Oil production hits seven-year 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.

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.