EghtesadOnline: Despite the US-Saudi Arabia ploy to coerce OPEC members' to raise output, the National Iranian Oil Company should strongly hold its position to maintain oil production and exports at the current levels.
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Saturday plans have been devised to lift the country's output capacity by 460 million barrels within three years by recovering the extraction rate from major hydrocarbon fields.
EghtesadOnline: Iran's Petroleum Engineering and Development Company has signed a contract with unnamed international companies to lease transportable refining equipment to increase crude output in West Karoun block in the southern Khuzestan Province, the chief executive officer of PEDEC said.
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Sunday the country's oil output has increased by 165,000 barrels per day in the last 10 months compared with the corresponding period of last year.
EghtesadOnline: Talks are underway with international companies over a string of oil projects that could lift oil output capacity by 1.7 million barrels per day, Oil Minister Bijan Namdar Zanganeh said at the weekend.
EghtesadOnline: Iran's crude production inched up in December as the country maintained output close to levels it has agreed to under a global supply cut deal, OPEC's data showed on Thursday.
EghtesadOnline: Iran produced 3.81 million barrels of crude oil per day in November, down 2,200 barrels compared with the previous month, OPEC's calculations showed on Wednesday.
EghtesadOnline: Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.
EghtesadOnline: Russia says it has worked out a “road map” with Iran over cooperating in production of crude oil that envisages investing billions of dollars to increase the country’s oil production by at least 1.1 million barrels per day (mb/d).
EghtesadOnline: Iran’s oil output is scheduled to rise to around 6 million barrels per day by 2022, Iranian oil official said on Tuesday.