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Iran completes 33 oil projects worth $12b in 2 years
Aug 25, 2023 11:34Iranian Minister of Oil Javad Owji has announced that 33 unfinished oil projects have been completed with an investment of 12 billion dollars under the administration of President Ebrahim Raeisi.
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Iran’s oil output to reach 3.5 mln bpd by late September: NIOC chief
Aug 10, 2023 03:57Iran will reach a milestone oil production figure of 3.5 million barrels per day (bpd) in late September, according to the CEO of state oil company NIOC, despite sanctions imposed on the country by the US.
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Oil giant Saudi Aramco’s Q2 profits sink 38% amid lower crude prices
Aug 07, 2023 10:03Saudi Aramco oil giant has declared a significant decline in its second quarter profits this year amid falling oil prices and thinner margins in refining and chemicals.
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Iran commends Oil Ministry measures to raise exports
Aug 04, 2023 05:21President Seyyed Ebrahim Raeisi has hailed Oil Minister Javad Owji and his staff for efforts that led to a major increase in Iran's oil exports in the year to late March.
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President: Unity within OPEC will foil Western plots to sow discord
May 27, 2023 12:25President Seyyed Ebrahim Raeisi of Iran has warned against a Western plot to sow discord among the member states of the Organization of the Petroleum Exporting Countries (OPEC).
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New oil terminal gives Iran greater geopolitical power
Jul 28, 2021 07:23A 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 12:26Iran’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 14:10Oil 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 10:13Largest 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 05:43Oil 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.