oil production

Iran’s oil price, output surge in March 2024: OPEC

The Organization of Petroleum Exporting Countries (OPEC) in its latest report revealed that Iran’s oil production volume increased 28,000 barrels per day in March 2024.

Energy

Iran’s oil output hits 3.2 million bpd in February

A recent report by the International Energy Agency (IEA) suggests that Iran’s oil production has increased by 30,000 barrels per day (bpd) in February to hit 3.2 million bpd.

Energy

Iran signs $13bn worth of contracts to develop 6 oil fields

The National Iranian Oil Company (NIOC) has signed contracts worth $13 billion, marking the country’s biggest oil contracts in a decade.

Energy

Iran’s oil production drops in February to 3.148 million bpd: OPEC

Organization of the Petroleum Exporting Countries (OPEC) has published a new report which suggests Iran’s oil output has declined by 515 barrels per day (bpd) in February to 3.148 million bpd.

Energy

2.5 billion barrels added to Iran’s oil, gas reserves in one year

Deputy Iranian Oil Minister Mohsen Khojastehmehr has said that with the new exploration projects, as much as 2.5 billion barrels has been added to Iran’s oil and gas reserves in the calendar year that will come to an end within the next few days.

Energy

Iran emphasizes ‘peacefully’ resolving Arash gas field dispute

Iran restated its position on the disputed Arash gas field in the Persian Gulf with an Iranian vice president stressing on the ‘integrated and joint’ extraction with Kuwait and Saudi Arabia from the field, warning Tehran will start drilling in the field if Kuwait does so.

Energy