Iranian Oil

U.S. to restrict Iranian oil exports

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 …

Iran to develop its new oil fields

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's foreign trade increases

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 increases oil production

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 intensively developing its oil fields

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 production increasing

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 prices increasing

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

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 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 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

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

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 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

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 …

Russia preparing plan to develop 8 Iranian oil and gas fields

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 …