An NIOC official has announced that approximately 62 per cent of Iran’s crude oil exports are delivered to Asian states. Seyyed Mohsen Ghamsari, Executive Director for International Affairs at National Iranian Oil Company (NIOC), made the remarks adding “presently, the average volume of oil exports to Asian countries stands at more than 600 thousand barrels…
Iranian oil minister has announced that the country’s crude production will rise to 4.5 million barrels per day (bpd) in the current Iranian calendar year (began March 20). Speaking at the second oil and energy congress in Tehran, Oil Minister Bijan Zanganeh described priorities of the industry in the post-JCPOA era adding “crude production capacity…
An NPC official said grounds have been provided for Royal-Dutch Shell oil giant to make direct investment in Iran. Director of Investment at National Petrochemical Company (NPC) Hossein Alimorad pointed to Shell’s plan to return to Iran adding “following the tough sanctions against Iran, the Anglo-Dutch multinational oil and gas company halted its activities in…
Indonesia’s state-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran’s first shipment as a new supplier of LPG to Indonesia. Pertamina Managing Director Dwi Soetjipto welcomed the 44,000 metric tons of LPG transported from Asaluyeh Port in Iran by its VLGC Pertamina Gas 2 vessel,…
India- Iran’s top customer after China — imported about 552,200 barrels per day (bpd) of oil from the Persian Gulf nation in September, more than double the same month a year ago following the end of sanctions on Tehran in January. India’s oil imports from Tehran in January-September grew 90.5 percent to an average 411,900…
The Organization of the Petroleum Exporting Countries (OPEC) says Iran’s oil production has reached a new record high of 3.665 million barrels per day (mb/d). OPEC in a monthly report said it had recorded Iran’s new oil production capacity for September. The country’s production in August stood at 3.634 mb/d, the Organization added in its…
Global energy giant Royal Dutch energy giant Shell has signed a memorandum of understanding (MoU) with the National Petrochemical Company of Iran (NPC) for cooperation in the petrochemical industry. The MoU was signed by NPC CEO Marziyeh Shahdaei and Hans Nijkamp, the head of the department for Iran affairs at Royal Dutch Shell. Nijkamp was…
Norwegian FM Børge Brende said a one-billion-dollar credit line has been opened for companies who are eager to cooperate with Iran. Børge Brende, Minister of Foreign Affairs of Norway, met and talked with Iran’s Economy Minister Ali Tayebnia on the sidelines of World Bank-IMF Annual Meetings 2016 in Washington DC. An export credit line worth…
President of Middle-East & North-Africa Total Exploration & Production, Stephane Michel, said on Saturday that oil giants are in competition to come back to Iranian market. The Persian daily, Iran, quotes Michel as saying that in the wake of lifting the sanctions and implementation of the Joint Plan of Action (JCPOA), Iran’s international relations have…
Time has been ticking for South Pars 19th phase since the construction phase and now it would contribute to national gas production a hefty amount of 14 million cubic meters daily. Pars Oil and Gas Co. public relations office informed Mehr News on Tuesday that only days had to be elapsed so that the 19th…
