Energy Economy

The Islamic Republic of Iran has exported 337 million barrels of oil to China since the start of 2021 and the price of each barrel increased from 56 dollars to 97 dollars during this period, so the average oil price shows Tehran has not sold oil in cheap price. An …

An expert on energy said that all the three countries of Kuwait, Saudi Arabia and Iran can exploit the Arash joint gas field but due to the possible problems, they must trilaterally determine the borders. As regards Saudi Arabia and Kuwait’s joint program on the Arash joint gas field, Ali …

Iranian Customs Administration spokesman said that Iran’s non-oil trade reached its highest monthly level in years, rising to $11 billion and 538 million in value in the last month of the Iranian calendar year. Iranian Customs Administration spokesman Seyed Ruhollah Latifi said that 14 million and 539 thousand tons of …

Iraq’s electricity minister says the country has not reached an agreement with Arab countries of the Persian Gulf region and will need to import natural gas from Iran for the coming years. “We do not accept their [Persian gulf countries’] prices. Iranian natural gas is appropriate for Iraq and its …

Iran’s oil exports have seen a 40-percent rise and the capacity of oil production has reached pre-sanctions level despite sanctions and economic pressure, the CEO of National Iranian Oil Company (NIOC) said on Sunday. Mohsen Khojasteh-mehr said that Iran is in the first place of the world in aggregate oil …

The managing director of National Iranian Oil Company (NIOC) said that projects worth $8 billion have been defined for the development of the oil fields at the West Karoun region. One of these projects is development of phase 2 of South Azadegan field through establishment of a consortium of Iranian …

Iran’s Petroleum Ministry has undertaken necessary studies on developing and drilling in Arash joint gas field with Saudi Arabia and Kuwait, an Iranian official announced. The Iranian Ministry has also prepared the ground for development of Arash or Durra gas field, Ahmad Assadzadeh, deputy petroleum minister for international and commercial …

Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts. Oji said the contracts pertain to the development of oil fields, gas flares and gas fields as well as the …

The National Iranian Oil Company (NIOC) voices the country’s readiness to supply oil to the global market “at a maximum level,” saying Iran’s potential return to the market could effectively help stabilize soaring crude prices. NIOC Managing Director Mohsen Khojasteh-Mehr told IRNA on Friday that the new Iranian administration has …

Iranian Minister of Petroleum Javad Owji has said that the return of oil and gas revenues is accelerating this year despite the sanctions as compared to last year. “Return of revenues from the sale of crude oil, gas condensate, gas exports, petroleum products and petrochemical products has increased 2.5 times …