oil
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Iran safest, easiest transit route for energy exchanges: Oil min.
EconomyMinister of Petroleum of the Islamic Republic of Iran Javad Owji referred to the country’s geopolitical position in connecting Asia to Europe as well as the Caspian Sea to the Persian Gulf, emphasizing that Iran is the safest and easiest route for energy exchange and transit to international waters.
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‘Enemies’ attempts to infiltrate Iran oil industry foiled’
EconomyDeputy Oil Minister for Research Affairs Vahidreza Zeidifard has said that enemies of the Islamic Republic of Iran are constantly trying to infiltrate the country’s oil industry, calling on all staff members to remain vigilant as they have already thwarted threats in the past two years.
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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.