EghtesadOnline: A new oil field was identified in southwest Iran that holds 53 billion barrels of crude oil, President Hassan Rouhani said in Yazd on Sunday.
EghtesadOnline: After failing to attract customers for crude oil offered on the Iran Energy Exchange, the National Iranian Oil Company says it plans to again tweak rules and procedures in the process, an official with the company said.
EghtesadOnline: A Majlis Research Center survey has revealed that total energy produced in Iran annually is equal to energy produced by burning 1.8 billion barrels of crude oil, of which 25% is consumed in the transportation sector.
EghtesadOnline: Iran's overall non-oil foreign trade (except crude oil, mazut, kerosene and exports via suitcase trade) during the first half of the current Iranian year (March 21-Sept. 22) stood at $ 2.16 billion, indicating a 8.07% decline compared with same period of last year, the Islamic Republic of Iran Customs Administration reported.
EghtesadOnline: Total energy produced in Iran in 2016 was equal to energy that is produced by burning 3.4 billion barrels of crude oil, up 18% compared to 2015.
EghtesadOnline: Crude oil and the derivatives supply chain has extended by another 700 kilometers, managing director of the Iranian Oil Pipeline and Telecommunication Company's Tehran office said on Monday.
EghtesadOnline: China's crude oil imports from Iran rose 4.7% month on month to 926,119 bpd in July, while the US ranked as the eighth largest crude supplier as shipments surged to a 13-month high of 362,364 bpd, data made available Tuesday by China's General Administration of Customs showed.
EghtesadOnline: On government behalf, the Economy Ministry will offer standard parallel salaf securities for crude oil worth 50 trillion rials ($427 million) today (Tuesday). The Iran Energy Exchange will host the trade.
EghtesadOnline: A member of the Majlis Energy Commission says parliament is willing to approve rules that allow the government to offer crude oil in Iran Energy Exchange at discounted rates.
EghtesadOnline: Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply sources, Minister of Economy, Trade and Industry Hiroshige Seko said Tuesday.