Iran oil

The latest news and views about the Iranian oil industry

Media Wire

Iran to develop oilfields near border with Iraq

IFP Media Wire -
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.
Economy

Iran to boost oil refining capacity

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

Raisi: OPEC Should Promote Member States’ Rights, Interests

IFP Editorial Staff -
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.
IFP Exclusive

‘US JCPOA Pullout Costs Iran 2bn Barrels in Oil Exports Worth $120bn’

IFP Editorial Staff -
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.
Featured News

Iran Inaugurates Major Pipeline to Bypass Strait of Hormuz for Oil Exports

IFP Editorial Staff -
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.
IFP Exclusive

Blast in Oil and Gas Pipeline in Southern Iran Kills Three

IFP Editorial Staff -
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.
IFP Exclusive

Iranian Oil Workers Go on Strike in Protest at Low Wages

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

Massive Fire Breaks Out at Tehran’s Oil Refinery

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

Iran to Build‌ Its Largest Oceanic Port in Sea of Oman: Minister

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

Iran’s Oil Exports Rising Despite Sanctions: Top Banker

IFP Editorial Staff -
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.
IFP Exclusive

Iran’s Oil, Natural Gas Industries Growing Considerably: Minsiter

IFP Editorial Staff -
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.
IFP Exclusive

Iran’s Energy Achievements Prove Failure of US Sanctions: VP

IFP Editorial Staff -
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.
IFP Exclusive

Iran’s Oil Exports Hit Record High amid Sanctions: Minister

IFP Editorial Staff -
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.
IFP Exclusive

Iran, Russia Agree on Technical Cooperation in Oil Sector: Minister

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

Too Soon to Talk about Iran’s Return to Oil Market: Minister

IFP Editorial Staff -
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.
IFP Exclusive

Iranian Minister to Visit Russia for Talks on Oil Market

IFP Editorial Staff -
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.
IFP Exclusive

Iran Needs No Permission to Return to Oil Market: Minister

IFP Editorial Staff -
Iran Needs No Permission to Return to Oil Market: Minister
IFP Exclusive

Iran’s Oil Sale to Hit 2.9 Million bpd If Sanctions Lifted: President

IFP Editorial Staff -
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.
IFP Exclusive

Iran to Sell 2.3 Barrels per Day of Oil Next Year: President

IFP Editorial Staff -
Iran’s president says the world should know that the country will sell its oil next year.
IFP Exclusive

Iran Puts into Service 3 Petrochemical Projects Worth $1bn

IFP Editorial Staff -
Iran has inaugurated several major petrochemical projects, taking yet another step toward meeting domestic needs.
Selected

Iran’s Oil Production Didn’t Stop Even a Single Day: Minister

Emad Askarieh -
The Iranian petroleum minister says the country’s crude production did not halt even a single day despite the coronavirus outbreak and the sanctions.
IFP Exclusive

Iran Says Welcomes Barter Oil Trade amid Sanctions

IFP Editorial Staff -
The Iranian petroleum minister says Tehran welcomes barter trade in the oil sector now that the country is under the harshest sanctions ever.
IFP Exclusive

Three Energy Megaprojects Come on Stream in Iran

IFP Editorial Staff -
Iranian President Hassan Rouhani on Monday inaugurated three national large projects in the oil, gas and petrochemical industries.
IFP Exclusive

‘Neither Tankers Nor Oil Cargo Seized by US Belong to Iran’

IFP Editorial Staff -
The Iranian president’s chief of staff says none of the oil tankers that have been recently confiscated by the US belongs to Iran, noting that their cargo had been already sold.
IFP Exclusive

Oil Shipment Seized by US Already Sold, Paid for: Iran

IFP Editorial Staff -
The Iranian oil minister says the shipment that the United States claims has seized contained Iranian petrol sold to customers.
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