Oil Production

Car production drops 37.8% in 11 months: Industry Min.

TEHRAN, Mar. 04 (MNA) – Car production experienced a significant 37.8 percent decline in 11 months of the current year (March 21 – Feb. 21).
2019-03-04 14:32
NIOC puts Iran’s recoverable crude at 160 billion barrels

TEHRAN, Feb. 05 (MNA) – The National Iranian Oil Company (NIOC) in an announcement put Iran’s reserves of recoverable liquid hydrocarbons at an estimated amount of 160.12 billion barrels, while its natural gas reserves stand at 33.33 trillion cubic meters.
2019-02-05 09:24
NIDC completes 7 drilling operations in Azar Oilfield

TEHRAN, Feb. 04 (MNA) – The National Iranian Drilling Company (NIDC) has completed the operations to drill 7 wells in Azar Oilfield in Anaran block, western lIam province.
2019-02-04 13:58
KOGPC treats 32,000 barrels of oil with MOT

TEHRAN, Feb. 03 (MNA) – The CEO of Karoon Oil & Gas Production Co. (KOGPC) says his company has processed 32,000 barrels of crude oil by mobile oil treater (MOT) devices during the past 10 months of the Iranian year (through Jan. 21).
2019-02-03 09:32
By: Morteza Rahmani

Sanctions 'blessing in disguise' for Iran to unlock potentials

TEHRAN, Jan. 23 (MNA) – Months have passed since US President Donald Trump started his hawkish game against the Islamic Republic, but Tehran is still finding ways to sidestep the effects of the sanctions and push its plans forward in the oil and gas sector.
2019-01-26 16:19
Iran discovers light oil in Abadan

TEHRAN, Jan. 23 (MNA) – Oil Minister Bijan Zanganeh said Iran has discovered oil near Abadan, southwestern Khuzestan province, for the first time.
2019-01-23 16:16
Kish Island to host intl. oil expo

TEHRAN, Jan. 20 (MAN) – The 15th International Oil and Energy Exhibition is scheduled to be held in Kish Island, in the Persian Gulf, from January 21-24.
2019-01-20 16:51
Zanganeh says oil industry can double petchem output to $40bn

TEHRAN, Jan. 20 (MNA) – Minister of Petroleum Bijan Zanganeh said Sun. that the oil industry has the capability to double the country’s petrochemical output capacity to $40 billion.
2019-01-20 14:24
NIOC to offer 1mb of oil at IRENEX on Jan. 21

TEHRAN, Jan. 14 (MNA) – A senior official at the National Iranian Oil Company (NIOC) said the company is slated to supply a million barrels of crude oil on Iran Energy Exchange (IRENEX) on January 21.
2019-01-14 11:38
OPEC proved it can reach agreement despite splits: Zanganeh

TEHRAN, Dec. 16 (MNA) – OPEC members have shown that they can reach agreements regarding oil production despite having intense political and even military disputes, said Iranian Oil Minister Bijan Zanganeh on Saturday.
2018-12-16 10:01
OPEC endorses Iran exemption from production cut

TEHRAN, Dec. 07 (MNA) – Iran managed to secure exemption from an agreement by OPEC members to reduce their oil production to prevent supply glut and bolster the prices.
2018-12-07 17:59
Oil min.:

Iran should be excluded from any decision on OPEC output level

TEHRAN, Dec. 06 (MNA) – Oil Minister Bijan Zanganeh said as long as Iran is under sanctions, it will not take part in any OPEC output agreement and it should be excluded from any decisions made on reducing output level.
2018-12-06 10:10
Oil minister leaves for Vienna to attend OPEC meeting

TEHRAN, Dec. 05 (MNA) – Iranian Oil Minister Bijan Zanganeh left Tehran for Vienna on Wednesday to attend the 175th general meeting of the Organization of the Petroleum Exporting Countries (OPEC).
2018-12-05 18:11
Iran’s OPEC governor:

OPEC, non-OPEC unlikely to extend agreement to cut production

TEHRAN, Dec. 04 (MNA) – Iran's OPEC Governor Hossein Kazempour Ardebili says OPEC and non-OPEC partners are unlikely to extend their agreement to cut production in a bid to shore up prices.
2018-12-04 16:17
Khashoggi's fate introduced debate about human rights values in US-Saudi relations: Murphy

TEHRAN, Oct. 21 (MNA) – Richard W. Murphy, the former US ambassador to Syria and Saudi Arabia, says “Jamal Khashoggi's fate has introduced a debate about human rights values to a degree not normally the case in U.S.-Saudi relations."
2018-10-21 16:08
By: Seyedeh Mahdieh Qoraishi

Successful reformation in Saudi Arabia far from a sure thing

TEHRAN, Oct. 13 (MNA) – As Aramco’s public offering has been halted, so has the hope in Saudi Arabia’s economic reforms, which according to the young Crown Prince of the country, were intended to fulfill the Arab dream. Saudi Aramco, officially the Saudi Arabian Oil Company, is one of the largest companies in the world by revenue and the most profitable worldwide.
2018-10-13 11:54
Algeria JMMC meeting resulted in what Iran wanted: oil minister

TEHRAN, Sep. 24 (MNA) – Iranian Oil Minister Bijan Zanganeh said that the result of the OPEC committee meeting in Algeria on Sunday was consistent with what Iran wanted for oil supply agreements.
2018-09-24 13:14
Oil prices 'cheaper' if Trump stopped tweeting: Iran OPEC envoy

TEHRAN, Sep. 24 (MNA) – Iran OPEC Representative Hossein Kazempour said Sun. that Donald Trump's tweeting habits are lifting oil prices, and the US president should stop posting on social media to alleviate the spike in prices.
2018-09-24 10:17
No production increase discussed at JMMC meeting: official

TEHRAN, Sep. 24 (MNA) – Iran’s OPEC Governor Hossein Kazempour Ardebili said no production increase was discussed during Sunday’s meeting of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) in Algiers.
2018-09-24 10:13
Trump tweet biggest insult to US allies in ME: Iran

TEHRAN, Sep. 23 (MNA) – Iranian Minister of Petroleum Bijan Zanganeh said US President Trump's recent tweet on oil prices was the biggest insult to Washington's allies in the Middle East.
2018-09-23 18:05
Iran OPEC governor lambastes Saudi Arabia, UAE for welcoming Iran oil sanctions

TEHRAN, Sep. 16 (MNA) – Iran's OPEC Governor Hossein Kazempour Ardebili said not much is left of OPEC's international credibility as an organization thanks to the measures taken by such members as Saudi Arabia and the UAE against other founding members like Iran.
2018-09-16 10:08
Iran warns OPEC of losing effectiveness

TEHRAN, Jul. 17 (MNA) – In a letter to OPEC President Mohamed Al Mazrouei, Iranian Oil Minister Bijan Namader Zanganeh highlighted that if member countries do not adhere to their commitments regarding oil output, the effectiveness of the organization will be gradually eroded.
2018-07-17 09:30
By: Mobin Paymankar

Oil tanker collision with passenger bus in Sanandaj

SANANDAJ, Jul. 11 (MNA) – An oil tank truck crashed into a passenger bus in the western city of Sanandaj in Kurdistan province early Wednesday, causing an explosion and killing at least 13 people and leaving dozens more severely injured. Kurdistan province has declared three days of public mourning over the crash.
2018-07-11 09:54
Iran oil removal to take S Arabia, oil market into unknown

TEHRAN, Jul. 10 (MNA) – Reuters market analyst John Kemp has warned against the consequences of Iran’s oil removal from the global markets.
2018-07-10 11:51
Oil minister:

Iran against any increase in OPEC oil output

TEHRAN, Jun. 21 (MNA) – Iran disagrees with any increase in oil production in current circumstances, said Iranian Oil Minister Bijan Namdar Zanganeh on Thursday.
2018-06-21 14:18
Oil min.:

Oil market problems are political

TEHRAN, Jun. 19 (MNA) – Iranian Minister of Oil Bijan Namdar Zanganeh said on Tuesday that tensions in the oil market are not caused by supply and demand imbalance but by political issues.
2018-06-19 20:42
OPEC envoy:

Iran to veto Saudi-proposed supply boost at OPEC

TEHRAN, Jun. 18 (MNA) – Iran’s representative to OPEC said Sun. that the three bloc members, including Iran, Venezuela and Iraq, will veto Saudi Arabia’s proposal to increase oil production in Vienna this week.
2018-06-18 12:59
Oil min.:

Planning underway to increase oil production from 29 oilfields

TEHRAN, Jun. 09 (MNA) – Iranian Minister of Oil Bijan Namdar Zanganeh said that planning is underway for increasing oil production volume from 29 oilfields.
2018-06-09 18:21
Iran oil production surpasses 3.8m bpd in January

TEHRAN, Feb. 7 (MNA) – Iran's daily crude oil production increased by 30,000 barrels last month (January) to reach 3,830,000 bpd, indicating the highest increase in oil production among OPEC member states after Saudi Arabia.
2018-02-07 17:30
Iran 10-month crude output up 165kbd

TEHRAN, Feb. 04 (MNA) – Iranian Minister of Petroleum Bijan Zangeneh says the country's petroleum output has increased by 165,000 b/d in the first 10 months of the current Iranian calendar year which began on March 21 compared to the same period last year.
2018-02-04 13:26