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Iran unveils 1st oil well equipped with AI

The Iranian Vice President for Science, Technology, and Knowledge-Based Economy inaugurated the first the Management Center of Wells Reservoir and Facility Management (WRFM) in Tehran on Tuesday.
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Publish Date:25/December/2024 | 12:40

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

Tehran to host 26th GECF ministerial meeting on Nov 6

The Iranian capital will host the 26th ministerial meeting of the Gas Exporting Countries Forum (GECF) on November 6-8, according to a senior official of the Iranian Oil Ministry.
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Publish Date:04/December/2024 | 10:20

OPEC+ countries extend oil production cuts

OPEC+ countries have decided to extend voluntary oil production cuts of 2.2 mln barrels per day until the end of December, according to a statement published on the group’s site.
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Publish Date:04/November/2024 | 11:40

Oil Dips as Investors Eye US Crude Release

EghtesadOnline: Oil futures eased for a second session on Friday on expectations that Washington may soon act to cool prices that remain above $80 per barrel, while movement curbs in China to rein in a Covid-19 outbreak weighed on fuel demand.
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Publish Date:15/January/2022 | 14:21

Riyadh Serious About Bilateral Talks

EghtesadOnline: The Saudi foreign minister said the kingdom is “serious” about talks with Iran, signaling Riyadh’s desire to repair relations between the two regional powers.
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Publish Date:16/October/2021 | 14:16

Oil Ministry to Invest $4.5 Billion in Fars Gas Development

EghtesadOnline: The Oil Ministry is to invest $4.5 billion for the development of the upstream gas sector in the Fars Province, the oil minister said on Thursday while visiting the southern province.
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Publish Date:16/October/2021 | 13:56

Damask Rose Oil Exports Exceed $200m in Fiscal 2020-21

EghtesadOnline: A total of 2.5 tons worth $202.43 million of damask rose oil were exported from Iran in the last fiscal year (March 2020-21), which makes Iran the biggest damask rose oil exporter in the world, according to the executive manager of the Agriculture Ministry's National Medicinal Plants Project.
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Publish Date:15/September/2021 | 14:08

Iran Oil Refining Capacity to Increase 1.5 Times in 5 Years

EghtesadOnline: Raising the quality and output of oil refineries and building new refineries are on the agenda of the Oil Ministry to help increase Iran's oil refining capacity by 1.5 times in five years, the new oil minister said.
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Publish Date:12/September/2021 | 13:30

Synthetic Oil Supplied to Abadan, Isfahan Refineries

EghtesadOnline: Close to 28 million barrels of synthetic oil have been supplied by the National Iranian South Oil Company via pipelines to Abadan and Isfahan refineries as feedstock over the last 14 months, the head of the company’s Production Department said.
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Publish Date:01/September/2021 | 24:56

Oil Jumps as Storm Approaches Gulf of Mexico Production Hub

EghtesadOnline: Oil costs rose on Friday on worries about disruptions, as power corporations started shutting in production within the Gulf of Mexico in view of a possible hurricane forecast to hit by the weekend.
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Publish Date:28/August/2021 | 14:36

Raeisi: No Concerns Over Oil Export

EghtesadOnline: President Ebrahim Raeisi said Iran is not concerned about finding customers for its oil and it has different options to continue the export of crude and oil derivatives.
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Publish Date:24/August/2021 | 19:19

Tabriz Refinery Taking Measures to Compete With International Rivals

EghtesadOnline: Tabriz Oil Refinery in East Azarbaijan Province has invested $500 million in development projects over the last 10 years to be able to compete with rivals in international markets, managing director of the company said.
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Publish Date:10/August/2021 | 13:15

Substantial Rise in Oil, Gas Extraction From Joint Fields

EghtesadOnline: Oil and gas extraction from joint fields, including the giant South Pars Gas Field in the Persian Gulf and West Karoun Oil Block in the southern Khuzestan Province, has increased substantially over the last decade.
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Publish Date:02/August/2021 | 14:13

Oil Prices Drop, But Steep Gain Expected

EghtesadOnline: Oil prices dropped on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in Covid-19 infections across the globe.
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Publish Date:31/July/2021 | 14:21