Iran Oil and Gas Industry

Iran oil output reaches 3.3 million bpd in April: IEA

TEHRAN, May 18 (MNA) – The International Energy Agency (IEA) has said that Iran’s daily oil production increased by 50,000 barrel per day(bpd) in April, hitting 3.3 million bpd.

Cuban ambassador:

Cuban companies keen on signing energy contracts with Iran

TEHRAN, May 08 (MNA) – The ambassador of the Republic of Cuba to the Islamic republic of Iran said on Wednesday that “We are trying to pave the ground for the investment of Iranian companies in the field of oil and gas in Cuba.”

28th Tehran international oil, gas expo kicks off

TEHRAN, May 08 (MNA) – The 28th International Iran Oil and Gas Expo kicked off on Wednesday and will continue till May 11 at Tehran International Permanent Fairground.

Oil minister:

Iran to set new record in oil, gas production this year

TEHRAN, Apr. 17 (MNA) – Iranian Oil Minister Javad Owji said Wednesday that Iran recorded a 20% increase in oil and gas production last year of 1402 (March 21, 2023-2024) in the Iranian calendar, predicting a higher production this year.

More than 250 foreign companies to attend Iran oil, gas expo

TEHRAN, Mar. 28 (MNA) – More than 1,500 domestic and 250 foreign companies will participate in the 28th International Iran Oil and Gas Expo, the public relations department of National Iranian Oil Company (NIOC) announced.

Iran’s oil sector growth exceeds 16% in 1st nine months: CBI

TEHRAN, Mar. 15 (MNA) – The oil and gas sector’s growth in the first nine months of this year of 1402 in the Iranian calendar (March 21-December 21, 2023) grew by 16%, said the Central Bank of Iran (CBI) governor.

Iran's oil minster in Turkmenistan to boost oil, gas coop.

TEHRAN, Jan. 19 (MNA) – Iranian oil minister Javad Owji held a meeting with Turkmenistan’s president and its other high-ranking officials to discuss ways to promote cooperation in the oil and gas fields.

Iran discovers four new oil, gas fields: oil minister Owji

TEHRAN, Oct. 04 (MNA) – Iranian Oil Minister Javad Owji has announced the discovery of four new oil and gas fields through exploration operations across the country.

67 oil, gas projects to come on stream by mid-March 2024: VP

TEHRAN, Aug. 16 (MNA) – Iran’s first vice president on Tuesday announced that 67 oil and gas projects will be put into operation by the end of the current Iranian calendar year (March 19, 2024).

Iran’s gas sector investment at $1.35bn in 2 years to July

TEHRAN, Aug. 08 (MNA) – Iran has invested the equivalent of $1.35 billion in its natural gas sector in the two years to July this year, according to the CEO of the National Iranian Gas Company (NIGC).

Iran’s natural gas output up 2% in 2022: OPEC

TEHRAN, Jul. 23 (MNA) – Figures by the Organisation of the Petroleum Exporting Countries (OPEC) show that Iran’s natural gas production rose by 2% in 2022 despite sanctions imposed on the country’s energy sector.

Iraq pays all gas debt to Iran: NIGC head

TEHRAN, Jun. 25 (MNA) – The National Iranian Gas Company (NIGC) managing director said on Sunday that Iraq has settled all bills related to imports of natural gas from Iran.

Iranian company to equip Venezuela gas compressor stations

TEHRAN, Jun. 15 (MNA) – An Iranian knowledge-based company receiving support from the Ministry of Petroleum will equip Venezuela’s gas compressor stations.

Iran's gas exports rise by 17% in 2022

TEHRAN, May 22 (MNA) – The National Iranian Gas Company raised its natural gas exports in 2022 by 17%, the managing director of Iranian Gas Transmission Company said.

Iran, Russia sign 8 MoUs, 2 contracts in different oil fields

TEHRAN, May 17 (MNA) – Iran and Russia signed as many as 10 agreements and memorandums of ‎understanding (MoUs) on cooperation in the oil industry on Wednesday.

American research center:

Iran world’s top oil pipeline developer despite sanctions

TEHRAN, May 14 (MNA) – An American energy research center has said in a report that Iran tops the other countries in the world with regard to the development of oil pipelines.

China announces massive oil and gas discovery in north

TEHRAN, Mar. 04 (MNA) – Chinese state-owned oil and gas corporation CNOOC has announced the discovery of a major oilfield with light crude reserves of 100 million tons in the Bohai Sea, which stretches along the country’s northern coastline.

Iran eyes 50% gas output growth by 2029

TEHRAN, Feb. 13 (MNA) – The CEO of the National Iranian Oil Company (NIOC) announced the implementation of plans to increase gas production of the country by 50% by 2029.

Iran Rich gas output hits 1.04 bcm/d

TEHRAN, Dec. 31 (MNA) – National Iranian Oil Company (NIOC) produces 1 billion and 40 million cubic meters of gas daily from 23 gas fields in the country, said a NIOC official.

Iran adds 10 mcm/d to Gas Output by plant overhaul

TEHRAN, Dec. 28 (MNA) – The CEO of the National Iranian South Oil Company (NISOC) said that by the end of the NGL 1000 overhaul operations, 10 million cubic meters per day of gas was added to the gas production capacity of the country.

Iran gas output from South Pars hits 0.7bcm/d

TEHRAN, Dec. 18 (MNA) – The CEO of Pars Oil and Gas Company (POGC) said the daily gas production from the South Pars joint gas field has reached 700 million cubic meters.

Russia largest foreign investor in Iran’s oil industry in H1

TEHRAN, Oct. 22 (MNA) – Statistics showed that $2.7 billion worth of foreign investment made in the Iranian oil and gas sector in first half of the current Iranian year of 1401 (from Mar. 22 to Sep. 22), the total of which belongs to Russia

Iran builds 1st refinery in Venezuela: oil minister

TEHRAN, Oct. 16 (MNA) – The Iranian oil minister Jawad Owji said Sunday that the first refinery built by Iran in an overseas country is El Palito refinery in Venezuela.

Iran gas export revenue up 64%

TEHRAN, Aug. 28 (MNA) – The CEO of the National Iranian Gas Company (NIGC) said the country’s gas export revenue rose by 64% in the first year since President Raeisi took office in September 2021.

France wants Iran, Venezuela return to oil markets

TEHRAN, Jun. 27 (MNA) – France wants sanctions-hit Iran and Venezuela to return to the oil markets to ease the pressures from Russian sanctions that has spiked prices, a French presidency official said on Monday.

VP Mokhber:

Developing relations with Russia ‘Iran’s strategic policies’

TEHRAN, May 26 (MNA) – Emphasizing the serious will of Islamic Republic of Iran for establishing all-out relations with Russia, First Vice President said that developing relations with Moscow in all fields is one of Tehran's strategic policies.

Iran resumes fuel exports to Afghanistan: report

TEHRAN, Aug. 23 (MNA) – Iran restarted exports of gasoline and gasoil to Afghanistan a few days ago, following a request from the Taliban, a report by Iran’s Oil, Gas and Petrochemical Products Exporters’ Union said on Monday.

Venezuela needs $77.6 bn to rebuild gas, oil industry

TEHRAN, May 12 (MNA) – Venezuelan state-owned oil giant Petroleos de Venezuela SA (PDVSA) believes it needs $77.6 billion investment to rebuild the country's oil and gas industry.

Iran yearly gas output up 6%

TEHRAN, Mar. 28 (MNA) – The Deputy Director of Dispatching Operations at the National Iranian Gas Company (NIGC) announced a 6% increase in Iran’s annual sweet gas production.