Oil Production
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Petroleum Ministry Outlook for Defeating Oil Challenges
SHANA (Tehran) -The 14th administration plans to turn the tide for Iran's oil industry and the Minister of Petroleum Mohsen Paknejad is determined to raise Iran's oil production by 400, 000 barrels per day during his first year in office up to March 2025. The following report delves into his plan.
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NISOC’s CEO Appointed
SHANA (Tehran) - The National Iranian Oil Company’s CEO Hamid Bovard appointed Ibrahim Piramoun as the CEO of the National Iranian South Oil Company (NISOC) and the principal member of its board of directors.
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Iran Boosting Oil Production By 400 thousand b/d
SHANA (Tehran) - The Council of Economy has ratified a plan, in principle, to increase Iran’s oil production by 400 thousand barrels per day.
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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.
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IOOC Suspends Production from Salman Oil Field Temporarily
SHANA (Tehran) - The Iranian Offshore Oil Company (IOOC) has halted oil production from the Salman oil field for a short time to carry out necessary repairs.
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Iran’s Oil Production Up By 50 thousand b/d; IEA
SHANA (Tehran) - Iran’s oil production rose by 50 thousand barrels a day reaching 3.3 million barrels per day in April, the International Energy Agency (IEA) announced in its latest monthly report.
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Owji Announces 60% Rise in Crude Production in 2.5 Years
SHANA (Tehran) -- Iranian Minister of Petroleum Javad Owji said on Wednesday the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2024) is a good opportunity to showcase the great achievements of his ministry in recent 2.5 years in the 13th government which took office in August 2021.
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Iran starts production from Sohrab oil field shared with Iraq
SHANA (Ahvaz) – Production from Sohrab oil field shared with Iraq officially started by the order of Iran’s Oil Minister Javad Owji issued via videoconference on Tuesday.
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Iran oil output up 50% despite sanctions, to hit 3.6m bpd by next March: Owji
SHANA (Tehran) – Iran’s oil production has increased 50 percent since the 13th administration took office two years ago, said Oil Minister Javad Owji on Friday.
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Owji: Iran’s oil production hits 3.4m bpd
SHANA (Tehran) – Oil Minister Javad Owji on Wednesday announced that Iran’s oil production has reached 3.4 million barrels per day (bpd).
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Iran regains pre-sanctions OPEC rank with over 1m bpd output hike: NIOC chief
SHANA (Tehran) – Iran has regained its pre-sanctions position in the OPEC crude oil production table with an increase of more than 1 million barrels per day (bpd) achieved under the 13th administration, said the National Iranian Oil Company (NIOC) managing director on Wednesday.
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Owji: Iran’s crude oil output rises to 3.3 million barrels a day
SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Wednesday said the country’s real crude oil production has reached 3.3 million barrels per day (bpd).
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Oil minister at 14th IPF:
Iran’s oil output rises in 20 months, tops 3 mbd
SHANA (Tehran) – Iran’s oil minister said the country’s oil production has risen to over 3 million barrels per day (mbd) in the past 20 months ago.
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Iran oil production in Persian Gulf to increase as drilling rig installed
SHANA (Tehran) – A drilling rig was erected off Lavan Island, the Persian Gulf, another step toward boosting oil output, said an Iranian Offshore Oil Company (IOOC) official Monday.
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CBI: Oil and gas sector posts highest industrial growth in autumn
SHANA (Tehran) – The latest report of the Central Bank of Iran (CBI) showed that the country’s oil and sector witnessed the highest economic growth in autumn and the first nine months of the current Iranian calendar year 1401, which started on March 21, 2022.
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29th OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 29th OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, June 2, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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OPEC+ Agrees to Raise Output by 648,000 bpd for July
TEHRAN (Shana) – The Organization of the Petroleum Exporting Countries and its allies, OPEC+ coalition, agreed on Thursday to increase crude oil output by 648,000 barrels per day in July.
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6% Rise in Iran Refinery Output
TEHRAN (Shana) -- The director of coordination and supervision of operations of the National Iranian Oil Refining and Distribution Company (NIORDC) announced a 6% increase in the output of Iran’s refineries.
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Danan, Cheshmeh-Khosh, Susangerd Attractive to Investors
TEHRAN (Shana) -- Sanctions have failed to halt Iran’s petroleum industry activities. However, developing the industry in Iran would need foreign investment and cutting edge technology to raise output. Over recent years, in the absence of foreign companies, local contractors have moved to develop oil and gas fields.
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NISOC Proceeds with Green Development
TEHRAN (Shana) -- CEO of National Iranian South Oil Company (NISOC) Ahmad Mohammadi has said sustainable and continuous production, supply of refinery feedstock and providing oil for exports were among the major achievements of the company. In an interview with "Iran Petroleum", he also said that NISOC was ready to lift output from its oil fields as soon as sanctions are lifted. NISOC supplies 80% of Iran’s oil production.
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Downhole Pumps Boosting North Yaran Oil Output
TEHRAN (Shana) -- The head of North Yaran Oil Field Development Project said announced installation of the fifth downhole pump in the field, and said considering that five more such pumps will be installed in the field by the end of the current calendar year (March 20, 2020), the upward trend of oil production in North Yaran will continue.
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Bangestan Reservoir of Nargesi Field Productive: NISOC
TEHRAN (Shana) -- Well No. 13 of Nargesi oilfield has become productive and thus, extraction of oil from the Bangestan reservoir of this field became possible for the first time in Iran, announced the National Iranian South Oil Company (NISOC).
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Countdown Begins for Commissioning 23 Wells in South Azadegan
TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) has about to complete sinking 23 development wells at South Azadegan Oilfield, an NIDC official said.
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Iran Crude Oil Production Capacity at 3.7 mbd
TEHRAN (Shana) – An Iranian oil official says the country has the capacity to produce 3.7 million barrels per day of crude oil.
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NISOC Ready to Maximize Oil Output
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the company was prepared to bring its oil production to maximum in the shortest time possible.
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Iran Mulls Gas Production Enhancement in Khangiran
TEHRAN (Shana) – The CEO of the East Oil and Gas Production Company said that plans were under way to add 2.5 million cubic meters to gas production capacity in Khangiran district, northeastern Iran.