Iran's President Hassan Rouhani says the country is ready to increase oil exports in the next year. Speaking on Sunday in the one hundred and eighty-fifth meeting of the Cabinets Economic Coordination Board, he said "Due to sanctions before the Joint Comprehensive Plan of Action (JCPOA), oil production and sales faced restrictions, but ...

Iran is producing more than 400,000 b/d of oil from West Karoon fields, shared with Iraq, which shows a 460 percent growth compared to figures from seven years ago. Irans oil production from West Karoon fields stood at 71,000 b/d seven years ago when President Hassan Rouhani began his first term in office. Iran also has plans to finally increase ...

SHANA The CEO of the National Iranian Oil Company (NIOC) said Iranian firms would enjoy over 70 percent share in oil production enhancement and maintenance projects in the countrys fields. Addressing a ceremony to sign 13 oil contracts with local companies in order to enhance and maintain productivity of oil fields on Monday, Masoud Karbasian said,...

IRNA With a 10% increase in extraction rate from the shared field of South Azadegan, Iran is expected to produce some 2.7 billion more barrels of oil amounted to dlrs one trillion, Petroleum Minister Bijan Zangeneh said on Monday. Speaking in the signing ceremony of a contract to develop South Azadegan Field, the minister that incomes from South ...

Reuters - The coronavirus outbreak has not stopped oil production in Iran, the official IRNA news agency quoted Oil Minister Bijan Zanganeh as saying on Tuesday. The ministry has made strenuous efforts not to halt production in the oil industry while protecting its workers, Zanganeh said. Iran, one of the Middle East countries hit hardest by ...

MNA Irans Oil Minister Bijan Namdar Zanganeh said the Organization of the Petroleum Exporting Countries cannot solely handle the current market issues, urging other producers' commitment in this regard. The coronavirus outbreak has caused fuel demand to drop drastically, which has also led to the slump of prices this year, Zanganeh said ...

Reuters - Irans oil production capacity increased by 6,000 barrels per day after a platform was installed at the offshore Salman field in the Gulf, the official news agency IRNA reported on Saturday, citing Alireza Salmanzadeh, head of the Iranian Offshore Oil Company. With the installation of the S1 platform at Salman oilfield, Irans oil output ...

Press TV - Iran's Ministry of Petroleum saysthe coronavirus has not affected Irans oil and gas production and that the virus containment at the oil industry has successfully been fulfilled. "It has had no effect on Iran's oil production and we are producing as before. Of course, we have seen a decline in transportation and consumption inside cities,...

OilPrice | Simon Watkins: Given the array of sweetener deals in the oil and gas sector promised to Russia by Iran in the past year or so suspended until public outcry over these bargain-basement giveaways has died down Tehran is now sufficiently confident in its implicit support from Russia that it is going ahead with fully developing a long-disputed ...

SHANA -- The CEO of the National Iranian South Oil Company (NISOC) said the company was prepared to bring its oil production to maximum in the shortest time possible. According the National Iranian Oil Company (NIOC), Ahmad Mohammadi said NISOC had carried out its pre-planned overhaul operations in recent months and was prepared to bring its output ...

MNA Energy Deputy of Iran's Passive Defense Organization said that oil production will always remain stable in the Persian Gulf and the region will be protected like a "precious pearl" by Iran. Energy Deputy of Iran's Passive Defense Organization General Mohammad Ali Motiei made the remark on Monday in Pars Special Economic Energy Zone. He added ...

Tehran Times The executive operation of a development project for maintaining and enhancing oil production at Saadat Abad oil field in central Iran commenced on July 17, Shana reported. According to the Central Iranian Oil Fields Company (CIOFC), with 2.245 trillion rials (nearly $53.5 million) of investment, the project is aimed to increase the ...

Tasnim Iranian lawmakers approved the generalities of a bill to increase the capacities of the countrys oil and gas refineries. During an open session of the parliament on Sunday, the MPs passed the generalities of the bill with 136 votes in favor, 32 votes against, and 3 abstentions. The spokesperson for the parliaments Energy Commission, Sakineh ...

Tehran Times - Major multinational oil and gas company British Petroleum (BP), in its latest world energy report called BP Statistical Review of World Energy, has put Irans crude oil production at 4.156 million barrels per day (bpd) in 2018. Based on the review, Iran's crude oil and condensate output fell seven percent in 2018 compared to the preceding ...

MNA Iran is building 14 petrochemical projects in Phase I of Parsian Energy Intensive Industrial Special Economic Zone (PEIISEZ) which will increase the countrys petrochemical output by 15 million ton per year. The deputy petroleum minister for petrochemical affairs said implementation of 14 petrochemical projects in the first phase of PEIISEZ ...

MNA Pardis Urea and Ammonia Plant has registered a new production and export record in the calendar year of 1397 which ended on March 20. According to National Petrochemical Company (NPC), last year, the companys ammonia and urea output was 21 and 32 percent higher than the preceding year while its domestic sales and exports grew by 48% year-on-...

Financial Tribune - The engineering and designing phase of 20 crude oil storage facilities near the southeastern port of Jask in Hormozgan Province is almost finalized, managing director of the Petroleum Engineering and Development Co. said Saturday. "Petro Omid Asia Company and Omid Investment Management Group will start the construction phase ...

Bloomberg - Irans oil production hasnt seen any reduction and the country just loaded crude for export, said Hamid Bovard, the head of the Iranian Offshore Oil Co. It loaded the latest batch of crude from its offshore fields for export three days ago, Bovard said at a press conference, without elaborating on the volume or the destination. Exports ...

Reuters - Iran has discovered oil in the southwestern Abadan region for the first time, Oil Minister Bijan Zanganeh was quoted as saying by the Mehr news agency on Wednesday. The oil was found at a depth of 3,570 meters in an exploratory well and is very light and sweet, Zanganeh reportedly said. This is the first time weve reached oil in the ...

MNA Despite enjoying a great variety of income sources besides oil, Iran is undeniably dependent on oil revenues for managing its financial affairs. According to economists, near 70% of the Iranian governments total income comes from selling oil and oil products. So, considering the significance of oil in Irans macro-economic planning, every year ...