Oil Industry

Trump aide Miller claims Venezuelan oil belongs to US

TEHRAN, Dec. 18 (MNA) – Stephen Miller, a top aide to United States President Donald Trump, has claimed that Venezuela’s oil belongs to Washington, describing the nationalization of the South American country’s petroleum industry as “theft”.

Tehran invites foreign partners to expanded energy Coop.

TEHRAN, Dec. 09 (MNA) – In a meeting with Belarus’s industry minister, Iran’s oil minister emphasized that Tehran has prepared a portfolio of oil and gas contracts aimed at attracting friendly partners.

IRGC general says;

Strait of Hormuz remains world’s most strategic zone

TEHRAN, Dec. 04 (MNA) – Deputy Commander-in-Chief of the Islamic Revolution Guard Corps (IRGC) warned that no country can diminish the global importance of the Strait of Hormuz, stressing Iran’s role in securing the world's key energy corridor.

Venezuela extends Russian oil ventures

TEHRAN, Nov. 21 (MNA) – The Venezuelan parliament has approved a 15-year extension of joint ventures between state company PDVSA and Russian oil firm Roszarubezhneft, according to a statement on the National Assembly’s website.

Oil up over 2% after Ukraine attacks on Russia

TEHRAN, Nov. 15 (MNA) – The Ukrainian strikes on Russia has sent shockwaves through global oil markets, pushing prices up by more than 2% amid fears of supply disruptions.

Iran elected to head GECF Executive Board

TEHRAN, Oct. 23 (MNA) – Iran’s oil minister announced that the country has been elected chair of the Executive Board of the Gas Exporting Countries Forum (GECF).

Iran invites GECF members to invest in its gas projects

TEHRAN, Oct. 23 (MNA) – Minister of Oil Mohsen Paknejad invited GECF members to invest and cooperate in Iran’s natural gas projects, pledging Tehran’s readiness for “any form of joint collaboration.”

Iran proposes new initiatives to boost GECF global influence

TEHRAN, Oct. 23 (MNA) – Iran’s Oil Minister, Mohsen Paknejad, announced that Tehran will present strategic proposals at the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) aimed at strengthening collective interests.

Iran’s oil minister visits Qatar to attend GECF meeting

TEHRAN, Oct. 22 (MNA) – Iranian Oil Minister Mohsen Paknejad has left Tehran for Doha to participate in the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF), scheduled to be held on Friday.

China defies US pressure, upholds legal oil trade with Russia

TEHRAN, Oct. 16 (MNA) – China cooperation “within the framework of international law is reasonable and legal,” Liu Pengyu, spokesman for the Chinese Embassy in the US, told Sputnik.

Iran's oil output vol. increased by 250,000 bpd in Sep.: EIA

TEHRAN, Oct. 13 (MNA) – The US Energy Information Administration (EIA) in its latest monthly report has announced that Iran’s crude oil production volume increased 250,000 barrels of oil per day (bpd) in Sep. 2025 compared to a month earlier.

Iran's oil exports hit levels unseen since 2018: source

TEHRAN, Oct. 07 (MNA) –  Figures released on Monday by a major international tanker tracking service showed that Iran’s oil exports had reached a seven-year record of nearly 2 million barrels per day (bpd) in September.

Iran expects fall in oil revenues in year to late March

TEHRAN, Sep. 30 (MNA) – Iran expects a fall in annual oil export revenues in the calendar year to late March amid lower international oil prices.

Iran’s oil exports in ‘good condition’ despite US sanctions

TEHRAN, Sep. 14 (MNA) – A lawmaker in the Iranian parliament says that Iran’s oil and non-oil exports is at a ‘favorable condition’ in spite of the intensified US sanctions imposed against Iran.

Iran intends to diversify crude sales, boost oil output vol.

TEHRAN, Sep. 13 (MNA) – The chief executive of the National Iranian Oil Company (NIOC) on Tuesday emphasized the need to diversify oil sales methods and increase production using new technologies and new technology-based firms.

Pezeshkian calls for reducing reliance on oil revenues

TEHRAN, Sep. 11 (MNA) – Pezeshkian said the government is prepared to work with producers and entrepreneurs, urging them to identify the areas where state support is most needed.

Hungary uncovers new oil field

TEHRAN, Sep. 11 (MNA) – The field was discovered at a depth of 2,400 meters near the town of Galgaheviz in northern Hungary, the country’s MOL oil and gas company said in a statement.

Minister:

Triggering snapback mechanism not to affect Iran oil exports

TEHRAN, Sep. 03 (MNA) – Iranian Oil Minister Mohsen Paknejad says that possible activation of snapback mechanism will have no effect on Iran’s oil export volume, and in this case, Iran is fully prepared to maintain exports and overcome limitations.

Syria exports first crude oil shipment in 14 years

TEHRAN, Sep. 02 (MNA) – Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, the first known official export of Syrian oil in 14 years.

Oil Minister:

Iran won’t be hand-tied by snapback sanctions

TEHRAN, Aug. 29 (MNA) – Iran’s Oil Minister Mohsen Paknejad says snapback sanctions may create obstacles for oil sales, but Iran is fully prepared to maintain exports and overcome restrictions.

In one year;

Cumulative gas production at South Pars Phase 11 triples

TEHRAN, Aug. 20 (MNA) –  The cumulative gas production from the South Pars Phase 11 development project has tripled under the administration of President Masoud Pezeshkian, Pars Oil and Gas Company announced on Wednesday.

Iran denies reports its oil is stacking up at sea

TEHRAN, Aug. 17 (MNA) – An Iranian Oil Ministry source has denied reports suggesting that the country is grappling with an increasing stock of crude oil held afloat.

China rejects US demand to stop buying oil from Russia , Iran

TEHRAN, Aug. 04 (MNA) – The Chinese Ministry of Foreign Affairs has stated that it has no plans to revise its energy policy due to external pressure. In particular, to the US calls to stop buying oil from Russia and Iran.

Iran denounces US sanctions against energy, oil sectors

TEHRAN, Jul. 31 (MNA) – Iranian Foreign Ministry spokesman has strongly condemned the United States latest round of sanctions as a blatant assault on the Iranian people and their national dignity.

South Pars gas production increases 5m cubic meters this year

TEHRAN, Jul. 28 (MNA) – Gas production at the South Pars Gas Field increases five million cubic meters per day as a result of putting into operation three wells.

Over 600 CNG stations provided free gas during 12-day war

TEHRAN, Jul. 26 (MNA) – The 12-day war and an unprecedented surge in fuel consumption tested the resilience of Iran’s energy infrastructure and industry cohesion.

Despite Trump’s bans;

Iran’s oil exports at all-time records in May

TEHRAN, Jul. 14 (MNA) – Data released by international tanker tracking services show that Iran’s oil exports were at record highs in May despite US President Donald Trump’s continued efforts to impose sanctions on buyers of Iranian oil.

Tehran, Kabul emphasize expanding coop. in oil, gas sector

TEHRAN, May 20 (MNA) – Iran’s oil minister and Afghanistan’s minister of mines and petroleum on Tuesday stressed the need to expand bilateral cooperation in the fields of oil and gas.

US to reduce its military contingent in Syria to 900

TEHRAN, May 17 (MNA) – The United States is withdrawing its troops from Syria and plans to reduce its contingent there to 900.