Iran's Oil, Gas & Petrochemical Current News

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US oil takes on new rivals in Europe (Report) US oil takes on new rivals in Europe (Report)
12 February, 2019
When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, U.S. oil producing companies came well prepared ...
India eyes modest inflow of Iranian oil amid optimism on waiver extension India eyes modest inflow of Iranian oil amid optimism on waiver extension
12 February, 2019
Indian refiners are increasingly optimistic on winning another round of waiver to continue buying Iranian oil, at reduced levels, as New Delhi has put forward a strong case to Washington ...
Iran budget deficit grows 17%: CBI Iran budget deficit grows 17%: CBI
12 February, 2019
Iran’s budget deficit came in bigger than expected in the first nine months of the current fiscal year (March 21-Dec. 21, 2018) to hit Rials 451.1 Tln ($3.8 billion), latest data released by the Central Bank of Iran show ...
Iran's liquidity climbs: CBI Iran's liquidity climbs: CBI
12 February, 2019
A monthly report by the Central Bank of Iran released on Sunday, showed liquidity reached Rials 17,645 Tln ($150.8 billion) in the Iranian month of Azar ...
Daily gasoil output exceeds consumption: NIOPDC Daily gasoil output exceeds consumption: NIOPDC
12 February, 2019
Director of supply and distribution at National Iranian Oil Products Distribution Company (NIOPDC) said the country’s daily gasoil production is 16 million liters more than the consumption ...
Iran's Jan LPG loadings show some recovery Iran's Jan LPG loadings show some recovery
10 February, 2019
Iranian LPG loadings were showing initial signs of recovery in January 2019, following a near halt in November 2018 and a muted program in ...
Bloomberg: Iran exported 1.28 Mln bpd of oil in Jan Bloomberg: Iran exported 1.28 Mln bpd of oil in Jan
10 February, 2019
Iran exported an observed 1.28 million barrels a day of crude and condensate last month, according to ...
Iran AOGC plans and performance (Report) Iran AOGC plans and performance (Report)
06 February, 2019
... managing director of Iran Arvandan Oil and Gas Co. (AOGC), said the current production of AOGC from Darkhovin, North and South Azadgan, Yadavaran and Yaran oilfields is about ...
Zangeneh: Chinese not yet decided on Iranian upstream projects Zangeneh: Chinese not yet decided on Iranian upstream projects
06 February, 2019
Addressing a news conference on Tuesday, 5th of February 2019, Iran Oil Minister Bijan Namdar Zangeneh talked about several current Iran oil industry issues, highlights of which are as follows ...
Iran, Iraq sign agreement on payment mechanism Iran, Iraq sign agreement on payment mechanism
06 February, 2019
Iran and Iraq signed an agreement late Tuesday on a payment mechanism to remove the obstacles blocking the settlement of Baghdad’s debts to Tehran ...
NIOC to offer 1 Mln bbls of condensate at ‘IRENEX’ next Wednesday NIOC to offer 1 Mln bbls of condensate at ‘IRENEX’ next Wednesday
06 February, 2019
... representative of National Iranian Oil Co. (NIOC) at Iran ‘Energy Exchange’ (IRENEX), said: “NIOC will offer 1 Mln bbls of South Pars gas condensate at the export ring of ‘Energy Exchange’ ...
Iran NIOPDC plans to increase CNG share in auto fuel basket Iran NIOPDC plans to increase CNG share in auto fuel basket
06 February, 2019
... CNG project manager at National Iranian Oil Products Distribution Co. (NIOPDC), talked about the plan to launch several projects next (Iranian) year (starting late March 2019), to increase the share of CNG in the vehicles ...
Iran Abadan Petchem renovation starts Iran Abadan Petchem renovation starts
06 February, 2019
... managing director of Iranian ‘Tamin Petroleum & Petrochemical Investment Company’ (TAPPICO), referred to the start of the project to renovate and reconstruct the VCM production ...
Rials 10 Tln bonds sold to finance Iran’s oil EPC/EPD projects Rials 10 Tln bonds sold to finance Iran’s oil EPC/EPD projects
05 February, 2019
Manfa’at Sukuk worth 10 trillion rials were sold Monday, 4th of Feb. 2019, at Iran Fara Bourse with an aim to secure a part of the financial resources required to implement the ...
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