Iran ///

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 & 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 & 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.

Iran may keep same oil output if others extend cuts, Kuwait says

Iran will probably be allowed to keep its oil production unchanged if OPEC decides to extend its six-month agreement on output cuts beyond June, Kuwaiti Oil Minister Issam Almarzooq said.

Iran boosts gas output capacity with new projects at giant field

Iran, holder of the world’s biggest natural gas reserves, boosted output by inaugurating six projects at the giant South Pars offshore field.

India's ONGC Videsh to spend over $3 billion on Iran gas block

The overseas arm of India’s biggest oil and gas explorer intends to spend more than $3 billion on Iran’s Farzad-B natural gas block.

Gazprom signs MOU with National Iranian Oil Co.

Gazprom and National Iranian Oil Company have signed a Memorandum of Understanding in Moscow.

Iran set to out-produce Qatar at world's biggest gas field

Iran is on track to out-produce Qatar, the world’s biggest LNG exporter, at the vast natural gas deposit they share in the Persian Gulf. But as much as they might want, the Iranians won’t have much gas to export because they are likely to use most of the new production themselves.

Iran's crude oil exports increase to level last seen in 1970s

Iran’s crude-oil exports touched 3 MMbpd for the first time since the 1979 Islamic Revolution.

Iran's natural gas push not deterred by Trump

Iran is hard at work gaining a foothold in the global energy market, and it’s not letting U.S. President Donald Trump’s confrontational tone stop it from trying.

Oil trades near $54 as Iran tension offsets U.S. shale drilling boom

Oil traded near $54/bbl as increased tension between Iran and the U.S. countered expectations of rising American production.

Oil set for weekly gain as U.S. imposes new Iran sanctions

Oil headed for a third weekly gain as the U.S. imposed fresh sanctions on Iran after a missile test and OPEC reached about 60% of its output-cut target.

Trump trades barbs with Iran as new round of sanctions looms

Tensions between the U.S. and Iran escalated as President Donald Trump prepared new sanctions and told Tehran it’s “playing with fire,” prompting Iran to respond that it won’t be bullied.

Lukoil seeks Middle East oil projects for growth as Iran opens

Lukoil is seeking opportunities for growth in the Middle East as Iran opens more of its oil fields to international partners, according to the Russian energy company’s regional head.