Energy Economy

The value of Iran’s non-oil export to its neighboring countries increased 22 percent in the first four months of the current Iranian calendar year (March 21-July 22), as compared to the same period of time in the past year, the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) …

Iranian authorities announced that domestic contractors have finished pipe laying operation for a major natural gas project in the Persian Gulf despite the US sanctions. About 15 kilometers of pipe laying, including for a 32-inch undersea sour gas pipeline, had been completed in the project. The project was a major …

Iran’s non-petroleum foreign trade rose 19% in the month ending July 22, 2022, standing at nearly $9 billion, says an Iranian official. A spokesman for Iran’s Customs Office also said the country exported well over 7 million tonnes of non-oil goods worth more than $4 billion over the one-month period, …

The Iraqi Ministry of Electricity says it is in talks with Iran for securing a rise in imports of natural gas from its eastern neighbor as Baghdad works to inaugurate new power plants fueled by natural gas. Ahmad al-Ebadi, a spokesman for the ministry, said the volume of gas imports …

Iran has earned as much money from the export of gas in the past four months as it had received during the whole last year, the oil minister said. Speaking to reporters on the sidelines of a cabinet meeting on Wednesday, Oil Minister Javad Owji said the income generated by …

Iran exported non-oil products valued at $2.264 billion to the United Arab Emirates (UAE) in the first four months of the current Iranian calendar year (March 21-July 22), according to the data released by the Islamic Republic of Iran Customs Administration (IRICA). Based on the IRICA data, the UAE was …

Turkey plans to purchase more oil and gas from Iran amid greater energy needs and developing ties between the two countries, President Recep Tayyip Erdogan has announced. Making the remarks in an interview with the state-owned broadcaster, TRT Haber, on Monday, Erdogan said: “Turkey will increase its purchases of oil …

The spokesman of the Energy Commission of Iranian Parliament Malek Shahriati announced the discovery of a new gas field north of the South Pars gas field in southern Iran, Trend reports citing YJC. The gas field is estimated to hold 1 trillion cubic meter of natural gas in its reserve. …

Syrian Minister of Oil and Mineral Resources described cooperation between the oil ministries of Iran and Syria as good, emphasizing that the two countries have high capacity to increase bilateral cooperation in oil sector. Bassam Tomeh made the remarks on Sunday on the sidelines of the 3rd International Exhibition of …

The CEO of Iran’s Petroleum Engineering and Development Company (PEDEC) said that the memorandum of understanding on investment signed between Iran and Russia was an example of a win-win deal. The implementation of the MoU could pave the way for positive developments in Iran’s oil and gas industry, Abouzar Sharifi …