Iran’s hydrocarbon could be on the verge of coming in from the economic wilderness writes Patricia L. Schouker, London-based foreign policy and energy analyst
A sharp drop in demand from its Asian customers will see Iranian exports drop by 14 per cent in October
As Iran's oil and gas sector begins to emerge from under the weight of international economic sanctions, downstream investment will be key to realigning the country's export portfolio towards value added petroleum products.
The increased production will come from Iran's North Azadegan and Yadaravan fields, which will be inaugurated on the 26th February 2016.
The development of the South Pars field will play a key role in the ramping up of Iran's natural gas production levels, as the Islamic Republic emerges from international sanctions.
As a key step towards achieving sustainable production, Iran needs to embrace best practices to ensure that efficiencies are enhanced and losses are minimised. At the core of best practice is independence of thought and not simply relying on partnerships ......
MD of National Iranian Gas Exports Company says feasibility studies have been finalised on gas pipeline and legal procedures are underway.
Iran's exports of crude oil to China, India, Japan and South Korea fell by 16.2 per cent in November, compared to the same period in 2014.
International sanctions on Iran have been lifted after the nuclear watchdog, the IAEA, confirmed that it had complied with a deal designed to prevent it developing nuclear weapons and brings about an end to an embargo on imports of Iranian oil.
International sanctions had capped Iran’s oil exports to just 1 million barrels per day. However, since the lifting of sanctions earlier this year, Iran’s crude exports have risen sharply. Iran is now believed to be exporting around 2 million barrels of o......
Iran finds itself in a difficult position, as it looks to ramp up production levels after the removal of international sanctions this year. With the market already heavily oversupplied, OPEC is struggling to accommodate an increase in the number of Irania......
Oil ministers from both countries hold talks during third global gas exporters conference in Tehran.
Iran has signed crude oil sale agreements some companies from Italy (Saras and Iplom), Spain (Repsol) and Greece (Hellenic Petroleum), and negotiations with other major oil companies are underway for crude oil sale.
Under the terms of any prospective deal, Russia would send oil and gas to areas of Northern Iran. In return, Iran would deliver oil and gas to Russia’s customers in the Gulf from its southern fields.
Austria's OMV has signed a Memorandum of Understanding (MoU) in Tehran with the National Iranian Oil Company (NIOC) regarding the potential future development of various fields in the Zagros area in the west of Iran.