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oil production

Iran plans for producing 5.5 million bpd of oil: Minister

Iranian Oil Minister Javad Owji says that regarding forecasts for an annual 8 percent growth during Iran’s seventh five-year development plan, the country is targeting a 5.5 million barrel per day (bpd) for oil production.

Energy

Iran’s oil output to hit 3.6 million bpd by March 2024: Minister

Iranian Oil Minister Javad Owji says the country is expected to produce as much as 3.6 million barrels per day (bpd) of oil by the end of the current fiscal year (March 2024).

Energy

Iran oil industry expected to grow by 15.2% this year

The Iranian oil industry’s economy is projected to grow 15.2 percent this Iranian year (started March 21, 2023), said the country’s top banker.

Energy

Iran, Iraq responsible for OPEC+ production rise: Survey

OPEC+ crude oil output grew 180,000 b/d in October, the latest Platts survey by S&P Global Commodity Insights found, adding supply pressures to flagging market sentiment, as Iran and Iraq led the group’s production higher.

Energy

Official puts Iran’s oil production at 3.4 million bpd

The spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters’ Union says Iran’s oil production has increased to 3.4 million barrels per day (bpd), despite US sanctions aimed at curbing oil exports and the associated revenue to Iran’s government.

Energy

Iran plans to launch $15 billion worth of oil, gas projects within months

Iranian Oil Minister Javad Owji has said that 75 important oil and gas projects worth $15 billion will be inaugurated by the end of the current Iranian calendar year (March 19, 2024).

Energy

Iran MPs Okay key bill on oil, gas production

Iran’s Parliament on Monday passed part of a comprehensive development bill that outlines a vision for the country’s oil and gas production for the next five years.

Energy

Iran’s crude extraction tops 3.1mbd, highest since 2018

Iran extracted 3.15 million barrels per day (mbd) of crude oil in September, which is the highest since 2018, the year Washington re-imposed sanctions on Iran, according to Reuters surveys and separate figures from OPEC.

Energy

U.S. admits to rise in Iran’s oil output, exports

U.S. senators and Western media have confirmed the increase in Iran’s oil production and exports despite sanctions over the past two years, Iranian Oil Minister Javad Owji has said.

Energy

Iran regains position as third-largest OPEC producer

Iran has produced as much as 3 million barrels per day (bpd) of crude oil in August to regain its position as the third-largest crude oil producer among OPEC member countries, according to the latest OPEC data.

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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