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FT: Iran oil exports hit six-year high
Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost.
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Iran’s petrochemical production capacity to top 100m tons by mid-March 2025: NPC CEO
SHANA (Tehran) – Iran’s petrochemical production capacity will exceed 100 million tons by the end of the current Iranian year (March 20, 2025), said the National Petrochemical Company (NPC) managing director.
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Oil minister: Semifinished projects worth over $28b completed in a year
SHANA (Tehran) – Iran’s oil minister said on Wednesday semifinished projects worth more than $28 billion were completed in the Iranian calendar year of 1402 (March 21, 2023-March 19, 2024).
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Sanctions aimed at limiting Iran’s oil output, exports thwarted by Oil Ministry: PBO head
SHANA (Tehran) – Iran’s Plan and Budget Organization (PBO) chief said on Tuesday the Oil Ministry has managed to thwart the sanctions aimed at limiting the country’s oil production and sales in the international market.
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Iran viewed as reliable economic partner by gas importing countries
SHANA (Tehran) – Iran has been introduced as a reliable economic partner after long years of signing contracts with and exporting gas to neighboring states.
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Iran-Iraq gas contract extension outcome of promoted energy diplomacy, says MP
SHANA (Tehran) – The extension of a contract to export Iran’s gas to Iraq is the outcome of promoting energy diplomacy, particularly with neighboring states, said a member of the Parliament’s Energy Committee on Saturday.
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NPC chief says 12 petrochemical projects will come on stream by mid-March 2025
SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director said on Saturday 12 projects will become operational by the end of the Iranian calendar year of 1403 (March 20, 2025).
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Biggest increase in March oil output comes from Iran: OPEC report
SHANA (Tehran) – Iran’s oil production in March 2024 stood at 3.188 million barrels per day (bpd), showing a 28,000-barrel increase from its February output, the biggest hike among the members of the Organization of Petroleum Exporting Countries, the Monthly Oil Market Report (MOMR) of OPEC showed.
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Owji: Oil Ministry to provide projects with forex funds in collaboration with CBI
SHANA (Tehran) – The provision of foreign exchange funds for the Oil Ministry’s projects in collaboration with the Central of Bank of Iran (CBI) will be put on the agenda, said Oil Minister Javad Owji on Wednesday.
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Iran Oil Show 2024 poster, motto unveiled
SHANA (Tehran) – The poster of the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition having the moto “Oil Industry; Surge in Production, Technological Optimization” was unveiled on Wednesday.
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Owji says forex earnings will increase in year of ‘Surge in Production Through People’s Participation’
SHANA (Tehran) – Iran’s Oil Minister Javad Owji, in an X post, wrote on Tuesday his country’s foreign exchange revenues will hopefully increase in 1403 (starting March 20, 2024), the solar year designated by the Leader as the year of “Surge in Production Through People’s Participation”.
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SP phases inauguration, consumption management have prevented gas supply cuts: Official
SHANA (Tehran) – Iran’s government spokesman said on Tuesday no gas supply cuts thanks to inauguration of new phases of the South Pars (SP) field and consumption management have been reported since the 13th administration took office in August 2021.
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Lawmakers laud 13th administration’s energy record
SHANA (Tehran) – A number of Iranian lawmakers hailed the 13th administration’s performance in the energy sector.
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NPC chief says workshops will be formed to spur surge in production
SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director said on Sunday workshops will be formed to realize the slogan of 1403 solar year (starting March 20, 2024) designated by the Leader as the year of “Surge in Production Through People’s Participation”.
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MP: Investments in oil industry promising
SHANA (Tehran) – A member of Iran’s Parliament said increasing investments, development of oil fields, and infrastructure measures in the oil industry are among promising economic moves.
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Owji: Resistance front’s actions deter energy exports to occupied territories; Zionist regime’s economic collapse imminent
SHANA (Tehran) – Iran’s oil minister said on Friday the resistance front’s actions in vital crossings have deterred energy exports to the occupied Palestinian territories.
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Iran’s 5.4% economic growth in 2023 second-highest in world: PBO chief
SHANA (Tehran) – Iran’s Plan and Budget Organization (PBO) Head Davoud Manzour posted on X, formerly known as Twitter, that the country’s 5.4 percent economic growth in 2023 reported by the International Monetary Fund (IMF) was the second-highest rate in the world.
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Owji: Turkish companies’ presence in Iran’s oil industry welcome
SHANA (Tehran) – Iran welcomes Turkish companies’ participation in projects of its oil industry, said Oil Minister Javad Owji on Thursday.
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OPEC+ ministers keep output policy steady as oil rallies
A meeting of the top OPEC+ ministers kept oil output policy unchanged and pressed some countries to boost compliance with output cuts, a decision that spurred international crude prices to their highest in five months at nearly $90 a barrel.
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Iran’s annual oil exports hit nearly $36b: IRICA chief
SHANA (Tehran) – Oil exports in the previous Iranian calendar year, which ended on March 19, fetched the country $35.87 billion, said the Islamic Republic of Iran Customs Administration (IRICA) head on Tuesday.
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Economic growth has nothing to do with oil price hikes: Khandouzi
SHANA (Tehran) – Rise in oil prices does not contribute to improvement of economic growth, said the Iranian government’s economic spokesman on Tuesday.
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Oil Ministry creates stable market for knowledge-based companies: Official
SHANA (Tehran) – Iran’s Oil Ministry has created a stable market for knowledge-based companies, said a ministry official on Monday.
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Novak: Russia will cut oil output in Q2 to catch up with other OPEC+ countries
Russia has decided to focus on reducing oil output rather than exports in the second quarter in order to evenly spread production cuts with other OPEC+ member countries, Deputy Prime Minister Alexander Novak said on Friday.
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Gas exports to Iraq fetched Iran $15b, says deputy minister
SHANA (Tehran) – Iran has earned $15 billion from exporting some 52 billion cubic meters (bcm) since 2017, said the deputy oil minister.
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Over 1,500 domestic, 250 foreign companies to participate in Iran Oil Show 2024
SHANA (Tehran) – More than 1,500 domestic and 250 foreign companies will take part in the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2024, said the public relations manager of the National Iranian Oil Company (NIOC) on Thursday.
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Contract on Iran gas exports to Iraq extended
SHANA (Tehran) – Tehran and Baghdad extended a contract on exporting Iran’s gas to Iraq for five years on Wednesday.
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Iran says will speed up APG collection process, inaugurate NGL 3100 plant soon
SHANA (Tehran) – Iran’s oil minister said on Wednesday the process of gathering associated petroleum gas (APG) will be accelerated in the Persian New Year (starting March 20).
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Two refining projects inauguration, Shahid Soleimani plant operations imminent: NIORDC chief
SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) managing director said two refining projects will be inaugurated by mid-June.
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Oil, gas industry development main factor in Iran’s economic growth, says MP
SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee said the development of the oil and gas industry was the main factor in domestic economic growth in the previous Iranian calendar year of 1402 (March 21, 2023-March 19, 2024).
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Owji emphasizes people’s capacities, upstream contracts’ role in production surge
SHANA (Tehran) – Iran’s Oil Minister Javad Owji put great emphasis on making use of people’s capacities.