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OPEC Weekly Price on Decline
SHANA (Tehran) –The weekly price of the OPEC basket of twelve crudes fell by 2.77 dollars during the week ending on July 25.
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Iran-Russia Gas Deal Opening a New Chapter, MP
SHANA (Tehran) - The Iran-Russia gas transfer agreement is a great step forward and will turn Iran into a regional gas hub, opening a new chapter in regional and international relations, the vice chairman of the parliament’s energy committee Ramezanali Sangdovini said.
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Owji Provides More Details on Iran-Russia Gas Pipeline
SHANA (Tehran) - Minister of Petroleum Javad Owji provided more details about the gas pipeline which is planned to be constructed to import gas from Russia.
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Iran-Russia Gas Transfer Document A Masterpiece
SHANA (Tehran) - Minister of Petroleum Javad Owji says that signing the Russian Gas Transfer to Iran Document is the masterpiece of the 13th administration's energy diplomacy attitude which can pave the way for an economic revolution and ensure the region's energy security through Iran.
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OPEC Hails Iran as a Pioneer in Oil Industry Heritage
SHANA (Tehran) - The latest issue of the OPEC Bulletin concerns the importance of the oil industry heritage and the necessity of contribution to its preservation.
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Petroleum Minister Meets President-elect
SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji met with President-elect Masoud Pezeshkian and wished him success.
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Fuel Consumption Coming Down by 10 ml/d
SHANA (Tehran) - The already prepared infrastructures will help the country to reduce fuel consumption by 10 million liters per day.
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Iran’s Crude Oil Price Rises
SHANA, Tehran, - MNA has released a report showing Iran’s crude oil price rose by 4.76 dollars per barrel during the first half of 2024.
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OPEC Weekly Price Declines
SHANA (Tehran) – The weekly price of the OPEC basket of twelve crudes fell by 1.24 dollars during the week ending on July 11.
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Oil Industry Growth Hitting 8 Percent
SHANA (Tehran) - The oil industry is predicted to grow 8 percent over the five-year development plan to March 2028 amid rising oil production to 5.5 million barrels daily.
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Rising Oil Production to 4 m/d within Reach, Owji
SHANA (Tehran) – The Iranian Minister of Petroleum says every 100 100,000 barrels of oil production per day generates 2.8 billion dollars of revenues annually, so the more the country's oil production and refining capacity increases, the more the country's economic power and foreign exchange resources increase.
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Iran And Russia Cooperate on Local Production of Catalysts
SHANA (Tehran) - The Iranian knowledge-based company of “Pishro Catalyst Almas” and the Russian company Antarx signed a memorandum of understanding on technology transfer and local production of the oil industry catalysts.
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Iranian-Made Catalysts Ready to Enter Neighboring Countries Markets
SHANA (Tehran) - After successfully producing a great part of oil industry catalysts at home, the country now enjoys the potential to export the catalysts to meet the neighboring countries' needs.
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Foreign Investment Quadrupled in Oil Industry
SHANA (Tehran) - The head of the parliament’s energy committee has said that foreign investment in Iran’s oil industry quadrupled during the 3 years of the 13th administration in office.
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Mps Evaluate 3 Years of Petroleum Ministry Performance
SHANA (Tehran) - Following the tragic loss of Ibrahim Raisi during the incident of a chopper crash in May, Iran held a snap presidential election in which Masoud Pezeshkian, a reformist-supported candidate was elected as the 9th president of the Islamic Republic of Iran in the run-off election on July 5.
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Monthly Price of OPEC Basket Rises
SHANA (Tehran) – The price of the OPEC basket of twelve crudes rose by 3.91 dollars month-on-month from 83.22 dollars on May 31 to 87.13 on June 30.
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Petrochemicals Production Capacity Surpasses 95 mt
SHANA (Tehran) - Balanced development and completing the value chain are two main targets of the petrochemical industry which are expected to be attained over the next seven years.
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Pezeshkian Wins Presidential Election
SHANA (Tehran) - Masoud Pezeshkian was elected as the new president of the Islamic Republic of Iran.
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China’s Oil Imports from Iran Reach the Highest
SHANA (Tehran) - China’s independent refiners have increased their crude imports from Iran by 4.3 percent in June to an eight-month high of around 6.1 million metric tons.
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Questioning Oil Selling Achievements Unfair
SHANA (Tehran) - While the enemy has announced clearly that it has failed to prevent Iran from selling its crude oil, some call it into doubt at home.
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Energy Optimization Market Launched
SHANA (Tehran) - The managing director of the National Iranian Gas Company (NIGC) Majid Chegeni has said that the launch of the energy optimization market is one of the tools of people's participation.
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Oil Exports Revenues Rose Considerably, Owji
SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji says that Iran’s foreign exchange revenue from exporting crude, gas condensate, oil products, and petrochemicals rose 3.5 times during the 13th administration in office since August 2021.
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Oil Sector Continues Growth in 1Q
SHANA (Tehran) - Oil sector growth was announced as positive over the first three months of the current Iranian calendar year of 1403, which began on March 21.
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Lasting Energy Imbalance Could Be Dangerous
SHANA (Tehran) - We can overcome the energy imbalance in the country by cooperating with knowledge-based companies, collecting different ideas, and considering energy conservation as a priority, the deputy minister of petroleum for engineering, research, and technology said.
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7 Gathering Associated Gases Projects Coming Online
SHANA (Tehran) - 7 gathering associated gases projects, worth 400 million dollars, will be completed over the first half of the current Iranian calendar year, which ends on March 20, 2025.
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Iran Lifts Its Rank in OPEC
SHANA (Tehran) - Iran has overtaken Kuwait and Nigeria to be the fourth largest crude/condensate exporter of OPEC.
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Iran-Russia Gas Deal to Strengthen Regional Energy Security
SHANA (Tehran) - The Iranian Minister of Petroleum says that signing the memorandum of understanding (MoU) for gas transfer from Russia to Iran will increase Iran’s share of the global gas trade, strengthening regional energy security considerably.
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Weekly Price of OPEC Basket Rises
SHANA (Tehran) – The weekly price of the OPEC basket of twelve crudes rose by 13 cents during the week ending on June 27.
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NIGC and Gazprom Sign Gas Trade Mou
SHANA (Tehran) - The Iranian National Gas Company (NIGC) and the Russian company Gazprom signed a memorandum of understanding today for gas transfer from Russia to Iran.
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Oil Production Rose by 60 Percent, Owji
SHANA (Tehran) - Iranian Minister of Petroleum, Javad Owji, says that the country’s oil production has risen by 60 percent over the three past years of Ibrahim Raisi’s administration in office.