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Russian oil exports hit post-war high despite sanctions: IEA
May 16, 2023 14:00Russia's oil exports have hit its highest level since the start of the Ukraine war, increasing its revenues by $1.7 billion despite Western sanctions, the International Energy Agency says.
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Iran denies being paid in African currencies for oil exports to China
May 15, 2023 05:18The Iranian Oil Ministry has denied a report suggesting that it is being paid in African currencies for oil exports to China, saying the claim is just an attempt to undermine Iran’s success in ramping up oil exports in recent months despite the continued pressure of US sanctions.
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Iran among world’s leading countries in development of oil pipelines despite sanctions: Report
May 14, 2023 05:58A US research institute said Iran has ranked first in the world in terms of development of oil pipelines in spite of the sanctions imposed against the country.
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Iran, Iraq sign petroleum deal that puts gas first
May 12, 2023 04:39Iran and Iraq have signed a major petroleum cooperation agreement amid expanding ties between the two energy-rich neighbors.
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Iran’s petrchem output to rise by 14.2% until March
May 03, 2023 05:40Iran has plans to increase its total annual production of petrochemicals by some 14.2% in the calendar year to late March, according to a senior official in the state-run National Petrochemical Company (NPC).
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Iran seeks oil partnerships to boost investment: Leader's aide
May 03, 2023 05:16Iran is seeking partnerships with other countries to boost investment in its oil sector, according to a senior aide to Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei.
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Iran losing $4 bn a year to fuel smuggling: Report
May 01, 2023 05:03Extensive fuel smuggling across Iranian borders is leading to an estimated loss of $4 billion per year for the country, according to findings of a report in the local media.
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President: Oil industry must enjoy updated knowledge
Apr 28, 2023 13:37President Seyyed Ebrahim Raeisi has said that the relationship between the knowledge-based companies and the administrative bodies, including the Oil Ministry must be shored up.
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Iran has good chance of returning to EU oil markets: Expert
Apr 27, 2023 05:07Iran can build up its presence in oil markets in south and east of Europe amid lower Russian supplies to the region, according to a senior industry expert.
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EU states importing Iranian oil despite US sanctions
Apr 24, 2023 04:41Three European Union (EU) countries imported oil from Iran in 2022 despite US sanctions that impose penalties on governments and entities involved in energy trade with Iran.