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Tehran-Baku Oil Talks Continue
The CEO of Khazar Exploration and Production Company (KEPCO) said talks between Iran and Azerbaijan were continuing and a joint committee had been formed by the two neighbors.
Wednesday20 February 201913:54

Tombak Export-Service Port Fully Operational by March 2020
Tombak Export-Service Terminal is expected to fully come online by the end of the next Iranian calendar year to March 2020.
Wednesday20 February 201913:35
Japan Refiners Seeking Clarity Over Iran Oil Waiver Extension
Japanese refiners are seeking clarity on whether there will be an extension to the 180-day sanctions waiver from Washington in March, as they hope to continue buying Iranian oil without any disruption, Petroleum Association of Japan's president Takashi Tsukioka said.
Tuesday19 February 201913:46
Asaluyeh Ethane Production to Increase by 2 Million Tons p.a.
Ethane production capacity in Asaluyeh in the southern Bushehr Province will rise by 2 million tons per annum upon the inauguration of four new phases of the South Pars Gas Field in Persian Gulf in March.
Tuesday19 February 201913:39
Iran’s New Refinery Opening Is a Poke in US Eye
Iran is now a gasoline exporter but the country is not exporting any volumes for the moment, preferring to build up its stocks first, Minister of Petroleum Bijan Zangeneh says.
Tuesday19 February 201913:29
Iran Becomes Self-Sufficient in Gasoline Production
Iran’s President Hassan Rouhani has inaugurated third phase of the gas condensate plant, known as the Persian Gulf Star Refinery in the southern city of Bandar Abbas.
Tuesday19 February 201912:08
Iran Petrol Output at 76 ml/d
Iran’s petrol production capacity stands at 76 million liters per day and its gasoil output is 44 ml/d on average, which makes the country the largest producer of the items in the region.
Monday18 February 201910:05
Oil Market Forecasters Bearish on 2019
T he three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.
Sunday17 February 201914:40
Masjed Soleyman Ammonia Plant Online by Mid-2020
The Ammonia Unit of Masjed Soleyman Petrochemical Plant will come on-stream by March 2020, to become fully operational by 2021.
Sunday17 February 201913:28
Oil Market Forecasters Bearish on 2019
The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.
Sunday17 February 20199:57
2nd Phase 22-24 Platform Installed
The second offshore platform of South Pars Phase 22-24 Project was successfully installed.
Sunday17 February 20199:54
South Korea Resumes Iran Oil Import
South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
Saturday16 February 201913:42
Zangeneh to Hammer out SP. Phase 11 Deal with CNPC in Beijing
Iranian Minister of Petroleum Bijan Zangeneh is scheduled to accompany Parliament Speaker Ali Larijani in his visit to Beijing later this week to negotiate completion of Phase 11 Project of South Pars with CNPCI.
Saturday16 February 201913:24
S. Korean Firms to Resume Iran Gas Condensates Purchase
Two major South Korean oil companies are to resume buying Iran gas condensates in February, South Korean media reported.
Monday11 February 201916:06
Asian Countries Buy 1 Million Barrel of Oil from Iran Per Day
US analytical data bank 'S&P Global Platts' said that Asian countries such as China, Japan, South Korea and India in the first quarter in 2019 are to buy and import over one million of crude oil from the Islamic Republic of Iran.
Monday11 February 201916:01
NIORDC to Launch Integrated Distribution Management System for Oil Products
The National Iranian Oil Products Refining and Distribution Company (NIORDC) is planning to launch an integrated system for distribution management of petroleum products.
Monday11 February 201915:42
IMF’s Christine Lagarde: Oil Exporters Have Not Fully Recovered From 2014 Shock
Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending money on "white elephant projects."
Monday11 February 201915:37
Gasoline Production up 7-Folded in 4 Decades
Gasoline production rose seven-folded over the past four decades after triumph of the Islamic Revolution of Iran in 1979.
Sunday10 February 201917:28
Oil Reserves up 2.5-Fold in Post Islamic Revolution Era
Minister of Petroleum Bijan Zangeneh says volume of Iran's oil reserves has risen 2.5-fold following triumph of Islamic Revolution of Iran in 1979.
Sunday10 February 201917:22
Iran Sets New Record in Gasoline Production
Iran’s average production of gasoline has amounted to some 105 million litters a day since the beginning of Iranian calendar month of Bahman (Jan 21), according to a report on Monday by the official website of the Ministry of Petroleum.
Sunday10 February 201916:22
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