Iran raised to 4th place among top OPEC producers in December: IEA
The International Energy Agency (IEA) in its latest “Oil Market Report” released last week put Iran’s oil production in December at 2.72…
Tag Archives: Iran’s oil production
Coronavirus has had no effect on Iran’s oil, gas production: official
Reuters – Coronavirus has not had any effect on oil or gas production in Iran, the deputy head of the National Iranian…
Iran’s Zanganeh sees more output cuts by OPEC at next meeting: report
Reuters – Iranian Oil Minister Bijan Zanganeh was quoted as saying on Monday that he expects further production cuts to be agreed…
Significant 10% growth in edible oil production volume in eight months
MNA – Secretary of Iranian Vegetable Oil Industry Association Amir-Houshang Birashk said that edible oil production volume in the country in the…
No production increase discussed at JMMC meeting
SHANA – Iran’s OPEC Governor Hussein Kazempour Ardebily said no production increase was discussed during Sunday’s meeting of the Joint OPEC-Non-OPEC Ministerial…
Iran oil production amounts to 3.8 mn bpd. in May
MNA – The monthly OPEC report says Iran’s crude oil production averaged 3.80mn bpd (million barrels per day) in May, near a…
Planning underway to increase oil production from 29 oilfields
MNA – Iranian Minister of Oil Bijan Namdar Zanganeh said that planning is underway for increasing oil production volume from 29 oilfields.…
Iran says can raise oil output to 4.5mb/d
SHANA– Iran has potential to increase its oil production to 4.5 million barrels a day (mb/d), the head of the country’s state-run…
Death of Iran’s nuclear deal could set oil bulls loose
Bloomberg | Julian Lee: Former Secretary of State Rex Tillerson put a break on President Donald Trump’s desire to tear up the…
Iran’s OilMin: Will plan to boost oil production by 600,000 b/d by 2021
fxstreet.com– The Iranian Oil Minister Bijan Namdar Zangeneh was on the wires earlier today, via Reuters, with the key headlines found below. We don’t…
OPEC agrees on oil cut extension to end of 2018
MNA – OPEC has agreed on Thursday to extend output cuts until the end of 2018 during a 14-country meeting in Vienna.…
Iran to raise oil output beyond 2.2mn bpd
Press TV- Iran says it is preparing to increase its exports of crude oil to global markets beyond the current volume of…
Absorbing finances, enhanced crude production top on Zangeneh’s oil agenda
SHANA – Iranian Minister of Petroleum Bijan Zangeneh says tapping foreign finances in order to fund development of Iran’s joint oil and…
Iran eyes 100 kb/d of crude output from Azar oilfield
Shana– Iranian Minister of Petroleum Bijan Zangeneh says production of crude oil from Azar Oilfield can reach 100,000 b/d once its second…
Iran to keep oil cap at 3.8 mln barrels a day in second half 2017
Reuters– Iran will keep its oil production cap at 3.8 million barrels per day in the second half of 2017, the country’s…
OPEC says Iran’s oil output at 3.6 mb/d
The Organization of the Petroleum Exporting Countries (OPEC) says Iran’s oil production has reached a new record high of 3.665 million barrels…
OPEC: Iran boost oil production by 12,000 barrels in July
Tehran, Aug 11, IRNA – Iran has boosted its oil output by 12,000 battles in July as compared to the previous month…
Iran’s oil comeback may already be over
Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection of cash and…
Oil market inside
TEHRAN, June 07 (Shana) — The following is the verbatim transcription of the Oil Market Inside on the occasion of the 169th…
Crude prices jump 3 percent on weak dollar, firmer oil product markets
Oil markets rose about 3 percent on Tuesday as a tumbling dollar boosted commodities denominated in the greenback after bets the Federal…
Iran might still outwit the Saudis on oil
Iran’s oil exports are growing much more quickly than analysts predicted back in January when sanctions were eased. If the recovery continues at…
Iran backs any move to stabilize oil market: Zangeneh
Minister of Petroleum Bijan Zangeneh says Iran will support any initiative to stabilize the oil market after recent talks in Qatar failed…
Oil prices fluctuate ahead of producer meeting to discuss curbing output
Doubts are growing that any output deal could have a significant impact on prices LONDON—Oil prices fluctuated on Thursday amid market skepticism…
Iran adds 160kb to crude production capacity
TEHRAN, Jan. 30 (Shana) – Development projects at North Azadegan and Yadavaran are close to completion adding 160,000 barrels a day to…
Italy’s Eni says ready to return to Iran
Italy’s oil giant Eni announced on Monday that it is ready to return to Iran’s oil industry once the sanctions against the…
Iran oil production to hit 4.2 million bpd
Iran’s oil production will reach 4.2 million barrels per day by the end of 2016, Minister of Petroleum Bijan Zangeneh has said.…
Oil prices dive below $53 as Iran deal looms
Iran is nearing an historic nuclear deal with the West — and that’s scaring the oil markets. Oil prices plunged nearly 8%…
Iran rises to 3rd place in OPEC list of oil producers
Tehran, June 17, IRNA – Iran rose to the third place in the list of producers of the Oil Producing and Exproting…
S.Korea’s Iran oil imports drop in Oct; imports from US at 119,439 T
SEOUL, Nov 15 (Reuters) – South Korea’s imports of Iranian crude in the first 10 months of 2014 were below the 2013…
Stakes are high as US plays the oil card against Iran and Russia
Washington is trying to drive down prices by flooding the market with crude but risks collateral damage to its own shale industry.…
Iran oil output to hit 4.7mb/d
TEHRAN August 23 (Shana)–Iran’s Petroleum Minister Bijan Namdar Zanganeh has said that the country’s oil production is forecasted to reach 4.7 mb/d…
Iran, Azerbaijan to cooperate in Caspian Sea oil production
TEHRAN (Tasnim) – The Republic of Azerbaijan’s state-owned oil company will cooperate with an Iranian oil firm in exploration and production of…
Iran’s coverage: Biggest economic event starts in Tehran
Daily look at Iran’s late-breaking news and upcoming events: Biggest economic event begins in Tehran The biggest national economic gathering started…
Iran oil output rose 11% in four months: Oil Ministry official
An Iranian deputy oil minister says Iran’s oil production increased by 11 percent in the first four months of the current Iranian…
Iran plans to boost offshore oil output in Persian Gulf
TEHRAN –Iran is planning to boost oil production at offshore fields located in the Persian Gulf to 500,000 barrels per day (bpd)…
Iraq to stay ahead of Iran for now in rivalry for OPEC No.2 spot
(Reuters) – A full lifting of sanctions on Iran could spark new rivalries within OPEC as Tehran seeks to reclaim its rank as No.…
Iran mulls building refineries in Africa: NIOPDC
The deputy head of the National Iranian Oil Products Distribution Company (NIOPDC) says the Islamic Republic of Iran mulls construction of oil…
Aghajari gas injection to be ready before september
TEHRAN Jan 28 (Shana): A project for enhancing the capacity of gas injection into Aghajari field up to two billion cubic feet…
Iran can realize oil production targets without foreign help: official
TEHRAN (Tasnim) – Months after Iran oil minister pledged to return oil production capacity to 4 million barrels per day, another official…
Zanganeh: Iran eyes 4mn bpd oil output
Iran’s new oil minister says the country’s oil production must exceed four million barrels per day for the OPEC member to tackle…