Oil Industry

MP urges President to back offering oil at IRENEX

TEHRAN, Sep. 12 (MNA) – A member of the Iranian Parliament’s economic commission urged the President to support offerings of oil and petrochemical products at Iran Energy Exchange (IRENEX).

New oil min. vows good news in oil sales

TEHRAN, Sep. 02 (MNA) – Iranian Minister of Petroleum Javad Owji promised that good news is to be heard of Iran’s crude oil sales in the coming months.

OPEC+ predicts tighter oil market until May 2022

TEHRAN, Sep. 01 (MNA) –OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said on Tuesday, a day ahead of a policy meeting amid US pressure to raise production.

Iran OPEC status to be Improved: oil minister

TEHRAN, Aug. 27 (MNA) – Iranian Oil Minister Javad Owji said that the effort is to strengthen Iran's position in OPEC and take back its markets.

Venezuela swapped PDVSA oil for food: report

TEHRAN, Aug. 26 (MNA) – Despite US sanctions, Venezuela last year inked a deal with a little-known local company to swap crude for food.

Major pipeline on verge of opening:

Iranian oil to reach Jask within hours

TEHRAN, Jul. 18 (MNA) – The Deputy Head of the National Iranian Oil Company for Development and Engineering Affairs revealed that Iranian oil will reach Jask Oil Terminal along Gulf of Oman in the next few hours.

US forces continuing to loot Syrian oil: report

TEHRAN, Jul. 04 (MNA) – Syrian sources reported that the US forces still continue to steal the country's oil resources, adding that they transferred a new stolen shipment to Iraq.

Iran able to export 1.5mn barrels of oil if sanctions lifted

TEHRAN, Jun. 05 (MNA) – The deputy of one of Russia's largest oil companies said that Islamic Republic of Iran will be able to export 1.5 million barrels of oil per day (bpd) if sanctions imposed against the country are lifted.

Iran again among world oil well cement manufacturers

TEHRAN, May 29 (MN) – The CEO of Mineral Industries Development Co. Kaveh Pars announced that as the only producer in the Middle East, Iran rejoined the world's oil well cement manufacturers.

Cyber-attack on US fuel pipeline leads to state of emergency

TEHRAN, May 10 (MNA) – The US government issued emergency legislation on Sunday after the largest fuel pipeline in the US was hit by a ransomware cyber-attack.

Venezuela says ready to exchange coronavirus vaccines for oil

TEHRAN, Mar. 29 (MNA) – Venezuelan President Nicolas Maduro says his country is ready to pay for coronavirus vaccine deliveries with oil.

Pres. Rouhani:

Iran to change oil export to Oman Sea terminals

TEHRAN, Mar. 25 (MNA) – President Hassan Rouhani said that export of major part of crude oil will take place from terminals of Oman Sea in the current Iranian year started on March 21, 2021.

Iran prepared to return to world oil markets

TEHRAN, Mar. 23 (MNA) – The CEO of the National Iranian South Oil Company (NISOC) said Iran is prepared the return to the global oil markets given the enhancement of oil production in the company.

Iran’s crude oil output increases in February: OPEC

TEHRAN, Mar. 13 (MNA) – The latest data published by the Organization of the Petroleum Exporting Countries (OPEC) shows steady growth in Iran’s crude oil output in February.

United States to kneel before Iranian nation: Rouhani

TEHRAN, Mar. 01 (MNA) – The Iranian President noted that the United States will kneel before the Iranian people and will have to lift oppressive sanctions.

India may turn to Iran, Venezuela for oil imports

TEHRAN, Feb. 22 (MNA) – India is planning to resume the import of energy from countries such as Iran and Venezuela to counter the high crude prices by some producers, local media reported.

Iran's crude oil output grows in January: OPEC

TEHRAN, Feb. 12 (MNA) – Iran continues its march toward retaining the oil market share as the country added more barrels to its daily production in January compared to the previous month, data published by OPEC showed.

'Sanctions lifted, market could absorb more Iranian oil'

TEHRAN, Feb. 08 (MNA) – Iran's governor to OPEC believes the oil market could absorb more crude oil from Iran if US sanctions are removed.

Venezuela jails two spies for giving US oil data

TEHRAN, Feb. 07 (MNA) – Venezuela's court has sentenced two senior officials of a state oil company to five years in prison for providing the United States with sensitive oil information.

Iran biggest gasoline exporter in OPEC: Dep. oil minister

TEHRAN, Feb. 05 (MNA) – The Iranian deputy oil minister said that the country has become the biggest petrol exporter among the OPEC countries by increasing production and thanks to COVID-19 pandemic restrictions.

Iran gas flaring zero by March 2023: Zanganeh

TEHRAN, Jan. 22 (MNA) – Iranian Oil Minister Bijan Zanganeh says the country would no longer flare associated petroleum gases by March 2023.

25th Iran Oil Show opens in Tehran

TEHRAN, Jan. 22 (MNA) – The 25th Iran Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) opened at Tehran Permanent International Fairgrounds on Friday and will go through Monday January 25.

Rouhani:

Enemies of Iranian nation ‘overthrown in disgrace’

TEHRAN, Jan. 21 (MNA) – President Hassan Rouhani referred to the isolation of former US President Donald Trump after the election defeat, saying the enemies of the Iranian nation are now overthrown in disgrace.

Iran launches largest APG collection, processing facility

TEHRAN, Jan. 21 (MNA) – The Persian Gulf Bidboland Gas Refinery Project was officially inaugurated on Thursday by order President Hassan Rouhani via video conference, in the presence of Oil Minister Bijan Namdar Zanganeh.

Iran able to manufacture over 85% of oil industry equipment

TEHRAN, Jan. 18 (MNA) – Secretary of Iranian Oil Industry Equipment Manufacturers Association said that more than 85 percent of oil industry parts and equipment are presently manufactured domestically by expert engineers.

Oil min.:

Iran ready to cooperate with foreign firms with new terms

TEHRAN, Jan. 11 (MNA) – Iranian Oil Minister Bijan Zanganeh said that if foreign oil and gas companies come to Iran, “We are ready to cooperate with them within the framework of stipulated terms and conditions."

Oil, gas industry suffered most pressure under US sanctions

TEHRAN, Jan. 05 (MNA) – Iran’s First Vice President Es’hagh Jahangiri said the Iranian oil and gas industry suffered the most pressure under the US embargo period.

US drillers add most oil and gas rigs in 6th weeks

TEHRAN, Jan. 02 (MNA) – US energy firms have added oil and natural gas rigs for a sixth week in a row in the best quarter for boosting the rig count since the second quarter of 2017.