Iran News


Iran deal agreed - now for the fine print

Jul 14, 2015

Sanctions on Iran’s oil production look set to be lifted after the country and six world powers finally reached a deal over the country’s nuclear program.  The agreement, reached after two years of discussions, following a 12-year stand…

Iran nuclear deal on the horizon

Jul 13, 2015

The first step towards lifting sanctions on Iran’s oil production could be taken tomorrow (14 July) in a deal that would open up its territory to western nations and see the country’s oil exports double in the next six months is agreed. Image…

Iranian hope remains, despite delayed deadline

Jun 26, 2015

A deadline between western nations and Iran over the country's nuclear activities in a move which could open the country to international oil firms has once again been delayed. A deal, which would see sanctions lifted on the oil and gas rich nation…

Iranian promise?

Aug 18, 2014

In recent years, oil and gas production in Iran has been largely defined by the impact of international sanctions. The nation possesses the world’s fourth largest proven oil reserves and second largest gas reserves. However, despite this…

Iranian production to reach 4MM b/d

Jun 02, 2014

Iran's oil production will reach 4 million barrels per day (bpd) by the end of the current Persian calendar year in March 2015, a senior Iranian oil official said. Mohsen Qamsari, director for international affairs at the National Iranian Oil Company (NIOC)…

Iran, India, Oman discuss natural gas transport

Mar 03, 2014

Iran, India and Oman are preparing to begin official negotiations for delivery of the Iranian natural gas to the Indian market through a deepwater pipeline. Iranian Foreign Minister Mohammad Javad Zarif, Indian Foreign Minister Salman Khurshid…

Iran woos western oil co's

Jan 24, 2014

Tehran’s leadership has promised a new, attractive investment model for oil contracts by September, to woo Western business back into Iran. The pledge was made at the World Economic Forum meeting in Davos, Switzerland, yesterday.  According to the Financial Times…

Iranian opportunities beckon

Dec 17, 2013

An agreement to discuss lifting sanctions against Iran offers a glimpse of hope that its oil and gas sector could be reopened to international business. Elaine Maslin reports. Talk of fully or partially lifting sanctions against Iran has raised hopes within the region…

South Pars to get $16B investment

May 21, 2013

Iran will invest US$16 billion to develop the offshore South Pars gas complex over the next 10 months, a natural gas company director said. Pars Oil and Gas Co. Managing Director Mohammadreza Zahiri said that most of the funding will come from domestic sources…

Jacket bound for Iran

Jan 10, 2013

Iranian Offshore Engineering & Construction announced that its 3300t jacket is bound for South Pars field. The 67m high jacket will be installed 115km off Asalouyeh, Iran, in 61m of water.

Brent crude on a high

Nov 20, 2012

The annual average oil price of global benchmark Brent crude for 2011 is poised to be the highest (in both real and nominal terms) since 1860, the year after the birth of the modern oil industry in Titusville, Pennsylvania, according to a report by IHS Cambridge Energy Research Associates…

Why Russia toys with new partnerships

Oct 11, 2012

As the tension between Israel and Iran ratchets up, an interesting sub-text has developed over the role of Iran’s traditional backer, Russia. While many Western observers continue to raise the spectre of a ‘wider Middle East conflagration’, and one that could drag in Russia…

Soaring oil price flags China’s path

May 01, 2012

The reigning and the emerging superpower are marching to their own beats, both of them in the process of long impact government elections and transitions. How the two countries handle themselves will affect the lives of millions, many beyond their borders…

A knotty problem put to the sword

Apr 02, 2012

Iran is a problem that can be resolved as Alexander the Great solved the Gordian knot – whatever cannot be untied can be cut. Although a sudden and catastrophic event, buoyed by headlines, may push the price of oil to over $150, measures already taken will settle the situation relatively quickly…

A knotty problem put to the sword

Apr 01, 2012

Iran is a problem that can be resolved as Alexander the Great solved the Gordian knot – whatever cannot be untied can be cut. Although a sudden and catastrophic event, buoyed by headlines, may push the price of oil to over $150, measures already taken will settle the situation relatively quickly…

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