OIL

Iran inaugurates 17 new oil, refining, and petrochemical projects

In a significant boost to the country's energy infrastructure, Iran has officially inaugurated 17 major oil, refining,…

Iran Oil Ministry signs contracts worth $2bn

The Iranian Oil Ministry has signed four contracts worth $2 billion, including agreements to develop two oil fields.

Russia to invest in Iran's new oil fields: Oil minister

Iranian Petroleum Minister Javad Owji has said that the Russian Federation will invest in Iran's oil fields.

Acting president to inaugurate natural gas projects

Iranian Minister of Petroleum, Javad Owji says a number of gas supply projects will be inaugurated in the southeastern…

Oil revenues rise By $15b annually

During the 13th administration under the leadership of Ayatollah Raisi, Iran’s oil revenues rose about 15 billion…

Iran's oil production up by 60% in current gov't: Minister

Iran's Oil Minister Javad Owji says the production of oil has increased by 60 percent in the current government…

Iran oil output up 500k bpd y/y: IMF

The new statistics released by the International Monetary Fund (IMF) show that Iran's oil production in 2023 saw an…

Iran’s oil exports hits a 6 year high despite sanctions

Iran’s oil exports reaching a six-year high and giving its economy a $35bn-a-year boost despite sanctions.

Oil slides more than 1% as Middle East tensions ease

Oil prices slid more than $1 a barrel on Monday, with Brent falling below $90, as Middle East tensions eased after…

Owji: Turkish companies’ presence in Iran’s oil industry welcome

Iran welcomes Turkish companies’ participation in projects of its oil industry, said Oil Minister Javad Owji on Thursda…