Iran’s Oil Ministry has launched a major project to renovate its main oil export terminal in the Persian Gulf amid reports suggesting that aging facilities in the area have caused minor disruptions to the flow of oil to customers.
The analysts of the Standard Chartered Institute in an unconfirmed report estimated the Iranian oil export to China in June 2024 at about 1.450 million barrels per day (bpd).
Figures by the European Union’s statistics agency, Eurostat, show that Turkey resumed importing oil from Iran in March this year nearly four years after it cut shipments to zero to comply with US sanctions on Tehran.
Iranian Oil Minister Javad Owji has said that the country plans to increase its daily crude production to 4 million barrels per day (bpd) by late March 2025.
The Iranian Oil Ministry has denied a report suggesting that it is being paid in African currencies for oil exports to China, saying the claim is just an attempt to undermine Irans success in ramping up oil exports in recent months despite the continued pressure of US sanctions.
An unidentified Oil Ministry official told the ILNA news agency on ...
Latest figures by the International Energy Agency (IEA) show that Iran continued to increase its oil exports in February despite the US sanctions.
IEA figuresreleasedon the agencys website and cited in a Tuesday report by the official IRNA news agency showed that Iran had supplied an average of 2.65 million barrels per day (bpd) of oil to the markets ...
The Iranian Oil Ministry has issued a statement saying that it would welcome any offer for foreign investment in its oil and gas projects.
The unexpected statement issued late on Sunday comes days after a senior Saudi Arabian official said his country would be ready for quick investment in Iranian development projects.
Without naming any country ...
Iranian Oil Minister has said the countrys exports of crude oil have registered their highest level since 2018, after the US unilaterally withdrew from the 2015 Iran nuclear deal, and re-imposed sanctions against Tehran to curbthe exports and the associated revenue to Iran.
Javad Owjisaid that the country exported 83 million more oil barrels in ...
The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to the biggest independent crude trader.
While a new agreement would limit Irans atomic activities and ease US sanctions on its energy exports, talks between Tehran and world powers have stalled since March. Oil traders are ...
Irans state run oil company the NIOC says it will be able to immediately double its crude exports if problems facing the country at the international level are solved.
CEO of the National Iranian Oil Company Mohsen Khopjasteh Mehr said on Saturday that the company has created the capacity to raise oil exports after it managed to return to output ...
Iranian oil minister said that his ministry in the 13th administration has done marketing with all its capacity to find new and regular customers of Iranian crude oil shipments.
Javad Owji made the remarkson Saturday evening on the eve of the anniversary of the nationalization of the oil industry in the TV program.
"Today, the country's natural ...
The minister of economic affairs and finance has said that Irans oil exports have witnessed 40 percent growth during the past five months despite the sanctions against the country.
This growth could be achieved while US anti-Iran sanctions did not decrease and the Vienna talks have not reached a definite result, Ehsan Khandouzi told Iran's Arabic ...
Iran has seen its oil exports steadily increase in recent months while it has been able to recoup revenues despite sanctions imposed by the United States on both the sales and on banking transactions meant to settle payments, says a top Oil Ministry official.
Mohsen Khojasteh Mehr, who serves as the CEO of the National Iranian Oil Company (NIOC),...
After taking office in August, Minister of Petroleum Javad Owji promised that "good things will happen in the field of selling Iranian oil in the coming months". Now some 100 days since the inauguration of the new administration, Iran has boosted its oil exports to the extent that credits Owji with having achievedhis promise.
Owji ruffled some feathers ...
Irans Oil Minister Javad Owji says exports of petroleum products from the country including fuel will resume within the next two weeks amid plans by the refiners to ramp up output to respond to growing domestic demand and to increase overseas shipments.
Owji said on Tuesday in remarks made in the Iranian parliament that fuel exports will be launched ...
A senior Iranian policy-maker has vowed support for market policies of the Organization of Petroleum Exporting Countries (OPEC).
Ayatollah Ahmad Jannati, who currently leads Irans Constitutional Council as well as the Assembly of Experts, said on Thursday that Iran will continue to support the noble objectives of to help maintain stability in the ...
Iran says it will not accept any limit to its exports of oil when the situation normalizes with the removal of the most draconian US sanctions on the country.
Tehran is facing a race against time to reclaim its standing in the global energy market as producers plan to ramp up oil production through the end of 2022. President Ebrahim Raeisi, who ...
Irans Oil Minister Bijan Namdar Zanganeh says rising international oil prices wont benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.
You know that higher oil prices will make everyone happy in the short-term but in the long-run it wont be gratifying, said Zanganeh on Sunday following a virtual ...
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