Iran's oil production increased by 28,000 barrels in March 2024, marking the largest increase among OPEC members, according to the Monthly Oil Market Report.
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The economy ministers of more than 30 African countries are expected to take part in the second Iran-Africa summit which is scheduled to be held in Tehran on April 26.
The provision of foreign exchange funds for the Oil Ministry’s projects in collaboration with the Central of Bank of Iran (CBI) will be put on the agenda, said Oil Minister Javad Owji on Wednesday.
The poster of the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition having the moto “Oil Industry; Surge in Production, Technological Optimization” was unveiled on Wednesday.
Iran’s Oil Minister Javad Owji, in an X post, wrote on Tuesday his country’s foreign exchange revenues will hopefully increase in 1403 (Iranian year).
Pakistan's "Jeo News" TV has announced the start of the construction of a pipeline to transfer Iran's gas to Pakistan in this country's territory.
Iran’s government spokesman said on Tuesday no gas supply cuts thanks to inauguration of new phases of the South Pars (SP) field and consumption management have been reported since the 13th administration took office in August 2021.
Managing Director of the National Iranian Gas Company (NIGC) Majid Chegini has said that Iran has increased eight percent in supply of gas to the country’s petrochemical complexes despite sanctions.
A number of Iranian lawmakers hailed the 13th administration’s performance in the energy sector.
The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch.
Iran’s National Petrochemical Company (NPC) managing director said on Sunday workshops will be formed to realize the slogan of 1403 solar year (starting March 20, 2024) designated by the Leader as the year of “Surge in Production Through People’s Participation”.
Iran’s trade with neighboring Iraq registered a 30 percent growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024), according to an official with Iran’s Trade Promotion Organization (TPO).
A member of Iran’s Parliament said increasing investments, development of oil fields, and infrastructure measures in the oil industry are among promising economic moves.
Managing director of Iranian Central Oil Fields Company (ICOFC) said on Saturday that the development of the Mokhtar gas field in southwestern Iran will begin soon, Shana reported.
Iran last year became the biggest West Asian supplier of Liquefied petroleum gas (LPG), with exports surging 28 percent to over 11 million tons, according to an analysis of ship tracking data and market intelligence by consultancy Facts Global Energy (FGE).
Iran’s oil minister said on Friday the resistance front’s actions in vital crossings have deterred energy exports to the occupied Palestinian territories.
Iran’s Plan and Budget Organization (PBO) chief posted on X, formerly known as Twitter, that the country’s 5.4 percent economic growth in 2023 reported by the International Monetary Fund (IMF) was the second-highest rate in the world.
Iran welcomes Turkish companies’ participation in projects of its oil industry, said Oil Minister Javad Owji on Thursday.
The National Iranian Oil Company (NIOC) says the country has discovered shale oil deposits in 10 different locations across the country.
Gas consumption in Iran increased by seven billion cubic meters in the past Iranian calendar year 1402 (ended on March 19), the head of the state-run National Iranian Gas Company (NIGC)’s Dispatching Department announced.