Iran oil

Minister: Reducing Iran Oil Exports Pipe Dream 

Iranian Oil Minister, Mohsen Paknejad, emphasized that the US threats to reduce the country's crude oil exports are nothing more than a pipe dream that will never materialize.

Iran calls on Iraq to counter ‘enemy provocations’ in oil trade

Iranian Oil Minister Mohsen Paknejad, in a phone call on Wednesday with his Iraqi counterpart, Hayan Abdul Ghani, emphasized vigilance against what he called "enemy provocations,” according to Iran's official government news portal.

Iran intercepts major fuel smuggling involving oil export company

Iranian authorities have seized a ship carrying smuggled fuel in the Persian Gulf in a significant crackdown on illicit petroleum trade.

Iran to unveil oil investment opportunities as crude output rises

Iran's Oil Minister Mohsen Paknejad announced plans to showcase new investment opportunities in the oil sector, coinciding with increased crude production of 50,000 barrels per day.

Iran asserts oil trade operates within legal frameworks, denies claims of shipment seizures

Iran’s Ministry of Petroleum has rejected claims by Iraq’s oil minister regarding the alleged seizure of Iranian oil tankers by the US, calling the reports "unfounded and politically motivated."

Iran marks 74th anniversary of oil industry nationalization

Iran marked the 74th anniversary of the nationalization of its oil industry on Wednesday, a landmark event in the nation’s history.

Iran says will never back down from its share in global oil market

Iranian government spokeswoman Fatemeh Mohajerani stressed Tehran will never back down from its share in the global oil market.

Iran’s natl. oil company wins key victory in Crescent arbitration case

According to the Legal Affairs Department of the Iranian President’s Office, the tribunal in the Crescent arbitration case has dismissed the UEA-based company’s claim that the National Iranian Oil Company (NIOC) is liable for damages incurred by third parties (companies contracted by Crescent).

Oil minister: Russian companies collaborate on oil field development in Iran

Iranian Minister of Petroleum, Mohsen Paknejad, says Russian companies are collaborating with Iran to develop its oil fields.

Oil minister: US will fail to reduce Iran oil exports to zero

Iran’s oil minister has dismissed the US policy of imposing maximum pressure to halt Iran’s oil exports as a failed strategy, asserting that reducing Iran’s oil exports to zero is an unattainable goal.

Iran says broke 10-year record in oil exports

Iran’s Oil Minister Mohsen Paknejad has stated that oil exports from the country have reached a new record high despite a continued regime of US sanctions that seeks to cut Tehran’s oil exports to zero.

Iran says planning to invest $120bn in petroleum projects

Iranian Oil Minister Mohsen Paknejad has stated that the Islamic Republic is planning to invest up to $120 billion in petroleum projects as the country seeks to increase its oil and gas production to respond to a rising demand for energy.

First private oil dock in Iran’s South Pars commences operations

The first private oil dock in South Pars, located in Kangan, southern Iranian province of Bushehr, has commenced operations with the successful fueling of a Bangladeshi ship.

Iran’s oil exports ramped up in second half of December: Report

Iran’s oil exports rebounded sharply in the second half of December after a slump reported earlier in the month, according to an announcement by a major international tanker tracking service.

Data show Iran’s oil exports to China dropped significantly

Data by a major tanker tracking service revealed that Iran’s oil exports to China hit four-month low amid a rise in domestic demand for energy as well as regional tensions that affected the transport and removed customers from the market.

Iran’s oil minister elected as OPEC president for 2025

Iranian Oil Minister Mohsen Paknejad has been elected as the president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025.

US sanctions failed to crimp Iran’s oil supply: Chevron CEO

The executive of US oil giant Chevron, has stated that US sanctions on Iran have failed to remove the country’s oil supply from the markets.

Iran further increases its oil prices for Chinese refiners: Report

Tehran has further increased its oil prices for deliveries to private buyers in China despite a regime of Washington's sanctions that restrict normal exports, according to a report.

Iran’s oil output drops slightly in October: Report

Iran’s oil output fell slightly in October, according to figures by The Organization of the Petroleum Exporting Countries (OPEC).

OPEC data show Iran’s oil production keeps rising despite US sanctions

Tehran continued to raise its oil production in August despite the pervasive pressure of Washington's sanctions that restrict Iran’s ability to sell oil in international markets, according to the latest data by the Organization of the Petroleum Exporting Countries (OPEC).

IRGC says seized Togo-flagged tanker carrying smuggled fuel

The Islamic Revolution Guards Corps (IRGC) Navy announced that it has confiscated a tanker carrying over 700,000 liters of smuggled oil with the flag of Togo in the Persian Gulf.

Iran dismisses reports oil tankers involved in collision near Singapore carrying Iranian crude

The Iranian Oil Ministry in a statement on Saturday rejected reports that a large oil tanker that collided with a supertanker and caught fire off Singapore's coast was carrying Iranian crude oil.

Iranian oil minister: Oil output raised to 3.6mn. bpd

Iran’s Oil Minister Javad Owji says the country’s outgoing administration has managed to increase crude production to 3.6 million barrels per day.

Iran 4th largest OPEC oil exporter: Report

Tehran has become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales, according to a report.

Eurostat says Turkey resumed oil imports from Iran after 4 years

Figures by the European Union’s statistics agency, Eurostat, have shown that Ankara resumed importing oil from Tehran in March 2024 nearly four years after it cut shipments to zero to comply with US sanctions on Iran.

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