Iran | Egypt Oil & Gas - Part 2

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.

Iran to Restart a Gas Pipeline to Oman

During his visit to Oman, Iranian Petroleum Minister Javad Owji agreed to revive a pipeline project to pump gas from Iran to the country.

Iran’s CIOFC to Raise Natural Gas Production by 100 mmcm in 2026

The CEO of the Central Iranian Oil Fields Company (CIOFC) Mehdi Heidari announced company's plan to intensify gas production by 100 million cubic meters (mmcm) by the end of the Iranian calendar year 1404 (ending ...

NISOC Production Grows by 600,000 bbl/d During Raisi Administration 

The CEO of the National Iranian South Oil Company (NISOC) announced that its fields' production has grown by 600,000 barrels per day (bbl/d) under the Raisi administration.

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