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 …
Read More »Export from Isfahan Province Increases 38% in 2 Months on Year
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 …
Read More »Iraq to Pay $2.76 Billion in Gas and Electricity Debt to Iran
Iraq has agreed to pay about $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, a senior Iraqi foreign ministry official said. Iraqi Foreign Minister Fuad Hussein was given the clearance during a meeting with U.S. Secretary of State Antony Blinken …
Read More »Iran Exports Non-Oil Goods Worth over $2.4b to China in 2 Months
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 …
Read More »Tehran will not Sign any Deal until IAEA Files Resolved
Iran will not sign a nuclear deal until all files at the International Atomic Energy Agency are resolved, the advisor to the Iranian negotiating delegation in the nuclear talks said. Seyyed Mohammad Marandi told Al Mayadeen that “Western governments were lying from the very beginning” about Iran’s nuclear activity, stressing …
Read More »IEA Says Iran’s Oil Output Hits 2.750mn in April
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, …
Read More »OPEC would Welcome Iran’s Return to the International Oil Market
OPEC will welcome the return of Iran to the international oil market once the U.S. lifts sanctions from Tehran, the secretary general of the cartel said. “We believe that Iran is a responsible player amongst its family members, the countries in the OPEC group. I’m sure there will be good …
Read More »Iran, Oman Agree to Jointly Develop Hengam Oilfield
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 …
Read More »NIOC: New Offshore, Onshore Hydrocarbon Exploration Operations Underway
The managing director of the National Iranian Oil Company (NIOC) has said vast exploration operations are underway on 140,000 square kilometers of offshore and onshore hydrocarbon reserves to discover new deposits, Shana reported. “Domestic firms, including the National Iranian South Oil Company (NISOC), NIOC’s Exploration Department, and the Oil Industry …
Read More »Iran to Definitely Produce Oil, Gas for next 100 Years
The National Iranian Oil Company (NIOC) managing director on Friday said the country, thanks to its present-day reserves, can produce oil and gas for the next 100 years. Mohsen Khojastehmehr made the remarks in his speech during a ceremony to commemorate the 115th anniversary of Iran’s first oil exploration in …
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