Oil Production

Gas price in Europe surpasses $800 per 1,000 cubic

TEHRAN, Mar. 09 (MNA) – The price of gas on the exchange in Europe surpassed $800 per 1,000 cubic meters as Monday trading opened for the first time since January 2023.

Oil prices surge toward $90 amid tension in Strait of Hormuz

TEHRAN, Mar. 07 (MNA) – Crude prices increased to almost $90 on Friday as the Iranian armed forces continue to hit US assets in Persian Gulf and beyond in reaction to ongoing aggression on their country.

Iran’s crude output, exports reported 1.1% growth in H1: CBI)

TEHRAN, Jan. 27 (MNA) – The statistics of the Central Bank of Iran (CBI) indicates that the country’s production and export of crude oil in the first six months of the current Iranian calendar year (Mar. 21) registered a 1.1 percent growth.

Iran opens 2nd largest oil processing unit in West Karun area

TEHRAN, Dec. 25 (MNA) – At the order of Iranian President Masoud Pezeshkian, the country’s largest oil processing (Central Treatment and Export Plant (CTEP) unit was inaugurated in West Karun in Ahvaz on Thursday via videoconference.

IRGC general says;

Strait of Hormuz remains world’s most strategic zone

TEHRAN, Dec. 04 (MNA) – Deputy Commander-in-Chief of the Islamic Revolution Guard Corps (IRGC) warned that no country can diminish the global importance of the Strait of Hormuz, stressing Iran’s role in securing the world's key energy corridor.

Iran elected to head GECF Executive Board

TEHRAN, Oct. 23 (MNA) – Iran’s oil minister announced that the country has been elected chair of the Executive Board of the Gas Exporting Countries Forum (GECF).

Oil output hits 7-year high with development projects: min.

TEHRAN, Sep. 29 (MNA) – Iran’s Oil Minister Mohsen Paknejad has said that the country’s oil production volume hit a seven-year high record with the development of projects in the oilfields and round-the-clock efforts of staff of the oil industry.

South Pars gas production increases 5m cubic meters this year

TEHRAN, Jul. 28 (MNA) – Gas production at the South Pars Gas Field increases five million cubic meters per day as a result of putting into operation three wells.

Iran's oil production uninterrupted despite tensions: NIOC

TEHRAN, Jun. 24 (MNA) – Despite the recent days of heightened tensions following Israeli’s imposed war, Iran's daily oil output has continued without disruption and all oil installations remain operational, National Iranian Oil Company (NIOC) said.

NIOC:

Iran's crude oil storage capacity increases by 2m barrels

TEHRAN, May 17 (MNA) – Iran’s crude oil storage capacity has increased by 2 million barrels following the commissioning of two refurbished tanks at the Kharg oil terminal in the operational zone.