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The latest news and views about the Iranian oil industry

NIOC’s CEO: Iran oil output to reach pre-sanctions level

The CEO of the National Iranian Oil Company has said efforts are under way to restore Iran’s daily crude output to the pre-sanctions level, that is, 4 million barrels per day.

Hezbollah chief says new Iranian oil tanker in Syria within days

Hezbollah Secretary General Sayyed Hasan Nasrallah announced on Friday a new Iranian oil vessel will reach Syria in the upcoming few days.

  Iran seizes foreign vessel smuggling fuel

Iranian naval forces have intercepted a foreign vessel carrying contraband fuel in waters off the country’s southern coast.

Raeisi: Iran oil sales program moving ahead as planned

Iranian President Seyyed Ebrahim Raeisi says Tehran is pressing ahead with its oil sales program successfully.

Data: Iran’s monthly oil export revenues at $1.3bn

Iran has been earning an average of around $1.3 billion per month in oil revenues despite sanctions imposed by the United States, a report shows.

Iran frees oil tanker Sothys after unloading crude oil

The news site of the Islamic Revolution Guards Corps says Iran has released oil tanker Sothys on a court order after unloading its crude oil at the southern port of Bandar Abbas.

Iran says US navy escorting stolen oil cargo, not monitoring

Spokesman for the Islamic Revolution Guards Corps (IRGC) has rejected remarks by American defense officials claiming US forces involved in the recent tanker incident in the Sea of Oman were present at the scene only to monitor the situation.

Iran: Fuel distribution returns to normal

  The spokesperson for the National Iranian Oil Products Distribution Company has said refueling has returned to normal at all gas stations across Iran following days of disruption due to a cyberattack attack.

Minister: Iran Oil products’ exports to resume in 2 weeks

Iran’s Oil Minister Javad Ouji has said oil products exports from the Islamic Republic will resume within the next couple of weeks.

Iran to develop oilfields near border with Iraq

The National Iranian Oil Company (NIOC) will focus on developing oilfields near the Iraqi border. Tehran needs $11 billion to develop four oilfields which will add some 1 million barrels per day to the country’s total crude output.