Oil Production up by 60,000 b/d

SHANA (Tehran)—The CEO of the National Iranian Oil Company (NIOC) says that since the 14th administration took office in August, Iran's daily oil production has increased by 60,000 barrels, predicting that by the end of the Iranian year of 1403 on 20 March 2025, production to reach about 200,000 to 250,000 barrels per day.

NIOC Head Underlines the Importance of Passive Defense

SHANA (Tehran) -The CEO of the National Iranian Oil Company (NIOC), Hamid Bovard, stated that the oil industry is the driving engine of the country’s economy, underscoring its importance in passive defense.

Ministr of Petroleum:

Standardization Crucial to Balanced Development

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad emphasized the importance of standardization and its role in the development and sustainability of the oil industry.

Petroleum Ministry Ranks First in Free Access to Information

SHANA (Tehran) - The Ministry of Petroleum ranks first in responsiveness and free access to information among executive bodies.

Reuters Survey finds:

OPEC Oil Output the Lowest, Iran's the Highest

SHANA (Tehran) - Reuters announced Iran as the only member of Opec which its oil production rose in September 2024.

Public Relations Director Appointed

SHANA (Tehran) – Iranian Minister of Petroleum Mohsen Paknejad has appointed Majid Boujarzadeh as the director of the Public Relations Department of the Petroleum Ministry.

Human Resources, the Main Asset of Oil Industry

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad says that what keeps the oil industry stable is not oil and gas reserves, but its expert human resources.

Iran Holds World’s 3rd Largest Oil Reserves

SHANA (Tehran) – Iran ranked as the world’s third-largest holder of proven oil reserves after Venezuela and Saudi Arabia.

Raising Oil Production NIOC’s Top Priority

SHANA (Tehran) - The National Iranian Oil Company’s (NIOC) managing director Mohsen Khojastehmehr says that an increase of 400 thousand barrels of oil production per day is the most important mission the petroleum minister has assigned to the NIOC.

Oil Production Increasing by 0.4 mbd, Paknejad

SHANA (Tehran) - Proposed petroleum minister Mohsen Paknejad has said that Iran’s oil production is planned to increase by 400 thousand barrels a day up to the end of the next Iranian calendar year on 19 March 2026.

Paknejad, a Consensus-Building Manager

SHANA (Tehran) - Former CEO of the Iranian Central Oil Fields Company (ICOFC), Ramin Hatami, has said that considering the present situation of the oil industry, the era of trial and error is over, and an oil industry expert from within the industry at the helm of the Petroleum Ministry is a requirement.

Paknejad, a Very Well-Informed Oilman

SHANA (Tehran) - The nominee for the Petroleum Ministry Mohsen Paknejad is a qualified person in the Iranian oil industry so the members of parliament should know that he has grown in the oil industry, and is a motivated person with enough knowledge of the oil industry.

Paknejad the Right Nominee for Petroleum Ministry Post

SHANA (Tehran) - Full knowledge of the oil industry structure and being young are the two advantages of Mohsen Paknejad as the person nominated for leading the Petroleum Ministry.

Paknejad Proposed as Petroleum Minister Nominee

SHANA (Tehran) - Iranian President Masoud Pezeshkian submitted the list of his proposed ministers to the parliament for approval where Mohsen Paknejad has been nominated as the Minister of Petroleum.

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.

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.

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.

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.

Questioning Oil Selling Achievements Unfair

SHANA (Tehran) - While the enemy has announced clearly that it has failed to prevent Iran from selling its crude oil, some call it into doubt at home.

Oil Exports Revenues Rose Considerably, Owji

SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji says that Iran’s foreign exchange revenue from exporting crude, gas condensate, oil products, and petrochemicals rose 3.5 times during the 13th administration in office since August 2021.

Oil Sector Continues Growth in 1Q

SHANA (Tehran) - Oil sector growth was announced as positive over the first three months of the current Iranian calendar year of 1403, which began on March 21.

Oil Production Rose by 60 Percent, Owji

SHANA (Tehran) - Iranian Minister of Petroleum, Javad Owji, says that the country’s oil production has risen by 60 percent over the three past years of Ibrahim Raisi’s administration in office.

Oil Sector Records Incredible Rate of Growth

SHANA (Tehran) - Iran’s oil sector growth stood at 20.3 percent last year, consequently played a significant role in gross domestic production (GDP) growth, helping the overall economy to become larger.

Riasi Energy Achievements Remarkable, MP

During the period Ibrahim Raisi served as president, the energy sector witnessed a major breakthrough amid boosting oil production and exports.

Supporting First-Time Production Securing Economic Growth

SHANA (Tehran) - Realization of sustainable economic growth depends on supporting first-time production activities in the oil and gas industry.

Oil Sector the Driving Force of Economic Growth, PBO

SHANA (Tehran) - All sectors of the economy have experienced a desirable rate of growth, but the oil sector plays the specific role of driving force with a higher rate of growth than other sectors.

23 Mega Projects Ready to Come Online, Owji

SHANA (Tehran) - Iranian Minister of Petroleum, Javad Owji, says that 23 mega oil and gas projects, worth 4.6 billion dollars, are ready to come online.

IIES Establishing Strategic Studies Centers

SHANA (Tehran) - The Institute for International Energy Studies’ (IIES) deputy for research says the institute plans to create a number of strategic studies centers in the institute to help the four main subsidiaries of the Petroleum Ministry to face the challenges they face by providing their needs to research and related studies.

3.6 mb/d of Oil Production, the Great Achievement of 13th Administration

SHANA (Tehran) - Iran’s interim president, Mohammad Mokhber, says that boosting oil production to 3.6 million barrels per day was one of the most important achievements of the 13th administration under the leadership of Ibrahim Raisi.

Oil Revenues Rise By $15b Annually

SHANA (Tehran) - During the 13th administration under the leadership of Ayatollah Raisi, Iran’s oil revenues rose about 15 billion dollars annually when compare with last years of the previous administration in office.