The latest news and views about the Iranian oil industry
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.
The Iranian judiciary officials in the southern Province of Hormozgan say they have arrested three fuel smuggler leaders in the area.
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.
Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani says the return of Iranian oil to world markets will help stabilize oil prices.
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.
The National Iranian South Oil Company (NISOC) says Iran’s oil-rich south is at the highest level of readiness to produce crude.
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.
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’s deputy oil minister says the country exported a gasoline shipment as well as three cargoes of gas oil in March, 2022.
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 Javad Oji says Iran has received 100% of its oil revenues and sold crude to countries the US did not even imagine.
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 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.
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.
Iranian Oil Minister Javad Owji says the ministry has signed investment agreements worth 15.6 billion dollars in the past six months.
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.
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.
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 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 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.
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.