Commander Warns U.S. Over Unloading Iranian Oil From Seized Tanker
The commander of the Islamic Revolution Guards Corps (IRGC) Navy has warned that any oil company unloading hundreds of thousands of barrels of seized Iranian oil sitting in a Greek tanker off the coast of Texas would be held accountable.
68 Semi-Finished Projects to Go on Stream by Mid-March 2024
Oil Minister said 68 semi-finished projects worth $15 billion will be put into operation by the end of the current Iranian calendar year (March 19, 2024).
Oil Deals Worth $40b Signed in 20 Months
Iran Oil Minister said his country has signed contracts worth $40 billion with domestic and foreign companies since 20 months ago.
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 Oil Exports on Rise Despite Sanctions
Iran’s oil minister said that the country’s oil products and exports have climbed in spite of harsher sanctions.
Tehran, Moscow Make Progress on New Oil, Gas Projects in Iran
Tehran and Moscow have made progress regarding the participation of Russian companies in new oil and gas projects in Iran, Russian Deputy Prime Minister Alexander Novak said during talks with Iranian Oil Minister Javad Owji.
Over 200 Foreign Companies to Partake in Iran Oil Show
More than 200 foreign companies from 13 countries will participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, aka Iran Oil Show 2023, the oil Ministry’s public relations director announced here.
Chinese private refineries buying more oil from Iran
Chinese private refineries are buying more Iranian oil as competition for supplies from Russia rises, Bloomberg reported.
Iran Seeks $160b of Investment to Raise Oil, Gas Production
Iran plans to increase its oil and gas production capacity by 50%, the head of the National Iranian Oil Company (NIOC) says.
A New Refinery to Open in Upcoming Days
Oil Minister reports about opening a new refinery in the coming days, which is capable of producing 21,000 barrels of petro-products per day.