Oil

Minister says oil industry demands can be met by relying on indigenous potential

Petroleum Minister Paknejad stated Iran can meet its oil industry needs through domestic capabilities.

Iran and Russia discuss developing oil cooperation

Iranian and Russian oil officials underlined developing bilateral cooperation.

Iran to resume offshore oil and gas exploration in the Persian Gulf after five-year hiatus

Jafari, a senior official at the National Iranian Oil Company, said exploration operations at sea had been halted since 2019 due to a shortage of offshore rigs.

Iran’s oil sales in accordance with international standards: Ministry

Iran says its oil trade complies with all accepted standards, rejecting allegations that the country used forged documents on its tankers.

Oil industry nationalization revealed Iran’s resolve to resist intimidation: Foreign Ministry

The nationalization of the oil industry in 1951 opened a new chapter in the national development of Iran.

Iran says its oil exports cannot be stopped

Government spokesperson Fatemeh Mohajerani says Iran’s exports of oil cannot be stopped despite sanctions imposed against the country.

Iran raises light crude price for Asian customers in March 2025

Iran announces an increase in the price of its light crude oil for Asian customers in March 2025 for the second consecutive month.

Minister says US maximum pressure campaign has failed

Iran’s Petroleum Minister Mohsen Paknejad says the US maximum pressure campaign against Iran has failed.

Iran condemns new US sanctions targeting oil sales

A spokesperson for Iran’s Foreign Ministry said the country holds the United States accountable for the consequences of the unilateral sanctions.

Imposing unilateral sanctions destabilizes oil markets: Iranian minister

Iran’s Petroleum Minister Mohsen Paknejad says imposing unilateral sanctions on major oil producers destabilizes oil and energy markets and hurts international consumers.

Administration to announce good news about oil industry soon: Spokesperson

The news will be related to job opportunities, investment development, and economic prosperity, according to spokesperson Fatemeh Mohajerani.

Iran’s oil output to rise by 40,000 bpd with new desalination plant in Ahvaz

Official says Iran’s oil exports are unstoppable

Iran sets official crude oil prices for January 2025

Iran private sector operates 1st oil dock in South Pars

Bushehr, IRNA - The first oil dock built by the Iranian private sector has become operational in Kangan located in the southern province of Bushehr.

Iran appoints new representative to OPEC

Tehran, IRNA - Iranian Oil Minister Mohsen Paknejad has appointed Ali Mohammad Mousavi as Iran’s governor to the Organization of the Petroleum Exporting Countries (OPEC).

‘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.

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.

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.

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.  

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.

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.

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.

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.