Oil Production

Russia’s oil production up by 2% despite sanctions: Putin

TEHRAN, Jan. 17 (MNA) – Oil production in Russia increased by 2% to 535 million tons despite sanctions against Moscow, Russian President Vladimir Putin said on Tuesday, according to media reports.
2023-01-17 20:54
Venezuela's Maduro, opposition return to negotiation table

TEHRAN, Nov. 26 (MNA) – The government of Nicolas Maduro and the Venezuelan opposition are to restart political talks in Mexico on Saturday after a 15-month standoff.
2022-11-26 21:36
OPEC+ members line up to endorse output cut after US claims

TEHRAN, Oct. 17 (MNA) – OPEC+ member states lined up to endorse the steep production cut agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into supporting the move.
2022-10-17 17:00
S. Arabia claims US requested one-month delay to oil cut

TEHRAN, Oct. 13 (MNA) – Saudi Arabia said it was pressured by the Biden administration to delay by a month a decision to cut oil production in a bid to reduce the likelihood of an unpopular fuel price rise just before the US mid-term elections.
2022-10-13 21:00
Syrian foreign ministry:

US should immediately withdraw its forces from Syria

TEHRAN, Oct. 08 (MNA) – Syrian Foreign Ministry said on Saturday that the US should immediately withdraw its illegitimate forces from the Syrian territories, and stop its support to mercenaries, terrorists and separatist militias.
2022-10-08 16:30
Iran’s oil output to reach over 4m bpd by yearend: NIOC chief

TEHRAN, Aug. 22 (MNA) – Stating that Iran is ready for the maximum gas swap, Chief Executive of the National Iranian Oil Company (NIOC) said that oil production capacity will reach more than 4 million barrels of oil per day (bpd) by the yearend.
2022-08-22 20:07
Saudi diplomat:

No agreements reached between US, SA regarding oil

TEHRAN, Jul. 16 (MNA) – Saudi Arabia's Minister of State for Foreign Affairs Adel al-Jubeir announced that there was no agreement made between the US and Saudi Arabia on oil during Biden's visit.
2022-07-16 12:40
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