Saturday, June 22, 2024


Iran minister says oil production surged by 1.4mn barrels in current administration

Iran’s crude production increased by 1.4 million barrels per day during the late President Ebrahim Raisi’s administration despite over 600 new sanctions imposed by the West on exports, the country’s oil minister says.

Iran signs contracts worth $2bn to develop oil industry

Iran’s Ministry of Petroleum has signed four new contracts worth over 2 billion dollars with the private sector to develop its oil and gas fields.

Iranian oil min.: Tehran-Moscow ties will continue growing 

Iran's Oil Minister Javad Owji says Tehran will continue the policies of late president Ebrahim Raisi including in the energy sector.

Iran, Azerbaijan inaugurate Qiz Qalasi dam on Aras River

The Qiz Qalasi dam on the Aras River in northwestern Iran, tipped as the most important water project for Iran and the neighboring Republic of Azerbaijan, became operational on Sunday.

Iranian, Azerbaijani presidents to inaugurate dam on Aras River on Sunday

Iran’s President Ebrahim Raisi will jointly inaugurate with his Azerbaijani counterpart Ilham Aliyev a dam on the Aras River on Sunday.

India downplays US sanction threat over Iran’s port contract

India’s Foreign Minister S. Jaishankar has downplayed US threat of sanctions after New Delhi signed a landmark contract with Tehran to operate the Chabahar Port in Iran, stressing the project will “benefit the entire region".

Foreign investors win bid to develop seven oil fields in Iran

Iran is pushing its policy to draw foreign investors in the oil sector by putting then on seven oil fields in the south of the country, the head of the National Iranian Oil Company (NIOC) says.

Minister: Iran oil production increased 60 percent

Iran’s Oil Minister Javad Owji said oil production in the country has jumped 60 percent in the past 2 ½ years.

Pakistan says to block any external interference on Iran gas project

Pakistan’s Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar has reiterated that Islamabad will deter external interference when it comes to complying with the terms of a natural gas import contract with Tehran.

1st concrete pouring for Karun nuclear island set for fall: Iran revives dormant power plant

Mohammad Eslami, the head of the Atomic Energy Organization of Iran, announced that the construction of the first nuclear concreting island at the Karun site in southern Iran will commence in the fall.

Iran oil exports hit 6-year high amid US sanctions: Report

Tehran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost, the Financial Times has reported.

Report: Iran ahead of other OPEC members in terms of rise in crude output in March

The Organization of Petroleum Exporting Countries (OPEC) says Iran took the lead among oil producers in March 2024 when it produced 3 million 188 thousand barrels per day (bpd) of crude, 28,000 bpd more that its output in February.

Pakistan says reserves right to import gas from Iran despite US objections

Pakistan has stressed it is within its rights to import natural gas from Iran despite the US objections to fresh attempts by Islamabad to revive a 2009 gas supply agreement with Tehran.

Iran extends gas export contract with Iraq

Iran has renewed a contract with Iraq to export gas to its western neighbor for five more years.

Top comdr.: Iran to retaliate in kind if oil tankers stolen

A senior Iranian commander says Iran will retaliate in kind if its petroleum shipments are stolen.

Iran celebrates 73rd anniv. of oil industry nationalization

Iran is commemorating the 73rd anniversary of its historic nationalization of the oil industry, a landmark event that reshaped the nation's trajectory.

Minister: Iran signs oil contract worth $13bn

The Iranian petroleum minister says the country has signed the biggest ever contract in the nation’s oil history worth $13 billion.

Trump reelection not to hinder Iran’s oil sales: Minister

Iranian Oil Minister Javad Owji says that Tehran’s oil exports won’t be hampered if Donald Trump wins the US presidential elections in November. He also added that sanctions and acts of sabotage have failed to stop the country’s progress in the oil sector.

Iran issues fresh warning against Kuwait over Arash gas field row

Iran says it believes in ‘integrated and joint’ extraction with Kuwait and Saudi Arabia from the disputed Arash gas field in the Persian Gulf, warning Tehran will start drilling in the field if Kuwait does so.

One killed, 3 injured in oil refinery blast in southern Iran

One person was killed and two others were injured in an explosion at an oil refinery in the southern Iranian port city of Bandar Abbas.

Iran has potential to become energy hub: President Raisi

President Ebrahim Raisi expressed Iran’s readiness to become a energy hub, stating that his country could turn into a safe route for the transfer and distribution of natural gas among suppliers and consumers.

Iranian research institute wins GECF award in Algiers

Iran’s Research Institute of Petroleum Industry (RIPI) has been granted the Gas Exporting Countries Forum (GECF)’s Award for Long-Term Commitment to Natural Gas in recognition of its contribution to the natural gas sector.

Iran gas production grew 2.5 times more than global average during ten-year period: Oil minister

Iranian Oil Minister Javad Owji has stated that the country’s natural gas production from 2012 to 2022 saw an average growth of 5.2 percent. He added that the figures show the production volume in Iran was more than 2.5 times the global average growth during this period.

Pakistan says US sanctions ‘may not apply’ to gas pipeline project with Iran

Pakistan’s caretaker energy minister has stated Washington’s anti-Tehran sanctions, imposed over its nuclear program, may not apply to the Iran-Pakistan gas pipeline as Islamabad was going to start work on the project within its territory and connect to the neighboring country.

Iran says Israel was behind recent gas pipeline explosion

A recent blast that hit gas pipelines in Iran has been perpetrated by the Zionist regime, Oil Minister Javad Owji told reporters on Wednesday.

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