Oil Production



  • shale 2017-01-02 19:34

    Iran discovers new shale gas reserves

    TEHRAN, Jan. 02 (MNA) – An NIOC official announced that new shale gas reserves have been discovered in west Iran exploration blocks.

  • نفت گاز 2017-01-01 22:34

    Iran to begin crude recovery from joint oilfield

    TEHRAN, Jan. 01 (MNA) – An NIOC official said crude production at South Yaran joint oilfield with Iraq will kick off within months with a daily capacity of 10 thousand barrels.

  • oil 2016-12-28 21:48

    Persian Gulf crude output to rise by 60k bpd

    TEHRAN, Dec. 28 (MNA) – NISOC managing director said plans were made to increase oil output in Persian Gulf by 30 to 60 thousand barrels per day (bpd) in the coming year.

  • نشست جمعی از علمای اهل سنت با رئیس جمهور 2016-12-12 12:21

    Pres. Rouhani:

    Food security part of national security

    TEHRAN, Dec. 12 (MNA) – Iran’s President Hassan Rouhani deemed self-sufficiency in wheat production manifestation of resistance economy, saying food security guarantees part of national security.

  • اوپک 2016-12-06 09:49

    Oil min. to attend OPEC, non-OPEC meeting

    TEHRAN, Dec. 06 (MNA) – Iran’s Oil Minister Bijan Zanganeh will participate at meeting between OPEC and non-OPEC nations to be held in Vienna on Dec. 10.

  • oil 2016-11-30 19:58

    OPEC to limit oil production, Iran exempt from cut plan

    VIENNA, Nov. 30 (MNA) – OPEC members agreed to cut oil production for the first time since 2008 on Wed., during the 171st Meeting of the OPEC Conference held in Vienna.

  • اوپک 2016-11-27 14:51

    Saudi Arabia OPEC spoiler by reneging on vows

    TEHRAN, Nov. 27 (MNA) – On the eve of OPEC Meeting, Saudi Arabia has officially declared a war on oil prices by releasing a tactical letter as well as applying pressure on certain OPEC members.

  • Iran-oil-640.jpg 2016-11-21 17:46

    Oil output capacity soars in Persian Gulf

    TEHRAN, Nov. 21 (MNA) – An IOOC official said volume of Iran’s crude oil production capacity in the Persian Gulf has risen by 10 thousand barrels.

  • روحانی 2016-11-13 15:59

    Rouhani calls for foreign investment in oil industry

    AHVAZ, Nov. 13 (MNA) – Iranian President Hassan Rouhani while hailed the country’s oil industry as a leading industry in tapping post-JCPOA opportunities, said foreign investment was needed for full prosperity.

  • Iran oil.jpg 2016-09-25 14:01

    Iran to ramp up crude output in the Persian Gulf

    TEHRAN, Sep. 25 (MNA) – An IOOC official has reported in new plans to increase Iran’s oil production capacity in the Persian Gulf.

  • oil 2016/09/25

    By: M. H. Azari

    Winners and losers of cheap oil ahead of OPEC summit

    TEHRAN, Sep. 25 (MNA) – The upcoming meeting of OPEC ministers in Algeria in late September has given rise to a great deal of speculation on possible beneficiaries and losers of a freeze deal.

  • Iran oil.jpg 2016-08-31 11:19

    Iran’s oil output to climb by 120k bpd

    TEHRAN, Aug. 31 (MNA) – An official has announced the plan to boost crude oil production at joint fields with Iraq by 120 thousand barrels per day (bpd) before the end of the current Iranian year (began March 20).

  • پالایشگاه 2016-08-27 14:47

    Oil products export capacity hits 500K bpd

    TEHRAN, Aug. 27 (MNA) – Deputy oil minister announced that exports capacity of various Iranian petroleum products has climbed to 500 thousand barrels per day.

  • پارس جنوبی پایانه‌های نفتی 2016-06-19 11:14

    Iran’s new oil export hub becomes operational

    BOUSHEHR, Jun. 19 (MNA) – Farasakou Port, a new hub for exporting Iranian oil products, was put into operation in Pars Special Economic Energy Zone (PSEEZ).

  • oil 2016-04-17 08:33

    Iran to elevate oil exports by 10%

    TEHRAN, Apr. 17 (MNA) – Deputy oil minister has announced that Iran’s daily oil sales will reach two million barrels in coming days.

  • petrol 2016-02-28 10:06

    Iran, Switzerland reach new oil deal

    TEHRAN, Feb. 28 (MNA) – National Iranian Oil Company (NIOC) has reached an agreement with three Swiss oil firms on swap of oil with petrol.

  • نفتکش 2016-02-17 13:15

    Iran beats oil sale record

    TEHRAN, Feb. 17 (MNA) – IOTC managing director has announced that Iran has exported more than 7.1 million crude barrels in 48 hours setting a new record.

  • oil 2016-02-03 14:39

    Crude oil reserves reach 175nb barrels

    TEHRAN, Feb. 03 (MNA) – By the end of the last Iranian calendar year (ended March 20, 2015), country’s crude oil reserves had reached more than 175 billion barrels and the volume of recoverable gas reserves had increased to about 33.5 trillion cubic meters.

  • oil 2016-01-30 09:42

    Iran extracts top-quality oil

    TEHRAN, Jan. 30 (MNA) – A senior Iranian oil official has announced the production of the world’s highest quality oil from a newly drilled Iranian well in the Persian Gulf.

  • oil 2016-01-23 14:24

    Oil production capacity to rise by 90K barrels

    TEHRAN, Jan. 23 (MNA) – Deputy oil minister has announced that the operation of two new oilfields will soon add 90 thousand BPD to the country’s oil production capacity.

  • opec 2016-01-19 15:09

    OPEC expects oil balance to be reached this year

    VIENNA, Jan. 19 (MNA) – The Organization of Petroleum Exporting Countries (OPEC) said today that the return of balance in the oil market might be reached in 2016.

  • oil price 2016-01-19 09:50

    Oil prices drop to lowest level since 2003

    LONDON, Jan. 19 (MNA) – Oil prices were quoted on Monday at their lowest level since 2003, due to a possible increase in Iran's crude oil exports.

  • oil 2016-01-17 16:41

    Iran to reclaim oil market from Saudi Arabia

    TEHRAN, Jan. 17 (MNA) – Deputy oil minister has announced that Iran’s oil market will be taken back from countries like Saudi Arabia in the post-sanction era.

  • oil 2016-01-17 14:17

    Iran to up oil output by 500k bpd

    TEHRAN, Jan. 17 (MNA) – Deputy oil minister has assured that there exists no technical limitation on increasing oil production by 500 thousand barrels per day.

  • نفت گاز 2016-01-02 14:16

    Oil production soars in various operational areas

    TEHRAN, Jan. 02 (MNA) – In time with the countdown for the lifting of oil sanctions, MOGPS has announced an increase in oil production in various operational areas of oil industry.

  • oil 2015-12-23 09:49

    Iran up to attract €10bn oil investment

    TEHRAN, Dec. 23 (MNA) – ICOFC managing director has estimated attraction of 10 billion euros of new investments in Iran’s central oilfields rejecting the halt of oil industry development owing to low production costs.

  • oil 2015-12-19 20:31

    Worth of Iranian oil reserves to rise by $30bn

    TEHRAN, Dec. 19 (MNA) – The scenario to increase the recovery factor of Soroush oilfield by 10 per cent is on the verge of implementation and will add 30 billion dollars to the worth of oil reserves in the Persian Gulf.

  • oil 2015-12-19 10:48

    Iran all set to boost oil production

    TEHRAN, Dec. 19 (MNA) – Deputy oil minister has announced that the country’s daily oil production will rise by 500 thousand barrels in the first stage after sanctions relief.

  • oil 2015-12-14 13:32

    Deputy oil min.:

    Petchem production up by 4.5mn tons within months

    TEHRAN, Dec. 14 (MNA) – Reporting the plan to increase petrochemical production capacity by 4.5 million tons in 100 days, deputy oil minister estimated the industry’s production capacity to reach 70 million tons per year by the end of the next Iranian year.

  • oil 2015-12-14 11:35

    Iran able to produce oil at $1 per barrel

    TEHRAN, Dec. 14 (MNA) – Announcing that Iran can produce oil at 1 to 1.5 dollars per barrel, ICOFC’s managing director said the global market won’t let oil prices remain low for a long time.