Saudi Arabia, Iran lead OPEC oil production in April

SHANA (Tehran) – Saudi Arabia and Iran remained the top oil producers in the Organization of the Petroleum Exporting Countries in April 2026, according to OPEC’s latest monthly report.

Paknejad says oil production did not fall during the war

SHANA (Tehran) – The oil minister said the enemy has illusions in the media environment it controls, including claims about blowing up oil wells that experts find laughable.

Aghajari to become new gas hub in south oil region

SHANA (Tehran) – The managing director of the National Iranian South Oil Company said the Aghajari Oil and Gas Production Company will become a gas hub in the south oil region in the near future. He said the company met all its oil and gas production commitments last year despite two wars and the size and dispersion of its facilities.

OPEC monthly oil output falls by nearly 8m barrels

SHANA (Tehran) – Daily crude oil production by member countries of the Organization of the Petroleum Exporting Countries (OPEC) dropped by 7.878 million barrels to 20.788 million barrels per day, according to the group’s latest report.

OPEC+ states adjust production, reaffirm commitment to market stability

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 April 5, 2026, to review global market conditions and outlook.

Operational commitment of oil experts ensures production stability

SHANA (Tehran) - The CEO of the National Iranian South Oilfields Company said the expertise, technical knowledge and operational commitment of oil industry employees in confronting technical challenges ensure stability and continuity in ongoing production processes.

OPEC crude production falls by 135,000 barrels per day in January

SHANA (Tehran) – OPEC’s latest monthly report shows that crude oil production by the organization’s members declined by 135,000 barrels per day in January.

OPEC reports rise in Iran’s oil output in September

SHANA (Tehran) – The Organization of the Petroleum Exporting Countries (OPEC) reported that the group’s total oil production rose by 524,000 barrels per day (bpd) in September, reaching 28.44 million bpd. Iran’s output increased by 44,000 bpd to 3.25 million bpd during the same month, according to OPEC’s latest monthly report released in October.

AOGPC oil production at full swing

SHANA (Tehran) – The CEO of the National Iranian South Oilfields Company announced that the Aghajari Oil & Gas Production Company (AOGPC) has reached its maximum oil production capacity despite various challenges.

Eight OPEC+ nations trim oil production as markets remain steady

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 October 5, 2025, to review global market conditions and outlook, according to opec.org.

NIOC head highlights offshore oil output in Persian Gulf

SHANA (Tehran) – The managing director of the National Iranian Oil Company said achieving production targets in the Persian Gulf’s offshore fields, despite sanctions and aging equipment, is a significant accomplishment.

Oil production hits record high with development projects

SHANA (Tehran) – Iran has broken its oil production record for the first time in seven years following new development measures in its oil fields, the oil minister said.

Iran boosts oil production by 14,000 barrels a day

SHANA (Tehran) — Iran has increased output at the Cheshmeh-Khosh oil field by 14,000 barrels a day after launching a mobile desalting unit, raising total daily production to 114,000 barrels, the head of the Petroleum Engineering and Development Company (PEDEC) said Wednesday.

OPEC’s daily oil output up by 478,000 barrels in August

SHANA (Tehran) – According to the Organization of the Petroleum Exporting Countries' latest monthly report, OPEC’s daily oil production increased by 478,000 barrels in August to reach 27.5 million barrels per day.

Sustaining oil production through infrastructure strengthening, private sector involvement

SHANA (Tehran) – The technical manager of the National Iranian South Oil Company (NISOC), while outlining the oil industry's development plans, announced that the main strategies for achieving sustainable production goals are focusing on undeveloped fields, well workovers, energy consumption management, and the implementation of desalination projects.

Marun Oil and Gas Company reports full achievement of production program

SHANA (Tehran) – Marun Oil and Gas Production Co. has fully achieved its crude oil production program, significantly reduced gas flaring, localized key strategic equipment and carried out major infrastructure and social projects in neighboring areas, the company’s managing director said.

Paknejad:

Iran’s crude production capacity up by 127,000 bpd

SHANA (Tehran) - Iran’s crude oil production capacity has increased by 127,000 barrels per day over the past year, according to the country’s oil minister.

2.455bn Oil Barrels Awaiting Investment

SHANA (Tehran) - Mehr, Zagheh, Shour, and Genaveh oil fields are untapped offshore reservoirs that were recently introduced as opportunities for investment in Iran’s upstream oil and gas sector. The four oil fields collectively hold 2.455 billion barrels of oil in place, with an estimated investment of $265 million required for their development. Mehr and Zagheh lie in Khuzestan Province, and the other two are in Bushehr. What has made the fields attractive to investors is their geographical position.

West Karun Oil Fields: Balancing rising production with sustainable development

SHANA (Tehran) – The CEO of Petroleum Engineering and Development Company (PEDEC) outlined the company’s strategic plans for developing the West Karun joint oil fields, highlighting key achievements over recent months. These include completing processing infrastructure, adopting advanced drilling technologies, capturing associated gas, and adhering to environmental regulations.

Iran sets new record for oil production

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced the country has set a new record for oil production.

KOGPC sets daily record of 1m barrels

SHANA (Tehran) — The managing director of Karoun Oil and Gas Production Co. announced a historic milestone in March 2025, with daily crude oil output reaching 1 million barrels for the first time.

OPEC+ crude oil production rises by 335,000 barrels

SHANA (Tehran) – The combined crude oil production of OPEC and OPEC+ member countries reached 41.94 million barrels per day (bpd) last month, up 335,000 bpd from June’s output of 41.605 million bpd.

KOGPC stabilizes daily output at 55,000 barrels

SHANA (Tehran) – Karoon Oil & Gas Production Co. (KOGPC) has stabilized daily crude oil production at 55,000 barrels through technical and operational upgrades at its upstream and downstream facilities, marking a significant step toward boosting production capacity.

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.