Energy Economy

Secretary-General of Iran-Iraq Joint Chamber of Commerce said that Iran’s export of non-oil goods to Iraq in first six months of the current year hit 28 percent growth as compared to the same period of last year. Jahanbakhsh Sanjabi Shirazi broke the news on Friday and reiterated that Iran’s export …

Sri Lankan Energy Minister Udaya Gammanpila emphasized developing bilateral cooperation with Iran. Speaking in a meeting with CEO of Tehran Oil Refining Company Hamed Armanfar, Gammanpila referred to Tehran-Colombo common interests, expressed satisfaction over bilateral cooperation, and stressed the importance of maintaining technical, engineering, and economic interactions in oil and …

Iran’s oil minister has said that his country intends to raise $145 billion in domestic and foreign investments to improve its oil industry in the next 4-8 years, underlining the importance of cooperation with Chinese companies. Javad Owji in a meeting with the head of China Petroleum and Chemical Corporation …

Iranian Oil Minister Javad Oji has said his ministry is making necessary arrangements and planning for attracting $125 billion of foreign and domestic investment in the country’s oil industry within the next four to eight years, Shana reported. Making the remarks in a meeting with the Head of China Petrochemical …

Spokesman for Islamic Republic of Iran Custom Administration (IRICA) said that $5 billion worth of non-oil goods was exchanged between Iran and Economic Cooperation Organization (ECO) member states from Mar. 21 to Aug. 21. About eight million tons of non-oil goods, valued at $5 billion, were exchanged between the Islamic …

The discussion of Iran’s nuclear program at the upcoming session of the Board of Governors of the International Atomic Energy Agency (IAEA) should not have a negative impact on the prospects of the Vienna talks on the Joint Comprehensive Plan of Action (JCPOA). This opinion was expressed by Russian Permanent …

New Oil Minister Javad Owji says the “tyrannical” U.S. sanctions have deprived Iran of 1.8 billion barrels of oil exports and more than $100 billion of revenues. Addressing the first OPEC Plus meeting in Vienna since being named to the new post, Owji also touched on the US embargo against …

The value of Iran’s non-oil trade rose 38 percent during the first five months of the current Iranian calendar year (March 21-August 22) as compared to the same period of time in the past year, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Speaking to the …

New Oil Minister Javad Owji says the country would move to regain its position as an influential member of the Organization of Petroleum Exporting Countries (OPEC). Owji said on his first day of work in the Oil Ministry that Iran would seek to increase its crude exports amid a recovery …

Director-General of Trade Promotion Organization of Iran (TPO)’s Office of Arabian and African Countries put Iran’s export of non-oil products to Syrian Arab Republic at 36 percent in the first four months of the current year. Speaking in an interview with FNA on Sat., Farzad Piltan reiterated that country’s export …