Iran's oil shipments to China have surged this month as traders navigated logistical hurdles caused by stricter US restrictions, allowing delayed cargoes to reach the world's top crude importer.
Iran’s natural gas production will increase by a fourth of its existing capacity in the next five years despite US sanctions targeting the country’s energy sector, according to an Oil Ministry official.
Iranian Minister of Petroleum Mohsen Paknejad stated that Russian firms are collaborating with Tehran to develop Iran's oil fields.
Iran is currently the third largest producer of natural gas in the world after Russia and the United States with producing 252 billion cubic meters (bcm) of gas per annum.
The CEO of National Iranian Oil Company (NIOC) announces a record daily extraction of 716 million cubic meters from the South Pars field in the Persian Gulf.
According to the latest monthly report from OPEC, Iran’s heavy crude oil prices rose significantly in January, increasing by $6.65, or 9.1%, compared to December, 2024.
The recent remarks by Iran's Oil Minister Mohsen Paznejad have garnered widespread attention in the global media, saying that US President Donald Trump's wish to minimize Iran's oil exports to zero level will not come true.
Iran's oil minister says that Donald Trump will never achieve his goals regarding Iran’s oil exports.
Commander of the IRGC Navy Force Rear Admiral Alireza Tangsiri rebuked US President Donald Trump's push to curb Iranian oil exports, saying that Trump will not be able to achieve his goal in bringing Iran oil revenues to zero.
The development of gas fields and construction of the Persian Gulf Star Refinery are the most significant achievements of the oil industry in the 46 years since the Revolution, CEO of NIORDC states.