AMIR HeydariTEHRAN, Mar. 04 (DID) – The Organization of the Petroleum Exporting Countries (OPEC), along with 10 other nations together known as OPEC Plus agreed on Sunday to extend output cuts of 2.2 million barrels per day into the second quarter of 2024.
AMIR HeydariTEHRAN, Jan. 20 (DAY) – Iran’s oil revenues in the first nine months of last year (January to September 2023) reached $34 billion, accounting for 12% of OPEC member states’ total oil income.
AMIR HeydariTEHRAN, 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.
AMIR HeydariTEHRAN, 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.
AMIR HeydariTEHRAN, 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.
AMIR HeydariTEHRAN, 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.
AMIR HeydariTEHRAN, 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.
AMIR HeydariTEHRAN, 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.
AMIR HeydariTEHRAN, 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.
AMIR HeydariTEHRAN, 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.
