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Iran’s Oil Explorations Up 300% in 2 Years: NIOC Director

The explorations manager of the National Iranian Oil Company (NIOC) said the country’s oil explorations registered a 300% growth in two years of the administration of President Ebrahim Raisi, who assumed office in August 2021.
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Publish Date:12/March/2024 | 24:27

Iran’s Oil Industry Attracts $4.8 bln of Foreign Investment in 11 Months

Iran’s minister of economic affairs and finance said the largest foreign investment within the framework of Foreign Direct Investment (FDI) has been made in the country’s oil industry in the 11 months of the current Iranian calendar year (started March 21, 2023).
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Publish Date:28/February/2024 | 24:45

Iran's oil minister due in Venezuela for talks

Iranian Oil Minister Javad Owji departed for Caracas on Wednesday to hold talks with his Venezuelan counterpart and other high-ranking officials of the Latin American country.
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Publish Date:31/January/2024 | 22:53

Iran’s Crude Oil Production Exceeds 3 Million bpd in November: OPEC

According to the latest report released by the secretariat of the Organization of Petroleum Exporting Countries (OPEC), Iran’s crude production volume in November 2023 reached 3.128 million barrels of oil per day (bpd), showing a hike of 7,000 barrels compared to a month earlier.
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Publish Date:16/December/2023 | 13:14

Iran’s Oil Output Hits 3.1 Million bpd in October: EIA

The US Energy Information Administration (EIA) in its latest report said Iran produced 3.1 million barrels of oil per day (bpd) in October 2023, stabilizing its third place in the Organization of Petroleum Exporting Countries (OPEC).
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Publish Date:29/November/2023 | 23:44
NIOC CEO:

Iran oil production to hit 3.5m bpd by mid-March 2024

EghtesadOnline: Iran’s oil production will increase to 3.5 million barrels per day from 3.3m bpd by the end of the current Iranian calendar year (March 19, 2024), said the National Iranian Oil Company (NIOC) managing director on Monday.
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Publish Date:19/October/2023 | 12:44

S. Korea Imports 167K bpd of Iranian Oil in June

EghtesadOnline: South Korea’s imports of Iranian oil fell 40.3% in June from the same month a year ago to their lowest since January 2015, as the country’s buyers’ slashed purchases ahead of the reimposition of US sanctions targeting Iran.
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Publish Date:18/July/2018 | 13:00

Int'l Oil Consortium to Stay

EghtesadOnline: Amid a growing number of companies preparing to leave Iran as US sanctions kick in, an international oil and gas consortium has announced it will stay in the country.
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Publish Date:20/June/2018 | 14:12

South Korea's May Iran Crude Imports Decline

EghtesadOnline: South Korea’s Iranian crude oil imports fell in May to their lowest since January 2016, as South Korean buyers sought to reduce purchases of Iranian oil amid new US sanctions on Iran.
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Publish Date:20/June/2018 | 14:06

Iran Could Scuttle Attempts to Increase OPEC Output

EghtesadOnline: Iran, or any other member of the Organization of Oil Exporting Countries, can unilaterally thwart efforts to reach an agreement to raise the group’s oil production, as it requires a 100% consensus to secure a new pact, a prominent Iranian energy analyst from London University said.
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Publish Date:20/June/2018 | 14:05

Iran's First Crude Shipment to Chile in 16 Years

EghtesadOnline: An oil tanker hauling Iranian crude is making the first delivery to Chile in at least 16 years, a sign the Persian Gulf country may be seeking out new customers for its oil in the face of renewed US sanctions.
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Publish Date:10/June/2018 | 09:39

Moscow to Ditch Dollar in Oil Trade

EghtesadOnline: Russian Energy Minister Alexander Novak said the country is considering an option of making oil payments in national currencies, particularly with Turkey and Iran.
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Publish Date:10/April/2018 | 06:58