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Oil Price

Iranpress: Iran eyes 4mbd crude oil production by early 2023

Iran eyes 4mbd crude oil production by early 2023

Tuesday, 23 August 2022 18:17

Tehran (IP) - The CEO of the National Iranian Oil Company (NIOC) voiced Iran’s readiness for a maximum gas condensate swap, adding the country is preparing to bring its crude oil production capacity to over 4 million barrels per day by the end of the current calendar year, which began on March 21.

Iranpress: Iran to develop oilfield joined with Saudi Arabia

Iran to develop oilfield joined with Saudi Arabia

Sunday, 21 August 2022 18:37

Tehran (IP) - The CEO of the Iranian Offshore Oil Company (IOOC) said the first stage of development of the Esfandiar joint oilfield, which is shared with Saudi Arabia, has been placed on the company's agenda, and according to the plans, its implementation is expected to be completed within 36 months.

Iranpress: Iran bracing to become regional hub for Russian gas

Iran bracing to become regional hub for Russian gas

Sunday, 31 July 2022 11:15

Tehran (IP) - A senior energy expert says following the Ukraine war, Iran has the chance to use Russia’s excess gas export capacity to become a regional hub for the item.

Iranpress: Iran ready to bolster ties with German petrochemical firms

Iran ready to bolster ties with German petrochemical firms

Tuesday, 26 July 2022 16:36

Tehran (IP) - The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) voiced the holding’s readiness to cooperate with German companies that excel in the chemistry and petrochemical industry and take significant steps for the interests of both countries.

Iranpress: Iran elaborates on $40B MoU with Russia

Iran elaborates on $40B MoU with Russia's Gazprom

Sunday, 24 July 2022 12:18

Tehran (IP) - The CEO of the National Iranian Oil Company explained the strategic relations between Iran and Russia, aiming to develop the oil fields of the two countries.

Iranpress: World Newspapers: Oil sinks below $100 as demand weakens

World Newspapers: Oil sinks below $100 as demand weakens

Wednesday, 06 July 2022 21:22

Growth outlook worsens as central banks strive to combat high inflation.

Iranpress: Oil could top $300-400 if Japan

Oil could top $300-400 if Japan's price cap idea implemented: Fmr. Russian pres.

Tuesday, 05 July 2022 20:54

Russia's former president said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil on the market and could push prices above $300-$400 a barrel.

Iranpress: Russia cuts off gas supplies to France

Russia cuts off gas supplies to France

Friday, 17 June 2022 20:32

Russian energy giant Gazprom has cut off the natural gas supply to France for more than a month, according to France's gas operator.

Iranpress: EU move to phase out Russian oil

EU move to phase out Russian oil 'self-destructive': Russia

Thursday, 02 June 2022 16:15

Moscow has warned that the European Union's decision to phase out Russian oil partially is a "self-destructive" move that would destabilize global energy markets.

Iranpress: Iran

Iran's income from oil sales increases by 60%

Sunday, 29 May 2022 20:24

Tehran (IP) - An official in the Iranian oil ministry said the receipt of hard currency earnings of oil sales in the first two months of the current Iranian calendar year which began on March 21 saw a 60% year-on-year growth.

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