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Iran government sold over $7bn worth of crude in year to March: Report
Apr 06, 2022 00:22The Iranian government had access to more than $7 billion worth of crude export revenues in the calendar year to late March, says a report published in the local media which indicates that the income helped the government avoid a hefty budget deficit which could exacerbate consumer price rises in the country.
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Climate change protesters blockade UK oil facility in latest action
Apr 04, 2022 08:35Climate change activists from the Extinction Rebellion group said on Monday they had blocked the entrance to an oil facility near London's Heathrow Airport on their fourth day of action.
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Iran’s oil exports increased by 40% at height of sanctions: NIOC
Apr 04, 2022 01:05The CEO of the National Iranian Oil Company (NIOC) says the country managed to increase its oil exports by 40 percent at the height of restrictive measures imposed by the United States to choke off Iran’s energy sales.
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Iran’s oil and gas reserves estimated at 1.2 trillion barrels: NIOC chief
Apr 03, 2022 01:20Iran has the equivalent of over 1.2 trillion barrels of oil and gas as a senior Oil Ministry official says the country will be able to tap those reserves for at least a century from now.
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Iran ends holiday season with daily gasoline use at above 120 mln
Apr 03, 2022 01:10Iran’s daily gasoline consumption continued to rise on last days of the Persian New Year holiday season ending April 2 despite warnings by government authorities that the growing use may cause the country to resume imports of the fuel nearly a decade after domestic production reached a point of self-sufficiency.
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Minister: Iran's oil production has reached pre-sanction levels
Apr 01, 2022 07:06Minister of Petroleum Javad Owji says Iran’s oil production has reached pre-sanction levels, as the country teams up with new customers to export its oil in defiance of the most draconian sanctions imposed by the United States.
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Biden administration weighs largest ever draw from emergency oil reserve: Sources
Mar 31, 2022 02:22US President Joe Biden is expected to announce a massive release of the country’s strategic oil reserves on Thursday, as the White House tries to lower fuel prices.
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Iran’s oil exports up 40% as US tanker seizure campaign fails
Mar 31, 2022 00:37Iran’s crude oil exports have surged 40% since August when the new administration came to office, the CEO of the National Iranian Oil Company (NIOC) says, adding gas condensate sales have grown 250%.
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Iran’s annual non-oil trade hits $100 billion record
Mar 28, 2022 00:38The value of Iran’s non-oil trade exchanges in the previous Iranian year (ended on March 20) hit a record high of $100 billion, a deputy minister announced.
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Iran ready to cover India's oil needs, ambassador says
Mar 19, 2022 09:43Iran says it is willing to meet the energy security needs of India, the world's third biggest oil importer and consumer.