Falling Oil Price



  • دکل حفاری 2016-07-18 09:47

    Oil, gas well drilling upswings in Iran

    TEHRAN, Jul. 18 (MNA) – In time with falling crude prices to below 50 dollars a barrel, oil and gas well drilling in Iran has experienced an increase since the beginning of current Iranian year (began March 20).

  • کشتی نفت گاز 2016-05-18 12:14

    Iran tenders for oil, gas exploration in Uzbekistan

    TEHRAN, May 18 (MNA) – An NIDC official announced that Iran has submitted a tender for oil and gas exploration projects in Uzbekistan.

  • iran-iraq 2016-04-09 13:19

    Iran, Iraq to seal gas oil deal

    TEHRAN, Apr. 09 (MNA) – The contract for exporting two million tons of gas oil to Iraq will soon be inked to turn the neighboring country into largest buyer of the Iranian oil product.

  • زنگنه اوپک 2016-03-14 20:33

    Zanganeh hails Russian oil stance as ‘positive’

    TEHRAN, Mar. 14 (MNA) – Iran’s oil minister has said his ministry have hit an excellent agreement with Russia to bring improvements to oil markets within a year.

  • دیدار دکتر ظریف وزیر امور خارجه با ایرانیان مقیم نیوزیلند 2016-03-13 13:45

    FM Zarif:

    Massive turnout conveys message of cooperation to world

    TEHRAN, Mar. 13 (MNA) – Iran’s FM Zarif said Iranian’s mass participation in the February 26 elections told the world that they need to negotiate and cooperate with the world.

  • نفت گاز 2016-03-08 11:48

    Falling oil prices not to hinder S Pars development

    TEHRAN, Mar. 07 (MNA) – POGC managing director said development of new phases at South Pars field will not come to a halt as a result of the decline in global oil prices.

  • tanker 2016-02-21 16:02

    Sinking oil prices swell oil tanker revenues

    TEHRAN, Feb. 21 (MNA) – An NITC official said the drop in global oil process has boosted revenues of Iranian oil tankers by 80 per cent.

  • پالایشگاه ایرانول 2016-02-09 10:55

    Iran plans to build refineries in 6 states

    TEHRAN, Feb. 09 (MNA) – NIOEC managing director has announced negotiations with six countries for constructing and buying shares of refineries.

  • del pino 2016-02-02 11:03

    Venezuelan oil min. en route to Tehran

    TEHRAN, Feb. 02 (MNA) – The new round of Iran-Venezuela oil talks will begin on Wednesday with the trip of the South American country’s oil minister to Tehran.

  • فاز 15 و 16 پارس جنوبی 2016-02-01 11:48

    Oil official:

    South Pars development still economical

    TEHRAN, Feb. 01 (MNA) – Despite falling oil prices, implementation of new South Pars phases remain not only economically justifiable but also profitable, said a POGC official.

  • rig 2016-01-26 12:37

    Oil well drilling swells

    TEHRAN, Jan. 26 (MNA) – NIDC deputy head said about 300 thousand meters of new oil and gas wells have been drilled in the first 10 months of the current Iranian calendar year (began March 21, 2015).

  • opec 2016-01-26 09:09

    OPEC: current prices of oil no longer sustainable

    LONDON, Jan. 26 (MNA) – Executives from the Organization of Petroleum Exporting Countries (OPEC) considered Monday that the international prices of oil are no longer sustainable, and will go back to their normal prices during 2016.

  • opec 2016-01-19 15:09

    OPEC expects oil balance to be reached this year

    VIENNA, Jan. 19 (MNA) – The Organization of Petroleum Exporting Countries (OPEC) said today that the return of balance in the oil market might be reached in 2016.

  • oil price 2016-01-19 09:50

    Oil prices drop to lowest level since 2003

    LONDON, Jan. 19 (MNA) – Oil prices were quoted on Monday at their lowest level since 2003, due to a possible increase in Iran's crude oil exports.

  • gas 2016-01-12 19:58

    Oil min.:

    Gas revenues likely to surpass oil income

    TEHRAN, Jan. 12 (MNA) – Deputy oil minister has estimated that gas revenues will soon exceed oil income in view of current global prices.

  • oil 2016-01-12 11:48

    Iran producing oil $10 per barrel

    Tehran, Jan. 12 (MNA) – Managing director of Kish Free Zone has said Iran produces oil at 10 dollars per barrel during the decline in global oil prices.

  • Manouchehr Takin 2016-01-03 21:11

    All OPEC members face challenges over fall in oil revenue

    TEHRAN, Jan. 03 (MNA) – An international oil and energy consultant and analyst said the policy of curtailing oil price has had serious consequences for OPEC member countries themselves, all suffering financially as their oil revenues have fallen by more than half.

  • oil 2016-01-03 14:17

    Deputy oil min.:

    Iran not to give up building refineries

    TEHRAN, Jan. 03 (MNA) – Deputy oil minister has announced that Iran won’t bring refinery construction to a standstill despite the fall in oil prices.

  • دکل حفاری 2015-12-30 18:37

    Oil drilling rises despite falling oil prices

    TEHRAN, Dec. 30 (MNA) – A total of 136 new oil wells with a length of more than 268 thousand meters in sum have been drilled or repaired during the first 3 quarters of current Iranian year, said NIDC deputy head.

  • oil 2015-12-29 11:01

    Deputy oil min.:

    Petchem production still justifiable amid oil price drop

    TEHRAN, Dec. 29 (MNA) – Deputy oil minister has announced that construction of petrochemical units in Iran is economically justifiable despite the falling oil prices.

  • oil 2015-12-27 10:26

    Oil Min.:

    ‘Iran will sell oil at plausible prices’

    TEHRAN, Dec. 27 (MNA) – Oil minister has refuted the claims that Iran will offer massive discounts to regain the market in post-sanction era.

  • US Oil 2015-12-26 09:47

    Deputy oil min.:

    US oil exports not to spoil Iran

    TEHRAN, Dec. 26 (MNA) – Deputy oil minister has assured that US’s oil exports to the market would not harm Iran emphasizing that NIOC is not seeking to sell oil at a discount.

  • oil 2015-12-23 09:49

    Iran up to attract €10bn oil investment

    TEHRAN, Dec. 23 (MNA) – ICOFC managing director has estimated attraction of 10 billion euros of new investments in Iran’s central oilfields rejecting the halt of oil industry development owing to low production costs.

  • Chris Cook 2015-12-20 15:22

    Director of Petro Scotland:

    Global market in oil at point of 'Peak Demand'

    TEHRAN, Dec. 20 (MNA) – Director of Petro Scotland expressed his skepticism towards IEA forecasts, saying that once the oil price approaches $60/barrel for any length of time, there are some possibilities to lead to the oil price collapsing again.