Oil
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‘Flow of oil from Azerbaijan to Israel via Türkiye must stop’
Tehran, IRNA -- The editor of Quds TV in Türkiye has said the flow of oil from Azerbaijan to the occupying Israeli regime via Türkiye must stop.
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Minister: Iran ready to cooperate in Tajikistan oil and gas projects
Tehran, IRNA – Iran’s Minister of Petroleum has said that Iranian oil exploration and production companies are ready to cooperate in upstream and downstream sectors of Tajikistan's oil and gas industry, and have a presence in international markets.
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US announces sanctions over Iran oil shipment to Syria, East Asia
Tehran, IRNA – The US Treasury Department has announced sanctions on more than a dozen entities and vessels over what it called their involvement in the shipment of Iranian crude oil and liquid petroleum gas to Syria and East Asia.
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Iran president stresses removal of obstacles on trade with Iraq
Tehran, IRNA – Iranian President Masoud Pezeshkian has underlined the need for forming a special working group and designing a long-term plan to remove the hurdles on the way of trade exchanges between Iran and Iraq.
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Iran oil production up by 60% since 2020: Minister
Tehran, IRNA — Oil production in Iran has increased by 60% since March 20, 2020, Iranian Oil Minister Javad Owji says.
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274% increase in Iran's receiving oil revenue in Pres. Raisi's gov't
Tehran, IRNA – Iran’s Ministry of Petroleum has announced that Iran’s oil revenues reached more than $28 billion in the last Iranian calendar year, which shows a 274% increase, despite struggling with severe oil sanctions.
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Turkiye importing Iranian oil after four years
Tehran, IRNA – A report by the statistical office of the European Union (Eurostat) suggests that Turkiye has imported oil from Iran for the first time in four years.
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Iran, Russia sign MoU on energy cooperation
Tehran, IRNA - A memorandum of understanding (MoU) was signed between Tehran and Moscow for the transfer of Russian gas to Iran today, which is a big step towards turning Iran into a regional gas hub and fulfilling the promise of the martyred president.
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Photo: Ahmad Moeini Jam
Opening of Refining and Petrochemical Projects
A sum of 17 oil, refining and petrochemical projects in seven provinces of Iran, with a credit amounting to over $3,900 billion, were put into operation on Monday morning (June 24, 2024) in the presence of Iran's Acting President Mohammad Mokhber in the Ministry of Petroleum.
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Russia says trade exchanges with Iran increases by 48% in Q1 2024
Moscow, IRNA – Deputy Prime Minister of the Russian Federation Alexander Novak has said that the volume of trade between Russia and Iran increased by 48% in the first three months of 2024 compared to the same period last year.
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Petroleum Min: Russia to invest in Iran's new oil fields
Moscow, IRNA – Iranian Petroleum Minister Javad Owji has said that the Russian Federation will invest in Iran's oil fields.
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Minister: Iran, Russia to continue boosting ties
Moscow, IRNA – Iranian Petroleum Minister Javad Owji appreciated Russia for sympathizing with Iran following the martyrdom of President Ebrahim Raisi, and emphasized that the process of developing bilateral relations will continue.
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Iran's first virtual 3D oil exhibition unveiled in Tehran
Tehran, IRNA – The National Iranian Oil Products Distribution Company (NIOPDC) has unveiled its first virtual three-dimensional exhibition in a bid to create a prominent platform for companies to showcase their latest achievements in the field of oil.
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15 major contracts signed on last day of Iran Oil Show
Tehran, IRNA – Some 15 contracts worth $1.1 billion have been signed on the last day of Iran Oil Show.
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Iran Oil, Gas Int’l Exhibition 2024 opens in Tehran
Tehran, IRNA – The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2024) kicked off Wednesday in Tehran with the presence of more than 1,750 domestic and foreign companies.
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Tehran, Islamabad bent on deepening bilateral ties: Pakistani minister
Islamabad, IRNA – Pakistani Minister for Power and Petroleum Musadik Malik has said that there are significant opportunities between Iran and Pakistan to deepen bilateral relations, especially in commercial and economic fields.
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Iran’s oil output up 630,000 bpd y/y in Jan-March: Report
Tehran, IRNA – The US Energy Information Administration (EIA) has announced in its latest report that Iranian oil production has surpassed 3,250 million barrels per day (bpd), indicating that Iran’s oil production increased by 630,000 bpd year-on-year from January to March.
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Iran leads OPEC members in production in March 2024
Tehran, IRNA — Iran produced nearly 3.2 million barrels of crude oil in March, up 28,000 barrels from February, leading the members of the Organization of Petroleum Exporting Countries (OPEC) in production.
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Iran’s oil output up 50k bpd in 2024
Iran’s oil production increased by 50,000 barrels per day (bpd) in the first two months of 2024 to hit 3.2 million bpd, according to a recent report by the International Energy Agency (IEA).
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Iran awards $20bn worth of natural gas contracts to domestic companies
Tehran, IRNA - The contract to increase the pressure of South Pars was signed with the presence of Iranian companies and contractors with an investment of $20 billion and more than $900 billion will be earned by the country with the implementation of this plan.
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Iran’s oil output rises by 50K bpd
Tehran, IRNA – The oil production of the Islamic Republic has increased by 50,000 barrels per day (bpd) due to the exploitation of two new oil fields in Iran.
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Iran’s Owji meets Iraqi, Angolan oil ministers in Algiers
Tehran, IRNA – Iranian Oil Minister Javad Owji has held talks with his counterparts from Iraq and Angola in separate meetings on Saturday.
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US ramps up looting of Syria’s oil and grains: Report
Tehran, IRNA – US occupation forces have ramped up the theft of Syria’s resources, especially oil and grains, according to a report.
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US illegally seizes over 500,000 barrels of Iranian oil
Tehran, IRNA – The United States Department of Justice has announced that it has seized more than 500,000 barrels of Iranian oil.
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Iran’s oil output hits five-year record: Bloomberg
Tehran, IRNA – A recent report by Bloomberg says Iran has set a five-year record in oil production in 2023.
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Iran’s oil export at $34bn in 9 months to September: IEA
Tehran, IRNA – Figures by the International Energy Agency (IEA) show that Iran earned about $34 billion in oil export revenues in the nine months to September 2023.
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Iran’s Owji in Turkmenistan to boost oil and gas cooperation
Tehran, IRNA - Iranian Oil Minister of Javad Owji has met with Turkmenistan’s president and other high-ranking officials to discuss ways to promote cooperation in the oil and gas sector.
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Sources reject reports about decline in Iran’s oil exports to China
Tehran, IRNA – Different sources have rejected reports according to which Iran has declined oil exports to China, demanding higher prices.
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Iran, Iraq ink oil, gas MoUs
Tehran, IRNA – Tehran and Baghdad have signed several memorandums of understanding to expand cooperation in the oil, gas, and petrochemical sectors.