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Owji: OPEC+ supply policies stabilize world oil market
SHANA (Moscow) – Iran’s Oil Minister Javad Owji on Wednesday said unity between member states of OPEC and OPEC+ alliance has led to producers’ desirable consensus on supply and stability of world market and prices.
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Russia, Saudi Arabia discuss oil market, prices
Saudi Arabia and Russia, the world's top two oil exporters, on Wednesday discussed the situation on the oil market and prices amid the escalating conflict between Israel and Hamas, President Vladimir Putin's top oil official said.
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Owji says Iran-Russia oil, gas talks will be held in Moscow
SHANA (Moscow) – Iran’s Oil Minister Javad Owji on Wednesday said oil and gas talks will be held with Russian companies on the sidelines of the 6th Russian Energy Week International Forum in Moscow.
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Owji arrives in Moscow to attend Russian Energy Week International Forum
SHANA (Moscow) – Iranian Oil Minister Javad Owji arrived in Moscow on Wednesday to take part in the 6th Russian Energy Week International Forum.
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OPEC, oil industry will attend COP28 climate summit: OPEC SG
The world's top oil producers, and representatives from the energy industry, will attend the COP28 climate summit in the United Arab Emirates, the head of the Organisation of Petroleum Exporting Countries (OPEC) said on Tuesday.
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Iran outdoes regional states in oil, gas exploration: NIOC chief
SHANA (Tehran) – Iran has surpassed regional countries in oil and gas exploration since the 13th administration took office two years ago, said the National Iranian Oil Company (NIOC) managing director.
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Iran’s Parliament authorizes Oil Ministry to build refineries abroad
SHANA (Tehran) – Iran’s Parliament on Monday gave permission to the Oil Ministry for participation in foreign refinery construction projects.
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OPEC hikes long-term oil demand outlook – in stark contrast to other predictions of peak crude
OPEC on Monday raised its medium- and long-term forecasts for global oil demand.
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MP: Iran oil exports up despite sanctions
SHANA (Tehran) – A member of Iran’s Parliament said the country’s oil exports have surged despite sanctions.
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Russia lifts ban on most diesel exports
Russia's government said it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21.
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OPEC+ maintains output reduction to boost oil prices
An OPEC+ panel recommended Wednesday that the oil group keep its current output reduction strategy unchanged after heavyweights Saudi Arabia and Russia vowed to maintain their cuts to prop up prices.
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Owji: Three oil, one gas fields discovered in two years; 2.6b barrels added to Iran’s recoverable reserves
SHANA (Tehran) – Iran’s oil minister said on Wednesday that three oil and one gas fields have been discovered since the 13th administration took office two years ago.
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Iran oil minister: Some $20b invested in two years to put projects into operation
SHANA (Tehran) – Iran’s oil minister on Monday said about $20 billion have been invested since the 13th administration took office two years ago to implement upstream and downstream projects.
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Iran-Saudi détente a positive step in increasing cooperation: Analyst
SHANA (Tehran) – An expert in international relations has described the rapprochement between Iran and Saudi Arabia as a positive step toward promoting cooperation.
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OPEC oil output rises for second month on Nigeria, Iran – Reuters survey
OPEC oil output rose for a second straight month in September, a Reuters survey found on Monday, led by increases in Nigeria and Iran despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market.
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OPEC optimistic on demand, calls for more oil and gas investment
OPEC is optimistic on demand and sees under-investment as a risk to energy security, Secretary General Haitham Al Ghais said on Monday at an energy industry event in Abu Dhabi.
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Owji says U.S. senators have confirmed rise in Iran’s oil output, exports
SHANA (Tehran) – U.S. senators and Western media have confirmed the increase in Iran’s oil production and exports despite sanctions over the past two years, said Iranian Oil Minister Javad Owji on Saturday.
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Arash gas field issue to be settled through political talks: Analyst
SHANA (Tehran) – A senior expert in West Asia affairs is convinced that the dispute over the Arash gas field, known as Al-Dorra in Kuwait and Saudi Arabia, will be resolved through holding political negotiations and reaching an agreement.
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Owji: Refining capacity, oil products quality promoted under 13th administration
SHANA (Isfahan) – Iranian Oil Minister Javad Owji on Friday said the country’s refining capacity and quality of oil products have been promoted under the 13th administration.
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Isfahan Refinery’s RFCC executive operations start during president visit
SHANA (Isfahan) – The executive operations of Isfahan Oil Refinery’s Residual Fluid Catalytic Cracking (RFCC) Unit began on Friday.
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Isfahan Refinery’s Diesel Hydrotreating Unit comes online in presence of Raeisi, Owji
SHANA (Isfahan) – The environmental project of Isfahan Refinery’s Diesel Hydrotreating (DHT) Unit was inaugurated in the presence of President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji on Friday.
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Raeisi to inaugurate Isfahan Refinery’s DHT Unit shortly
SHANA (Isfahan) – The environmental project of Isfahan Refinery’s Diesel Hydrotreating (DHT) Unit will be inaugurated in the presence of President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji within hours.
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Owji: Oil industry plays ‘pivotal’ role in promoting Iran, Saudi Arabia common economic interests
SHANA (Tehran) – Oil industry can play a “pivotal” role in promoting common economic interests of Iran and Saudi Arabia, said Iranian Oil Minister Javad Owji on Tuesday night.
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NIDC says 55 wells drilled, completed in six months
SHANA (Tehran) – The National Iranian Drilling Company (NIDC) consolidated planning director on Tuesday said 55 onshore and offshore oil and gas wells have been drilled and completed in the first half of the current Iranian calendar year (March 21-September 22, 2023).
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NPC: Iran seeking to export petrochemical technical services to Venezuela, Brazil
SHANA (Tehran) – The production control manager of Iran’s National Petrochemical Company said NPC has outlined a plan for exporting technical services to Venezuela and Brazil.
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South Pars gas field production capacity to top 730 mcm/d next winter: POGC CEO
SHANA (Tehran) – The Pars Oil and Gas Company (POGC) managing director said Iran’s gas production capacity in the South Pars field will exceed 730 million cubic meters per day (mcm/d) next winter.
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Oil sector’s economic growth up 368% YoY, exports account for over 24% of Iran’s GDP growth
SHANA (Tehran) – The Iranian oil sector’s economic growth rate jumped 368 percent year on year (YoY) in spring 2023.
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Owji’s X post highlights oil sector’s top position in Iran economic growth ranking
SHANA (Tehran) – Iranian Oil Minister Javad Owji’s post on X, formerly called Twitter, highlighted the oil sector’s 16.4 percent economic growth in spring 2023, the highest rate in the country.
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$50b projects to drive Iran’s oil, gas output growth underway: NIOC official
SHANA (Tehran) – A number of oil and gas projects worth some $50 billion are in progress, said a National Iranian Oil Company (NIOC) official on Wednesday.
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Iran regains pre-sanctions OPEC rank with over 1m bpd output hike: NIOC chief
SHANA (Tehran) – Iran has regained its pre-sanctions position in the OPEC crude oil production table with an increase of more than 1 million barrels per day (bpd) achieved under the 13th administration, said the National Iranian Oil Company (NIOC) managing director on Wednesday.