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OIPF in Charge of 19 Projects
SHANA (Tehran) - The head of the presiding board of the Oil Industry Pension Fund (OIPF) Abdolhossain Bayat has said that the fund is in charge of implementing 19 projects, worth 10 billion dollars.
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The President’s Senior Advisor Appointed
SHANA (Tehran) – Iranian President Masoud Pezeshkian appointed Ali Tayebnia, the minister of economy and finance in President Rouhani's administration, as his senior advisor.
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Iran Oil Output the Highest Since 2018, Reuters
SHANA (Tehran) - A Reuters survey on OPEC members' July oil output shows that Iran’s oil output has reached 3.22 million barrels per day, the highest since 2018.
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Zarif Appointed as Deputy President for Strategic Affairs
SHANA (Tehran) - President Masoud Pezeshkian appointed Mohammad Javad Zarif, the former minister of foreign affairs, as his deputy for strategic affairs and the Presidential Center for Strategic Studies chief.
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OPEC Weekly Price Continues Declining
SHANA (Tehran) –The weekly price of the OPEC basket of twelve crudes fell by 1.47 dollars during the week ending on August 1.
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Liquid Fuel Delivery to Power Plants Up By 30 Percent
SHANA (Tehran) - Liquid fuel delivery to power plants has increased by 30 percent since the beginning of the current Iranian calendar year, since March 21 when compared with similar period last year.
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Pezeshkian Takes Oath as 9th President
SHANA (Tehran) - In a public session of Parliament on Tuesday, the president-elect Masoud Pezeshkian was sworn in as the 9th president of the Islamic Republic of Iran.
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During The First 4 Months of This Year
Oil Export Revenues Stood At $15.7b
SHANA (Tehran) - Iran’s foreign trade value, including oil exports, has reached 51 billion dollars over the first four months of the current Iranian calendar year, since 21 March 2024.
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Oil Industry Works Relentlessly to Feed Power Plants
SHANA (Tehran) - The oil industry workforce works round-the-clock to provide natural gas to power plants to prevent blackouts.
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The 14th Administration Holds Its First Meeting
SHANA (Tehran) - The 14th administration held its first meeting on July 28 hours after the Leader of the Islamic Revolution approved Masoud Pezeshkian as Iran's new president.
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Aref Appointed as First Vice President
SHANA (Tehran) - Mohammadreza Aref was appointed as the first vice president of the 14th administration which took office today.
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Masoud Pezeshkian Becomes President Officially
SHANA (Tehran) - The Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, endorsed Masoud Pezeshkian as the 9th president of Iran.
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Self-Sufficiency A Priority of the 13th Administration
SHANA (Tehran) - The Deputy Minister of Petroleum for Petrochemicals called self-sufficiency in producing petrochemical products one of the priorities of the outgoing 13th administration.
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OPEC Weekly Price on Decline
SHANA (Tehran) –The weekly price of the OPEC basket of twelve crudes fell by 2.77 dollars during the week ending on July 25.
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Oil Sector Turned Achilles Heel of Sanctions into Value-Added
SHANA (Tehran) - The 13th administration successfully neutralized the sanctions imposed on the export of gas condensate and converted the Achilles’ heel of the sanctions into value-added, Minister of Petroleum Javad Owji said.
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Gas Flares Expected to Be Shut Down for Ever Next Year
SHANA (Tehran) - The burning of natural gas as a national wealth is expected to end next year.
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Natural Gas Delivery to Power Plants on the Rise
SHANA (Tehran) - Director of the dispatching department of the National Iranian Gas Company (NIGC) Saeed Aghili says that natural gas and liquid fuel delivery to power plants has risen during summer this year.
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Oil Sector Growth Stood at 14.7 Percent Last Year
SHANA (Tehran) - The head of Central Bank of Iran (CBI) Mohammadreza Farzin says that the oil sector’s growth stood at 14.7 percent during the last Iranian year of 1402, which ended on March 19, 2024.
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Supreme Leader
Neutralizing Sanctions Within Reach
SHANA (Tehran) - The Supreme Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei has said that the country can not only remove sanctions by resorting to honorable means but more than that can neutralize sanctions.
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Iran-Russia Gas Deal to Change Regional Energy Balance
SHANA (Tehran) - A member of parliament says that the Iran-Russia gas transfer contract not only turns Iran into a gas hub in the region but also changes the regional energy balance.
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Iran-Russia Gas Deal Opening a New Chapter, MP
SHANA (Tehran) - The Iran-Russia gas transfer agreement is a great step forward and will turn Iran into a regional gas hub, opening a new chapter in regional and international relations, the vice chairman of the parliament’s energy committee Ramezanali Sangdovini said.
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Owji Provides More Details on Iran-Russia Gas Pipeline
SHANA (Tehran) - Minister of Petroleum Javad Owji provided more details about the gas pipeline which is planned to be constructed to import gas from Russia.
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Iran-Russia Gas Transfer Document A Masterpiece
SHANA (Tehran) - Minister of Petroleum Javad Owji says that signing the Russian Gas Transfer to Iran Document is the masterpiece of the 13th administration's energy diplomacy attitude which can pave the way for an economic revolution and ensure the region's energy security through Iran.
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OPEC Hails Iran as a Pioneer in Oil Industry Heritage
SHANA (Tehran) - The latest issue of the OPEC Bulletin concerns the importance of the oil industry heritage and the necessity of contribution to its preservation.
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Petroleum Minister Meets President-elect
SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji met with President-elect Masoud Pezeshkian and wished him success.
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Fuel Consumption Coming Down by 10 ml/d
SHANA (Tehran) - The already prepared infrastructures will help the country to reduce fuel consumption by 10 million liters per day.
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Iran’s Crude Oil Price Rises
SHANA, Tehran, - MNA has released a report showing Iran’s crude oil price rose by 4.76 dollars per barrel during the first half of 2024.
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OPEC Weekly Price Declines
SHANA (Tehran) – The weekly price of the OPEC basket of twelve crudes fell by 1.24 dollars during the week ending on July 11.
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Oil Industry Growth Hitting 8 Percent
SHANA (Tehran) - The oil industry is predicted to grow 8 percent over the five-year development plan to March 2028 amid rising oil production to 5.5 million barrels daily.
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Rising Oil Production to 4 m/d within Reach, Owji
SHANA (Tehran) – The Iranian Minister of Petroleum says every 100 100,000 barrels of oil production per day generates 2.8 billion dollars of revenues annually, so the more the country's oil production and refining capacity increases, the more the country's economic power and foreign exchange resources increase.