Iran oil

The latest news and views about the Iranian oil industry

Energy

Iran’s oil minister elected as OPEC president for 2025

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

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

IFP Media Wire -
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.
Energy

Iran further increases its oil prices for Chinese refiners: Report

IFP Media Wire -
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.
Energy

Iran’s oil output drops slightly in October: Report

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

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

IFP Media Wire -
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).
Energy

IRGC says seized Togo-flagged tanker carrying smuggled fuel

IFP Media Wire -
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.
Energy

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

IFP Editorial Staff -
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.
Energy

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

IFP Media Wire -
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.
Energy

Iran 4th largest OPEC oil exporter: Report

IFP Media Wire -
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.
Energy

Eurostat says Turkey resumed oil imports from Iran after 4 years

IFP Media Wire -
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.
Energy

EI data finds Iran had 2nd largest growth in oil production in 2023

IFP Media Wire -
Figures by a major energy data agency indicate that Iran had the second largest growth in oil production in the world in 2023 despite continued pressure from the US sanctions on its oil exports.
Energy

Iran minister says oil production surged by 1.4mn barrels in current administration

IFP Editorial Staff -
Iran’s crude production increased by 1.4 million barrels per day during the late President Ebrahim Raisi’s administration despite over 600 new sanctions imposed by the West on exports, the country’s oil minister says.
Energy

Iran signs contracts worth $2bn to develop oil industry

IFP Editorial Staff -
Iran’s Ministry of Petroleum has signed four new contracts worth over 2 billion dollars with the private sector to develop its oil and gas fields.
Energy

Iranian oil min.: Tehran-Moscow ties will continue growing 

IFP Editorial Staff -
Iran's Oil Minister Javad Owji says Tehran will continue the policies of late president Ebrahim Raisi including in the energy sector.
Energy

Minister: Iran oil production increased 60 percent

IFP Editorial Staff -
Iran’s Oil Minister Javad Owji said oil production in the country has jumped 60 percent in the past 2 ½ years.
Energy

Iran oil exports hit 6-year high amid US sanctions: Report

IFP Media Wire -
Tehran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost, the Financial Times has reported.
Energy

Report: Iran ahead of other OPEC members in terms of rise in crude output in March

IFP Editorial Staff -
The Organization of Petroleum Exporting Countries (OPEC) says Iran took the lead among oil producers in March 2024 when it produced 3 million 188 thousand barrels per day (bpd) of crude, 28,000 bpd more that its output in February.
Energy

Iran celebrates 73rd anniv. of oil industry nationalization

IFP Editorial Staff -
Iran is commemorating the 73rd anniversary of its historic nationalization of the oil industry, a landmark event that reshaped the nation's trajectory.
Energy

Minister: Iran signs oil contract worth $13bn

IFP Editorial Staff -
The Iranian petroleum minister says the country has signed the biggest ever contract in the nation’s oil history worth $13 billion.
Energy

Trump reelection not to hinder Iran’s oil sales: Minister

IFP Media Wire -
Iranian Oil Minister Javad Owji says that Tehran’s oil exports won’t be hampered if Donald Trump wins the US presidential elections in November. He also added that sanctions and acts of sabotage have failed to stop the country’s progress in the oil sector.
Energy

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

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

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

IFP Editorial Staff -
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.
Energy

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

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

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

IFP Media Wire -
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.
Energy

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

IFP Media Wire -
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.
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