Iran

News
March 15, 2024
Iranian companies were granted $13 billion in contracts on Sunday to boost production from six oil fields by as much as 350,000 bpd. The flagship projects include the development of the giant Azadegan field, which has an estimated 32 Bboe reserves, and Azar, both of which are shared with Iraq along Iran’s western and southwestern borders.
News
November 15, 2023
The US will enforce oil sanctions against Iran amid the renewed conflict in the Middle East, a White House Energy adviser said Wednesday.
Article
October 2023
To enhance oil recovery efficiency during production, a deep understanding of lower well pressure history and reservoir hydrodynamics is crucial. This study offers a comprehensive assessment of the reservoir's hydrodynamic status and effectiveness of the water drive mechanism, providing valuable insights for reservoir analyses in similar oil-rich regions.
News
October 11, 2023
Benchmark U.S. crude futures dropped below $85 a bbl on Wednesday as the conflict remained largely confined to Israel and Gaza. Iran is OPEC’s fourth-largest oil supplier, behind Saudi Arabia, Iraq and the United Arab Emirates.
News
August 22, 2023
The Islamic republic expects to boost production to 3.4 MMbpd by the end of summer, according to Oil Minister Javad Owji. That would put output near Iran’s capacity limit of 3.8 MMbpd.
News
August 21, 2023
TankerTrackers.com Inc., which provides data on oil cargo shipments to governments, insurers and other institutions, estimates that the Persian Gulf state exported 2.2 MMbpd of crude and condensates during the first 20 days of August.
News
November 01, 2022
Russia started swapping oil products with Iran, Interfax reported, the latest sign of deepening ties between the two sanctioned countries pushed closer by Russia’s war in Ukraine.
News
September 13, 2022
Secretary of State Antony Blinken said it was ‘unlikely’ the U.S. and Iran would reach a new nuclear deal anytime soon, adding to Western officials’ downbeat assessment over the prospects for reviving an accord that President Donald Trump abandoned in 2018.
News
September 12, 2022
The International Atomic Energy Agency’s probe into Iran’s past nuclear activities has taken center stage in talks to resuscitate the 2015 deal, where success could unleash a surge in Iranian oil exports.
News
August 29, 2022
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
News
August 16, 2022
A last-ditch attempt by Europe to revive the Iranian nuclear deal has stoked speculation that millions of barrels of oil are set to flood world markets. The return could be swift if Tehran’s previous comeback is any guide.
News
July 20, 2022
Iran warned that proposed U.S. legislation targeting the Islamic Republic could further imperil stalled Biden administration efforts to resurrect the moribund nuclear deal.
News
June 08, 2022
The U.S. may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to the biggest independent crude trader.
News
May 31, 2022
Iran’s seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from a region that’s a vital source of global energy supplies.
News
May 29, 2022
Iran’s foreign currency earnings from exports of oil, gas condensate, natural gas and petrochemicals rose more than 60% from March 21 to May 21, compared to the same period last year.
News
May 27, 2022
Iranian forces seized two Greek oil tankers in the Persian Gulf in apparent retaliation for the detention of vessel off the coast of Greece.
News
May 15, 2022
Iran has capacity to double oil exports if there’s sufficient demand, a top official said, even as a deal on the country’s nuclear program that could pave the way for the lifting of sanctions remain elusive.
News
May 12, 2022
Two months after negotiators left Vienna, expectations are fading that Iran nuclear talks will resume, leaving the world with the remains of an agreement no one’s willing to pronounce dead.
News
March 13, 2022
Oil resumed its decline after Iran carried out a missile strike in Iraq following the suspension of nuclear talks, while Russia’s bombardment of Ukraine prompted more calls to sideline the OPEC+ producer.
News
March 08, 2022
The world and energy market are at a point in history, as important as the end of both world wars, and that was true before the Russian invasion of Ukraine, said Atlantic Council President and CEO Frederick Kempe.
News
March 03, 2022
Oil fell on signs that high-stakes talks to revive a nuclear deal with Iran may soon conclude, potentially raising supply as traders increasingly shun Russian crude.
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