Iran Oil Revenues Increase by 580%
The economic spokesperson of the government announced a 580% increase in the income from the exports of oil and in gas condensate in the 4 months of this Iranian calendar year, compared to the same period last year.
Number of oil, gas wells dug by NIDC rises 25% in 4 months yr/yr
The number of oil and gas wells dug by National Iranian Drilling Company (NIDC) since the beginning of the current Iranian calendar year (March 21) has increased by 25 percent compared to the same period last year, according to the NIDC head.
Iran eyeing new destinations for oil shipments: NIOC
The managing director of the National Iranian Oil Company (NIOC) has said Iran is looking into potential new destinations for the country’s oil cargoes to diversify the list of oil buyers, IRNA reported
$160b on Offer in Iran Oil Show for Investment
Iran has offered a chance to participants in the 26th International Oil, Gas, Refining and Petrochemical Exhibition to channel $160 billion in investments in the upstream sector of the country’s oil industry, said a high-ranking official in Tehran.
Iran Can Double Oil Exports From Kharg Island
The CEO of the National Iranian Oil Company says Iran has the potential to double the crude oil exports from Kharg Island in the southern part of the country.
From oil slicks to trawling: Persian Gulf under pressure
The Persian Gulf has been affected by economic, political, and industrial goals over the past centuries and its ecosystem is at the knifepoint of many environmental threats, the most important of which are oil spills and trawling.
Iran Oil, Gas Reserves Estimated at 1.2 Trillion Barrels
Iran has the equivalent of over 1.2 trillion barrels of oil and gas as a senior Oil Ministry official says the country will be able to tap those reserves for at least a century from now.
Iran Oil Production Has Reached Pre-Sanction Levels
Oil Minister Javad Owji says Iran’s oil production has reached pre-sanction levels, as the country teams up with new customers to export its oil in defiance of the most draconian sanctions imposed by the United States.
Domestic company to build 113,000-ton oil tanker for NITC
National Iranian Tanker Company (NITC) has awarded the project for building a 113,000-ton oil tanker to a high-level domestic company, the company’s managing director announced.
Iran Ready to Increase Oil Output to Levels Before Sanctions
Oil Minister Javad Owji said the country would readily enhance its crude oil output to help stabilize the global market.