Energy Economy

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 …

Iranian Oil Minister Javad Oji has stressed that the global energy market needs an increase in the supply of Iranian oil, saying: “As a major producer of oil and petroleum products, we are always ready to play our role in maintaining global energy security away from politics.” Speaking after an …

Statistics showed that Iran’s non-oil exports value from August 23, 2021 to June 21, 2022 topped $44 billion, showing a hike as compared to the same period of last year. Iran exported 104.452 million tons of non-oil goods, valued at $44.254 billion since the 13th government under President Raeisi took …

Tehran is ready to increase its oil exports immediately after the sanctions are removed, Iranian Minister of Petroleum Javad Owji said on Friday, noting that in the first year of the 13th Iranian Government, over $100 billion of oil and gas agreements have been signed. Owji said on Friday on …

Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami says the country should become a hub for the designing and building of nuclear power plants in the coming years. Eslami said on Thursday that an ongoing global fuel crisis had made the use of nuclear energy more relevant. …

Iran’s Oil Minister Javad Oji says the Islamic Republic has a good capacity to produce oil and gas and their commodities and is thus capable of partly relieving the energy shortage in the world. Oji said energy prices are out of control in the world and big petrochemical companies in …

National Iranian Oil Company (NIOC) is planning to boost the country’s oil production to 4.038 million barrels per day (bpd) in the current Iranian calendar year (ends on March 20, 2023), Shana reported on Monday, quoting an official with the company as saying. According to Hormoz Qalavand, NIOC’s director of …