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…
Tag Archives: oil output
Iran says it will adopt maximum crude output policy if US lifts sanctions
India Today – Iran will adopt a policy of maximum crude production if the United States lifts sanctions on the country’s oil…
OPEC, allies struggle to fully deliver pledged oil output boost – internal document
Reuters – OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen…
Iran plans to boost oil output in Persian Gulf
SHANA – The Iranian Offshore Oil Company (IOOC) signed a contract with PetroIran Company for maintaining and enhancing oil production capacity of…
Saudi Arabia and extra oil output; challenges & restrictions
SHANA – The US withdrawal from Iran’s 2015 nuclear deal with six world powers and Washington’s attempts to cut Iran’s oil exports…
Saudi crown prince to Trump: We’ve replaced all Iran’s lost oil
Bloomberg – Saudi Arabia’s crown prince, facing U.S. pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises to…
Saudi Arabia, Russia agreed in September to lift oil output, told U.S.
Reuters – Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed…
Libya leads OPEC oil output to 2018 high despite Iran losses
Bloomberg – OPEC crude production rose in August to the highest level this year as a recovery in Libyan output helped to…
West Karoun output keeps rising
SHANA – Iran holds about 67 billion barrels of oil in place in the jointly owned oil fields in the West Karoun…
Riyadh says ready to balance market with surplus oil
Press TV – Saudi Arabia says it is ready to use its surplus two million barrels of oil production capacity to even…
Trump request for Saudi oil output rise amounts to call for exiting OPEC – Iran
Sputnik – US President Donald Trump’s request for Saudi Arabia to step up its oil output to 2 million barrels per day…
Riyadh doesn’t “like” raising oil output, Saudi official says
Press TV – Riyadh does not “like” raising its oil production not at least beyond 11,000 barrels per day (bpd), says a…
Iran says Saudis ‘belittle’ OPEC if raise oil output
Press TV – Iran has strongly reacted to a purported plan by Saudi Arabia to increase its production of crude oil and…
Zangeneh: Latest OPEC statement confirms October 2016 decisions
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said the 174th statement of the Organization of the Petroleum Exporting Countries (OPEC) confirms…
Iran sees little extra oil if OPEC, partners stick to deal
Reuters – Iran said on Saturday the world will see little extra oil reaching the market if OPEC and its partners adhere…
Iran rules out OPEC deal as Russia, Saudi push for oil output hike
Reuters – Iran said on Tuesday OPEC was unlikely to reach a deal on oil output this week, setting the stage for…
OPEC unlikely to change output cut plan: Iran
IFP – Iranian Minister of Petroleum Bijan Zangeneh said: “OPEC may choose to alter its output cut plan which I think would…
Iran eyes 1.7 mbd oil output capacity increase
SHANA – Iranian Minister of Petroleum Bijan Zangeneh Iran will increase its crude oil production capacity by at least 1.7 million barrels…
Iran’s oil output to reach 9m bpd in 20 years: Oil official
IRNA – It is possible for Iran to raise the oil output by 9 million barrels per day (bpd) within a twenty-year…
Iran can reach pre-revolution crude output levels: NIOC
SHANA – Iran says it can reach 6 million barrels per day of crude output through optimized management, foreign investment and state-of-the-art…
Iran says OPEC action on output cuts must address Libya, Nigeria
Bloomberg – OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output…
Fuel oil output of Iran refineries below 10% by 2025
SHANA – A senior Iranian oil official says fuel oil output of Iran’s refineries will be reduced to less than 10% by…
West Karoon oil output to hit 368kbd by March 2018
SHANA – A senior Iranian oil official says production capacity of the oilfields located in West Karoon region will reach 368,000 barrels…
Iran oil output near 4 million bpd: Spokesman
IRNA – Iran’s oil production has risen to over 3.9 million barrels per day (bpd), spokesman for the government announced here on…
Iran to boost oil output to 4.7m bpd: Minister
IRNA — Minister of Petroleum Bijan Zangeneh said that Iran is planning to increase the capacity of oil production to 4.7 million…
Iran says supports extending oil output cuts
Press TV – Iran has indicated its support for extending a crucial oil output agreement by world’s biggest producers that helped stabilize…
Iran’s oil output to reach 4mb/d next March
Press TV – Iran’s Oil Minister says he expects the country’s overall oil production capacity to reach around four million barrels per…
Iran’s oil output hits 3.8mln bpd in February: OPEC
Tasnim – The Organization of the Petroleum Exporting Countries (OPEC) said Iran’s oil production reached a new record high of 3.8 million…
IEA doubles forecast for new OPEC oil by 2022 as Iraq ramps up
Bloomberg– OPEC will increase its production capacity by about twice as much as previously thought, led by expansion in Iran and Iraq,…
Iran’s Arvandan sees oil output capacity up at 450,000 bpd by March
AME Info– Iran’s Arvandan Oil and Gas Co hopes to raise its crude output capacity to 450,000 barrels per day (bpd) by…
Iran’s oil output rose by 40k bpd in Nov.
Press TV- New indications have appeared showing that Iran continued to increase its production of crude oil last month Reuters in…
Iran may reduce its oil output as part of an OPEC deal
IFP- OPEC will debate an oil output cut of 4.0-4.5 percent for all of its members except Libya and Nigeria next week.…
Iran pumps more oil as Saudi minister calls for OPEC output cuts
Bloomberg| Sam Wilkin: Iran boosted oil output at three western fields faster than it expected as rival OPEC producer Saudi Arabia called…
Oil falls as non-OPEC yet to pledge concrete output steps
Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to…
OPEC internal discord thwarts plans for global supply cut
The two-day OPEC meeting in Vienna, attended by several non-OPEC oil producers, has concluded without any substantial result, albeit the participants have…
Iran hails exemption from OPEC’s cuts as victory but winter is coming
On September 28, OPEC members reached a landmark agreement to cut supplies after eight years, during which Iran’s oil output was dented…
Iran reaches 4Mln barrel per day oil output – National oil company
Iran achieved 4 million barrels per day oil production less than a year after lifting nuclear sanctions, Managing Director of National Iranian…
Oil prices lower after Iran douses hopes for production deal
Crude oil prices lost steam in early Asian trade Tuesday after Iran played down expectations for an oil-production deal, calling the oil…
Iran won’t agree to freeze oil production unless Saudis slash theirs
Iran does not see any benefit to freezing oil production while other OPEC members are producing at a high level, Mohammad Sadegh…
Iran ready to raise oil output to 4 mln bpd depending on demand -NIOC
SINGAPORE, Sept 5 Iran is ready to raise its oil production to 4 million barrels per day (bpd) in the next two…