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JCPOA’s impact on oil sector
By Moayed Sadr Hosseini*
Global ship insurers to resume near full coverage for Iran oil
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving US-domiciled reinsurers, officials in Tokyo and London said.
Iran expects to sell $41bn of oil, condensate
Iran’s Oil Minister Bijan Zanganeh says the country’s overall sales of crude oil and condensate will reach as high as $41 billion by the end of the current Iranian calendar year (21 March 2017).
Iran oil exports highest since 1979
First Vice President Es'haq Jahangiri said that the export of Iran's oil and gas condensates have reached the highest levels since the 1979 Islamic Revolution.
Minister confident oil prices will rise
Oil Minister Bijan Namdar Zanganeh said that he was confident the OPEC and non-OPEC members would remain committed to the output cut deal agreed in November, noting that oil prices would rise further as a result.
Crude oil sales near $30b in nine months
Iran's total crude oil and condensate sales reached around $30 billion in the nine months to December 20, 2016, said a deputy oil minister.
Iran to approve more companies for oil, gas tenders
National Iranian Oil Company (NIOC) will reveal a second list of international companies approved to bid in the country's oil and gas tenders, said the company's deputy head.
South Korea's Dec. Iran crude imports surge 648.2%
South Korea's Iranian crude oil imports in December soared nearly eight times more than the amount a year ago while its 2016 crude imports from Iran more than doubled from the level in 2015 following last January's lifting of sanctions.
Iran’s sells $30bn crude in 9 months
Iran’s deputy petroleum minister says Tehran’s total crude oil and condensate sales reached around $30 billion in the first 9 months of the current calendar Persian year which started on March 20.
India Essar's Iran oil imports at 120,000 bpd
Essar Oil, a key Indian buyer of Iranian crude, imported about 120,000 bpd of oil from Tehran in December compared with 67,600 bpd a year ago, ship tracking data made available to Reuters showed.
India's 2016 Iran oil imports hit record high
India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.
Oil prices edge up
Oil prices edged up on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market.
Iran to launch first new-style oil tender in weeks
A senior Iranian oil official announced that the development of a major oilfield in the southwestern province of Khuzestan will be put to tender for the first time based on a new model of oil contracts, known as Iran Petroleum Contract (IPC), within the next four weeks.
Iran, Iraq mull two oil deals
Tehran and Baghdad are in talks to conclude deals on developing two joint oilfields, announced a senior Iranian official.
Proven shale oil reserves found in western Iran
A 'significant' amount of proven shale oil reserves have been discovered in Lorestan Province in western Iran, announced the director of research and management at the Oil Ministry's Exploration Technology Center.

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