oil
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Iran’s oil output up 5% to 3 mln bpd in August: OPEC data
EconomyIran continued to increase its oil production in August to reach a milestone figure of 3 million barrels per day (bpd), according to figures by the OPEC.
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Iran regains position as third-largest OPEC producer
EconomyIran has produced as much as 3 million barrels per day (bpd) of crude oil in August to regain its position as the third-largest crude oil producer among OPEC member countries, according to the latest OPEC data.
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Iran’s oil exports to China hit historic record in August
EconomyIran’s exports of oil to China hit an all-time record in August despite continued US pressure on the country, according to a report published in the local media citing data from a major international energy data company.
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OPEC output ups amid increased Iranian supplies
EconomyA survey by Reuters shows that the Organization of the Petroleum Exporting Countries (OPEC) oil output rose in August as Iranian supply rose to its highest since 2018.
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Iran's non-oil exports reach $19.3b
EconomyIran has exported 55.9 million tons of goods worth 19.3 billion dollars in the first five months of the current Iranian year (March 21, 2023 to August 22, 2023), according to a recent report by the Islamic Republic of Iran Customs Administration (IRICA).
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Iran to benefit from gas-for-oil barter deal with Iraq
EconomyA senior Iranian businessman says a recent deal between Iran and Iraq to swap Iranian gas and electricity for Iraqi crude oil and mazut will benefit Iran and will remove hurdles created by the US in energy trade between them.
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Iran, world’s 3rd largest gas producer, 8th largest oil producer in 2022: Report
EconomyA recent report by the Energy Institute has put Iran as the world’s third largest gas producer and eighth largest oil producer in 2022.
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Iran's oil exports hit 5-year highs: Reuters
EconomyIran's crude exports and oil output have hit new highs in 2023 despite US sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output, Reuters reported.
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Germany imports oil from Iran despite US sanctions
EconomyData released by a European statistical center shows that Germany has imported a big shipment of oil from Iran for the first time in the past 5 years since 2018.
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Iran oil exports double in 13th gov.: NIOC head
EconomyThe managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.
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Drilling at Iran's oil and gas wells up by 65%
EconomyIran managed to increase by 65 percent horizontal directional drilling from its oil and gas wells in both offshore and onshore regions during the last Iranian calendar year that ended on March 20, 2023, a senior official of the National Drilling Company said on Thursday.
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Iran’s Oil, Gas Incomes Rise 40%: Minister
EconomyIran’s income from the sale of oil and gas during the first ten months of the current Iranian year has grown by around 40 percent year on year, Oil Minister Javad Owji said.
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Iran oil minister holds talks with major Japan oil, gas firms
EconomyIranian Oil Minister Javad Owji held meetings with the executives of top Japanese oil and gas firms in Tokyo.
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Iran oil production rises to 3.17m bpd in 2021
EconomyBritish Petroleum (BP) in its recent statistical review of world energy said that Iran's crude oil and condensate production rose to 3.17 million barrels per day with a growth of 16.1%. in 2021.
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Oil min.:
Iran to earn $115bn revenues in developing Azadegan oilfield
EconomyIranian Minister of Oil said that the development of Azadegan Joint Oilfield will generate over $115 billion worth of revenues and also create 24,000 job opportunities in the country.
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Iran oil exports remain above 1m bpd
EconomyIran continued to export more than one million barrels of oil per day (bpd) in the two first months of new Iranian calendar year (March 21 - May 21).
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Iran, Azerbaijan ink MoU on enhancing bilateral ties
EconomyIranian Minister of Petroleum Javad Owji and Azerbaijani Minister of Economy Mikayil Jabbarov signed a memorandum of understanding to increase Turkmen gas transfers through Iran to Azerbaijan.
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Iran oil Minister travels to Azerbaijan for talks
EconomyThe Iranian minister of Oil travelled to Baku on Wednesday, with expanding oil cooperation between Iran and the Republic of Azerbaijan on his agenda.
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Iran selling oil at good price: Minister
EconomyIran has its own customers in the oil market and continues selling oil at a good price, Iranian Minister of Petroleum Javad Owji announced here on Wednesday.
