Oil Production
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Iran inaugurates 17 new oil, refining, and petrochemical projects
Tehran, Iran - In a significant boost to the country's energy infrastructure, Iran has officially inaugurated 17 major oil, refining, and petrochemical projects across seven provinces, with a total investment of over 180 trillion rials.
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Minister: Iran oil production to reach 4 million bpd
Tehran, IRNA – Iranian Oil Minister Javad Owji has said that the country plans to increase its daily crude production to 4 million barrels per day (bpd) by late March 2025.
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Iran Oil Ministry signs contracts worth $2bn
Tehran, IRNA – The Iranian Oil Ministry has signed four contracts worth $2 billion, including agreements to develop two oil fields.
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Iran oil output reaches 3.3 million bpd in April: IEA
Tehran, IRNA – The International Energy Agency (IEA) declared a 50,000 barrel per day jump in Iran’s daily oil production in the fourth month of the current year, reaching 3.3 million barrels per day.
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Iran plans to boost oil production by 400,000 bpd: Minister
Tehran, April 30, 2024 - Iran's Oil Minister Javad Owji has announced plans to increase the country's crude oil production by 400,000 barrels per day (bpd).
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Iran oil output up 500k bpd y/y: IMF
Tehran, IRNA – The new statistics released by the International Monetary Fund (IMF) show that Iran's oil production in 2023 saw an increase of 500,000 barrels per day (bpd) in comparison to the previous year, reaching 3.1 million bpd.
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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’s oil output hits 3.2 mn bpd in February: EIA
Tehran, IRNA – The US Energy Information Administration (EIA) has announced in its latest report that Iran produced 3.2 million barrels of oil per day (b/d) in February 2024, stabilizing its third place in the Organization of Petroleum Exporting Countries (OPEC).
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Sanctions, sabotage acts failed to halt Iran’s oil industry progress: Minister
Tehran, IRNA – Iran’s Oil Minister Javad Owji has said that sanctions and acts of sabotage have failed to stop the country’s progress in the oil industry, with the Islamic Republic now exporting its oil to any destination it wants.
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IMF raises Iran 2024 economic growth outlook, cites oil production surge
Tehran, IRNA – The International Monetary Fund (IMF) has increased its outlook of economic growth in Iran for 2024, attributing it to a surge in the country’s oil production.
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Iran ranks first in 2023 oil production rise in OPEC
Tehran, IRNA – The United States Department of Energy has announced that the Islamic Republic of Iran stood in first place among OPEC members in terms of 2023 oil production growth by raising its daily oil production by 330,000 barrels.
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Iran’s crude oil output rises to 3.4 mln bpd
Tehran, IRNA – Iran’s Oil Minister Javad Owji has announced that the country’s crude oil production has reached 3.4 million barrels per day (bpd).