Iran oil

The latest news and views about the Iranian oil industry

Energy

“Iran Oil ministry increases output, completes projects”

IFP Media Wire -
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.
Energy

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

IFP Media Wire -
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.
Energy

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

IFP Media Wire -
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.
Energy

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

IFP Editorial Staff -
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.
Energy

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

IFP Media Wire -
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.
Energy

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

IFP Media Wire -
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.
Energy

No one purchasing Iranian oil stuck off US coast: Report

IFP Media Wire -
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.
Energy

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

IFP Media Wire -
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.
Energy

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

IFP Media Wire -
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).
Energy

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

IFP Media Wire -
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.
Energy

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

IFP Editorial Staff -
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.
Energy

Iranian oil minister: Good news ahead about oil sales

IFP Editorial Staff -
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.
Energy

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

IFP Media Wire -
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.
Energy

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

IFP Media Wire -
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.
Energy

White House blocking authorities from confiscating Iranian oil ships

IFP Media Wire -
The Biden administration won't let authorities seize tankers carrying Iranian oil, according to a report. Several European and Asian countries imported oil from Iran in 2022 despite US sanctions that impose penalties on governments and entities involved in energy trade with Tehran.
Energy

Iranian oil minister says crude production has exceeded 3 million bpd

IFP Editorial Staff -
Iran’s Oil Minister Javad Owji says the country’s crude production under the administration of President Ebrahim Raisi has exceeded 3 million barrels per day over the past 20 months.
Energy

Sources say US confiscated Iran oil cargo

IFP Media Wire -
The US has confiscated Iranian oil on a tanker at sea in recent days, three sources have confirned. It comes days later Iran seized an oil-laden tanker in retaliation, according to a maritime security firm.
Energy

Iranian president: Iran can be a pioneer in gas and oil industries

IFP Editorial Staff -
Iran’s President Ebrahim Raisi has said all countries are admitting that the Islamic Republic is now a pioneer in military and nuclear industries.
Energy

3 EU states importing Iranian oil despite US sanctions: Report

IFP Media Wire -
Three European Union (EU) countries have imported oil from Iran in 2022 despite US sanctions that impose penalties on governments and entities involved in energy trade with Tehran.
Foreign Policy

Beijing’s envoy: Iran oil sales to China on track despite sanctions

IFP Editorial Staff -
The Chinese ambassador to Tehran says the sales of Iranian oil to China is on track “without any problem,” despite the harsh US sanctions in place against the Islamic Republic’s energy sector.
Energy

OPEC figures show Iran’s oil output at 2.567 mln bpd in March

IFP Media Wire -
Figures by The Organization of the Petroleum Exporting Countries (OPEC) shows Iran’s oil output in March was almost unchanged from February.
Energy

Iran’s oil minister arrives Venezuela

IFP Media Wire -
Iranian Oil Minister Javad Owji is in Caracas, exploring ways of "strengthening relations and cooperation in the field of energy" between Iran and Venezuela.
Economy

Economy minister says Iran’s oil exports hit highest level amid US sanctions

IFP Media Wire -
Tehran has achieved its highest level of oil exports for at least two years, surpassing the previous high of 1.3 million barrels a day despite Washington's sanctions, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi has confirmed.
Energy

Iran launches major development phase at Abadan refinery

IFP Editorial Staff -
Iran has launched the first section of the second phases of a major project for development and stabilization of capacity at its Abadan refinery in the country's south.
Energy

Iran oil exports set record high in 4 years despite sanctions: Minister

IFP Editorial Staff -
Iranian Oil Minister Javad Owji said the country’s oil exports reached the highest level in four years including in the current Persian calendar year which will end on March 20.
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