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Iran achieves 60% of annual oil revenue target amid war

Oil & Gas‚ Oil and Gas Industry | intent | July 27, 2026 | Comment off

Despite the challenges posed by war, sanctions, and trade restrictions, Iran’s Ministry of Oil maintained crude oil production and exports, achieving approximately 60% of the annual oil revenue target in the first months of the Iranian year 1405 (started late March 2026). The ministry generated $18 billion in oil revenue, including $11.5 billion during the war and $6.5 billion during the ceasefire, while transferring around $11 billion to the state treasury.

Ministry of Oil considers granting 40 percent of production to the Eni, Adnoc and Total coalition a violation of Libyan legislation

Oil & Gas‚ Oil and Gas Industry | intent | December 20, 2023 | Comment off

The Director of the Media Office at the Tripoli based Libyan Ministry of Oil and Gas, Ahmed Al-Tarhouni, told Libya Herald, that talk of the National Oil Corporation’s (NOC) intention to contract with a coalition of Eni / Adnoc /Total and grant them a 40 percent share of production is a legal violation that should be alerted to.