WorldOil Iran seeks reappointment of OPEC veteran Zanganeh as oil minister Iran’s President Hassan Rouhani proposed the reappointment of its longest-serving oil minister, Bijan Namdar Zanganeh, who fought to restore crude production and closed a landmark deal with Total SA to develop the Persian Gulf country’s share of the world’s biggest natural gas field. Iraq's Kirkuk province spurns plan to ship oil to Iran Iraq’s northern province of Kirkuk refuses to cooperate with any plans to ship its oil to neighboring Iran because the central government didn’t consult with it on the matter, Kirkuk provincial officials said. Gazprom Neft signs MOU with Iran's OIEC Gazprom Neft has signed a Memorandum of Understanding (MOU) with Iran’s Oil Industries’ Engineering and Construction (OIEC), confirming both companies’ mutual interest in combining forces in the preliminary assessment and investigation of the geological potential of oil fields located in the Islamic Republic of Iran. India gives Iran $11-billion "best offer" on Farzad-B field An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation guarantees a “reasonable return” on the project, according to the company leading the group. Total, NIOC sign contract for development of phase 11 of the giant South Pars gas field Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field. Iran, Total expect to sign biggest gas deal soon Iran and France’s Total SA expect to sign a contract to develop part of the world’s biggest natural gas field in the next few weeks in what would be the Persian Gulf country’s first investment by an international energy company since sanctions were eased last year. Iran's maxed-out crude output eases OPEC push to extend cuts Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains. Rouhani win seen speeding Iran's oil push amid Trump threats Iranian President Hassan Rouhani is in a stronger position after his re-election to push through plans for wooing foreign investors the country needs to boost oil production, according to analysts at Cornerstone Global Associates and SVB Energy. Iran buys gear to shield gas output from any new U.S. sanctions Iran is buying equipment to avert a possible disruption in output at its share of the world’s biggest natural gas field, in the event the U.S. decides to impose additional sanctions on its economy, the head of state-run operator Pars Oil and Gas Co. said. Saudi Arabia seen losing market share to Iran, Iraq on oil cuts Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority.