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Iran, Leading Oil Output Hike
SHANA (Tehran) - OPEC data shows that Iran increased its oil production by 374,000 b/d in 2024 year-on-year. Saudi Arabia has significantly cut its output for the second year in a row.
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Iran, OPEC’s 2nd Largest Refiner
SHANA (Tehran) -- The Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) has said in its 60th annual statistical bulletin (ASB) that Iran is the OPEC’s second largest refiner. According to the bulletin, Iran’s refining capacity stands at 2.237 mb/d, and accounts for 16% of OPEC’s total refining capacity.
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Energy Contact Line with Baghdad, La Paz, Moscow
SHANA (Tehran) - Iran’s oil diplomacy has picked up speed. Iran’s Minister of Petroleum, Mohsen Paknejad, met with two key energy partners, Russia and Iraq, and held talks with Bolivia. This would open fresh prospects for regional and transregional cooperation.
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OPEC April Output: 26.7 mb/d
SHANA (Tehran) - Twelve members of the Organization of the Petroleum Exporting Countries (OPEC) supplied 26.710 mb/d in April, down 62,000 b/d month-on-month, OPEC stated in its May report.
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Crude Oil Output Up 70,000 b/d
SHANA (Tehran) – Iran’s Ministry of Petroleum increased crude oil production by 70,000 b/d under the 14th administration.
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Iran’s Oil Output Up in March
SHANA (Tehran) – Iran’s March oil production increased 12,000 b/d month-on-month to 3.335 mb/d, OPEC said in its latest monthly report.
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Shiraz Refinery Isomerization Unit Online
SHANA (Tehran) - The 5,000-b/d isomerization unit of the Shiraz oil refinery has become operational to upgrade the quality of refined products at the facility and enable it to produce 1.6 ml/d of Euro-grade gasoline.
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Crude Oil Pipeline to Bandar Abbas Refinery Launched
SHANA (Tehran) – A pipeline to supply crude oil to the Bandar Abbas Oil Refinery (branch from the Goreh-Jask pipeline) has come online with a capacity to feed 300,000 bpd. The project is aimed at enhancing production stability as well as developing strategic infrastructure in the country.
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Iran Stays OPEC 3rd Producer in Dec. 2024
SHANA (Tehran) - Iran maintained its position as the third largest producer of the Organization of the Petroleum Exporting Countries (OPEC) last December, supplying 3.314 mb/d of oil, OPEC said in a report.