Effects of government policies to neutralize sanctions, increase oil revenues ‘noticeable’: MP

SHANA (Tehran) – A member of Iran’s Parliament said the effects of the government’s policies to neutralize sanctions and increase oil revenues and economic growth are “noticeable”.

Oil steadies on hopes U.S. will ease sanctions on Venezuela

Oil prices steadied on Tuesday after a more than $1 slide on Monday amid hopes the U.S. would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the war between Israel and Hamas.

NPC CEO: Foreign guests’ strong presence in IranPlast expo means ‘sanctions have no place’ in petchem industry

SHANA (TEHRAN) – Iran’s National Petrochemical Company (NPC) managing director on Sunday said the twentyfold increase in number of foreign participants of the 17th IranPlast International Exhibition means that “economic sanctions and threats have no place” in petrochemical industry.

NISOC head: Iran can overcome sanctions by relying on domestic capabilities

SHANA (Tehran) – The 13th administration proved that Iran can defeat sanctions by relying on domestic capabilities, said the National Iranian South Oil Company (NISOC) managing director.

Owji: Iran oil exports on the rise despite ‘harsher’ sanctions

SHANA (Tehran) – Iran’s oil minister on Friday said his country’s oil products and exports have climbed in spite of “harsher” sanctions.

Iran's oil exports hit five-year highs

Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.

Raeisi: Strengthening economy most effective way to confront sanctions

SHANA (Caracas) – Iran’s president on Monday said the strengthening of the economic sector is the most effective way to confront sanctions.

MP: Oil Ministry proves sanctions can be skirted by energy diplomacy

SHANA (Tehran) – Iran’s Oil Ministry has proved that sanctions can be circumvented by exercising energy diplomacy, said a lawmaker.

MP: Iran Oil Show a symbol of neutralizing sanctions

SHANA (Tehran) -- The 27th International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition, having the motto “Oil Industry; Technological Production, Optimal Consumption”, is a symbol of neutralizing sanctions, an Iranian lawmaker said here on Thursday.

U.S. senator: Iran oil exports rising under sanctions

A senior U.S. Republican senator confirmed the rise in Iran’s oil revenues in recent months, confessing to the ineffectiveness of the sanctions that have been unilaterally imposed on the country.

Preventing Sale of Iran Oil by Enemies Failed: Representative

TEHRAN (Shana) -- A member of the Expediency Council and representative of the Supreme Leader in the Supreme National Security Council said: “The enemies announced that you cannot sell oil, but given the budget bill 1401 and 1402 and the amount of oil announced in it, we can sell it, and the budget is adjusted based on that.”

Iran Hard Currency Reserves Reliable: President

TEHRAN (Shana) -- The President said: “I assure the people and economic activists that we have good and reliable hard currency reserves and the money from the sale of oil returns to the country.”

OIPC Following Up Pending Contracts In Europe

TEHRAN (Shana) -- The Chairman of the Presiding Board of Oil Industry Pension Fund (OIPC) said: “The Economic Group of Oil Industry Pension Fund is following up pending contracts in European countries.”

Deputy FM: Synergy Between Foreign, Petroleum Ministries in Exports Foils Enemies’ Plots

SHANA (Tehran) – Iranian Deputy Foreign Minister for Political Affairs Ali Bagheri Kani here on Sunday said the positive synergy established between the foreign and petroleum ministries in exporting oil has caused the enemies’ “maximum pressure” on the country to end in failure.

Iran Oil Exports Rising regardless of Vienna Talks

TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC), referring to the desire of Asian companies to buy Iranian crude oil despite the sanctions, said: "Regardless of the outcome of the JCPOA talks, and given the high demand for oil in the market, Iran will continue to boost its sales.”

Petchem Industry Could Revive Iran Economy: Official

TEHRAN (Shana) – The secretary general of Iran's Association of Petrochemical Industry Corporation (APIC) said the petrochemical industry can revive Iran's economy.

Oil, Gas Development under Shadow of Sanctions

TEHRAN (Shana) -- The outstanding feature of the track record of the two administrations of outgoing President Hassan Rouhani would be sought in the development of joint oil and gas fields in South Pars and West Karoun. Under these two administrations, oil recovery from the fields jointly owned by Iran and Iraq in West Karoun grew five-fold, while South Pars saw its production increase three-fold over the same period.

Iran says Oil Revenue Fell over $100b since 2018

TEHRAN (Shana) -- In a report on oil sales performance during the escalation of sanctions and the economic war, Iranian Minister of Petroleum Bijan Zangeneh said that in the three years of the economic war, Iran’s oil revenues fell by more than $100 billion.

Spokesman:

“Iran has regained part of its oil market share”

TEHRAN (Shana) -- A Foreign Ministry spokesman said: "During the failed US maximum sanctions, the main goal of the oil industry was to regain Iran's share of the oil market. In the last one year, we have regained part of this share.”

NIOC Prepared for Speedy Resumption of Iran Oil Production

TEHRAN (Shana) -- The deputy director of production at the National Iranian Oil Company (NIOC) said: "Precise planning has been done to restore oil production to the pre-sanctions levels in one-week, one-month and three-month intervals, and if the sanctions are lifted, most of the country's oil production will be revived within a month."

Ex-NIOC CEO Relates Experience of Iran Returning to Oil Market

TEHRAN (Shana) -- The former CEO of the National Iranian Oil Company spoke about the experience of returning Iranian oil to the market after the Joint Comprehensive Plan of Action (JCPOA).

Iran says more in Control of Oil Sales

TEHRAN (Shana) – First Vice President Eshaq Jahanigiri said Iran has tried to neutralize the impact of the sanctions and has gained a lot of control over its oil sales.

NISOC Prepared to Enhance Iran Oil Output: CEO

TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to increase its oil output to a figure beyond the pre-sanctions levels in 2018.