Iranian Oil

Iranian oil production hits 7-year high

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 …

Iran increases number of drilled wells

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 oil and gas sector value grows 11%

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.

Iran steps up development of Arvand oil field

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 steps up development of Arvand oil field

Iran’s oil output up nearly 13% last year

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 …

Iran’s oil output up nearly 13% last year

Iran rejects decline in crude oil export

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 …

Iran rejects decline in crude oil export

U.S. to restrict Iranian oil exports

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 …

U.S. to restrict Iranian oil exports

Iran increases production of hydrocarbons

Iran’s outgoing administration has managed to increase crude production to 3.6 million barrels per day, Iran’s Oil Minister Javad Owji …

Iran increases production of hydrocarbons

Iran to develop its new oil fields

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 to develop its new oil fields

Iran's foreign trade increases

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 foreign trade increases

Iran increases oil production

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 …

Iran increases oil production

Iran intensively developing its oil fields

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 …

Iran intensively developing its oil fields

Iran’s oil production increasing

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 …

Iran’s oil production increasing
We use cookies and collect personal data through Yandex.Metrica in order to provide you with the best possible experience on our website.