Oil Production
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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).
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Oil min.:
Iran to return to oil market as soon as sanctions lifted
TEHRAN, Jul. 03 (MNA) – Iranian Minister of Oil Bijan Zanganeh said that Islamic Republic of Iran will swiftly return to the global oil market after sanctions imposed on the country are lifted.
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Iran’s oil output grows for 3rd consecutive month: OPEC
TEHRAN, Apr. 14 (MNA) – The latest data published by the Organization of the Petroleum Exporting Countries (OPEC) shows an increase in Iran’s crude oil output for the third consecutive month in March.
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OPEC+ agrees on crude oil cuts
TEHRAN, Apr. 02 (MNA) – OPEC and its allies reached a consensus on Thursday on easing crude oil output cuts by 350,000 bpd for May and June, and by 450,000 bpd as of July.
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15th OPEC+ meeting kicks off virtually
TEHRAN, Apr. 01 (MNA) – The 15th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping called OPEC+, began minutes ago via video conference.
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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.
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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.
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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.
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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.
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Iran oil production grows in November
TEHRAN, Dec. 15 (MNA) – According to the latest data released by OPEC, Iran's monthly oil production witnessed an increase in November 2020.
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Iran ready to increase oil output, says Rouhani
TEHRAN, Dec. 06 (MNA) – Iranian President Hassan Rouhani says the country is ready to increase oil exports in the next year.
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12th OPEC+ meeting kicks off
TEHRAN, Dec. 03 (MNA) – The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies began a few minutes ago via video conference.
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Coronavirus did not stop producing oil, gas for a single day
TEHRAN, Oct. 13 (MNA) – Iranian oil minister said on Tuesday that the coronavirus pandemic has not stopped the production of the Iranian oil and gas even for a single day.
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Oil Minister:
Iran oil export doing well despite US economic war
TEHRAN, Sep. 15 (MNA) – Condemning the US and the Zionists’ economic war against Iran, the Iranian Oil Minister asserted that the country, as one of the largest exporters of oil products in the world, is doing well in petrochemical products exports.
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Iran oil production at 1.93mn bpd in July
TEHRAN, Aug. 17 (MNA) – In its latest report, OPEC announced that Iran's oil production volume stood at 1.936 million barrels per day (bpd) in July 2020.
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Zanganeh:
Majority of oil industry equipment built domestically
TEHRAN, Aug. 11 (MNA) – Oil Minister Bijan Namdar Zanganeh said the majority of equipment needed in the oil industry are produced domestically.
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Oil industry activities on track despite sanctions: Zanganeh
TEHRAN, Aug. 03 (MNA) – Oil Minister Bijan Namdar Zanganeh says Iran’s oil industry activities have been going on strongly in the past two years since the US pulled out of the nuclear deal and reimposed sanctions.
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Oil Ministry to ink 9 contracts with domestic firms: Zanganeh
TEHRAN, Jul. 21 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh said his ministry will sign nine contracts with domestic companies in the oil industry in the near future.
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Iran to surge oil production capacity: Zanganeh
TEHRAN, Jul. 12 (MNA) – Iranian Oil Minister Bijan Zanganeh has announced that his country plans to increase its oil output capacity to take its share back from the market in case of the US sanctions termination.
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Russia, S Arabia agree to stabilize oil market
TEHRAN, May 13 (MNA) – Russia and Saudi Arabia’s energy ministers agreed to stabilize the oil market.
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SA reportedly to cut oil production in June
TEHRAN, May 11 (MNA) –Saudi Arabia reportedly is planning to cut oil production in June by extra 1 million barrels per day.
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By: Salman Parviz
Historic fall in US oil prices amid virus outbreak
TEHRAN, Apr. 22 (MNA) – When the capital city of Tehran partially emerged out of the shutdown on Saturday, we witnessed some traffic on the roads for the first time after almost a month, since the beginning of Nowruz holidays. President Hassan Rouhani has refused to implement 24-hour lockdowns seen in other Middle Eastern countries.
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NIOC studies, prioritizes all sedimentary basins for exploration
TEHRAN, Apr. 22 (MNA) – A senior official with the National Iranian Oil Company (NIOC) underlined the importance of studying and modeling sedimentary basins to ensure exploration in the coming years.
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US oil price plunges to its lowest in 21 years
TEHRAN, Apr. 20 (MNA) – Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to the brim amid the coronavirus pandemic.
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OPEC+ may clinch 3-months accord for output cut: report
TEHRAN, Apr. 07 (MNA) – Changes are reportedly high for countries part of the OPEC+ group to agree upon implementing oil production cuts for at least three months from May to July, 2020.
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In an interview with MNA;
Intl. oil market cornered by coronavirus, Iranian economy remains resilient: energy expert
TEHRAN, Apr. 05 (MNA) – President of Vienna Energy Research Group believes the Iranian economy was oil-reliant but the country learnt, under US sanctions, how to scaffold its oil industry and economic structure over the years. Presently, Iran is not a loser in the coronavirus-hit global oil market.
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Gas sweetening plant launched at Maroon oil co.
TEHRAN, Mar. 18 (MNA) – The first phase of a gas sweetening project has been launched at No. 3 Complex of Maroon Oil and Gas Production Company (MOGPC).
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Iran’s oil output drops 2,000 barrels per day in Feb.: OPEC
TEHRAN, Mar. 15 (MNA) – In its latest report, Organization of Petroleum Exporting Countries (OPEC) announced that Iran’s oil production volume in Feb. 2020 hit 2.080 million barrels per day (bpd), registering only a 2,000-barrel decline as compared to a month earlier.
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Chairman of London Energy Club:
Russia, Iran, Venezuela can team up to confront US, SA triggered oil price war
TEHRAN, Mar. 14 (MNA) – Mehmet Ogutcu, Chairman of London Energy Club believes that while the USA, Saudi Arabia, and the Persian Gulf countries can work together in the coming period to influence the markets, Russia can team up with important OPEC producers such as Iran and Venezuela and assume the leadership of non-OPEC producers.
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Industry min.:
Domestic production, main strategy to confront sanctions
TEHRAN, Feb. 18 (MNA) – Iranian Minister of Industry, Mine and Trade Reza Rahmani said that focusing on domestic production and also trusting those who are active in the private sector is the main strategy that can help counter the impact of sanctions imposed on the country.
