Iranian flag oil tanker carrying about one million barrels of crude oil entered Venezuelan waters, Reuters reported. The Reuters news agency reported based on a shipping document on Monday that the third oil cargo from Naftiran Intertrade Company limited (NICO) is being delivered to Petróleos de Venezuela, S.A. (PDVSA), a …
Read More »Iran Oil Exports Remain above 1m bpd
Iran continued to export more than one million barrels of oil per day (bpd) in the two first months of new Iranian calendar year (March 21 – May 21). The Oil Ministry of the Islamic Republic of Iran has announced that thanks to the boost of oil revenues, the administration …
Read More »Iran’s NIOC and Russia’s Gazprom Agree to Broaden Cooperation
Managing director of the National Iranian Oil Company (NIOC) and top managers of Russia’s Gazprom Company emphasized here on Friday to expand cooperation in energy field. The agreement was signed in a meeting between NIOC Managing Director Mohsen Khojastehmehr and top managers of Russia’s Gazprom on the sidelines of the …
Read More »Iran to Increase Gas Production in South Pars Phase 11
An official with the National Iranian Oil Company (NIOC) revealed that Phase 11 of the South Pars Gas Field is expected to generate 14 million cubic meters of gas per day by the end of current Persian calendar year (March 20, 2023). According to IRNA, Karim Zobeidi, NIOC’s director of …
Read More »Iran Increases Oil Production in Persian Gulf despite Sanctions
Finalization of the fixation project by the Sahar 2 offshore rig in Resalat Field is another step to increase the production capacity of the Iranian Offshore Oil Company in the Lavan operational area. The Sahar 2 offshore rig left Resalat Field to Kharg operational area, following its successful performance in …
Read More »Iran Oil Export to China Surges
The Islamic Republic of Iran has exported 337 million barrels of oil to China since the start of 2021 and the price of each barrel increased from 56 dollars to 97 dollars during this period, so the average oil price shows Tehran has not sold oil in cheap price. An …
Read More »Iran’s Oil Production Reaches Pre-Sanctions Level
Iran’s oil exports have seen a 40-percent rise and the capacity of oil production has reached pre-sanctions level despite sanctions and economic pressure, the CEO of National Iranian Oil Company (NIOC) said on Sunday. Mohsen Khojasteh-mehr said that Iran is in the first place of the world in aggregate oil …
Read More »Iran Makes due Studies on Developing, Drilling in Arash Gas Field
Iran’s Petroleum Ministry has undertaken necessary studies on developing and drilling in Arash joint gas field with Saudi Arabia and Kuwait, an Iranian official announced. The Iranian Ministry has also prepared the ground for development of Arash or Durra gas field, Ahmad Assadzadeh, deputy petroleum minister for international and commercial …
Read More »Iran Acts According to Intl’ Rules of IAEA
Vice President and Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami said that political influences outside the framework of rules and regulations of the International Atomic Energy Agency (IAEA) can not affect Iran ties, underlining that Tehran always acted according to international rules of International Atomic Energy …
Read More »IAEA Chief in Tehran to Resolve Nuclear Issues
Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi arrived in Tehran to resolve issues regarding safeguards agreement. Upon his arrival, Grossi was welcomed by the spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi. During his stay in Tehran, Grossi is to confer with Iranian …
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