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Iran Announces Deal To Provide Russia With Oil In Swap For Cash, Goods

- Iran said 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, Iranian news media reported on February 21. - 2/22/17

Iran, Iraq Initialize Plans For Oil Sector Cooperation

- The governments of Iraq and Iran have signed a memorandum of understanding about conducting a joint study for a possible pipeline to export oil through Iran from Iraq's Kirkuk region. The oil ministers of the two countries signed the memorandum in Baghdad on February 20. - 2/21/17

Iran Needs Billions to Upgrade Gas Fields, But Will Investors Invest?

- Iran sits on what are thought to be the world's largest gas reserves, yet can barely supply its own domestic demand. Since the United Nations-backed deal over Tehran's nuclear program spurred the lifting of international sanctions, the country has strived to attract foreign investment in developing oil fields and upgrading its aging infrastructure. -Henry Ridgwell, VOA - 2/17/17

Iran: Trump Stance Won't Derail Foreign Investment in Oil, Gas

- 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. -Henry Ridgwell, VOA - 2/16/17

Iran discovers new oil fields with 30 billion barrels of oil: Official

- Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) says. Some 4.7 billion barrels of these reserves are recoverable, said Seyyed Saleh Hendi who also announced the discovery of 128 trillion cubic feet of gas. - 2/13/17

Iran Oil revenues set to reach $45B-$50B in next fiscal year: Oil Minister

- Iranian oil minister has said that considering oil prices at $55 per barrels, the country's revenues from oil and gas condensate exports will reach $45-$50 billion in the next Iranian calendar year (March 21, 2017-March 20, 2018), IRNA reported on Saturday. - 2/12/17

Three Iranian films to go on screen at Portland festival

- Three Iranian films will go on screen at the 40th Portland International Film Festival, which will be held February 9-25, 2017 in Portland, Oregon. "Life+1 Day" by Saeid Rustai and "Parting", a joint production of Iran and Afghanistan by Navid Mahmudi will go on screen in the New Directors section, in which new and emerging filmmakers represent the new generation of master storytellers. In addition, "Starless Dreams", a documentary by Mehrdad Oskui will be screened in the Documentary Views category of the festival. - 2/6/17

US firms shut out of Iran oil tenders

- US companies stand no chance of participating in bidding for Iran's oil fields which the country plans to develop with international help, a senior official says. Iran's Deputy Petroleum Minister for Commerce and International Affairs Amir Hossein Zamaninia said Monday that US firms do not face any restrictions for work in the resource-rich country but American sanctions make such activities impossible. - 2/6/17

Iran starts sending own oil tankers to Europe

- Reports say Iran has sent at least two supertankers to Europe in what appears to be the country's first direct shipment of crude oil to EU clients after the removal of sanctions last year. A report by the Financial Times said two giant vessels called 'Snow' and 'Huge' were already on their way towards the storage and trading port of Rotterdam. - 1/27/17

Iranian Oil Official Sees Potential For US Partnership Under Trump

- A senior Iranian energy official sees "a great potential for engagement and partnership in Iran for American companies" under US President Donald Trump. Trump, a property magnate who took office on Friday, has called the 2015 nuclear accord with Iran "the worst deal ever negotiated" and threatened to annul or renegotiate it - a scenario which Tehran has squarely rejected. - 1/25/17

Russia gets multi-billion dollar Iran projects

- Under an agreement signed between the two sides, the Russians will improve efficiency at the Ramin power plant in Khuzestan province to 50-55% from 36% now, Alireza Daemi told the Mehr news agency on Wednesday. Another Russian company will build a 1,400-megawatt power plant in the Iranian city of Bandar Abbas in Hormuzgan province, he added. - 1/18/17

Iran to receive 130 tons of uranium: Atomic Energy Organization Official

- The Atomic Energy Organization of Iran (AEOI) says the country is soon to receive as much as 130 tons of uranium from abroad. The Joint Commission monitoring the implementation of a 2015 nuclear deal between Iran and the P5+1 group of countries approved the purchase on the part of the Islamic Republic during a meeting in the Austrian capital of Vienna on Wednesday. - 1/14/17

Oil Prices Plummet On Fear OPEC-Russia Output Cuts Will Unravel in 2017

- World oil prices have plummeted over concerns that a deal to curb production reached between OPEC, Russia, and other producers will not hold for much longer. - 1/10/17

Iran cashing in on OPEC oil output cut: Report

- Reports suggest that Iran has managed to sell nearly half of oil that it had long held on tankers at sea as it capitalizes on OPEC oil cut to sell millions of barrels, courting new customers around the globe. Tehran has sold more than 13 million barrels of the crude it had held in floating storage. - 1/7/17

Vitol, World's Largest Oil Trader, loans One Billion Dollars To Iran

- The world's largest independent oil trader Vitol has signed a deal to provide Iran with a major loan worth $1 billion - a landmark move that can help expedite the country's crucial plans to boost its production of crude oil. - 1/5/17

Iran Says Japan's Inpex Tipped To Win Azadegan Oil Field Contract

- Japan's largest oil and gas exploration and production company is reportedly trying to win a contract over the development of a major oil project in Iran that it abandoned in 2010. Kyodo news agency quoted an Iranian official as saying that Inpex had started intense talks with the National Iranian Oil Company (NIOC) to develop the Azadegan oil field in Iran's southwestern oil-rich province of Khouzestan. - 1/5/17

Iran Approves European, Asian Companies For Oil, Gas Projects

- Iran has issued a list of 29 companies from Europe and Asia that have the government's approval to bid for oil- and gas-development projects in the energy-rich country. The Iranian Oil Ministry said on January 3 that the National Iranian Oil Company will soon hold tenders for energy exploration and production, something made possible due to Tehran's signing of a nuclear deal with six world powers in 2015. - 1/3/17

Turkmen Cutoff Of Iran Leaves Dwindling Gas Options For Ashgabat

- It looks like Turkmenistan might be left with just one customer for its natural gas. The National Iranian Gas Company (NIGC) said in a statement on January 1 that Turkmen state company Turkmengaz "suddenly and...in an illogical manner, contrary to the agreement, halted gas deliveries to Iran this morning..." -Bruce Pannier, RFE - 1/2/17

South Korea's Daelim wins major Iran refinery deal

- South Korea's construction giant Daelim Industrial Company says it has won a major deal from Iran to expand a central oil refinery. Daelim announced in a statement as quoted by the media in Seoul that the project involves improving and optimizing facilities at Isfahan Oil Refinery. It added that the value of the deal is $1.9 billion. - 12/29/16

Asia imports of Iranian oil more than doubled

- India and South Korea have raised oil imports from Iran more than four times in a month which saw four major Asian buyers more than double their purchases from a year ago. China, India, South Korea and Japan imported 1.94 million barrels per day (bpd) last month, up 117 percent on a year earlier, government and ship-tracking data cited by Reuters showed. - 12/28/16

Iran Floating Oil Storage Builds Up: Report

- Iran currently has 28.95 million barrels of oil and condensate in floating storage, a rise of 2.1 percent over the past week, the Fars news agency says. Citing shipping data and sources which track tanker movements, the news agency said on Wednesday that 38 tankers with stored oil were parked in sea lanes close to terminals in four Iranian ports. - 12/21/16

Iran Signs Oil Deal With Gazprom Neft

- Iran has signed a preliminary agreement with state-controlled Russian energy giant Gazprom Neft to develop two oil fields. The National Iranian Oil Company and Gazprom signed the memorandum of understanding at a December 13 ceremony in Tehran attended by Russian Energy Minister Aleksandr Novak. - 12/13/16

Iran's President Rohani Says OPEC Cooperation Key To Boosting Oil Prices

- Iranian President Hassan Rohani says cooperation among the Organization of the Petroleum Exporting Countries (OPEC) is key to implementing a deal reached last week to cut production in a bid to boost slumping global prices, Iranian state TV reported. - 12/9/16

Shell Signs Deal To Explore Oil Development In Iran

- Iran and Shell signed a deal on December 7 to explore the development of three of Iran's biggest oil and gas fields, undeterred by U.S. President-elect Donald Trump's vow to undo last year's nuclear deal that enabled Western companies to resume business with Iran. - 12/8/16

How the OPEC Deal Breaks Down for Three Big Producers

- OPEC got what it wanted with Wednesday's agreement to cut oil production: higher prices. But that is a double-edged sword, as those higher prices could lead to a surge in production by U.S. shale producers and others outside the Organization of the Petroleum Exporting Countries. And if those producers exacerbate the supply glut that has plagued the market, it will be much more difficult to reach another deal when this one expires in six months. -Sara Vakhshouri, LobeLog - 12/6/16

OPEC deal: Iran turns the tables on Saudis

- After months of talks and rounds of meetings, the Organization of the Petroleum Exporting Countries (OPEC) finally sealed a deal on November 30 for a production cut, marking a turning point in the organization's history. A deal which everyone believed had very little chance of success, is now done and the organization agreed to cut production by about 1.2 million barrels per day (bpd), or about 4.5 percent of current production, to 32.5 million bpd. -Ebrahim Fallahi - 12/3/16

Oil Prices Surge As OPEC Agrees To First Production Cut Since 2008

- Ministers from the 14 members of the Organization of the Petroleum Exporting Countries (OPEC) have reached agreement to cut their production by 1.2 million barrels a day, in a bid to boost slumping global prices. The November 30 deal by the oil cartel will lower the total output of the cartel to 32.5 million barrels a day beginning in January. - 12/1/16

Iran awards key oil deal to Schlumberger

- Iran says it has signed a memorandum of understanding (MOU) with Schlumberger - the world's largest oil field services company - over the development of several southern oil fields. The MOU was signed between Schlumberger and the National Iranian South Oil Company (NISOC) - 11/27/16

Iranian Oil Ministry Helicopter Crash In Caspian Sea Kills 5

- News reports say an Iranian helicopter based at a Caspian Sea oil platform crashed late on November 26, killing all five people onboard. The helicopter belonged to the Oil Ministry and was carrying an engineer with heart trouble to the hospital when it crashed, the German news agency dpa reported, citing Iranian media. - 11/27/16

Iranian Oil Minister optimistic about OPEC deal

- Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday that it is possible for OPEC members to reach an agreement to stabilize the oil market. "If OPEC reaches an agreement I am quite optimistic that oil prices will rise and this is what global economy demands," Zanganeh was quoted by Shana as saying after meeting Algerian Energy Minister Noureddine Bouterfa in Tehran. - 11/26/16

OPEC moves closer to oil output deal as Iran gets new offer

- OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday. -Reuters - 11/18/16

Russian Delegation Discusses Defense, Energy Deals In Iran

- A delegation from Russia's upper house of parliament has been meeting with senior officials in Tehran for talks aimed at expanding ties in the defense and energy sectors following a nuclear deal with world powers. Federal Council speaker Valentina Matviyenko met separately with Iranian President Hassan Rohani and Foreign Minister Mohammad Javad Zarif on November 14, the final day of the Russian delegation's two-day visit. - 11/15/16

Russian Energy Firm Chiefs To Visit Iran For Talks On Possible Oil Contracts

- Iran's deputy minister of petroleum for international affairs and commerce says a delegation of Russian oil and gas companies will visit the country this week for talks about possible oil contracts. - 11/14/16

Iran's President Rouhani inaugurates three oil fields in Khouzestan

- Iran has launched first phase production at three fields in its oil-rich Khouzestan province, bringing its total crude output closer to pre-sanction levels. Production from Yadavaran, North Yaran and North Azadegan were inaugurated in an official ceremony attended by President Hassan Rouhani. - 11/13/16

Iran needs $200B to develop oil industry: Oil Minister

- Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday that $200 billion investment is required to develop the country's oil industry. "Internal resources are not enough to meet such need, therefore we should attract foreign investment", Zanganeh said in a press conference. - 11/13/16

Iran Signs Major Gas Deal WIth France's Total

- Iran has signed a deal with French energy firm Total to develop a major offshore gas field, Tehran's first major contract with a Western energy firm since the lifting of international sanctions. - 11/8/16

The Tangled Politics Of Caspian Energy

- The Caspian seabed contains some of the largest reserves of oil and natural gas in the world. And if one adds the hydrocarbon wealth present onshore in the Caspian littoral countries -- Azerbaijan, Kazakhstan, Turkmenistan, Iran, and Russia -- the volumes are staggering. - 11/7/16

Iran, the US, and the Persian Gulf

- Despite current tensions, cooperation between Tehran and Washington is possible. -Sina Azodi, Diplomat - 11/7/16

Armenia, Iran Sign Deal To Increase Gas Imports, Power Flows

- Armenia is looking to increase imports of natural gas from neighboring Iran after the two countries signed an agreement earlier this week. Armenia currently imports up to 500 million cubic meters of Iranian gas annually through a pipeline built in 2008. By comparison, Russian gas supplies to the South Caucasus country total around 2 billion cubic meters. - 11/3/16

The billion-dollar gold rush to tap into Iranian oil

- The chase is on for some of the most prized oil and gas assets in the world, following the lifting of sanctions on Iran earlier this year. The historic deal paved the way for the country to rebuild its lost production capacity and fight for market share. -CNBC - 11/3/16

Iran's oil sales to Europe top 700,000 bpd

- Iran exported more than 700,000 barrels per day (bpd) of crude oil to Europe in October, but Asia remained the country's main customer, a senior official says. "Iran's crude oil exports averaged 2.44 million barrels per day in October," director general for international affairs of the National Iranian Oil Company (NIOC) Mohsen Qamsari said in Tehran on Wednesday. - 11/2/16

Iran supports measures aimed at stabilizing oil market: President Rouhani

- Iran's President Hassan Rouhani says the Islamic Republic supports any measures aimed at restoring stability to global oil markets. "Iran supports any measure in line with the stabilization of the oil market, fair prices and equitable quota for the producers," Rouhani said in a meeting with visiting Venezuelan President Nicolas Maduro in Tehran on Saturday. - 10/23/16

French firm Total to invest $2B in Iran's petchem industry

- Iran says it expects the French energy giant Total to invest as much as $2 billion in its petrochemical industry. Adel Salimnejad, the managing director of Iran's Persian Gulf Holding Company, told the domestic media that Total's investment will be made in an olefin project. - 10/22/16

Baku wants Iran to develop power plants in Azerbaijan

- Azerbaijan has called on Iran to expedite the implementation of a plan which envisages the joint construction of power plants by the two countries. Etibar Pirverdiyev, the head of Azerenergy JSC which is the largest electrical power producer in Azerbaijan, said the joint construction of new power plants by Azerbaijan and Iran will enhance energy stability and export potential of Nakhchivan Autonomous Republic. - 10/21/16

Iran says talking to 16 firms over oil projects

- Iran says it is negotiating with 16 international energy companies over investing in the exploration and development of oil and gas projects that it recently put out on tender. Gholam-Reza Manouchehri, the deputy head of National Iranian Oil Company (NIOC) for engineering and development affairs, told reporters that all the projects which were put out on tender earlier this week are feasible even with oil at $40 a barrel. - 10/20/16

Iran Kicks Off Tender To Develop Oil, Gas Projects

- Iran says it will begin taking applications on October 17 for an unspecified number of oil and natural gas projects, as the country hopes to attract foreign investors back to its energy sector after years of sanctions. - 10/16/16

Iran's oil output at 3.6 mb/d: OPEC

- The Organization of the Petroleum Exporting Countries (OPEC) says Iran's oil production has reached a new record high of 3.665 million barrels per day (mb/d). OPEC in a monthly report said it had recorded Iran's new oil production capacity for September. - 10/15/16

Iran Is Stuck With China to Finance Its Oil Dreams

- Amid the snake-infested marshlands on Iran's border with Iraq, the control room monitoring North Azadegan oil field is manned entirely by Chinese technicians. In central Tehran, hundreds of Chinese pour out at noon from the telecommunications company Huawei to its canteen. There are now so many Chinese expatriates here, some say they outnumber all other nationalities combined. -MarcChampion, Bloomberg - 10/14/16

Iran, Germany to cooperate on Zayanderud river restoration

- Deputy energy minister announced that Iran and Germany have reached agreement over saving Zayanderud river. A fresh round of talks between Iran and Germany over water and power industries kicked off in Tehran upon arrival of a delegation of Germany's Federal Ministry of Education and Research headed by State Secretary Georg Schutte and attended by President of German Research Foundation Peter Hrsg V Strohschneider and head of Germany's Max Planck Society Martin Stratmann. - 10/10/16

Iran Agrees On New Model Energy Contract, Hopes To Boost Foreign Investment

- Iran's state oil producer, National Iranian Oil Co. (NIOC), has signed a new model investment contract with an Iranian firm. The contract with the Persia Oil and Gas Industry Development Company is seen as a template for contracts that Tehran hopes will attract foreign investors back to Iran's oil and natural gas sectors and boost production after years of economic sanctions. - 10/5/16

Iran's oil exports hit pre-sanctions high

- Reports say Iran has already been able to increase its oil exports to levels that existed before sanctions were imposed on the country in 2011. Reuters in a report on Monday quoted unnamed oil market sources as saying that Iran's total crude oil and condensate sales likely reached around 2.8 million barrels per day (bpd) in September. - 10/4/16

Oil firms present proposals for Iran projects

- Iran's media say the country has received the first wave of proposals by major international companies to develop oil and gas projects within the new format of oil contracts recently approved by the administration of President Hassan Rouhani. - 10/3/16

Iran-Europe nuclear cooperation growing: Atomic Organization Chief

- Iran's nuclear chief says cooperation with Europe in the area of nuclear technology is on the rise, more than a year after a landmark nuclear deal was inked between Tehran and six world powers. Head of the Atomic Energy Organization of Iran Ali Akbar Salehi made the remarks after visiting a nuclear hospital in Vienna, Austria, on Thursday. - 9/30/16

OPEC Agreement Overcomes Saudi-Iran Rift, Spurs Rally On Global Markets

- OPEC's agreement to mend an internal rift between Saudi Arabia and Iran and curb production surprised global markets and sparked powerful rallies from Wall Street to Hong Kong. Oil analysts said the deal was a major breakthrough as it included a major concession by Saudi Arabia to let Iran keep increasing its production to levels that prevailed before international sanctions. - 9/29/16

Oil Prices Plunge As Saudi-Iran Split On Output Freeze Resurfaces

- Oil prices plunged anew as signs of discord reemerged between Iran and Saudi Arabia over an oil production freeze being pushed by the Saudis and Russia. At a meeting of the OPEC oil cartel in Algeria on September 27, Iran rejected an offer by the Saudis to cut their oil production if Tehran agreed to freeze its output at its current level of 3.6 million barrels a day, OPEC officials said. - 9/28/16

Iran's gas exports up 3.4% in first half of 2016

- Iran's gas exports reached near 4 billion cubic meters in the first six months of the current Iranian calendar year (March 20-September 21), registering a 3.4 percent rise compared to the same period in the preceding year, Shana quoted a gas official as saying on Tuesday. - 9/28/16

Saudis offer oil production cut deal if Iran freezes output

- Saudi Arabia has reportedly announced that it is ready to reduce its oil production provided that Iran agrees to cap its own output over the remaining months to the end of 2016. Reuters has quoted unnamed sources as saying that the Saudi offer, which is yet to be accepted or rejected, was presented to Tehran earlier this month. - 9/24/16

Iran parliament endorses new oil contract

- Iran's parliament has given the go-ahead to the government to put a new oil contract model into effect, the Ministry of Petroleum's Shana news agency reported on Saturday. The new formula, which has drawn criticism from some politicians and experts, was reviewed by a parliamentary panel but not voted by lawmakers. - 9/17/16

UK blocks Iran's gas revenues over sanctions

- The National Iranian Oil Company (NIOC) says Britain has blocked the revenues it has been paid from selling the natural gas of a field it jointly owns with BP in the North Sea. - 9/15/16

4 injured as fire breaks out at petrochemical plant in southern Iran

- Fire has erupted at a petrochemical plant in the southern Iranian province of Bushehr, injuring four people, one of whom is in critical condition. The blaze engulfed the pressure control station at a facility belonging to the Mobin Petrochemical Co. at around 11:00 local time in the province's Asaluyeh County on Wednesday. The incident came in the wake of at least three fires at petrochemical and oil installations in recent months. - 9/14/16

Iran studying Europe gas export plans

- Alireza Kameli, the managing director of the National Iranian Gas Export Company (NIGEC), says Iran is studying various options for exports of natural gas to Europe thus again reviving an ambitious plan that had been previously shelved due to sanctions as well as technical problems. - 9/12/16

Iran, China finalize deal on $1.2b refinery project

- China's Sinopec and Iran's Oil Ministry have finalized an agreement regarding the development project of Iran's Abadan refinery, Mehr news agency reported on Saturday. Based on the report, according to Iranian Deputy Oil Minister for Refining and Distribution of Oil Products Abbas Kazemi, the first phase of the $1.2 billion project will start in the near future. - 9/12/16

Iran breaks ground on two nuclear power plants to be built with Russian help

- "According to the timetable envisaged, the first and second units will be constructed respectively over 108 and 126 months with the cooperation of Russia's State Atomic Energy Corporation (Rosatom)," Iranian nuclear chief Ali Akbar Salehi said while attending a groundbreaking ceremony to mark the launch of construction of the two new nuclear power plants. - 9/11/16

Iranian Minister Says Tehran Backs OPEC Moves Toward Stability

- Iran's oil minister says Tehran would support any decision by OPEC that would add stability to the international oil market. Bijan Namdar Zangeneh made his comments on September 6 after talks in Tehran with OPEC head Mohammad Sanusi Barkindo, Iranian state TV reported. - 9/7/16

Russian President Putin urges compromise on Iran oil production

- Russian President Vladimir Putin has said a potential oil output freeze deal among oil-exporting countries should involve some compromise on Iran's production levels. "I think that from the point of view of economic expediency and logic, it would be right to find some sort of compromise" on the Iranian output level, Putin told Bloomberg. - 9/2/16

Iran to start building two new nuclear plants on September 10: Salehi

- Head of the Atomic Energy Organization of Iran (AEOI) says the Islamic Republic will begin the construction of two nuclear power plants in cooperation with Russia within the next few days. "Operations to build two new nuclear power plants in Bushehr will start on September 10," Ali Akbar Salehi said late Wednesday, adding that it will take 10 years for the power plants to be completed. - 9/1/16

India firm raises Iran oil imports, pays over $500M of debt

- Iran's crude sales to Indian Oil Corp. (IOC) has risen four folds, reflecting the country's success in raising exports in order to claw back its market share after the lifting of sanctions. - 8/31/16

Iran draws closer to OPEC's number 2 position

- Minister of Petroleum Bijan Zangeneh says Iran's oil exports have risen to 2.1 million barrels per day (bpd), bringing the country closer to its former position as the second biggest OPEC producer. "Our crude oil and condensate exports have now reached 2.5 million barrels per day and crude oil (exports) have solely hit 2.1 million barrels per day," Zangeneh told the state television on Monday night. - 8/30/16

Iran, Russia ink oil rig deal worth $1 billion

- Iran's Tasdid Offshore and Onshore Development Company and Russia's OJSC Krasnye Barrikady Shipyard signed a deal worth $1 billion to cooperate in building jack-up rigs in Iran, Tasnim news agency reported on Saturday. - 8/29/16

Iran Confirms It Will Join OPEC Talks To Support Oil Prices

- Iranian Oil Minister Bijan Zanganeh confirmed that Iran will take part in an OPEC meeting next month in Algeria to discuss ways to support global oil prices. Zanganeh's remarks to the ministry's Shana news service on August 25 helped spur a jump in oil prices, with premium crude rising 62 cents to $49.67 a barrel in London trading. - 8/26/16

Iran softens to oil production freeze?

- Iran has been ramping up output since the lifting of sanctions in January to reclaim its lost market share, dismissing demands to join the freeze initiative. On Tuesday, Reuters cited unnamed sources as saying that Iran was sending "positive signals" that it might get behind the push to curb production. - 8/24/16

NIOC, Chinese CNPCI sign new deal on southern Iranian oil field

- Chinese CNPCI has been given a chance to participate Masjed Soleiman oil field recovery rate for the second time after an aborted deal in 2011. - 8/23/16

Iran to award two key oil deals to China

- Gholam-Reza Manouchehri, the deputy director for engineering and development affairs of the National Iranian Oil Company (NIOC), has been quoted by the media as saying that China's CNPC will be awarded the development of the second phase of North Azadegan project. Manouchehri added that the second company - Sinopec - will be awarded the development of the second phase of Yadavaran project. - 8/22/16

Iran pitches huge gas reserves for Asia markets

- Iran is pitching its massive gas sector for trade with Asia where it sees a better market for exports than Europe. "Gas prices are more attractive in East Asia than in Europe," Deputy Petroleum Minister for trade and international affairs Amir-Hossein Zamaninia has said. - 8/21/16

Iran to attract $30B for power projects

- Iran's Energy Minister Hamid Chitchian says the country has devised serious plans to overhaul its power industry within the next five years, adding that those plans need a collective investment of $30 billion to be materialized. - 8/12/16



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