Total:33
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2022-07-13 11:38
Iran’s June oil output rises 31,000 bpd: OPEC
TEHRAN - Iran produced 2.574 million barrels per day (bpd) of crude oil in June, registering a 21,000-bpd increase compared to the figure for the previous month, according to OPEC’s latest monthly report published on Tuesday.
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2022-07-08 15:21
‘NIOC ready to return to maximum oil production level’
TEHRAN- National Iranian Oil Company (NIOC) is now ready to return to the maximum level of oil production, the NIOC director for supervising oil and gas production stated.
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2022-07-02 15:12
Iranian oil output surges 16% in 2021: BP
TEHRAN – British Petroleum, in its latest global energy report dubbed “Statistical Review of World Energy” has said Iran’s oil production increased by 16.1 percent or 540,000 barrels per day (bpd) in 2021 despite the U.S. sanctions.
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2022-04-29 14:19
Iran boosts oil exports as China cuts imports from Russia
TEHRAN – Iran is boosting oil exports in the current year as major oil buyers like China are cutting back imports from Russia due to the war with Ukraine, the Wall Street Journal reported, citing data from commodity data provider Kpler.
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2022-02-04 13:17
Oil market requires Iranian oil supply to balance: Oji
TEHRAN – Iranian Oil Minister Javad Oji has said the global oil market requires Iranian crude oil supply to meet the current demand and maintain balance, Shana reported.
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2022-01-26 13:27
Oil output planned to reach 5.7m bpd in 8 years
TEHRAN – National Iranian Oil Company (NIOC) plans to increase the country’s crude oil production capacity to 5.7 million barrels per day (bpd) over the next eight years, Karim Zobeidi, NIOC’s director of corporate planning, said.
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2022-01-11 15:19
Oil, gas condensate output expected to rise next year
TEHRAN – Considering the new resource allocations for the development of the oil industry in the budget bill for the next Iranian calendar year (starts on March 21), the country’s crude oil and gas condensate production is expected to increase by 144,000 barrels per day (bpd) in the next fiscal year.
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2021-11-28 13:31
Iran eyes boosting oil production capacity to pre-sanction level by next March
TEHRAN – Head of the National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr has said his company is planning to boost the country’s oil production capacity to the pre-sanction levels or four million barrels by the end of the current Iranian calendar year (March 20, 2022), Shana reported.
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2021-09-03 15:33
Iran determined to boost oil exports despite sanctions: Oji
TEHRAN – Iranian Oil Minister Javad Oji has said the Islamic Republic is determined to increase its oil exports despite the U.S. sanctions on the country’s oil industry, adding that the use of oil sanctions as a "political tool" would harm the market.
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2021-07-03 14:20
Iran to return to oil market in shortest possible time post-sanctions: Zanganeh
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has said his country will return to the oil market in the shortest possible time after the removal of the U.S. sanctions on the country’s oil industry, ISNA reported.
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2021-06-09 15:42
‘NIOC prepared to boost oil output to pre-sanction levels within a month’
TEHRAN – National Iranian Oil Company (NIOC) has taken all the necessary measures and is ready for boosting oil output to the pre-sanctions level within a month, a senior official with the company announced.
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2021-06-06 11:38
Post-sanction Iran able to boost oil output to 6m bpd: Lukoil
TEHRAN - Vice President of Russia’s giant Lukoil Company has said Iran is able to quickly boost its oil output to six million barrels per day (bpd) if the U.S. sanctions are lifted, Russian state-owned Tass reported.
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2021-06-02 12:27
Iran will return to oil market as soon as sanctions are lifted: Zanganeh
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has said Iran is ready to return to the oil market as soon as the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) is revived and the U.S. sanctions are lifted, Shana reported.
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2021-05-16 15:43
Iran preparing for a strong comeback to oil market
TEHRAN - Iran is gradually boosting crude oil production to get ready for a strong comeback into the global market as the talks with world powers over the 2015 nuclear deal show signs of progress.
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2021-05-04 15:09
Iran ready to raise oil exports to 2.5m bpd post sanctions
TEHRAN – Iran’s First Vice-President Eshaq Jahangiri has said the country is able to increase its oil exports up to 2.5 million barrels per day (bpd) once the U.S. sanctions are lifted.
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2021-05-01 15:45
Iran continues to raise oil output in April: survey
TEHRAN – Iran has continued boosting its crude oil output in April as the country is getting prepared for a comeback into the oil market, a survey conducted by Reuters showed.
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2021-04-23 14:21
Iran oil exports in April still above 2020 levels: report
TEHRAN - Iranian crude oil exports in April have remained above the level of exports during the same period in 2020, Reuters reported, stating that this is an indication of recovery in Iran’s oil exports as talks for reviving the 2015 nuclear deal progress.
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2021-02-27 15:52
Iran’s oil exports to rise 6.8% in 2021 if U.S. rejoins nuclear deal: report
TEHRAN – Fitch Solutions Incorporation, a subsidiary of Fitch Ratings, which is one of the U.S.’s three biggest credit rating agencies, has forecasted a 6.8-percent growth for Iranian oil exports in 2021 if the U.S comes back to the 2015 nuclear deal.
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2021-01-29 14:15
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.
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2021-01-17 14:37
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.
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2020-10-30 15:19
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.
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2020-07-08 13:48
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.
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2020-05-13 14:33
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.
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2020-04-10 10:18
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.
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2020-02-14 14:19
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.
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2019-12-06 13:50
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.
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2019-08-28 18:17
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.
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2019-08-17 19:00
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.
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2019-07-22 17:26
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.
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2019-07-08 19:55
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.