News Agency Archive

Today : Sunday 2017/12/17 Time : 7:30   
[ 2014 ]  ::  [ 2015 ]  ::  [ 2016 ]  ::  [ 2017 ]
News Count : 417
Iran ready for swapping 0.5 m barrels of oil a day: Official  
Iran is ready to transfer 500,000 barrels of oil from the Caspian Sea countries per day in the form of swap deals, an official in Iran's oil sector said.
2017/11/08 , 09:35

Iran Jask Oil Terminal’s Pipeline Tender to Be Held  
A tender for the construction of part of a pipeline to transfer crude oil to Jask Oil Terminal in the southern Hormozgan Province is due to be held in the next few days, the managing director of the National Iranian Oil Company said.
2017/10/24 , 10:24

Iran’s Light Crude Oil Prices Ease  
Iran's light crude oil rally fizzled in the week to October 6 after breaking the $57-per-barrel mark last month, its highest level in the year.
2017/10/19 , 10:24

Iran May Have to Reduce Oil Export to S. Korea  
After meeting with South Korean Minister of Land, Infrastructure and Transport Kim Hyun-mi on Tuesday, Bijan Zangeneh told reporters, 'We talked about oil and gas condensates export to South Korea.'
2017/10/18 , 19:23

S Korea Eager to Invest in Iran’s Oil Industry  
S Korea’s OLIT minister met with Iranian Oil Minister Zanganeh, on Tuesday, in Tehran. She told the media that S Korea backs companies wishing to invest in Iran.
2017/10/17 , 18:32

OPEC Favors 9-Month Extension of Production Cut Agreement  
OPEC favors a nine-month extension to the OPEC/NOPEC production cut deal, according to four anonymous Reuters sources, which would push out the agreement until December 2018.
2017/10/17 , 14:43

Russia’s Lukoil tendency to take part in developing Iran oilfields  
Lukoil Chief Executive Vagit Alekperov said he would meet Iranian oil minister Bijan Namdar Zanganeh in Moscow on October 3.
2017/10/16 , 14:39

Iran to raise oil output beyond 2.2mn bpd  
Iran announced it is preparing to increase its exports of crude oil to global markets beyond the current volume of 2.2 million barrels per day, saying it would be carried out as a new type of Iranian crude is presented to clients.
2017/10/16 , 11:39

Iran world’s 3rd largest gas producer  
The International Energy Agency (IEA) in its latest report on the status of the global energy market said that Iran was the world’s third largest producer of natural gas in 2016.
2017/10/16 , 10:21

Iran oil exports reach highest level since February  
According to the market figures, Iran’s exports of crude oil have reached the highest level since February.
2017/10/15 , 15:23

Iran exports 2.6 mbpd of oil in September  
Iran's crude oil and condensate exports amounted for 2.6 million barrels per day in September, data released by the Ministry of Petroleum showed on Saturday.
2017/10/15 , 14:42

S.Korea's Sept Iranian crude oil imports rise to 6-month high  
South Korea’s imports of Iranian crude oil hit the highest level in six months in September, Reuters reported.
2017/10/15 , 06:32

Iran plans to complete new oil export terminal by year-end  
Iran expects to complete a pipeline and a terminal to export a new grade of crude by year-end, boosting the country's drive to ramp up oil production to pre-sanctions levels.
2017/10/14 , 19:54

Exclusive: Iran capitalizes on OPEC oil cut to sell millions of barrels - sources  
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.
2017/10/14 , 12:35

First Iranian-owned oil tankers head to Rotterdam post-sanctions  
Two Iranian-owned oil tankers are sailing to the heart of northern Europe's refining and trading hub for the first time since sanctions on the country were lifted last year, oil trading and shipping sources told Reuters.
2017/10/14 , 10:35

Iran sets new record in crude exports  
Managing Director of Iranian Oil Terminals Company Pirouz Mousavi said that the country has set a new record in oil export.
2017/10/13 , 19:20

India Essar's July oil imports from Iran up 24% on month  
India increased imports of Iranian crude oil by 24 percent in July from the previous month.
2017/10/13 , 13:49

Iran plans to complete new oil export terminal by year-end  
Iran expects to complete a pipeline and a terminal to export a new grade of crude by year-end, boosting the country's drive to ramp up oil production to pre-sanctions levels.
2017/10/13 , 09:31

Iran's July oil exports up 45,000 bpd from June  
Iran's oil exports in July increased by 45,000 barrels per day (bpd) versus June, Reuters reported.
2017/10/12 , 10:33

Iran oil export to Turkey doubles  
Iranian oil export to Turkey increased more than two times to 211,101 barrels per day during the first quarter of 2017 compared to the same period last year.
2017/10/11 , 09:39

Iran's heavy crude oil price hits $53.3 per barrel  
Iran's heavy crude oil price with a 3 cents growth increased to 53.3 dollars in the week leading to October 13.
2017/10/10 , 10:31

Iran’s oil exports increase by 77 percent in 2016  
Iran’s crude oil exports increased by 77.7 percent to over 1.921 million barrels per day (mb/d) in 2016, compared to the previous year, OPEC announced in its annual report.
2017/10/10 , 09:49

Iran's latest oil output, export volume  
he Iranian deputy minister of petroleum announced the latest statistics on the volume of output and export of Iran’s crude oil.
2017/10/09 , 14:09

Iran to market 2 new crude oil brands globally  
Director of the International Affairs Department at National Iranian Oil Company Saeed Khoshru said two new brands of ultra heavy crude oil of Iran, named Kurosh (South Pars oil layer) and west Karoon will be marketed globally.
2017/10/08 , 10:08

Iran’s oil exports to S Korea hit record high  
According to Reuters’ report, Iran’s exports of crude oil to South Korea reached the highest level in six months in September, thanks to sanctions relief.
2017/10/07 , 10:32

Iran sees rise of oil output to 6 million bpd by 2022  
Iran’s oil output is scheduled to rise to around 6 million barrels per day by 2022, Iranian oil official said on Tuesday.
2017/10/07 , 09:18

Iran may have to reduce oil export to S. Korea: Petroleum minister  
If the money transfer problem doesn't get solved, Iran will probably have to reduce oil export to South Korea, said Iran's Minister of Petroleum Bijan Zangeneh.
2017/10/06 , 20:17

Iran to sign 15 oil contracts with oil giants: Iran oil official  
Iran’s Deputy Oil Minister for International Affairs said Iran was currently negotiating with more than 15 companies from Europe, Russia and Asia exploration, development and production of oil.
2017/10/06 , 19:17

Iran’s oil exports exceed 2.6mn barrels  
– Exports volume for Iran’s crude oil and gas condensate moved up to two million and six hundred thousand barrels per day in September.
2017/10/06 , 09:38

Iran’s light crude prices rise to $53 per barrel  
Prices for light crude of Iran climbed by more than one dollar to be traded at 53 dollars per barrel in the week leading to September 08.
2017/10/05 , 14:14

Iran regaining oil market  
Iran, on average, shipped 2.15 million barrels of crude oil and about 500,000 barrels of gas condensate in the first eight months of 2017. Its record export of 2.3 million barrels per day was registered in February.
2017/10/04 , 15:59

India denies decline in oil imports from Iran  
Indian ambassador to Tehran, while disavowing claims of a cut in his country’s oil purchases from Iran, said the oil sale process has become even more trouble-free thanks to improvements in banking ties.
2017/10/04 , 12:48

Iran resumes oil swap in Caspian Sea  
In a bid to strengthen the country’s strategic position in the region, Iran has resumed oil swap operations in the Caspian Sea following a several-year hiatus.
2017/10/03 , 20:31

Reappointed oil min. delineates plans for new term  
Bijan Zanganeh said priorities of Petroleum Ministry included signing major oil contracts, attracting foreign investment and technology to joint fields as well as boosting recovery factor.
2017/10/03 , 10:03

Brazil after Iranian crude for its new refinery  
Oil Minister Zanganeh said Brazil wants Iran to supply oil to a major refinery which is being built by Iranian firms in the South American country.
2017/10/03 , 08:37

Crude export to India rises  
In July, Iran shipped 502 thousand barrels of crude oil to state and private companies in India.
2017/10/02 , 17:39

Uzbekistan eager to purchase Iranian crude  
Iranian Oil Minister, while referring to Uzbekistan’s willingness to buy crude oil from Iran, said relevant negotiations will be pursued with the Central Asian country.
2017/10/02 , 17:31

Iran deploys 2mn barrels of SPOL crude to East Asia  
Iran’s Ministry of Petroleum announced that four crude consignments recovered from South Pars Oil Layer (SPOL) with an overall volume of two million barrels have been shipped to East Asian markets.
2017/10/02 , 12:15

Iran may start oil supplies to Russia within month  
Moscow and Tehran may shortly agree upon conditions for sale of 100,000 oil barrels per day, according to the Russian energy minister.
2017/10/02 , 11:13

Kharg terminal dispatches 240mn crude barrels  
In the previous Iranian year (ended March 20), a total of 240 million barrels of Iranian light crude were deployed to global markets through Kharg oil terminal.
2017/10/01 , 16:31

Iran’s crude exports hit 2.2mn bpd  
Iran managed to deploy over 2.2 million barrels per day of crude oil to Asian and European markets in July.
2017/10/01 , 10:45

Iran resumes oil swap in Caspian Sea  
In a bid to strengthen the country’s strategic position in the region, Iran has resumed oil swap operations in the Caspian Sea following a several-year hiatus.
2017/09/30 , 15:31

Philippines to buy Iranian crude  
Director of Philippine National Oil Company (PNOC) has reported on purchase of 250 thousand barrels of crude oil from Iran aiming to supply feedstock to a new refinery complex.
2017/09/27 , 19:31

Iran’s crude exports hit 2.2mn bpd  
Iran managed to deploy over 2.2 million barrels per day of crude oil to Asian and European markets in July.
2017/09/27 , 10:31

23% increase in Asian imports of Iranian oil  
The four biggest buyers of Iranian crude oil in Asia increased their imports in April by nearly 23% from a year earlier, Reuters reports.
2017/08/29 , 11:07

Crude exports exceed 3mn bpd  
Iran’s export of crude oil and gas condensates rose to over 3 million barrels per day last Iranian month
2017/08/29 , 11:07

Kharg Terminal dispatches 780mn crude barrels in one year  
IOTC operation director said approximately 780 million barrels of crude oil were deployed to international markets through Kharg Oil Terminal last year.
2017/08/29 , 11:07

Crude export to India rises  
Iran shipped 502 thousand barrels of crude oil to state and private companies in India.
2017/08/29 , 11:07

Iran may start oil supplies to Russia within month  
Moscow and Tehran may shortly agree upon conditions for sale of 100,000 oil barrels per day, according to the Russian energy minister
2017/08/29 , 11:07

Reappointed oil min. delineates plans for new term  
Bijan Zanganeh said priorities of Petroleum Ministry included signing major oil contracts, attracting foreign investment and technology to joint fields as well as boosting recovery factor.
2017/08/29 , 10:50

Iran to construct Phase 2 of BIPC  
Oil Minister Zanganeh reported on plans to build the second phase of Bandar Imam Petrochemical Complex (BIPC) situated in Khuzestan province.
2017/08/29 , 10:50

Iran, Indonesia to boost economic ties  
Indonesian ambassador to Iran said trade turnover between Tehran and Jakarta, which stood at $338 million in 2016, could rise to a total 600 million dollars by the end of 2017.
2017/08/29 , 10:50

Iran to sign 10 new oil contracts: oil Min.  
Serious negotiations to sign 10 new contracts have started, broke the news Iranian Oil Minister Bijan Zanganeh on Monday, according to the news department of Iran’s national radio.
2017/08/29 , 10:50

Minister predicts signature of 10 new oil contracts  
He explained according to the negotiations with the other sides, it is predicted that around 10 contracts will be convened until the end of this year.
2017/08/29 , 10:50

Iran ready for swapping 0.5 m barrels of oil a day: Official  
Iran is ready to transfer 500,000 barrels of oil from the Caspian Sea countries per day in the form of swap deals, an official in Iran's oil sector said.
2017/08/29 , 10:50

Time needed for oil swap resumption in north oil terminal  
Minister of Petroleum Bijan Zangeneh says resumption of oil swap in north oil terminal in Mazandaran will take time, depending on other parties' cooperation.
2017/08/29 , 10:50

Iran may start oil supplies to Russia within month  
Russian energy minister Alexander Novak announced that Iran can start deliveries to Russia under the "oil-for-goods" program within the next month, TASS reported.
2017/08/29 , 10:49

S.Korea's July Iranian crude oil imports jump 27 pct  
South Korea's crude oil imports from Iran rose 26.5 percent in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks to boost market share, Reuters reported.
2017/08/29 , 10:49

Iran’s crude oil exports to India increase  
Iran says its exports of crude oil to India have increased by 16 percent over the past month in what the country says is a fresh sign that speculations over the decline of exports to one of its largest Asian buyers are inaccurate.
2017/08/29 , 10:49

Iran’s crude oil exports to India increase  
Iran says its exports of crude oil to India have increased by 16 percent over the past month in what the country says is a fresh sign that speculations over the decline of exports to one of its largest Asian buyers are inaccurate.
2017/08/29 , 10:49

Iran rises oil output in July: OPEC  
According to OPEC’s latest monthly report, Iran’s oil output stood at 3.824 million barrels per day (bpd) in July, an increase of 7,000 bpd from 3.817 million bpd in June, based on secondary sources.
2017/08/29 , 10:49

Iran, Turkey, Russia sign oil investment deal  
Iran's Ghadir investment company, Russia's Zarubezhneft oil and gas intermediary and Turkey's Unit International have signed an agreement on joint investments in oil and gas fields' development projects, following a meeting in Moscow, Sputnik reported.
2017/08/29 , 10:49

Iran’s oil exports to China to rise  
Iran’s oil exports to China may rise to the highest in 11 months in August as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said.
2017/08/29 , 10:49

Iran raises oil exports to West, almost on par with Asia  
Iran's oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said.
2017/08/29 , 10:49

Iran oil export to Turkey doubles  
Iranian oil export to Turkey increased more than two times to 211,101 barrels per day during the first quarter of 2017 compared to the same period last year.
2017/08/29 , 10:49

Export capacity reaches 8mn bpd at Iran’s largest oil terminal  
IOTCO head said preparation of nine docks at Kharg oil terminal have increased its export capacity to approximately eight million barrels per day.
2017/08/29 , 10:49

Exports to Somalia up by 38%  
Iran’s Trade Promotion Organization announced that volume of Iran’s exports to Somali had risen by 38 per cent in the previous Iranian year
2017/08/29 , 10:49

Iran owns world’s largest tanker fleet  
while noting that Iran possessed the largest tanker fleet in the world, expounded on plans to renovate and expand the existing squadron.
2017/08/29 , 10:49

Iran exports 24mn barrels of gas condensate  
Iran deployed nearly 24 million barrels of gas condensate to Asian and European countries.
2017/08/29 , 10:49

Iran regaining OPEC’s market share  
The recent reports indicate that the Islamic Republic of Iran has already been able to escalate its oil exports to levels that existed before sanctions were imposed on the country in 2011
2017/08/29 , 10:48

Crude exports to Europe to reach 800k bpd  
Deputy oil minister said volume of Iran’s crude exports will climb from the current 500 thousand to 800 thousand barrels per day within two months.
2017/08/29 , 10:48

Belarus receives 1st cargo of Iranian oil  
Belarusian Company of Beloil Polska received a cargo of 600,000 barrels of Iranian crude oil at the port of Odessa in southern Ukraine.
2017/08/29 , 10:48

OPEC in dilemma of market share, crude prices  
Recent oil market developments could justify presence of shale oil as an alarm for OPEC members though what decision to take is yet open to debate.
2017/08/29 , 10:48

Iran's largest oil terminal export capacity hits 8mbd  
Managing Director of Iranian Oil Terminals Company Peirouz Mousavi announced on Saturday preparedness of 9 jetties for berth of oil tankers in Kharg Terminal.
2017/06/27 , 00:43

Iran's oil export from Kharg 87 percent up  
240 million barrels of light crude oil were exported last year (Iranian calendar) from Kharg oil terminal to Europe and Asia, up by 87 percent compared with the previous year, according to Iran Oil Terminals Company (IOTC) Managing Director.
2017/06/27 , 00:43

Kharg terminal dispatches 240mn crude barrels  
In the previous Iranian year (ended March 20), a total of 240 million barrels of Iranian light crude were deployed to global markets through Kharg oil terminal.
2017/06/27 , 00:43

Iranian companies, traders hold active role in Indonesia  
Indonesia Investment Coordinating Board (BKPM) has reported that Iranian companies and traders have embarked 25 investment projects worth of $25.6 million in Indonesia, in 2016-2017.
2017/06/26 , 00:43

World Bank projects 4 pc growth rate for Iran in 2017  
In its June 2017 Global Economic Prospects report, World Bank projected 4% growth rate for Iran in 2017.
2017/06/26 , 00:43

Zangeneh: Iran remains committed to its pledges to OPEC  
Minister of Petroleum Bijan Zangeneh said on Wednesday that the Islamic Republic of Iran will remain committed to its pledges with regards to the Organization of the Petroleum Exporting Countries (OPEC).
2017/06/26 , 00:43

Russian companies express interest in developing 9 Iranian oil and gas fields  
Following the conclusion of the St. Petersburg International Economic Forum (SPIEF) on Saturday, Iran's deputy oil minister for international affairs Amir-Hossein Zamaniniya talked to Sputnik about the prospects for Russian companies developing Iranian oil and gas fields.
2017/06/25 , 00:43

There is debate over length of OPEC-led oil output cut extension: Iran  
Iran's oil minister Bijan Zanganeh said Wednesday that OPEC will continue its production curb but there is debate among members about how long it will continue, Reuters reported.
2017/06/25 , 00:43

Iran exporting half of its oil to Europe  
Iran produces about 4 million barrels oil per day, half of which is exported to European countries, an official said.
2017/06/25 , 00:43

Iran oil output rises in May: OPEC  
Iran produced 3.795 million barrels per day of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report released on Tuesday.
2017/06/24 , 00:43

Iran raises oil exports to West, almost on par with Asia  
Iran's oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said.
2017/06/24 , 00:42

Iran oil export to Turkey doubles  
Iranian oil export to Turkey increased more than two times to 211,101 barrels per day during the first quarter of 2017 compared to the same period last year.
2017/06/24 , 00:42

Gazprom Neft, OMV to coop. on Iran's oil projects  
Austria’s OMV and Russia’s Gazprom Neft have signed and MoU to develop oil and gas projects of the Islamic Republic of Iran.
2017/06/23 , 00:42

Iran oil output beats 3.8 million bpd, eyes 4 million – oil minister  
Iran's crude oil production has surpassed 3.8 million barrels per day (bpd), oil minister Bijan Zanganeh announced on Saturday, adding that Tehran expects output to reach 4 million bpd by March 2018, Reuters reported.
2017/06/23 , 00:42

France's Total to go ahead with major Iran gas project: CEO  
Total will go ahead with development of a giant Iranian gas field this summer, its CEO told Reuters.
2017/06/23 , 00:42

Iran’s crude exports to Japan doubles  
Volume of Iran’s oil exports to Japan became twofold in October as compared with the contracts inked in mid-2016.
2017/06/22 , 00:42

NIOC to top up crude output by 8%  
National Iranian Oil Company (NIOC) will have increased its crude oil and gas production by 8 and 17 percent when the present Iranian year ends (March 20, 2018)
2017/06/22 , 00:42

23% increase in Asian imports of Iranian oil  
The four biggest buyers of Iranian crude oil in Asia increased their imports in April by nearly 23% from a year earlier, Reuters reports.
2017/06/22 , 00:42

Petroleum minister hails OPEC Meeting  
Petroleum Minister Bijan Zangeneh said that the recent OPEC Meeting in Vienna was smooth compared to those held over the past three years and there was consensus among the members.
2017/05/26 , 09:14

Oil Minister: Election removes obstacles for new contracts  
Iran's 12th Presidential election removed an important part of obstacles in the way of new oil contracts’ implementation, said Bijan Zangeneh, Minister of Petroleum on Wednesday.
2017/05/25 , 09:14

Iran petroleum minister, Total CEO meet in Vienna  
Minister of Petroleum Bijan Zangeneh and Chairman and Chief Executive Officer (CEO) of French Total Patrick Pouyanné met in the Austrian capital on Thursday prior to the 172nd OPEC conference.
2017/05/25 , 09:14

OPEC members agree on 9 month oil cuts extension  
OPEC (Organization of the Petroleum Exporting Countries) member states in their 172nd meeting in Vienna on Thursday agreed to extend production cuts for nine months.
2017/05/25 , 09:14

Official: Iran inks 70 lease contracts for oil tankers in post-JCPOA  
Managing Director of National Iranian Oil Tanker Company (NIOTC) Cyrus Kian Erthi announced on Tuesday that in post-JCPOA era more than 70 contracts on renting Iran's oil tankers were inked by big foreign companies.
2017/05/24 , 09:14

Statistics Center: Italy first EU trade partner of Iran  
Italy is designated as the first trade partner of Iran among the EU member states in the first quarter of 2017, a statistical center announced.
2017/05/23 , 09:14

Iran capable to produce 3million bpd of oil: Official  
The deputy head of National Iranian Oil Company (NIOC) said the country is capable to produce 3 million barrels of oil per day.
2017/05/23 , 09:14

Iran, Spain to broaden railway cooperation  
The Islamic Republic of Iran Railway and Spanish Railway Infrastructure Management state company have signed a deal for rail traffic management and modernization of signaling system and railway transportation network communication.
2017/05/22 , 09:14

Iran's extraction from joint field with Qatar equals in 11th gov't: Minister  
Petroleum Minister Bijan Zangeneh said on Wednesday that Iran's gas extraction from the joint field with Qatar equaled with Qatar in the 11th government after the 11 phases of South Pars came into stream, each costing $5 billion.
2017/05/22 , 09:14

Oil shipments from Kharg Terminal 80% up  
Iran shipped 780 million barrels of crude oil from Kharg Oil Terminal during the previous calendar year to March 20, up by 80% from the previous year, a senior oil terminals official said.
2017/05/19 , 21:56

Easier Access to Key Oil Equipment  
After the easing of international sanctions and gradual normalization of trade ties with foreign firms, most of the equipment and machinery for the oil sector, held overseas, was released and delivered in Asalouyeh, Bushehr Province
2017/05/19 , 21:56

Iran Oil Industry Still in Recovery Mode  
Mismanagement by the previous government plus the international economic sanctions incapacitated the key oil industry, Oil Minister Bijan Namdar Zanganeh said, stressing that Tehran has made concerted efforts to recuperate the oil and gas sectors over the last four years.
2017/05/19 , 21:56

Iran to expand Azadegan oilfield output, oil and gas pipeline capacity  
Mousavi said that Iran’s Research Institute of Petroleum Industry (RIPI) was studying a project to delivered blended oil of various API gravity. He said that Iran owes 70 per cent of its revenue to IOTC terminals
2017/05/19 , 21:55

Pirouz Mousavi, managing director of the Iranian Oil Terminals Company : Raising Oil Export Capacity  
In related news, Pirouz Mousavi, managing director of the Iranian Oil Terminals Company (IOTC) hailed the positive effect of the landmark nuclear deal on key oil sector.
2017/05/19 , 21:55

Oil tankers docking at Iran’s Kharg terminal double  
A senior Iranian official says the number of foreign oil tankers docking at Iran’s southern Kharg oil terminal has doubled after the implementation of last year’s nuclear agreement between Iran and six global powers.
2017/05/18 , 21:56

Iran’s Oil Exports Doubled with JCPOA Implementation: President  
Iranian President Hassan Rouhani highlighted the outcome of the July 2015 nuclear deal with world powers, known as the Joint Comprehensive Plan of Action (JCPOA), saying that the country’s oil exports have doubled since the deal took effect in January 2016.
2017/05/18 , 21:55

NIOC Ratifies Exploration and Production Roadmap  
The National Iranian Oil Company has approved a roadmap to expand exploration and production in five oil and gas blocks in line with efforts to raise crude and natural gas output.
2017/05/18 , 21:33

Iran plans to boost crude oil output capacity by 3 million bdp  
Iran plans to raise its crude production capacity by 3 million bdp, deputy of National Iranian Oil Company, Gholamreza Manouchehri saying Monday.
2017/05/18 , 21:33

IOTC Plans to Export West Karoun Oil  
Iran Oil Terminals Company (IOTC) is preparing infrastructure to export oil produced from fields in the West Karoun area in western Iran, the IOTC chief said.
2017/05/17 , 21:55

Iran refreshes consent with oil at $55  
Iran has refreshed its consent with the price of oil around $55 per barrel with the country’s Petroleum Minister Bijan Zanganeh stressing that there is already a consensus among producers to keep the prices at the same level by extending the current production cuts.
2017/05/17 , 21:33

Majlis Speaker Underpins Petroleum Investments  
The ruling establishment will back any effort that will help Iran develop its key petroleum industry, Majlis Speaker Ali Larijani said on Saturday.
2017/05/17 , 21:33

Indonesian MP calls for Iranian oil investment  
A member of the Indonesian Parliament said on Wednesday that in order for the country to increase its oil imports from Iran, it needs new refining equipment.
2017/05/17 , 21:33

Philippines to buy Iranian crude  
Director of Philippine National Oil Company (PNOC) has reported on purchase of 250 thousand barrels of crude oil from Iran aiming to supply feedstock to a new refinery complex.
2017/05/16 , 21:55

Ministry Denies Obstruction in Export Payments  
The Oil Ministry faces no obstacles in getting paid for selling crude oil to foreign buyers, says Amirhossein Zamaninia, deputy oil minister for international affairs.
2017/05/16 , 21:33

JCPOA Eased Oil Money Receipt  
The National Iranian Oil Company exports 2.5 million barrels of crude oil and gas condensates per day to customers from Asia to Europe and the Central Bank of Iran receives the full sale revenues in different currencies, CBI said in a statement.
2017/05/15 , 21:33

Indian Refiners Offered Oil Tanker Service  
Managing director Sirous Kianersi made the statement in India last week after meeting with the country's Oil Minister Dharmendra Pradhan, Shana reported.
2017/05/15 , 21:33

Official: Iran seeks transition from oil to knowledge-based economy  
Oil share in Iran's economy has been decreased to about 20 percent which is a reasonable figure compared to the resource-rich countries, said Vice-President for Science and Technology on Wednesday.
2017/05/15 , 21:33

OMV Wrapping Up Talks on NIOC Settlement  
The chief executive of Austrian energy group OMV, Rainer Seele, said on Thursday that talks with Iran's national oil company NIOC on settling outstanding claims which have hindered OMV from investing more in the country are almost finished.
2017/05/14 , 21:33

Iran Oil Industry Growth Tied to Investments  
The economy will struggle if the oil industry, the engine of economic growth, does not get the long-awaited impetus after years of underinvestment.
2017/05/14 , 21:33

Iran Will Go Along With Whatever OPEC Decides on Crude Cutbacks  
Iran will go along with whatever decision OPEC makes at its meeting later this month on whether to extend oil production cuts beyond June, Oil Minister Bijan Namdar Zanganeh said.
2017/05/13 , 21:32

IOTC: Iran's oil export hits record high  
Managing director of National Iranian Oil Company (NIOC) said on Saturday that Iran's oil and gas condensates exports hit a record of 3.047 million bpd in February-March, unprecedented since Islamic Revolution.
2017/05/12 , 21:32

Iran's RIPI Developing Oil Desalination Unit  
The Research Institute of Petroleum Industry (RIPI) is taking steps to develop an advanced desalter, an important piece of equipment used in refineries to remove salt from crude.
2017/05/11 , 21:32

Iran Oil Minister Backs Extension of Crude Supply Cuts  
Tehran will support a decision to extend an OPEC-led agreement to cut crude oil supplies and lift sagging prices if other members of the Organization of Petroleum Exporting Countries continue to comply with their planned cuts.
2017/05/10 , 21:32

Iran Reports Upsurge in Crude Exports  
The easing of international restrictions against Tehran in early 2016 breathed new life in the economy and allowed the country to augment the shipment of crude oil, its most important export commodity.
2017/05/09 , 21:32

Iranian Crude Oil at $53 Per Barrel  
Iran's crude oil traded above $53 a barrel in the week to April 14, reflecting the global confidence in a pact between OPEC and non-OPEC producers to slash supplies to boost flagging oil prices.
2017/05/08 , 21:31

MOTs to Help Improve Oilfield Development  
In line with the declared policy to ramp up oil output from shared oilfields with Iraq in the West Karoun oil block in Khuzestan Province, using modern equipment like mobile oil treaters (MOTs) are on the agenda, a senior oil official said.
2017/05/07 , 21:31

National Iranian Oil Co. Says IPC Tenders Postponed Due to Elections  
Tehran will refocus on tenders prepared for oil and gas field development projects after the presidential election on May 19, said Ali Kardor, chief executive officer of the National Iranian Oil Company.
2017/05/06 , 21:31

S.Korea's Iranian crude imports up 63%  
South Korea's oil imports from Iran increased 63.5 percent compared to the previous year.
2017/05/05 , 21:31

Iran Crude Oil Slips Below $50  
Iranian crude oil traded down more than 4% to $45 per barrel in the week to April 28, showing signs of pressure from the slowdown in the global oil markets.
2017/05/04 , 21:31

Iran Oil Show 2017 with taste of JCPOA  
The 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition was held in the Iranian capital last week while the European states had stronger presence in the event due to the July 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).
2017/05/04 , 21:31

National Iranian Oil Co. Says IPC Tenders Postponed Due to Elections  
Tehran will refocus on tenders prepared for oil and gas field development projects after the presidential election on May 19, said Ali Kardor, chief executive officer of the National Iranian Oil Company.
2017/05/03 , 21:31

Bushehr's non-oil exports soar by 47%  
Deputy Head of Bushehr Province Customs Office in Export and Transit said on Wednesday that 39.6 million tons of non-oil goods were exported from the province to foreign countries, up by 47 percent as compared with last year.
2017/05/02 , 21:31

iran Says It Holds No Oil Inventories at Sea  
Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, managing director of Iranian Oil Terminals Company (IOTC) said Sunday.
2017/05/01 , 21:31

Iran capable to produce 3million bpd of oil: Official  
The deputy head of National Iranian Oil Company (NIOC) said the country is capable to produce 3 million barrels of oil per day.
2017/04/30 , 21:26

Petroleum minister puts Iran's oil exports at 2.6m bpd  
Minister of Petroleum Bijan Zangeneh said on Wednesday that Iran exported more than 2.6 million bpd last year on average and will continue the same path this year.
2017/04/15 , 15:32

Iran's crude oil export to India increases 540,000 bpd  
Iran’s crude oil export to India for the fiscal year 2016-2017 increased to 540,000 barrels per day showing a three-fold rise in comparison with the preceding year.
2017/04/13 , 17:01

Iran’s crude, gas condensates’ export surpasses 3mn last month  
Iran increased its export of crude oil and gas condensates to over 3 million barrels per day last month.
2017/04/13 , 16:10

Iran’s post-sanctions oil exports to EU rise  
Reports say Iran’s exports of crude oil to Europe surged after the EU lifted most of the trade and financial restrictions against the country in January 2016.
2017/04/13 , 14:44

‘Oil above $55 per barrel not to OPEC's benefit'  
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.
2017/04/13 , 10:31

Crude exports exceed 3mn bpd  
Iran’s export of crude oil and gas condensates rose to over 3 million barrels per day last Iranian month (end March 20).
2017/04/12 , 13:26

Iran's trade balance positive for 2nd year  
Iran’s Customs Office announced that the country has a positive trade balance for the second year in a row.
2017/04/12 , 07:39

1st cargo of Iranian oil delivered to Belarus  
A tanker carrying the first consignment of Iranian oil purchased by Belarus docked at the Port of Odessa, southern Ukraine, on Thursday delivering the cargo to the Belarusian side.
2017/04/11 , 10:32

Asian imports of Iran’s oil up about 70%  
The latest market figures show that imports of Iranian crude oil by Asia's four main buyers increased by about 70 percent in January.
2017/04/10 , 14:34

Iran to boost oil exports to Europe: Ministry official  
Iran’s oil exports will rise to 800,000 barrels per day by the next two months, says the deputy minister of petroleum
2017/04/10 , 14:32

Novak: Russia to buy 100,000 bpd of Iran oil  
Energy Minister Alexander Novak says Russia is negotiating daily purchases of 100,000 barrels of crude oil from Iran.
2017/04/08 , 18:04

Iran hails OPEC compliance with output cuts  
Iran has described OPEC’s level of compliance with production cuts in January as satisfactory with the country’s oil minister saying he expects more cooperation – not only from OPEC member states but also non-member producers - to cut output and help stabilize the market.
2017/04/08 , 10:34

OPEC in dilemma of market share, crude prices  
Recent oil market developments could justify presence of shale oil as an alarm for OPEC members though what decision to take is yet open to debate.
2017/04/08 , 10:08

Iran announces major shale oil discovery  
Iran says it has discovered major reserves of shale oil in the western parts of the country with a top official saying that the reserves are the first that have a feasible potential for production.
2017/04/07 , 16:30

Belarus receives 1st cargo of Iranian oil  
Belarusian Company of Beloil Polska received a cargo of 600,000 barrels of Iranian crude oil at the port of Odessa in southern Ukraine.
2017/04/07 , 11:23

Iran’s oil output to reach 4mb/d next March  
Iran’s Oil Minister says he expects the country’s overall oil production capacity to reach around four million barrels per day (mb/d) by next March.
2017/04/07 , 10:10

Iran’s condensate exports hit new record  
The latest official figures show that Iran exported a record volume of 24 million barrels of condensate to Europe and Asia in January.
2017/04/06 , 15:35

India says Iran already 'retaliated' against its oil import cut plan  
Indian media say Iran has cut by one-third the time it gives to Indian refiners to pay for oil they buy from it and has also raised ship freight rates.
2017/04/06 , 09:41

Crude exports to Europe to reach 800k bpd  
Deputy oil minister said volume of Iran’s crude exports will climb from the current 500 thousand to 800 thousand barrels per day within two months.
2017/04/06 , 08:12

Iran ready to ship 100 bpd crude to S Africa  
Oil Minister Zanganeh has voiced Iran’s readiness to deploy 100 thousand barrels of crude oil per day to South Africa as well as to purchase refinery shares there.
2017/04/05 , 09:54

Sout Korea’s Iran oil imports soar to record high  
South Korea’s purchases of Iranian crude oil rose to record high in March and nearly doubled in the first quarter of 2017 from the year before, in a fresh testimony to Iran’s successful inroads into global markets.
2017/04/05 , 08:29

Iran sold all oil stored at sea – report  
Oil market sources say Iran has sold all the oil it had stored at sea for years – a sign of the country’s positive performance in marketing its vital crude oil supplies.
2017/04/04 , 19:24

Iran regaining OPEC’s market share  
The recent reports indicate that the Islamic Republic of Iran has already been able to escalate its oil exports to levels that existed before sanctions were imposed on the country in 2011.
2017/04/04 , 19:09

Iran’s crude oil exports hit a record  
A Reuter’s survey estimates that Iran’s crude oil production rose by 10,000 bpd (barrels per day) to 3.77 MMbpd (million barrels per day) in March 2017—compared to the previous month.
2017/04/04 , 09:37

Iran struggles to expand oil exports as sea storage cleared  
Iran has sold all the oil it had stored for years at sea and Tehran is now struggling to keep exports growing as it grapples with production constraints, shipping and oil sources say.
2017/04/03 , 17:38

Price of Iran’s heavy crude keeps rising  
The rise in value of Iran’s heavy oil has demonstrated a new record high for the second consecutive week as it was traded at over $53 per barrel.
2017/04/03 , 16:21

Iran To Reduce Exports To Below Pre-Sanctions Levels  
Iran will be decreasing oil exports to 2.4 million barrels per day in the current fiscal year.
2017/04/03 , 14:30

Iran’s oil exports at record post-sanction highs  
Iran says its total exports of crude oil and condensate have surpassed 3 million barrels per day (mb/d) – a level not seen for at least the past six years.
2017/04/03 , 10:41

Iran: Oil exports near record 3 million bpd  
Iran's total exports of crude oil and gas condensate by Iran neared a record 3 million barrels per day (bpd) in the Persian month of Esfand which ended on March 20, Minister of Petroleum Bijan Zangeneh says.
2017/04/02 , 16:21

Iran to export 800,000 bpd of oil to EU  
Iran says it expects to increase exports of crude oil to Europe to as high as 800,000 barrels per day (bpd) within the next two months.
2017/04/01 , 10:25

IOTCO exports 24mn barrels of gas condensate  
In January 2017, Iran deployed nearly 24 million barrels of gas condensate to Asian and European countries.
2017/04/01 , 08:54

Iranian oil exports dip in March, floating storage almost cleared  
Iran's crude oil and condensate exports in March fell slightly from the previous month as refinery runs picked up but the OPEC producer has managed to clear almost all of its oil in floating storage.
2017/03/31 , 19:38

Japan resumes imports of naphtha from Iran  
Reports say Japan is set to receive its first cargo of naphtha from Iran after the removal of sanctions against the country by the end of this week.
2017/03/31 , 18:31

Tehran to seal oil sale deal with Moscow within weeks  
Oil Minister Zanganeh announced that agreements have been reached with Russia over signing a crude sale deal to the Eurasian country by March 05.
2017/03/31 , 13:01

India’s imports from Iran trebled in February  
The latest shipping figures show that India’s imports of crude oil from Iran in February increased by about three times compared to the same period last year.
2017/03/31 , 11:15

Daily oil revenues up by $30mn  
Deputy oil minister, while pointing to Iran’s talks with OPEC members on reaching equilibrium in the market, said Vienna freeze deal has lifted the country’s daily crude income by 30 million dollars
2017/03/30 , 14:27

South Korea’s imports of Iranian oil up 54%  
The latest official figures show that South Korea’s imports of oil from Iran rose by about 54 percent in February from a year ago.
2017/03/30 , 10:01

Belarus purchases first ever oil cargo from Iran  
Reuters reported that Belarus’s Bel Oil had purchased 80,000 tons – equal to 600,000 barrels – of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in February.
2017/03/30 , 08:31

India's oil imports from Iran top 500,000 bpd in 2016/17 - trade  
India's Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions against Tehran last year.
2017/03/30 , 07:12

Iran announces its oil and gas production for next 12 months  
Crude oil production will reach more than 4 million barrels per day and natural gas output is slated to exceed 1 billion cubic meters a day in the present fiscal that ends in March 2018.
2017/03/29 , 09:12

Expensive Oil not to Benefit OPEC Members in Mid-Term: Iran  
Too expensive crude oil does increase revenues of the Organization of the Petroleum Exporting Countries (OPEC) but would ultimately damage their economies because the rivals will increase output at high oil prices, Iranian Minister of Petroleum Bijan Zangeneh said.
2017/03/28 , 13:27

Iranian crude price hits unprecedented level  
In the time with the cap on oil output of OPEC and non-OPEC producers, price per barrel for Iran’s light crude has reached the record high level of 53 dollars.
2017/03/28 , 12:27

South Korea's March crude imports from Iran hit record high  
South Korea’s intake of Iranian crude oil soared to a record high in March and its first-quarter crude imports from Iran nearly doubled on year, reflecting Tehran’s efforts to raise output after the lifting of sanctions early last year, Reuters reported.
2017/03/28 , 08:11

Iran to have $50 billion oil revenues next year  
Petroleum Minister Bajan Zangeneh said that Iran oil exports has reached the pre-sanctions level and its oil income will reach 45 to 50 billion dollars next Iranian year (to start March 21), if a barrel of crude sells for $55.
2017/02/08 , 13:19

Iran takes market share from OPEC rivals  
Iran’s crude oil and condensate exports rose three percent month-on-month in January as it continued to regain market share, widening its appeal among refiners around the globe in the process.
2017/02/07 , 13:19

Oil storage capacity up by 10mn barrels  
IOTC head has reported on inauguration of the project to lift Iran’s crude oil storage capacity by 10 million barrels in the Persian Gulf.
2017/02/06 , 13:20

Project to conserve 10m barrels oil operational north of Bushehr Prov.  
The project to conserve 10 million barrels of crude oil north of Bushehr Province, the biggest reserve run by the private sector, has been put into operation
2017/02/06 , 13:19

Foreign presence in Iran's capital market facilitated after JCPOA  
Head of Iran's Securities and Exchange Organization (SEO), Shapour Mohammadi, said on Tuesday that foreigners' presence in Iran's capital market has been facilitated after the Joint Comprehensive Plan of Action (JCPOA).
2017/02/05 , 13:19

Japan to invest $6.9 billion in Iran's projects  
The Government of Japan has expressed readiness to allocate 6.9 billion dollars to fund five projects in Iran in a bid to continue expand bilateral relations between the two countries as well as humanitarian issues.
2017/02/04 , 13:19

NIOC, Malaysian BIV sign MoU for studying 2 gas fields  
ran and Malaysia on Wednesday signed a Memorandum of Understanding (MoU) to study Golshan and Ferdowsi gas fields for a period of seven months.
2017/02/03 , 13:20

Iran’s refinery products to reach 3mbd by 2021  
Minister of Petroleum, Bijan Zangeneh, said on Monday that Iran’s refinery products will reach three million barrels per day by the end of the Sixth Five-Year Economic Development Plan (2016-21) based on the pre-scheduled plan and targets.
2017/02/03 , 13:19

$11bn investment target for 2016 met  
According to the official statistics, Iran has experienced up to 11 billion dollar investment in 2016, Government Spokesperson Mohammad-Baqer Nobakht said on Thursday.
2017/02/02 , 13:19

Japan buys Iranian gas condensate  
Following exports of several gas condensate cargos to South Kora, Japan has also purchases 160,000 barrels of gas condensate from phases 20 and 21 of South Pars field.
2017/01/30 , 18:45

IOTCO, 4th biggest provider of oil for India  
racks of the ships indicate that Iran by daily exporting 473,000 barrels of oil to India has turned into the fourth biggest oil provider for that country in 2016.
2017/01/30 , 11:11

Iran starts sending own oil tankers to Europe  
Reports say Iran has sent at least two supertankers to Europe in what appears to be the country’s first direct shipment of crude oil to EU clients after the removal of sanctions last year.
2017/01/29 , 18:45

Asia's Dec. imports of IOTCO Iran oil more than double from 2015  
New official data show top four Asian buyers of Iran’s crude oil more than doubled their imports from the country in December compared with the same month a year earlier, for the third straight month.
2017/01/29 , 10:16

Iran exports major condensate cargo to Japan  
Iran says it has started exporting condensate – a form of ultra light oil - from two newly launched phases of its giant South Pars gas field to Japan.
2017/01/28 , 18:45

IOTC lends out 35 tankers to European oil giants  
NITC head announced that 35 Iranian tankers have been leased out to oil companies in Europe like Spain’s Cepsa and Eni of Italy.
2017/01/28 , 13:39

Iran sees oil refining megadeals with Japan, China soon  
Iran expects to sign its biggest oil refining contracts worth $8.6 billion with a number of Japanese, Chinese and Korean companies this month or later, a minister said on Wednesday.
2017/01/28 , 09:55

Iran sends first condensate cargo to Europe  
Iran says it has sent its first cargo of gas condensate to Europe in a sign that shows the country is already expanding the market for its ultra light oil.
2017/01/27 , 18:45

Lukoil says Iran is target, sees deal imminent  
Russia’s Lukoil company says it hopes to reach an agreement on development of two oil fields in Iran in the first half of the year.
2017/01/27 , 08:25

Iran Oil Output at 3.9 mbd: Minister  
Iranian Minister of Petroleum Bijan Zangeneh says Iran's crude oil output is at 3.9 million barrels per day. Speaking on the sidelines of a government cabinet meeting on Wednesday, the official said Iran is now pumping 3.9 million barrels of oil per day.
2017/01/26 , 13:39

IOTCO : iran exports major condensate cargo to Japan  
Iran says it has started exporting condensate – a form of ultra light oil - from two newly launched phases of its giant South Pars gas field to Japan.
2017/01/26 , 07:46

Europe preparing for biggest Iran oil imports  
Market figures show Europe is preparing to import the highest amount of crude oil from Iran in five years this month.
2017/01/25 , 18:35

No Changes to Iran Oil Export Policies: Official  
The newly appointed director of international affairs of the National Iranian Oil Company (NIOC), Saeid Khoshrou, said Iran's crude oil sale policies will not change under his leadership.
2017/01/25 , 13:39

Crude output to rise by 15k bpd  
An oil official has announced that implementation of two new desalination plants in southern oil-rich regions will lift Iran’s oil production capacity by 15 thousand barrels per day.
2017/01/25 , 13:39

Iran tanker in Europe on first post-sanctions trip  
An Iranian oil tanker has called at a European port for the first time since the lifting of sanctions last January, managing director of the National Iranian Tankers Company (NITC) says.
2017/01/24 , 17:25

NITC Vessel Calls at European Port  
Managing Director of the National Iranian Tanker Company (NITC) Sirus Kianersi said the first Iranian crude tanker has recently called at a Spanish port, saying NITC vessels have been able to sail freely in European waters in the post-JCPOA era.
2017/01/24 , 13:39

India's 2016 IOTCO Iran oil imports hit record high  
Official figures show India’s imports of crude oil from Iran hit a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran.
2017/01/23 , 16:01

3 factors posing threats to higher crude prices  
An oil official has expounded on three factors which could pose major threats to the anticipated upsurge in global oil prices in 2017
2017/01/23 , 13:39

Iran expects to sell $41bn of oil, condensate  
Iran’s Oil Minister Bijan Zanganeh says the country’s overall sales of crude oil and condensate will reach as high as $41 billion by the end of the current Iranian calendar year (21 March 2017).
2017/01/22 , 15:25

Iran to realize OPEC-designated production quota  
NIOC deputy head said Iran’s daily crude output was approaching the 90-thousand-barrel rise as agreed by the 171st OPEC Meeting in Vienna.
2017/01/22 , 13:39

Iran’s daily oil production near 4mn barrels  
Iran says its production of oil has reached around 4 million barrels per day (mb/d) – a yet another indication that the country is regaining its crude production abilities after multiple years of sanctions.
2017/01/21 , 10:46

China’s imports of IOTCO oil to hit record high  
Oil market sources say they expect to see China’s imports of crude oil from Iran to surge to a record high in 2017.
2017/01/20 , 06:46

European oil tankers return to Iran  
OTC head, while pointing to coming back of European oil tankers to Iranian terminals, reported on a 50% rise in volume of tanker traffic in Iran.
2017/01/17 , 00:21

Oil Ministry rejects Reuters’ claim on condensate sales to S Korea  
In response to a claim made by Reuters, Iranian Oil Ministry announced that gas condensate exports to South Korea not only did not decline, but rather they soared.
2017/01/14 , 14:33

Iran has no oil stored on water  
IOTC managing director emphasized that not even one single barrel of crude is being stored on water in Iranian oil terminals.
2017/01/14 , 11:33

Oil revenues to top $41bn  
Iranian Oil Minister Zanganeh, while evaluating current oil market conditions as satisfactory, said the country’s oil revenues will mount to 41 billion dollars in the present Iranian year.
2017/01/13 , 10:33

Iran pursues 30-year plan to boost oil, gas recovery  
NIOC deputy head said in case the plan to increase recovery factors of oilfields by 14 per cent becomes realized, 400 billion dollars will be added to worth oil reserves
2017/01/10 , 09:18

Revolutionary former president of Iran laid to rest  
On Tuesday, hundreds of thousands of Iranians took to the streets to be part of the historic burial ceremony of the revolutionary man, Akbar Hashemi Rafsanjani who passed away on Sunday at the age of 82.
2017/01/09 , 23:18

Crude exports to Italy reach record high  
Iran has set a new record in oil sales to Italy by deployment of 230 thousand barrels of crude per day to the EU member state.
2017/01/08 , 23:18

NIOC Appoints New Head of Int'l Affairs  
Ali Kardor, the managing director of National Iranian Oil Company (NIOC), has appointed Saeid Khoshrou as NIOC's new director of international affairs, replacing Mohsen Qamsari.
2017/01/08 , 15:28

Iran ready to host Russian oil tankers  
Iran seeks to reform pipelines systems in Neka oil terminal in time with final negotiations between Iran and Russia over sales of 100 thousand barrels of crude oil per day.
2017/01/07 , 17:18

Iran NIOC , IOTCO in no deal for pipeline construction for transfer of oil from Iraqi Kurdistan region  
Ministry of Petroleum announced on Tuesday that it had reached no agreement for construction of pipeline for transfer of crude oil from Iraqi Kurdistan region to Iranian territory.
2017/01/05 , 10:18

Iran oil output nearing 4m bpd: Oil official  
Deputy for Engineering and Development Affairs of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri has announced that the country is now producing daily 3.9 million barrels of oil.
2017/01/04 , 09:18

Iran to increase 60,000 bpd oil output in the Persian Gulf  
Managing Director of Iranian Offshore Oil Company (IOOC) Hamid Board on Tuesday unveiled a plan to increase oil output next year by 30,000 bpd at the early stage and 60,000 bpd ultimately.
2017/01/01 , 08:25

Iran gains share of 6.6% in Japan oil market  
Iranian oil export share in the Japanese oil market rose up to 6.6 percent in light of 49,000 bpd growth in Iran's oil exports in October.
2016/12/31 , 08:18

Iran Should Raise Oil Products' Exports: Rafsanjani  
Expediency Council Chairman Ayatollah Akbar Hashemi Rafsanjani says oil products' exports should be increased. Addressing a group of top sailors in Kharg Island, Ayatllah Rafsanjani said conditions should be prepared for distancing from crude sale and selling oil products instead.
2016/12/21 , 12:25

Record Berthing of 10 Tankers in Kharg Island  
Director of Iran Oil Terminals Company (IOTCO) Pirouz Mousavi says record of oil tankers' berthing in Kharg Terminal is broken as concurrently 10 oil tankers have berthed in the terminal this year.
2016/12/21 , 12:25

Lukoil after oil swap with Iran  
Iranian oil minister has announced that Russia’s Lukoil is seeking to launch crude oil swap with Iran
2016/12/18 , 19:15

5 Oil Tankers Berth in Kharg Island Eastern T Jetty  
Managing Director of Iran Oil Terminals Company (IOTC) Seyed Pirouz Moussavi says five oil tankers simultaneously berthed in the eastern T jetty of Iranian southern Kharg Island.
2016/12/18 , 13:15

Iran, Indonesia sign 4 cooperation documents  
Iran and Indonesia inked four memoranda of understanding in Tehran on Wed. in the presence of President Rouhani and President Widodo.
2016/12/16 , 10:47

IOTC Launches 4th SBM to Enhance Gas Condensate Exports  
Iranian Oil Terminals Company (IOTC) has launched its fourth single buoy mooring (SBM) in order to boost the country's gas condensate exports, IOTC managing director said.
2016/12/15 , 21:10

Major Polish refineries buy Iranian crude  
Deputy Iranian oil minister, while noting that oil sales have begun to Poland’s second largest refinery, said relevant negotiations have kicked off with another refinery complex of the eastern European country.
2016/12/15 , 16:47

Iran, Russia endorse investment agreements  
Russia’s Minister on Energy Alexander Novak announced that Iran and Russia have signed into several investment contracts in recent days.
2016/12/15 , 16:47

Moscow to purchase 100k bpd of Iranian crude  
Iran’s Oil Minister Zanganeh said Tehran and Moscow have agreed on sales of 100 thousand barrels of crude oil per day.
2016/12/14 , 11:47

Russia to undertake development of 7 Iranian oilfields  
Iran’s Oil Minister Bijan Zanganeh reported on signing research and development MoUs with Russia for expansion of seven Iranian oilfields.
2016/12/13 , 10:47

JCPOA result of patience, competence  
Minister of Industry of the Republic of Belarus hailed Iran's successes in foreign policy and JCPOA implementation, adding the achievement is due to the competency of Iranian officials and patience of the nation.
2016/12/13 , 07:47

NIOC to explore oil, gas in Oman Sea  
A National Iranian Oil Company (NIOC) official has reported on Iran’s new programs to discover oil and gas in the Sea of Oman.
2016/12/12 , 12:47

Tehran, Seoul finalize $650mn deal to purchase 10 ships  
Hyundai Heavy Industries Company announced Sat. that it had received a final proposal by Iranian Shipping Lines (IRISL) to buy 10 ships worth 650 million dollars.
2016/12/11 , 09:47

Non-OPEC members agree to curtail oil output  
OPEC and non-OPEC countries hit an accord on Saturday to keep global crude production at 1.760 to 1.8 million barrels per day (bpd).
2016/12/10 , 08:47

NIOC, Royal Dutch Shell hit deal to extend field  
National Iranian Oil Company and Royal Dutch Shell have signed deal to develop Iran’s three oil and gas fields
2016/12/09 , 07:47

207 MPs hail Iran’s successful oil diplomacy  
Some 207 members of the Iranian parliament in a statement appreciated Iranian oil diplomacy which resulted in Iran’s gaining its pre-sanction quota in the Organization of Petroleum Exporting Countries (OPEC).
2016/12/07 , 14:39

Oil min. to attend OPEC, non-OPEC meeting  
Iran’s Oil Minister Bijan Zanganeh will participate at meeting between OPEC and non-OPEC nations to be held in Vienna on Dec. 10.
2016/12/05 , 09:40

IOTC Launches 4th SBM to Enhance Gas Condensate Exports  
Iranian Oil Terminals Company (IOTC) has launched its fourth single buoy mooring (SBM) in order to boost the country's gas condensate exports, IOTC managing director said.
2016/12/04 , 07:17

BP ready to pay off Iran’s debts  
Deputy oil minister has announced that British Petroleum (BP) is ready to settle debts to Iran though the process has been hindered due to banking issues.
2016/12/04 , 06:39

OPEC agrees to 1.2mbd output cut  
The petroleum ministers of the Organization of the Petroleum Exporting Countries (OPEC) have agreed to cut 1.2 million barrels a day from the Organization's present output
2016/12/01 , 00:54

OPEC pegs Iran's share at 3.9mbd  
OPEC in its 171st ordinary meeting on Wednesday, November 30, agreed to Iran's share of 3.9 million barrels per day in its total output.
2016/12/01 , 00:54

OPEC 171st session opens in Vienna  
OPEC 171st session attended by oil ministers of member states opened in Vienna today, the most sensitive event in the past years, according to oil market experts.
2016/11/30 , 16:45

Zangeneh, Algerian counterpart meet in Vienna  
Algerian Minister of Energy and Mining Noureddin Boutarqe met with Minister of Petroleum Bijan Zangeneh in Vienna late on Tuesday.
2016/11/30 , 13:10

South Korea's oil imports from IOTCO more than double:  
The latest reports and data in South Korea show that the country's oil imports from Iran has risen to more than double in the third three months of the year
2016/11/29 , 10:45

Iran pulls ahead in race to supply India with oil  
The latest reports indicated that The Islamic Republic of Iran is on the front of the competition for market share in the world’s fastest-growing oil consuming nation, India.
2016/11/28 , 09:40

1 Month Left to Swap  
The hotel is not far from the installations. The bus carrying journalists arrives at the destination very fast. We got off the vehicle. On the Caspian coasts where land and sea meet stand the structures of a green terminal. Small and large fish are swimming beneath our feet and just very close to stone rocks.
2016/11/12 , 15:39

Neka Ready to Boost Capacity  
Four years have passed since oil cargoes were last delivered to this terminal. But Shahdoust believes that its equipment is fully ready for operation.
2016/11/11 , 15:39

NEKA Pollution-Free Terminal  
This terminal is a fully green terminal in mining and industry sector in Mazandaran Province. The existing system is able to separate water and oil and direct water towards sea and drive oil into the storage tank.
2016/11/10 , 15:39

Global oil giants return to Iran  
The international relations of Iran which is known as the fourth largest oil and the second largest gas reserves in the world have undergone major change following the implementation of JCPOA, and its icy relations with other countries seems to be thawing in the years of sanctions.
2016/11/09 , 15:39

Iran eyes inking new oil deals worth $130bn  
Deputy oil minister has estimated that Iran will sign into 11 projects worth 130 billion dollars with international companies in the upstream oil sector.
2016/11/08 , 15:39

Iran plans to complete new oil export terminal by year-end  
Iran expects to complete a pipeline and a terminal to export a new grade of crude by year-end, boosting the country's drive to ramp up oil production to pre-sanctions levels.
2016/11/07 , 17:55

Iran's crude oil storage capacity to hit 10 million barrels  
Managing Director of Iranian Oil Terminals Company (IOTC) Pirouz Mousavi said in this southern province on Saturday that the country crude oil storage capacity would be increased to 10 million barrels in near future.
2016/11/05 , 17:55

Iran’s crude exports hit record high  
Iran’s oil minister has announced that the country’s crude oil exports has reached 2.44 million barrels per day which marks a new record in the post-JCPOA era.
2016/11/02 , 10:56

Iran's oil exports to Europe rises to 700,000 b/d  
A top official with National Iranian Oil Company (NIOC) Mohsen Qamsari said on Wednesday that Iran's oil exports to Europe has risen to 700,000 b/d.
2016/11/02 , 09:57

Hungary's MOL, Iran seek long-term oil contracts  
A Fresh round of oil negotiations was conducted between Iran’s NIOC and Hungary’s MOL Group over inking long-term crude sale contracts.
2016/10/30 , 10:22

Netherlands to build floating oil terminal in Iran  
IOCT managing director has reported on negotiations with a Dutch firm to renovate and develop Iranian oil terminals in the Persian Gulf.
2016/10/27 , 13:22

IOTCO Ready for Cooperation with Dutch Companies  
Managing director of Iran Oil Terminals Company (IOTCO) Pirouz Mousavi says IOTCO is ready for cooperation with Dutch companies.
2016/10/25 , 15:22

9mb/d Crude Oil Loading Capacity  
Iran Oil Terminals Company (IOTC) acts on behalf of National Iranian Oil Company (NIOC) for Iran’s oil exports. IOTC also completes Iran’s oil production-export chain
2016/10/23 , 09:53

NIOC not in talks with Swiss companies for crude advance sale  
Director of the International Affairs Department at National Iranian Oil Company (NIOC) Mohsen Qamsari says the NIOC has not had any talks with Swiss companies for advance sale of crude.
2016/10/22 , 14:33

Iran minimizes oil on water storage  
An oil official reported on a significant reduction in Iran’s storage of light oil on water as majority of stored cargos have been deployed to global markets.
2016/10/20 , 23:32

Asia receives over 60% of Iran’s crude exports  
An NIOC official has announced that approximately 62 per cent of Iran’s crude oil exports are delivered to Asian states.
2016/10/19 , 23:32

Iran’s oil output to hit 4.5mn bpd  
Iranian oil minister has announced that the country’s crude production will rise to 4.5 million barrels per day (bpd) in the current Iranian calendar year
2016/10/18 , 23:32

Iran, Denmark launch oil talks over South Pars  
– NIOC deputy head has reported on negotiations with Denmark’s Maersk Group over development of the second phase of South Pars oil layer.
2016/10/17 , 23:32

Hungary’s MOL buys KHARG Terminal crude  
MOL Group, Hungary’s largest oil company, has purchased a crude oil cargo from Iran for the first time in the post sanction era
2016/10/16 , 23:32

Britain begins oil purchase from KHARG  
An official at NIOC said Iran has begun crude sales to British companies as the first one-million-barrel shipment was delivered to British Petroleum.
2016/10/15 , 23:32

Greece to pay oil debts on installments  
Deputy oil minister has announced that the Greeks will clear all oil debts to Iran within an installment-payment plan in a period of two years.
2016/10/14 , 23:32

Hungary joins customers of Iranian crude  
An NIOC official has announced that one million barrels of crude oil will be shipped to Hungary.
2016/10/13 , 23:32

Iran's non-oil exports to Spain and Germany up  
The Islamic Republic of Iran Customs Administration announced that Iran's non-oil exports to Spain and Germany rose in the first half of the current Iranian calendar year
2016/10/12 , 14:33

Supertanker taking Iran’s oil to Baltic Sea  
Iran has reportedly sent a major cargo of its crude oil to a key Polish port in the Baltic Sea in what appears to be the first Iranian crude sold into this part of the market since January's lifting of sanctions.
2016/10/08 , 17:55

Europe refiners step up Iran oil imports  
Two more European refiners have booked oil cargoes from Iran since sanctions were lifted on Tehran which is ramping up production to regain market share.
2016/10/08 , 10:55

Shell imported 130,000 tons of Iranian crude from Kharg Island  
An official at NIOC said Iran has begun crude sales to British companies as the first one-million-barrel shipment was delivered to British Petroleum.
2016/10/07 , 08:29

Iran inks first IPC in post-JCPOA  
An HOA (heads of agreement) was signed between NIOC and POGIDC within the framework of Iran’s new model for oil contracts called Iran Petroleum Contracts (IPC).
2016/10/06 , 08:29

Oil industry requires $100bn investment  
Oil minister has said contractor companies would only receive agreed amounts if they increase the recovery rate in Iranian oil fields.
2016/10/05 , 08:28

Oil export reported record high on Tuesday  
Managing Director of Iran Oil Terminals Company (IOTC) Pirouz Mousavi said on Tuesday that Iran broke the record of crude export as 10 tankers concurrently loaded about 9,200,000 bpd crude oil in Kharg Island on Tuesday.
2016/10/01 , 14:33

Iran, biggest crude exporter to France  
Iran has become the first crude exporter to France in September, for the first time since the country began to export oil there after the sanctions have been removed on the country.
2016/10/01 , 09:55

Iran to conduct new oil talks with Total, Shell  
Iran is likely to launch a fresh round of negotiations with France’s Total and Britain’s Shell on the sidelines of OPEC summit underway in Algeria.
2016/09/28 , 10:03

Oil market in poor conditions  
Oil Minister Zanganeh said the current oil market in not favorable for consumers and producers.
2016/09/28 , 10:03

Iran, S Arabia likely to agree on oil freeze deal  
Iran’s ex-governor at OPEC said certain signs indicate the likelihood of a consensus between Iran and Saudi Arabia over an oil freeze deal.
2016/09/28 , 10:03

Winners and losers of cheap oil ahead of OPEC summit  
The upcoming meeting of OPEC ministers in Algeria in late September has given rise to a great deal of speculation on possible beneficiaries and losers of a freeze deal.
2016/09/27 , 10:11

IOTCO Most Loyal to Resistive Economy  
Managing Director of Iranian Oil Terminals Company (IOTCO), Pirouz Moussavi, says his company has managed to raise its engineering, technical and operational capacity in all sectors by implementing the policies of the Resistive Economy.
2016/09/26 , 10:05

Iran Eyes 10mb Oil Storage Capacity in 20 Days  
Iran will add 10 million barrels to its crude oil storage capacity in its largest oil export terminal, Kharg island, by the next 20 days, an official said.
2016/09/25 , 10:04

Danan, Cheshmeh Khosh Fields Waiting for Foreign Investment  
Among scores of oil and gas fields introduced at an international conference in Tehran for development under the new model of oil contractual framework, there are fields which may need less investment and work than offshore and complicated fields. One of such fields is Danan oil field in Ilam Province along Iran’s border with Iraq.
2016/09/24 , 10:04

Iran's oil export to Asia rises up more than 90 percent  
Iran's oil export to Asian countries in October rose up 92 percent in comparison with the preceding period last year.
2016/09/22 , 14:33

Iran, China sign new oil contract  
Deputy oil minister, while pointing to CNPCI’s return to Masjed Soleiman, said the Chinese side will make necessary modifications to developmental project of the field.
2016/09/12 , 10:19

NICO, Total to sign oil swap contract  
Iran’s Naftiran Intertrade Company Sàrl (NICO) and France’s Total S.A. Company have agreed on sealing an oil swap deal.
2016/09/12 , 10:19

Iran, Russia to boost Ruble-Rial swap  
Vice chairman of Iran-Russian Chamber of Commerce has called for currency swap to further develop volume of the two countries' trade exchanges.
2016/09/11 , 10:18

OPEC SG to head Tehran for ‘oil freeze’  
An oil ministry official has said OPEC secretary-general will be in Tehran on upcoming Monday to discuss a possible freeze plan with Iran’s Namdar Zanganeh.
2016/09/11 , 10:18

Scores of world refineries consume Iranian crude  
An NIOC official has announced that presently two score of world refinery complexes purchase and consume Iranian crude oil.
2016/09/09 , 10:17

OPEC SG, Iran Oil Min. open talks on crude price  
Iran's Oil Minister Bijan Zanganeh received OPEC Secretary-General Mohammed Barkindo in Tehran to discuss the market and prices.
2016/09/08 , 10:19

Scores of world refineries consume Iranian crude  
An NIOC official has announced that presently two score of world refinery complexes purchase and consume Iranian crude oil.
2016/09/05 , 10:44

Iran’s strategic oil reserves soar  
IOTC managing director said the country’s crude storage capacity in the Persian Gulf has increased by 10 million barrels.
2016/09/03 , 10:09

Iran Eyes 10mb Oil Storage Capacity in 20 Days  
Iran will add 10 million barrels to its crude oil storage capacity in its largest oil export terminal, Kharg island, by the next 20 days, an official said.1
2016/09/03 , 09:30

Iran's crude oil storage capacity to hit 10 million barrels  
Managing Director of Iranian Oil Terminals Company (IOTC) Pirouz Mousavi said in this southern province on Saturday that the country crude oil storage capacity would be increased to 10 million barrels in near future.
2016/08/31 , 14:33

Iran, Iraq consider oil swap  
Deputy-minister of oil has said NIOC’s debts have soared to $70bn, amid speculations of oil swap with Iraq.
2016/08/31 , 11:17

Fresh Record in Crude Exports from Kharg Island  
Managing Director of National Iranian Oil Terminals Company IOTC) Pirouz Moussavi says new record has been observed in export of crude oil from Kharg Island oil terminal.
2016/08/30 , 11:43

Vitol to buy Iran, Russia swap oil  
An oil official has announced that Vitol S.A. of Switzerland is likely to purchase Russian crude to be swapped through Iran’s largest oil terminal in the Caspian Sea.
2016/08/30 , 08:59

Official: Crude oil inventories to rise up  
Iranian crude oil inventories will rise up by 10 million barrels by the end of the current Iranian year upon completion of construction of reservior in Genaveh, Bushehr province.
2016/08/24 , 13:42

Foreign companies welcomed investment in IOTC  
Managing Director of National Iranian Oil Terminals Company (IOTC) Seyed Pirouz Moussavi said on Thursday that foreign companies have welcomed investment in the IOTC.
2016/08/24 , 13:35

Ten states now buying Iranian crude  
The number of countries purchasing Iranian oil has climbed from five in sanction years to 10 in the post-JCPOA era.
2016/08/24 , 13:32

Iran to resume Caspian swap scheme soon  
Iran says it will soon resume a unique scheme to swap the crude oil of several Caspian states with its own in Persian Gulf ports – a scheme that had been halted since 2010.
2016/08/23 , 13:39

Foreign firms after investment in Iranian oil terminals  
Head of Iran Oil Terminals Company (IOTC) has announced that foreign companies are eager to make investments in IOTC.
2016/08/23 , 13:30

2-fold increase in oil exports is result of JCPOA  
Managing Director of National Iranian Oil Terminals Company (IOTC) Seyed Pirouz Moussavi said on Sunday that two-fold increase in Iran’s oil exports is among effects of the Joint Comprehensive Plan of Action (JCPOA).
2016/08/22 , 13:37

Iran ready to swap oil with Russia  
Oil Minister Bijan Zanganeh has reported on negotiations between Iran and Russia for oil swap.
2016/08/21 , 12:27

S Korea's imports of Iranian crude more than double in Q2  
South Korea's imports of Iranian crude oil more than doubled in the second quarter of the year from a year earlier following the lifting of sanctions against the Middle East country.
2016/08/19 , 12:25

Iran Ready for Oil Swap with Northern Neighbors: Official  
An official with the Iranian Oil Terminals Company (IOTC) says Iran can swap up to 120,000 b/d of crude oil with its northern neighbors at North Oil Terminal.
2016/08/17 , 13:27

Euro Given Priority Over Dollar in NIOC's Intl. Trade  
Director of the International Affairs Department at National Iranian Oil Company (NIOC) Mohsen Qamsari said on Wednesday that due to problems Iran has with the US, dollar is replaced in certain dealings with preferably euro and then other currencies like Japanese yen and the UAE's dirham.
2016/08/17 , 10:25

Iran to Diversify Crude Export Cargoes  
The head of the research and development department of the Iranian Oil Tankers Company (IOTCO) said the company is developing an oil-blending system which will allow the country to offer a variety of crude oil to its customers.
2016/08/16 , 10:29

Up to 320,000 Ton Oil Carrier Tankers Berth in Asalouyeh Exports Terminal  
Managing Director of National Iranian Oil Terminals Company (NIOTC) Pirouz Moussavi says oil tankers with 320,000 tons capacity berth at Asalouyeh Gas Condensates Exports Terminal.
2016/08/13 , 10:38

Foreign-Flagged Tankers Docking at Kharg Port  
Director General of Bushehr Province's Ports and Maritime Administration Mohammad Mahdi Bonchari says foreign-flagged oil tankers and VLCCs are now docking at the Kharg Island's port.
2016/08/12 , 11:36

Iran’s oil exports to Asia hits 1.7mn bpd  
Imports of Iranian crude by China, India, Japan and South Korea experienced a 47% rise in June as compared with the same period last year reaching a total of 1.72 million bpd
2016/08/10 , 16:19

Iran, Indonesia clinch lucrative oil deal  
An oil official, while describing the largest oil deal between Iran and Indonesia, said an 8.4-billion-dollar refinery will be constructed in Java.
2016/08/09 , 16:18

Iranian govt. approves new model for oil contracts  
Iran’s First VP Jahangiri said new oil contracts went through 150 amendments and were notified to the Ministry of Oil.
2016/08/08 , 11:15

Iran’s non-oil exports to Iraq up by 23%  
Iranian ambassador to Baghdad said Iran’s non-oil exports to the neighboring country have risen by 23 percent in the first four months of the current Iranian year
2016/08/07 , 09:13

President: More Access to Petrodollars is Result of JCPOA  
President Hassan Rouhani on Tuesday said more access to the money gained out of crude sales is among outcomes of the Joint Comprehensive Plan of Action (JCPOA)
2016/08/03 , 13:17

Exports from Kharg Island up by 60%  
An official said oil exports volume of Kharg Island has risen by 60 percent in the first four months of the current Iranian year
2016/07/31 , 11:25

Japan to invest $10bn in Iran  
Deputy oil minister said Japan’s plan to invest 10 billion dollars in various economic sectors of Iran will be implemented soon.
2016/07/29 , 10:02

Iran’s crude sales to Total reach record high  
France’s Total SA company has announced that volume of its crude oil purchase from Iran has hit a record high of 200 thousand barrels per day.
2016/07/27 , 10:03

Iran’s gas condensate exports set record high  
A gas official, while pointing to the 50-percent surge in Iran’s condensate exports, said giant oil tankers can now moor at Assaluyeh terminal.
2016/07/26 , 08:33

Iran to seal oil sale deal with Sri Lanka  
Iranian and Sri Lankan oil ministers have begun a fresh round of oil talks over signing the first oil sale contract in the post-sanction era.
2016/07/22 , 09:59

Iran, Safest Persian Gulf State for Energy Investments: Official  
Managing director of Iran Oil Terminals Company (IOTCO) Pirouz Mousavi says the country is the Persian Gulf Region's safest state for oil and gas investments.
2016/07/20 , 15:27

NIOC, CNPC launch new oil talks  
An oil official has announced the beginning of new oil negotiations between Iran and China for the second phase of North Azadegan oilfield development plan.
2016/07/19 , 10:00

Loading Arms Manufacturing Indigenized  
Head of the R&D Department at National Iranian Oil Terminals Company Mehdi Hassani said on Saturday that his office had designed and manufactured loading arms for the first ever and it will be installed in Kharg terminal in the next month.
2016/07/16 , 08:29

KHARG Terminal Sold Poland 2mn Barrels of Oil  
IOTCO : Iran has sold a major cargo of crude oil to Poland, a move which could intense rivalry with Saudi Arabia and Russia in supplying the markets of northern Europe.
2016/07/08 , 14:02

Iran's Goal is to Gain Lofty Standing in PG Oil Terminals  
IOTCO : Managing Director of Iran Oil Terminals Company (IOTCO ) Pirouz Mousavi said Iran takes access to a lofty status in the oil terminals in the Persian Gulf as a strategic goal.
2016/07/07 , 09:33

Indias Essar Reimburses $500mn of Iran Oil Debts  
IOTCO : India’s Essar Oil has reportedly cleared $500 million of a debt it owed to Iran for previous purchases of crude oil.
2016/07/06 , 13:59

Iran Boosts Crude Export to Spain by 1mn bpd  
IOTCO : Iran and the Spanish energy company, Repsol S.A., have signed an agreement that doubles Iranian oil exports to the European country.
2016/07/05 , 14:00

Supertanker taking Iran’s oil to Baltic Sea  
IOTCO : Traders say they have seen more signs that Iran is clawing back the share of the global oil market it lost as a result of multiple years of sanctions.
2016/07/02 , 14:11

Iran signs contracts with major European companies for crude sale  
IOTCO : Iran has signed contracts with major European companies for the sale of crude oil, five months after the implementation of the last year’s nuclear agreement between Tehran and six global powers, a senior Iranian official says.
2016/06/29 , 14:06

NIOC, Repsol seal oil sale deal  
Iran’s oil exports to Spain have climbed by three million barrels per month upon signing short-term contracts with Cepsa, Respol as well as BP oil industry companies
2016/06/26 , 08:13

Japan buys 200K bpd of Iranian crude  
An NIOC official said Japan has imported more than 200 thousand barrels of Iranian crude oil.
2016/06/22 , 08:23

Kharg Terminal Steps up Loading Capacity  
Managing director of Iranian Oil Terminals Company (IOTC) says Kharg Oil Terminal has increased its export capacity and can now load 8 oil tankers at the same time.
2016/06/20 , 10:12

Iran oil exports hit record high  
An official said 9 oil tankers have docked at Iran's largest oil terminal on Sat., thus breaking the record of Iran's oil exports and tanker traffic this year.
2016/06/19 , 16:19

first export cargo of Fuel Oil from the gas condensate terminal  
or the first time, the first export cargo of Fuel Oil from the gas condensate terminal of this Company was loaded in Assaluyeh.
2016/06/19 , 08:15

The first gas was loaded condensate phase 19  
IOTCO: for the first time, we have seen the exportation of gas condensate cargo from phase 19 of south Pars which has been exported to South Korea.
2016/06/19 , 08:11

Iranian Oil Terminals study are Submarine pipelines  
checking the submarine pipelines of Iranian Oil Terminal Company will be done both internal and external.
2016/06/17 , 12:54

Iran to tighten competition by producing 'custom' crude oil  
Iran is pursuing a new policy in the oil market by entering a fresh round of competition with countries that have less heavy crude oil production such as Saudi Arabia, Kuwait, UAE and Russia.
2016/06/15 , 19:47

Kharg Island is the largest storage and export of petroleum of the country  
Seyyed Pirouz Mousavi pointing out the features of Kharg Island for exporting Oil , he said : Kharg Island is the largest storage and export of petroleum of the country .
2016/06/15 , 11:57

NIOCs New CEO Assigned  
IOTCO :Irans oil minister has assigned Ali Kardor, as the Chief Executive Officer of National Iranian Oil Company.
2016/06/12 , 15:02

Shell resumes Iranian oil (KHARG Oil Terminal) purchases  
Royal Dutch Shell has resumed purchases of Iranian crude, becoming the second major oil firm after Total to restart trade with Tehran after the lifting of sanctions, trading sources said and ship tracking data showed.
2016/06/09 , 12:02

Iran to produce customized crude in two years  
IOTCO managing director has said Iran is planning to produce customized oil in collaboration with a European company.
2016/06/08 , 10:31

Iran to Revive Oil Swap  
National Iranian Oil Company (NIOC) has tasked one of its subsidiaries, Naftiran Intertrade Company (NICO), with resuming oil swap operations.
2016/06/01 , 14:16

Dutch company to join Iran in oil terminal renovation  
Head of Iran Oil Terminals Company (IOTC) has said the company will cooperate with a Dutch oil company to renew oil terminals and facilities.
2016/05/30 , 21:14

Azerbaijan to partake in Iranian oil projects  
Azerbaijani oil companies will take part in Iranian oil projects for construction and repair of floating balls in Kharg and Assaluyeh terminals.
2016/05/22 , 21:43

Iran, Oman mull construction of oil terminal at Jask port  
Head of the Department for International Affairs of National Iranian Oil, Refining and Distribution Company and Oman's minister of Oil and Gas on Friday reviewed executive works to build oil terminal at Jask port, southern Iran.
2016/05/15 , 22:08

Number of Foreign Oil Tankers Docking at Kharg Raise in Post-JCPOA  
IOTCO :A senior Iranian official said the number of foreign oil tankers docking at Iran’s southern Kharg oil terminal has increased after the implementation of Joint Comprehensive Plan Of Action reached between Iran and G5+1.
2016/05/14 , 19:49

Oil tankers docking at Iran’s Kharg terminal double  
IOTCO : A senior Iranian official says the number of foreign oil tankers docking at Iran’s southern Kharg oil terminal has doubled after the implementation of last year’s nuclear agreement between Iran and six global powers.
2016/05/11 , 13:22

Iran Announces Major Jump in Oil Exports  
IOTCO : Asian imports of Iranian oil in March jumped 50 percent from a year earlier as shipments into India and South Korea have climbed since international sanctions were lifted on Iran's peaceful nuclear program, reports said.
2016/05/11 , 08:29

Iran crude oil exports capacity reaches 6m bpd  
IOTCO: Following renovation and reconstruction of oil jetties, and loading and offloading facilities, the country’s oil throughput capacity has increased to around 6m bpd,
2016/05/09 , 17:07

Iran Ready to Berth VLCCs  
IOTCO : Iran says it can moor the world's biggest crude oil carrier at Kharg Island's international oil terminal.
2016/05/08 , 19:18

Iran Keen to Revive Oil Swap Deals: IOTC Chief  
IOTCO:ran is keen to revive oil swap deals with littoral states of the Caspian Sea including Kazakhstan, Russia and Turkmenistan, Managing Director of the Iranian Oil Terminals Company (IOTC) Pirouz Mousavi said on Wednesday. Speaking to Shana, Mousavi expressed hope that swap of oil and liquid gas belonging to some littoral states of the Caspian Sea resume in the near future.
2016/05/07 , 22:55

Kharg Oil Terminal Raises Oil Export Capacity  
IOTCO:pgrading facilities at Kharg Oil Terminal including Pier T has raised the terminal's export capacity by 70 thousand barrels per day, managing director of Iran’s Oil Terminal Company (IOTC) Seyyed Pirouz Mousavi said.
2016/05/07 , 22:41

No. of Asian, European oil Tankers Up 50% in Post-JCPOA Era  
IOTCO : Head of the Archives and Information Office of Kharg Oil Export Terminal Ebrahim Hosseini says the Asian and European tankers trafficking in Iranian territorial waters has risen by 50 percent.
2016/05/07 , 17:22

IOTC Raises Oil Exports Capacity  
IOTCO : -Managing director of Iran Oil Terminals Company (IOTC) Seyyed Pirouz Mosavi said modernization of jetties and overhaul of loading installations at Kharg oil Terminal have contributed to boosting oil export capacity.
2016/05/06 , 22:45

IOTC Cleans Contaminated Area  
IOTCO: Iran’s Oil Terminals Company (IOTC) has managed to clean 50 tons of soil contaminated with oil products by using a biological method for the first time in the country.
2016/05/06 , 22:11

21st intl. Oil exhibition kicks off in Tehran  
IOTCO : More than 1900 companies from 38 countries showcase the latest of their achievements at the 21st edition of International Oil, Gas, Refining, and Petrochemical Exhibition in Tehran.
2016/05/05 , 17:53

Kharg Oil Terminal to Be Modernized  
IOTCO :harg Oil Terminal installations will be reconstructed, head of the terminal Abbas Assadrouz said. Speaking to Shana, he said docks and platforms are the main infrastructures and facilities of Kharg Oil Terminal for oil export.
2016/05/03 , 22:37

Iran Oil Show to Host 1,900 Exhibiting Companies  
IOTCO : Head of the policy-making council of Iran's oil industry exhibitions said 1,900 Iranian and foreign companies will run stands at the upcoming Iran Oil Show, up 60% from the fair's previous edition.
2016/05/01 , 08:31

Iran’s oil export to raise  
IOTCO : The MD of Iran’s Oil Terminals Company boasted the readiness of Iranian Terminals for post sanction surge in operation.
2016/04/30 , 13:14

IOTC Ready to Increase Service to Oil Tankers  
IOTCO : Technical director of the Iranian Oil Terminals Company (IOTC) said that the firm has expedited renovation of its single point moorings (SPM) and anchorages so that crude oil exports can increase.
2016/04/30 , 09:27

Iran beats oil sale record  
IOTC managing director has announced that Iran has exported more than 7.1 million crude barrels in 48 hours setting a new record.
2016/04/29 , 22:27

Persian Gulf largest oil terminal gets ready for post-sanctions era  
IOTCO:In time with the completion of the overhaul of underground pipelines at Kharg Oil Terminal, the largest terminal in the Persian Gulf has become ready for increased oil production and export by the removal of sanctions.
2016/04/29 , 19:19

Iran prepared for oil swap in Caspian Sea  
IOTCO :An official of Iranian Oil Terminals Company (IOTC) has said operation of new oil storage facilities will improve Iran’s oil swap capacity
2016/04/29 , 15:12

Kharg terminal ready to host world's largest tankers  
IOTCO :An IOTC official has said the largest tankers with a capacity of 360 thousand barrels can now berth at Kharg oil terminal
2016/04/28 , 22:07

Iran to minimize oil on water storage  
IOTCO :An IOTC official has said with the implementation of a new descaling scheme on Iranian oil export storage tanks, the volume of country's oil on water will reduce to a minimum.
2016/04/28 , 22:02

Iran ready to raise oil export to 6mn barrels a day  
IOTCO : Managing director of the Iranian Oil Terminals Company (IOTC) has announced a daily throughput of 6 million barrels for Iran’s oil export.
2016/04/27 , 21:56

Iran to resume oil swap soon  
Managing director of the Iranian Oil Terminals Company (IOTC) has referred to oil talks with some foreign companies and announced that Iran will soon resume Caspian oil swap.
2016/04/27 , 21:50

Rotork delivers smart maintenance at VTTV oil terminal  
IOTCO :the worldwide independent provider of energy storage, has awarded a client support programme (CSP) contract to Rotork for the maintenance of critical valve actuation assets at the VTTV oil storage terminal in Cyprus.
2016/04/27 , 00:33

KPA hoists sail for new Mombasa oil terminal  
IOTCO :Kenya Ports Authority (KPA) is set to start construction work for a new oil terminal in Mombasa. The State agency has already published a notice inviting bidders to apply for the project before April 29. KPA head of procurement and supplies Yobesh Oyaro said the project will involve the decommissioning of the existing Kipevu Oil Terminal and construction of an offshore jetty near Dongo Kundu.
2016/04/27 , 00:26

New crude-oil terminal opens in Gdańsk  
IOTCO :A new crude oil terminal, launched in Gdańsk, northern Poland, aims to improve Poland’s energy security, the company behind it has said.
2016/04/27 , 00:22

Kenya: Construction of New Oil Terminal Begins in October in Mombasa  
IOTCO :Kenya will start building a new offshore crude oil and refined fuel jetty in October.
2016/04/27 , 00:18

Port Of Vancouver Prepares For Hearing On Oil Terminal  
IOTCO :Port of Vancouver commissioners are looking for input at a hearing Tuesday about how to move forward with the nation’s largest oil-by-rail terminal.
2016/04/27 , 00:13

Saudi-led coalition claims recapture of key Yemen oil terminal from Al-Qaeda  
IOTCO : Yemeni forces backed by Arab coalition air strikes have reportedly led to their recapturing of the country’s largest oil port, Mina Al-Dhaba, from Al-Qaeda militants.
2016/04/27 , 00:08

UKEF Ready to Offer Insurance Coverage to Iran  
IOTCO : UK’s trade envoy to Iran, Lord Lamont, has voiced the United Kingdom Export Finance (UKEF)'s readiness to cooperate with Iran and offer insurance coverage to the OPEC member Asian country.
2016/04/26 , 11:10

Iran Mulls $200b Investment in Oil Sector  
IOTCO : First Vice-President Eshaq Jahangiri said the Rouhani Administration is planning to invest 200 billion dollars in oil sector in a push to develop the industry by employing new technologies.
2016/04/25 , 11:54

Tehran, Pretoria Ink GTL, Oil Blending Deal  
IOTCO : ran and South Africa signed an agreement for production of gas to liquids (GTL) and crude oil blending on Sunday in a push to transfer clean fuel technology to a ban-free Islamic Republic of Iran.
2016/04/25 , 11:29

Iran, Sweden Eager to Expand Energy Cooperation  
IOTCO : Iranian Minister of Petroleum Bijan Zangeneh said that Iran and Sweden are eager to expand cooperation in various energy fields.
2016/04/24 , 10:58

Iranian Crude Output to Reach Pre-sanctions Level by July  
IOTCO: Chief Executive Officer of National Iranian Oil Company (NIOC) says the country’s crude oil production will reach pre-sanctions levels of 2011 within a couple of months.
2016/04/23 , 20:26

Iran, South Africa to Sign Energy MoU  
IOTCO : Iran’s petroleum minister said he expects the country to sign an energy MoU with South Africa.
2016/04/23 , 20:18

Tehran, Stockholm to Discus Energy Co-op  
IOTCO :Swedish Energy minister Ibrahim Baylan is set to meet with his Iranian counterpart here in Tehran on Thursday to discuss energy ties with the OPEC member.
2016/04/23 , 11:30

Zangeneh: Iran Seeks Market Stability  
IOTCO : Iranian Minister of Petroleum Bijan Zangeneh says Tehran supports moves like the Doha conference which are aimed at tackling the consistent market volatility, saying that OPEC member “Iran has never had a role in the market instability”.
2016/04/22 , 16:56

Saudi Arabia Calls Iran Consensus on Oil Freeze  
IOTCO: A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.
2016/04/18 , 14:14

Iran to raise oil output level to 4mn barrels per day  
IOTCO: Iran’s Petroleum Minister Bijan Namdar Zangeneh has announced Tehran’s plan to increase the level of Iranian oil production to four million barrels per day (bpd).
2016/04/17 , 16:13

Iran’s oil production up 100k bpd  
IOTCO : The latest market figures show Iran’s oil production rose by 100,000 barrels per day (bpd) in March – a yet another sign of the country’s positive performance after the removal of multiple-year sanctions.
2016/04/17 , 16:05

Iran: Oil exports hit 1.8 million bpd  
IOTCO: Iran’s oil exports have risen to 1.8 million barrels per day (bpd) for the first time since 2012, Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi says.
2016/04/17 , 15:45

Iran makes major rise in its oil output  
IOTCO : Iran said on Sunday that it has increased its oil production capacity by 400,000 barrels per day (bpd) thus almost materializing an earlier pledge to raise output by 500,000 bpd after the removal of the sanctions.
2016/04/17 , 15:41

OMV Set to Resume Iran Oilfield Work  
IOTCO: Austrian energy company OMV has announced its readiness to resume developing the Cheshmeh Khosh oilfield in western Iran.
2016/04/17 , 11:54

India, Iran Move to Expand Energy Ties  
IOTCO:Indian Oil Minister, Dharmendra Pradhan will visit Iran in the coming days for important talks, including on purchase of more oil, development of a giant gas field and investment in petrochemical projects.
2016/04/13 , 09:49

Gas condensate export surges  
Deputy oil minister announced a 50 per cent increase in the export of gas condensate since the beginning of the current Iranian year.
2015/11/17 , 19:50

Persian Gulf largest oil terminal gets ready for post-sanctions era  
IOTCO : In time with the completion of the overhaul of underground pipelines at Kharg Oil Terminal, the largest terminal in the Persian Gulf has become ready for increased oil production and export by the removal of sanctions.
2015/09/17 , 20:00

Exports of gas condensate accelerate  
Iran’s export of gas condensates has increased and oil tankers are being loaded with peace of mind.
2015/09/17 , 19:52

Iran, Russia to discuss oil swap resumption  
IOTCO :Iranian deputy oil minister has announced the upcoming arrival of a large Russian company in Iran to discuss swap of crude oil, oil products and natural gas in the Caspian region.
2015/06/16 , 19:56

South Pars gas condensates exports up 80 per cent  
Head of the Iranian Oil Terminals Company (IOTC) has said exports of gas condensates from South Pars different phases have risen 80 per cent.
2015/06/16 , 19:55

Kharg to Start Building Storage Facilities  
IOTCO : The necessary equipment for the construction of storage facilities in Kharg oil terminal have been brought to the island. The equipment, which includes valves, is to be used in building facilities to store four million barrels of oil.
2015/06/05 , 10:57

4 Storage Tanks in Kharg Terminal  
IOTCO :Four storage tanks in Kharg oil terminal are to be completed in August. Each tank has a capacity of storing one million barrels of oil.
2015/05/22 , 10:55

Kharg Terminal to Get New Storage Tanks  
IOTCO : Four crude storage tanks are to become operational soon in the Kharg oil terminal, managing-director of Iran Oil Terminals Company (IOTC) said.
2015/05/19 , 10:44

Iran Ready for Oil Swap  
IOTCO : senior Iranian official has voiced the readiness of the country for swapping 500,000 b/d of crude oil in the Caspian Sea
2015/05/18 , 10:42

Assaluyeh Condensate Exports to Rise  
IOTCO : Assaluyeh Terminal’s gas condensate exports capacity will reach 1.6 mb/d after Phase 12 of the gigantic South Pars gas field comes on stream, a senior official said.
2015/04/21 , 10:05

IOTC Reviving Crude Oil Swap  
IOTCO : Managing director of Iran’s Oil Terminals Company (IOTC), Seyyed Pirouz Mosavi, says speeding up development of infrastructures is necessary for launching crude oil swap in the North Oil Terminal located in the Caspian Sea shore.
2015/04/09 , 10:00

IOTC, RIPI Strike Research Deal  
IOTCO : Iran Oil Terminals Company (IOTC) and Research Institute of Petroleum Industry (RIPI) have signed an agreement for a research project on developing a crude oil blending system.
2015/04/04 , 09:58

IOTC Insures Oil Export Pipelines  
IOTCO : Offshore and onshore oil export pipelines were put under domestic insurance coverage to avoid any risk.
2015/02/04 , 09:55

Iran to Resume Oil Swap at Its Northern Terminal  
IOTCO : A senior Iranian energy official says the country is planning to resume crude oil swap operations at a northern terminal in the near future.
2015/01/21 , 09:52

Oil Exports Going On As Usual  
IOTCO : Managing director of Iran Oil Terminals Company (IOTC) has said that oil exports from Kharg oil terminal is going on as usual and bad weather has not impeded loading operations from the island.
2015/01/10 , 09:50

IOTC Upgrading Sludge Prevention Systems  
IOTCO : Head of Research and development department at Iran’s Oil Terminal Company (IOTC), Mehdi Hosaini, says the company plans to upgrade efficiency of submerged rotary jet systems in Kharg Island oil tanks through conducting a simulation program.
2014/12/23 , 09:44

IOTC Building Second Largest Oil Terminal In Jusk  
IOTCO: Managing director of Iran Oil Terminal Company (IOTC) has said that construction of Jusk Oil Terminal with storage capacity of 20 million barrels of oil requires 2.4 billion dollars in investment.
2014/12/01 , 09:40

Domestically Made Devices Control Oil Exports  
IOTCO:Researchers of Sharif University of Technology have managed to design and manufacture electronic devices for measurement of crude oil at oil terminals.
2014/11/26 , 09:39

Iran Plans Huge Oil Storage Facilities  
IOTCO :The managing-director of Iran’s Oil Terminals Company (IOTC) said on Thursday that 10-million-barrel underground crude oil storage facilities are to be constructed in the country.
2014/11/19 , 09:35

IOTC Constructing Oil Storage Facilities  
IOTCO : Iranian Oil Terminals Company (IOTC) plans to build new underground oil storage facilities in south of the country, IOTC’s managing director, Pirouz Mousavi, said.
2014/11/19 , 09:33

Oil Storage Capacity to Rise by 30 Million Barrels  
IOTCO :Oil storage capacity will rise to 100 million barrels up to the end of fifth five year development plan in 2015, managing director of the Iranian Oil Terminals Company (IOTC), Seyyed Pirouz Mousavi, said.
2014/08/19 , 09:30

Oil Swap Capacity to Be Raised by 1.5 mb/d  
Managing director of Iranian Oil Terminals Company (IOTC), Seyyed Pirouz Mousavi, says new oil storage facilities will be built in Neka port, north of Iran, in a bid to increase oil swaps to 1.5 million barrels per day.
2014/07/19 , 09:27

Oil Terminals Storage Capacity to Rise  
IOTCO : Managing director of Iran Oil Terminals Company (IOTC) Pirouz Mousavi said on Wednesday the terminals’ storage capacity would soar to 100 million barrels by 2015 from a current 24 million barrels.
2014/06/18 , 09:26

Iran's gas condensate export increased by 30%  
Managing director of Iran Oil Terminals Company (IOTC) Seyyed Pirouz Mousavi pointed to 30 percent rise in Iran's export of gas condensate indicating 6 million barrels per day.
2014/06/16 , 20:01

Feasibility Study of Building Underground Oil Reserves Tanks  
A feasibility study project is being designed to build and maintain Iran"s stockpile of crude oil of the country and the first phase of the project will start by next month, an official of Iranian Oil Terminals Company said.
2014/05/18 , 09:23

Iran to construct largest oil terminal in Oman Gulf  
Director of Iranian Oil Terminal Company has said the country has been constructing oil terminal in Jask with capacity of 2.5 billion barrels per day.
2014/05/16 , 20:06

Iran hits new record in oil exports  
Despite the continuation of anti-Iranian sanctions, the country has made a new record by exporting 7mn barrels of oil per day indicating a 500,000 increase in the last month.
2014/05/16 , 20:03

IOTC in Charge of Taheri Port Oil Terminal  
IOTCO : The oil terminal of Taheri port in Boushehr Province was submitted to Iran"s Oil Terminals Company, PIN quoted OTC PR as saying
2014/04/21 , 09:22

2017 Iranian Oil Terminals Co All rights reserved.