Crude Oil

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The transmission of crude oil and petroleum products across Iran has increased by 4.5 percent in the first nine of the current Iranian calendar year (March 21-December 21, 2023) as compared to the same period last year, the acting head of the Iranian Oil Pipeline and Telecommunication Company (IOPTC) said.
News ID: 11244    Publish Date : 2024/02/28

Iran produced 3.115 million barrels per day (bpd) of crude oil in October, registering a 46,000-bpd increase compared to the previous month, according to OPEC’s latest monthly report.
News ID: 11187    Publish Date : 2023/11/18

Figures show that the demand for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia and as Tehran is stepping up its oil output and exports.
News ID: 11169    Publish Date : 2023/09/19

The European Union's statistics office Eurostat announced the import of Iranian oil by three European Union (EU) members in 2022, and introduced Bulgaria as the newest customer of Iranian oil in this union, IRNA reported on Sunday.
News ID: 11117    Publish Date : 2023/04/26

Iran’s oil production in 2022 increased seven percent compared to the previous year, according to OPEC’s first monthly report released in 2023.
News ID: 11055    Publish Date : 2023/01/19

Iranian heavy oil price decreased by $5.39 in August to register a five-percent fall compared to the previous month, according to OPEC’s latest monthly report published on Tuesday.
News ID: 11004    Publish Date : 2022/09/20

Hojjatollah Abdolmaleki, the minister of cooperatives, labor, and social welfare, has praised the performance of the National Iranian Tanker Company (NITC) during a visit to the 26th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2022).
News ID: 10724    Publish Date : 2022/05/17

Iraq has reached new agreements with Iran on the supply of natural gas from the country, according to the spokesman of the country’s Ministry of Electricity.
News ID: 10716    Publish Date : 2022/05/10

Iran’s oil exports have increased by 40 percent in recent months and the oil, gas, condensate and oil products export revenues are expected to reach $35 billion by the end of the current Iranian calendar year (March 20), Shana reported on Sunday.
News ID: 10558    Publish Date : 2022/02/02

National Iranian Oil Company (NIOC) plans to increase the country’s crude oil production capacity to 5.7 million barrels per day (bpd) over the next eight years, Karim Zobeidi, NIOC’s director of corporate planning, said.
News ID: 10547    Publish Date : 2022/01/27

Managing Director of National Iranian Oil Company (NIOC) has said his company is going to benefit from the potentials of the country’s private sector to maximize oil and gas condensate sales in the future, Shana reported.
News ID: 10450    Publish Date : 2021/10/17

The construction of the offshore oil pipeline of the Jask crude oil export terminal has been completed, the operator of Jask oil terminal project in southern Iran announced.
News ID: 10293    Publish Date : 2021/08/15

The director of the Goreh-Jask oil transfer project’s storage tanks said that according to the planning done for Makran region, 10 million barrels of storage capacity will not definitely meet the need in the future, so increasing storage capacity in the second and third phases is inevitable.
News ID: 10262    Publish Date : 2021/08/06

Iran produced 2.084 million barrels per day (bpd) of crude oil in January, registering a 62,000-bpd increase compared to the last month of 2020, according to OPEC’s latest monthly report published on Thursday.
News ID: 10165    Publish Date : 2021/02/12

Three major petrochemical projects with a total investment of $1.6 billion were inaugurated in southern Bushehr and western Lorestan provinces on Thursday.
News ID: 9805    Publish Date : 2020/08/09

The output of Iranian petrochemical production units in the first 50 days of the current Iranian calendar year (started on March 19) increased by six percent compared to the previous year’s same period, Shana reported.
News ID: 9511    Publish Date : 2020/05/17

Republican US senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
News ID: 9128    Publish Date : 2020/04/12

Non-Opec producer Oman has already instructed all operators and oil producers in the sultanate to cut crude oil output for two months beginning 1 May, in line with its commitments under yesterday's Opec+ production restraint agreement.
News ID: 9115    Publish Date : 2020/04/13

National Iranian Oil Company (NIOC) is following a program to renovate all the country’s old and worn-out oil facilities, IRNA reported quoting a senior official with the company.
News ID: 8911    Publish Date : 2020/02/21

Iran produced 2.086 million barrels per day (bpd) of oil in January, a 9,000-bpd decrease from 2.095 million bpd in December 2019, according to OPEC’s latest monthly report published on Wednesday.
News ID: 8440    Publish Date : 2020/02/15

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