Iran oil

Iranian naval forces have intercepted a foreign vessel carrying contraband fuel in waters off the country’s southern coast.

Iranian President Seyyed Ebrahim Raeisi says Tehran is pressing ahead with its oil sales program successfully.

Iran has been earning an average of around $1.3 billion per month in oil revenues despite sanctions imposed by the United States, a report shows.

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.

Iran’s Oil Minister Javad Ouji has said oil products exports from the Islamic Republic will resume within the next couple of weeks.

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.

Iran’s Oil Minister Javad Owji has announced that the country is planning to boost its petroleum refining capacity over the next four years.

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.

Thousands of Iranians working in the country’s energy industry have gone on strike over the past week in protest at low wages.

A massive fire has broken out at Tehran's Tondguyan oil refinery, creating a heavy black smoke in the south of the capital.

Iran is to construct an oceanic port in the Sea of Oman where the country’s largest oil terminal will be built.

The governor of the Central Bank of Iran (CBI) says the country is much better off when it comes to the export of oil and oil products compared to the past.

Iran’s petroleum minister says the country's oil and natural gas industries have developed tremendously since the victory of the 1979 Islamic Revolution of Iran.

Iran’s First Vice-President Es’haq Jahangiri says the country’s achievements in the fields of oil, gas, and petrochemicals indicate the failure of cruel sanctions against the Islamic Republic.

Iran’s oil minister says the country’s oil exports reached a record high in the history of the nation’s oil industry during the time Iran was under sanctions.

Iran’s oil minister says the country has reached an agreement with Russia for technical cooperation in the oil and gas sector.

Iranian Petroleum Minister Bijan Namdar Zangeneh, who is visiting Moscow to discuss the latest developments in the global oil market, says it is still too early to talk about Tehran’s return to the market.

Iran’s Minister of Petroleum Bijan Namdar Zangeneh will travel to Moscow on Sunday, December 20, for talks on the latest developments in the international oil market.

Iran Needs No Permission to Return to Oil Market: Minister

President Hassan Rouhani says Tehran will be selling up to 2.9 million barrels per day of oil in the next Iranian year if the sanctions are lifted, noting that the minimum daily crude sales will stand at 2.3 million barrels even if the sanctions remain in place.