oil
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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.
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Paknejad:
Oil production growth, export records achieved despite sanctions
SHANA (Tehran) – Iran’s oil minister announced a daily production increase of more than 120,000 barrels and said crude exports have reached record levels in recent months despite sanctions. He added that the possible reactivation of the “snapback” mechanism poses no new concern for oil sales.
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Oil Minister announces discovery of major gas, oil reserves
SHANA (Tehran) — Iran’s oil minister announced the discovery of significant new gas and oil reserves in the Pazan field, located in the southern part of Fars Province, saying the find could help offset the country’s future energy imbalance.
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NISOC stresses ongoing reservoir assessments to sustain output
SHANA (Tehran) – The managing director of the National Iranian South Oilfields Company (NISOC) emphasized the importance of ongoing evaluations of recoverable oil and gas reserves to enable more precise planning and help achieve the goals of Iran’s Seventh Development Plan.
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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.
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Development activities continue at Changuleh Oil Field
SHANA (Tehran) – The head of the Changuleh Oil Field Development Project announced the completion of repair and completion operations at well CG-W01 and said the drilling rig has been moved to another well to accelerate development at the shared field.
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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.
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Scientific approach key to solving oil industry challenges, official says
SHANA (Tehran) – The production oversight director of the National Iranian Oil Company stressed the need to clearly identify challenges in developing the oil industry, saying that with a scientific approach, those challenges can be recognized and resolved.
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Oil Engineering Olympiad seen as key to attracting talent
SHANA (Tehran) – The deputy oil minister for engineering, research and technology said holding the Oil Engineering Scientific and Research Olympiad is an important step toward fulfilling the Leader’s call to engage top talent in developing new technologies for the oil industry.
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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.
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NIOC transfers 130 exploratory wells to operators
SHANA (Tehran) – The National Iranian Oil Company has delivered more than 130 exploratory wells to operating companies, with about 70% of them ready to enter oil and gas production after repair and completion work, a senior official said.
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Mobile desalting unit lifts production limits at Cheshmeh-Khosh field
SHANA (Tehran) — The launch of a mobile desalting unit at the Cheshmeh-Khosh oil field has removed production restrictions and marked a major step in cooperation with the National Iranian Oil Company, according to the head of ZN Vostok.
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NIOC focuses on boosting output, capturing associated gas
SHANA (Tehran) — The National Iranian Oil Company is centering its plans on boosting production and capturing associated gas despite external pressures and sanctions, the company’s chief said Wednesday.
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Oil minister:
Snapback mechanism won’t create new restrictions on oil sales
SHANA (Tehran) – Iran’s oil minister said Wednesday that the snapback mechanism would not create new obstacles to crude oil sales, stressing that the government has plans in place should challenges arise.
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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.
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NIOC says oil sales continue through diverse methods
SHANA (Tehran) – Iran continues to sell and export oil through a range of methods in line with national policies, the managing director of the National Iranian Oil Company said, rejecting speculation about changes in the country’s sales strategy.
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Madar gas field development to begin soon
SHANA (Tehran) – The development of Iran’s Madar gas field will soon enter its execution phase, a project the head of the National Iranian Oil Company (NIOC) stated would help address the country's gas shortfall. Similar contracts are expected to be signed this year.
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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.
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OPEC at 65: building on a proud past for a successful future
SHANA (Tehran) - Sixty-five years ago, visionary leaders from five developing nations, namely Abdullah al-Tariki of Saudi Arabia, Juan Pablo Perez Alfonzo of Venezuela, Fuad Rouhani of Iran, Tala’at al-Shaibani of Iraq, and Ahmed Sayed Omar of Kuwait, founded OPEC at the historic Baghdad Conference from 10 to 14 September 1960.
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Nowruz Oil Field production increases with offshore cable operation
SHANA (Tehran) – Oil production from the Nowruz field has increased by 1,500 barrels per day following the completion of a complex offshore power cable operation, according to an Iranian offshore oil company official.
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Eight OPEC+ states announce additional voluntary adjustments
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 September 7, 2025, to review global market conditions and outlook, according to opec.org.
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Leader: Greater activity required for oil exports
SHANA (Tehran) – Ayatollah Seyyed Ali Khamenei, the Leader of the Islamic Revolution, met with President Masoud Pezeshkian and members of the cabinet on September 7, 2025, at Imam Khomeini Hussainiyah of Tehran, according to khamanei.ir.
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Iran boosts monthly oil exports by 630,000 barrels
SHANA (Tehran) — Iran’s oil exports have risen by an average of 630,000 barrels per month in the first four months of the current Iranian year compared with the same period in 1403, Oil Minister Mohsen Paknejad said Wednesday.
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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.
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Speaker: US unable to halt Iran oil sales
SHANA (Tehran) — The United States has been unable to stop Iran’s oil sales, Iran’s Parliament speaker said Tuesday.
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Iran targets €3.7b in upstream oil projects by year-end
SHANA (Tehran) – Iran’s oil industry aims to bring more than €3.7 billion worth of strategic projects online by the end of this year, focusing on boosting oil and gas production and processing capacity to ensure the country’s energy stability.
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Iran sets oil export records despite sanctions, war
SHANA (Tehran) – Iran’s crude oil and condensate exports reached historic highs over the past 12 months despite the imposition of 14 new US sanction packages totaling 465 measures, including the largest oil sanctions since 2018.
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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.
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Iran targets daily gas output of 1.35 bcm
SHANA (Tehran) — The National Iranian Oil Company aims to boost daily gas production to 1.35 billion cubic meters by the end of the country’s Seventh Development Plan (2024-28), the company’s chief said Saturday.
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Despite attacks, Iran's oil sector reports increased fuel reserves
SHANA (Tehran) – Following the Israeli regime’s military aggression on Iranian soil, the Ministry of Oil, through comprehensive crisis management, not only prevented disruptions in the country’s energy supply but also increased strategic fuel reserves – despite unprecedented consumption growth and targeted attacks on facilities.