Energy Economy

National Iranian Drilling Company (NIDC) dug and completed the digging operations of 27 oil and gas wells during the first 100 days of the current Iranian calendar year (March 21-June 30), the company’s managing director said. According to Hamidreza Golpayegani, the drilled wells consisted of two development, and 25 workover …

The latest data released by the Energy Information Administration of the United States (EIA) shows that Iran has exported $19 billion of crude oil in the first five months of 2023. The EIA said in its latest report said that the total oil export of 13 OPEC members in the …

According to the Islamic Republic of Iran Customs Administration (IRICA), the country’s non-oil trade in the first three months of the current Persian calendar year (March 21 to June 22) reached $26.5 billion. Some 35.5 million tons of goods, valued at $12.5 billion, with crude oil kerosene, fuel oil and …

The cooperation between Iran and Qatar in the field of energy can turn the two countries into gas and energy hubs in the region, the Iranian Vice-President said. The government of the Islamic Republic of Iran is pleased with the stability and internal and international progress of the government of …

Iran’s oil minister said on Friday that the country’s oil products and exports have climbed in spite of harsher sanctions. Javad Owji said in an interview with the IRNA news agency that the promotion of energy diplomacy and relations with Asian, African, and Latin American countries has helped Iran create …

Iran’s crude exports and oil output in 2023 have hit new highs despite US sanctions, according to consultants, shipping data and a source familiar with the matter, according to a report by Reuters. The Friday report by the Reuters news agency said Iranian crude shipments continued to rise in 2023 …

The value of non-oil export from Isfahan province increased by 38 percent during the first two months of the current Iranian calendar year (March 21-May 21), as compared to the same period of time in the past year, the director-general of the customs department of the province announced. Rasoul Kouhestani-Pajouh …

Iran exported non-oil commodities valued at $2.418 billion to China during the first two months of the current Iranian calendar year (March 21-May 21), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced. Mohammad Rezvani-Far said that China was the top export destination of Iranian non-oil goods …

The International Energy Agency (IEA) announced in its latest report that Iran’s crude production volume reached 2.75 million barrels per day (bpd) in April. According to the report, Iran’s daily oil production increased 60,000 barrels of oil per day (bpd) in in the fourth month of 2023, according to which, …

Iran and Oman have signed an agreement on their joint study on the shared Hengam Oilfield in the Strait of Hormuz, the Persian Gulf. The agreement was signed in the presence of President Ebrahim Raeisi and Oman’s Sultan Haitham bin Tariq Al Said in Tehran on Sunday, the Oil Ministry’s …