Tag Archives: 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 is launching hundreds of new filling stations to supply compressed natural gas (CNG) to motorists amid efforts to control the rising consumption of gasoline in the country. The Iranian Oil Ministry on Monday awarded contracts to two subsidiary companies of the Defense Ministry for launching some 400 CNG stations …

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 …

Iran’s natural gas exports in the current Iranian calendar year (started on March 21) increased by 16 percent compared to the previous year, according to the managing director of the National Iranian Gas Company (NIGC). According to Majid Chegeni, the country’s annual liquefied petroleum gas (LPG) exports also registered a …

China’s oil imports from Iran have been soaring in August so that the shipments are expected to reach 1.5 million barrels per day (bpd), the highest since 2013, Blomberg reported citing estimates from data intelligence firm Kpler. Based on the Kpler data, China shipped in 917,000 bpd of Iranian oil …

The National Iranian Gas Company (NIGC) has renewed and revised a contract with Armenia to increase the volume of natural gas exports to the landlocked neighboring country until 2030, Shana reported. The terms of the contract, under which Iran exports natural gas to Armenia in exchange for electricity, have been …

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: …