Energy Economy

A member of energy commission in Majlis (the Parliament) said that oil export of the Islamic Republic of Iran was gradually increasing. Iranian lawmaker Mousa Mousavi said on Saturday that Iran’s oil export has been growing despite oil industry being under sanctions. He said that with plans in place, Iran …

Rosneft CEO Igor Sechin warned Nov. 12 of a potential super-cycle in oil and gas markets amid fears of a continued rapid growth in demand outpacing supplies. The warning comes as pressure mounts on the need to ease surging energy prices, with oil hovering near three-year highs and volatility in …

Current oil prices at around $80 per barrel adequately reflect the situation on the market, Russian Deputy Prime Minister Alexander Novak told Rossiya-24 in an interview after the OPEC+ meeting, Oilprice anaylsed. There are a number of both bullish and bearish factors that will determine where prices will go in …

Iran registered a monthly non-oil trade balance of $650 million in the seventh Iranian calendar month Mehr (September 23-October 22), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi put the monthly non-oil trade at 19.554 million tons worth $9.886 billion. The non-oil export was …

Current oil prices at around $80 per barrel adequately reflect the situation on the market, Russian Deputy Prime Minister Alexander Novak told local TV Rossiya-24 in an interview after the OPEC+ meeting. There are a number of both bullish and bearish factors that will determine where prices will go in …

Spokesman for Islamic Republic of Iran Customs Administration (IRICA) said that 29,709,000 tons of non-oil products, valued at $9.413 billion was exported in two Iranian months of Shahrivar and Mehr (from Aug. 23 to Oct. 22). Seyyed Rouhollah Latifi broke the news on Tuesday, saying that 9,686,000 tons of non-oil …

Another big decline in Iran’s stock market on Sunday has highlighted the precarious state of the economy amid uncertainty over the future of nuclear talks. The Tehran stock market index dropped by about 30,000 points, bringing it close to 1.2 million points, down from more than 1.4 million in early …

Third Iran-Germany Joint Energy Committee meeting will be held on Tuesday, October 25, Trend reports citing ILNA. The meeting will be held online, via a video conference. The Iranian delegation will be represented by Oil Minister Jawad Owji. According to ILNA, the first Iran-Germany Joint Energy Committee meeting was held …

Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami rapped Washington and the European states for their non-commitment and inaction towards the nuclear deal. Eslami made the remarks in a meeting with Austria’s Ambassador to Tehran Wolf Dietrich Heim on Wednesday. “It was only the Islamic Republic, which …

Managing Director of National Iranian Oil Company (NIOC) has said his company is going to benefit from the potentials of the country’s private sector to maximize oil and gas condensate sales in the future, Shana reported. Referring to the NIOC plans in the oil sales sector, Mohsen Khojasteh Mehr said: …