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Iran Energy Consumption Twice the World Standards
SHANA (Tehran) - Managing director of the Iran Fuel Conservation Company (IFCO), Hosain Abniki, says energy consumption in Iran is more than double the world standards.
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Iran Registers 30% Rise in Annual LPG Exports
SHANA (Tehran) - Iran’s export of liquefied petroleum gas (LPG) increased by about 30 percent during last Iranian year of 1402 (ended March 19), compared to the corresponding figure of its preceding year of 1401, announced the caretaker of the International Affairs Department of the National Iranian Gas Company (NIGC).
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Iranian Firms Invited to Cooperate in Oil, Gas Projects of Iraq
SHANA (Tehran) - A specialized meeting of the CEO of the National Iranian Oil Company (NIOC) with a number of senior managers of Iraqi oil companies was held on Thursday in Tehran.
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Owji Receives Views of Iranian Companies During Visit to Oil Show
SHANA (Tehran) - Iran Petroleum Minister Javad Owji paid a visit to the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2024), on Wednesday to receive the views of Iranian companies along with visiting their achievements.
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Oil Industry Official: Int’l Affairs Department Actively Takes Part in Iran Oil Show 2024
SHANA (Tehran) -- The Department of International Affairs and Trading of Iran’s Ministry of Petroleum has actively participated in the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, said a ministry official on Wednesday.
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Iran Oil Show 2024 Paves Ground for Exchange of Opinions: Manager
SHANA (Tehran) -- The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, Iran Oil Show 2024, which was inaugurated on Wednesday paves the ground for the exchange of opinions for industrialists and beneficiary sides.
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Pakistan willing IP become operational very early, Owji
SHANA (Tehran) – Iranian Minister of Petroleum, Javad Owji, says Islamabad is willing that Iran’s gas export pipeline to Pakistan (IP) become operational as soon as possible.
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Iran And Pakistan Trade to Reach 10 B Dollars Annually
SHANA (Tehran) – Iran and Pakistan have decided to boost the level of their bilateral commercial exchange to as much as 10 billion dollars annually, Iranian President said.
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IP Revival High On the Agenda; Iranian President Visits Pakistan
SHANA (Tehran) – Iranian Minister of Petroleum, Javad Owji, embarked on his journey to Pakistan, accompanying the Islamic Republic of Iran’s president, Ebrahim Raisie, who left Tehran for a two-day visit to Pakistan today, 22 April.
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Petroleum Ministry And AEOI Sign MOU
SHANA (Tehran) – Petroleum Ministry and Atomic Energy Organization of Iran (AEOI) signed a memorandum of understanding (MOU) today, 22 April 22, to boost cooperation in a range of different issues including technology.
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Rising Oil Exports A Clear Sign Of Success, MP
SHANA (Tehran) – The 13th administration's performance in view of economic diplomacy has been successful, a member of Parliament said.
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NIOC Improving Fars Province Infrastructures
SHANA (Tehran) – The manager of NIOC’s Directorate Of Supervision On Southern Oil-Rich Regions Construction Projects, Babak Darabi, says as much as 40 thousand billion rials, Iranian currency, have been allocated to implementation of construction projects in Fars province.
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FT: Iran oil exports hit six-year high
Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost.
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Iran’s petrochemical production capacity to top 100m tons by mid-March 2025: NPC CEO
SHANA (Tehran) – Iran’s petrochemical production capacity will exceed 100 million tons by the end of the current Iranian year (March 20, 2025), said the National Petrochemical Company (NPC) managing director.
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Oil minister: Semifinished projects worth over $28b completed in a year
SHANA (Tehran) – Iran’s oil minister said on Wednesday semifinished projects worth more than $28 billion were completed in the Iranian calendar year of 1402 (March 21, 2023-March 19, 2024).
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Sanctions aimed at limiting Iran’s oil output, exports thwarted by Oil Ministry: PBO head
SHANA (Tehran) – Iran’s Plan and Budget Organization (PBO) chief said on Tuesday the Oil Ministry has managed to thwart the sanctions aimed at limiting the country’s oil production and sales in the international market.
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Oil slips as concern eases about Middle East supply risk
Oil slipped for a second day on Tuesday as easing concern about supply risks and a rapidly escalating conflict after Iran's weekend attack on Israel offset data showing China's economy grew faster than expected in the first quarter.
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Kazakhstan to compensate for exceeding OPEC+ quota in March
Kazakhstan will compensate for exceeding its oil production quota under the OPEC+ agreement in March, the country’s Energy Ministry said in a statement on Sunday.
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Iran viewed as reliable economic partner by gas importing countries
SHANA (Tehran) – Iran has been introduced as a reliable economic partner after long years of signing contracts with and exporting gas to neighboring states.
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Iran-Iraq gas contract extension outcome of promoted energy diplomacy, says MP
SHANA (Tehran) – The extension of a contract to export Iran’s gas to Iraq is the outcome of promoting energy diplomacy, particularly with neighboring states, said a member of the Parliament’s Energy Committee on Saturday.
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NPC chief says 12 petrochemical projects will come on stream by mid-March 2025
SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director said on Saturday 12 projects will become operational by the end of the Iranian calendar year of 1403 (March 20, 2025).
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China's March crude imports slip 6% but rise slightly in Q1
China's crude oil imports in March fell from high levels a year earlier but remained strong amid a surge in Russian shipments, official data showed on Friday.
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IEA trims oil demand forecast on weakness in wealthier countries
The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in factory activity.
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Biggest increase in March oil output comes from Iran: OPEC report
SHANA (Tehran) – Iran’s oil production in March 2024 stood at 3.188 million barrels per day (bpd), showing a 28,000-barrel increase from its February output, the biggest hike among the members of the Organization of Petroleum Exporting Countries, the Monthly Oil Market Report (MOMR) of OPEC showed.
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Owji: Oil Ministry to provide projects with forex funds in collaboration with CBI
SHANA (Tehran) – The provision of foreign exchange funds for the Oil Ministry’s projects in collaboration with the Central of Bank of Iran (CBI) will be put on the agenda, said Oil Minister Javad Owji on Wednesday.
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Iran Oil Show 2024 poster, motto unveiled
SHANA (Tehran) – The poster of the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition having the moto “Oil Industry; Surge in Production, Technological Optimization” was unveiled on Wednesday.
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Owji says forex earnings will increase in year of ‘Surge in Production Through People’s Participation’
SHANA (Tehran) – Iran’s Oil Minister Javad Owji, in an X post, wrote on Tuesday his country’s foreign exchange revenues will hopefully increase in 1403 (starting March 20, 2024), the solar year designated by the Leader as the year of “Surge in Production Through People’s Participation”.
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Oil prices steady after drop as Middle East ceasefire hopes wane
Oil prices stabilised on Tuesday as prices ticked higher amid fading hopes that negotiations between Israel and Hamas would produce a ceasefire in Gaza.
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Islamabad starts work to complete 80km section of Pakistan-Iran gas pipeline
With Iranian President Ebrahim Raeisi's expected visit to Pakistan on April 22, authorities have commenced the work to begin the construction of the 80-kilometre section of the Pakistan-Iran gas pipeline from Gwadar to a point where it can be connected with the Iranian section of the project, The News reported on Sunday.
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SP phases inauguration, consumption management have prevented gas supply cuts: Official
SHANA (Tehran) – Iran’s government spokesman said on Tuesday no gas supply cuts thanks to inauguration of new phases of the South Pars (SP) field and consumption management have been reported since the 13th administration took office in August 2021.