Iraqi Oil Minister Due in Tehran Today

TEHRAN (FNA)- Iraqi Oil Minister Jabbar Ali al-Luaibi is slated to arrive in Tehran on Saturday to discuss energy issues with his Iranian counterpart Bijan Zangeneh, media reports said.

Saudi Economic Pain Will Test Resolve of Prince’s Reform Push

Saudi Arabia’s drive to reduce the economy’s reliance on oil has hit a snag: its reliance on oil.

Half-Century-Old Bangestan Reservoir Undergoes Development

TEHRAN, July 24 (Shana) -- Ten giant oil fields in Iran account for the bulk of Iran's oil production. But these fields are all in the second half of their lifecycle. Insufficient investment in them, over years, has left their recovery rate at a low level. As a result pressure fall-off in these fields is highly likely while they have great potential for higher production.

$Austria\'s OMV to Develop Band-e-Karkheh$

Austria's OMV to Develop Band-e-Karkheh

TEHRAN, July 24 (Shana) -- West Karoun covers a quite large area of land in the western bank of Karoun River as far away as the Iran-Iraq border. West Karoun is part of oil-rich Khuzestan Province, but in the 1980s and the following two decades it was impossible to operate oil exploration and production projects due to the imposed war and landmines that had not been cleared.

Iran Joins Gasoline Exporters

TEHRAN, July 24 (Shana) -- Petroleum products, particularly gasoline, constitute a category of strategic and widely consumed products in Iran. Over recent years, despite the implementation of subsidy reform plan and gasoline rationing, consumption of this energy carrier has not declined, it has even increased in certain periods of time.

No banking problem with Total deal: Petroleum Min

Tehran, July 22, IRNA – Petroleum Minister Bijan Zangeneh said there is no banking problem with implementation of Total deal to develop the phase 11 of South Pars Oil Field.

Iran highlights US disloyalty to nuclear deal in meeting: Deputy FM

Vienna, July 22, IRNA - Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi says Iran remains to emphasize Washington’s lack of commitment to the nuclear deal also known as the Joint Comprehensive Plan of Action (JCPOA).

Joint Commission urges full implementation of JCPOA

Vienna, July 22, IRNA - European External Action Service (EEAS) in the statement of the Iran nuclear agreement (JCPOA) Joint Commission stressed the full implementation of the agreement “in good faith”.

G5+1 delegates review technical aspects of nuclear deal

Vienna, July 21, IRNA – Regular meeting of the JCPOA Joint Commission was held in Vienna on Friday to review implementation of different sections of the 2015 nuclear deal regarding nuclear issues and lifting sanctions.

Lordegan Petchem Plant Operational by 2018

TEHRAN, July 10 (Shana) -- The managing director of Lordegan Petrochemical Plant said his facility will become operational by 2018 with €502m of investment by China.

West Karoon Oil Output to Hit 368kbd by March 2018

TEHRAN, July 10 (Shana) -- A senior Iranian oil official says production capacity of the oilfields located in West Karoon region will reach 368,000 barrels per day by the end of the current Iranian calendar year to March 20 2018.

From Oil Gushers to Golf Balls: Saudi Aramco Bets on Chemicals

Aramco says $20 billion complex near coast a ‘Game Changer!’ Diversification push is part of crown prince’s post-oil plan

Iran to sign new IPC gas deal with Total for South Pars on Monday

Iran to sign deal with France's Total and China's CNPC to develop its South Par gas field. The deal is the first since sanctions were lifted. It will see production begin in 2021.

Oil stages longest rally since 2012, OPEC output may cap gains

Oil prices rose for an eighth day on Monday, their longest rally in over five years after data pointed to moderating U.S. output, but analysts said news of rising OPEC production could temper gains.

Tehran to Host 1st Conference on Industrial Compressors

TEHRAN, July 01(Shana) -- The Iranian ministries of Petroleum, Industry, Mine and Trade and Power are holding the first national conference on compressors in Tehran on July 5.

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