Energy Economy

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 …

The value of Iran’s oil products export increased 40 percent in the first half of the present Iranian calendar year (March 21-September 22), as compared to the same period of time in the past year, the boar director of Iranian Oil, Gas and Petrochemical Products Exporters Union (OPEX) announced. Hamid …

US sanctions on Iran and Venezuela’s oil and gas need to be lifted if the world wants oil prices to decrease, says, the Turkish foreign minister. Speaking at a news conference in the southern Mersin province, Foreign Minister Mevlut Cavusoglu dubbed the US criticism “bullying,” as Ankara threw its weight …

Iran’s Minister of Energy Al-Akbar Mehrabian highlighted the country’s cooperation with Latin American states and called for fostering relations with Nicaragua. Mehrabian made the remarks at a video conference with a Nicaraguan delegation. Referring to the history of Iran’s cooperation with Latin American countries, including Nicaragua and Venezuela, the minister …

Statistics showed that 38,650,000 tons of non-oil goods, valued at $24.198 billion, were exchanged between Iran and 15 neighboring states in the first half of the current year, showing a seven percent growth. Iran’s trade value with neighboring states registered a seven percent from March 21 to September 23, registering …

The Iranian deputy oil minister says Russia’s state-run oil company Gazprom is going to develop six oilfields and two gas fields in the Islamic Republic. Ahmad Assadzadeh added that Iranian and Russian officials have agreed during talks in Moscow to fast-track plans to finalize deals to this end. Assadzadeh expressed …

Iran and Kazakhstan agreed on a unified tariff rate and 5 million tons of freight transit. On the sidelines of the first ministerial meeting on transit cooperation in Tehran, Iran’s minister of Roads and Urban Development, Rostam Ghasemi, and Kazakhstan’s Minister of Industry and Infrastructural Development, Uskenbayev Kairbek Aitbayevich, met …