Energy Economy

Iran’s Oil Minister Javad Owji said on Friday the country plans to increase its crude production in the absence of any “green light” from the United States for exports, according to the Shana News Agency affiliated to the Iranian Oil Ministry. Making the remarks in the southwestern province of Fars, …

The first phase of the development project of the Tous Gas field in northeastern Iran was started in an official ceremony on Sunday, Shana reported. Located in Khorasan Razavi Province, Tous Gas field is going to produce three million cubic meters of gas on a daily basis in the first …

Iran’s oil minister, Mohammad Javad Owji reaffirmed Tehran’s commitment to its share in the Arash gas field in the Persian Gulf, vowing not to exceed the agreed-upon production levels. Owji expressed optimism regarding the resolution of issues concerning the Arash field through ongoing negotiations with Kuwait. He assured that Iran …

Iran continued to increase its oil production in August to reach three million barrels per day (bpd) and stand at the third place among OPEC top producers, according to figures released in the organization’s latest monthly report. OPEC data showed that Iran’s oil output increased by 143,000 bpd or five …

Iran’s exports of oil to China hit a historic record in August despite Washington pressure on Tehran, according to a report published in the local media citing data from a major international energy data company. The Sunday report by Fars news agency said Iran’s oil exports to China had reached …

Iran’s oil exports continued their upward trend in August to reach 1.85 million barrels per day (bpd), Bloomberg reported, citing TankerTrackers.com which provides data on oil cargoes to governments, insurers and other institutions. The increase in Iranian shipments comes in the same month that key OPEC+ producers Saudi Arabia and …

Iran’s oil minister said Iran’s oil production capacity has increased 40 percent with the rise in investment in semi-finished oil projects. Since the beginning of the administration of President Ebrahim Raisi (August 2021), increasing investment opportunities in the oil industry’s projects has been prioritized as one of the key factors …

Regarded as the most important gas project in the country, Phase 11 of the South Pars Gas Field was inaugurated in a ceremony in Assaluyeh, Iran’s southern province of Bushehr, on Monday with President Ebrahim Raisi and Oil Minister Javad Owji in attendance. Construction of Phase 11 of the South …

Non-oil commodities worth $1.738 billion were exported from Khuzestan province, in the southwest of Iran, during the first four months of the current Iranian calendar year (March 21-July 22), an official with the customs department of the province announced. Behrouz Qareh-Beygi put the weight of exported commodities at 6.572 million …

Iranian Energy Minister Javad Oji said on Monday that the country’s Supreme Economic Council has defined new projects with a total investment of $36 billion to improve energy consumption efficiency in various sectors, Shana reported. Speaking at the opening ceremony of the Iran Energy Efficiency Conference (IREEC 2023), Oji said: …