Iran says needs more crude production capacity for economic upturn
TEHRAN, Sep 10 (Shana) — Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says a crude oil production capacity of…
Tag Archives: Iran oil production
Iran’s August oil production up 10k bpd
Iran has told OPEC that its oil production in August stood at 3.63 million barrels per day (bpd) showing an increase of…
Iran has right to raise oil output: Algeria
The Algerian energy minister has lent weight to Iran’s bid to regain market share through stepped-up oil production despite objections from Saudi Arabia. …
OPEC countries disagree over Iran’s current oil production level
OPEC member-states cannot agree whether Iran has reached the oil production ceiling, Russian energy minister told reporters HANGZHOU /China/, September 5. /TASS/. OPEC…
Persian Gulf OPEC delegate: No production deal without Iran
Iran doesn’t expect to reach presanctions output by September Iran on Tuesday undercut hopes of an agreement to limit petroleum output next…
Iran’s oil output at highest level in 5 years
The latest market figures show that Iran’s oil production has already hit the highest level in the past five years – what…
Iran to increase crude supply despite low prices: Minister
Iran’s Petroleum Minister Bijan Namdar Zangeneh has reiterated Tehran’s determination to increase oil production in the face of a downward spiral of…
Iran says production of oil from Caspian Sea not priority
TEHRAN, June 14 (Shana) – Minister of Petroleum Bijan Zangeneh said on Tuesday that production of oil from Caspian Sea is not…
Brent crude oil holds above $50 after OPEC meeting
Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to agree on output targets, but…
Zangeneh stresses calm atmosphere of OPEC meeting in Vienna
Vienna, June 2, IRNA – Iranian Oil Minister Bijan Namdar Zangeneh underlined the calm atmosphere of a meeting of the Organization of…
How could oil production freeze plan see light?
Alwaght- The oil and energy ministers of Saudi Arabia, Qatar, Russia and Venezuela met in Qatar’s capital Doha in mid-April, and agreed…
Iran: No output freeze until it restores pre-sanctions level
PARIS (AP) — Iran won’t consider a production freeze until it reaches its pre-sanctions level of output of 4.2 million barrels a…
Russia says Iran’s crude output increase not much affecting price
Moscow, April 21, IRNA – Russian Energy Minister Alexander Novak said on Wednesday that increase in Iran’s oil production will not have…
Iran sees oil output rising to pre-sanctions level by June
Iran’s oil production will reach pre-sanctions levels within two months, a deputy oil minister was quoted as saying on Tuesday in what…
Iran has raised OPEC production ceiling
A new report by Platts, an independent provider of energy data, shows Iran’s post-sanctions crude production has pushed up the output level…
Iran oil revenues rise up by 90%
Tehran, April 10, IRNA – Iran oil revenues in post-sanctions era has increased by 90 Percent and is expected to reach $21…
Lavrov: Iran will attend Doha oil talks
Moscow, April 9, IRNA – Iran is going to attend talks in Doha on April 17 on a deal to freeze oil…
Qeshm FTZ is planning to produce 170,000b/d of oil
Qeshm, Hormuzgan prov, April 6, IRNA – Managing Director of Qeshm Free Trade Zone Hamidreza Momeni said his organization is planning to…
Iran eyes 4mbd oil output by March 2017
TEHRAN, April 06 (Shana) –- Iranian Minister of Petroleum Bijan Zangeneh said the country has planned to raise its crude oil output…
Crude output freeze unlikely as Iran wins back Asia market share: Russell
It’s not hard to see why Saudi Arabia is reluctant to take the relatively modest step of freezing crude output unless Iran…
Iran not to freeze oil production
TEHRAN, Apr. 02 (MNA) – Iran’s oil minister says the country will not abandon its share in the oil market, adding he…
Iran invited to Doha oil freeze talks
Qatar’s media said on Wednesday that the country has invited Iran to join talks over implementing a proposed oil production freeze to…
OPEC chief rules out Saudi conditions
OPEC’s secretary general has shrugged off Saudi conditions that all major oil producers must participate in a planned production freeze. OPEC members and…
Oil rises as producers announce meeting on output freeze
Oil prices firmed on Wednesday on an announcement that producers will meet next month in Qatar to discuss a proposal to freeze…
Oil meeting on output freeze unlikely without Iran progress: sources
A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March…
Russia sees ‘individual solution’ for Iran on oil freeze
Russian Energy Minister Alexander Novak says it is likely to find an “individual solution” for Iran which has dismissed freezing oil production…
Current oil market turbulence ‘Due to OPEC Managing Price’
The present crisis in the global energy market is deeply rooted in OPEC managing the oil prices, LUKoil and PetroChina Board of…
Investment disability wrapped in stylish oil freeze plan
TEHRAN, Feb. 24 (Shana) — If production freeze by oil-producing countries continues until the third quarter of 2016, the return of…
Oman backs Iran in Saudi freeze row
Oman has lent weight to Iran in a row over a Saudi proposal to freeze oil output at current levels, saying the Islamic…
Iran dismisses oil production freeze as ‘joke’
Tehran (AFP) – Iran’s oil minister on Tuesday dismissed an output freeze deal between the world’s top two producers Saudi Arabia and…
Iran, Iraq listen to oil production freeze proposals, to decide later
OPEC Secretary General Abdalla Salem el-Badri said that Tehran and Baghdad are currently evaluating the proposal to freeze oil production and will…
Iran, US will have biggest oil production surges: IEA
Crude oil production by Iran and the United States will experience biggest increases by 2021, according to the International Energy Agency (IEA).…
Iran makes major rise in its oil output
Iran said on Sunday that it has increased its oil production capacity by 400,000 barrels per day (bpd) thus almost materializing an…
President Rouhani: Oil production from joint fields to hit 350 kb/d by mid-2017
TEHRAN, Feb. 12 (Shana) – President Hassan Rouhani said that crude oil production from Iran’s joint fields will increase from current 230,000…
Iran ready for promised oil output surge
Iran said on Friday that it is all set to go ahead with an immediate surge in its oil production by 500,000…
Iran ready to boost output after sanctions
TEHRAN, Dec. 05 (Shana) – Iran is poised to increase its crude oil output “immediately” to the promised 500,000 bpd after the…
MP rebuffs Nigeria’s call on Iran to delay output boost
TEHRAN, Dec. 3 (Shana) – A member of the Iranian parliament said Nigeria’s call on Iran to delay its plans to increase…
Saudi floats idea to lift oil prices but Iran, Russia reject cuts
Saudi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the…
South Yaran output to rise 50k bpd by March 2016
TEHRAN Nov. 11 (Shana) – Operator of South Yaran Oilfield said Iran will raise crude oil recovery from the field by 50,000…
Egypt welcomes Iran’s oil production hike
Egypt looks to Iran’s ramp-up of oil production which could boost the Arab nation’s proceeds from transit of crude through the SUMED…