Iran, India agree on bartering oil for textiles

- India is looking to broaden its range of exports to Iran to help balance bilateral trade under an agreement that allows the countries to bypass Western sanctions, Indian industry and government officials said. - 5/24/13

Turkey, Egypt agree to Iran proposed petrochemical OPEC

- National Iranian Petrochemical Organization (NIPO) says Turkey and Egypt have agreed with Iran's proposal to form an international petrochemical association similar to the Organization of Petroleum Exporting Countries (OPEC). - 5/20/13

Turkey to transit 2bcm of Iranian gas to Europe

- Turkey will to transit 2 billion cubic meters of Iranian gas annually to Europe, the Mehr News Agency reported on Wednesday. The two neighboring countries are close to finalize pricing terms and conditions. - 5/16/13

Iran to build 6 oil refineries in Africa

- Memorandums of understanding have been signed with six African countries and preliminary measures have been taken for finding appropriate places to establish the refineries, the Mehr News Agency quoted Hassan Khosrojerdi as saying. - 5/13/13

Iran to develop 3 Persian Gulf oilfields

- Iran will develop three of its oilfields, which are located in the Persian Gulf, in the current Iranian calendar year, which started on March 21, the National Iranian Offshore Oilfields Company managing director Mahmoud Zirakchianzadeh said. - 5/6/13

Iranian oil minister to visit New Delhi for talks on gas pipeline in India

- Iranian Oil Minister Rostam Qasemi plans to visit India in coming days to discuss expansion of Iran-Pakistan gas pipeline project to India with his Indian counterpart Murli Deora. - 4/29/13

Iran, China's CNPC terminate contract in South Pars gas field

- Iran and China National Petroleum Corp. (CNPC) have come to terms for terminating a contract for developing the phase 11 of the South Pars gas field, located in the Persian Gulf, the Mehr News Agency reported. - 4/23/13

Iran ready to barter oil for goods

- Iran says it is now prepared to implement its plan to trade oil for necessary goods. The National Iranian Oil Company announced that bartering crude for food and other goods could complement the usual sale of oil for its monetary value in major currencies. - 4/22/13

Bushehr's Earthquake and the Safety of its Atomic Plant

- The recent earthquake in Bushehr Province has triggered concern regarding the Bushehr Nuclear Plant. However, just a few hours after the earthquake hit the province, plant officials and the Bushehr governor announced that the nuclear plant has not been in any way damaged. - 4/21/13

Iran agrees to export gas to Switzerland: NIGC chief

- An Iranian deputy oil minister says the country has finalized a deal for the delivery of natural gas to Switzerland. "We are currently in talks with Turkey to win the right for gas transit via this country [to Europe]," Javad Owji, who is also managing director of National Iranian Gas Company (NIGC), said on Friday. - 4/19/13

Iranˈs gas exports hit $3.5b

- Managing director of the National Iranian Gas Company (NIGC) Javad Owji said here Friday Iran has exported over 8.4 billion cubic meters of gas, worth $3.5 billion, during the last Iranian year (ended on March 20). - 4/19/13

IRGC commander: Security of worldˈs strategic energy reserves in hands of IRGC

- Commander of the Islamic Revolutionˈs Guards Corps (IRGC) Major General Mohammad Ali Jafari said on Wednesday that security of the worldˈs strategic energy reserves is in the hands of the IRGC. - 4/18/13

Iran's 18th International Gas, Oil Expo Inaugurated

- Iran inaugurated the 18th international oil, gas and petrochemistry expo on Wednesday in presence of high ranking officials including first vice-president Mohammad Reza Rahimi and Oil Minister Rostam Qasemi. - 4/17/13

Iran rejects rumors about possible radiation leak at Bushehr plant

- The deputy of the Atomic Energy Organization of Iran (AEOI) has dismissed as baseless the rumors about possible radiation leaks at Bushehr Nuclear Power Plant (NPP) following an earthquake in the southern parts of the country. - 4/15/13

Iran's oil production lowest since 1980s: OPEC

- OPEC's latest report indicates that Iran produced 2.675 million barrels of oil per day in March, which according to TREND, an Azerbaijani news agency, is the country's lowest volume of oil production since 1988. - 4/12/13

Interview: Nuclear-Risk Expert On Iranian Earthquake

- Gary Sandquist, a professor emeritus of mechanical engineering at the University of Utah who specializes in radioactive waste management and risk assessment, co-authored a prescient opinion piece in "The New York Times" this past January that warned about just such an event and the consequences that could arise. - 4/11/13

No Damage To Bushehr From Strong Earthquake

- The governor of Iran's Bushehr Province has said the country's nuclear reactor was undamaged by a powerful earthquake which killed three people elsewhere in the southeast of the country. - 4/9/13

Iran Inks 2.6 Billion Euro Deal To Revamp Abadan Refinery

- A consortium of Iranian and foreign companies has signed a 2.6-billion Euro deal with Iran's Oil Ministry to revamp Abadan refinery, located in the southwest of the country, sources quoted Iranian deputy oil minister Alireza Zeighami as saying. - 4/8/13

Fifteen new dams to come on stream in Iran

- Fifteen new dams will be inaugurated across Iran by the end of the current Iranian calendar year, which began on March 21, IRNA News Agency quoted Managing Director of Iran Water Resources Management Company Mohammad Haj-Rasouliha as saying. - 4/6/13

Iran to export 40 mcm/d of gas to Iraq by summer 2013

- An Iranian deputy oil minister has announced that the country will start exporting 40 million cubic meters (mcm) a day of natural gas to Iraq by summer 2013. - 4/6/13

Chinese tanker, able to carry 2 million barrels of crude, seen at Iran port

- A Chinese supertanker with the capacity to carry two million barrels of crude has docked and embarked at an Iranian port, the first such move since the European Union imposed sanctions on Iran's oil in July. - 3/29/13

China Feb oil imports from Iran rises by 81% on year

- A recent report shows that China's February crude oil imports from the Islamic Republic of Iran have increased by more than eighty percent compared to the corresponding period last year. - 3/22/13

AEOI Chief: Interruption in operation of Bushehr power plant normal

- Head of the Atomic Energy Organization of Iran (AEOI) Fereidoun Abbasi Davani said Wednesday that interruption in activities of the Bushehr nuclear power plant in southern Iran is ˈnormalˈ as the facility is currently in a pilot phase. - 3/15/13

Iran Oil Exports Seen Rising by IEA Even as Sanctions Widen

- Imports from Iran rose to 1.28 million barrels a day in February from 1.13 million barrels in January, the Paris-based adviser to 28 oil-consuming nations said in a report today. U.S. rules took effect last month that require importers to pay in local currencies kept in escrow accounts, the agency said. -Bloomberg - 3/15/13

Photos: Ground broken for Pakistan section of IP gas pipeline

- Construction of the Pakistan section of the Iran-Pakistan gas pipeline officially started on Monday. The project was launched during a ceremony on the Iran-Pakistan border attended by Iranian President Mahmoud Ahmadinejad and Pakistani President Asif Ali Zardari. - 3/12/13

Iranian, Pakistani Presidents Inaugurate Gas Pipeline

- Iran and Pakistan have inaugurated the building of a natural-gas pipeline linking the two countries that has been firmly opposed by the United States. Iranian President Mahmud Ahmadinejad and his Pakistani counterpart, Asif Ali Zardari, led a groundbreaking ceremony in the Iranian port city of Chah Bahar on March 11 to mark the start of construction on the 780-kilometer-long Pakistani segment of the pipeline. - 3/11/13

Iran to build refineries in African states: source

- Iran has come to terms with Algeria, Angola, and South Africa to build small refineries for them, the Fars news agency quoted an informed source as saying. Iran has also been holding talks with Pakistan to establish refineries there, the source said, adding the two sides will hopefully ink a deal in the near future. - 3/10/13

Iran Allocates 2.1 Billion Euro To Build Gas Condensates Refinery

- Iran has allocated 2.1 billion Euro so far in establishing the Persian Gulf Star gas condensates refinery in southern Hormozgan province, IRNA quoted Hormozgan Province governor general Ebrahim Azizi as saying. The refinery is the largest gas condensates refinery in the world - 3/10/13

Iran, Iraq resume talks on gas deal

- Iranian Oil Minister Rostam Qasemi has started a new round of talks with Iraqi officials in Baghdad, discussing the implementation of a previously signed deal with the Iraqi side to export Iranian gas to Iraq. - 3/9/13

Zardari Says Iran-Pakistani Pipeline To Go Ahead

- Pakistani President Asif Ali Zardari has announced that Pakistan will go ahead with a long-delayed gas pipeline project with Iran despite objections from Washington. Speaking in Lahore on March 4, Zardari said the project, estimated to cost $1.5 billion, will be launched on March 11. - 3/5/13

Iran to establish NGL plant on Kharg Island in Persian Gulf

- Iran will inaugurate a natural gas liquids (NGL) production plant on Kharg Island, which is located in the Persian Gulf, by the end of the next Iranian calendar year (March 2014). The project is now 50 percent complete, ISNA quoted Iranian Offshore Oil Company official Reza Bayazi as saying on Sunday. - 3/4/13

Indian Shipping Company Stops Carrying Iranian Oil

- Mercator's tanker -- the "Omvati Prem" -- was the only ship with local emergency insurance available for charter by Indian refiners when sanctions from the United States and European Union were imposed on ships carrying Iranian crude oil. - 3/2/13

Iranian firm wins contract to build Pakistani portion of IP project

- 'Express Tribune' quoting sources reported that Iranian firm Tadbir Energy has been awarded the contract to construct Pakistan's portion of the gas pipeline. It said the initialisation of the contract took place during a recent visit of a Pakistani delegation to Tehran. The pipeline construction will be formally launched on March 4 on the Pak-Iran border. - 2/28/13

Iran to revise policy of crude oil export: Oil Minister

- Minister of Oil, Rostam Ghassemi, said on Monday that Iran will revise policy of crude oil export to produce high standard petrol and oil derivatives. Ghassemi said Iran can revise its policy of crude oil and gas condensates export and instead build advanced refineries to produce high value-added products. - 2/25/13

Iran to build $4 billion refinery in Pakistan

- Iran has agreed to build an oil refinery in Pakistan at an estimated value of 4 billion dollars, a senior Pakistani official says. Asim Hussain, an adviser to the Pakistani prime minister, said that the refinery will be constructed in the port city of Gwadar. The plant will be able to refine 400,000 barrels a day. - 2/23/13

Iran's recoverable oil reserves increase to 157 billion barrels

- Iran's recoverable oil reserves have been increased to about 157 billion barrels up to now in the current Iranian calendar year, which ends on March 20, Iranian Oil Minister Rostam Qasemi announced here on Sunday. Some 14 billion barrels of crude oil reserves have been discovered since the beginning of the current year, of which 3 billion barrels is recoverable, ISNA quoted Qasemi as saying. - 2/17/13

Photos: Iran inaugurates $590 million NGL plant

- Iran inaugurated a $590 million natural gas liquids (NGL) plant on the Persian Gulf island of Siri. It is projected that the Siri NGL plant will have about $500 million of sales annually, the Shana News Agency quoted National Iranian Offshore Oilfields Company Managing Director Mahmoud Zirakchianzadeh as saying on Thursday. - 2/16/13

Iran Installs New Enrichment Centrifuges, Holds IAEA Talks

- Iran has announced it has started installing a new generation of machines for enriching uranium at its main facility making nuclear fuel. Iranian media quoted Fereydun Abbasi-Davani, head of Iran's Atomic Energy Organization, as saying on February 13 that new centrifuges began to be installed at the Natanz site last month. - 2/14/13

Iranian Gas Rig Sinks In Persian Gulf; Iran Asks For Help To Recover It

- Iran avoided a human tragedy when a fully manned 1,000-ton gas rig sank into the Persian Gulf last week without injuring any of the workers, according to Australia's News.com.au. -Huffington Post - 2/11/13

Iran not yet able to cut gasoline imports: MP

- Iranian MP Mehdi Mousavinejad has said that cutting gasoline imports in the current time is not feasible, because domestic production does not meet demands. This is while Iran's Oil Minister Rostam Qasemi says the Islamic Republic will become an exporter of gasoline in less than two months. - 2/5/13

Iran Plans Nuclear Equipment Upgrade

- Iran is planning to install new equipment at its main nuclear enrichment facility that could refine uranium much faster than its current machines. Iran says its nuclear program is strictly for peaceful purposes. - 1/31/13

Iran crude oil exports rise to highest since EU sanctions

- Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member dodge sanctions. -Reuters - 1/31/13

Tehran Bars Energy Exports To EU

- Iran has formally banned all oil and gas exports to the European Union, an official said on January 27. - 1/28/13

Turkey Aids Iran Through Gold Trade

- Banks in Turkey continue to send gold to Iran despite U.S. pressure to curb a booming gold-for-gas trade, which helps Iran skirt international sanctions. -Dorian Jones, VOA - 1/25/13

Samsung Total strikes Iran oil deal, lured by cheap fuel - sources

- South Korea's Samsung Total Petrochemicals Co has revived a contract to buy Iranian oil after a year's hiatus, as thin margins in plastics make the cheap fuel from Iran hard to resist, people familiar with the deal said on Friday. -Reuters - 1/25/13

China's December crude import from Iran 2nd highest in 2012

- Official data show Iran's crude oil exports to China soared to their second highest level in December 2012, in spite of U.S.-led sanctions against the Islamic Republic's energy sector. - 1/23/13

Iran produces 500bm3 gas from gas field shared with Qatar

- Iran has increased gas production from South Pars shared field with Qatar in Persian Gulf to 500bm3. - 1/22/13

Iran ends fuel subsidies for 1800cc and above cars

- Iran has ended supplies of subsidized gasoline for cars with engines of 1,800cc and bigger, ISNA reported on Sunday. Iranians with cars pay 4,000 rials (33 cents) a liter for a monthly allowance of 60 liters and 7,000 rials a liter for larger volumes. - 1/20/13

French multinationals, Iran to team up in Lebanon energy projects

- The French multinational energy corporations Total SA and GDF Suez SA have invited Iran to cooperate with them in oil and gas projects in Lebanon, according to the representative of a French company. - 1/20/13

Huge gas field discovered in northeast Iran

- A huge natural gas field has been discovered in northeastern Iran, Central Oilfields Company Managing Director Mehdi Fakour has announced. "Details of the discovery of new natural gas reserves in the region will be announced by the National Iranian Oil Company" - 1/19/13

Iranian Nuclear Plant Back At 'Full Capacity'

- The head of the country's Atomic Energy Organization, Fereydoon Abbasi Davani, said on January 9 that the Bushehr power plant in southern Iran was linked to the national grid on January 5 and "reached its full capacity of 1,000 megawatts" on January 8. - 1/10/13

Iranian MP blames gasoline for cancer rise among children

- An Iranian Member of Parliament has warned that the gasoline produced in the country is having many adverse effects on Iranian children, giving rise to numerous forms of cancer at an early age. - 1/9/13

Iran to set up first national gas refinery costing $1.6B

- The first gas refinery in Iran will be built at the cots of $1.6 billion, the Shana News agency reported. The Khatam-ol Anbiya Construction Headquarters will ink a deal by the next month with the National Iranian Central Oilfields Company to start designing processes. - 1/9/13

Iran denies its oil sales down 40 percent

- The Ministry of Oil has denied the news of 40 per cent reduction in oil sale and 45 per cent in oil and gas earnings and said "any indirect statistics and quotations of the Oil Ministry and directors are illegitimate." - 1/9/13

Iran's Oil Exports Down 40 Percent Due To Sanctions

- A top Iranian official says the country's oil exports have been slashed 40 percent in the past nine months by Western sanctions. Oil Minister Rostam Qasemi said on January 7 that the 40 percent decrease in oil sales was also accompanied by a 45 percent decrease in repatriating oil money. - 1/8/13

Iranian gas exports to be quadrupled in two years

- Iranian Deputy Oil Minister says that the Ministry has plans to store gas from South Pars field in Iranian independent storage facilities. Javad Owji has unveiled Iranian gas export contracts, and said that within two years, Iranian gas export will be quadrupled. - 1/6/13

Middle East's first natural gas storage facility inaugurated in Iran

- The first natural gas storage facility in Iran and the entire Middle East was officially inaugurated by President Mahmoud Ahmadinejad on Saturday in the city of Qom. The Sarajeh facility has the capacity to store 3.3 billion cubic meters of gas, ISNA reported - 1/5/13

Iran-Iraq alliance and the right price of oil

- According to 'Financial Times' and the WSJ, reporting several times in 2012, Iran and Iraq are "strengthening their alliance inside Opec", raising concerns among Saudi-led moderate Arab Gulf producers that pricing discipline inside Opec will be disrupted. -Andrew McKillop, OilVoice - 1/3/13

Iran increases daily oil output by 150,000 barrels: Source

- Iran has increased its oil production by 150,000 barrels per day (bpd) to 3.25 million bpd, an informed source told the Fars News Agency on Sunday. "Sanctions at the beginning of 2012 sharply cut Iran's oil output, but the situation is being improved, so that it is hoped to boost the output ever more and expand exports as well in 2013." - 12/31/12

Putin Calls EU Heads 'Wrong' on Energy Policy

- Russian President Vladimir Putin has held talks with European Union officials at a summit in Brussels, discussing contentious issues such as energy, trade, human rights and policy on Syria. - 12/22/12

Iran and Turkmenistan Strike New Gas Deals

- Tehran, Ashgabat have inked new deals, according to which Iran will resume gas imports from Turkmenistan in exchange for supplying oil and gas industry equipment to its northeastern neighbor. - 12/20/12

Iran discovers massive gas and oil reserves

- While global hydrocarbon reserves are increasingly coming to an end, yesterday Iran announced that its scientists have discovered massive oil and gas reserve in Gulf of Oman, larger than total oil and gas reserves of the country. - 12/19/12

World largest petrochemical complex goes into production in Asalouyeh

- An official figure in the Iranian National Petrochemical Company (NPC) said that world's largest ethylene producer has been launched in Asalouyeh. He also added that the West Ethylene Pipeline will begin operation. - 12/18/12

120 billion cubic meters of gas produced in Iran since March 2012

- Since start of the current Iranian year, some 120 billion cubic meters of gas has been produced in Iran, Director of Dispatching Department of National Iranian Gas Company (NIGC), Hassan Montazer Torbati, said on Sunday. - 12/17/12

Iranians to pay much more for electricity

- Iran's deputy power minister warns electricity rates will skyrocket in the coming year, because the current prices can no longer be sustained. - 12/15/12

OPEC Chief: Figures show Iran has not reduced oil production

- The secretary general of the Organization of Petroleum Exporting Countries (OPEC) says figures show that Iran has not reduced its oil production. Abdullah al-Badri said that figures provided by Iran show that the country is producing about 3.7 million barrels per day - 12/15/12

Middle East's largest thermal power plant comes on stream in Iran

- A thermal power plant, with a generation capacity of 2.8 gigawatts, was officially inaugurated on Tuesday in Pakdasht, a city near Tehran. The project started in 2003 and cost 270 Euro million plus 5 trillion rials to complete - 12/12/12

No sizable rise in crude oil demand expected for next year: Iran's OPEC Governor

- Iranian governor to the Organization of the Petroleum Exporting Countries has said that there is no rise in crude oil demand is expected as U.S. and Europe are grappling with economic downturn. - 12/12/12

Big drop in Iranian oil exports: Report

- According to Reuters, Iran's oil exports will fall to its lowest level since the EU and U.S. sanctions on Iranian petroleum sector took effect in July of 2012. The report adds that Iran's oil imports in November were 1.8 million barrels and in December they are predicted to fall to 834,000 barrels. - 12/8/12

Iranian company vying for French refinery

- The Iranian company Tadbir Energy is bidding to buy the Petit-Couronne oil refinery from the French company Petroplus, which has gone into insolvency. - 12/7/12

Iran to raise oil production to over 5 million barrels per day: Oil Minister

- Oil Minister Rostam Qasemi said on Sunday that Iran has the capacity to raise its oil production to over 5 million barrels per day by the early 2016. - 12/3/12

Iran starts developing gas field shared with Turkmenistan

- Iran has started drilling the first exploratory well at the Afshar-1 gas field, which is shared with Turkmenistan. The Iranian section of the gas field measures around 9 square kilometers in area, equaling half the total area - 12/3/12

Drastic fall in Japan's use of Iranian crude

- Japan reportedly reduced its Iranian oil imports by 60 percent in October of 2012 compared to the same month last year. - 12/1/12

Iran's hydroelectric power generation capacity stands at 9.5GW

- The power generation capacity of Iran's hydroelectric power plants stands currently at 9.5 gigawatts (GW), IRNA reported on Wednesday. The actual output of the power plants is 7.6GW, according to the report. - 11/29/12

Oil up on US budget optimism, Middle East tension

- Brent crude oil rose by more than $1 to reach $111 per barrel on Thursday on optimism that U.S. lawmakers would reach a deal on fiscal policy and as mounting tension in the Middle East intensified supply concerns. -Reuters - 11/29/12