oil
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Int’l Companies Attend Iran Oil Show 2024 (1)
SHANA (Tehran) -- The photos show the foreign companies attended the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2024, kicked off in Tehran on May 8, 2024. The exhibition hosts 250 international companies from 12 countries and is open to visitors from 9:00 a.m. to 16:00 p.m. until Saturday.
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Iran Oil Industry Has Progressed Technologically Despite Sanctions: GECF Sec. Gen.
SHANA (Tehran) -- Iran’s oil industry has made advancements in technology despite sanctions, said the secretary general of the Gas Exporting Countries Forum (GECF) here on Wednesday.
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Iran Is A Major Oil Producing Country Despite Sanctions: Mexican Ambassador
SHANA (Tehran) -- The United Mexican States' Ambassador to the Islamic Republic of Iran Guillermo Alejandro Puente Ordorica said on Wednesday that despite the sanctions, Iran is one of the important oil producing countries in the region.
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Cuban Companies Keen on Signing Energy Contracts With Iran: Envoy
SHANA (Tehran) -- The ambassador of the Republic of Cuba to the Islamic republic of Iran said on Wednesday that “We are trying to pave the ground for the investment of Iranian companies in the field of oil and gas in Cuba.”
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More Foreign Companies at Iran Oil Show Indicates Failure of Sanctions Project: MP
SHANA (Tehran) -- Spokesman for the Iranian Parliament's Energy Committee Mostafa Nakhaei noted on Wednesday that the increase in the number of foreign companies participating in the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2024) is an indicative of the failure of the sanctions project.
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Iran Oil Show 2024 kicks off (2)
SHANA (Tehran) -- The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2024, kicks off here on Wednesday (May 8, 2024) in Tehran, with the presence of Iran’s Oil Minister Javad Owji.
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Owji Visits Iran Oil Show 2024
SHANA (Tehran) – Iran Oil Minister Javad Owji pays a visit to the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2024, on Wednesday, May 8, 2024.
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Iran Oil Show 2024 kicks off in Tehran
SHANA (Tehran) -- The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2024), kicked off on Wednesday (May 8, 2024) in Tehran, having the motto "Petroleum industry, production leap and technological optimization".
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Iran Oil Show 2024 kicks off (1)
SHANA (Tehran) – The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2024, kicks off here on Wednesday (May 8, 2024) in Tehran, with the presence of Iran’s Oil Minister Javad Owji.
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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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Oil Industry Official: Int’l Affairs Department Actively Takes Part in Iran Oil Show 2024
SHANA (Tehran) -- The Department of International Affairs and Trading of Iran’s Ministry of Petroleum has actively participated in the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, said a ministry official on Wednesday.
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We Are Not Happy To See Sanctions Against Iran, OPEC Secretary General
SHANA (Tehran) - OPEC Secretary General, Haitham Al Ghais, has said that sanctions against Iran distorts the way that oil usually flows.
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IOOC Production Rises By 21 Percent
SHANA (Tehran) - Production manager at the Iranian Offshore Oil Company (IOOC), Amir Salari, says that the company succeeded in increasing offshore oil and gas condensate production by 21 percent over the last Iranian calendar year, 1402.
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NIOC Improving Fars Province Infrastructures
SHANA (Tehran) – The manager of NIOC’s Directorate Of Supervision On Southern Oil-Rich Regions Construction Projects, Babak Darabi, says as much as 40 thousand billion rials, Iranian currency, have been allocated to implementation of construction projects in Fars province.
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OPEC+ ministers keep output policy steady as oil rallies
A meeting of the top OPEC+ ministers kept oil output policy unchanged and pressed some countries to boost compliance with output cuts, a decision that spurred international crude prices to their highest in five months at nearly $90 a barrel.
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Saudi Arabia may hike May crude oil prices to Asia
Top oil exporter Saudi Arabia may raise the official selling price (OSP) for flagship Arab Light crude in May after Middle East benchmarks strengthened last month, industry sources said.
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Oil, gas industry development main factor in Iran’s economic growth, says MP
SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee said the development of the oil and gas industry was the main factor in domestic economic growth in the previous Iranian calendar year of 1402 (March 21, 2023-March 19, 2024).
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If oil disappeared tomorrow….
If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded. Freight and passenger rail powered by diesel would halt. People could not get to work; children could not get to school. The shipping industry, transporting both freight and passengers, would be devastated.
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If oil disappeared tomorrow….
If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded. Freight and passenger rail powered by diesel would halt. People could not get to work; children could not get to school. The shipping industry, transporting both freight and passengers, would be devastated.
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OPEC+ managing to keep oil prices stable: Putin
The OPEC+ alliance aims at price stability in the oil market, not endless price increases, and so far it is succeeding in this, Interfax news agency quoted Russian President Vladimir Putin as saying.
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Iran, Russia agree on new contracts for oil, gas fields development
SHANA (Algiers) – Iran’s oil minister and Russia’s energy minister agreed on signing new contracts to develop oil and gas fields.
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Owji: Contracts with Russia lead to 200,000-barrel increase in Iran daily oil output
SHANA (Tehran) – Iranian Oil Minister Javad Owji on Wednesday said the contracts signed with Russian companies to develop eight oil fields have helped his country add more than 200,000 barrels to its daily production.
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52nd Meeting of JMMC reviews oil output
The 52nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday.
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Iran’s oil minister heads to Venezuela
SHANA (Tehran) – Iranian Oil Minister Javad Owji departed for the Venezuelan capital Caracas on Wednesday.
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Russia plans to cut seaborne oil exports by 100,000-200,000 bpd in Jan: Sources
Russia plans to cut oil exports from its sea ports in January by 100,000-200,000 barrels per day (bpd) from December levels amid increased throughput at its refineries, three industry sources familiar with export plans told Reuters.
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Russia eyes additional oil export cuts of about 50,000 bpd in Dec.: Novak
Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or more, earlier than promised, as the world's biggest exporters try to support the global oil price.
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India will buy Venezuelan oil, says minister
India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil, Oil Minister Hardeep Singh Puri said on Friday.
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Iran’s oil output up 60% under 13th administration: NIOC chief
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director said the country’s oil production has jumped 60 percent since the 13th administration took office in August 2021.
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Karoun oil output set to rise
Sepehr and Jofeir oil fields, located in West Karoun, are among the independent Iranian fields in the cluster and are set to come online soon. They have been developed by Pasargad Energy Development Company (PEDC) based on an IPC deal. The 13th administration is developing both independent and shared fields as part of its plan to boost its power of haggling in global oil markets.
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Oil, gas trade effect on Iran economic growth remarkable, says lawmaker
SHANA (Tehran) – Oil and gas trade has had a remarkable effect on Iran’s economic growth, said a member of the Parliament’s Energy Committee on Saturday.