Iran’s petroleum minister says the country is working to promote its oil refineries in terms of both quality and quantity in an effort to decrease the volume of exports in the form crude oil.
Iranian Oil Minister Javad Ouji has said on his Twitter account that Iran and Russia are two key players in the global energy arena and there are many potential areas for cooperation between the two countries.
The head of Iran’s National Petrochemical Company (NPC) says the country’s petrochemical production capacity will rise to 100 million tons annually by the end of next Iranian calendar year (March 20, 2023).
Iran has officially launched its first-ever specialized refinery designed to process super heavy crude oil on the southern Qeshm Island, as the country keeps promoting its energy sector regardless of tough US sanctions.
The CEO of the National Iranian Oil Company, NIOC, has said in the thirteenth government, Iran regained part of the oil market share it lost due to sanctions and it is now getting paid for any amount of crude that it sells. Mohsen Khojasteh Mehr added that part of Iran’s oil sales is done by the private sector and that the country’s oil revenues have increased significantly in recent months. He also said all the revenues from the sale of Iranian oil have been received and there are no overdue oil revenues in the 13th government.
Iran’s IRNA News Agency says under the country’s budget bill for the next fiscal year starting March 21, 2022, oil exports will be estimated at 1.2 million barrels per day.
A member of the Presiding Board of the Iranian Parliament’s Energy Commission said Iran's oil exports have increased significantly, citing reports from international institutions and oil tanker tracking companies.
The CEO of the National Iranian Oil Company has said efforts are under way to restore Iran’s daily crude output to the pre-sanctions level, that is, 4 million barrels per day.
The news site of the Islamic Revolution Guards Corps says Iran has released oil tanker Sothys on a court order after unloading its crude oil at the southern port of Bandar Abbas.
Spokesman for the Islamic Revolution Guards Corps (IRGC) has rejected remarks by American defense officials claiming US forces involved in the recent tanker incident in the Sea of Oman were present at the scene only to monitor the situation.
The spokesperson for the National Iranian Oil Products Distribution Company has said refueling has returned to normal at all gas stations across Iran following days of disruption due to a cyberattack attack.
The National Iranian Oil Company (NIOC) will focus on developing oilfields near the Iraqi border. Tehran needs $11 billion to develop four oilfields which will add some 1 million barrels per day to the country’s total crude output.
Iranian President Ebrahim Raisi has called on the Organization of the Petroleum Exporting Countries to focus on the interests of member countries and take up a greater role in the global oil market.
Iran’s oil minister says the US withdrawal from the 2015 nuclear deal in May 2018 deprived his country from exports of around two billion barrel of oil, worth some 120 billion dollars.
Iranian President Hassan Rouhani has officially inaugurated the first phase of the 1,000-kilometre oil pipeline connecting Goreh in the west of Persian Gulf to Jask in its east, making Iran independent of the Strait of Hormuz for oil exports.
An explosion in an oil and gas pipeline station at Fath-ul-Mobin region of Shush County in Iran's Khuzestan province has killed three people and injured four others.
