Friday, July 1, 2022

Iran oil

Ministry: Iran selling over one million barrels of oil a day

Iran’s oil ministry says the government has managed to avoid imprest funding from the central bank in the first months of the Iranian calendar year (starting from March 21) for the first time in the past years, thanks to an increase in oil export revenues.

Iran busts fuel smuggling cell in Hormozgan Province

The Iranian judiciary officials in the southern Province of Hormozgan say they have arrested three fuel smuggler leaders in the area.

Iranian official: 60%+ rise in oil revenues in first two months of this year

A spokesman for the Iranian oil ministry says oil revenues earned by the country have increased by more than 60% in April and May compared to the same period last year.

Qatar FM: Return of Iran crude to market helps stabilize prices

Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani says the return of Iranian oil to world markets will help stabilize oil prices.

Business activist: Russia taking over Iran’s share of Chinese oil market

The head of a major Iranian energy union warns that Russia appears to be taking over Iran’s share of the Chinese oil market, saying that Tehran should, in return, try to take the place of Moscow in the European market to prevent a decline in its crude sales.

Iran to end flare burning at plants: Oil minister

Iran’s Oil Minister Javad Oji says the country has signed 28 contracts worth one billion euros (1.065 billion dollars) to end flare burning at its industrial plants.

Iran’s oil-rich south at highest readiness level to produce crude: Official

The National Iranian South Oil Company (NISOC) says Iran’s oil-rich south is at the highest level of readiness to produce crude.

Oil minister: Iran earned $43 billion in oil revenues last year

Iran’s Oil Minister Javad Oji says the Islamic republic earned $43 billion in oil revenues in the Persian year of 1400 which ended on March 20.

MP: Iran securing its share in oil market

The secretary of the Iranian parliament’s energy commission says Iran is seeking to secure its share of the oil market through its energy diplomacy.

Minister: Iran’s oil production capacity reached pre-sanctions level

Iran’s Oil Minister Javad Owji says the country’s crude production capacity has reached more than 3.8 million barrels per day (bpd), equaling the levels that existed prior to the imposition of tough American sanctions on the country’s energy industry.

Iran exported gasoline, gas oil in March 2022 as part of commitments

Iran’s deputy oil minister says the country exported a gasoline shipment as well as three cargoes of gas oil in March, 2022.

Iran plans a $200bn investment in oil industry

Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts.

2nd oil field in Iran’s Fars Province goes on stream

The National Iranian Oil Company (NIOC) says the second oil field in the country’s southwestern Fars Province has officially gone on stream, with an initial production capacity of 9,000 barrels of crude per day.

Iranian oil minister: 100% of oil revenues returning; exports increased 4-fold

Iranian Oil Minister Javad Oji says Iran has received 100% of its oil revenues and sold crude to countries the US did not even imagine.

NIOC: Iran ready to supply global market with as much oil as it needs

The National Iranian Oil Company (NIOC) voices the country’s readiness to supply oil to the global market “at a maximum level,” saying Iran’s potential return to the market could effectively help stabilize soaring crude prices.

Iran’s collection of oil and gas revenues increases 2.5 times

Iran’s oil minister has said in the current Persian year, the collection of revenues from selling oil and condensate, petroleum products, petrochemical products and net exported gas increased 2.5 times while as for gas, this figure has reached 3.5 to 4 times.

‘Removal of oil sanctions no concession to Iran amid soaring crude prices’

Iran’s Keyhan newspaper has published an opinion piece arguing that the removal of U.S. sanctions against Iran’s oil sector must no longer be regarded as a concession to Iran because this is what America needs right now given soaring energy prices amid the Ukraine crisis.

Oil ministry signed investment contracts worth $15.6bn in 6 months

Iranian Oil Minister Javad Owji says the ministry has signed investment agreements worth 15.6 billion dollars in the past six months.

Iran says ready to quick supply of crude in global markets

Iranian Oil Minister Javad Owji says the Islamic Republic is ready to quickly increase its supply of crude to international markets, stressing that it is the consumer countries that should take the necessary steps to facilitate restoration of stability to global markets.

Iranian oil exports have increased 40 percent despite sanctions

Iran’s minister of economic and financial affairs says the country’s oil exports have increased 40 percent compared to the time when President Ebrahim Raisi took office.

Iran, Venezuela ink MOU for refinery overhaul

Iran has signed a number of memoranda of understanding with Venezuela to overhaul and renovate the Latin American country’s oil refineries and gas processing plants.

Iranian govt. oil budget: A return to oil addiction era?

During the examination of the details of the revenue section of the 1401 budget bill, the Iranian lawmakers approved paragraph b of note 1 that determines the ceiling of resources derived from oil revenues

Oil prices calm down as Russia-Ukraine tensions, Vienna talks weigh

Oil prices calmed down after fluctuating initially on Monday, as investors eyed contrasting scenarios of tighter Russian energy supplies due to the Ukraine crisis and more crude coming to the market on a possible nuclear deal between Iran and world powers.

Iranian FM: Tehran ready to expand ties with Norway in oil, gas industries

Iranian Foreign Minister Hossein Amir Abdollahian has told his Norwegian counterpart Ms. Anniken Huitfeldt that Tehran is ready to expand ties with Oslo in several areas, especially oil and gas.

Iran dismisses ‘bogus’ rumors of Chinese military deployment

The Iranian Petroleum Ministry has dismissed rumors of China’s military deployment to Iran to protect its energy projects there, saying such claims could be a reaction to Tehran’s gains from enhanced economic ties with Beijing.

Latest news