Saudia Arabia Lost South Korea’s Market Share to Iran

• Thursday, 16th February 2017
• by Editorial Team

Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran, Press TV reported. According to Oil Price, South Korea doubled its imports of Iranian crude in January, when Iran return...

Iran to dissolve NGSC, IGCC

• Monday, 13th February 2017
• by Editorial Team

The National Iranian Gas Company’s (NIGC) Managing Director, Hamidreza Araghi, expounded on details of dissolving Natural Gas Storage Company (NGSC) and Iranian Gas Commercial Company (IGCC) saying “before finalizing ...

Total Mulls $2b Investment in Iranian Gas Fields

• Thursday, 9th February 2017
• by Editorial Team

French oil major Total plans to make a final investment decision (FID) on a $2b gas project in Iran by the summer, but the decision hinges on the renewal of US sanctions waivers, Reuters reported. The French firm was ...

Iran, Oman Signed Offshore Gas Project Deal

• Tuesday, 7th February 2017
• by Editorial Team

Tehran and Muscat signed a preliminary agreement for a major offshore pipeline project to supply Iranian natural gas to Oman, with top European and Asian companies reportedly in line to implement the project, Financia...

Iran Targets $8.6b Refinery Deals

• Tuesday, 7th February 2017
• by Editorial Team

Iran expects to sign its biggest oil refining contracts worth $8.6b with a number of Japanese, Chinese, and South Korean companies, Trade Arabia informed. The biggest deal is reserved for Japan’s Marubeni, Chiyo...

Iran to Increase Output to 4mb/d

• Monday, 6th February 2017
• by Editorial Team

The Islamic Republic of Iran will increase its crude output to 4mb/d by mid-March 2017, according to the Iranian National Oil Company’s (NIOC) Head, Ali Kardor, Hellenic Shipping News informed. However, Iran had previ...

US Firms Out of Iran’s Oil Tenders

• Monday, 6th February 2017
• by Editorial Team

US companies stand no chance in participating in bidding for Iran’s oil fields, which the country plans to develop with international help, a senior official said, according to Press TV. Iran’s Deputy Petroleum ...

Iran Extends Deadline for Oil, Gas Bids

• Sunday, 5th February 2017
• by Editorial Team

National Iranian Oil Company (NIOC) has extended its deadline for bids on oil and gas projects to February 15th, Press TV reported. NIOC’s Head, Ali Kardor, went further adding the original late January deadline had b...

Iran to Build 12 New Oil Refineries

• Friday, 3rd February 2017
• by Editorial Team

Iran started the construction process for 12 new oil and gas condensate refinery complexes, according to an official of the National Iranian Oil Refining and Distribution Company (NIORDC), Anadolu Agency informed. NIO...

OPEC Meets 82% Compliance with Freeze Deal

• Tuesday, 31st January 2017
• by Dr. Mahinaz El-Baz

The Organization of the Petroleum Exporting Countries’ (OPEC) oil output was set to fall by more than 1mb/d in January to prop up oil prices and reduce a supply glut. Supply from 11 OPEC members with production ...