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oil

Iran’s oil output to rise by 40,000 bpd with new desalination plant in Ahvaz

Iran’s oil production capacity is set to rise by 40,000 barrels per day (bpd) following the launch of a desalination plant in the country’s southwest, Oil Minister Mohsen Paknejad has announced.

Energy

Iran denies reports of decline in crude oil exports

The head of National Iranian Oil Company (NIOC) has dismissed reports circulating on social media claiming a decline in the country’s crude oil exports as "false and baseless."

Energy

Oil rebounds after assassination of Hamas leader in Iran

Oil futures rebounded more than $1 a barrel from 7-week lows on Wednesday after the assassination of Hamas leader Ismail Haniyeh in Iran allegedly by the Israeli Zionist regime ratcheted up tensions in the Middle East, Reuters reported.

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

Iran ready for presence in Nicaraguan refining projects: Minister

Iranian Oil Minister Javad Owji has voiced Iran’s readiness for participation in refining projects in Nicaragua.

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, 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

Oil prices could hit $100 per barrel: Iranian Minister

Iran’s Oil Minister Javad Owji said oil prices could hit $100 per barrel amid escalating war on the Gaza Strip.

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 Oil Show to open in Tehran on Wednesday

The 27th edition of Iran Oil Show is scheduled to open in Tehran’s Permanent International Fairground on Wednesday (May 17).

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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