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Iran says UK court ruling on oil firm building was biased, unfair

Iran says UK court ruling on oil firm building was biased, unfair

Iran has expressed dismay at a UK court ruling to confiscate a building in London that belongs to the state oil company NIOC’s pension fund, saying ...
NIOC says legal fight continues to overturn UK ruling on Crescent property seizure

NIOC says legal fight continues to overturn UK ruling on Crescent property seizure

The National Iranian Oil Company (NIOC) says it is continuing legal efforts to overturn a UK Court of Appeal ruling that upheld the seizure of a ...
Iran's oil exports hit levels unseen since 2018: source

Iran's oil exports hit levels unseen since 2018: source

Figures released on Monday by a major international tanker tracking service showed that Iran’s oil exports had reached a seven-year record of nearly ...
Iran min. declares discovery of major gas, oil reserves in S.

Iran min. declares discovery of major gas, oil reserves in S.

Oil Minister Mohsen Paknejad has announced the discovery of new gas and oil reserves in the Pazan field in the south of Fars Province, saying this ...
Will India replace Iranian oil with Russian oil?

Will India replace Iranian oil with Russian oil?

Similarities of Iranian crude oil to Russian oil offer a cost-effective alternative to Indian importers in case they are forced to stop buying oil ...
Oil output hits 7-year high with development projects: min.

Oil output hits 7-year high with development projects: min.

Iran’s Oil Minister Mohsen Paknejad has said that the country’s oil production volume hit a seven-year high record with the development of projects ...
Iran expects fall in oil revenues in year to late March

Iran expects fall in oil revenues in year to late March

Iran expects a fall in annual oil export revenues in the calendar year to late March amid lower international oil prices.
Snapback mechanism won’t create new restrictions on oil sales

Snapback mechanism won’t create new restrictions on oil sales

Iran’s oil minister said on Wednesday that the snapback mechanism would not create new obstacles to crude oil sales, stressing that the government ...
Iran launches first mobile oil desalination unit in Dehloran

Iran launches first mobile oil desalination unit in Dehloran

Iran has launched its first mobile oil desalination unit in Dehloran, a project officials say will boost daily crude processing capacity by 30,000 ...
Iran maintains steady oil exports

Iran maintains steady oil exports

The CEO of the National Iranian Oil Company, Hamid Bovard, has said Iran’s oil exports continue uninterrupted.
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