Tehran (ISNA) - Crude oil production will reach more than 4 million barrels per day and natural gas output is slated to exceed 1 billion cubic meters a day in the present fiscal that ends in March 2018.
Tehran (ISNA) - India's Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions against Tehran last year.
Tehran (ISNA) - Iran will keep its oil production cap at 3.8 million barrels per day in the second half of 2017, the country's oil minister said on Tuesday, provided other OPEC members stick to the output level they agreed in November.
Tehran (ISNA) - Iran announced on Tuesday it will begin selling 100,000 barrels of oil a day to Russia within the next 15 days and receive payment half in cash and half in goods and services, Reuters reported.
Tehran (ISNA) –Iran’s oil minister estimated that oil and gas condensations saleto reach $41 billion by the end of Iran fiscal year (20 March 2016- 21 March 2017), but it doesn’t mean that Tehran to receive $41 billion in cash because it takes times.
TEHRAN (ISNA)- India has begun mending ties with Iran despite uncertainty surrounding nuclear negotiations between Tehran and the G5+1 countries, the second Indian English-language daily The Hindu wrote on Wednesday.
TEHRAN (ISNA)- Iran is prepared to offer longer-term and more-profitable contracts to international oil and gas firms but expects substantive partnerships with Iranian companies, said oil-ministry officials, signaling how the country will try to entice billions of dollars in energy investments after any nuclear deal.
TEHRAN (ISNA)- An Iranian deputy minister of petroleum said the country’s petrochemical production capacity will reach 180 million tonnes in next 10 years despite international sanctions imposed on Iran's energy and financial sectors.
TEHRAN (ISNA)- Deputy Managing Director of Iran's National Petrochemical Company (NPC) Mohammad Hassan Peivandi said the company would sign a deal with foreigners after sanctions imposed against the country are lifted.