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oil production

Iran’s oil output to rise by 40,000 bpd with new desalination plant in Ahvaz

Iran’s oil production capacity is set to rise by 40,000 barrels per day (bpd) following the launch of a desalination plant in the country’s southwest, Oil Minister Mohsen Paknejad has announced.

Energy

Iran remains OPEC 3rd biggest oil producer in August

The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.277 million barrels per day (bpd) of crude oil in August, registering a 4,000-bpd increase compared to the previous month.

Energy

Iran registers highest crude output since late 2018: OPEC

Iran continued to increase its oil output in July despite continued restriction on its exports because of US sanctions as highest extraction was reported since late 2018 which was below 3 million barrels per day (bpd).

Energy

Iran’s oil output hits six-year high: Survey

Iran’s oil production in July reached 3.22 million barrels per day (bpd), the highest level since the U.S. withdrew from the nuclear pact with Iran and re-imposed sanctions on the country in 2018, Reuters reported.

Energy

Oil rebounds after assassination of Hamas leader in Iran

Oil futures rebounded more than $1 a barrel from 7-week lows on Wednesday after the assassination of Hamas leader Ismail Haniyeh in Iran allegedly by the Israeli Zionist regime ratcheted up tensions in the Middle East, Reuters reported.

Energy

Iran becomes 4th largest oil exporter in OPEC: Report

Iran has risen to become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales.

Energy

Iran world’s 7th largest crude oil producer in 2023

Iran was the 7th largest crude oil producer in the world in 2023, according to the British IE Institute.

Energy

Iran’s oil production to reach 4 million bpd by yearend: Minister

Iran’s minister of oil said the country’s crude production volume will hit 4 million barrels per day (bpd) by the end of the current Iranian calendar year (to end March 20, 2025).

Energy

Iran oil output reaches 3.3 million bpd in April: IEA

The International Energy Agency (IEA) declared a 50,000 barrel per day jump in Iran’s daily oil production in the fourth month of the current year, reaching 3.3 million barrels per day.

Energy

Iran becomes OPEC’s second biggest producer of liquid fuels: EIA

A recent report by the US Energy Information Administration (EIA) has revealed that Iran was the second biggest producer of oil and liquid fuels among OPEC members in the first quarter of 2024.

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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