Oil Industry

Iran's ministry of oil enters into talks with China's Sinopec

TEHRAN, Sep. 20 (MNA) – The Iranian oil minister said that he held talks with the head of China energy company Sinopec office in Tehran to attract their investment to develop the Iranian Yadavan oil field.

Oil min.:

Iran expresses readiness to increase world’s energy security

TEHRAN, Sep. 06 (MNA) – Iranian Minister of Petroleum Javad Owji said that Iran is ready to increase the security of energy in the world.

Iran, Nigeria to expand energy cooperation: oil minister

TEHRAN, Aug. 27 (MNA) – Referring to the energy potential of Iran and Nigeria, the Iranian oil minister expressed hope that cooperation in the field of energy will increase between the two countries with the signing of MoUs.

Venezuela halts oil shipments to Europe

TEHRAN, Aug. 20 (MNA) – Venezuela suspended the shipments to Europe under a deal that allows them to trade oil for debt relief.

Iran to continue constructive interactions with OPEC: Owji

TEHRAN, Aug. 03 (MNA) – Iran, as a founding member of OPEC, would definitely continue its constructive interaction with the OPEC and would effectively support the new Secretary General as well as the OPEC Secretariat, the Iranian Oil Minister said.

OPEC sec. gen.:

Russia membership in OPEC+ vital for success of agreement

TEHRAN, Aug. 01 (MNA) – OPEC's new secretary general said that Russia’s membership in OPEC+ is vital for the success of the agreement.

CEO of PEDEC:

Iran, Russia clinch win-win MoU worth $40bn to boost coop.

TEHRAN, Jul. 24 (MNA) – The Chief Executive of Petroleum Engineering and Development Company (PEDEC) called signing a joint Memorandum of Understanding (MoU) between Iran and Russia as an example of a win-win deal.

Taliban to buy 350,000 tons oil from Iran

TEHRAN, Jul. 23 (MNA) – Finance Ministery of the Taliban announced on Saturday that it has signed a contract to purchase 350,000 tons of oil from Iran.

Russia, Venezuela to expand oil sector cooperation

TEHRAN, Jul. 04 (MNA) – Moscow and Caracas will continue to expand their cooperation in the oil sector, and are working on a new agreement to circumvent Western sanctions in finance and logistics, Venezuelan Foreign Minister Carlos Faria has said.

Trade sources:

Russia becomes India's second biggest oil exporter

TEHRAN, Jun. 13 (MNA) – Russia rose to become India's second biggest supplier of oil in May, pushing Saudi Arabia into third place but still behind Iraq which remains No. 1, data from trade sources showed.

Iran-Russia trade volume to increase to $40 billion soon

TEHRAN, Jun. 07 (MNA) – Iranian Oil Minister Javad Owji said that Iran-Russia trade volume will reach $40 billion within a year and a half through the planning of the two sides.

Oil minister:

Sanctions couldn't hinder Iran's oil industry progress

TEHRAN, Jun. 02 (MNA) – Iranian Oil Minister said that those who imposed sanctions think they can impede Iran’s development and progress through the terroristic tool of sanction while it is a double-edged sword with which they have to grapple.

Moscow to find other importers for its oil: Russian envoy

TEHRAN, May 31 (MNA) – Russia will find other importers for its oil, Russian Permanent Representative to international organizations in Vienna Mikhail Ulyanov said, commenting on the sixth package of EU sanctions against Russia.

EU leaders agree to ban 90% of Russian oil by year-end

TEHRAN, May 31 (MNA) – European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on Ukraine.

Iran's access to oil revenues grows 60% compared to last year

TEHRAN, May 29 (MNA) – The Director General of Public Relations of the oil ministry said Sunday the return of oil revenues has increased by 60% this year as compared to last year.

Iran inks confidential oil contract with foreign firm

TEHRAN, May 22 (MNA) – The Manager of National Iranian Oil Company (NIOC) for Investment and Business Affairs announced the conclusion of a confidential contract, valued at €500 million, with a foreign company.  

Owji:

Oil Ministry to launch over 40 new projects worth $30bn

TEHRAN, May 16 (MNA) – Iran’s Oil Minister Javad Owji on Monday announced that his ministry will launch more than 40 projects worth $30 billion by yearend.

NIOC Chief:

Iran's oil exports hike 40% despite sanctions

TEHRAN, May 15 (MNA) – The CEO of the National Iranian Oil ‎Company (NIOC) said that Iran is seeking to sell its oil at the highest volume possible, adding that the country’s exports have witnessed a 40 percent hike in spite of sanctions.

Iran's oil min.:

25 giant oil projects to become operational this year

TEHRAN, May 13 (MNA) – Iranian Oil Minister Javad Owji said that construction operation of a number of 25 giant oil projects will start in the current Iranian calendar year in 1401 (started March 21, 2022).

Iran considering investing in refinery in Nicaragua

TEHRAN, May 08 (MNA) – Iranian Oil Minister Javad Owji announced that Iran will study investing in a refinery in Nicaragua, the cost of which is 6,216 million euros / $ 6,558 million.

Iran ferries $22bn worth of oil to China: report

TEHRAN, Apr. 13 (MNA) – Iran's fleet has exported at least $22 billion worth of oil to China since 2021.

Oil min.:

Iran welcomes intl. investors to secure global energy supply

TEHRAN, Apr. 01 (MNA) – Oil Minister Javad Owji said that Iran welcomes local and international investors to develop oil and gas upstream sectors in a bid to help maintain and improve the security of the global energy supply in upcoming years.

New regular customers found for Iran oil: minister

TEHRAN, Mar. 21 (MNA) – Iranian oil minister said that his ministry in the 13th administration has done marketing with all its capacity to find new and regular customers of Iranian crude oil shipments.

Iran fully receives oil money: Owji

TEHRAN, Mar. 20 (MNA) – Stating that Iran's oil exports took an upward trend since the new administration took office, Minister of Petroleum Javad Owji said that the oil revenues from oil exports are fully received in the 13th administration.

Iran petrol export at 2ml/d

TEHRAN, Mar. 16 (MNA) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the country was exporting an average of 2 million liters of petrol per day.

India hopes for oil from Iran, Venezuela, says minister

TEHRAN, Mar. 16 (MNA) – India is pinning hope on the resumption of crude oil supplies from Venezuela and Iran.

Iran knowledge-based firms to participate in Russia NEFTEGAZ

TEHRAN, Mar. 12 (MNA) – Several Iranian knowledge-based companies are set to participate in the 21st International Exhibition for Equipment and Technologies for Oil and Gas Industries (NEFTEGAZ) in the Russian capital of Moscow.

Zelensky ready for dialogue with Putin, Kyiv says

TEHRAN, Mar. 09 (MNA) – On the fourteenth day of the Russian special military operation in Ukraine, Moscow has announced a humanitarian ceasefire in Ukraine on Wednesday morning to carry out the evacuation of the civilian population.