selling Oil in Stock Market

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) released details of selling crude oil on the domestic stock market. The comp...

NIOC Signs Production Enhancement Deal for 2 Iran Oilfields
 

NIOC Signs Production Enhancement Deal for 2 Iran Oilfields

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) CEO said the company had finalized deals for maintaining and enhancing crude oil production ...

NIOC to Offer Oil on Domestic Stock Market by October
 

NIOC to Offer Oil on Domestic Stock Market by October

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) has planned to supply a million barrels of crude oil on the domestic stock market by October...

Newbuilt shuttle tankers for the Roncador field in Brazil
 

Newbuilt shuttle tankers for the Roncador field in Brazil

The crude oil production from the newly acquired 25 % interest in the Roncador oil field in Brazil will be lifted and transported by shuttle tankers. ...

PEDEC Inks Deal with Domestic Firm to Build Oil Storage Tanks
 

PEDEC Inks Deal with Domestic Firm to Build Oil Storage Tanks

TEHRAN (Shana) -- Iran's Petroleum Engineering and Development Company (PEDEC) struck a BOT contract with a domestic firm for construction of 10-m...

19th South Pars Oil Shipment Loaded
 

19th South Pars Oil Shipment Loaded

TEHRAN (Shana) -- The 19th crude oil consignment recovered from the oil layer of South Pars Gas Field in Persian Gulf waters was loaded at FPSO Cyrus,...

KOGPC to Boost Output by 114,000 b/d
 

KOGPC to Boost Output by 114,000 b/d

TEHRAN (Shana) -- Karoon Oil and Gas Production Company (KOGPC) is planning to enhance its crude oil production capacity by 114,000 barrels per day on...

Iran 4-Month Oil Exports Rise 185kbd Y/Y
 

Iran 4-Month Oil Exports Rise 185kbd Y/Y

TEHRAN (Shana) -- Iran's crude oil exports rose year-on-year from 2.115 mbd to 2.3 mbd in the first 4 months of the current Iranian calendar year ...

No Halt in South Korea Oil Purchase from Iran
 

No Halt in South Korea Oil Purchase from Iran

TEHRAN (Shana) -- South Korean Embassy in Tehran announced on Saturday the country's purchase of crude oil and gas condensate from Iran was contin...

Iran Oil Exports at 2.61mbd in June
 

Iran Oil Exports at 2.61mbd in June

TEHRAN (Shana) -- Iran's export of crude oil and gas condensate stood at 2.61 million barrels per day in June 2018. OPEC member Ir...

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