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February 18 2018
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EU ready to negotiate Iran's joining Southern Gas Corridor initiative

- European Commission Vice-President for Energy Union Maros Sefcovic said EU is ready to discuss Iran's joining to the Southern Gas Corridor (SGC) with all partners of the project, IRNA reported on Thursday. The Southern Gas Corridor is an initiative of the European Commission for the natural gas supply from Caspian and Middle Eastern regions to Europe. - 2/17/18

Total CEO: Iran's South Pars gas project 'progressing well' despite Trump's threats

- Total's work on the South Pars gas project is well on track despite US threats of new sanctions on Iran, the French oil and gas group's Chief Executive Patrick Pouyanne says. Pouyanne told Le Monde newspaper on Tuesday that Total was consulting with French and European authorities over protecting its investments in Iran, in case there was a resumption of sanctions. - 2/7/18

Iran 10-month crude output up 165kbd: Oil Minister

- Iranian Minister of Petroleum Bijan Zangeneh says the country's petroleum output has increased by 165,000 b/d in the first 10 months of the current Iranian calendar year which began on March 21 compared to the same period last year. Addressing a press conference here in Tehran on Sunday, the official said Iran's crude exports have also increased by 60,000 b/d in the period year-on-year, Iran's oil ministry website SHANA reported on Sunday. - 2/5/18

Iran wins Energy Globe World Award 2017 in water category

- Iran secured the first place in Energy Globe World Awards 2017 in the category of water here on Tuesday. Beating the other two finalists, the Philippines and Singapore, Iran jointly with Sri Lanka won the event's top prize in the mentioned category. The Energy Globe Award was founded in 1999 by the Austrian energy pioneer Wolfgang Neumann and is one of today's most prestigious environmental awards. - 1/19/18

Huge Oil Spill After Iranian Tanker Sinks In East China Sea

- Chinese ships are racing to clean up a massive oil spill after an Iranian tanker sank in the East China Sea. The Sanchi's crew of 30 Iranians and two Bangladeshis are all believed to have perished in the incident. - 1/16/18

Stricken Iranian Oil Tanker Sinks, 'No Hope' Of Finding Survivors

- A stricken Iranian oil tanker that was burning for more than a week following a collision with a Chinese cargo ship in the East China Sea has sunk after drifting into the waters of Japan's economic exclusion zone. Chinese state television reports that the ship sank shortly after another portion of its cargo "suddenly ignited" at about noon local time on January 14. - 1/14/18

Iran's Vulnerable Energy Supply And The Protests

- Unlike early 2017, when Iran's energy industry started a year full of hope and prospects of potential growth, 2018 has started with different potential risks targeting its energy industry and production growth. Risks abound, particularly the prospect of additional sanctions and domestic instability. -Sara Vakhshouri, LobeLog - 1/10/18

China: Explosion occurs aboard burning Iran oil tanker

- China's Transport Ministry has reported an explosion aboard the Iranian oil tanker that collided with a cargo ship off the Asian country's coast on Saturday. The ministry said in a statement that the explosion occurred at around 13:35 Beijing time on Wednesday after rescue crew tried to spray foam to put out the blaze. - 1/10/18

Iran and the Trans-Caspian Gas Pipeline

- Trans-Caspian Gas Pipeline (TCP) is a project to transport natural gas through a submerged pipeline in the Caspian seabed from Turkmenistan and partly from Kazakhstan to Baku in Azerbaijan and eventually to Europe, circumventing Russia and Iran. Turkmenistan has one of the biggest gas resources in the world, the third biggest after Russia and Iran. -Bahman Aghai Diba - 1/8/18

Iranian Oil Tanker At Risk Of Exploding, 32 Crew Still Missing

- Chinese state media reports that an Iranian oil tanker which caught fire after colliding with a freighter off China's east coast is at risk of exploding and sinking. Personnel from three countries were working on January 8 to find the tanker's 32 missing crew members and contain oil spewing from the blazing wreck. - 1/8/18

Iraq Says Oil Deliveries From Kirkuk To Iran Will Start In January

- Iraq's oil minister says the country will start exporting oil to Iran from its northern Kirkuk oil fields by the end of January. Oil Minister Jabar al-Luaibi said on January 7 that about 30,000 barrels per day will be trucked to Iran's Kermanshah refinery in the first set of shipments. The deliveries are to be made under a swap agreement announced in December by both countries. - 1/7/18

32 missing after Iranian oil tanker collides with Chinese cargo ship

- An Iranian oil tanker heading to South Korea, collided with a Chinese cargo ship off the coast of east China on Saturday due to which the tanker's 32 crew members went missing. The Sanchi tanker, registered in Panama, collided with the CF Crystal some 160 nautical miles off the coast near Shanghai, Reuters reported on Sunday citing the Chinese Ministry of Transportation. - 1/7/18

Fire put out at Iran's Rag-Sefid oilfield, after 59 days

- Fire in the well No. 147 of Rag-Sefid offshore oilfield in Iran's southwestern Khuzestan Province was put out at Tuesday's night, Shana news agency reported. A blowout occurred at Rag-Sefid oilfield on October 29. The accident happened when drilling operation was ongoing in depth of 2,403 meters in the well No. 147 of the field. It burned the drilling rig and killed two persons working for the National Iranian Drilling Company (NIDC). - 12/28/17

Iran's Rag-Sefid oilfield burning since October 29th despite killing operations

- A blowout occurred at Rag-Sefid offshore oilfield in Iran's southwestern Khuzestan province on October 29, 2017. The accident happened when drilling operation was ongoing in depth of 2,403 meters in the well No. 147 of the field. It burned the drilling rig and killed two persons working for the National Iranian Drilling Company (NIDC). One week after the blowout, Iranian Oil Minister Bijan Namdar Zanganeh said that the blaze would be brought under control within one and half month, but the well is still burning after 58 days. - 12/26/17

China eyeing take over of Iran gas project if France's Total pulls out

- Speculations are rising that China's leading oil and gas company CNPC could replace French energy giant Total in a key Iranian natural gas project if any new US sanctions against investments in Iran's economic projects forces it to leave the country. Reuters in an exclusive report said CNPC had already started talks with Iran over a share of 30 percent in the project to develop Phase 11 of Iran's South Pars gas field - the world's biggest independent gas field. - 12/15/17

Iran says supplies to Iraq pushed gas exports up 64 percent

- Iran says its exports of natural gas saw a huge rise over a period of five months starting 21 March 201 in what it says was a result of rising supplies to its western neighbor Iraq. Behzad Babazadeh, the director for international affairs of the National Iranian Gas Company (NIGC), was quoted by the domestic media as saying that the country had exported as much as 50 million cubic meters per day (mcm/d) of gas over the aforementioned period that marks the first five months after the start of the new Iranian calendar year. - 12/13/17

Iran acquires technology to produce nuclear batteries: AEOI advisor

- Iran has acquired the technology to produce nuclear batteries to be used in health and industrial sectors, an advisor to head of the Atomic Energy Organization of Iran (AEOI) says. Asghar Zare'an, who is an advisor to Ali Akbar Salehi, said on Sunday that Iran was the fifth country mastering the technology to produce nuclear batteries after the United States, Russia, France and Britain. - 12/4/17

U.S. firms "main losers" of sanctions: Iran's Oil Minister

- Iranian Oil Minister Bijan Namdar Zanganeh said U.S. energy firms are the main losers from the sanctions placed against his country. Speaking at the 173 OPEC meeting in Vienna on Thursday, Zanganeh called U.S.'s policy confusing and self-defeating, CNBC reported. - 12/2/17

Gas Exporting Countries Blast US Use Of Sanctions As Weapon

- Gas exporting countries have condemned the use of sanctions as a weapon against other nations, in an apparent jab at the United States. The Gas Exporting Countries Forum (GECF), which has 12 members in the likes of Iran, Russia and Qatar, issued a communique at the end of their summit in Bolivia on Friday. - 11/26/17

Iraq in talks to export Kirkuk oil to Iranian refinery

- Iran and Iraq have reportedly started talks over the shipment of crude oil from the fields around Kirkuk to the Kermanshah refinery inside the Iranian territory. Reports quoted Alaa al-Mussawi, the director of Iraq's state-oil marketer State Organization for Marketing of Oil (SOMO), as saying in a statement that the Kermanshah refinery would be supplied with 15,000 barrels per day (bpd) of oil from Kirkuk fields. - 11/8/17

France's Total to comply with any US sanctions on Iran: CEO

- Total says it has opened an office in Washington to coordinate its operations in Iran where the French oil and gas major plans to develop Phase 11 of the giant South Pars gas field. Total was the first Western energy firm to sign a major deal, worth $4.8 billion, with Iran after sanctions were lifted on the Islamic Revolution in 2016 under a nuclear agreement. However, US President Donald Trump's refusal last month to endorse the nuclear agreement with Iran and his threat to levy new sanctions on the country has thrown the future of the deal into doubt. - 11/4/17

Iran starts construction of two new nuclear power plants in Bushehr

- Iran has started the construction of two new nuclear power plants in the southern province of Bushehr in a joint project with Russia's Rosatom energy firm. In an agreement between the senior officials of the Atomic Energy Organization of Iran (AEOI) and Rosatom, phases two and three of Iran's Bushehr nuclear power plant will begin supplying electricity to Iran's power grid in 10 years. - 11/2/17

United States blocks Iran from fusion megaproject

- The Iran nuclear deal was meant to usher in a new era of science cooperation between the Islamic republic and other parties to the landmark agreement, which deters the country from pursuing nuclear weapons in exchange for sanctions relief. But nearly 2 years after implementation began, few projects are underway. And Science has learned that the United States has frozen Iran out of a collaboration that the deal expressly brokered: ITER, the multibillion-dollar fusion experiment in France.-Richard Stone, Science Magazine - 11/2/17

Iran Rejects Turkmen Proposal For Gas Shipments To Turkey

- Energy politics around the Caspian Sea breeds complications, as a recent example involving Turkmenistan, Iran, Turkey, Azerbaijan, and Armenia reminds us. Turkmenistan is in a serious bind. The country has the fourth-largest natural gas reserves in the world but currently has only one customer -- China -- at a time when Turkmenistan's economy appears to be spiraling downward. -Bruce Pannier, RFE/RL - 10/31/17

Russia looking into piping gas from Iran to Pakistan, India

- Russia says it is studying a plan to export natural gas to Pakistan and India through Iran in ambitious project that would involve laying an offshore pipeline. Pakistan's Express Tribune newspaper in a report said Russia was proceeding with the project out of concerns that it could lose Europe's gas market as a result of disputes with the United States and the European Union. - 10/31/17

Several killed in Tehran Refinery tower fire

- At least six people died and several wounded in a fire accident at Tehran Refinery south of the Iranian capital. The incident occurred when a group of engineers and technicians who were providing overhaul operations were caught in a blaze at the top of a distillation tower. - 10/28/17

Iran's oil exports to China up 59 percent in September

- The latest market figures show that Iran's exports of crude oil to China in September saw a whopping increase of 59 percent compared to the same period last year. Figures released by Reuters showed that Iran exported as much as 3.22 million tonnes - or 784,000 barrels per day (bpd) - to Asia's largest and world's second top consumer last month. - 10/25/17

Iran says markets unfazed by Trump's threats

- Iran's Petroleum Minister Bijan Zanganeh says global oil markets have remained unfazed by the recent positions of US President Donald Trump against Iran's nuclear deal which the United States and five other states sealed in 2015. - 10/23/17

Warming Uzbek-Iranian Relations Worth Watching

- A recent meeting of officials from Uzbekistan and Iran was a curious event. Central Asia has seen a reshuffling of relations over the past couple years, and improved relations between Tashkent and Tehran is one of the more intriguing developments. -Bruce Pannier - 10/20/17

Total CEO says to move ahead with key Iran project

- French oil and gas major Total says it will try to push ahead with an Iranian gas project if the US decides to impose unilateral sanctions on the Islamic Republic. The announcement was made by Total Chief Executive Officer Patrick Pouyanne in an interview with International Oil Daily. - 10/19/17

Iranian Minister Says Ready To Do Business With U.S. Oil Companies

- Iran is ready to do business with American oil companies even though the United States still prohibits them from operating in the country, Oil Minister Bijan Zanganeh has said. "American companies can come to Iran and benefit so [U.S. President Donald Trump] won't be upset," Zanganeh said, according to SHANA, the news site of the Iranian Oil Ministry. - 10/18/17

Norway Defies Trump, Enters 4-Billion-Dollar Deal With Iran

- Norwegian solar company Saga Energy has signed a $4-billion investment deal with Iran just days after US President Donald Trump calls for isolating Tehran. "Norway is fully committed to the JCPOA (Joint Comprehensive Plan of Action) and this is proof that we have taken the opening very seriously, and we will see more investment very soon," AFP quoted Norway's Ambassador to Tehran Lars Nordrum on Tuesday. - 10/18/17

Iran's Gas Exports: Potentials and Challenges

- Although Iran ranks first in the world in terms of natural gas reserves - according to the BP Statistical Review of World Energy, the country holds around 18 percent of total proven natural gas reserves globally-, when it comes to exports, it has a long way to the top of the list of gas exporting countries. - 10/12/17

Iran, Russia sign Caspian oil exploration deals

- Iran has signed two agreements with Russia's Lukoil to jointly look for hydrocarbon reserves in the southern parts of the Caspian Sea - a groundbreaking move that could have significant economic as well as political outcomes for both Tehran and Moscow. - 10/4/17

Total preparing to do Russia-style Iran funding

- Total has indicated that it plans to use the same solutions it employs for doing business in Russia under US sanctions, for a key gas project in Iran in case Washington reimposes sanctions against the country. Total Chief Executive Officer Patrick Pouyanne told The Financial Times that his company had successfully used an alternative basket of foreign currencies in providing funds for the development of a key gas project in Russia which faces US financial restrictions. - 10/3/17

Indians push for undersea gas pipeline from Iran

- With a $7 billion project to pump gas from Iran discarded, a 1,300 km undersea pipeline is finding new proponents in India where they say natural gas from the Persian Gulf can reach at rates less than the price of LNG available in the spot market. The Associated Chambers of Commerce of India (Assocham India) has released the results of its study on "a trans-national deep water gas pipeline from Iran, passing through Oman but by-passing Pakistan," it said. - 9/6/17

Iran Says European Giants Bidding For Development Of Azadegan Oil Field

- Iran says a host of European giants are bidding for the development of its South Azadegan oil field - which was once considered as the world's biggest oil find after it was discovered over 15 years ago. Nouroddin Shahnazizadeh, the managing director of the Petroleum Development and Engineering Company of Iran, told the domestic media that the leading European bidders for the project include Total (France), Shell (UK/Hollande), Eni (Italy), Wintershall (Germany), Rosneft (Russia), OMV (Austria) and Maersk (Denmark). - 8/30/17

Iran, Russia, Turkey mark a new turn with $7B drilling deal

- Turkey's Unit International which signed a drilling deal last week with Russia's state-owned Zarubezhneft and Iran's Ghadir Investment Holding says the contract is worth $7 billion. The drilling in Iran will take place at three oil fields estimated to hold 10 billion barrels of reserves and produce 100,000 barrels per day and a large natural gas field with a production capacity of 75 billion cubic meters per day. - 8/16/17

India cuts Iran oil imports amid Farzad gas field row

- India is making good on its promise to cut crude oil imports from Iran amid the two countries' spat over the development of a gas field in the Persian Gulf. According to new data released on Wednesday, India's purchases of Iranian crude fell 16.3 percent in July from a month ago to 414,900 barrels per day (bpd). - 8/9/17

Iran's oil exports to China to reach record levels

- Speculations are rising that Iran's oil exports to China would rise to the highest levels over the past 11 months in August. Reuters in a report highlighted speculations that the rise in Iran's exports to China would follow a recent decision by the Islamic Republic to cut the prices for its heavy crude oil. - 8/4/17

New pipeline cuts Iran's reliance on Turkmenistan's gas

- Iran has inaugurated a gas pipeline which officials say will dispense with supplies from neighboring Turkmenistan to northern Iranian provinces, especially in the winter when demand spirals out of control. The Damghan-Neka pipeline, the last segment of a trunkline which feeds gas from Iran's giant South Pars field in the Persian Gulf to the Mazandaran province in the Caspian Sea, was inaugurated by Minister of Petroleum Bijan Zangeneh on Tuesday. - 8/3/17

Russia's Gazprom, Iran's OIEC sign deal over oil fields

- Russia's Gazprom has signed a cooperation agreement with an Iranian company over the development of two major oil fields in western Iran. The agreement was signed with the Oil Industries' Engineering and Construction (OIEC), Iran's IRNA news agency reported. - 8/1/17

Iran, Iraq reach deal over Kirkuk pipeline

- Iran says it has reached an agreement with Iraq to construct a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran. The announcement was made by Iran's Petroleum Minister Bijan Zanganeh after a meeting with his visiting Iraqi counterpart Jabbar al-Luaibi. - 7/31/17

Russians set record with Iran oil deals

- The National Iranian South Oil Company (NISOC) and Russia's Zarubezhneft have signed a memorandum of understanding to develop two oil fields in southwest Iran. The agreement signed in Tehran Monday allows the state-run Russian company to conduct technical surveys on Shadegan and Rag Sefid fields in Khuzestan Province. - 7/18/17

Japanese, Korean firms to fund "Octopus of the Persian Gulf"

- A consortium of South Korean and Japanese companies has signed agreements to fund and implement a chain of condensate refining projects in southern Iran - a project known as the Octopus of the Persian Gulf. The agreements were signed between South Korea's Daelim and Hyundai as well as Japan's Chioda - all partners in the project to construct Siraf refineries in Iran's southern province of Bushehr. - 7/14/17

Iran, EU start first ever joint project on nuclear safety

- Iran and the European Union have launched their first joint project aimed at strengthening bilateral nuclear safety cooperation on the eve of the second anniversary of Tehran's nuclear deal with six world powers. - 7/13/17

International firms negotiate $200B of oil deals in Iran

- Asian and European companies are negotiating participation in Iran's oil and gas development projects which need $200 billion worth of investment, according to Minister of Petroleum Bijan Zangeneh. Iran looks to absorb 65% to 70% of this sum from abroad, the minister told Iran's Parliament where he was Tuesday to answer questions about a $5 billion gas deal signed with French giant Total earlier this month. - 7/12/17

Iran Plans First Oil-And-Gas Tenders After Sanctions Easing

- The Iranian government is planning to announce tenders for the exploration of 14 oil-and-gas blocks over the next three months, a top executive at Iran's NIOC state oil company has said. NIOC Deputy Director Rahim Nematollahi told Reuters in Istanbul on July 10 that the tenders would be offered for joint exploration together with NIOC. - 7/10/17

France's Total seeks long-term coop. with Iran: CEO

- Total plans to boost long-term cooperation with Iran in the fields of gas, oil and petrochemicals, the French energy giant CEO Patrick Pouyanne said in a meeting with President Rouhani in Tehran on Monday. The meeting followed the signing ceremony of a $4.5B development deal with France's Total for investment in Phase 11 of South Pars - the world's largest gas field - as envisaged in the new model of oil contracts, dubbed as the Iran Petroleum Contract (IPC). - 7/4/17

France's Total seals Iran's biggest gas deal in years

- French energy giant Total signed a multi-billion-dollar gas deal with Iran, the first by a foreign firm in more than a decade. Total's CEO Patrick Pouyanne and Iranian Oil Minister Bijan Namadar Zanganeh signed the 20-year deal, which would eventually see the consortium pour $4.8 billion into the project. - 7/3/17

Iran blames high US output for falling oil prices

- Iran has blamed a recent rise in US oil production for the plunge in global prices of crude oil. Iran's Petroleum Minister Bijan Zanganeh told reporters on Wednesday that the US had increased its oil production by 900,000 barrels per day. This, he said, was way beyond what the Organization of the Petroleum Exporting Countries (OPEC) had estimated. - 6/25/17

Iran Begins Pipeline Gas Exports To Iraq After Years Of Delay

- Iran has begun exporting natural gas to neighboring Iraq after several years of delays, Iranian state media report. The semiofficial Fars news agency on June 22 said the exports began late the previous day through a pipeline to Baghdad. - 6/23/17

Iran still world's biggest natural gas player

- A new report shows Iran still has the world's largest reserves of natural gas and is closely followed by market rivals Russia and then Qatar. The global energy giant British Petroleum (BP) in its annual report on world energy reserves put Iran's natural gas reserves at 33.5 trillion cubic meters (tcm). - 6/17/17

Iran oil exports to West return to pre-sanction levels: Ground lost to Saudis reclaimed

- Iran's hard-fought mission to recoup its oil market share in the West is almost complete after exports in May came within a whisker of pre-sanction levels. Exports to Europe in the month surged to their highest level since the lifting of sanctions in early 2016 to 1.1 million barrels per day (bpd), Reuters news agency reported, citing sources familiar with Iran's oil exports. - 6/10/17

Iran signs deal with Gazprom over Farzad B gas field: Oil Minister

- Iran says it has signed a basic agreement with Russia's energy giant Gazprom over the development of Farzad B gas field - a project which the country has for long been negotiating with an Indian consortium. The announcement over Farzad B agreement was made by Iran's Petroleum Minister Bijan Zanganeh. - 6/1/17

Sardar-e Jangal gas field in Caspian Sea could bring Iran high-tech

- Caspian Sea, the world's largest inland body of water, was mainly a center of fishing activities and also a marine transportation hub by the middle of the past century. But discovery of the first oil and gas reserves in the world's largest lake in the late 1940s added to its strategic and geopolitical significance. -Mahnaz Abdi - 5/31/17

UAE pays Iran over $4B in gas dues

- Reports say Iran has received over $4 billion from the United Arab Emirates (UAE) for purchases of gas condensate made before sanctions were imposed against Iran in 2011. The payments have been made by Emirates National Oil Company (ENOC), reported Al Jazeera on its website. - 5/31/17

Iran, Russia seal oil-for-goods barter deal: Report

- Iran has reportedly signed an agreement with Russia under which it will sell crude oil to Russia in exchange for products. The announcement was made by Iran's Oil Minister Bijan Zanganeh, as reported by Russia's RIA and TASS news agencies. - 5/27/17

Iran discovers new gas field in Persian Gulf

- Iran says it has discovered a new gas field close to the giant South Pars natural gas field which it jointly shares with Qatar. Local media have quoted an unnamed official at the National Iranian Oil Company (NIOC) as saying that the field - named Sepand - holds 1.5 trillion cubic feet of sweet gas of which about 792 billion cubic feet is recoverable. - 5/24/17

Europeans see huge potential in Iran's energy market

- European exhibitors participating in the 22nd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2017) believe that there is huge potential for business in Iran's oil, gas and petrochemical sectors. The exhibition, which was held at the Tehran Permanent International Fairgrounds from May 6 to 9, hosted some 2500 domestic companies and 1500 foreign participants from 37 countries including Germany, France, Spain, Britain, Italy, Austria, the Netherlands, China, South Korea, Australia, the U.S. and Canada. - 5/11/17

Pall Corporation first US tech firm to invest in Iran in years

- An Iranian company says a top American technology leader plans to invest in an Iranian oil equipment production project - what could be the first direct investment by a US oil company in Iran after the 1979 Islamic Revolution. Speaking at a press conference at Iran's Oil Show, Neda Mousavizadegan, the managing director of Iran's Panid Engineering, named the US company as Pall Corporation. - 5/10/17

Iran starts exports from South Pars oil layer

- Iran exported the first cargo of crude oil to the tune of 700,000 barrels from the South Pars oil layer last week. Hamid Bovard, the managing director of Iranian Offshore Oil Company (IOOC), made the remarks in a press conference on the sidelines of Iran Oil Show 2017 in Tehran. - 5/9/17

Iran hosts nuclear safety forum in Isfahan

- Iran's central city of Isfahan is hosting the 24th annual meeting of the Forum of the State Nuclear Safety Authorities of the Countries Operating WWER Type Reactors, the Atomic Energy Organization of Iran (AEOI) reported. - 5/3/17

37 countries to participate in Iran Oil Show 2017 held May 6-9 in Tehran

- According to Shana news agency, in this year's exhibition 1016 domestic companies and 811 foreign exhibitors from different countries including China, Germany, Italy, The Netherlands, France, Britain, U.S. and Canada are going to showcase their latest products and achievements in oil, gas, refining and petrochemical sectors. - 5/2/17

Iran's Kharg Terminal dispatches 780 million crude barrels in one year

- Head of Iran Oil Terminals Company's (IOTC) Export Department Gholamhossein Gerami said over 230 million barrels of light crude oil, 480 million barrels of heavy crude and about 70 million barrels of blazing oil were exported from the Iranian terminal in the previous year. - 4/25/17

EU, Iran sign nuclear safety deal with another deal expected in coming weeks

- Iran and the European Commission have signed a 2.5-million Euro project for nuclear safety cooperation, the first ever under the framework of a 2015 international nuclear deal, saying that a second one will be finalized in the coming weeks, the EU official website said on April 18. -Ali Kushki, Tehran Times - 4/19/17

Iran's President Rouhani inaugurates mega gas projects in Persian Gulf

- Iran has officially inaugurated several mega projects in its natural gas hub of South Pars - projects that can put the country in the lead over production from a giant field that it shares with Qatar. The projects included South Pars Phases 17 and 18, Phase 19, as well as Phases 21 and 22. They were inaugurated by Iran's President Hassan Rouhani. - 4/16/17

President Rouhani unveils Iran's new nuclear achievements

- President Hassan Rouhani has unveiled two major nuclear achievements on the occasion of the 11th anniversary of Iran's National Nuclear Technology Day. The Iranian chief executive lifted the curtain off the accomplishments made by the Atomic Energy Organization of Iran, namely a stone centrifuge, and high-temperature condensate pump. - 4/9/17

BP says got US license to operate Rhum gas field jointly owned with Iran

- UK's energy giant BP says it has received an authorization from the United States to go ahead with operating a gas field that it jointly owns in the North Sea with the National Iranian Oil Company (NIOC). BP announced in a statement that it had obtained the authorization for the operation of Rhum gas field from the Office of Foreign Asset Control (OFAC) of the US Treasury Department last September. - 4/7/17

Iran has sold all oil stored at sea: Report

- Oil market sources say Iran has sold all the oil it had stored at sea for years - a sign of the country's positive performance in marketing its vital crude oil supplies. Reuters in a report quoted tanker tracking and oil sources as saying that Iran had sold its last stocks from the floating storage in the past two weeks. Much of the oil stored was condensate, a very light grade of crude, it added. - 4/6/17

Total developing own Iran banking channels

- French energy giant Total says it is trying to develop its own mechanism to carry out Iran-related banking transactions without falling afoul of US primary sanctions that still restrict doing financial activities with the Islamic Republic. - 4/1/17

Iran: Oil exports near record 3 million bpd

- Iran's total exports of crude oil and gas condensate by Iran neared a record 3 million barrels per day (bpd) in the Persian month of Esfand which ended on March 20, Minister of Petroleum Bijan Zangeneh says. - 4/1/17

Iran, Russia eyeing joint gas projects

- Iran says it is negotiating with Russia to carry out joint natural gas development projects. Hamid-Reza Araqi, the managing director of the National Iranian Gas Company (NIGC), was quoted by media as saying that negotiations to the same effect had been held between the National Iranian Oil Company (NIOC) and Russia's Gazprom. - 3/25/17

Hyundai wins major gas processing deal in Iran

- South Korea's industrial giant Hyundai has won a contract worth 3 billion Euros to develop a key gas processing unit which is primarily planned to produce natural gas liquids (NGL) from natural gas in southern Iran. - 3/14/17

Iran's Bushehr Nuclear Power Plant Generates 6.2b KWh Energy

- Around 6.2 billion kWh of energy has been delivered to the country's power grid, executive office of Bushehr Nuclear Power Plant Operation Co. reported to Iran's nuclear chief on Sunday. Head of the Atomic Energy Organization of Iran Ali Akbar Salehi paid a visit to Bushehr Nuclear Power Plant on Sunday where he monitored various stages of fuel change, semi-major overhauls, as well as activities related to objectives of the plant's units 2 and 3. - 3/3/17



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