'Tehran Refinery to get Euro-5 standard'
Mon, 02 May 2011 01:12:33 GMT
Managing Director of Tehran Oil Refinery Mohsen Qadiri says the refinery will start producing gasoline compliant with Euro-5 standard by October 2011.

Iran to increase crude production
Fri, 29 Apr 2011 10:07:53 GMT
The Iranian deputy oil minister says the country will increase its crude oil production by more than 100,000 barrels per day by March 2012.

Overhaul time of Iran gas plants reduced
Thu, 28 Apr 2011 23:54:28 GMT
The overhaul period for the gas processing plants in Iran will be considerably reduced this year due to technical progress by the Islamic Republic's National Gas Company.

'Iran to expand gas exports to Egypt'
Wed, 27 Apr 2011 23:30:12 GMT
Syria's oil minister says that Iran will connect to the Arab Gas Pipeline via Syria and Iraq, which will open a route for the export of Iranian natural gas to Egypt.

Iran, Turkmenistan discuss gas trade
Wed, 27 Apr 2011 22:58:09 GMT
The Iranian president and his Turkmen counterpart have talked about the former Soviet country's gas exports to the Islamic Republic as Ashgabat says it is ready to up energy transfers to Iran.

Foreign firm invests €9bn in Iran oil
Sun, 24 Apr 2011 05:14:10 GMT
A foreign company has signed a 9-billion-euro deal to invest in three Iranian refineries, National Iranian Oil Refining and Distribution Company (NIORDC) says.

Iranian companies ink €6b gas deal
Wed, 20 Apr 2011 23:54:26 GMT
Iran Power Plant Projects Management Co. (MAPNA) has signed a six-billion-euro agreement with Iranian Offshore Oil Co. (IOOC) to develop Iran's Forooz B gas field.

'Crude prices to rise further in 2011'
Wed, 20 Apr 2011 05:24:53 GMT
Iran's OPEC Governor Mohammad Ali Khatibi says global crude prices and demands for oil will both increase further by the end of 2011.

OPEC turns 50 in Tehran
Wed, 20 Apr 2011 01:59:23 GMT
Tehran has hosted a ceremony commemorating the 50th anniversary of the establishment of the Organization of Petroleum Exporting Countries (OPEC).

Iran to complete Caspian Sea drilling
Tue, 19 Apr 2011 01:17:30 GMT
National Iranian Oil Company (NIOC) says Iran will finish the drilling operation of its first oil exploration well in the Caspian Sea by March.

Iran ready to create 'energy security'
Mon, 18 Apr 2011 11:57:03 GMT
Iranian Parliament (Majlis) Speaker Ali Larijani says Tehran is ready to cooperate with the West to create lasting global energy security based on “mutual respect” and “fairness.”

MAPNA to invest $5bn in Iran gas field
Sun, 17 Apr 2011 07:46:43 GMT
Iran Power Plant Projects Management Co. (MAPNA) has agreed to invest $5 billion in southern Iranian Lavan gas field to generate electricity by using its natural gas, an Iranian oil official says.

More foreign firms attending Iran oil expo
Sun, 17 Apr 2011 00:42:06 GMT
The number of foreign companies attending Iran's 16th International Oil, Gas, Refining, and Petrochemical Exhibition has increased compared to previous editions of the event.

'Iran safest place for foreign investors'
Fri, 15 Apr 2011 13:47:45 GMT
Iran is one of the safest countries for investment in oil, gas and petrochemical sectors, First Vice-President Mohammad Reza Rahimi says.

Iran urges cooperation in oil industry
Fri, 15 Apr 2011 10:40:52 GMT
Iranian Oil Minister Massoud Mirkazemi has invited energy-seeking countries to engage in the Islamic Republic's oil industry with an attitude of “cooperation” rather than “confrontation.”

ECO hails South Pars progress
Thu, 14 Apr 2011 18:40:14 GMT
Secretary General of Economic Cooperation Organization (ECO) says Iran has made significant progress in the development of the South Pars oil and gas projects.

'Iran-India oil payments row resolved'
Wed, 13 Apr 2011 05:58:15 GMT
Iranian Foreign Ministry Spokesman Ramin Mehmanparast says a dispute with India over payments for Iranian crude oil has been resolved, stressing there is no legal problem in this regard.

Iran to quadruple gasoline production
Tue, 12 Apr 2011 13:21:05 GMT
The National Iranian Oil Engineering and Construction Company (NIOEC) says Iran is set to increase its gasoline production by more than four times.

Global market needs no more oil supply
Tue, 12 Apr 2011 09:37:02 GMT
Iranian OPEC governor Mohammad Ali Khatibi says the global crude market is oversupplied and is facing no shortage amid political developments in some oil producing countries.

Iran to unveil hybrid Bus, vessel
Sun, 10 Apr 2011 17:58:40 GMT
Iranian Fuel Conservation Company (IFCO) has announced plans to unveil a newly-designed hybrid bus and vessel at Tehran's 16th international oil and gas exposition.

Iran to invest $16bn in SP gas field
Sun, 10 Apr 2011 08:36:28 GMT
Iran's Oil Ministry plans to invest more than $16 billion in South Pars gas field to develop its remaining phases in the current Iranian calendar year (started March 21), says a senior Iranian oil official.

'Major Iranian gas pipelines repaired'
Sun, 10 Apr 2011 07:10:49 GMT
Iranian experts have repaired three major gas pipelines that exploded in central province of Qom on Friday, says the chairman of Iran's Gas Transportation Company.

Eni's oil payments to Iran up in 2010
Sun, 10 Apr 2011 05:58:10 GMT
Italy's biggest oil and natural gas company Eni SpA says it paid $888 million to the National Iranian Oil Company for crude last year.

Iran: Global oil market oversupplied
Sun, 10 Apr 2011 05:12:30 GMT
Iran's OPEC Governor Mohammad Ali Khatibi says the global oil market is oversupplied, rejecting reports about an oil shortage in the world.

'Blast hits Iran gas pipelines'
Sat, 09 Apr 2011 06:56:26 GMT
An explosion in the Iranian province of Qom has ripped through three main gas pipelines delivering natural gas from the country's south to the north, a report says.

Iran, Russia urge more gas cooperation
Thu, 07 Apr 2011 15:32:25 GMT
Iran and Russia have called for a greater role by the Gas Exporting Countries Forum (GECF) in the establishment of security in the international energy market.

'Intl. companies eye business in Iran'
Thu, 07 Apr 2011 06:04:37 GMT
International energy companies are returning to Iran as the US-sponsored sanctions against the Islamic Republic have proved to be ineffective, an Iranian lawmaker says.

460 foreign firms to attend Iran oil show
Tue, 05 Apr 2011 15:13:30 GMT
The manager of Iran's 16th International Oil, Gas, Refining, and Petrochemical Exhibition says the number of international participants in the exhibition has significantly increased.

'Iran ready to supply fuel to Japan'
Tue, 05 Apr 2011 12:29:56 GMT
Iranian Ambassador to Japan Abbas Araqchi says Iran is ready to provide fuel for Japan which is struggling with energy problems, after a massive earthquake and an ensuing tsunami.

Iran to export LNG by sea in 2013
Mon, 04 Apr 2011 18:19:08 GMT
Iran says it will export the first cargo of liquefied natural gas (LNG) within two years, as the country's shipping sector prepares to add six LNG carriers to its fleet.

Iran to invest $90bn in South Pars
Tue, 29 Mar 2011 22:40:27 GMT
Iran's Oil Minister Massoud Mirkazemi says the ministry plans to invest about $90 billion in South Pars gas and oil projects in the current Iranian calendar year (started March 21).

'OPEC not to increase crude output'
Sun, 27 Mar 2011 01:09:37 GMT
Iranian Oil Minister Massoud Mirkazemi says the Organization of the Petroleum Exporting Countries (OPEC) will not increase crude output.

Iran's DST goes into effect Tuesday
Sun, 20 Mar 2011 07:26:08 GMT
Iran will observe Daylight savings time (DST), turning forward its official time by one hour at 00:00 hours local time (0330 GMT) on Monday March 21.

Iran's gasoline consumption declines
Sun, 20 Mar 2011 06:51:33 GMT
National Iranian Oil Refining and Distribution Company (NIORDC) says the average Iranian gasoline consumption has declined to 61.1 million liters per day.

'USD 200 billion needed for South Pars'
Thu, 17 Mar 2011 09:43:55 GMT
An Iranian official says more than 200 billion dollars need to be invested in the oil projects of the South Pars within the next four years.

Italy oil imports from Iran up by 80%
Thu, 17 Mar 2011 02:00:06 GMT
New figures indicate how Italy has increased its oil imports from Iran in 2010 by 80.6 percent despite sanctions imposed on the Islamic Republic's civilian nuclear program.

'Iran fuel consumption declines'
Wed, 16 Mar 2011 06:06:40 GMT
National Iranian Oil Products Distribution Company (NIOPD) has announced that fuel consumption has decreased throughout the country since the implementation of the subsidy reform law.

Iran to increase gasoline exports
Mon, 14 Mar 2011 18:06:59 GMT
Iran will increase its gasoline exports in the next Iranian calendar year, which begins on March 21, says the country's Deputy Oil Minister Alireza Zeighami.

China invests USD 6bn in Iran oilfields
Sat, 12 Mar 2011 17:09:54 GMT
China will invest more than USD 6 billion for the development of Iran's “giant” north and south Azadegan oilfields, Iranian deputy oil minister has said.

Iran to issue €3bn in South Pars bonds
Sat, 12 Mar 2011 02:37:08 GMT
Iran's deputy oil minister says the Islamic Republic plans to issue €3 billion worth of bonds to develop the South Pars gas field.

Foreign investment up in South Pars
Wed, 09 Mar 2011 16:40:34 GMT
The managing director of the South Pars Gas and Oil Company says a USD 3.3 billion investment contract has been signed with a foreign firm to develop the field.

Iran against OPEC output raise
Wed, 09 Mar 2011 04:45:49 GMT
Iran's OPEC Governor Mohammad Ali Khatibi has downplayed speculation of an increase in OPEC oil output, saying there is no need for more oil in the market.

'Iran gas export to Europe sets record'
Tue, 08 Mar 2011 17:43:39 GMT
Iran has exported about nine billion cubic meters of natural gas to Europe during the past 11 months, setting a new record, says the Iranian deputy oil minister.

'Iran will earn $110bn from South Pars'
Mon, 07 Mar 2011 16:29:09 GMT
Iran will earn USD 110 billion annually upon the complete launch of the remaining phases of the South Pars gas field, Oil Minister Massoud Mirkazemi says.

S Pars gas production at record high
Mon, 07 Mar 2011 02:10:47 GMT
The monthly production of South Pars gas field has hit a record high of 7.280 billion cubic meters from January 21 to February 20.

'Ukraine keen to invest in South Pars'
Sat, 05 Mar 2011 03:23:04 GMT
A high-ranking Ukrainian trade official has praised the Islamic Republic's progress in the oil and gas sectors, saying Kiev is interested in increasing its participation in Iranian oil projects.

'India pays crude import dues to Iran'
Fri, 04 Mar 2011 02:46:11 GMT
India's oil minister says New Delhi has started making overdue payments to Iran for oil imports after the two countries resolved a row over how to pay for Iranian crude.

'Drop in Iran's oil output tragic'
Wed, 02 Mar 2011 14:48:49 GMT
A possible disruption in Iran's daily output of nearly four million barrels of crude will have catastrophic consequences for the global economy, a recent report suggests.

China to invest in S Azadegan oilfield
Sat, 26 Feb 2011 05:58:47 GMT
Iran's Petroleum Engineering and Development Company says China will invest $2.5 billion in developing projects of the South Azadegan oilfield in the southwestern province of Khuzestan.

Iran oil price surpasses $100
Fri, 25 Feb 2011 10:19:28 GMT
The price of Iran's crude oil has soared to over USD 100 amid recent revolutions and uprisings in North Africa and the Middle East.

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