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Official: Iran signs $80 billion of oil deals with foreign investors
Apr 03, 2023 08:25Iran has signed more than $80 billion of memorandums of understanding with foreign investors to participate in the financing of oil projects, of which more than $5 billion have been converted into contracts, Deputy Minister of Petroleum Houshang Falahatian says.
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Iran oil exports up 0.76% to 2.65 mln bpd in February: IEA
Mar 29, 2023 02:46Latest figures by the International Energy Agency (IEA) show that Iran continued to increase its oil exports in February despite the US sanctions.
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Iran seeks $160 billion of investment to raise oil, gas production
Mar 27, 2023 11:57Iran plans to increase its oil and gas production capacity by 50%, the head of the National Iranian Oil Company (NIOC) says.
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President inaugurates expansion project in Abadan Refinery
Mar 20, 2023 10:06President Seyyed Ebrahim Raeisi traveled to the country's southwest province of Khouzestan on Monday to inaugurate a new expansion project at the Abadan Refinery.
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Iran self-sufficient in constructing oil, gas refineries
Mar 20, 2023 09:58Iran has become self-sufficient in constructing oil and gas refineries, said Oil Minister Javad Owji on Monday.
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Iran says ready for new investment in its oil sector
Mar 20, 2023 03:43The Iranian Oil Ministry has issued a statement saying that it would welcome any offer for foreign investment in its oil and gas projects.
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Iran’s largest refinery restoring output to pre-war years
Mar 16, 2023 14:13Iran is to launch a new expansion phase in its flagship refinery in Abadan to restore output in the facility to levels seen before the Iran-Iraq war.
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Iran’s Energy Exchange reports record sale of LPG shipments
Mar 15, 2023 03:19Iran Energy Exchange (IRENEX) has reported a yearly record sale for three shipment of liquefied petroleum gas (LPG) amid reports suggesting Iran’s hard currency revenues from LPG exports have increased significantly in recent months.
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Iran unveils plan to issue $6bn worth of oil bonds
Mar 13, 2023 02:59Iran’s Oil Ministry has unveiled a plan to issue some $6 billion worth of oil bonds in a first such move in the history of the country which would allow supply of oil to domestic customers.
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Iran’s oil exports to increase in coming months: Minister
Mar 06, 2023 08:55Iranian Oil Minister Javad Owji says crude oil exports from the country will further increase in the upcoming months despite the growing pressure of the US sanctions on the Iranian energy sector.