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New oil terminal gives Iran greater geopolitical power
Jul 28, 2021 11:53A new oil exports terminal which Iran inaugurated on the Sea of Oman last week cuts travel time by five days, sharply reducing transportation expenses, its head says.
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High oil prices won’t benefit producers in long-run: Zanganeh
Jul 18, 2021 16:56Iran’s Oil Minister Bijan Namdar Zanganeh says rising international oil prices won’t benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.
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OPEC members concerned how Iran will return to oil market: Minister
Jul 01, 2021 18:40Oil Minister Bijan Namdar Zanganeh says that some members of the Organization of Petroleum Exporting Countries (OPEC) are concerned about how a return of Iranian supplies to the international markets would affect the prices.
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Firms in Iran on stand-by to ramp up oil production
Apr 27, 2021 14:43Largest oil producing company in Iran says it is ready to raise production to levels above its output in 2018 when the US illegally targeted the Islamic Republic’s oil industry with the most aggressive sanctions ever.
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Oil extend losses into 3rd day on US stock build, pandemic fears
Apr 22, 2021 10:13Oil prices extended their losses into a third day on Thursday as a surprise build-up in US crude inventories and a resurgence of COVID-19 cases in India and Japan fuelled fears that a recovery in global economy and fuel demand may be stalled.
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Oil hits one-month highs as IEA, OPEC raise forecasts
Apr 15, 2021 10:57Oil prices increased on Thursday to the highest level in almost a month, after rising 5% in the previous session.
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Iran earned less than $20bn from crude exports in 2020: CBI chief
Jan 08, 2021 06:58Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the country earned less than $20 billion from crude exports in 2020 as sanctions imposed by the US continued to affect shipments.
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Trump failed to reduce Iran oil exports to zero: President Rouhani
Dec 06, 2020 17:53President Hassan Rouhani said despite the economic war launched by the administration of US President Donald Trump against Tehran, Washington has failed in its efforts to shrink the Islamic Republic’s oil exports to zero.
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Iran’s refining capacity up by 24%, second largest in OPEC: Report
Oct 11, 2020 15:42Iran’s capacity for refining crude and other products has increased by nearly a fourth in four years to 2020 to become the second largest in the Organization of Petroleum Exporting Countries (OPEC).
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Venezuela’s special envoy lauds Iran for fuel shipments
Jul 07, 2020 07:06A special envoy of the president of Venezuela visited Tehran to express his country’s gratitude to Iran for freighting several consignments of gasoline and supporting the Latin American nation in the struggle with the US imperialism.