Iran | Egypt Oil & Gas

Iran Establishes Petroleum Projects Worth $50B

The Deputy Chief for Development and Engineering Affairs at the National Iranian Oil Company (NIOC), Reza Dehqan said that the country is progressing oil and gas projects worth some $50 billion.

Iran, China Sign MoU in Petrochemicals

Iran announced that it has signed a memorandum of understanding (MoU) with China to provide technical know-how and implement a project of Fanavaran Petro Olefin Company.

Iranian Oil Production Increases to 3.3 mmbbl/d: Owji

Iran's Oil Minister Javad Owji has stated that the country's oil production has increased recording 3.3 million barrels per day (mmbbl/d), Shana reported.

Iran’s Oil Production Reached 2.87 mmbbl/d in May 2023

The International Energy Agency (IEA) has announced that Iran has recorded oil production reached 2.87 million barrels per day (mmbl/d) in May 2023.

Iran’s Natural Gas Exports Rose to 18.9 bcm in 2022

According to data released by the Energy Institute (EI), Iran's natural gas exports has reached 18.9 billion cubic meters (bcm) in 2022, increasing by 9% compared to 17.3 bcm in 2021, IRNA reported.

Iran’s South Pars Refinery to Come Online Soon

Iran’s South Pars Refinery should come online soon, said Mohsen Khojastehmehr in a televised interview, who added that the country's gas output capacity is anticipated to expand by 500 million cubic meters per day ...

Iran Announces It is Capable of Ramping Up Oil Production to 7.4 mmbbl/d

Iran has the capacity to produce 7.4 million barrels of crude oil per day, according to the head of the office of the Supreme Leader's economic division.

NIOC Announces Iran Crude Oil Prices for September Delivery

The cost of light crude oil, heavy crude oil, and Forouzan crude for sale in September has been fixed by the NIOC's international affairs division at $9.50, $6.30, and $6.40, respectively, over the average oil pri ...

Iran to invest $7bn in Azadegan Oilfield Development

Javad Owji, the Iranian Minister of Petroleum, said 7 billion dollars would be invested in the Azadegan Oilfield, the majority coming from Iranian banks, development companies, and the National Development Fund of ...

Venezuela Receives Its Second Iranian-Built Tanker.

In the presence of the presidents of Iran and Venezuela, SADRA (Iran Marine Industrial Company) handed over the second Aframax tanker built by the company.

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