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Iran eyes $145b investment in oil industry: Minister
Iranian Minister of Oil Javad Owji said plans are underway to attract $145 billion from Iranian and foreign investors in the oil industry within the next four to eight years.
Iran’s oil minister appoints special envoy on Iraq
Iran’s Oil Minister Javad Owji for the first time appointed a special representative for petroleum issues involving neighboring Iraq.
OPEC cuts Q4 crude demand estimates on Delta variant uncertainty
OPEC cut its forecast for global fourth-quarter crude oil demand on the back of the rise in the prevalence of the Delta COVID-19 variant clouding the future demand picture.
Iranian Ministry of Petroleum welcomes any kind of investment
Iranian Minister of Petroleum Javad Owji said, “We welcome any domestic and foreign investment for development of gas fields with the priority of maintaining the production of the South Pars gas field; as the current trend continues, we will become gas importers in the coming years.”
Oil sale, unfreezing Iran’s assets among pressing matters: Raeisi
President Seyyed Ebrahim Raeisi called on his economic team to shift the focus on efforts to normalize the sale of oil and ensure the release of Iran’s funds blocked abroad.
Iran warns US against blocking fuel shipments to Lebanon
Tehran never withheld friendly hand from Riyadh: Spokesman
OPEC+ could reconsider output increase, says Kuwaiti oil minister
Kuwait’s oil minister said on Sunday that the 400,000 barrel per day increase in oil output agreed by OPEC+ nations in previous gatherings might be reconsidered at its next meeting on Sept. 1.
Oil steadies near $71 after two-day rally
Oil prices steadied near $71 a barrel on Wednesday, taking a breather after a strong rally in recent days as Mexico was set to resume crude production following a major outage.
Oil jumps 3% on weaker dollar after days of losses
Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.
Iran raises September crude prices for Asian customers
The National Iranian Oil Company (NIOC) increased the September official selling prices (OSPs) for crude deliveries to customers in Asia.
Iran’s nominee for oil minister says he will push for increased gas output
The nominee to take over the position of Iran’s oil minister in the new administrative government led by President Seyyed Ebrahim Raeisi said he’ll push for increased natural gas output beyond the current enviable record of nearly one billion cubic meters per day.
Raeisi nominates Javad Owji as new petroleum minister
Iranian President Seyyed Ebrahim Raeisi nominated Javad Owji as the proposed minister of petroleum for a vote of confidence in the Islamic Consultative Assembly.
US military forces have no legal mandate to operate in Syria: Russia
The Russian Embassy in Washington said US military forces deployed to the oil-rich northeastern part of Syria have no legal mandate to stay in the Arab country under the allegations of fighting the Daesh terrorist group.

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