Iran says it is willing to meet the energy security needs of India,the world's third biggest oil importer and consumer. "Rupee-rial trade mechanism can help companies from both the countries to deal with each other directly and avoid third party intermediation costs," said Ali Chegeni, Iran's ambassador to India. India,which depends on imports ...

MNA Inaugurating three major oil projects via video conference on Thursday morning, Iranian President Hassan Rouhani said that sanctions can not impede Iran from development. The projects included the construction of the Goureh-Jask pipeline in Hormogan province, Miandoab Petrochemical in West Azarbaijan, and the Normal Hegzane in Arak, Markazi ...

Press TV - Head of the National Iranian Oil Company (NIOC) says more than $700 million has been raised to finance oil projects through the local stock market. Massoud Karbassian said on Tuesday that using the bourse for financing oil projects had proven to be a successful mechanism at the time of American sanctions on Iran. We have attracted 80 ...

SHANA -- The Syrian minister of petroleum and mineral resources visited Irans chamber of commerce, voicing the interests of his countrys private sector in joint economic activities with Iranian partners. Head of the Iran-Syria Joint Committee and a number of Iranian economic activists hosted a meeting with Ali Soleiman Ghanem in Tehran on Wednesday....

Tasnim The launch of a major oil project in Irans western province of Ilam is expected to raise the crude output at Danan oilfield from 8,000 to 19,000 barrels per day, an official announced. Speaking to Tasnim, governor of the city of Dehloran said a project on development of Danan oilfield in the province of Ilam will increase the oil output ...

Financial Tribune - Manfaat Sukuk worth 10 trillion rials ($86 million) were sold Monday in Iran Fara Bourse (junior stock market for securities and other financial instruments in Tehran) to help finance oil projects. According to the Security and Exchange News Agency, the bonds were sold for the first time via a consortium comprising Tamadon Investment ...

FNA - The National Iranian Oil Refining and Distribution Company (NIORDC) will open 20 projects worth $1819.82 million in the current month, to commemorate the 40th anniversary of the Islamic Revolution of 1979. Concurrent with the 40th anniversary of Irans 1979 Islamic Revolution on February 1-11, National Iranian Oil Refining and Distribution ...

SHANA -- A senior Iranian oil official said the country was planning to entrust 6 billion dollars' worth of enhanced oil recovery and production sustainability projects to domestic companies. Gholamreza Manouchehri, deputy CEO of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs, said once NIOC's 34 working packages ...

Press TV- Iran says a plan is on agenda to attract funds from domestic resources to maintain production at the countrys key oil fields. The plan would envisage attracting as much as Rials 300 trillion (around $ 7 billion with each dollar at the official rate of around Rials 42,000) through the Iran Energy Exchange (IRENEX), the media in Tehran ...

Financial Times | Monavar Khalaj andAnjli Raval:When Irans deputy oil minister toured the hulking steel facility that is the Islamic republics largest oil refinery, he was delivering a deliberately defiant message: even if Donald Trump reimposes sanctions on the country, Iranians will not suffer the severe petrol shortages they endured at the beginning ...

Press TV - Iran will dedicate about $21 billion in capital expenditure (capex) on oil projects over the next four years, according to leading market research and analysis firm GlobalData. The spending is aimed at ensuring that production grows to around 4.9 million barrel per day (bpd) in 2021, the UK-based company said in its latest analysis ...

SHANA -- Iranian Minister of Petroleum Bijan Zangeneh says over 6 billion dollars worth of oil contracts will be signed with local E&P, EPC and drilling companies next calendar year, beginning on March 21. Addressing a ceremony for signing Sepehr-Jofeir fields' development contract, the official said the Iranian Ministry of Petroleum has arranged ...

SHANA The National Iranian Oil Company (NIOC) says it will hold tenders for developing $5 billion worth of oil and gas projects in Iran during the new calendar year beginning on March 21. The NIOC managing director, Ali Kardor, said on Wednesday that the company has prepared the bidding documents for a package of about $5 billion worth of maintenance ...

Press TV- Iraqs Oil Minister Jabbar al-Luaibi says an agreement will be signed with Iran soon to jointly invest in two oil fields shared between the two countries. Al-Luaibi did not specify which fields were concerned and when the agreement would be signed. Nevertheless, it would be a groundbreaking move in the history of economic cooperation between ...

SHANA - Brazils Minister of Mines and Energy Fernando Coelho Filho said Brazilian companies are technically ready to develop projects in Iran's oil and gas sector. Speaking after a Monday meeting with Iranian Minister of Petroleum Bijan Zangeneh in Tehran, Filho said: "We talked to Mr. Zangeneh about the expertise that Brazilian companies have in ...

Shana -- Iranian Minister of Petroleum Bijan Zangeneh says Iran will need 200 billion dollars for financing oil and gas projects under the 6th development plan of the country. Speaking after a ceremony to sign a deal between National Iranian Oil Company (NIOC) and an consortium comprising Total, China's CNPC International and Petropars in Tehran ...

IRNA - Russias Gazprom Neft and Austrian player OMV have inked a cooperation document to develop upstream oil and gas projects of the Islamic Republic of Iran. Russia's Gazprom Neft and Austria's OMV will work together in Iran's oil sector under a memorandum of understanding, Norwegian Upstream news outlet quoted a statement by OMV on Friday. 'Preliminary ...

Shana -- Hungary's state-owned oil and gas group MOL has indicated preparedness to join oil projects in Iran by the adopting enhanced oil recovery (EOR) and improved oil recovery (IOR) techniques, a senior Iranian oil official said. Following a meeting with MOL deputy chief executive officer, Berislav Gaso, in his Tehran office on Wednesday, Deputy ...

APA - A delegation led by President of SOCAR Rovnaq Abdullayev met with Iran's oil minister Bijan Namdar Zanganeh. APA reports quoting SOCARs website that the two sides discussed the current state and prospects of relations in the oil and gas sphere, and emphasized the opportunities for development of cooperation. The parties considered issues like ...

VOA- Iran's deputy minister for petroleum says the hawkish stance taken by U.S. President Donald Trump on the Iranian nuclear deal is a "passing hiccup" that should not affect foreign investment in the country's energy sector. Amir Hossein Zamaninia made the remarks Wednesday at the CWC Iran LNG and Gas Partnerships Summit in Frankfurt, Germany....