Iran's oil industry

Iran discovers four new oil, gas field

Iranian Oil Minister Javad Owji has announced the discovery of four new oil and gas fields through exploration…

South Pars gas field production capacity will exceed 730 mcm/d

The chief executive of the Pars Oil and Gas Company (POGC) said Iran’s gas production capacity in the South Pars gas…

Iran’s oil exports hit 4-year high

Iran's crude exports of about 1.5 million barrels per day (bpd) stand at their highest in more than four years, with…

Iran’s oil prices rose by $6 per barrel in August

Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show Iranian oil prices rose by an average…