Oil Minister Expects Good News on Energy Cooperation With Russia
Oil Minister Javad Owji has predicted that there will be good news related to cooperation with Russia in the energy sector as the Islamic Republic pursues a policy of neutralizing illegal U.S. sanctions through enhancing ties with friendly countries.
President Opens First Super Heavy Oil Refinery in Qeshm
President Ebrahim Raisi officially inaugurated a first super heavy oil refinery in Iran on Friday as the country moves ahead with plans to develop its massive petroleum sector despite sanctions imposed by the United States.
China’s Imports of Iranian Oil Hit Record Since 2018
China's imports of Iranian crude oil last year hit a record high since the US imposed sanctions on the Islamic Republic in 2018 with the aim of bringing the country's oil sales down to zero, Bloomberg reports.
Oil, gas condensate output expected to rise 144,000 bpd in next Iranian year
Considering the new resource allocations for the development of the oil industry in the budget bill for the next Iranian calendar year (starts on March 21), the country’s crude oil and gas condensate production is expected to increase by 144,000 barrels per day (bpd) in the next fiscal year.
Iran oil revenues increased significantly in recent months: NIOC head
Head of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr has said the country’s oil revenues have increased significantly over the past few months and the country has received the payment for all its crude oil sales since the new government administration, Shana reported on Sunday.
Sri Lanka Inks $251m Tea for Oil Debt Deal With Iran
Iran and Sri Lanka and Iran on Tuesday signed a Memorandum of Understanding (MoU) to settle $251 million worth of credit outstanding with Ceylon Petroleum Corporation (CPC) with supply of tea of equivalent value.
Tehran Warns Against Acts of Piracy Targeting Its Oil at Sea
An Iranian envoy to the United Nations has issued a stern warning against acts of piracy targeting tankers carrying Iran’s oil cargos at sea, urging the international community to condemn such illegal measures that endanger freedom of navigation.
Iran-Venezuela oil cooperation must take a new form, Raisi says
Iranian President Ebrahim Raisi has said Iran-Venezuela oil cooperation must take a new form and the two sides need to take further steps for expanding cooperation in the fields of refining and petrochemicals as well, Shana reported on Sunday.
Oil Ministry Not to Wait for JCPOA Talks
Oil Ministry will not wait for the decisions and negotiations, Minister of Petroleum said on Thursday after 22nd OPEC and non-OPEC Ministerial Meeting.
Iran Needs $160b of Investment in Its Oil Projects
About $160 billion should be spent on projects in Iran's oil and gas sectors, the country's Oil Minister Javad Owji said.