At a ceremony on Saturday, the CEO of the National Iranian Oil Company (NIOC) and local officials ordered ... are worth $528 million and will increase production from the three fields by five times to ...

By John Lee. Iran has reportedly launched a $528-million project to develop three oilfields near the Iraqi border. According to the state-owned Iranian PressTV, the fields are Sumar, Saman, and ...

Iran is experiencing a systemic energy crisis. While many times in the past, Iran has had gas shortages or refined product ...

The deputy oil minister explained that Naft-Shahr is home to one of the country’s oldest oilfields, with several smaller fields in the region currently undergoing development. “The project is expected ...

Russian President Vladimir Putin announced plans on Friday to build a gas pipeline to Iran aimed at eventually transporting ...

To note, a total of 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the ...

(MENAFN) Mohammad Khavarinejad, project manager for drilling operations at the West Karun oil fields under the National Iranian Drilling Company (NIDC), reported that over 90 percent of the ...

Despite some of the West’s toughest sanctions, Iran has built a roaring global trade for its oil. It relies on a shadow fleet of tankers that conceal their activities to skirt sanctions ...

Crude oil exports out of Iran rebounded in the second half of December, from a slow start to the month, according to vessel-tracking firm TankerTrackers.com. “Iran's crude oil exports have ...

TEHRAN- As announced by a provincial official, 1.398 million tons of non-oil commodities valued at $944.783 million were exported from Isfahan province in the first nine months of the current Iranian ...

Iran International reports that Iran is trying to liquidate millions of barrels of oil stored in Chinese ports to prevent economic damage from anticipated sanctions under the incoming Trump ...