Total Eyes 50% Stake in Iran’s South Pars 11

• Sunday, 19th March 2017
• by Editorial Team

France’s energy giant Total is soliciting permission from US authorities to implement a slew of projects worth several billion dollars in Iran. The biggest of all is Iran’s plan to develop phase 11 of the giant South ...

Iran Starts Pumping 15,000b/d at Azar Oilfield

• Sunday, 19th March 2017
• by Editorial Team

Iran began pumping 15,000b/d of crude oil from Azar oilfield, which it shares with Iraq, Iran Business News reported. Azar development project is aimed at production of 65,000b/d of crude oil. Crude oil recovery from ...

Iran to Keep Oil Production at 3.8mb/d

• Wednesday, 15th March 2017
• by Editorial Team

Iran will keep its oil production cap at 3.8mb/d in the second half of 2017 if the members of the Organization of Petroleum Exporting Countries (OPEC) stay committed to the oil cut agreement signed in November 2016, R...

Iran Signs $3.2b Oil Deal with Hyundai

• Tuesday, 14th March 2017
• by Dr. Mahinaz El-Baz

Hyundai has signed a deal worth around $3.2b to invest in a major Iranian oil project, the South Korean firm confirmed. According to Daily Mail,  the fund will be directed to the second phase of the Kangan oil product...

Iran’s Oil Exports Hike to 3mb/d

• Wednesday, 8th March 2017
• by Editorial Team

Iran’s crude oil exports hit a record 3mb/d in the Iranian month of Esfand (late February to late March), Reuters informed. Iranian Oil Minister, Bijan Namdar Zanganeh, credited Iran’s nuclear agreement wi...

Iran’s Southern Field Production Exceeds 5bcm

• Tuesday, 7th March 2017
• by Sarah Samir

Phase 19 of Iran’s South Pars gas field so far has produced nearly 5.5bcm of natural gas, announced the Executive Manager of the Development Project of the Phase, Hamidreza Massoudi. Massoudi stated that the efforts m...

South Africa to Study Construction of GTL Plant in Iran

• Tuesday, 7th March 2017
• by Sarah Samir

Iran and South Africa agreed on starting a feasibility study to establish a gas to liquids (GTL) conversion plant in Iran with a capacity of 50,000b after South Africa’s Energy Minister, Tina Joemat-Pettersson, visite...

Iran in Talks with S Africa to Export 100,000b/d, Purchase Refinery Shares

• Monday, 6th March 2017
• by

Iranian Oil Minister, Bijan Zanganeh, said that the Islamic Republic is ready to deploy 100,000 b/d of crude oil to South Africa as well as to purchase refinery shares there, on the sidelines of a meeting with South A...

Lukoil Targets New Projects in the Middle East

• Monday, 6th March 2017
• by Editorial Team

Russian oil giant Lukoil is targeting new projects in the United Arab Emirated (UAE), Iran, Oman and Kuwait as it plans to expand its operations in the Middle East, the company’s Vice President in the region, Gati Al ...

Iran, Shell Close to Sign Kish Gas Field Deal

• Monday, 6th March 2017
• by Editorial Team

Iran says it may start negotiations with global energy giant Shell over the development of Kish gas field, which holds the country’s largest reservoirs of natural gas after South Pars, Press TV reported. The Petroleum...