-
Iran’s annual petrochemical exports to hit 29m tons, NPC chief estimates
SHANA (Tehran) – Iran’s deputy oil minister estimated the country’s petrochemical exports will reach 29 million tons by the end of the current Iranian calendar year (March 19, 2024).
-
Oil prices settle slightly down after U.S. boosts crude output forecast
Oil prices dipped on Tuesday, settling slightly lower after a higher-than-expected forecast for U.S. crude oil production and bearish economic data, but persistent geopolitical tensions limited declines.
-
OPEC: Iran retains position as third-largest oil producer
SHANA (Tehran) – The Monthly Oil Market Report (MOMR) of the Organization of the Petroleum Exporting Countries (OPEC) showed that Iran has regained its position as the third-largest crude oil producer in February.
-
OPEC, IEA at most divided on oil demand since at least 2008
Producer group OPEC and the International Energy Agency, the world's most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years in their views on fuel use, according to Reuters research.
-
SP pressure-boosting project contracts expose sanctions failure to prevent oil industry progress: MP
SHANA (Tehran) – The contracts signed between the Iranian companies to boost pressure in the joint South Pars (SP) gas field showed that sanctions have failed to prevent Iran’s oil and gas industry from making progress, said a member of the Parliament on Tuesday.
-
MP regards contracts for South Pars pressure-boosting project as symbol of relying on Iranian expertise
SHANA (Tehran) – A member of the Parliament sees the contracts signed with the Iranian companies on Sunday to boost pressure in the joint South Pars gas field as a symbol of relying on domestic expertise.
-
Aramco sees China demand growing, eyes more investments
Saudi Aramco chief executive Amin Nasser said on Sunday that the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing.
-
Oil prices fall on China demand worries
Oil prices extended last week's losses on Monday on concern about slow demand in China, although lingering geopolitical risk surrounding the Middle East and Russia limited the decline.
-
Owji: International organizations admit to rise in Iran’s oil exports; SP pressure-boosting project decided by 13th administration
SHANA (Tehran) – International organizations admitted that Iran’s oil exports have increased under the 13th administration, said Oil Minister Javad Owji on Sunday.
-
South Pars gas field pressure-boosting project to generate $900b in revenue: NIOC CEO
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director said on Sunday the implementation of the pressure-boosting project in the joint South Pars (SP) gas field in the Persian Gulf will generate $900 billion in revenue.
-
Contracts for South Pars gas field pressure-boosting project signed
SHANA (Tehran) – Pars Oil and Gas Company (POGC) and several Iranian companies signed contracts on Sunday to carry out a pressure-boosting project in the joint South Pars (SP) gas field in the Persian Gulf.
-
Deputy oil minister inaugurates Iran’s first Catalyst Innovation and Technology Center
SHANA (Tehran) – Iran’s Deputy Oil Minister and Managing Director of the National Petrochemical Company (NPC) Morteza Shahmirzaei inaugurated the country’s first Catalyst Innovation and Technology Center in Tehran on Sunday.
-
IEA sees relatively well supplied oil market in 2024
The global oil market is relatively well supplied with demand growth slowing, while supply is increasing from the Americas.
-
Raeisi praises Oil Ministry for oil fields development, APG collection
SHANA (Ahvaz) – Iran’s President Seyyed Ebrahim Raeisi on Friday hailed the Oil Ministry for carrying out the projects to develop Sepehr and Jofeir oil fields and capture associated petroleum gas (APG).
-
Khuzestan oil fields output up 1m bpd under incumbent government: Owji
SHANA (Ahvaz) – Iran’s oil minister said on Friday oil production in southwestern province of Khuzestan has jumped one million barrels per day (bpd) since the 13th (incumbent) administration took office in August 2021.
-
NIOC chief says West Karoun holds 86% of Iran’s joint oil reserves
SHANA (Ahvaz) – The National Iranian Oil Company (NIOC) managing director said on Friday West Karoun is home to 86 percent of the country’s shared oil reserves.
-
Sepehr, Jofeir oil fields in SW Iran put into operation officially
SHANA (Ahvaz) – Sepehr and Jofeir oil fields became officially operational via videoconference in a ceremony attended by Iran’s President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji in southwestern province of Khuzestan on Friday.
-
Owji observes Yadavaran joint oil field development operations
SHANA (Ahvaz) – Iran’s Oil Minister Javad Owji makes an inspection of the development operations of the Yadavaran joint oil field in southwestern province of Khuzestan on Friday.
-
Owji inspects Yaran joint oil field development project progress
SHANA (Ahvaz) – Iran’s Oil Minister Javad Owji made an inspection of the progress of the second phase of the Yaran joint oil field in southwestern province of Khuzestan on Friday.
-
Raeisi arrives in Dezful to inaugurate Sepehr, Jofeir oil fields, other projects in SW Iran
SHANA (Ahvaz) – Iran’s President Seyyed Ebrahim Raeisi landed in Dezful, a city in southwestern province of Khuzestan, on Friday to officially inaugurate Sepehr and Jofeir oil fields development project and several industrial, water, and steel projects.
-
Sepehr, Jofeir oil fields in SW Iran to become officially operational soon: NIOC head
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director said on Thursday Sepehr and Jofeir fields will become officially operational soon.
-
OPEC+ managing to keep oil prices stable: Putin
The OPEC+ alliance aims at price stability in the oil market, not endless price increases, and so far it is succeeding in this, Interfax news agency quoted Russian President Vladimir Putin as saying.
-
Raeisi hails Oil Ministry for APG collection projects awarded at GECF Summit
SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi on Wednesday praised the Oil Ministry for the successful implementation of projects for capturing associated petroleum gas (APG) over the past two years.
-
Iran’s infrastructure for gas transit via North-South, East-West corridors ready: Owji
SHANA (Tehran) – Iran’s infrastructure for transiting gas from the North-South and East-West corridors is ready, said Oil Minister Javad Owji on Wednesday.
-
Iran says ready to export technical, engineering services to Uzbekistan
SHANA (Tehran) – Oil Minister Javad Owji on Tuesday voiced Iran’s readiness to export technical and engineering services to Uzbekistan.
-
Government seeking to promote cooperation with Iran’s energy partners; oil sector sets new record: Spokesman
SHANA (Tehran) – Iran’s government spokesman said on Tuesday the 13th administration is seeking to broaden cooperation with energy partners.
-
Iran-Russia energy cooperation a crushing response to sanctions: MP
SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee said on Tuesday cooperation between Tehran and Moscow in the energy sector is a crushing response to sanctions.
-
Iran says unliteral claim to Arash gas field will create no rights for claimant
SHANA (Tehran) – Iran’s Foreign Ministry spokesman said on Monday unilateral claim to the joint Arash gas field in the Persian Gulf will not create any rights for the claimant.
-
Iran’s oil sector nine-month growth surges 292%
SHANA (Tehran) – Iran’s oil sector achieved strong growth in the first nine months of the current Iranian calendar year (starting March 21, 2023), registering a 292 percent rise year-on-year.
-
Oil edges up after OPEC+ extends output cuts through second quarter
Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday.