Official selling price of Iranian oil in January 2025
According to the National Iranian Oil Company, the price of Iranian light oil in January 2025 for supply to the Asian market will be $1.35 higher than the base price (Oman/Dubai crude oil price).
Khark Oil Terminal plays a vital role in achieving the oil industry’s major goals
Emphasizing the strategic position of the Kharg Oil Terminal, the CEO of the Iranian Oil Terminals Company introduced transformation and innovation as the company's main strategies, and considered special attention to human resources as the key to development and improving productivity.
Providing $23 billion from the National Development Fund for 60 oil and gas projects
The chairman of the National Development Fund's executive board said: "The Economic Council has passed a resolution to increase oil production by 250,000 barrels per day, which the Fund is participating in financing."
Tripartite Memorandum of Understanding for the Plan to Revive Closed and Low-Productivity Oil Wells
A tripartite memorandum of understanding for the implementation of the Note to Article 13 of the Economic Council's resolution for the plan to revive closed and low-yielding oil wells was signed between the Innovation and Prosperity Fund, the National Iranian Oil Company, and the Oil Industry Technology and Innovation Park.
Oil Minister: Country’s oil production capacity will increase by 250,000 barrels per day
The Minister of Oil announced an increase in oil production capacity to about 250,000 barrels per day.
Filing a case against former oil and interior ministers and the head of the environment department
A spokesman for the judiciary announced: "A special criminal case has been opened against three defendants, including the former ministers of oil, interior, and the head of the Environmental Protection Agency, and in accordance with the law, five of the managers at the time have been sentenced."
Reasons for the failure of the sanctions on Iran’s oil fleet
The second Trump administration is seeking to impose sanctions on 35 companies and ships to increase pressure on Iran, but experts believe that market conditions and the lack of support from China and Arab countries will prevent this from happening.
US sanctions against Iran have not stopped oil exports, they have only changed their direction
Chevron's CEO announced that Washington's current sanctions against Tehran have only changed the export route of Iranian oil shipments.
Abbas Akhundi: China did not give us $21 billion of our oil money!
Abbas Akhundi revealed the nature of China-Iran relations during Ahmadinejad's reign.
The Statistics Center announced that GDP growth was driven by oil
According to a report by the Statistical Center of Iran, in the first 6 months of this year, we witnessed a 4% economic growth in gross domestic product with oil.