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»Home »Current News

Oil, Gas and Petrochemical Current News

Three SP at NIOC priority this year  (S)
Sunday, March 29, 2015   (
... The development projects of South Pars phases 19, 20 and 21 are among the new phases the oil ministry has prioritized their development in the new (Iranian) year ...
US fines Schlumberger over Iran trade  
Sunday, March 29, 2015
The French-US services company is charged with secretly providing services to Iran and Sudan ...
NIDC drillings at S. Azadegan oilfield made 20% headway  (S)
Sunday, March 29, 2015   (
The drilling project of South Azadegan oilfield is currently underway by National Iranian Drilling Co. (NIDC), making 20% headway ...
NIDC drillings at South Pars phase 14 made 51% progress  (S)
Sunday, March 29, 2015   (
South Pars phase 14 drilling project manager at National Iranian Drilling Co. (NIDC) Hamid Reza Shafiee Makvand said: “Having employed two offshore drilling rigs ...
‘Iran’s oil export to China jumps in February’  
Sunday, March 29, 2015
New reports indicate that Iran's oil exports to China witnessed a hike of 13.5% in February from the previous month ...
Iran holds more than 20 mln bbls oil on ships: Reuters data  
Sunday, March 29, 2015
Iran is storing more than 20 million barrels of crude on board its supertankers moored off the country as western sanctions continued to curb Iranian oil sales globally ...
Crude oil prices heading to $35 by June: FGE  
Sunday, March 29, 2015
Global crude oil prices could trade between $35 to $40 a barrel by the end of the second-quarter of 2015, according to Fereidun Fesharaki, chairman of FACTS Global Energy (FGE) ...
Fears that Iran will ‘Flood’ the oil market exaggerated  
Sunday, March 29, 2015
Oil industry experts say it is unlikely that Iran will flood the market with oil if sanctions are lifted as a result of Iranian nuclear talks, quelling fears that the talks would spook the markets ...
Ticker symbols of 5 crude oil refineries replaced on Bourse  (S)
Wednesday, March 18, 2015   (
... the ticker symbols of Tehran, Shiraz and Lavan crude oil refineries are active and their shares are ready to be sold at Iranian Bourse and Farabourse ...
Iran South Pars phase 12 gas field inaugurated  (S)
Wednesday, March 18, 2015   (
Phase 12 of Iran South Pars shared gas field has been officially inaugurated on 17th of March 2015, while attended by Hassan Rouhani, the president of Islamic Republic of Iran ...
Iran NISOC’s output capacity up by 25 kbpd  (S)
Wednesday, March 18, 2015   (
... revealed that the crude oil production capacity of NISOC has been raised by 25,000 bpd this (Iranian) year (ending 20th of March 2015) ...
Crude oil ends lower on Iran talks weigh  
Wednesday, March 18, 2015
U.S. crude oil ended lower for fourth straight session on Tuesday, ahead of the weekly oil report and amid reports of progress in the talks between Iran and world powers over Tehran's nuclear program ...
Iran’s crude output as reported by OPEC (Feb-update)  (S)
Tuesday, March 17, 2015   (
Total OPEC crude oil production in February averaged 30.02 mb/d, showing a decrease of 14 tb/d over the previous month. Crude oil output decreased mostly from Iraq ...
Iran KEPCO, NGSC sign coop agreement  (S)
Tuesday, March 17, 2015   (
Khazar Exploration & Production Co. (KEPCO) and Iran Natural Gas Storage Co. (NGSC) signed a cooperation agreement to exchange technical and engineering services regarding Qezel Tappeh ...
NIGEC in talks with firms on gas for electricity exports  (S)
Tuesday, March 17, 2015   (
... there are talks underway with three foreign companies on construction of highly efficient power plants on the border regions with neighboring countries for the purpose of electricity exports ...
Recession: Iran capital market suffered this year  (S)
Tuesday, March 17, 2015   (
... managing director of Tehran Stock Exchange Co. (TSE), talked about the performance of TSE this (Iranian) year (ending 20th of March 2015) ...
Iran Bibi Hakimeh 3D at 87% headway  (S)
Tuesday, March 17, 2015   (
Deputy for Geology at Directorate of Technical Affairs of National Iranian South Oil Co. (NISOC) Farrokh Naseri Karimvand revealed that the 3D seismic project of Bibi Hakimeh oilfield has made 87% headway ...
Iran to hike oil exports by 1mn bpd after sanctions lifted  
Tuesday, March 17, 2015
Iran says it is ready to increase its oil exports by one million barrels per day a few months after the sanctions against the country are lifted ...
Iran News In Brief  
Tuesday, March 17, 2015   (
Persian Gulf News In Brief  
Tuesday, March 17, 2015   (
Delay in Iran refineries ticker symbols to get back on Bourse  (S)
Monday, March 16, 2015   (
Decision-making on the replacement of refining companies’ ticker symbols on Bourse depends on the submission of financial statements of the companies by Monday ...
Iran NDF plans and priorities for next year  (S)
Monday, March 16, 2015   (
At the meeting of board of trustees of National Development Fund (NDF), the most prominent plans and priorities of this fund for the next (Iranian) year (starting 21st of March 2015) have been approved ...
Iran exploration success rate in ‘Fifth Plan’ at 68%  (S)
Monday, March 16, 2015   (
According to the report released by ‘Exploration and Production’ monthly, Hormoz Qalavand, director of exploration at National Iranian Oil Co. (NIOC) ...
Iran news In Brief  (S)
Monday, March 16, 2015   (
NIOC to annul HOA of non-shared oil and gas projects  (S)
Monday, March 16, 2015   (
The heads of agreements (HOA) signed for investment in Iran's non-shared oil and gas fields’ development projects will be canceled because of the fact that they are not on the priority ...
Iraq News In Brief  
Monday, March 16, 2015   (
Turkmen gas to Europe through Iran – reality or possibility?  
Monday, March 16, 2015
... Now Turkmenistan is viewing pipelines which will help its natural resources to achieve the desired destinations. The Southern Gas Corridor designed to bring Caspian gas to energy-hungry ...
Iran IPO reviews oil refineries privatization scheme  (S)
Sunday, March 15, 2015   (
... Over the past years, a great number of shares of Tehran Oil Refinery had been given away as ‘justice shares’ which after serious attempts, were returned to the government ...
Iran to stop oil product swap  (S)
Sunday, March 15, 2015   (
... managing director of National Iranian Oil Products and Distribution Co. (NIOPDC) Naser Sajjadi stressed on bringing the oil product swap to a standstill as of next (Iranian) year ...
Iran ICOFC Oil and gas production plan  (S)
Sunday, March 15, 2015   (
Iranian Central Oil Fields Co. (ICOFC) is expected to produce about 95 bcm (260 mcm/d) of gas and 75 Mln bbls (205,000 bpd) of crude oil next (Iranian) year ...

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