Oil production, exports continuing under favorable conditions

SHANA (Tehran) – Iran’s oil minister said Wednesday the country’s crude production and exports are ongoing and stable, though he declined to provide specific figures.

Plan to boost daily crude oil production approved

SHANA (Tehran) – The National Development Fund’s investment in an emergency plan to increase crude oil production by 250,000 barrels per day was approved during a meeting of the Economic Council.

Iran leads global oil production growth with 13% increase

SHANA (Tehran) – OPEC data shows Iran ranked first in global oil production growth in 2024, increasing crude output by 374,000 barrels per day (bpd), while Saudi Arabia saw a significant decline for the second consecutive year.

OPEC+ reaffirms crude production adjustment, market stability

SHANA (Tehran) - The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 July 2025, to review global market conditions and outlook.

OPEC+ agrees to 411k bpd July output hike, eyes market balance

SHANA (Tehran) - The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 31, 2025, to review global market conditions and outlook.

Comprehensive production roadmap drafted at NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the continuation of increasing oil production through the end of the year, stating that due to measures taken, subsidiaries have had access to a comprehensive annual production roadmap since the beginning of the year.

West Karun oil fields eyed for 1 mbd production

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the need to strengthen the Arvandan Oil and Gas Company to achieve the goal of producing 1 million barrels of oil per day from the West Karun fields.

OPEC crude production hits 26.7 mbd in April

SHANA (Tehran) - Members of the Organization of the Petroleum Exporting Countries (OPEC) produced a combined 26.71 million barrels per day (bpd) of oil in April, according to the group’s latest report.  

Iran plans for production boost in shared oil fields

SHANA (Tehran) – The CEO of the Petroleum Engineering and Development Company (PEDEC) highlighted accelerating the development of shared oil fields, increasing production, achieving technological self-sufficiency and sustainable development as key priorities for the company in the Iranian year 1404.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

Iran oil production to hit 3.5m bpd by mid-March 2024: NIOC CEO

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.

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).

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.

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.

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.

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.

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.

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.