Iran produced 3.058 million barrels per day (bpd) of crude oil in September, registering a 15,000-bpd increase compared to the previous month, according to OPEC’s latest monthly report. Based on secondary sources, Iran produced 3.043 million bpd of crude oil in August. The Islamic Republic’s average crude output for the …
Read More »Iran Begins Developing New Gas Field in Northeast
The first phase of the development project of the Tous Gas field in northeastern Iran was started in an official ceremony on Sunday, Shana reported. Located in Khorasan Razavi Province, Tous Gas field is going to produce three million cubic meters of gas on a daily basis in the first …
Read More »Iran Becomes 3rd Top Oil Producer among OPEC Members
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 …
Read More »Iran’s Oil Export Continues Upward Trend in August, Surging 54%
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 …
Read More »Iran’s Natural Gas Export Rises 16%
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 …
Read More »Khuzestan Province’s 4-Month Non-Oil Exports Exceed $1.7b
Non-oil commodities worth $1.738 billion were exported from Khuzestan province, in the southwest of Iran, during the first four months of the current Iranian calendar year (March 21-July 22), an official with the customs department of the province announced. Behrouz Qareh-Beygi put the weight of exported commodities at 6.572 million …
Read More »China’s Iranian Oil Imports Hit 10-Year Record High
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 …
Read More »Iran Extends Gas-for-Electricity Swap Deal with Armenia
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 …
Read More »Oji: $36b of Projects Defined to Improve Energy Efficiency
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: …
Read More »Iran’s LPG Export Increasing
The managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) announced about the increasing trend of Iran’s liquified petroleum gas (LPG) export. Making the remarks in a press conference on Saturday, Jalil Salari said that currently, about five billion liters of liquid fuel have been stored in …
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