Oil Production

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.
2021-02-22 10:50
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.
2021-02-12 18:39
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.
2020-12-15 17:20
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.
2020-12-06 13:58
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.
2020-12-03 18:42
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.
2020-10-13 12:33
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.
2020-09-15 12:41
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.
2020-08-17 01:00
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.
2020-08-11 09:42
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.
2020-08-03 16:40
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.
2020-07-21 09:40
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.
2020-07-12 20:00
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.
2020-05-13 22:30
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.
2020-05-11 17:13
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.
2020-04-22 23:32
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.
2020-04-22 09:27
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.
2020-04-20 10:30
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.
2020-04-07 19:13
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.
2020-04-05 11:28
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).
2020-03-18 08:46
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.
2020-03-15 14:46
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.
2020-03-14 14:41
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.
2020-02-18 17:23
Iran crude oil production capacity at 3.7 mbd

TEHRAN, Feb. 06 (MNA) – An Iranian oil official says the country has the capacity to produce 3.7 million barrels per day of crude oil.
2020-02-06 12:28
Zanganeh points to necessity of market balance following coronavirus outbreak

TEHRAN, Feb. 03 (MNA) – Iranian Oil Minister Bijan Zanganeh referred to decreased demand for oil following spread of coronavirus outbreak in China, noting that countries must put effort to ensure the market balance.
2020-02-03 16:36
North Azadegan oil output hits 100 mb

TEHRAN, Jan. 19 (MNA) – Iran’s crude oil production at North Azadegan Joint Oilfield has reached 100 million barrels since 2016.
2020-01-19 09:02
Tondgouyan petchem plant hits 23% increase in 8-month output

TEHRAN, Dec. 13 (MNA) – The output of Tondgouyan Petrochemical Plant has broken a new record in the first 8.5 months of the current calendar year (since March 21), growing 23% year-on-year.
2019-12-13 12:25
Petchem plant output exceeds expectations since March

TEHRAN, Nov. 05 (MNA) – The productivity of Tondgouyan Petrochemical Company, the largest supplier of PET in Iran, stood at 103% of its nameplate capacity in the first 7 months of the current calendar year, which began on March 21.
2019-11-05 10:49
NIDC manufactures well acidizing equipment

TEHRAN, Nov. 03 (MNA) – Iranian experts at the National Iranian Drilling Company (NIDC) have successfully designed and built batch mixers, which are used in well acidizing operations on offshore platforms.
2019-11-03 09:56
NIOC seeking novel financing methods to fund petchem projects: CEO

TEHRAN, Oct. 17 (MNA) – The National Iranian Oil Company (NIOC) CEO said his company was considering the use of a variety of securities and new methods of financing to attract public capitals to accelerate implementation of oil and gas projects.
2019-10-17 10:32