Iran Eyeing $115bn in Profits by Developing Azadegan Oilfield: Min.

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says development of Azadegan Oilfield would generate $115 billion in revenue and 24,000 jobs.

Oil, Petchem Sectors Key to Attracting Investment, Production Boom

TEHRAN (Shana) – Iranian President Ebrahim Raisi said directing liquidity towards production growth, benefiting from technical power and attracting domestic investment are very effective in the economic growth and progress of the country.

Integrated Development MoU of Azadegan Joint Oilfield to be signed with Iran Banks

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the memorandum of understanding (MoU) for the integrated development of the Azadegan join oilfield would be signed in the presence of senior officials of the country by the NIOC, Iranian banks and exploration and production companies.

Iran to Invest $7bn in Azadegan Oilfield Development

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said an investment of 7 billion dollars was planned in the development of Azadegan Oilfield, most of which to be provided by Iranian banks, development companies and the National Development Fund of Iran (NDFI).

OPEC+ Agree to Boost Output by 648k b/d in August

TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies (aka OPEC+) agreed at their 30th meeting to increase the coalition’s supply by 648,000 barrels per day in August.

Oil Minister Warns of Global Energy Insecurity with Continued Sanctions on Iran

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said on his Twitter account that one of the main reasons for the endangerment of world energy is the oppressive sanctions against Iran, as the owner of the world’s largest oil and gas reserves.

HDPE Output of Ilam Petchem Plant Rises

TEHRAN (Shana) -- The CEO of Ilam Petrochemical Company said with the efforts of the young specialists of the company, the capacity of the high density polyethylene (HDPE) unit has reached 44 tons per hour.

Ground Ready for Iran-Iraq cooperation in Developing Joint Oil Fields: Veep

TEHRAN (Shana) -- The Iranian First Vice President said the ground for cooperation between the two governments of Iran and Iraq in the fields of academia, transportation, production from joint oil fields, energy, technical-engineering services, medicine and health have been paved under the Raisi administration.

Tehran, Dushanbe Seeking Enhanced Energy Ties

TEHRAN (Shana) -- Continuing the path of reviving Iran's energy diplomacy, the Deputy Petroleum Minister for International Affairs and Trade met with a delegation from Tajikistan headed by the Deputy Minister of Industry and New Technologies to emphasize the development of economic cooperation between the two countries.

Lordegan Petchem Output Sees Whopping 518% Growth in Q1

TEHRAN (Shana) – The CEO of Lordegan Urea Chemical Fertilizer Company announced breaking a new record in the plant’s output in the first quarter of the current calendar year of 1401, which began on March 21, hitting 518% growth year-on-year.

Ayatollah Raisi in the virtual summit of BRICS+ leaders:

We consider the transformation of global justice into an all-encompassing global discourse an undeniable necessity

TEHRAN (Shana) – “Iran, as a country with a rich history of active participation in international initiatives, is ready to share all its capabilities to achieve the BRICS goals and become a reliable partner to connect BRICS to the main routes of energy and major global markets," said the President.

Iran, Iraq forming Joint Technical Groups to Develop Energy Ties

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said Iran and Iraq were to form a joint working group to cooperate in joint fields, transfer technology and equipment from Iran based on the ability of private companies and send technical and specialized groups from the two countries to identify cooperation capacities.

Iran Ready to Export Technical, Engineering Services to Iraq

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company announced Iran's readiness to export technical and engineering services to Iraq, saying: "Iran wants to benefit from Iraq's participation in the development of the oil and gas industry."

Preparing Roadmap for Iran-Iraq Future, Necessary

TEHRAN (Shana) -- The Iraqi Deputy Minister of Oil for Exploration underlined the desire of the Iraqi Minister of Oil to develop relations and take broader steps through the formation of a joint working group with Iran, stressing that a roadmap should be prepared for the future steps and goals of the two countries.

Iran, Iraq to Bolster Energy Ties

TEHRAN (Shana) – The adviser to the Iranian Minister of Petroleum on Iraq stressed the need to strengthen cooperation between Iran and Iraq in the field of energy.

40% Growth in Receipt of Oil Revenues: Min.

TEHRAN (Shana) – The Iranian Minister of Petroleum said the country’s receipt of oil revenue has increased by 40% in the first quarter of the current calendar year, which began on March 21 compared to the same period last year.

60% Rise in Performance Efficiency of Dena Petrochemical Plant

TEHRAN (Shana) -- The progress of Dena Petrochemical project is over 75%, which shows a 60% increase in the company's total productivity in 10 months compared to the same period last year.

Stunning Oil Revenue Rise under Raisi

TEHRAN (Shana) – Iran’s crude oil exports and revenues under President Raisi administration have increased dramatically given its active energy diplomacy.

Iran, Kazakhstan Sign Energy Cooperation MoU

TEHRAN (Shana) – A Memorandum of Understanding on oil and gas cooperation was signed by the CEO of the National Iranian Oil Company in the presence of the Presidents of Iran and Kazakhstan.

Iran receives Gas Dues from Iraq

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced in his latest Twitter post the receipt of gas export arrears from Iraq that amounted to $1.6 billion.

Long-Standing Dream of Offshore Refinery Coming True: MP

TEHRAN (Shana) -- "Energy diplomacy is one of the most important priorities of the administration and parliament," said the head of the parliament's energy committee, noting that Iran’s energy diplomacy is moving forward and so far favorable agreements and contracts have been signed in this regard.

Petropars, a Full-Fledged Oil Company: Venezuelan Official

TEHRAN (Shana) -- The CEO of the Venezuelan National Oil Company (Pedosa) described Iran’s Petropars as a full-fledged and capable company in the field of oil and gas development, and said: "This company can run various projects in the Venezuelan oil industry."

Turkmenistan Seeking more Gas Swap to Azerbaijan, Neighboring Countries

TEHRAN (Shana) – The Iranian Minister of Petroleum said: "In a meeting with the Deputy Chairman of the Cabinet for Oil and Gas Affairs of Turkmenistan, the other side asked us to increase gas swaps to Azerbaijan and other neighboring countries, to which we announced our readiness."

Iran-Venezuela, Oil Coalition against US Sanctions

TEHRAN (Shana) – The head of the Institute for International Energy Studies (IIES) said: "Venezuela knows that easing US sanctions on its oil industry is temporary and commensurate with US needs, so it is looking for 20 years of cooperation with Iran.”

Iran Policy in Sale of Oil, Condensate Active Marketing: Spokesman

TEHRAN (Shana) -- The government spokesman said: "Iran's policy in the field of selling oil and gas condensate is active marketing, and today a significant amount of oil is sold and the resulting hard currency is returned to the country."

Maduro Notes Petropars Capacity in Venezuela Oil Projects

TEHRAN (Shana) -- The President of Venezuela stressed the need to use the capacity of the Iranian company, Petropars, to develop Venezuela’s oil and gas projects.