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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.
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Oil Revenues Up By 300 Percent, NIOC Chief
SHANA (Tehran) - The managing director of the National Iranian Oil Company (NIOC) has said that Iran’s oil revenues rose by 300 percent during the 13th administration in office since August 2021.
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Arian Methanol Petrochemical Launched
SHANA (Tehran) - Arian Methanol Petrochemical with annual production capacity of 1.650 million tons of products and an investment of 243 million dollars was put into operation.
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NIDC Revives, Investing $800m in Drilling; NIOC Director
SHANA (Tehran) - Managing director of the National Iranian Oil Company (NIOC), Mohsen Khojastehmehr, says a license has been issued which allows the National Iranian Drilling Company (NIDC) to spend as much as 800 million dollars in purchasing drilling rigs as well as drilling related equipment and services.
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NIORDC Director:
Fuel Conservation Income Equals To 80 Percent Of Oil Exports Earnings
SHANA (Tehran) - Fuel conservation solutions not only can make revenue equal to 80 percent of crude oil exports for the country but are the most available ones as well.
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NIGC Achieves Its Development Plans Fully
SHANA (Tehran) - The National Iranian Gas Company’s (NIGC) director for coordination and supervision of production, Ahmad Zamani, says that NIGC has managed to realize the Petroleum Ministry’s programs by one hundred percent.
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Iran Exports Oil To 15 Countries
SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji says that currently Iran exports crude oil to 15 different countries across the world.
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Mokber Hails 13th Administration Oil Selling Achievements
SHANA (Tehran) - While at the beginning of the 13th administration taking office, the country’s oil selling capacity stood at 300 thousand barrels per day it rose to 1.8 million barrels per day a year and a half later.
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OPEC Weekly Price Rises for Two Weeks in A Row
SHANA (Tehran) – The weekly price of OPEC basket of twelve crudes rose by 2.04 dollars during the week ending on June 20.
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Iran Registers Highest Rate of Growth in The Region
SHANA (Tehran) - Head of Central Bank of Iran (CBI), Mohammad Farzin, says that Iran has registered the highest rate of economic growth in the region.
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No U.S Government Can Stop Iran’s Rising Oil Exports, Owji
SHANA (Tehran) - Iranian minister of petroleum, Javad Owji, says that Iran’s oil exports have risen by threefold since the 13th administration took office three years ago, adding no government in the U.S can stand in the way of Iran’s oil production and exports regardless of who takes power in Washington.
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150 Projects Worth $34B Launched in Past 3 Years, Owji
SHANA (Tehran) - Iranian Minister of Petroleum, Javad Owji, has said that over the first three years of the 13th administration in office, 150 oil industry projects, worth 34 billion dollars, have become active.
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Iran And Pakistan Stress on Boosting Economic Cooperation
SHANA (Tehran) - Iran’s acting president Mohammad Mokhber says that Pakistani officials are expected to closely pursue implementation of unfulfilled deals including Iran-Pakistan gas pipeline project (IP) expressing Iran’s readiness for cooperation to remove the hurdles.
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NIOC Finalizes 2 Oil Processing Services Contracts
SHANA (Tehran) The National Iranian Oil Company (NIOC) has signed 2 separate contracts for the purchase of crude oil processing services which is obtained by using skid mounted systems.
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Bande Karkheh Oil Field Development Contract Concluded
SHANA (Tehran) - NIOC and MAPNA Oil and Gas Development Company have signed a contract for development of Bande Karkheh oil field with in place oil reserves of 980 million barrels.
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Changuleh Oil Field Development Plan Contract Signed
SHANA (Tehran) – Changuleh oil field development contract was signed today between the National Iranian Oil Company (NIOC) and Oil Industry Engineering and Construction Company (OIEC).
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Russia Developing New Oil Fields in Iran
SHANA (Tehran) - Tehran and Moscow reviewed their past 3 years of economic cooperation, comprising all the interested bilateral issues, in the framework of the Iran-Russia Economic Cooperation Joint Commission, reaching good deals with regard to developing new oil fields in Iran.
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Iran-Russia Trade Up By 48 Percent, Novak
SHANA (Tehran) - The volume of bilateral trade between Iran and Russia increased by 48 percent during the first quarter of 2024 when compared with corresponding period last year.
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Owji And Novak Stress on Consolidating Iran-Russia Relations
SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji who is visiting Moscow has said that the two countries will continue expanding bilateral relations.
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Oil Sector Records Incredible Rate of Growth
SHANA (Tehran) - Iran’s oil sector growth stood at 20.3 percent last year, consequently played a significant role in gross domestic production (GDP) growth, helping the overall economy to become larger.
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Yadavaran Boosting Oil Production Plan Launched
SHANA ((Tehran) - The Yadavaran shared oil field’s development plan was launched on Wednesday with the aim of boosting oil production by 42 thousand barrels per day.
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South Pars Gas Field Platform 13 Ready For Gas Extraction
SHANA (Tehran) - Iranian Minister of Petroleum, Javad Owji, says the South Pars phase 13 Alpha platform is ready to start gas extraction.