TEHRAN, Dec. 01 (DAY) – OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut.
TEHRAN, Oct. 29 (DAY) – Iran’s oil production has increased to 3.4 million barrels per day (bpd), the spokesperson for the Iranian Oil, Gas and Petrochemical Products Exporters’ Union said.
TEHRAN, Oct. 17 (DAY) – Iran’s oil production will increase to 3.5 million barrels per day from 3.3m bpd by the end of the current Iranian calendar year (March 19, 2024), said the National Iranian Oil Company (NIOC) managing director on Monday.
TEHRAN, Sep. 14 (DAY) – Iran continued to increase its oil production in August to reach a milestone figure of 3 million barrels per day (bpd), according to figures by the OPEC.
TEHRAN, Aug. 12 (DAY) – The CEO of Petroleum Engineering and Development Company (PEDEC) said that 1st phase of the Sepehr-Jufair fields development plan is completed, adding that oil production in those fields will kick off in the near future.
TEHRAN, Aug. 09 (DAY) – Iran’s crude production will rise to 3.5 million barrels per day (bpd) by September 22, 2023, the managing director of the National Iranian Oil Company (NIOC) said Wednesday.
TEHRAN, Jul. 05 (DAY) – Iran’s oil minister on Wednesday said his country has signed contracts worth $40 billion with domestic and foreign companies over the past 20 months.
TEHRAN, Jun 09 (DAY) – Crown Prince bin Salman privately threatened to harm the American economy after Biden warned Riyadh of “consequences” for agreeing on an oil production cut with Russia, an American newspaper reported, citing leaked material.
TEHRAN, Jun 03 (DAY) – OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told media outlets on Friday as oil prices fell towards $70 per barrel.