Tuesday, 16 April , 2024
Oil Production Archives - Iran News Daily
Iranian oil production hits 2018 high of 3.15m bpd: survey 04 Oct 2023

Iranian oil production hits 2018 high of 3.15m bpd: survey

The Islamic Republic of Iran has managed to push its oil output to 3.15 million barrels per day (bpd), the highest since 2018, the year Washington re-imposed sanctions on Iran, according to Reuters surveys and separate figures from OPEC.

Revival of Oil Production Capacity by 1.5m Barrels in Only 6 Months 28 Jun 2023

Revival of Oil Production Capacity by 1.5m Barrels in Only 6 Months

Head of the National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr says with reimposition of sanctions and halt in the JCPOA during the previous government and lack of timely repair of oil installations, the oil production capacity of the country declined by over one million barrels but in the beginning of the 13th government and only with $500m, they could restore and revive the lost capacity in just 6 months.

Iran to Increase Oil Production to 6.5 mb/d 01 Jun 2021

Iran to Increase Oil Production to 6.5 mb/d

Iran's oil minister says increasing oil production brings economic and security power, said:" We can easily increase oil production to 6.5 million barrels per day."

No Halt in Iran’s Oil Output amid Pandemic: Minister 14 Oct 2020

No Halt in Iran’s Oil Output amid Pandemic: Minister

The outbreak of the coronavirus did not halt Iran’s oil production for even one day, Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday.

Sponge Iron Output Rises 11% in 4 Months 13 Aug 2020

Sponge Iron Output Rises 11% in 4 Months

The output of sponge iron and crude steel production increased by 11 percent and eight percent respectively during the first four months of the current Iranian year.

Iran Complying with OPEC+ Quotas 11 Jul 2020

Iran Complying with OPEC+ Quotas

A former Iranian OPEC governor rejected claims by authorities in crude-producing countries that output of oil in Iran has exceeded a limit set by the Organization of Petroleum Exporting Countries and allies, a grouping known as OPEC+.

US Oil Companies Cutting Production Faster Than Expected 08 May 2020

US Oil Companies Cutting Production Faster Than Expected

The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday.

Esfahan Refinery to increase Euro-5 diesel production 27 Apr 2020

Esfahan Refinery to increase Euro-5 diesel production

Chief Executive of Esfahan Oil Refining Company on Monday said that plans are underway to increase Euro-5 diesel production volume to 20 million liters.

Oil low on demand, warning situation 16 Apr 2020

Oil low on demand, warning situation

Oil languished at multi-year lows on Thursday, with WTI crude remaining around $20 a barrel as dire warnings about a virus-triggered demand shock overshadowed a deal to cut output.

Iran supports OPEC latest plan 09 Feb 2020

Iran supports OPEC latest plan

Iran supports the plan for deeper crude oil cuts by the Organization of the Petroleum Exporting Countries (OPEC). if the majority agrees.