West Karoun oil fields’ output at 350,000 bpd

TEHRAN- Production of oil from West Karoun oilfields has reached 350,000 barrels per day (bpd) in the current Iranian calendar year (ends on March 20), the managing director of Iran’s Petroleum Engineering and Development Company (PEDEC) told IRIB in an interview.

“114 foreign SMEs ready to cooperate in Iran’s oil projects”

TEHRAN – A member of the energy committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Reza Padidar, said 114 foreign small and medium enterprises (SMEs) have expressed willingness to cooperate in Iran’s oil projects, Tasnim reported.

By: Ebrahim Fallahi

Oil’s love triangle ends up with Trump in tears

These days whenever there is talks about oil market three names are inevitably come to surface, the U.S. President Trumps, Russian President Putin and Saudi Crown Prince Mohammed Bin Salman.

Iran’s oil production up 6,000 bpd in May: OPEC

TEHRAN- According to OPEC’s latest monthly report published on June 12, oil production in Iran stood at about 3.829 million barrels per day (bpd) in May, an increase of 6,000 bpd from 3.823 million bpd in April, based on secondary sources.

Iran’s oil output up 10,000 bpd in April: OPEC

TEHRAN- According to OPEC’s latest monthly report published on May 14, Iran’s oil production, based on secondary sources, stood at 3.823 million barrels per day (bpd) in April, rising 10,000 bpd from that of March.

Oil production preserving, boosting projects worth $6b specified

TEHRAN- Iranian Oil Ministry has specified 30 projects worth $6 billion for preserving and boosting oil production in the country, according to an oil official.

West Karoun’s output surpasses 300,000 bpd

TEHRAN- Production from five oilfields of West Karoun region in southwestern Iran has reached 305,000 barrels per day (bpd), Shana reported on Sunday quoting Iranian oil minister.

Iran produces 3.8m bpd of oil, exports 2.6m barrels: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh put the country’s oil production at 3.8 million barrels per day (bpd) of which 2.6 million barrels is exported to world markets, IRNA reported on Monday.

Iran oil production back around pre-sanction level: BP

TEHRAN- Iran’s oil production and its share of OPEC output are now both back around pre-sanction levels, according to BP Statistical Review of World Energy June 2017.

Iran tops OPEC nations in Q1 oil revenue increase

TEHRAN – Iran’s oil revenue has increased about $15 million per day (m/pd) in the first quarter of 2017 compared to the last quarter of 2016, Bloomberg reported citing International Energy Agency (IEA).

Oil production in Iran drops 29,000 bpd in March: OPEC

TEHRAN- Iran’s oil output stood at 3.79 million barrels per day (bpd) in March, with 29,000 bpd drop from 3.819 million bpd in February, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report released on April 12.

Azar oil field’s output to reach 30,000 bpd in spring

TEHRAN- Oil extraction from Azar oilfield will reach 30,000 barrels per day (bpd)  in spring 2017, which corresponds to the first quarter of the current Iranian calendar year (March 21-June 21), ISNA reported.

Iran starts oil recovery from South Pars oil layer

TEHRAN- Iran started pumping oil from the oil layer of South Pars gas field (in the Persian Gulf), on Sunday, Gholam-Reza Manouchehri, the deputy managing director of National Iranian Oil Company (NIOC) for engineering and development affairs, announced.

Iran’s oil output to reach 4m bpd by April 20: NIOC head

TEHRAN- Oil production in Iran will reach four million barrels per day (bpd) by the end of the upcoming Iranian calendar year’s first month of Farvardin (March 20), National Iranian Oil Company (NIOC) Managing Director Ali Kardor announced in an interview with Seda weekly.

Iran’s oil output to reach 4m bpd by Mar. 21

TEHRAN- Oil production in Iran will reach four million barrels per day (bpd) by the beginning of the next Iranian calendar year (March 21) National Iranian Oil Company Managing Director Ali Kardor said on Saturday.

Iran optimistic on OPEC production cuts after Barkindo visit

Iranian Oil Minister Bijan Namdar Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month.