Energy Economy

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: …

OPEC leader Saudi Arabia dismissed calls for speedier oil output increases on Thursday, saying its efforts with allies were enough and protecting the oil market from the wild price swings seen in natural gas and coal markets. “What we see in the oil market today is an incremental (price) increase …

A global transition to “clean energy” is still far too slow to meet climate pledges and risks fueling even greater price volatility, the International Energy Agency (IEA) said yesterday. “We are not investing enough to meet future energy needs and the uncertainties are setting the stage for a volatile period …

Generation of electricity at the 1st phase of Bushehr Nuclear Power Plant in southern Iran has hit 50 billion kWh, head of Atomic Energy Organization of Iran (AEOI) announced on Sunday. Based on the preliminary studies, Iran can obtain 8,000 MW of from the nuclear power, Mohammad Eslami said according …

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 …