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.

Oil minister honors employees, hails workforce as engine of progress

SHANA (Tehran) — Iran’s oil minister marked Employee Day with a message praising oil industry employees for their dedication, describing them as being on the front line of public service and a pillar of the country’s energy security.

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.

Iran sets new oil, gas production records despite sanctions, war

SHANA (Tehran) — Iran’s oil industry has posted record production levels of crude oil and natural gas despite facing sanctions, energy shortfalls and the impacts of war, according to government data.

Iran touts oil sector gains: Exports up, idle capacity restored

SHANA (Tehran) – The deputy head of the Iranian Parliament's Energy Committee cited the most significant achievements of the Oil Ministry under the 14th administration as growth in oil exports, an improved national gas balance, the activation of private sector capacity, and the revival of idled and suspended capacities in the upstream and midstream oil and gas industry.

IEA confirms rise in Iran’s crude production

SHANA (Tehran) – The International Energy Agency reported that Iran’s crude oil production rose by about 200,000 barrels in July.

Little time left for maximum output from oil fields: NISOC

SHANA (Tehran) – The head of the National Iranian South Oilfields Company (NISOC) warned that there is little time left to maximize output from the country’s oil reserves, citing global fossil fuel conditions and environmental challenges.

Tehran Oil Refinery projects accelerate under 14th administration

SHANA (Tehran) – The engineering manager of Tehran Oil Refining Company’s projects announced that the implementation of the refinery’s initiatives has been expedited under the 14th administration. Several projects, including urban wastewater treatment, industrial hexane production and connection to the national power grid, are set to launch in the coming months.

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.

NISOC undertakes overhaul on more than 100 process units

SHANA (Tehran) – The National Iranian South Oilfields Co. (NISOC) has begun major overhauls on more than 100 processing units since early April, with 27 of them prioritized for their direct impact on oil production, the company’s head of industrial equipment and process machinery maintenance said.

Oil revenue, spending transparency discussed in seventh development plan steering council

SHANA (Tehran) – The executive plan for enhancing transparency in the revenues and expenditures of the National Iranian Oil Company (NIOC), as outlined in Clause 18 of Article 119 of the Seventh Development Plan Law, was reviewed Monday during a meeting of the plan’s steering council.

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 minister denies report of 40m barrels of Iranian oil stranded at sea

SHANA (Tehran) — Iran’s oil minister has rejected claims by foreign media that more than 40 million barrels of Iranian oil are stranded at sea, calling the reports baseless.

Deputy minister urges greater private sector involvement

SHANA (Tehran) - The deputy for legal and parliamentary affairs at the Ministry of Oil emphasized the private sector’s key role in advancing the oil industry’s objectives, stating that the country’s economy remains reliant on oil and that active participation from private sector associations is essential for the industry’s development.  

Iran vows to maintain oil exports, plans for sanctions snapback

SHANA (Tehran) – Iran’s oil minister emphasized the continuation of the country’s oil exports, stating that the Ministry of Petroleum has necessary plans in place to address sanctions and the potential activation of the "snapback" mechanism.

Sanctions fail to stop Iran’s oil exports from setting new records

SHANA (Tehran) – Iran’s crude oil exports have set new records, a fact now undeniable even to foreign media outlets competing to cover the story. This achievement comes amid challenging times, made possible by the smart strategies and dedication of Iran’s oil industry workers.

Leader grants permission for NDF to invest in energy sector

SHANA (Tehran) – The head of the National Development Fund’s executive board announced that the Leader has granted unprecedented permission for the fund to invest in oil, gas, and electricity sectors.

Iranian experts produce safety valve parts for Salman platform

SHANA (Tehran) – Specialists at Iranian Offshore Oil Company (IOOC) designed and manufactured spare parts for safety valves at the Salman oil and gas platform using domestic expertise and reverse engineering, overcoming challenges posed by international sanctions.

OPEC data: Global energy demand to rise 23% by 2050

SHANA (Tehran) – Global energy demand is projected to increase by 23% by 2050, while the world’s population is expected to grow by only 18% in the same period. Changing lifestyles and a 20% rise in urbanization rates will be the key drivers behind this surge in energy demand.

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.

MP says US oil sanctions policy against Iran has failed

SHANA (Tehran) – The head of the Iranian Parliament’s Energy Committee said the US believes that by intensifying sanctions and imposing restrictions on individuals, entities and international companies, it can disrupt Iran’s oil sales and revenue. However, he stated, this policy has failed.

Cease-fire brings calm to oil market amid complex outlook  

SHANA (Tehran) - A spokesperson for Iran’s Union of Exporters of Oil, Gas, and Petrochemical Products stated that the oil market is simultaneously influenced by fundamental factors, countries’ economic conditions, and political developments. 

No disruptions to Iran’s oil exports, Paknejad says

SHANA (Tehran) – Oil Minister Mohsen Paknejad said Wednesday that Iran’s oil exports are continuing unchanged in volume and terms, adding, “At present, we have no concerns in this regard.”

Resilience during the 12-day war:

From daily distribution of 200m liters of gasoline to sustained production

SHANA (Tehran) – For 12 days, as Iran faced attacks from the Zionist regime and an imposed war, the oil industry operated seamlessly—unshaken and unwavering. It stood firm, ensuring no home was left without power and no fuel shortages disrupted the nation.

Iran’s economic sector effectively handled wartime pressures

SHANA (Tehran) – Iran’s first vice president said that on the first day of the 12-day war, gasoline consumption exceeded production by 80 million liters, but the situation was managed effectively due to collective efforts on the economic front, with the oil industry performing notably well during the crisis.

Oil industry’s performance during war exemplified crisis management

SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee described the oil industry’s performance during the 12-day war with the Zionist regime as a prime example of infrastructure resilience, centralized command and organizational cohesion.