With the implementation of three oil docks at Shahid Rajaei Port, oil products export capacity from this south Iranian complex will reach 34 million tons, said deputy minister of roads and urban development. Mohammad Saeidnejad who is also the managing director of Iran’s Ports and Maritime Organization (PMO) said that the oil docks will include…
Iran ‘s NIOC deputy head, while disavowing claims on disqualification of Russian oil giants, said the Iranian company will soon publish a second list of authorized applicants for investment. Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri said “a list recently published by National Iranian Oil Company was relevant to applicants from…
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…
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…
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…
Indonesia says it plans to buy 1 million barrels of crude oil from Iran in the first quarter of the next year. Dwi Soetjipto, the chief executive officer of the state-owned Pertamina oil and gas corporation, was quoted by media as saying that that the projected imports from Iran would be provided to the Cilacap…
Lukoil is interested in participating in the projects in Iran if it gets the right to manage a part of oil, but would not agree to exclusively service, said Lukoil’s Vice President Leonid Fedun in an interview with TASS on Saturday. “I am aware, they have drafts of a new oil contract, which is a…
Minister of Petroleum Bijan Zangeneh said on Thursday as of next year, 10 billion dollars will be added to Iran’s oil income. In a televised interview, Zangeneh outlined Iranian oil diplomacy achievements, which excluded Iran from OPEC output freeze plan. Iran’s output will be 3.797 million barrels per day per an agreement reached in the…
By: Maryam Azish/ Iran’s petroleum industry is considered as the main generator for national economy following the implementation of Iran’s nuclear agreement with 5+1, known as the Joint Comprehensive Plan of Action (JCPOA). Energy plays a pivotal role to provide financial resources for Iranian public services and the industrial sector and the deal has paved…
Iran’s petrochemical industry was privatized more than a decade ago. Today, the government is only paving the ground for the development of petrochemical sector. During years of international sanctions on Iran, the government was of great help to the private sector in its transactions. The signature of a historic nuclear deal between Iran and six…
