Iran oil
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Iran oil minister:
US can no longer prevent Iran from oil production, export
Oil Minister of Iran Javad Owji says that the United States can no longer prevent the export and production of Iran's oil.
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Russia to invest in Iran's new oil fields: Oil minister
Iranian Petroleum Minister Javad Owji has said that the Russian Federation will invest in Iran's oil fields.
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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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OPEC+ Deal Sole Way for Global Energy Security: Iran’s Oil Minister
The Iranian oil minister described the agreement made by the OPEC+ members and cooperation among major oil producers as the only option for ensuring the world’s energy security in the short and…
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OPEC+ Extends Deep Oil Production Cuts into 2025
OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US production.
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Iran’s Oil Output Hits 3.3 Million bpd in April 2024: IEA
The International Energy Agency (IEA) said Iran’s oil production volume reached 3.3 million barrels per day (bpd) in April 2024, showing a 50,000 barrels hike compared to a month earlier.
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Iran’s Oil Ministry Has $150 Billion of New, Semi-Finished Projects at Hand
Iran’s oil minister said the administration of President Ebrahim Raisi never waited for foreign companies and negotiations on its nuclear program, adding that the Oil Ministry is currently implementin…
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28th Iran Oil Show Inaugurated in Tehran
The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) was inaugurated in a ceremony at the Tehran Permanent International Fairgrounds Wednesday, attended…
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Iran oil output up 500k bpd y/y: IMF
The new statistics released by the International Monetary Fund (IMF) show that Iran's oil production in 2023 saw an increase of 500,000 barrels per day (bpd) in comparison to the previous year,…
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Iran’s oil price, output surge in March 2024: OPEC
The Organization of Petroleum Exporting Countries (OPEC) in its latest monthly report has said that Iran’s oil production volume increased by 28,000 barrels per day (bpd) in March 2024.
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Iran’s Oil Price, Output Surge in March 2024: OPEC
The Organization of Petroleum Exporting Countries (OPEC) in its latest report revealed that Iran’s oil production volume increased 28,000 barrels per day in March 2024.
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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,…
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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,…
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Iran Indigenizes 80% of Oil Equipment: Deputy Minister
Iran’s deputy oil minister said the country has succeeded in manufacturing 80 percent of oil parts and equipment domestically despite being under sanctions.
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Oil Minister:
Iran ranks 1st among 70 countries in reducing flare gas
The Iranian oil minister said the country’s oil and gas industry ranks first among the major gas exporting and producing countries in reducing flare gases.
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Iran’s Oil Minister, OPEC Chief Discuss Recent Developments in Global Oil Market
Iran’s Oil Minister Javad Owji held talks with Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais on the sidelines of the 7th meeting of heads of the…
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Iran Ready to Export Technical-Engineering Services to Angola: Oil Minister
Iran’s oil minister said the country is ready to export technical and engineering services to Angola.
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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…
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Iran oil minister discusses coop. with Venezuelan officials
Iranian Oil Minister Javad Owji has met with the top Venezuelan officials, including Foreign Minister Yván Gil, during his visit to the Latin American country.
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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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Iran’s oil exports up 50% in 2023: Report
A report shows that Iran’s oil exports increased by half last year despite the United States imposing sanctions on the country.
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Iran to Invest $275 bln for Developing Oil, Gas Fields by 2041: Official
The manager of the National Iranian Oil Company (NIOC) for planning affairs said the country is going to invest about $275 billion by 2041 for the development of the oil and gas fields.
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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…
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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…
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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…
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Iran Oil Nationalization Revisited
EghtesadOnline: The fate of oil management fell into the hands of the revolutionary government in February 1979 and the National Iranian Oil Company began to run all oil sectors, but has oil…
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China Taking Iran Oil
EghtesadOnline: China’s still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation.
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Import of Iran Oil Critical for Success of INSTEX
EghtesadOnline: The governor of the Central Bank of Iran says the European Union’s newly-launched trade mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), needs to be financed…
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Sanctions on Iran Oil Bring US Drivers Pain at Pumps
EghtesadOnline: American middle class consumers are enjoying the strongest wage growth in a decade, but higher gasoline prices are eating a good chunk of that increase for many, and it looks…
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Turkey Eyes US Sanction Waivers on Iran Oil
EghtesadOnline: Turkey "expects" the President Donald Trump administration to grant it waivers from the US related to its purchases of Iranian oil, a top aide to Turkish President Recep Tayyip…