Iran
Oil may rise to $55 if all producers cooperate, says Iran

Oil may rise to $55 if all producers cooperate, says Iran  Iranian Oil Minister Bijan Zanganeh expressed optimism about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if...

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Iran’s first Vice President, Es’haq Jahangiri: Iran’s crude exports will reach 1.5 MMbpd by March 2016

Iran’s crude oil exports will reach 1.5 MMbpd next month as Tehran moves to benefit from sanctions relief. “Today, our oil exports have reached 1.3 MMbpd, which will reach 1.5 MMbpd by...

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Iran: Oil production to hit 3.6mn bpd

Iranian Oil Minister Bijan Zanganeh has said Iran expects to raise oil output by 500,000 bpd as soon as sanctions are lifted and by a million bpd within months. A recent report issued by the...

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Iran to add more gas pressure boosters by March 2016

Five gas pressure stations will become operational up to the end of the current Iranian calendar year (March 2016) with the aim of boosting gas transfer capacity of the country. Managing director of...

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Iran’s natural gas processing rises

The National Iranian Gas Company has processed over 158 billion cubic meters of natural gas since the beginning of the current Iranian year (March 21, 2014). Planning director of the NIGC, Hassan...

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South Korea imports first Iranian NGL in eight months

South Korea imported its first Iranian natural gas liquids (NGL) in eight months in March, customs data showed on Monday, after having halted shipments last July because of EU sanctions restricting...

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Iran oil min says oil below $100 “not reasonable”

Iran wants oil prices to stay above $100 a barrel, its oil minister said on Sunday after crude touched nine-month lows near $101 on Friday and ahead of OPEC’s next meeting on May...

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Iran budget to reduce oil reliance, boost other exports Islamic Republic to reduce dependence on oil income to counter “heavy” sanctions impact

Iran is to reduce its dependence on oil income and boost non-oil exports in its budget to counter the “heavy” impact of sanctions, President Mahmoud Ahmadinejad said in a television...

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Strait of Hormuz

Strait of Hormuz One year before, and according to (UPI), Abu Dhabi was rushing to complete a $3.3 billion underwater oil pipeline from the United Arab Emirates to an export terminal on the Gulf of...

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