Energy Economy

Iran is to construct an oceanic port in the Sea of Oman where the country’s largest oil terminal will be built. Iranian Minister of Roads and Urban Development Mohammad Eslami said the project is aimed boosting the country’s crude exports. “We have always wanted to take [Iran’s] oil exports beyond …

President Rouhani said Thur. that if the US lifts sanctions, Iran will have warmer relations with the International Atomic Energy Agency (IAEA) and the agency’s monitoring will be carried out according to the law. “From the start, we were interested in cooperating with the International Atomic Energy Agency (IAEA), and …

Iranian Energy Minister Reza Ardakanian announced that Iraq would pay its arrears to Iran as part of an agreement with Tehran, saying that the neighboring country will fully pay its debts. “There is no reason to worry about payments related to electricity exports to Iraq as this is carried out …

Iran’s non-oil foreign trade stood at 134 million tons worth $65.5 billion during the 11 months ending February 18. According to Ruhollah Latifi, the spokesman of the Islamic Republic of Iran Customs Administration, 103 million tons of commodities worth $31.2 billion were exported, while around 30.8 million tons of goods …

Iran’s minister of energy said on Tuesday that the Iranian engineers are among the most advanced builders of hydraulic megastructures, such as dams and tunnels. These advances are not confined to Iranian borders and several dams and tunnels in other countries have been built by Iranians, Reza Ardakanian said addressing …

Iran has traded 134 million tons of non-oil commodities worth $65.5 billion in the first 11 months of the current Iranian calendar year (March 20, 2020-February 18, 2021), according to the head of the Islamic Republic of Iran Customs Administration (IRICA). As reported by IRIB, during the mentioned period, 103 …

Iran will launch direct shipping lines to South African and Latin American states in the near future, Head of the Commission for Trade Development and Non-oil Export Development of Iran Chamber Of Cooperatives Babak Afqahi said. Consultations were made with relevant officials, Iran will launch direct shipping lines to South …

Qatar aims to be the world’s biggest producer of liquefied natural gas for at least the next two decades, capitalising on rising demand as the world transitions from oil and coal to cleaner energy. Qatar will spend billions of dollars expanding its LNG capacity more than 50% to 126mn tonnes …

A UN spokesman has reacted to Iran’s decision to limit the International Atomic Energy Agency’s inspection of country’s nuclear facilities. The United Nations is calling on Iran to fully cooperate with the International Atomic Energy Agency (IAEA), UN spokesman Farhan Haq said, commenting on Tehran’s plan to limit IAEA inspections …

Iran has continued its push toward retaining the oil market share as the country added more barrels to its daily production in January compared to the previous month, data published by OPEC showed. Iran’s crude oil output averaged 2.08 million barrels per day last month, an increase of 62,000 bpd …