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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.
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Lawmaker sees bright future for Iran oil industry
SHANA (Tehran) – A bright future is awaiting Iran’s oil industry, said the Parliament’s Energy Committee vice-chairman on Sunday.
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MP: Oil Ministry in the lead on utilizing knowledge-based firms’ capacities
SHANA (Tehran) – The Oil Ministry led other ministries in terms of applying the expertise of knowledge-based companies in the Iranian calendar year of 1402, which ended on March 19, said a member of the Parliament on Saturday.
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Iran’s oil sector economic growth indicator of sanctions failure: MP
SHANA (Tehran) – The oil sector’s economic growth in the previous Iranian calendar year (ending March 19) shows that the sanctions imposed on the industry have failed, said a member of the Parliament.
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Islamabad says committed to Iran-Pakistan gas pipeline project
SHANA (Tehran) – Pakistan’s Foreign Ministry spokesperson has reacted to recent remarks by U.S. Assistant Secretary for South and Central Asian Affairs Donald Lu on her country’s joint gas pipeline project with Iran.
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Putin: Successful holding of Iran-Russia Joint Economic Cooperation shows promotion of cooperation
SHANA (Tehran) – Russian President Vladimir Putin said the successful holding of the 17th Joint Economic Commission between the Islamic Republic of Iran and the Russian Federation in Tehran and the 77% growth in goods trade are positive signs of the promotion of bilateral cooperation.
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Leader: Mobilization of all resources a must for economic boom
SHANA (Tehran) – Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Wednesday urged mobilization of all resources and collective efforts by the entire nation to bolster economic growth.
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Leader designates 1403 as year of ‘Surge in Production Through People’s Participation’
SHANA (Tehran) – Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, in his Wednesday’s New Year address, designated 1403 solar year (starting March 20, 2024) as the year of ‘Surge in Production Through People’s Participation’.
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Raeisi congratulates New Year, says ‘we won’t tie Iran's progress to others’ permission, smiles’
SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi congratulated the Iranian people on the auspicious occasion of Nowruz and the beginning of 1403 solar year (starting March 20, 2024).
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Iran oil minister’s New Year message
SHANA (Tehran) – Iran’s Oil Minister Javad Owji, in a message, felicitated the Iranian people on the arrival of Nowruz and the beginning of 1403 solar year (starting March 20, 2024).
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Owji, Novak discuss Iran-Russia cooperation, oil market
SHANA (Tehran) – Iran’s Oil Minister Javad Owji and Russian Deputy Prime Minister Alexander Novak hold phone talks on bilateral cooperation and oil market on Monday.
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Contracts for six oil fields development to create 60,000 jobs: Spox
SHANA (Tehran) – Iran’s government spokesman posted on X, formerly known as Twitter, that the contracts signed for the development of six oil fields will create job opportunities for 60,000 people.
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Owji: No pause in oil exports; no wait for foreigners
SHANA (Tehran) – Iran exported oil without a pause during the current Iranian calendar year (to end on March 19), said Oil Minister Javad Owji on Sunday.
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Soumar, Saman, Delavaran oil fields development project awarded to Iranian companies
SHANA (Tehran) – The National Iranian Oil Company (NIOC) signed a contract with two domestic companies on Sunday for development of Soumar, Saman, and Delavaran oil fields.
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Investment in oil, gas industry among most important links in Iran’s independence chain: First VP
SHANA (Tehran) – Investment in the oil and gas industry is one of the most important links in Iran’s independence chain, said First Vice President Mohammad Mokhber.
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Contract on second-stage development of Iran’s oldest oil field signed
SHANA (Tehran) – The National Iranian Oil Company (NIOC) and Sina Energy Development Company (SEDCO) signed a contract worth $260 million to begin the second phase of Masjed Soleyman oil field’s development.
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Contract for second-stage development of Azar oil field signed
SHANA (Tehran) – The National Iranian Oil Company (NIOC) and Sarvak Azar Engineering and Development Company on Sunday signed a contract for the second-stage development of Azar oil field.
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Contract on integrated development of Azadegan joint oil field signed in presence of Iran’s first VP
SHANA (Tehran) – The National Iranian Oil Company and Dasht Azadegan Arvand Oil and Gas Development Company signed a contract on the integrated development of Azadegan joint oil field on Sunday.
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Iran’s biggest oil contracts in past decade to be signed
SHANA (Tehran) – Iran’s biggest contracts in the past decade worth over $13 billion will be signed in the presence of Oil Minister Javad Owji and National Iranian Oil Company (NIOC) Managing Director Mohsen Khojastehmehr.