Friday, April 12, 2024

Iran oil

Iran celebrates 73rd anniv. of oil industry nationalization

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

Minister: Iran signs oil contract worth $13bn

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

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

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.

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

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

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

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.

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

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

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

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.

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

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.

Iran’s oil output, exports jump despite US sanctions

Iran's oil output and exports rose in August despite US sanctions, consultants and companies that track tanker shipments have confirmed.

Oil pipeline blast hits village in Iran’s Hormozgan, Persian Gulf

An oil pipeline blew up in a village near Bandar Khamir in southern Iranian Hormozgan Province along the Persian Gulf, in the early hours of Monday, according to local sources.

Minister: 33 oil projects made operating in Iran with a $12bn investment

Iranian Oil Minister Javad Oji says since the start of the current administration in Iran two years ago, 33 half-completed projects have been inaugurated using a $12 billion investment. 

“Iran Oil ministry increases output, completes projects”

Iran’s Oil Minister Javad Owji has said increasing investment, completing semi-finished oil projects, and boosting oil, gas volume, refining and rising petrochemical outputs have been the most important measures taken by his ministry since two years ago when the administration of President Ebrahim Raisi assumed office.

Iran’s oil exports hit 2.2 million bpd despite US sanctions: Report

Iranian oil exports are surging in August, swelling global flows at a time when other producers are cutting back, Bloomberg has reported citing a firm that monitors satellite imagery of individual tankers. The data shows the country's oil exports have reached levels that were not even seen before Iran came under US sanctions in 2018.

Tanker believed to hold Iran oil begins to be offloaded despite Tehran threats

An American-owned oil tanker long suspected of carrying Iranian crude oil began offloading its cargo near Texas late Saturday, tracking data shows. Tehran has previously warned against any move to discharge the cargo.

Deputy minister: Iran’s daily oil production to hit 3.5mn barrels

The head of National Iranian Oil Company and deputy petroleum minister says Iran’s production of crude oil will surpass 3.5 million barrels per day by the end of September in a new blow to US sanctions on the Islamic Republic.

Report: Iran’s oil production hits 5-year highs

Iranian oil output has increased by nearly 1 million barrels per day (bpd) since August 2021 and has now reached the highest level in almost five years at 3.1 million bpd, according to a report.

Iran’s crude oil shipments to China tripled since 2020: Report

Iran’s crude oil exports to China have tripled over the past three years, up from 324,000 barrels per day in 2020 to approximately one million this year despite US sanctions targeting the Iranian oil exports, the latest figures by data analytics firm Kepler have showed.

No one purchasing Iranian oil stuck off US coast: Report

A cargo of Iranian oil remains stranded off the United States coast because no one buys it despite the fact that Washington has authorized its unloading to ensure that buyers would not face penalties because “it is from a sanctioned country”, according to a report.

OPEC says Iran’s oil revenues up 67% in 2022

Figures by the Organization of Petroleum Exporting Countries (OPEC) shows that Iranian oil export revenues rose by 67% last year despite continued pressure of US sanctions on Tehran.

IEA: Iran’s oil production rose to 80,000 bpd in May

The International Energy Agency (IEA) on Sunday announced that Iran’s oil production volume in May 2023 reached 2.870 million barrels per day (bpd).

Iran oil minister says $40bn worth of deals signed in less than two years

Iran’s Oil Minister Javad Owji says that the country has inked $40 billion worth of oil contracts with domestic and foreign companies over the past 20 months.

Iran installs heaviest platform at Phase 11 of South Pars Gas Field, Persian Gulf

Iran successfully completes the operation to install the heaviest platform of South Pars in place, as the country pushes to operationalize the Phase 11 of the giant Persian Gulf gas field.

Iranian oil minister: Good news ahead about oil sales

Iranian Oil Minister Javad Owji says the administration of President Ebrahim Raisi has succeeded in identifying good markets and capacities for selling crude. Owji noted that when Raisi took office, the oil exports were very low but this administration boosted them.

Iran’s oil exports hit highest record in 5 years despite US sanctions

Iran's crude exports and oil output in 2023 have hit new highs despite US sanctions, according to consultants, shipping data and a source familiar with the matter, according to a report by Reuters.

IEA says Iran’s oil output hits 2.750mn in April

The International Energy Agency (IEA) announced in its latest report that Iran’s crude production volume reached 2.75 million barrels per day (bpd) in April.

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