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oil production

Iran’s oil output, exports surge in August despite US sanctions

Iran’s oil production and exports jumped in August despite the US sanctions, according to consultants and companies that track tanker shipments.

Energy

Iran’s oil output to hit 3.5 million barrels per day by late September: Official

Iran is expected to produce as much as 3.5 million barrels per day (bpd) by late September despite tough Western sanctions on the country, according to Deputy Oil Minister Mohsen Khojastehmehr.

Energy

Iran not to tolerate violation of rights in disputed gas field: Minister

Iran will not tolerate any violation of its rights in shared fields and the country will pursue its interests in shared Arash gas field, according to Oil Minister Javad Owji.

Energy

Iran’s oil revenues up 67% to $42.6 billion in 2022: OPEC

Figures by the Organization of Petroleum Exporting Countries (OPEC) show that Iranian oil export revenues rose by 67% last year despite continued pressure of American sanctions on the country.

Energy

Iran ranks 4th biggest OPEC producer in May

Iran’s oil production continued to surge in May so that the country is now named the fourth biggest producer among OPEC member countries, according to a report by the International Energy Agency (IEA).

Energy

Iran, world’s 3rd largest gas producer, 8th largest oil producer in 2022: Report

A recent report by the Energy Institute has put Iran as the world’s third largest gas producer and eighth largest oil producer in 2022.

Energy

Iran’s crude output up by 350k barrels per day in 2023

Data from the International Energy Agency (IEA) show that Iran’s crude oil output has increased by about 350,000 b/d since the beginning of 2023 in spite of US-led sanctions targeting the country’s oil sector.

Energy

Iran to inaugurate 64 oil projects by March 2024: Minister

Iran’s oil minister on Saturday said 64 semi-finished and new projects, valued at $14.5 billion, will become operational and construction operations of 15 projects, valued at $14.3 billion, will begin by the yearend.

Energy

Iran’s oil output in March hits 2.750 million bpd: IEA

The International Energy Agency (IEA) in its latest report announced that Iran’s crude production volume reached 2.75 million barrels per day (bpd) in the fourth month of 2023.

Energy

OPEC chief in Tehran to discuss global oil market

OPEC Secretary General Haitham Al Ghais is scheduled to hold separate meetings with Iranian President Ebrahim Raisi and Oil Minister Javad owji in Tehran on Saturday to discuss the issues surrounding the global oil market.

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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