Iran’s Oil Minister Javad Owji Wednesday said OPEC+ decided to cut its output amid growing pressures from the U.S. for a rise.
Saudi Arabia…
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President Seyyed Ebrahim Raeisi here on Tuesday said Iran’s oil and gas production witnessed a nine percent growth in the past Iranian calendar year, which ended on…
Former OPEC affairs head of the Iranian Ministry of Petroleum cited two economic and political factors as main reasons behind the recent OPEC+ surprise decision to cut…
The head of Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) announced the construction of 110,000 solar power plants with a capacity of five kilowatts (KW) for…
Iran’s foreign debt stood at about $6.5 billion at the end of the tenth month of the past Iranian calendar year 1401 (January 20), down 25.15 percent…
The SeaPad logistics platform is located 105km off Assaluyeh, which is tasked with providing logistic and operational support to 18 South Pars platforms that totally produce 350…
National Iranian South Oil Company (NISOC) is planning to enhance production within the framework of short-term annual plans. Given NISOC’s 80% share in Iran’s oil production, planning…
The volume of trade between Iran and Iraq hit $9 billion in the past Iranian calendar year (ending on March 21) showing a roughly 20% increase in…
The increase in export and the new record in producing crude oil despite the economic sanctions on Iran are among the achievements of the Raisi administration, an…
The National Iranian Oil Company (NIOC) managing director here on Wednesday said gas production in South Pars (SP) Phase 11 will begin this year.
The managing director National Iranian Drilling Company (NIDC) referred to the influential role of this company in the country’s oil and gas production process, and said one…
The latest International Energy Agency (IEA) figures show crude oil production in sanctions-hit Iran reached 2.65 million barrels per day (mbd) in February.
Based…
Zagros Petrochemical Company in Bushehr Province, southern Iran, is among the five largest methanol producers of the world, as it has an annual production capacity of 3.3…
Sanctions imposed by the enemy have failed and will fail to paralyze Iran’s largest supplier of energy and foreign currencies – the Ministry of Petroleum.
The National Iranian Oil Company (NIOC) managing director here on Sunday said a 160-billion-dollar investment is required to increase the country’s oil and production capacities by 50…
Iran’s thermal power plants’ electricity generation capacity increased by 1,035 megawatts (MW) in the past Iranian calendar year 1401 (ended on March 20), an official with the…
Average daily gasoline consumption in Iran rose 11 percent in the past Iranian calendar year 1401 (ended on March 20), according to the managing director of the…
Iranian Oil Minister Javad Oji said that a new record high will be reached in the country’s oil export in the current Iranian calendar year 1402 (began…
Zagros Petrochemical Company in southern Iran is among the five largest methanol producers of the world.
Having an annual production capacity of 3.3 million…
National Iranian Drilling Company (NIDC) dug and completed the digging operation of 99 oil and gas wells during the past Iranian calendar year 1401 (ended on March…