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Iran's Oil Exports to India Up by 37.5% in January
Media reports said on Thursday that Iran's crude exports to India have increased to 550,000 barrels a day in January which shows a 37.5% growth compared with the same period last year. - 2/9/12
Iran starts oil production at Yadavaran field
The field is projected to produce 30,000 barrels of crude per day. The oilfield is estimated to hold around 12 billion barrels of in-situ crude oil, some 12.5 trillion cubic feet of associated gases, as well as nearly 1.9 billion barrels of condensates. - 2/7/12
Iran ready to complete gas pipeline to Pakistan ahead of schedule
Iran is ready to complete and inaugurate the proposed Iran-Pakistan gas pipeline project ahead of the due date, the vice president for international affairs said in Islamabad today. - 2/7/12
Iran's Gasoline Imports Decline as Nation Adapts to Sanctions
Iran has adapted to tightened sanctions by decreasing its dependence on imported refined petroleum products, as the U.S. stepped up penalties on foreign firms involved in Iran's energy industry, according to two reports released today by the U.S. Government Accountability Office. -Bloomberg - 2/5/12
Iran to stop oil exports to some European countries
Iran's Oil Minister announced today that Iran will "definitely" halt the sale of crude to a number of European countries. He did not, however, identify any specific countries. - 2/4/12
China refuses to join the sanctions bandwagon
China has announced once more that it will not join with the West in imposing sanctions on Iran, emphasizing that talks and cooperation are the only correct and effective path to resolving nuclear disputes with the Islamic Republic. - 2/4/12
Scrappage scheme, subsidy cuts slash gasoline consumption in Iran
A scheme launched in 2005 to dispose of old and inefficient vehicles has contributed to the reduction of gasoline consumption in Iran by around 3.4 million liters per day, an official with the Fuel and Transportation Management Organization said. - 2/3/12
Asians Resist Notion Of Iran Oil Cuts
Several Asian countries are expressing an unwillingness to join the United States and Europe Union in blocking oil imports from Iran in order to pressure Tehran over its disputed nuclear program. - 1/31/12
Iran's gasoline consumption cuts by 833m liters
Gasoline consumption in Iran stood at around 18.2 billion liters in the first ten months of the current calendar year, started on March 21, 2011, showing 833 million liters decline compared to the figure for the same period last year, Shana news agency reported. - 1/31/12
India says won't cut Iranian oil imports
India Finance Minister Pranab Mukherjee announced on Sunday that his country will not take steps to cut petroleum imports from Iran despite U.S. and European sanctions against Tehran, the First Post reported. - 1/30/12
Iran will soon cut oil to certain EU countries: Oil Minister
Oil Minister Rostam Qasemi has announced that Iran will cut oil exports to certain European countries in the near future in response to the recent oil embargo on the country. - 1/30/12
South Korean President Seeks Alternatives to Iranian Crude
South Korea's president is to visit Saudi Arabia and two other Persian Gulf oil producers in an attempt to secure stable sources of energy. The trip will come as Seoul is considering reducing imports from Iran in line with U.S.-led sanctions. -Steve Herman, VOA - 1/30/12
Iran Vote Delayed On Bill To Cut EU Oil Deliveries
Iranian lawmakers have delayed taking action on a proposed bill to immediately cut oil deliveries to Europe in retaliation for an EU oil embargo. - 1/29/12
Iran expects $57 billion oil revenues next year
Iran's oil revenues will total $57 billion for the next calendar year, starting March 20, if the average price per barrel trades at $85, as the upcoming budget bill is expected to forecast. - 1/29/12
Arab Gulf States Urged to Increase Pipelines After Iran's Oil Threats
As Iranian threats to close the Strait of Hormuz intensify, some energy experts are calling on Arab Gulf states to find alternative ways to export their petroleum. Experts differ, however, on whether proposed pipelines are economically feasible or whether Iran will follow through with its threats. - 1/28/12
Iran to provide ethanol fuel soon
Iran plans to supply ethanol fuel by the end of Iranian calendar year, March 20, after providing the Euro 4 fuel. Iranian officials noted the use of ethanol fuel would be tested by the end of calendar year in the Iranian southwestern city of Khuzestan. - 1/25/12
Iran Threat to Close Strait Could Hurt Economic Recovery
The international community is bracing for the possibility that Iran might attempt to close an important oil shipping lane in response to the European Union's new ban on the purchase of Iranian oil. The oil embargo is part of a wider range of economic sanctions aimed at forcing Iran to be more open about its nuclear program. -Mil Arcega, VOA - 1/24/12
Australia To Follow EU Lead On Iran Sanctions
Australia will follow the European Union and ban oil imports from Iran, Foreign Minister Kevin Rudd has announced during a visit to London. - 1/24/12
EU Ministers Adopt Iran Oil Embargo
European Union foreign ministers have agreed to ban the import of Iranian oil as part of sanctions designed to pressure Iran to end its alleged pursuit of nuclear weapons. - 1/23/12
With EU On Board With Iran Oil Sanctions, Western Eyes Turn To Asia
The 510,000 barrels per day (bpd) of oil that the EU imports from Iran represent less than one-fifth of the more than 2.6 million bpd Iran ships out daily. Still, what the West hopes is that the EU's example will create pressure for Asia's energy-hungry economic giants to follow suit. -Charles Recknagel, RFE - 1/23/12
China's crude oil imports from Iran up: Report
China's crude oil imports from Iran have amounted to 28 million tons in 2011, which marks a 30-percent growth compared to the same period last year. - 1/23/12
EU Set To Widen Iran Sanctions
The European Union is set to widen its sanctions against Iran when the club's foreign ministers meet in Brussels on January 23. The 27 member states are expected to agree on an embargo against Iranian oil exports and might even agree to impose some sanctions on the country's central bank. -Rikard Jozwiak, RFE - 1/22/12
Russia says it will block any UN oil embargo on Iran
Kremlin has reaffirmed its opposition to new sanctions targeting Iran's oil exports, warning that Russia would block any possible UN resolution in this regard, RTTNews reported on Tuesday. - 1/18/12
Report: Global Oil Demand Grows More Slowly
The International Energy Agency says a slowing global economy means demand for oil will not grow as much as earlier thought. Falling demand tends to lower prices, but the IEA says rising tensions with Iran might cut oil supplies enough to cause a shortfall and boost prices. - 1/18/12
US Urges South Korea to Reduce Iranian Oil Imports
A senior U.S. diplomat on Tuesday asked South Korea to reduce imports of Iranian crude oil in support of U.S. sanctions that punish Tehran for its nuclear program. The U.S. State Department's adviser for non-proliferation and arms control, Robert Einhorn, also urged Seoul to cut back its business ties with Iran's central bank. - 1/17/12
Iran Criticizes Saudi Comments on Boosting Oil Exports
Iran has criticized Saudi Arabia for saying it could increase its oil output if Western sanctions cut oil exports from Iran. Foreign Minister Ali Akbar Salehi said Tuesday in an interview with Iran's Arabic language al-Alam television channel that such signals are "not friendly." - 1/17/12
OPEC: Europe's Debt Crisis Could Cut 2012 Oil Consumption
The price of oil has risen about 25 percent since September, to about $100 a barrel in New York trading. The price has been pushed higher in the last month as tensions rise because of Iran's threat to block oil tanker traffic through the Persian Gulf in response to the economic sanctions imposed by Western nations seeking to curtail Tehran's nuclear program. - 1/17/12
Giant Asian States To Keep Iran Oil Imports Despite U.S. Pressures
India, China, Turkey, and Pakistan say they will keep buying Iranian oil and see no reason to follow a new round of United States' sanctions against the Islamic Republic. - 1/15/12
China Objects to US Sanctions on Oil Company
China has expressed "strong dissatisfaction" to the U.S. decision to impose sanctions on a state-run oil company that allegedly provided large amounts of gasoline to Iran. - 1/15/12
Report Says Iran Warns Arab Nations Against Increasing Crude Production
Iran's representative to the Organization of Petroleum Exporting Countries is warning his country's Arab neighbors against raising their crude output to replace Iranian oil in the event of Western sanctions. - 1/15/12
Europe Debates Iran Oil Sanctions Amid Debt Crisis
Europe is gearing up for a summit later this month on a new set of sanctions against Iran's oil industry, following a similar move by the United States. Analysts say the EU members who are the worst-hit from the euro debt crisis stand to lose the most from any sanctions. -Henry Ridgwell, VOA - 1/14/12
Report: Iran's Closure of Waterway Would Provoke US Response
The New York Times is quoting unnamed U.S. officials as saying Washington has sent a message to Iran's Supreme Leader, Ayatollah Khamenei, that closing the Strait of Hormuz would provoke a U.S. response. - 1/13/12
Japan Expresses New Caution About Cutting Iranian Oil Imports
Japan's government has backed away from comments by its finance minister about reducing oil imports from Iran in support of U.S. sanctions against the Islamic republic. - 1/13/12
Japan Agrees to Cut Iranian Oil Imports
Japan has promised to reduce Iranian oil imports in support of U.S. sanctions aimed at pressuring Iran to end its controversial nuclear program. - 1/12/12
China Gets Cheaper Iran Oil as U.S. Pays Tab for Hormuz Patrols
As European Union members negotiate an Iranian oil embargo and the U.S. begins work on imposing sanctions to complicate global payments for Iranian oil, Chinese refiners already may be taking advantage of the mounting pressure. China is demanding discounts and better terms on Iranian crude, oil analysts and sanctions advocates said in interviews. -Bloomberg - 1/12/12
Iran achieves cleaner fuel technology
Iranian scientists have achieved the technology of producing higher and cleaner grade fuel by reducing the amount of lead in gasoline through the isomerization process, Press TV reports. - 1/11/12
EU To Hold Meeting On Iran Oil Embargo
European Union governments have agreed to bring forward a meeting of foreign ministers due to decide on an oil embargo on Iran by one week to January 23. - 1/11/12
IAEA Confirms Iran Started Nuclear Work In Bunker
The United Nations nuclear watchdog has confirmed that Iran has started enriching uranium at an underground site and said all atomic material there was under its surveillance. - 1/10/12
Iran plans to connect power grid to Russia
Iran plans to connect its national power electricity grid to Russia by the next calendar year which will end on March 20, 2013, Iran power generation transmission and distribution management company (TAVANIR) managing director stated. - 1/10/12
Iran's Sardar Jangal gas field in Caspian Sea to yield 880,000bpd
The huge gas field, named Sardar Jangal, which has been recently discovered in Iran's territorial waters in the Caspian Sea, has the capacity to produce 880,000 barrels per day (bpd) of crude oil, MP Asadollah Abbasi says. - 1/9/12
Iran's Fordo enrichment facility to come on stream soon
The subterranean Fordo enrichment facility, located near Qom, will start operating in the near future, the director of the Atomic Energy Organization of Iran (AEOI) announced on Saturday. - 1/8/12
Iran can block Strait of Hormuz easily: Navy Commander
Iran has had prominent role in high seas and tested its missiles capabilities in the waters, he told Iranian state TV adding Iran has staged military drills beyond the Strait of Hormuz and some parts of Indian Ocean and that the Strait of Hormuz was a part of the drill's site. - 1/8/12
EU looks at delaying sanctions on Iranian oil
Reuters previously had reported that the EU would formally decide on imposing sanctions on Iranian oil by the end of January. However, reports indicate that a number of EU countries are now pushing for a delay, fearing that rising oil prices would have an adverse effect on their debt-stricken economies. - 1/7/12
Iran, Saudi Arabia sign agreement to develop joint oilfield
Iran and Saudi Arabia have signed a deal to develop the Farzad A gas field, which is shared by the two countries in the Persian Gulf, Iranian Oil Minister Rostam Qasemi announced on Friday. - 1/7/12
Screws tighten on Iran as big buyers shun its oil
Iran faced the prospect of cutbacks in its oil sales to China and Japan as new measures to block Tehran's crude exports over its nuclear program appeared to be driving its economy to the wall. -Reuters - 1/6/12
Italy's Monti Questions Scope, Timing of EU Ban on Iranian Oil
The leader of financially struggling Italy questioned the scope and timing of a possible European Union halt to Iranian oil purchases, raising an obstacle to stiffer sanctions on Iran's nuclear activities. -Bloomberg - 1/5/12
France Presses EU to Toughen Sanctions Against Iran
Mr. Juppe said France will be pushing the European Union to toughen sanctions against Iran on two fronts, freezing the assets of Iran's central bank and imposing an embargo on Iranian oil exports. Paris wants the EU to adopt the measures by January 30, when European foreign ministers and heads of state meet in Brussels. - 1/4/12
Iran plans to boost output at joint oilfield with Saudi Arabia
Iran plans to increase production at the Forouzan oilfield, which is shared with Saudi Arabia, by 40 percent by the end of the next calendar year (March 20, 2013), Iran Offshore Oil Company (IOOC) managing director said. - 1/2/12
Iranian Oil Minister Warns New Sanctions Could Push Oil Price To $200 Per Barrel
"There is no doubt that the price of oil will increase drastically and the international markets will have to pay a heavy price," Qassemi told Saturday's edition of a news weekly, Aseman. - 1/1/12
Iran Warns of Tough Reaction to Jet Fuel Boycott
Tehran warned on Saturday that any effort by the western countries to block the supply of jet fuel to Iranian airliners under the guise of unilateral sanctions will be reciprocated seriously. - 12/31/11
Petrol rationing saves Iran $38 billion: Official
Rationing the supply of gasoline since 2008 has prevented Iran from importing 65 billion liters of the product, saving the country some $38 billion, an official with the National Iranian Oil Production and Distribution Company said. - 12/31/11
Iran To Meet Hormuz 'Threats With Threats'
A senior Iranian Revolutionary Guards commander has responded to U.S. warnings over possible Iranian moves in the Strait of Hormuz by suggesting Tehran would counter any "threats" with threats of its own. - 12/29/11
U.S., France Warn Iran On Hormuz Shipping Rights
U.S. and French officials have responded to a threat from Iran to stop oil moving through one of the world's busiest shipping lanes and a particularly key transit route for Mideast oil, the Strait of Hormuz. The statements came after Tehran threatened to stop oil moving through the strategic shipping lane. - 12/29/11
Pakistan to complete the gas pipeline from Iran
Islamabad, Dec 29 -- Shrugging off US pressure, Pakistan has geared up work on bilateral agreement with Iran including Pakistan-Iran gas pipeline, local media said on Thursday. - 12/29/11
Iran: newly-discovered gas field in the Caspian Sea
In a nutshell, while Iran is suffering from international, multilateral and unilateral sanctions, the discovery of joint oil and gas fields only works to benefit the countries neighboring Iran that take advantage of Iran's isolation in the international community. -Bahman Aghai Diba - 12/28/11
Threat to block Strait of Hormuz raises oil prices
Oil prices have pushed past $100 a barrel with Iran threatening to block off the Strait of Hormuz, the major route for transporting oil from Iraq, Kuwait, and Qatar as well as some of the oil from Saudi Arabia and the UAE. - 12/28/11
Iran Oil Minister push for expanding Caspian Sea explorations
Iranian Oil Minister Rostam Qasemi has set a one-month deadline for a number of his deputies to accelerate explorations across the Caspian Sea, especially in Golestan Province. - 12/28/11
Iran Agrees To Supply Fuel To Afghanistan
Tehran says it has reached a deal with Kabul to supply Afghanistan with Iranian fuel oil. - 12/28/11
Iran to invest $571m in Armenia electricity projects
An Iranian private sector consortium will invest $571 million in two projects in Armenia for commissioning the third power transmission line from Armenia to Iran and boosting the Aras River hydroelectric power plant capacity to 1.7 giga watts per year. - 12/27/11
Iran, Afghanistan to sign new oil contract
Iran will boost exports of oil products, such as gas oil, gasoline and jet fuel, to Afghanistan according to a contract which will be signed today in Tehran. - 12/26/11
Iran, Ukraine set to ink $1b oil deal
Ukrainian Inter Naft Gas Prom Pars Company is set to sign a contract, worth around $1 billion, with Iranian Petroleum Engineering and Development Company aiming to develop three heavy crude oilfields in Iran, namely Kooh Mond, Booshgan and Kooh Kaki. - 12/25/11
Iran extends oil deal with Turkey despite sanctions
The National Iranian Oil Company (NIOC) has extended its crude oil deal with Turkey by the end of 2012 despite tightening sanctions against Iran by western countries. - 12/25/11
Iran's Annual Oil Revenues Approaching $110 Billion
Iran will earn up to $110 billion through selling crude oil by the end of the current Iranian calendar year which ends on March 19, 2012, Majlis Economic Committee chairman Gholamreza Mesbahi-Moqaddam told the Pana news agency. - 12/24/11
Iranian firm inks $1.4b deal to build largest NGL plant
An Iranian corporation, Oil Industries Engineering and Construction Company (OIEC), has signed a $1.4 billion contract with the National Iranian Oil Company to build the country's largest natural gas to liquids (NGL) plant. - 12/24/11
Iran envisages $50B investment to explore oil, gas fields in Caspian Sea
Iranian oil ministry has envisaged investing up to $50 billion to explore oil and gas fields in the Caspian Sea, the Mehr news agency quoted a member of parliament as saying on Friday. - 12/23/11
U.S. efforts to cut off Iran's oil exports put Japan in tight spot
The latest U.S. sanctions on Iran's oil exports have put Tokyo in a difficult position, with Japanese diplomats and companies scrambling to secure sufficient energy resources while avoiding penalties for continuing to do business with Tehran. -Japan Times - 12/22/11
Sanctions against Iran could trigger oil price spike
Don't be fooled by the cordial meeting between Saudi and Iranian officials on the sidelines of the recent Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna. While OPEC quickly agreed on 30 million barrels per day without much argument, the meeting belied the great tensions between the two rivals. -FP Investing - 12/22/11
Is Iran legally permitted to close Strait of Hormuz to countries that impose sanctions against Iran's oil?
The Strait of Hormuz is the narrow sea passage that connects the Persian Gulf to the Oman Sea. This is the only sea-passage for the export of oil from the Persian Gulf states. -Bahman Aghai Diba - 12/21/11
1000 MW nuclear power to join Iran national grid by March
1000 megawatts prodiced by the Bushehr nuclear power plant would join Iranian national grid by March 20, said Iranian Energy Minister Majid Namjou. - 12/21/11
Russia's Tatneft denies Iran oil deal
The Russian Tatneft Group has denied reports it has entered an agreement with Iran's Petroleum Engineering and Development Company (PEDC) to develop the Zagheh heavy crude oil field. - 12/20/11
Iran oil embargo to impact Japan most: Report
A report says the Japanese economy would be hardest hit in case sanctions are slapped against the Iranian oil industry over the country's nuclear program. - 12/19/11
Russia's Tatneft inks $700m deal to develop Iran's oilfield
National Iranian Oil Company (NIOC) and Russia's Tatneft signed a deal, worth $700 million, in Tehran on Sunday to develop the Zagheh heavy crude oilfield in southwest Iran. - 12/18/11
Iran's daily gasoline consumption hits 57m liters
Gasoline consumption in the fourth week of the ninth calendar month of Azar (to end December 21) stood at 399.1 million liters, showing 11.7 million liters decrease compared to the week before. - 12/18/11
Iran, Russia Set To Ink $700M Oil Deal
National Iranian Oil Company (NIOC) and Russia's Tatneft are scheduled to sign a deal, worth $700 million, in Tehran on Sunday to develop the Zagheh heavy crude oilfield in southwest Iran. - 12/17/11
Iran to Expand Iraq Power Industry
Iraq's power ministry officials announced that they have endorsed electricity deals with Iran and China to build and expand the country's power plants. - 12/16/11
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