A delegation, comprising senior officials of Poland’s largest oil company, is scheduled to visit Tehran in coming days aiming to ink a contract for developmental of Iranian oilfields. Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade as well as collaborations for investment in upstream sector of Iranian…
The Philippines is willing to buy four million barrels per month of Iranian crude oil, IRNA reported on Friday, quoting Pedro A. Aquino, a board member of Philippine National Oil Company (PNOC). PNOC plans to construct a 400-barrel-capacity oil refinery in the country and has it on agenda to supply the refinery’s feedstock cooperating with…
China‘s Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said. Chinese firms were expected to lift between three million to four million barrels more Iranian oil each quarter in 2017…
Japan‘s Inpex Corp. has initiated intense negotiations with National Iranian Oil Company (NIOC) to develop Azadegan oilfield in southwestern Iran and is a strong candidate for the contract, said a high-ranking Iranian official. Managing Director of Iran‘s Petroleum Engineering and Development Company Noureddin Shahnazizadeh said that Inpex signed a memorandum of understanding on the project…
An NIOC official announced that new shale gas reserves have been discovered in west Iran exploration blocks. Over the past four years, the market for shale oil and shale gas has taken off across the globe to the extent that the US has begun shale production which is an unconventional oil produced from oil shale…
National Iranian Oil Company (NIOC) has affirmed adequacy of 29 international oil and gas companies willing to put in tenders for Iran’s upstream oil sector. NIOC intends to invite several rounds of tenders for a number of oil exploration & production (E&P) projects; accordingly, credible and qualified foreign E&P firms were asked to participate in…
Iran has increased its sales of crude oil as well as gas condensates to global energy giants Shell and BP. Director for International Affairs of the National Iranian Oil Company (NIOC) Mohsen Qamsari was quoted by Press TV as saying that Shell and BP had purchased two to three consignments of oil from Iran over…
The share of Iran’s oil export to the Japanese oil market increased to 6.6 percent in view of the 49,000 bpd growth in Iran’s oil exports in October. Iran’s heavy crude oil in the week to December 16 experienced highest increase in price and reached $51.07 a barrel, showing $2.02 increase, IRNA reported. Iran’s Petroleum…
A senior Iranian oil industry official said the country has signed 12 contracts with foreign companies operating in the sector. Deputy Head of National Iranian Oil Company (NIOC) Gholamreza Manouchehri further said that there are also plans to ink 10 to 12 other oil deals with foreigners in the near future, Tasnim News Agency reported….
Iran‘s gas can be exported to Europe via Georgia and the Black Sea in the near future, said head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). According to Fars News Agency, Gholam-Hossein Shafeie noted, “Cooperation between the two countries (Iran and Armenia) is of special importance in energy security and in the…
