Iran oil

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.

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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

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

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.

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

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.

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

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 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 and exports rose in August despite US sanctions, consultants and companies that track tanker shipments have confirmed.

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.

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’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.

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.

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.