Crude Oil

Iran exports over $23 billion crude oil in H1: IRICA

TEHRAN, Oct. 06 (MNA) - The Islamic Republic of Iran Customs Administration (IRICA) said that $23.2 billion of crude oil was exported from the country in the first six months of the current Iranian calendar year (started March 21, 2024).

Iran’s crude oil price rises in H1 2024: OPEC

TEHRAN, Jul. 11 (MNA) – The latest report of the Organization of Petroleum Exporting Countries (OPEC) indicated that the average Iran's crude oil price increased $4.76 per barrel in the first half of the 2024 compared to the same period last year.

China’s import of Iranian crude hits 8-month high

TEHRAN, Jul. 07 (MNA) – China’s independent refiners have increased their crude imports from Iran by 4.3 percent in June to an eight-month high of around 6.1 million metric tons.

Report;

India in talk with Iran to resume crude oil imports

TEHRAN, Jan. 23 (MNA) – Indian sources said the country is willing to resume importing Iranian crude oil, adding that the issue was discussed in recent bilateral meetings held between the foreign ministers of the two countries.

Global crude oil prices fall on demand concerns

TEHRAN, Jan. 22 (MNA) – Global crude oil prices fell on Monday amid persistent demand concerns which offset geopolitical concerns in West Asia and an attack on a Russian fuel export terminal over the weekend, media reported Monday.

Despite US sanctions;

China's independent refiners stocking up on Iran's crude oil

TEHRAN, Sep. 15 (MNA) – Figures show that the demand for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia and as Tehran is stepping up its oil output and exports.

Court papers confirm US theft of 1 mn barrels of Iran's crude

TEHRAN, Sep. 09 (MNA) – Newly unsealed court papers have publicly confirmed that the US government seized almost one million barrels of Iranian crude oil from the Greek-managed tanker M/T Suez Rajan.

Iran daily oil exports surpass 1.4 mn bpd: PBO head

TEHRAN, Aug. 13 (MNA) – Iran has been able to export more than 1.4 million barrels of oil per day(bpd), the head of Planning and Budget Organization (PBO) said Sunday.

Iran crude oil output stands at 3.19 mn bpd

TEHRAN, Aug. 13 (MNA) – Iran’s crude oil production now stands at 3.19 million barrels per day (bpd), the Iranian oil minister said, adding the over production will rise to 3.3 million bpd within the next 10 days.

Iran daily oil output to rise to 3.5mn by summer end: NIOC

TEHRAN, Aug. 09 (MNA) – Iran's crude production will rise to 3.5 million barrels per day (bpd) by September 22, 2023, the managing director of the National Iranian Oil Company (NIOC) said Wednesday.

Businessman says;

Iran to benefit from gas-for-oil barter deal with Iraq

TEHRAN, Jul. 30 (MNA) – A senior Iranian businessman says a recent deal between Iran and Iraq to swap Iranian gas and electricity for Iraqi crude oil and mazut will benefit Iran and will remove hurdles created by the US in energy trade between them.

Report:

Iran net oil export revenue hit $54 bn in 2022

TEHRAN, Jul. 01 (MNA) – US Energy Information Administration (EIA) estimated that Iran's net oil export revenue hit $54 billion in 2022.

Iran increases oil output to 3 mn barrels per day: Owji

TEHRAN, Dec. 21 (MNA) – The Iranian Oil Minister announced that Iran’s oil production has reached 3 million barrels per day. 

Iran oil exports underway uninterrupted: Owji

TEHRAN, Oct. 04 (MNA) – The Iranian Oil Minister said that Iran's crude oil exports are being carried out without any problems to the target markets.

Iran eyes 0.2mbd crude oil output capacity rise by March 2023

TEHRAN, Sep. 03 (MNA) – The CEO of the National Iranian Oil Company (NIOC) said an increase of 200,000 barrels per day in Iran's oil production capacity is expected by the end of the current calendar year, which began on March 21.

Russia sees 38% rise in energy export earnings this year

TEHRAN, Aug. 18 (MNA) – Higher oil export volumes, coupled with rising gas prices, will boost Russia's earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document.

NIOC announces Iran crude oil prices for Sep. delivery

TEHRAN, Aug. 16 (MNA) – The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for export to Asian markets in September.