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oil production

Iran eyes 4 million bpd of oil output

Managing-General of National Iranian Oil Company (NIOC) said on Wednesday that Iran plans to increase oil production to 4 million barrel per day in the Persian New Year which began on March 21.

Energy

Iran signs $15.6 billion worth of oil, gas investment contracts in six months

Iranian Oil Minister Javad Owji said his ministry has signed investment agreements worth $15.6 billion in the past six months.

Energy

Iran’s oil, gas condensate output expected to rise next year

Considering the new resource allocations for the development of the oil industry in the budget bill for the next Iranian calendar year (starts on March 21), the country’s crude oil and gas condensate production is expected to increase by 144,000 barrels per day (bpd) in the next fiscal year.

Energy

Iran output of petroleum products up 6%

The output of petroleum products has increased by 6% in Iranian refineries, said the director of coordination and production supervision at the National Iranian Oil Refining and Distribution Company.

Energy

Iran eyes boosting oil production capacity to pre-sanction level by next March

Head of the National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr has said his company is planning to boost the country’s oil production capacity to the pre-sanction levels or four million barrels by the end of the current Iranian calendar year (March 20, 2022), Shana reported.

Energy

NIDC drills 46 wells nationwide

The National Iranian Drilling Company has drilled 46 oil and gas wells in the onshore and offshore oil-rich regions of the country in the current Iranian year’s first eight months (March 21-Nov. 21), a deputy manager at the company said.

Energy

Iran crude oil output up 0.8% in September: OPEC sources

Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show that Iran’s crude output rose slightly in September to reach 2.503 million barrels per day (bpd).

Energy

NIOC eyes $145 billion foreign, domestic investments in 4 years

The National Iranian Oil Company has prepared a long-term plan to attract foreign and domestic investments worth $145 billion over the next four years.

Energy

Iran oil production capacity expected to rise by 50% in four to five years

Iran’s new Minister of Petroleum Javad Owji says the country has plans to increase oil capacity by one and a half time (50%) within the next four to five years.

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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