Oil Industry

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.

Iran to inaugurate eight petrochemical projects by March

TEHRAN, Dec. 28 (MNA) – Iran is planning to launch eight petrochemical projects by the end of the current Iranian calendar year ( March 20, 2021), a deputy oil minister said.

Iran’s Zanganeh meets with Azerbaijani energy min.

TEHRAN, Dec. 23 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh hosted a meeting with his Azerbaijani counterpart in Tehran to discuss oil and energy issues concerning the two neighbors.

US forces applying new method to steal Syrian oil

TEHRAN, Dec. 20 (MNA) – In addition to transporting dozens of oil tankers to Iraq on a weekly basis, the US occupiers have recently pumped stolen oil into Iraqi territory by expanding pipelines crossing the Tigris River, according to latest reports.

Iran Oil Minister due in Moscow on Sunday

TEHRAN, Dec. 19 (MNA) – Iranian Oil Minister Bijan Zangeneh is to leave Tehran for Moscow on Sunday, December 20, to review the latest developments in the global crude oil markets with Russian officials.

No permission needed to return to oil market: oil min.

TEHRAN, Dec. 14 (MNA) – Stating that the export of 2.3 million barrels is possible, Iranian Minister of Oil Bijan Zanganeh said that Iran does not need permission to return to oil markets.

Iran petrochemical output to hit 100mt/y by 2022: Oil min.

TEHRAN, Nov. 27 (MNA) –Iranian Minister of Oil Bijan Namdar Zanganeh said the country’s petrochemical production capacity would reach 100 million tons per year by 2022, 80% more than 2013's levels.

Pres. Rouhani inaugurates national oil projects

TEHRAN, Nov. 26 (MNA) – Iranian president inaugurated a number of national oil projects in three provinces via videoconference on Thursday.

US looting oil, wealth of Syrian people: Iran UN envoy

TEHRAN, Nov. 26 (MNA) – Iran’s Ambassador to the United Nations said that the US forces are looting Syria's oil and wealth as they continue the occupation of Syria.