Reports say Iran has already been able to increase its oil exports to levels that existed before sanctions were imposed on the country in 2011.
Iran says it has no intention to forge an agreement with other major crude producers to freeze its oil output at current levels.
Iran’s media say the country’s Oil Minister Bijan Zangeneh will attend the 15th Ministerial meeting of the International Energy Forum (IEF) which will open in Algiers on 26 September.
Iran has refreshed its pledge to increase its oil production to pre-sanctions levels within the next few months.
Iran says it is ready to increase its oil output to levels that existed before the sanctions were imposed against the country.
Latest figures show a major rise in Iran’s oil exports to Asia in a yet another indication that the country is moving faster toward its goal a to reach pre-sanctions production levels.
A first post-sanction cargo of Iranian oil for Poland will be arriving soon as the major OPEC producer continues to claw back market share around the world.
Russian says its biggest private oil firm Lukoil is considering participating in the development of two oil fields in Iran – a move that would make Russia that first European country to invest in Iran’s oil industry after the removal of the sanctions in January.
Traders say they have seen more signs that Iran is clawing back the share of the global oil market it lost as a result of multiple years of sanctions.
More indications have appeared to show that India is increasing its imports of crude oil from Iran after disputes between the two countries over settling outstanding debts from previous purchases have been resolved.
The Islamic Republic of Iran and the Spanish energy company, Repsol S.A., have signed an agreement that doubles Iranian oil exports to the European country.
Recent official figures show that China’s imports of crude oil from Iran jumped by 19.5 percent in May compared to the same period last year.
Minister of Petroleum Bijan Zangeneh says Iran will continue to ramp up oil production until it returns to levels before sanctions cut its exports.
Iran’s Petroleum Minister Bijan Namdar Zangeneh says the country’s recent oil surge has not negatively affected the global oil market.
Only months after Iran announced a new format of oil sector contracts, indications are appearing that the country may make some key changes in them.
The latest market figures show that imports of Iran’s oil by the country’s Asian clients increased by more than 13 percent in April from a year ago, confirming recent indications that the country is regaining the share of the oil market it lost as a result of sanctions “faster than expected”.
Iranian Minister of Petroleum Bijan Zangeneh will meet his Indonesian counterpart in Tehran on Monday to discuss fresh energy cooperation, the Shana news agency says.
A new report says India’s largest oil company seeks to operate an Iranian oil field in the Persian Gulf.
Kuwait said on Friday that it is in favor of signing an agreement to freeze oil production at the OPEC summit in early June, but emphasized that such an agreement will be impossible without the participation of Iran.
The latest market figures show that oil exports in April reached the highest level in over four years – a yet another indication that the country is regaining the share of the market it lost as a result of the sanctions at a faster pace than expected.
A new report says India seeks to settle billions of dollars in oil debts to Iran through a Turkish bank.