Iran ready to increase oil production rapidly: Pres. Rouhani
Iran’s President Hassan Rouhani says the country is ready to increase oil exports in the next year. Speaking on Sunday in the…
Tag Archives: Iran oil production
Iran’s oil production from shared fields with Iraq grows by 460% in seven years
Iran is producing more than 400,000 b/d of oil from West Karoon fields, shared with Iraq, which shows a 460 percent growth…
Iran firms wielding 70% share in oil production enhancement, maintenance projects: CEO
SHANA – The CEO of the National Iranian Oil Company (NIOC) said Iranian firms would enjoy over 70 percent share in oil…
Iran expected to produce 2.7bn more barrels of oil from shared Azadegan Field: Minister
IRNA – With a 10% increase in extraction rate from the shared field of South Azadegan, Iran is expected to produce some…
Coronavirus has not halted Iranian oil production -oil minister
Reuters – The coronavirus outbreak has not stopped oil production in Iran, the official IRNA news agency quoted Oil Minister Bijan Zanganeh…
OPEC unable to handle current situation solely: Zanganeh
MNA – Iran’s Oil Minister Bijan Namdar Zanganeh said the Organization of the Petroleum Exporting Countries cannot solely handle the current market…
New platform increases Iran’s oil production by 6,000 bpd: IRNA
Reuters – Iran’s oil production capacity increased by 6,000 barrels per day after a platform was installed at the offshore Salman field…
Iran says coronavirus has not affected oil, gas production
Press TV – Iran’s Ministry of Petroleum says the coronavirus has not affected Iran’s oil and gas production and that the virus containment…
Iran wants to start oil & gas production in this disputed hotspot
OilPrice | Simon Watkins: Given the array of sweetener deals in the oil and gas sector promised to Russia by Iran in…
NISOC ready to maximize oil output
SHANA — The CEO of the National Iranian South Oil Company (NISOC) said the company was prepared to bring its oil production…
Oil production to remain stable in Persian Gulf: official
MNA – Energy Deputy of Iran’s Passive Defense Organization said that oil production will always remain stable in the Persian Gulf and…
CIOFC to boost oil production in Sa’adat Abad oil field
Tehran Times – The executive operation of a development project for maintaining and enhancing oil production at Sa’adat Abad oil field in…
Iran parliament passes bill to up gas, oil refineries’ capacities
Tasnim – Iranian lawmakers approved the generalities of a bill to increase the capacities of the country’s oil and gas refineries. During…
Iran produced 4.156m bpd of crude oil in 2018: BP
Tehran Times – Major multinational oil and gas company British Petroleum (BP), in its latest world energy report called “BP Statistical Review…
Iran eyes 15 mt/y petchem output in PEIISEZ
MNA – Iran is building 14 petrochemical projects in Phase I of Parsian Energy Intensive Industrial Special Economic Zone (PEIISEZ) which will…
Iranian petchem plant breaks production, export record
MNA – Pardis Urea and Ammonia Plant has registered a new production and export record in the calendar year of 1397 which…
Iran’s Jask terminal to hold 10m barrels of oil
Financial Tribune – The engineering and designing phase of 20 crude oil storage facilities near the southeastern port of Jask in Hormozgan…
Iran hasn’t cut oil production or halted exports, IOOC head says
Bloomberg – Iran’s oil production hasn’t seen any reduction and the country just loaded crude for export, said Hamid Bovard, the head…
Will Iran’s oil revenues satisfy next year’s budget expectations?
MNA – Despite enjoying a great variety of income sources besides oil, Iran is undeniably dependent on oil revenues for managing its…
Iran discovers oil in Abadan region: minister
Reuters – Iran has discovered oil in the southwestern Abadan region for the first time, Oil Minister Bijan Zanganeh was quoted as…
OPEC oil output cut exemption a victory for Iran
December 12, The Iran Project – The success made by Iran to be exempted from oil production cuts in the 175th meeting of members of…
Weekly report: OPEC agrees joint 1.2mn bpd cut; Iran exempted
December 9, The Iran Project – FM Zarif highlights US hypocritical behavior towards UN resolution; Iran backs Yemen peace talks, wants end of…
OPEC endorses Iran exemption from production cut
SHANA — Iran managed to secure exemption from an agreement by OPEC members to reduce their oil production to prevent supply glut…
Exempting Iran from OPEC production cut, natural: Zangeneh
SHANA – It would be natural for Iran, which is faced with US sanctions, to be excluded from any OPEC decision to…
Cutting output by even 1 barrel is ‘a red line’ for Iran, oil minister says
CNBC – Iran is refusing to cut its oil production at the latest OPEC meeting, saying it is a “red line” for…
Iran must be excluded from production decisions: Min.
SHANA — Iranian Minister of Petroleum Bijan Zangeneh said the country must be excluded from any decisions by OPEC members regarding production…
As Iran supply dries up, South Korea petrochemical firms find new, costly oil sources
Reuters – With supply from major producer Iran uncertain, big condensate user South Korea is scouring the world for alternative sources of…
No plans for cutting crude oil output: Iran
SHANA — Iran says it has no plans to cut its crude oil production amid mounting pressure from Washington to stifle the…
No stop in Iran oil production, exports under sanctions: MP
SHANA – A member of the Iranian parliament said, “During eight years of the imposed war, we managed to export our oil…
Iran warns OPEC of losing effectiveness
SHANA – Iranian Minister of Petroleum Bijan Zanganeh sent a letter to OPEC President, warning him the organization would lose its effectiveness…
Supplying oil beyond ceiling needs OPEC approval: Iran
SHANA– The CEO of the National Iranian Oil Company (NIOC) says production of oil beyond the output ceiling set by the Organization…
Iran calls on OPEC to remind members to adhere to production quota
SHANA — Iran called on the Organization of the Petroleum Exporting Countries (OPEC) to prevent some members from increasing their output without…
Oil geopolitics and Iran’s Response
CFR | Amy Myers Jaffe: At first glance, last week’s Vienna Group meeting—that is the Organization of Petroleum Exporting Countries (OPEC) plus…
Iran may yet save an OPEC output deal
Bloomberg | Julian Lee: Iran has offered OPEC something that could begin to ease the fraught atmosphere in Vienna. A potential compromise,…
Russia plans to hold talks with Iran before OPEC+ ministerial meeting
TASS– Russia is going to hold talks before the OPEC+ ministerial meeting with Iran, the country that is still against proposals from…
Talks before main OPEC meeting to debate 1 mln bpd output hike – sources
Reuters – Oil ministers will debate on Thursday whether to raise supplies by 1 million barrels per day as the main proposal…
Oil minister: Iran against any increase in OPEC oil output
MNA– Iran disagrees with any increase in oil production in current circumstances, said Iranian Oil Minister Bijan Namdar Zanganeh on Thursday. He…
Oil prices dip as Iran signals support for small OPEC supply increase
Reuters – Oil prices dipped on Thursday as Iran signalled it could be won over to a small rise in OPEC crude…
OPEC braces for tough Vienna talks on hiking oil output
Bourse and Bazaar | AFP- OPEC ministers arrived in Vienna Tuesday for crunch talks on whether to reverse a landmark pact curbing…
Zangeneh address at OPEC 7th International Seminar
SHANA– Iranian Minister of Petroleum Bijan Zangeneh addressed the 7th International Seminar of the Organization of the Petroleum Exporting Countries (OPEC) in…