Iran has signed a new contract to develop its South Pars gas field - the largest gas field in the world - with France's Total and China's CNPC today (3 July). The move will be the first major Western energy investment since sanctions against Tehran were removed…
Italy-based exploration and production firm Eni has inked a memorandum of understanding (MoU) with the National Iranian Oil Co. (NIOC) to study the offshore Kish natural gas field. Eni has been given six months to submit a proposal outlining plans to boost recovery from the fields…
French giant Total and the National Iranian Oil Co. (NIOC) have entered into a heads of agreement (HoA) for the development of phase 11 of the giant South Pars project, in the Persian Gulf. Pouyanné…
Implementation day for the Joint Comprehensive Plan of Action (JCPOA), an agreement among Iran, the P5+1 (the five permanent members of the United Nations Security Council and Germany), and the European Union (EU), occurred on 16 January…
Over the weekend, the six world powers (P5+1), European Union (EU), and Iran reached an agreement that lifted sanctions on Iran’s oil production that will see Western nations enter Iran for oil exploration and production for the first time in more than a decade…
Sanctions on Iran’s oil production are set to be lifted as early as this weekend that will mark the end of the country’s nuclear program and pave the way for Western nations to re-enter Iranian territory for oil exploration and production…
Iran has offered 52 oil and gas development projects in addition to 18 exploration blocks at its Tehran IPC Conference, held last week, according to state backed petroleum news agency Shana. The projects, estimated to be worth more than US$30 billion…
Iran’s historic nuclear deal with six world powers was approved by the country’s parliament today (13 October) with 64% in favor of the bill, clearing a hurdle for sanctions against Iran being lifted. Iranian parliament approves JCPOA bill…
Phases 15 & 16 of the massive offshore South Pars gas field are close to starting production, according to the project's manager. Reza Forouzesh said the phases are expected to come online by mid-October. Production from Phases 15 & 16 of the offshore South Pars…
Iran is preparing to introduce 45 new oil projects to potential investors as it looks to attract investment into the country post-sanctions. Iran finally reached an historic agreement with the P5+1 countries late last month, over Iran's nuclear activities…
Iran said it is ready to negotiate with Japan over the return of the country’s enterprises to its oil projects as well as its upstream industries. Iran’s Oil Minister Bijan Zangeneh told reporters after a meeting with a visiting Japanese…
An official at the Iranian Offshore Oil Co. (IOOC) says the company has succeeded to increase crude oil production from Salman oil field in the Persian Gulf, which Iran shares with the United Arab Emirates (UAE). Sanctions on Iran’s oil…
A busy week for global news mid-July sent crude prices plummeting. The agreement between the Greek government and European financial ministers left a lingering uncertainty hanging over the Eurozone, with several high profile organizations remaining openly critical of it…
The imminent return of Iran to global oil could reshape global oil markets, but foreign investments will only return to the country in the 2020s, according to a new report by business consultancy Deloitte. The firm says the historic agreement…
Sanctions on Iran’s oil production look set to be lifted after the country and six world powers finally reached a deal over the country’s nuclear program. The agreement, reached after two years of discussions, following a 12-year stand…
