Tags - oil output

Oil output to surge by 10,000 bpd with developing 3 oilfields

The development plan for three oilfields namely “Soumar”, “Saman”, and “Delavaran” in western Iran will increase the oil production volume by 10,000 barrel per day (bpd).

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Publish Date:26/January/2025 | 17:42

Iran increases daily oil output by 15 mn liters

A senior official from the National Iranian Oil Refining and Distribution Company (NIORDC) announces an increase of 15 million liters in the country's daily oil production over the four months of the new government's term.

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Publish Date:21/December/2024 | 13:51

Iran oil minister:

Iran increasing oil output regardless of US political future

Iran's Oil Minister says increasing the country's oil production capacity has no connection to potential restrictions or their increase, adding that boosting production capacity is a priority for the Ministry of Petroleum.

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Publish Date:08/December/2024 | 14:43

Iran's oil output up by 60,000 bpd: NIOC chief

The CEO of the National Iranian Oil Company (NIOC) has said that the country's daily oil production volume has increased by 60,000 barrels.

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Publish Date:21/November/2024 | 15:06

Iran produces 3.240 million oil bpd in June 2024

Iran produced 3.240 million barrels of oil per day (bpd) in June 2024, the EIA announced.

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Publish Date:17/July/2024 | 16:57

75% of Domestically-Produced Gasoline Meets EUR 4, 5 Standards: Iran Deputy Oil Minister

Iran’s deputy oil minister said that 75 percent of the gasoline produced in the country complies with EUR 4 and 5 standards.

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Publish Date:13/June/2024 | 11:28

Iran’s Crude Oil Output Hits 3.25 Million bpd in March

Iran produced 3.25 million barrels of oil per day (bpd) in March 2024, showing a hike compared to a month earlier, the US Energy Information Administration (EIA) announced in its latest report.

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Publish Date:17/April/2024 | 10:42

Iran's South Azadegan Oil Output to Increase by 70,000 bpd

EghtesadOnline: Crude oil production from the giant South Azadegan field near the Iraqi border will exceed 170,000 barrels per day by the end of the current fiscal year (March 20, 2019), the director of the field's development project said.

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Publish Date:04/August/2018 | 13:23

Zanganeh Urges OPEC to Address Libya, Nigeria Output

EghtesadOnline: OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.

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Publish Date:27/September/2017 | 13:23

OPEC Boosts Oil-Demand Outlook While Its Production Rises

EghtesadOnline: OPEC boosted estimates of demand for its crude this year and next amid stronger-than-expected fuel consumption and a weaker outlook for rival supply.

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Publish Date:12/August/2017 | 24:44

OPEC Crude Production Rises Led by Countries Exempt From Cuts

EghtesadOnline: OPEC crude production rose in May led by gains from Libya and Nigeria, countries that are exempt from the deal to cut output in a bid to revive oil prices.

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Publish Date:03/June/2017 | 04:12

Saudi Oil Minister Says Output Cuts May Extend Beyond Second Half of 2017

EghtesadOnline: Saudi Arabia’s oil minister said he is confident that an agreement by oil producers to curb output and shrink a market glut will be extended into the second half of the year and possibly beyond.

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Publish Date:08/May/2017 | 04:06

OPEC Deepens Oil Production Cuts as Laggards Improve Compliance

EghtesadOnline: The Organization of Petroleum Exporting Countries deepened production cuts in April with laggards improving compliance with its historic deal to limit output.

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Publish Date:04/May/2017 | 21:02

Saudi Arabia Likely to Back Extending Oil Output Cuts

EghtesadOnline: Saudi Arabia is likely to support extending OPEC output cuts into the second half of 2017 in an effort to boost oil prices, according to a person familiar with the kingdom’s internal discussions.

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Publish Date:13/April/2017 | 09:26

Oil Producers Consider Output Cut Extension as Support Grows

EghtesadOnline: Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles.

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Publish Date:27/March/2017 | 24:31

OPEC, non-OPEC to look at extending oil-output cut by six months

EghtesadOnline: A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday.

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Publish Date:26/March/2017 | 24:43

Iraqi oil minister: market is decisive factor in possible cut extension

EghtesadOnline: Iraqi Oil Minister Jabar Ali al-Luaibi said on Saturday the market is a decisive factor in deciding whether to extend into the second half of this year a global agreement on reducing oil output .

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Publish Date:26/March/2017 | 06:18

Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized

EghtesadOnline: Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow and steady pace despite Riyadh’s cajoling.

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Publish Date:25/March/2017 | 06:45

Oil Drops for Week on U.S. Supplies Before OPEC, Allies Meet

EghtesadOnline: Crude oil had its third weekly loss in a month as OPEC and its allies prepared to meet for a review of their production cuts, while swelling U.S. stockpiles indicated the measures aren’t working yet.

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Publish Date:25/March/2017 | 06:18

OPEC leans toward oil cut extension, but non-members need to be in: sources

EghtesadOnline: OPEC oil producers increasingly favor extending beyond June a pact on reducing crude supply to balance the market, sources within the group said, although Russia and other non-members need to remain part of the initiative.

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Publish Date:20/March/2017 | 23:18