New Chapter Opens in Tehran-Havana Relations

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and Cuban President Miguel Diaz-Canel signed memoranda of understanding to expand cooperation between the two countries in various economic sectors.

Iran Keen on Tapping Capacity of Iran-Venezuela Ties: Owji

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said in his twitter account: "We want to use all our capacities to develop bilateral relations and cooperation.”

FM Spokesman:

Iran Selling Oil in World Markets

TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said all crude oil allocated to the export sector would be sold in world markets.

IOOC Plans to Enhance Output

TEHRAN (Shana) -- The CEO of the Iranian Offshore Oil Company (IOOC) outlined the company's significant steps to increase oil production capacity from Iran's offshore fields in the Persian Gulf and restore production capacity to before the sanctions.

Min. Says Methods of Selling Oil, not to be Disclosed

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the methods through which his ministry sold crude oil and gas condensate could not be disclosed, adding the ministry has fulfilled its budget obligations by 110% during the previous Iranian calendar year which ended on March 20.

Iran Gas Consumption at 238 bcm in 1400

TEHRAN (Shana) -- The National Iranian Gas Company (NIGC) announced a 5 billion cubic meters increase in natural gas consumption of the country in the calendar year of 1400 which ended on March 20 compared to the preceding year.

Owji Receives Advisor to Armenian Prime Minister

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji met with the Advisor to the Prime Minister of Armenia on Monday to discuss cooperation in the field of energy.

Iran Fully Receives Oil Money: Min.

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: “The enemy is trying to prevent a jump in Iran's oil exports by seizing our ships. …We took oil to places that the Americans would not even think of.”

Iran Petrol Export at 2ml/d

TEHRAN (Shana) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the country was exporting an average of 2 million liters of petrol per day.

Iran Keen on Gas Export to Neighbors

TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) voiced Iran’s preparedness to export natural gas to its neighbors such as Turkey, Iraq, Pakistan, Afghanistan, Turkmenistan, etc.

Rising oil prices, Chance for Iran to retake Market Share

TEHRAN (Shana) -- The chairman of the board of the Iranian Oil, Gas and Petrochemical Union believes that the increase in energy prices could provide a great opportunity for Iran to return to world oil markets.

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.”

MOP not Kept by Vienna Talks

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the Ministry of Petroleum was not kept waiting for the result of the Vienna talks, adding an oil contract is being signed with local developers every two to three weeks.

Investment in Oil Industry, a Vital Necessity: Min.

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said investment in the petroleum industry of the country was very crucial for the country, promising that by the end of the current administration all the associated gas in east and west Karoon regions would be collected.

Iran, Tajikistan to Expand Oil, Gas Ties

TEHRAN (Shana) – The Iranian Minister of Petroleum said that the Iran-Tajikistan Energy Working Group has been formed, adding that the level of trade between the two countries would pass 500 million Euros.

40% of Oil Export Revenue, Share of NDFI

TEHRAN (Shana) -- The members of the Islamic Consultative Assembly agreed to determine a 40% share for the National Development Fund of Iran (NDFI) in the revenues reaped from the export of crude oil and gas condensate in the budget bill of the calendar year of 1401 which begins on March 21.

$70 Oil, 1.4 mbd Sales Envisaged in Budget Bill

TEHRAN (Shana) -- The spokesman of the presidium of the Islamic Consultative Assembly said: “With the positive vote of the representatives in the open session, the amount of oil exports in the next calendar year will be considered at 1.4 million barrels per day at a price of $70/b.

40% Rise in Iran Oil Sales Compared to Last Month of Ex-Admin: Min.

TEHRAN (Shana) -- The Iranian Minister of Economy and Finance said that the sale of oil and gas condensate, while no agreement has been reached yet, has increased by 40% compared to the last month of the previous administration, which shows an active approach in difficult conditions.

Iran Petroleum Products Exports to hit $48b

TEHRAN (Shana) -- The chairman of the board of directors of the Union of Exporters of Petroleum, Gas and Petrochemical Products announced the forecast of $48 billion in exports of downstream petroleum products by the next Iranian calendar year.

Oil Sales Much Better than Before: CBI

TEHRAN (Shana) – The governor of the Central Bank of Iran (CBI) said, "The government's revenue from the sale of oil and its byproducts is a good source of government funding," adding currently sale of oil and petroleum products has been much better than the past.

Iran Oil Sales Dramatically up in Last 10 Months

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says the country’s oil sales have ramped up dramatically over the course of the past 10 months.

$80-90/b Oil Price Favorable: Owji

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said that the price of oil between 80 to 90 dollars per barrel would be favorable for both consumers and producers.

Iran Oil Exports up 40%: President

TEHRAN (Shana) – Iranian President Seyyed Ebrahim Raisi said, "We are honorably pursuing lifting of the sanctions," adding that Iran's oil exports have increased to such an extent that “we are no longer worried about exports which have‍ seen a 40% growth under the 13th administration.”

Oil Money Collected: NIOC

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said: "Sales of Iranian oil and gas condensate have increased well and export oil money is collected. We plan to return oil production capacity to pre-sanctions levels by the end of the current calendar year, which began on March 21.”

Iran's Oil Exports in Good State: MP

TEHRAN (Shana) -- A member of the presidium of the Energy Committee of the Islamic Consultative Assembly said: "Iran's oil exports are in a favorable condition and we will experience better conditions by bartering oil with goods and services."

Iran Oil Sales Dramatically Higher than Last Year

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said: "The amount of oil sales has increased dramatically compared to last year."