Iran and India are likely finalize a deal on the development of Farzad B gas field mid-March 2017, a report said.
The decision on finalisation is dependent on developers reaching a consensus on technical and commercial terms, Rokn
Global oil traders have entered into rare barter deals with the National Iranian Oil Company (NIOC), supplying Iran with much-needed gasoline in exchange for high-quality fuel oil, after most economic sanctions against Tehran were lifted in Ja
Iran's condensate surplus available for exports is expected to hit a maximum of 600,000 barrels per day (bpd) in 2017, nearly double the current level, an official at a subsidiary of state-owned National Iranian Oil Company (NIOC) said.
Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country's vast energy sector, Shell's boss for new business said.
The National Iranian Oil Company (NIOC) is set to increase production from all oilfields this year and can reach its pre-sanctions output capacity of 4 million barrels per day if there is sufficient market demand, a top Iranian oil official told
United Arab Emirates-based energy firm Dana Gas said an international tribunal had issued a favourable ruling in the dispute over a natural gas supply contract between its affiliate Crescent Petroleum and Iran.
The tribunal ruled
Iran's new oil minister has ordered the revision of energy project contracts to make them more attractive to foreign investors, a National Iranian Oil Company (NIOC) executive told oil ministry news service Shana.
Iran is investigating a suspected cyber attack on its main oil export terminal and on the Oil Ministry itself, Iranian industry sources said on Monday.
A virus was detected inside the control systems of Kharg Island, the country's lar
Iran will not cut oil supplies to India despite warning to refiners over their failure to pay for several months, an official was quoted as saying by the Oil Ministry's news website Shana on Sunday.
"A warning has been sent to those refine
UAE-based Crescent Petroleum on Sunday said Iran did not cancel a 25-year gas supply contract it had signed with the National Iranian Oil Company (NIOC).
Last week, Iranian media reported that the contact had been cancel