Iran’s crude oil production at North Azadegan Joint Oilfield has reached 100 million barrels since 2016. According to the Petroleum Engineering and Development Company (PEDEC), as quoted by SHANA, Esmaeil Gholampour said Iran had so far reaped over 100 million barrels of heavy crude oil from the field since it started production back in April […]

 Iranian Oil Ministry has set up a new initiative to support domestic manufacturers by guaranteeing purchase of their quality items needed in the petroleum industry. Addressing the first innovation event of the Iranian Oil Ministry, dubbed ‘Petroleum Takeoff’, on Monday morning, Oil Minister Bijan Namdar Zanganeh said, “The first phase of nine contracts in the […]

Despite the tightening of sanctions, exports of Pars Petrochemical Plant have increased by 21.5 percent in the past eight months of this year compared to the same period last year, according to its CEO. Speaking to reporters, as quoted by Shana, Massoud Hassani said the process of production and export of Pars Petrochemical Plant had […]

TEHRAN, Apr. 04 (MNA) – Yuri Ushakov senior aide to the Russian President announced that Russia’s oil and gas companies can make huge investment, valued at more than $50 billion, in development of Iranian oil and gas fields. Given the above issue, Russia’s oil and gas giants are able to make huge investment for the […]

TEHRAN, Jan. 24 (MNA) – Iran’s export of oil to India’s leading refiner “Essar Oil” doubled in Dec. 2017. Given the above issue, Iran exported more than 139,000 barrels of oil per day (BPD) to India in the same period, the report added. According to Vessels’ Tracking Information Center, Indian Essar Oil’s privately-funded Refinery imported […]

TEHRAN, Nov. 12 (MNA) – Iran’s light crude oil price increased by 2 dollars and exceeded $60 per barrel in the week leading to November 3. The prices of Iranian light crude oil rose by $2.59 and reached $60.04 per barrel in the week leading to November 3, while the average price for light crude […]