Iran's oil exports rising in Jan. despite sanctions: trackers

TEHRAN- Iranian oil exports are climbing in January after a boost in the fourth quarter despite U.S. sanctions, Reuters reported based on figures from SVB International and two other firms.

Iran ready to raise oil output to pre-sanction level

TEHRAN - Managing director of National Iranian South Oil Company (NISOC) said on Sunday that Iran is ready to rapidly increase its oil production back to the pre-sanction levels, IRNA reported.

Iran on verge of regaining its oil market share: Bloomberg

TEHRAN – As one of the world’s major oil producers Iran is expected to regain its market share, lost to rivals due to the U.S. sanctions, in case Joe Biden, who is leading in most polls, replaces Trump as the U.S.’s next president, Bloomberg reported.

By Mohammad Mazhari

Reasons why Iran backs Venezuela

As two oil-producing countries under U.S. sanctions, Iran and Venezuela have been working in recent years to strengthen geopolitical ties to relieve U.S. pressure and find a solution to improve their economies.

Iran's oil production not halted by coronavirus outbreak: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh says the coronavirus outbreak has not halted oil production in the country, Shana reported.

By Haniyeh Sadat Jafariyeh

Intl. oil market cornered by coronavirus, Iranian economy remains resilient: energy expert

TEHRAN – President of Vienna Energy Research Group believes the Iranian economy was oil-reliant but the country learnt, under US sanctions, how to scaffold its oil industry and economic structure over the years. Presently, Iran is not a loser in the coronavirus-hit global oil market.

Iran’s January oil output at 2.086m bpd: OPEC

TEHRAN - Iran produced 2.086 million barrels per day (bpd) of oil in January, a 9,000-bpd decrease from 2.095 million bpd in December 2019, according to OPEC’s latest monthly report published on Wednesday.

No limitations on Iran’s oil output acceptable: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran would not accept any limitations on its oil output and will produce at its full capacity when the U.S. sanctions are removed, Shana reported.

Oil output could easily be restored to pre-sanction levels: Zanganeh

TEHRAN - Iran’s Oil Minister Bijan Namdar Zanganeh has denied the idea of U.S. sanctions’ long-term impact on the country’s oil production and exports capacity, saying output could be back to normal very quickly once the sanctions are removed.

Iranian heavy crude oil price rises $1.77 per barrel in July: OPEC

TEHRAN- Iranian heavy oil price increased $1.77 in July, according to OPEC’s latest monthly report published on Friday.

Iranian oil irreplaceable, Zanganeh says

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said no country can replace Iranian oil in the global market, Mehr news agency reported on Sunday.

Daily gasoline output to surpass 110m liters soon

TEHRAN- The daily production of gasoline in Iran will exceed 110 million liters in the upcoming week to mark a new record in the country’s gasoline production history, Tasnim reported, quoting Iranian oil minister as saying on Sunday night.

Iran produced 4.156m bpd of crude oil in 2018: BP

TEHRAN– Major multinational oil and gas company British Petroleum (BP), in its latest world energy report called “BP Statistical Review of World Energy”, has put Iran’s crude oil production at 4.156 million barrels per day (bpd) in 2018.

Oil production in Iran’s flood-stricken regions back to normal

TEHRAN – Oil fields in flood-stricken regions of Khuzestan Province in southwestern Iran are once again operational and the production is back to normal, IRNA reported on Sunday.

Iran’s offshore oil production steady: IOOC

TEHRAN – The managing director of Iranian Offshore Oil Company (IOOC) said the country’s offshore oil production hasn’t experienced any reduction and some of the May cargoes have been loaded to be shipped, Bloomberg reported.

Iranian heavy crude oil price rises $2.78 per barrel in March.: OPEC

TEHRAN- Iranian heavy oil price increased $2.78 in March, according to OPEC’s latest monthly report published on Tuesday.

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.