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oil production

Iran to start development works on oilfield shared with Iraq in days

The National Iranian Oil Company (NIOC) says development works on a key oilfield shared with Iraq will start within days as Iran moves ahead with plans to expand its massive petroleum industry despite sanctions imposed by the United States.

Energy

Iran’s oil output grows by 17.4% in 2021 despite sanctions

Figures by global oil and gas supermajor BP (British Petroleum) show that Iran managed to increase its oil production by a significant amount last year despite US sanctions targeting the country’s crude oil exports.

Energy

Iran says ready to help improve global energy security

Iranian Minister of Petroleum Javad Owji said on Tuesday that Iran, as a leading producer of oil and oil products stands ready to help increase global energy security.

Energy

Iran set to add 200,000 bpd to oil production capacity by yearend

The managing director of National Iranian Oil Company (NIOC) has said the country’s oil production capacity is going to increase by 200,000 barrels per day (bpd) to 4.03 million by the end of the current Iranian calendar year (March 20, 2023).

Energy

Iran’s oil production capacity set to top 4m bpd by yearend

National Iranian Oil Company (NIOC) is planning to boost the country’s oil production to 4.03 million barrels per day (bpd) in the current Iranian calendar year (ends on March 20, 2023), Shana reported on Monday, quoting an official with the company as saying.

Energy

Iranian oilfield shared with Saudi Arabia to come on stream in three years

Iran says it will start pumping oil from a key oilfield that straddles the maritime border with Saudi Arabia in the Persian Gulf within the next three years.

Energy

Iran set to build refineries in Syria, Iraq

Iran has reached agreements with Syria and Iraq to construct refineries in the mentioned counties and operates them as a shareholder, a member of the Iranian Parliament’s Energy Committee said.

Energy

Iran seeking to add 600,000 bpd to refining capacity in five years

Iran has awarded two refinery construction contracts worth $17.8 billion to domestic consortia as it seeks to increase its crude oil refining capacity by 600,000 barrels per day (bpd) within the next five years.

Energy

OPEC chief highlights Iran’s stabilizing role in oil market

The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) says Iran is one of the most important founding members of the intergovernmental energy body and plays a significant role in bringing stability to the global oil market.

Energy

Iran’s 1st bioethanol plant complete by 85%

The construction of Iran’s first bioethanol plant has made 85% progress, according to Deputy Minister of Industry, Mine, and Trade.

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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