Iran says the member states of the Organization of the Petroleum Exporting Countries (OPEC) will not benefit if oil prices increase beyond $55 per barrel.
Reports say Japan is set to receive its first cargo of naphtha from Iran after the removal of sanctions against the country within the next few days.
Iran and Iraq have signed a basic agreement that envisages exporting Iraqi oil through the Iranian territory.
Zangeneh and his Iraqi counterpart Jabar al-Luaibi are expected to sign two agreements worked out by the two countries in January.
Total sealed a deal in November to develop Phase 11 of South Pars but there have been reports that the company was having second thoughts about the plan.
Iran has reported a major rise in exports of crude oil to France in January.
Iran says it has discovered major reserves of shale oil in the western parts of the country.
Reports say Belarus has purchased its first ever cargo of crude oil from Iran, a fresh sign that shows how the Islamic Republic is already extending its reach to consumption markets in northern Europe.
Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran.
Some 4.7 billion barrels of these reserves are recoverable, said Seyyed Saleh Hendi who also announced the discovery of 128 trillion cubic feet of gas.
Poland's second-biggest refiner Lotos says it is looking into sealing a long-term oil supply deal with Iran.
Total says it will make a final investment decision over the development of Phase 11 of Iran’s South Pars gas field before summer.
Minister of Petroleum Bijan Zangeneh made the remarks after talks with his Venezuelan and Omani counterparts in Tehran on Tuesday night.
Iran’s Oil Minister Bijan Zanganeh says talks over a project to export natural gas to Oman through a subsea pipeline will be finalized in early March.
The pipeline between the cities of Bazman and Zahedan in Sistan and Baluchestan province exploded as workers tried to test it.
Iranian Deputy Oil Minister Amir Hossein Zamaninia says US firms do not face any restrictions for work in Iran but American sanctions make such activities impossible.
The National Iranian Oil Company confirms that huge reserves of oil and natural gas have been found in the country.
NIOC has pushed back a deadline for bids on oil and gas projects to February 15.
Iran says France’s Total has officially started the development of a major project in the country’s southern energy zone of South Pars.
The biggest deal is reserved for Japan’s Marubeni, Chiyoda and Mitsui companies to upgrade Isfahan refinery.
Iran's oil minister says his country imposes no ban on US companies.
Four major buyers of Iranian crude oil more than double their imports in December.
An official says Lukoil is in talks with the National Iranian Oil Company about developing the Ab Teymour and Mansouri fields in western Iran.
Iran has exported several hundred thousand barrels of condensate to Japan.
Iran has reportedly started sending its first direct shipments of crude oil to Europe.
Tanker data released by Bloomberg show that Europe is preparing to get the biggest oil flows from Iran in five years this month.
Turkmenistan says it is ready to resume talks with Iran over a dispute on gas exports that has already led to a halt in supplies to its southern neighbor.
Austria’s OMV and Iran’s Dana Energy have signed a basic agreement over cooperation in Iran’s oil and gas development projects.
The order volume is in the “high double-digit million euro range,” with commercial operation expected by the end of 2018.
Amir Hossein Zamaninia sees signs of President Trump having distanced himself from previous pledges against Iran.
The cargo of 280,000 barrels of naphtha was delivered to the Emiratis recently, with the second shipment being loaded for export.
IGAT-9 is a 35 billion cubic meter per year pipeline that Iran plans to use to send gas from its giant South Pars field to Europe via Turkey.
Iran says it is negotiation with China over a project to revamp its oldest and biggest refinery.
Russian firms will improve efficiency at Ramin power plant in Khuzestan province and build a 1,400-megawatt station in Bandar Abbas.
The first NITC tanker leased to a major Spanish oil company docked at the Port of Algeciras just recently.
Reuters says global ship insurers have reached a deal to provide full coverage for Iranian oil exports without involving US-domiciled reinsurers.
Iran expects to make as high as $41 billion in sales of oil and condensate by the end of March.
Figures show that South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago.
Sri Lanka says it is still interested in purchasing crude oil as well as oil products from Iran.
Iran’s Deputy Petroleum Minister says Tehran’s total crude oil and condensate sales reached around $30 billion in the first 9 months of the current calendar Persian year which started on March 20.
Deputy petroleum minister says the country needs to attract huge investment to develop its thriving petrochemical sector.
Figures show that India’s imports of crude oil from Iran hit a record high in 2016.
Iran says it is ready to start exporting natural gas to Iraq.
Gholam-Reza Manouchehri, the deputy for development and engineering affairs of the National Iranian Oil Company (NIOC) says Iran’s production of oil has reached around 4 million barrels per day (mb/d).
Iran says it is negotiating with companies from Japan to upgrade two key refineries in Tehran and Bandar Abbas.
Iran has managed to sell nearly half of oil that it had long held on tankers at sea as it capitalizes on OPEC oil cut to sell millions of barrels, courting new customers around the globe.
Iran says it is negotiating with the Philippines to export 4 million barrels of oil to the country per month.
China’s imports of crude oil from Iran are expected to reach a record high in 2017.
A top Iranian official says Japan’s top energy developer Inpex is a strong candidate for winning a contract for the development of Azadegan oil field.
Iran says it plans to sue Turkmenistan for cutting supplies of natural gas in light of a recent row between the two countries on outstanding gas purchase payments.
Vitol has signed a deal with Iran to provide the country with a major loan worth the euro equivalent of $1 billion.
Iran has named 29 companies that it says are eligible to bid for its new oil industry projects.
Iran described as “illogical” a move by Turkmenistan to halt gas supplies to the country as a result of a row over outstanding debts.
Local media laud Iran's successful diplomatic efforts to resolve a gas dispute with its northeastern neighbor.
Iran says its exports of crude oil and condensate – a type of very light crude produced from gas fields – to global energy giants BP and Shell have increased.
South Korea’s Daelim Industrial Company has won a deal worth $1.9 billion to expand Iran’s Isfahan refinery.
China, India, South Korea and Japan imported 1.94 million barrels per day last month, up 117 percent on a year earlier.
Turkmenistan has threatened to stop the gas flow across the border if Iran does not settle a debt which it claims remains outstanding from previous imports.
Gholam-Reza Manouchehri, the deputy for development and engineering affairs of the National Iranian Oil Company (NIOC), says at least 10 more oil and gas development contracts will be awarded to international companies.
The National Iranian Oil Company says Sinopec and China National Petroleum Corporation will have to participate in tenders for development of North Azadegan and Yadavaran oil fields.
Iran says it has sent its first cargo of condensate to Europe.
Malaysia’s Petronas has signed an agreement to study Iran’s South Azadegan and Cheshmeh Khosh oil fields.
According to Fars, 38 Iranian tankers with oil are parked in sea lanes close to terminals in four ports.
Iran says it will reduce its heavy water export due to an oversupply in the international market.
Iran says Italy’s energy giant Eni has started buying crude oil from it.
Indonesia says it plans to buy 1 million barrels of crude oil from Iran in the first quarter of the next year.
Iran’s deputy petroleum minister says the country will become self-sufficient in gasoline production next year as it eyes exporting the crucial fuel to other countries in the region and across the world.
Iran’s petroleum minister says Russian energy firms seek to make oil and gas swap deals with Tehran.
Poland’s state-run refiner PKN Orlen says it has purchased 1 million barrels of Light crude oil from Iran.
Iran’s Oil Minister Bijan Zanganeh says he’s certain the price of oil will stay between $50 and $55 per barrel following recent agreements both inside OPEC and between non-OPEC producers to curb output.
Russia’s Gazpromneft - a main subsidiary of global gas giant Gazprom - has signed a basic agreement with Iran to study two key oil fields in the country’s west.
Austria’s OMV is reportedly negotiating with Iran over the development of the country’s western oil field of Cheshmeh Khosh.
Royal Dutch Shell has signed a basic agreement to study the development of Iran’s South Azadegan and Yadavaran oil fields as well as its Kish gas field.
Iran is seeking 5,000 megawatts of renewable energy by 2020, with more than 4,000 megawatts expected to come from wind power stations.
Iran has signed a basic agreement with Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) to study its Changuleh oil field.
Figures released by Reuters show that Iran’s oil production rose by 40,000 barrels per day (bpd) in November.
The agreement by OPEC to exempt Iran from a much-debated oil freeze plan has been praised by the country’s media as a victory.
The project calls for an investment $700 million, 70% of which will be sourced by the Romanians and the rest by Iran.
India, China, South Korea and Japan took in 1.99 million barrels per day in total last month, up 147.9 percent year on year.
South Korea says its imports of crude oil from Iran increased by around 150 percent in from July to September.
Iran says the election of Donald Trump as the next president of the United States has not affected its negotiations with energy corporations over new oil projects.
Indonesia has invited Iran to make refineries in the country.
Iran has signed a basic agreement with Schlumberger over the development of three fields in its oil-rich Khouzestan province.
Iran’s Petroleum Minister Bijan Zanganeh says he is hopeful that OPEC will reach a deal to cut its collection crude oil production.
The Islamic Republic of Iran has joined the International Energy Charter after signing IEC declaration in the Japanese Capital, Tokyo.
Claudio Descalzi, the CEO of Italy’s oil giant Eni, says his company is considering to return to Iran’s oil industry once it is reimbursed for the previous investments.
British Petroleum (BP) has reportedly launched a special task force to study the prospects for investments in Iran’s oil industry.
The Iranian petroleum minister says crude prices could surpass $50 a barrel if an agreement is reached in Vienna later in November.
Qatar’s Energy Minister Mohammed Al-Sada says discussions are underway with Iran and Iraq to freeze their oil production at “current levels”.
Figures show Iran overtook Saudi Arabia in October to become the top supplier of crude oil to India.
Iran has signed an agreement with Norwegian’s oil and gas giant DNO to study the development of Changuleh field on the border with Iraq.