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Iran oil sales

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.

Trade

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.

Energy

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.

Energy

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.

Energy

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.

Energy

Iran prepared to return to int’l oil market: Minister

Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the unfair US sanctions on the country are lifted, Iran’s outgoing oil minister, Bijan Namdar Zanganeh, said.

Energy

Iran to return to oil markets as soon as sanctions lifted: Zanganeh

Iranian Oil Minister Bijan Zanganeh said on Friday he told an OPEC+ meeting that Iran would return to the markets swiftly if U.S. sanctions are lifted, regardless of decisions made by the producer group.

Energy

Iran lost $100 billion in crude revenues since 2018: Zanganeh

Iran’s Oil Minister Bijan Namdar Zanganeh says the country has lost an estimated $100 billion in crude revenues since 2018 because of US sanctions that hampered sales and due to lower prices in international markets that was caused by the coronavirus pandemic.

Energy

Crude output at 6.5 million bpd a must for Iran: Zanganeh

Iran’s oil minister says the country’s crude output has to reach 6.5 million barrels per day (bpd) in the very near future and before global conventions can hamper any increase in production.

Society Economy

Iran tanker held in Indonesia back on its mission

The National Iranian Tanker Company (NITC) says a crude oil tanker that had been held for more than four months off the Indonesian coast is back on its mission after being released by local authorities.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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