Iran exported more than 2,28 million barrels of crude oil per day and more than 330,000 barrels of gas condensate in June. According to the statistics for June, 2018, Iran exported more crude oil this year compared to the same period last year. The country exported 2.11 million bpd last June, indicating more than 150,000 […]

 Ministry of Industry, Mine and Trade reported that 18.8 million tons of non-oil goods, valued at $7.7 billion, were exported from the country in the first two months of the current Iranian calendar year in 1397 (March 21-May 21), showing a considerable 4.8 and 21.9 percent growth in terms of weight and value respectively as […]

Iranian Minister of Cooperative, Labor and Welfare Ali Rabiee shrugged of the US government’s recent attempts to remove Iranian oil exports from global market and said the world cannot go without Iran’s oil. In remarks released on Saturday, Rabiee highlighted the significance of Iran’s oil exports and said the issue is important to the country. […]

Deputy Oil Minister for Research and Technology Affairs Eng. Habibollah Bitaraf said that oil industry accounts for 70 share in export portfolio of the country. Physical Assets Management Manual of the oil industry compiled and notified in 2014, so that manual of its national standards is on the agenda, he opined. Speaking in the 1st […]

Deputy Ministry of Oil for Engineering, Research and Technology Affairs Habibollah Bitaraf put crude oil value exported from Iran in the past Iranian calendar year in 1396 (ended March 20, 2018) at $50 billion. Total export currency revenues of the country in the past year hit about $90 to $95 billion, $50 billion and $20 […]

 Indian officials announced that payment of oil money to Iran through European banks is ‘impossible’. In a session held in the presence of French, German and UK bankers, payment of oil money to Iran via European banks is relatively ‘impossible’. Several Indian governmental sources announced that India intends to revive a mechanism for oil payments […]

 Iranian Oil Minister Bijan Namdar Zanganeh said Iran will take measures and act based on the resolution adopted by the Organization of Petroleum Exporting Countries (OPEC) in its recent meeting. Some countries want to give a positive signal either to the market or the US, so that this issue has nothing to do with OPEC’s […]

TEHRAN- India’s imports of oil from Iran increased to about 705,000 barrels per day (bpd) in May, which is the highest level since 2016, Reuters reported citing the data from shipping and industry sources. The rise in oil imports came as refiners raised purchases despite the U.S. sanctions against Tehran, the report said. Imports of […]

TEHRAN- According to OPEC’s latest monthly report published on June 12, oil production in Iran stood at about 3.829 million barrels per day (bpd) in May, an increase of 6,000 bpd from 3.823 million bpd in April, based on secondary sources. The OPEC’s report also announced Iran’s oil output based on direct communication. It said […]

 The monthly OPEC report says Iran’s crude oil production averaged 3.80mn bpd (million barrels per day) in May, near a nine-year high. Iran’s output increased after the US lifted the sanctions in January 2016. Iran’s crude oil exports reached 2.7 mn bpd in May—the highest level since the sanctions were lifted. Brent and WTI oil prices […]