Friday, June 21, 2024

Energy

VP warns Iran to take ‘reciprocal action’ if its ships are seized by US

Iran’s Vice President for Legal Affairs Mohammad Dehqan has stressed that the country will reciprocate if its ships are seized illegally, as the United States acknowledges the confiscation of Iranian oil.

Iran’s oil exports increased 50% last year despite US sanctions: Report

A new report shows that Iran’s oil exports rose by half in 2023 despite sanctions imposed on Tehran by Washington.

Iran: Natural gas exports to Iraq underway as planned

Iran says exports of natural gas to neighboring Iraq continue as planned, denying reports of a halt in the process.

Global oil prices may double: Report

Global prices for crude oil will double if disruptions triggered by Yemen’s Houthis also affect the Strait of Hormuz, Daan Struyven, Goldman Sachs’ head of oil research, has told CNBC in an interview.

Iran launches 1st cryogenic loading arm, highlights petrochemical industry’s path to self-sufficiency

Deputy  Iranian Minister of Oil and CEO of Iran's National Petrochemical Industry Company, Morteza Shahmirzaei, marked a milestone on Monday at Asalouyeh Port, along the Persian Gulf, where Berth No. 17 Phase 2 witnessed the inauguration of Iran's first locally crafted cryogenic loading arm.

Gas stations in Iran back online after cyberattack

Almost all gas stations in Iran are operational a day after about 70 percent of the pumps were hit in a cyberattack, the Iranian deputy oil minister said Tuesday.

Iran oil minister: Gas stations hit in cyberattack

Iran’s Oil Minister confirmed that about two thirds of the gas stations across the country were disrupted after they were targeted in a cyberattack on Monday.

Official: Gas stations disrupted in Iran, technical glitch will be tackled soon

A technical error has knocked fuel rationing system in Iran off course, the head of the Gas Stations Union confirmed, adding offline fueling system at non-subsidiary prices has not been affected.

Minister: Iran to increase oil production to 3.6mn barrels per day in months

Iran’s oil minister says the country is planning on increasing its crude production to 3.6 million barrels per day by the end of the current Iranian year, on March 20, 2024, and aims to hit the 4 million mark next year.

Minister: Iran must enjoy its share of Hirmand River water

Iran’s minister of energy has said the country must enjoy its right to the water of Hirmand River on the border with Afghanistan.

Official: Iran kick-starts construction of Karoun nuclear power plant

Iran has started to build the Karoun nuclear power plant in the southwestern province of Khuzestan, the head of the Atomic Energy Organization of Iran (AEOI) says.

Putin says Iran discussing gas supplies with Russia

Tehran is discussing the possibility of Russian gas supplies with Moscow, Russian President Vladimir Putin has said at the plenary session of the Russian Energy Week.

Iran inaugurates power plant for industries in Isfahan’s Mobarakeh

Iranian President Ebrahim Raisi inaugurated a combined cycle power plant earlier on Friday in Isfahan’s Mobarakeh Steel Company as part of a larger plan to help industries generate the power they need and remove obstacles for production.

Persian Gulf Star Oil Company’s refining capacity rises to 455,000 barrels

Iran’s Persian Gulf Star Oil Company (PGSOC) in the southern Iranian port city of Bandar Abbas has increased its refining capacity from 36 thousand barrels at inauguration over six years ago to 455 thousand barrels, the company’s director said on Wednesday.

Saudi envoy calls for boosting petrochemical ties with Iran

The newly-appointed Saudi ambassador to Iran says the kingdom eyes expansion of petrochemical cooperation with Iran, according to the Iranian Oil Ministry.

Iran stands firm on Arash gas field share in Persian Gulf

Iran’s oil minister, Mohammad Javad Owji reaffirmed Tehran’s commitment to its share in the Arash gas field in the Persian Gulf, vowing not to exceed the agreed-upon production levels.

Tehran says capable of retaliating in kind against US over stealing Iranian oil cargo

Iran’s defense minister says the country is capable of acting in kind in response to the United States’ stealing of its crude oil.

Iran oil prices rose by an average of $6.1 per barrel in August: OPEC

Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show Iranian oil prices rose by an average of $6.1 per barrel in August.

Iran’s oil exports to China hit all-time record in August: Report

Iran’s exports of oil to China hit a historic record in August despite Washington pressure on Tehran, according to a report published in the local media citing data from a major international energy data company.

Saudi Arabia, Russia extend oil supply cuts

Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude exporters — announced they would extend output cuts by at least another three months.

Iran’s oil output, exports jump despite US sanctions

Iran's oil output and exports rose in August despite US sanctions, consultants and companies that track tanker shipments have confirmed.

Iran president inaugurates gas production at Phase 11 of South Pars field, Persian Gulf

Iran officially resumed gas production at Phase 11 of South Pars, the world's largest gas field in the Persian Gulf, after a 20-year delay in a ceremony on Monday attended by President Ebrahim Raisi.

Disputed gas field with Kuwait can be settled through peaceful means: Iranian diplomat

Iran believes a dispute with neighboring Kuwait surrounding a gas field in the Persian Gulf is not a big problem as Ali Asghar Khaji, a senior aide to the Iranian foreign minister says, adding the issue can be resolved given the good relations between the two countries.

Minister: 33 oil projects made operating in Iran with a $12bn investment

Iranian Oil Minister Javad Oji says since the start of the current administration in Iran two years ago, 33 half-completed projects have been inaugurated using a $12 billion investment. 

“Iran Oil ministry increases output, completes projects”

Iran’s Oil Minister Javad Owji has said increasing investment, completing semi-finished oil projects, and boosting oil, gas volume, refining and rising petrochemical outputs have been the most important measures taken by his ministry since two years ago when the administration of President Ebrahim Raisi assumed office.

Latest news