Energy Economy

Iran’s Oil Ministry said in a report that Iran and Armenia have renewed a contract for the swap of Iranian gas for Armenian electricity as Armenian Prime Minister Nikol Pashinyan was in Tehran for an official visit on Tuesday, Press TV reported. Deputy Oil Minister Majid Chegeni, who signed off …

The Iranian oil minister said Russian investors and companies have finalized a contract for developing 7 oil and gas fields with Iran worth $4.5 billion, and some projects have achieved 7 to 35% physical progress so far. Speaking in a coordination meeting with the representatives of different working groups of …

Iran’s non-oil exports have registered a 25 percent increase in the Iranian calendar month to October 22 in comparison to figures from a month earlier, according to the spokesman of the Ministry of Industry, Mine and Trade. Writing on his official Twitter account, Omid Qalibaf also put Iran’s imports during …

The 16th Iran-Russia Joint Economic Commission will be hosted by Russia from October 30 to November 1. Iranian Oil Minister Javad Owji is the head of the Iranian delegation of this joint commission and Alexander Novak, the deputy prime minister of Russia, is also the head of the Iran-Russia joint …

The value of Iran’s non-oil export rose 5.6 percent during the first seven months of the current Iranian calendar year (March 21-October 22) as compared to the same period of time in the past year, the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) said. According to Morteza …

President Ebrahim Raeisi arrived in northwestern city of Zanjan on Thursday moirning and inaugurated a major power plant there. President Ebrahim Raeisi arrived in the city of Zanjan province this morning for a one-day visit to the northwestern province. Upon his arrival, the president inaugurated 6 power plants, including two …

Iranian Oil Minister voiced Iran’s readiness to cooperate with all the members of the Gas Exporting Countries Forum (GECF) in all areas of development of the gas industry. Speaking to Shana News Agency on the sidelines of the 24th GECF ministerial meeting, Javad Owji stated that Iran is one of …

Head of Iran’s Planning and Budget Organization (PBO) Masoud Mirkazemi said a recently formed consortium of Iranian banks and companies is going to invest $27 billion in the country’s oil and gas sector, IRNA reported. “Recently, good cooperation has been established between the Planning and Budget Organization and the Oil …

Statistics showed that $2.7 billion worth of foreign investment made in the Iranian oil and gas sector in first half of the current Iranian year of 1401 (from Mar. 22 to Sep. 22), the total of which belongs to Russia Russian companies’ investment made in Iran has been approved by …

Iranian Foreign Minister Hossein Amir-Abdollahian met with the Speaker of the National Assembly of Armenia, Alan Simonyan on Saturday in Yerevan. During the meeting, Amir-Abdollahian pointed to Iranian government’s priority in cooperation with neighbors and emphasized the importance of respecting the sovereignty and territorial integrity of Armenia like other neighbors …