The Iranian oil minister said the country’s oil and gas industry ranks first among the major gas exporting and producing countries in reducing flare gases.

Iran successfully foiled a plot by the Israeli regime to damage the natural gas transmission pipelines in southern and central parts of the country earlier this month, the country’s Oil Minister Javad Owji has said.

Iran and Russia signed four cooperation documents at the 16th Joint Commission for Economic Cooperation aiming at expanding the relations between the two countries. The strategic document for the development of bilateral relations between the Islamic Republic of Iran and the Russian Federation was signed on Tuesday by Iranian Minister of Petroleum ...

Iranian Oil Minister Javad Owji said numerous projects have been defined in the southern province of Bushehr to turn it into a refining hub within years. Speaking to reporters on the sidelines of a virtual ceremony to launch a major gas project in Kish Island on Monday, Owji said that the projects will need up to $25 billion of investment. He ...

In line with the goals of activating energy diplomacy by the Iranian Ministry of Petroleum, after a massive fire occurred in oil facilities in Cuba by lightning, a group of Iranian experts was sent to help the country. After lightning struck a large crude oil storage facility in the city of Matanzas, Cuba, and four consecutive explosions that injured ...

Iranian Oil Minister Javad Owji has warned of a global energy crisis this winter as he says that Iran stands ready to increase its oil exports by a significant amount if sanctions are removed from the country. Speaking a day after a meeting of the Organization of the Petroleum Exporting Countries and its allies, a body known as OPEC+, on Thursday,...

The National Iranian Gas Company (NIGC) says its supply of natural gas to power plants in the country has reached 294 million cubic meters (mcm) per day as warm weather increases electricity demand for cooling. NIGCs head of dispatching operations Mohammad Reza Joulayi said on Monday that the current gas supply to power plants in Iran is 13% higher ...

Iranian oil minister Javad Owji predicted Tuesday that as much as 670 million cubic feet of gas will be extracted by the domestic companies in phase 11 of the South Pars gas field from October. Speaking to reporters on Tuesday afternoon, the Iranian oil minister briefed them on the latest situation of gas production in South Pars and the work on ...

Iraqi authorities have reported a major increase in the supply of natural gas from neighboring Iran two days after the Arab country settled nearly $1.7 billion of arrears it owed Iran for previous gas imports, according to a report by Iraqs NINA news agency. Iraqi Electricity Ministry Spokesman Ahmad Musa said on Saturday that imports of natural ...

Iran has received from Iraq a sum of $1.6 billion the Arab country owed to Iran for imports of natural gas in the past years, according to remarks by the Iranian Oil Minister Javad Owji. Owji said on Thursday that the new payment by Iraq is related to an outstanding debt for natural has imports that had taken place before the current Iranian administration ...

Iranian Oil Minister, Javad Owji, met with Kazakhstan Energy Minister, Bulat Aqchulaqov, on Thursday on the sidelines of Baku Energy Forum. The two sides discussed bilateral cooperation in oil industry's upstream and downstream sectors and various energy trade. They also emphasized the great potentials for joint cooperation in different oil and ...

Irans Oil Minister Javad Owji met with Venezuelan President Nicolas Maduro in Caracas to talk about energy cooperation and ways to overcome sanctions. Irans oil minister has paid an official visit to Venezuela where he met with President Nicolas Maduro and discussed ways to "overcome" the effects of sanctions imposed by the United States against ...

The Iranian government had access to more than $7 billion worth of crude export revenues in the calendar year to late March, says a report publishedin the local media which indicates that the income helped the government avoid a hefty budget deficit which could exacerbate consumer price rises in the country. The Tuesday report by the semi-official ...

Irans oil production has reached pre-sanction levels, the countrys Oil Minister Javad Owji said. Finding new customers and markets, using different methods in oil contracts, and making use of highly-qualified experts in the field are among the reasons behind the surge in Irans crude oil and gas condensate production, Owji said late Thursday. The ...

The Iranian Minister of Oil announced the start of drilling for the Arash joint field in the near future. Arash gas field is one of the gas fields in Iran, which is located in the north of the Persian Gulf and in the province of Hormozgan in the south of Iran. Arash gas field is one of the common fields of Iran with Kuwait and Saudi Arabia, which ...

Irans oil minister Javad Owji says condensate exports from the country rose nearly four-fold over the past eight months. Speaking to the Iranian radio on Monday, Owji said that exports of condensate, which is a very light form of crude, reached nearly 240,000 barrels per day (bpd) at the end of the calendar year to March 20. That comes as condensate ...

Stating that Iran's oil exports took an upward trend since the new administration took office, Minister of Petroleum Javad Owji said that the oil revenues from oil exports are fully received in the 13th administration. Speaking with Fars News Agency, Owji said as soon as the Raisi administration took office, we mobilized all our capacities to sell ...

Irans Oil Minister Javad Owji says the country has drawn some 20 million barrels from a floating inventory of more than 85 million barrels of oil that has been stored on dozens of Very Large Crude Carriers (VLCCs) in the Persian Gulf. Owji said on Wednesday that Iran had managed to find a way around its burgeoning condensate inventory levels by ...

Iranian Minister of Petroleum Javad Owji has said that the return of oil and gas revenues is accelerating this year despite the sanctions as compared to last year. "Return ofrevenues from the sale of crude oil, gas condensate, gas exports, petroleum products and petrochemical productshas increased 2.5 times compared to last year (1399 (March 21,...

Iranian Oil Minister met and held talks with the Secretary-General of the Gas Exporting Countries Forum (GECF). On the Sidelines of the 6th Gas Exporting Countries Forum (GECF) in Doha,Iranian Oil Minister Javad Owjiheld meetingswith the Secretary-General of the Gas Exporting Countries Forum (GECF) Mohammed Hamil and the Energy ministers of Algeria,...