Energy Economy

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 …

Iran’s LPG exports are set to stay near two-year peaks of around 500,000 mt in July and August, meeting China’s voracious appetite for cheaper petrochemical feedstock given the increase in the number of its propane dehydrogenation plants, trade sources said. The high volumes, which some sources estimate could exceed 500,000 …

Over 1.506 million tons of non-oil commodities worth $478.997 million was exported from Sistan-Baluchestan province in the southeast of Iran during the first four months of the current Iranian calendar year (March 21-July 22), a provincial official announced. Mohammad-Ali Khashi, the director-general of the customs department of Zahedan (the center …

New Iranian President Seyed Ebrahim Raisi hosted a meeting with the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo in Tehran on Friday, Shana reported. Barkindo briefed Raisi on the condition of the global oil market and emphasized the significant role of the Islamic Republic …

Russia’s permanent envoy to international organizations based in Vienna Mikhail Ulyanov voiced hope that Iran will back OPEC+ efforts to maintain stability on the oil market after sanctions against Tehran are lifted, he wrote on Twitter on Wednesday. “Hopefully after lifting of sanctions and restoration of its oil export Iran …

The value of Iran’s non-oil trade rose 47 percent during the first four months of the current Iranian calendar year (March 21-July 22), as compared to the same period of last year, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. According to the Head of the …

Iran has commissioned the Jask oil terminal and pipeline project along the Sea of Oman to bypass the Hormuz Strait for crude oil exports. Located near Jask port in the southern Hormozgan Province, the terminal has capacity to receive up to one million barrels per day (bpd) of light, heavy, …

Iranian heavy oil price increased $4.96 in June to register a 7.4-percent rise compared to the previous month, according to OPEC’s latest monthly report published on Thursday. Iranian heavy crude oil price followed its upward trend since the beginning of the current year to reach $71.68 per barrel in the …