Iran oil sales

South Korea in talks with Iran over resumption of oil imports

Negotiations are reportedly underway in South Korea between officials from Tehran and Seoul on the possibility of resuming oil trade in preparation for a potential US sanctions relief on Iran, Yonhap reported.


Iran oil exports hit 1.2 mbd in January

A new report showed that Iranian crude oil exports reached 1.2 million barrels per day in January despite continued American pressure on the country.


Iran’s monthly oil export revenues at $1.3 billion in Aug-Oct: Report

A report shows that Iran has been earning an average of around $1.3 billion per month in oil exports revenues despite sanctions imposed by the United States.


Iran oil, gas industry needs $160 billion of new investment: Minister

Iran’s Petroleum Minister Javad Owji said on Tuesday that the country has to invest some more $160 billion on oil and gas industry.


Lifting Iran sanctions to ease global energy crisis: Minister

Iranian Oil Minister Javad Owji says removing sanctions from Iran’s hydrocarbon sector would be key to resolving a global energy crisis that has affected supplies in many Western countries.


Iran eyes $5bn rise in non-oil exports in H2 fiscal year

Iran’s minister of trade Reza Fatemi Amin says non-crude exports from the country could surge by $5 billion in the second half of the calendar year to late March.


Iran oil production capacity expected to rise by 50% in four to five years

Iran’s new Minister of Petroleum Javad Owji says the country has plans to increase oil capacity by one and a half time (50%) within the next four to five years.


Minister says sanctions deprived Iran of $100bn in oil revenues

New Minister of Petroleum Javad Owji says the "tyrannical" US sanctions have deprived Iran of 1.8 billion barrels of oil exports and more than $100 billion of revenues.


Iran raises September crude prices for Asian customers

The National Iranian Oil Company (NIOC) has raised the September official selling prices (OSPs) for crude deliveries to customers in Asia.


President Raeisi’s oil minister pick says he will push for increased gas output

A nominee to take over the role of Iran’s oil minister in a new administrative government led by President Ebrahim Raeisi says he’ll push for increased natural gas output beyond the current enviable record of nearly 1 billion cubic meters (3.5 billion cubic feet) per day.