Crude Oil News in Iran

Iran Recoverable Oil Reserves at 160bn Barrels
2/6/2019 - Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday the country’s recoverable oil stood at 160 billion barrels. ...
India Buys 75% Less US Oil, Purchase More Iranian Crude
10/6/2018 - India’s purchases of US crude oil have fallen by 75 percent over the past four months as the subcontinent stocks up on Iranian crude, Reuters has reported. ...
Iran & Iraq Begin Strategic Oil Swap Scheme
6/9/2018 - Iran has started exchanging crude oil with Iraq through a strategic project which is believed to open a new route for Baghdad to export its oil. Iran’s Ministry of Petroleum announced that road tanker...
Iran-Iraq Oil Swap Deal To Run For a Year
12/12/2017 - Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for o...
Iranian Crude Exports to Russia to Start Soon
10/29/2017 - Iran’s crude oil exports to Russia under an oil-for-goods barter scheme will begin “in the near future,” Deputy Minister of Petroleum Ali Kardor said on Saturday. He said banking problems related to t...
Iran Plans for Giant Leap in Oil Industry
10/13/2017 - Iran says it is gearing up efforts including study of its oil reserves to ramp up the country"s crude oil production, a senior Iranian oil official says. ...
Iran Eyes 4.5mbd Output by 2022
10/3/2017 - Iran says its crude oil production will reach 4.5 million barrels per day in a matter of a few years, end of the 6th five-year development plan to 2022. ...
Iranian Crude Oil Exports Mounting as Joint Fields Get a Boost
9/23/2017 - Iran’s crude oil production is more than 3.8 million barrels per day, which according to plans will rise to 4.96 million by the end of the year (in March 20, 2018), Managing Director of the National I...
South Korea’s Imports of Iranian Crude up 40 in August
9/17/2017 - The latest official figures show that South Korea’s imports of crude oil from Iran saw a whopping increase of above 40 percent last month. ...
Korean Purchases of Iranian Crude Up 48 in 7 Months
8/19/2017 - South Korea’s crude oil imports from Iran soared 47.7 percent in the first seven months of this year from the same period last year, customs data showed. ...
South Korea’s Iran Crude Imports for June up 10.5 % Year-on-Year
7/17/2017 - South Korea imported 1.2 million tonnes of crude oil from Iran in June, up 10.5 percent from a year ago, preliminary data from Korea Customs Service showed on Saturday. ...
West Karoun Oil Field Production Reach 368000 bpd
7/10/2017 - Iran currently produces 290’000 barrels of crude oil per day, the figure which is going to witness an increase of 78000 barrels bpd, the managing director of Iran’s Petroleum Engineering and Developme...
West Karoun Oil Supply Capacity Rise
6/17/2017 - Transfer of crude oil from the West Karoun oil block in the southern Khuzestan Province to export terminals in the Persian Gulf is picking up, thanks to expanding pumping machinery and equipment. ...
Ahajari Set to Boost Production
6/11/2017 - Aghajari Oil & Gas Producing Company has proposed a plan to boost crude oil output, announced AOGPC Managing Director. ...
KOGPC Biggest NISOC Oil Producer
5/21/2017 - Managing Director of Karoun Oil & Gas Producing Company said, in post JCPOA, by having a 60% share, KOGPC played a key role in boosting NISOC crude production. ...
Iran Increase Oil Exports to South Korea by Over 63%
5/16/2017 - South Korea considerably increased its crude oil imports from Iran in April as compared with the corresponding period in the last year. ...
Iranian Crude Oil at $53 Per Barrel
4/25/2017 - Iran’s crude oil traded above $53 a barrel in the week to April 14, reflecting the global confidence in a pact between OPEC and non-OPEC producers to slash supplies to boost flagging oil prices. ...
South Azadegan Crude Output Hits 80k b/d
4/17/2017 - Iran has brought oil recovery from South Azadegan oilfield, shared with Iraq, to 80,000 barrels per day after years that its output was stuck in the 50,000 b/d range. ...
Iran Eyes 100 kb/d of Crude Output from Azar Oilfield
4/3/2017 - Iranian Minister of Petroleum Bijan Zangeneh says production of crude oil from Azar Oilfield can reach 100,000 b/d once its second phase development project becomes operational. ...
Iranian Crude Oil Exports Close to Record 3 Million bpd
4/3/2017 - Total exports of crude oil and condensate averaged 2.8 million bpd in the months up to the new Iranian year (started on March 21). Iran's total exports of crude oil and gas condensate neared a record ...

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