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 …
Iranian Oil
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's oil minister voices hope for expansion of Moscow-Tehran energy cooperation
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 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 …
New oil and gas fields discovered in Iran
Iranian Oil Minister Javad Owji announced that Iran has uncovered four new oil and gas fields in the past two years. Owji revealed that …
Iran's oil prices increasing
Iranian oil prices experienced a significant increase of $6.1 per barrel in August, according to recent data from the Organization of Petroleum Exporting Countries (OPEC). These figures reveal that Iran supplied oil to its …
Iranian oil spilled in Persian Gulf
The oil leak from an underwater pipeline occurred in Iran. The spill was recorded in the Genaveh region on the Persian Gulf.
Iran to boost oil production
Iran's crude oil output will reach 3.4 million barrels per day (bpd) by the end of September, the country's oil minister Javad Owji said, despite U.S. sanctions remaining in place. "Our current crude oil …
Iran oil output to rise by summer end
Iran will soon produce 3.5 million barrels of oil per day, chief executive of National Iranian Oil Company (NIOC) Mohsen Khojastehmehr said. According to him, global supply while other crude producers are limiting output. …
Russia, Iran consider cooperation in petrochemistry
Iranian Deputy Oil Minister Morteza Shahmirzae addressed the Russian authorities with a proposal to jointly develop cooperation in the petrochemical sector at the Rosplast-2023 exhibition in Moscow
Iran oil production exceeds 3 million barrels per day
Iranian oil production has surpassed 3 million barrels per day, Iran’s Oil Minister Javad Owji said, according to the Oil Ministry’s website SHANA. “Over the last 20 months, Iran’s oil production has reached …
Iran hits record oil exports
Iran over the past 12 months has exported record volumes of oil in four years. During the year, gas exports from Iran increased by 15%.
Iran eyes 1.5 bcm/d gas output by 2030
Iranian Deputy Petroleum Minister for Planning Hoshang Fallahtian said that Iran must invest $ 80 billion to increase its gas production within the next eight years to 1.5 billion cubic meters per day. "Iran is one of the oil-rich …
Russian companies invest $4.5 bln in Iran’s oil and gas projects
Russian companies and investors made contracts for development of oil and gas fields in Iran worth $4.5 bln, Oil Minister of Iran Javad Owji said on Monday. "Russian companies and investors made contracts with Iran at the moment …
Turkey seeks Saudi partnership cooperation as it plans to be an energy hub to Europe
Turkey is seeking more cooperation with Saudi Arabia and other countries as it plans to be an energy hub to Europe, its finance minister Nureddin Nebati said. “Turkey from its geographical position is an energy corridor from …
Russia preparing plan to develop 8 Iranian oil and gas fields
Russia’s state petroleum company Gazprom is expected to finalize deals in the near future to develop six oilfields and two gas fields in Iran, Iranian deputy oil minister Ahmad Assadzadeh said. Assadzadeh, who heads international …
Iran pours another 500,000 barrels of oil into storage in Persian Gulf
The Iranian oil company "Continental Plateau" announced the completion of the reconstruction and repair of the 4th oil tank in the Behregan area in the waters of the Persian Gulf. Due to the reconstruction of the fourth …
Iran may have as much 93 million barrels ready to be tapped
About 93 million barrels of Iranian crude and condensate are currently stored on vessels in the Persian Gulf, off Singapore and near China, according to ship-tracking firm Kpler, while Vortexa Ltd. estimates the holdings at 60 to 70 million …
Oil rises on prospect of OPEC supply cut, demand growth
Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural gas prices in Europe, helped offset a dire outlook for U.S. growth. …
Turkey to buy more oil, gas from Iran
Turkish President Recep Tayyip Erdogan has announced that his country would increase its purchases of Iranian oil and gas, a week after meeting with his Iranian counterpart Ebrahim Raisi in Tehran. “Turkey will increase its …
