Oil Production

Iran-Russia trade volume to increase to $40 billion soon

TEHRAN, Jun. 07 (MNA) – Iranian Oil Minister Javad Owji said that Iran-Russia trade volume will reach $40 billion within a year and a half through the planning of the two sides.
2022-06-07 19:26
Iran inks confidential oil contract with foreign firm

TEHRAN, May 22 (MNA) – The Manager of National Iranian Oil Company (NIOC) for Investment and Business Affairs announced the conclusion of a confidential contract, valued at €500 million, with a foreign company.
2022-05-22 10:20
Deputy oil min:

NIOPRDC ready to export technical-engineering svcs. overseas

TEHRAN, May 16 (MNA) – The Deputy Minister of Oil said that National Iranian Oil Products Refining and Distribution Company is ready to export technical and engineering services to foreign countries.
2022-05-16 23:59
Iran’s oil exports jumps by 30 percent

TEHRAN, Apr. 29 (MNA) – Iran’s oil exports jumped by 30 percent from last year to 870,000 barrels per day (bpd) in the first quarter of 2022.
2022-04-29 11:30
Iran’s oil output capacity returns to pre-sanctions levels

TEHRAN, Mar. 25 (MNA) – Promise of oil production capacity to pre-sanctions level has been fulfilled in 13th government, reaching more than 3.8 million barrels per day (bpd), Public Relations Department of Iranian Oil Ministry says.
2022-03-25 16:00
Asian refiners eager to resume Iranian oil imports

TEHRAN, Feb. 18 (MNA) – Western media reported that Asian refiners, traditionally big buyers of Iranian oil, are keen to resume imports from Iran if there is an agreement to revive the 2015 nuclear deal.
2022-02-18 17:30
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).
2021-09-12 13:00
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.
2021-07-03 11:24
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.
2021-04-14 11:14
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.
2021-04-02 09:16
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.
2021-04-01 18:32
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.
2021-03-23 17:30
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.
2021-03-13 09:35
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