Oil and gas exploration is currently underway near Azerbaijan’s border and in Iran’s northwestern Ardabil province, head of the Exploration Department at the National Iranian Oil Company Mohyeddin Jafari said.
China said it would take necessary measures to protect the legitimate rights of Chinese companies and citizens after the United States imposed sanctions linked to Iran’s oil trade.
Despite sanctions, Iran managed to achieve a new oil production record, the highest in the past 7 years due to maintenance work and the commissioning of the Azadegan field. Iran continues to break hydrocarbon production …
Claims that Iran has changed its export terms and sales methods are false and untrue
The US has announced sanctions against several companies involved in transporting Iranian oil while mislabeling it as Iraqi crude.
Iran's National Iranian Drilling Company (NIDC) has drilled and completed 48 oil and gas wells across onshore and offshore regions during the first four months of the current Iranian year (March-July), marking a year-on-year increase of 17 wells.
Iran's Central Bank reports an 11% annual growth in the oil and gas sector's value from March 2024 to March 2025. This sector accounted for more than 8% of the total gross domestic raw material product.
The measure was taken as part of the maximum pressure policy
In 2019, NIOC exhausted its supply of offshore drilling platforms
Iran's Arvandan Oil and Gas Production Company (AOGPC) has continued the development of the joint Arvand oil field with Iraq by placing a drilling rig at the oil …
Iran’s oil production increased by 13% in 2024, according to the Organization of the Petroleum Exporting Countries (OPEC) data. Iran’s oil production had reached an average of 3.257 million barrels per day last year - an …
Head of the Iranian National Oil Company (NIOC) Hamid Bovard stressed that the report of Iran's crude oil export decline is false. He pointed out …
The U.S. State Department said it is eyeing measures to clamp down on Iran’s oil exports, Politico reported. Despite the tightening of sanctions on Iran’s economy in recent years, the country’s exports of crude …
Iran’s outgoing administration has managed to increase crude production to 3.6 million barrels per day, Iran’s Oil Minister Javad Owji …
Iran is prepared to sign contracts worth $2 billion to develop oil fields, CEO of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr …
Iran's foreign trade increased by nearly 48% and reached $10.420 million in March-April. Iran's trade balance, including crude oil, gas …
Iran’s oil production increased by 50,000 barrels per day (bpd) in the first two months of 2024 to hit 3.2 million bpd, the International Energy Agency (IEA) reported. The IEA report said …
Iranian President Ebrahim Raisi inaugurated several major projects during his visit to Khuzestan in southwestern Iran. The head of state inaugurated operation of Sepehr and Jofeir oil fields in the West Karun region. Raisi …
Iranian Oil Minister Javad Owji expressed hope that cooperation with Russia in the energy sector will expand. Speaking at a meeting of the intergovernmental commission on trade and economic cooperation between Russia and Iran in Tehran, …
Iran’s oil production has increased to 3.4 million barrels per day (bpd), spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters’ Union Seyyed Hamid Hosseini said. “The latest reports show …
