Energy Economy

Statistics of the Ministry of Industry, Mine and Trade said that export of petrochemicals and gas condensates in the first four months of the current year (from March 21 to July 23) increased 38.8 percent. In this period, the export of petrochemicals and gas condensates registered a 38.8 percent hike …

Senior officials of the Islamic Republic of Iran and Russian Federation expressed their readiness to enhance bilateral cooperation in all fields especially in economic areas in spite of sanctions imposed against the country. Speaking a meeting with managers of 15 high-ranking Russian companies in various fields of energy, oil and …

The secretary of the Iran-South Korea Joint Chamber has said that Iran has exported 32.5 million dollars to South Korea during the first five months of the current Iranian year. Iran exported 32.5 million dollars to South Korea during the first five months of the current Iranian year, Pooya Firozi …

Rejecting the seizure of Iranian vessel in Baku, Khazar Sea Shipping Lines Company (KSSLCO) said that the bad weather conditions on way to destination is the main reason for temporary stay of the vessel in Baku. The Iranian vessel belonging to Khazar Sea Shipping Lines Company, headed from Bandar Anzali …

Oil Minister Javad Oji has said 260 trillion rials (about $902.9 million) has been allocated for the implementation of the National Iranian Gas Company (NIGC)’s priority projects in the current Iranian calendar year (started on March 21). Oji made the remarks in an Oil Ministry committee meeting held on Sunday …

Iran’s exports to neighboring Turkey show a 49 percent growth in the first eight months of 2022. According to the Statistical Department of Turkey, Iran exported $2.382 million worth of products to Turkey in the eight months of 2022, showing a 49 percent growth compared to the same period last …

Iranian Oil Minister Javad Owji says Iran and Japan should work to expand their economic cooperation regardless of the sanctions in place against the Islamic Republic, adding Tehran can play a major role in fulfilling the East Asian state’s energy needs. Paying an official visit to Tokyo, Owji held a …

Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi says the agency has started talks with Iran to iron out differences over the outstanding safeguards issues. Grossi released on his Twitter page a picture of his meeting on Monday evening with the head of the Atomic Energy Organization …

Venezuela’s President Nicolas Maduro says the country has received an advanced oil tanker from Iran as part of a contract between Tehran and Caracas based on which the Islamic Republic has so far delivered three advanced vessels to the South American country. “We have just received a ship with the …

The value of Iran’s non-oil trade with member states of the Shanghai Cooperation Organization (SCO) has increased by 31 percent in the first five months of the current Iranian calendar year (March 21-August 22), according to the spokesman of the Islamic Republic of Iran Customs Administration (IRICA). Ruhollah Latifi said …