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…
Tag Archives: Iran oil production
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…
Oil prices rise in anticipation of U.S. supply drop
Oil futures improved from their overnight lows on Tuesday, as traders moved past lackluster economic data from China to focus on supply.…
Iran aims to boost oil output by 2 million barrels from projects
Natural gas production also part of government plans $30 billion of investment seen by Goldman needed for growth Iran plans to increase…
Iran seeks raising crude production, supply
TEHRAN (ISNA)- Iran plans to increase crude production and supply after removal of sanctions imposed against the country, said Oil Minister Bijan…
Report: Iran’s oil output at highest level in 3 years
TEHRAN (Tasnim) – Iran’s oil production has risen to its highest level since sanctions were imposed against the Islamic Republic in 2012,…
Iran can hit 1 million bpd mark ‘in 3 months’
Iran’s biggest oil producer says the country is able to ramp up crude production by 1 million barrels per day within three…
Iran likely to produce 600,000 barrels of oil per day upon sanctions relief
Iran will likely produce hundreds of thousands of barrels of oil daily by the end of next year. WASHINGTON (Sputnik) — Iran…
OPEC supply reaches 3-year high as Iran pumps most since ’12
OPEC pumped the most crude last month in more than three years as Iran restored output to the highest level since international…
Iran’s coverage: Iran’s oil output up 500k bpd by Jan.
Daily look at Iran’s late-breaking news and upcoming events: Iran vows 500k bpd rise in oil output by January Oil Minister…
Iran oil to hit 4.7 million bpd ‘soon’
Minister of Petroleum Bijan Zangeneh says Iran will raise its oil recovery to 4.7 million barrels per day “in the near future”…
A look at Iranian newspaper front pages on July 7
IFP has taken a look at the front pages of newspapers on Tuesday and picked headlines from 14 of them. IFP has…
Experts say Iran oil output to rise 500 bpd before 2016
Many may have already started to speculate when economic sanctions against Iran will be lifted in case the country manages to seal…
Iran oil output to rise 700,000 b/d in 3 years
TEHRAN May 07(Shana)–Iran would raise its oil production by 700,000 b/d by March 2018 by investing $20 billion in its oil sector,…
NIOC among top 10 oil giants in world
Tehran, May 5, IRNA – National Iranian Oil Company (NIOC) is the third largest oil and gas company in the world, reports…
How Iran’s rise could mean the end of oil kingdoms
As Iran faces a lifting of sanctions, it will likely compete with Persian Gulf countries for the large yet competitive Chinese market.…
Iran says oil companies presenting proposals to invest in oil projects
Only two days after Iran and the P5+1 group of countries announced in the Swiss city of Lausanne that they had found…
As the prospects for a nuclear deal improve, Asians line up for Iranian oil
Some of Asia’s biggest refiners are betting on a positive outcome to negotiations. Once international sanctions are lifted, Tehran could boost crude…
ICOFC boosting oil and gas production
TEHRAN March 14(Shana)–Iran’s Central Oil Fields Company (ICOFC) has decided to raise its oil and gas production in the next Iranian calendar…
Iran oil production capacity at 4mb/d
TEHRAN March 03(Shana)–The Managing-director of the National Iranian Oil Company (NIOC) said Iran’s crude oil production capacity stands at 4 million barrels…
Up to 940,000 bpd crude oil production in Gachsaran
Yasuj, Kohgiluyeh-Boyerahmad Prov., Feb 12, IRNA – Gachsaran Oil and Gas Exploitation Company ran with maximum production capacity of 940,000 barrels of…
Fuel oil delivery to vessels exceeds 3 million tons
TEHRAN Feb 09(Shana)–The volume of fuel oil and gasoil delivery to vessels navigating in the Persian Gulf waters exceeded 3 million tons…
State owned companies are not cost-effective
TEHRAN Jan 03 (Shana)–In an exclusive interview with Shana, the chairman of energy committee of Expediency Council Mohammad Chegini suggested that Petroleum…
Iran reveals plans to produce oil from Caspian Sea reservoirs
TEHRAN, Nov. 24 (MNA) – Khazar Oil and Gas Company head has announced new plans for producing oil in Caspian Sea. Ali…
Rafsanjani demands OPEC cooperation to prevent further drop in oil prices
TEHRAN (FNA)- Chairman of Iran’s Expediency Council Akbar Hashemi Rafsanjani called on the OPEC member-states to stop the falling crude prices in…
Iran downstream oil revenues to rise by $200b
Tehran, Dec 26, IRNA — Iran is expected to see its revenues from downstream oil sector increase by $200 billion in four…
25 million liters of oil products confiscated
TEHRAN Dec 24 (Shana)–More than 25 million liters of various smuggled oil products were discovered over the first six months of current…
A look at Iranian newspaper front pages on Dec. 24
IFP has taken a look at the front pages of newspapers on Wednesday and picked headlines from 17 of them. IFP has…
Iran’s coverage: Brent crude oil rises above $62 a barrel as Asian markets open strong
Daily look at Iran’s late-breaking news and upcoming events: Brent crude oil price rises above $62 Oil prices have rallied again…
China’s Nov Iran crude oil imports down 2.6 pct on yr -customs
BEIJING, Dec 22 (Reuters) – China’s crude oil imports from Iran fell 2.6 percent in November from a year ago but were…
Iran said to discount light crude to Asia to deepest in 14 years
Iran is said to be offering its main crude grade to customers in Asia at the deepest discount in 14 years, taking a…
Iran’s coverage: Iran’s missile capabilities not negotiable at all, Velayati says
Daily look at Iran’s late-breaking news and upcoming events: Iran’s missile capability not negotiable: Velayati Iran’s missile capability is not for bargain,…
S.Korea’s Iran oil imports up, but not breaching sanctions
SEOUL, Dec 15 (Reuters) – South Korea’s imports of Iranian crude oil rose 6.5 percent in November from a year earlier, but…
Bids to be held electronically by yearend
Tehran, Dec 14, IRNA – An Oil Ministry deputy said simultaneously with the conclusion of the work of technical and commercial committees…
South Azadegan output to hit 80,000 b/d
TEHRAN Dec 10 (Shana)–Early production from South Azadegan oil field is expected to reach 80,000 b/d, managing-director of Petroleum Engineering and Development…
Oil resumes drop as Iran sees $40 If there’s OPEC discord
Brent resumed its decline as an Iranian official predicted a further slump in prices if solidarity among OPEC members falters. West Texas Intermediate in New…
VP: Oil price drop is a political plot
Hamadan, Dec 9, IRNA – First Vice-President Es-haq Jahangiri said fall in oil price is a serious political plot, which is not…
Ahvaz exhibition displays indigenous multi-purpose power pack unit
AHVAZ, Dec. 08 (MNA) – A Khouzestan oil industry specialist exhibition has unveiled a multi-purpose timer and power supply unit. The unit…
Tehran puts $40Bln of oil contracts on table for foreign investors
Iranian officials have said that Royal Dutch Shell, British Petroleum, France’s Total and Russia’s Lukoil had expressed interest in investing in Iran…