Energy Policy

President Ebrahim Raisi said on Sunday that there should be mechanisms to expand and facilitate non-oil exports and bring back proceeds to the domestic economy. Speaking during a session of Economic Coordination Headquarters, Raisi pointed to currency obligations arising from exports, saying that barriers against fulfilling these obligations should be …

Iran produced 2.485 million barrels per day (bpd) of crude oil in July, registering a 28 percent increase compared to the same month in 2020, according to OPEC’s latest monthly report published on August 12. Based on secondary sources, Iran had produced 1.936 million bpd of crude oil in July …

Javad Owji, who is President Raisi’s suggested candidate for the Oil Ministry, has released a comprehensive program for the development of the country’s oil and gas industry during his tenure, Shana reported. The published plan is comprised of five separate sections including an introduction, some documents related to the oil …

Iran has not abandoned discussions between the 4+1 Group on Iran’s nuclear program in Vienna, Austria, the Spokesman of the Ministry of Foreign Affairs of Iran, Saeed Khatibzadeh said in a press conference, Trend reports citing the ministry. According to Khatibzadeh, if the US returns to its obligations under the …

Iran’s oil minister says the US withdrawal from the 2015 nuclear deal in May 2018 deprived his country from exports of around two billion barrel of oil, worth some 120 billion dollars. Bijan Zangeneh made the comments during a meeting with Secretary General of the Organization of the Petroleum Exporting …

The head of the Atomic Energy Organization of Iran (AEOI), Ali Akbar Salehi, stressed that the Iranian nuclear achievements are unique. Attending the opening of the Oil Ministry and the Atomic Energy Organization (AEOI) projects, Ali Akbar Salehi noted that the Atomic Energy Organization of Iran proved that it had …

Russia will perform its commitments within the OPEC+ oil production limiting agreement’s framework by about 100% in July, Deputy Prime Minister Alexander Novak told reporters on Friday. “It will be about 100%. We actually have no strong volatility in this aspect, approximately at the same level on a monthly basis. …

Iranian Minister of Petroleum Bijan Zanganeh on Sunday said that OPEC+ cannot turn a blind eye to the return of Iranian oil production to global markets after the imposed sanctions are removed. The Iranian Minister stated that the 18th session was procrastinated due to the UAE opposition 20 days ago. …

OPEC and its allies struck a deal to inject more oil into the recovering global economy, overcoming an internal split that threatened the cartel’s control of the crude market. An unusually public dispute that tested the group’s unity was resolved in a classic compromise — with Saudi Arabia meeting the …

OPEC+ members plan to hold their next meeting today, July 18, to decide on output policy, Reuters reported, citing sources within the producers group. The group did not reach an agreement on oil production policy, starting from August, during the two meetings held earlier this month, while a third meeting …