Energy Economy

Iran exported $594 million worth of non-oil products to Eurasian Economic Union (EAEU)’s member states, a commercial official said on Wednesday. Iran has exported $594 million of non-oil commodities to the EAEU so far, Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said at the …

Deputy Minister of Oil for Refining and Distribution Affairs Alireza Sadeghabadi said on Monday that the Persian Gulf Star refinery is effective to make Iran self-reliant for gasoline output and helped Iran boost export of oil derivatives as well. “Currently, an average of 48 million liters of gasoline and 17 …

Iranian Petroleum Minister Bijan Namdar Zanganeh underlined on Friday that the volume of Iran’s oil export has witnessed a sharp increase in recent days. The minister told reporters on the sideline of the 25th Oil, Gas, Refining and Petrochemical Exhibition that the US-imposed sanctions regime against Iran’s oil industry failed …

President Hassan Rouhani inaugurated the Persian Gulf Bid Boland Gas Refinery, the largest in the Middle East and other important oil projects in southern Iran on Thursday. Through a video conference, the President inaugurated the projects with investment of 4,590 million dollars. Persian Gulf Bid Boland Gas Refinery is inaugurated …

The Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, has said that given the very bad experience of 2020, the worst part of the crisis in the global oil market has been put behind it by the oil and gas industry. Barkindo spoke while participating via video-conference …

Iran’s non-oil exports to the Caucasus region will boom as Armenia is more interested in importing products from Iran rather than Turkey, a commercial official said. “Armenia’s interest in increasing imports from Iran instead of Turkey is considered as a golden opportunity for Iranian traders so that they should take …

General Saeed Mohammad announced that the development project of the Ahvaz oil field as the third-largest oil field in the world and the Reshadat oil field will be carried out by Khatam al-Anbiya construction Headquarters. The development project of Ahvaz oil field as the third-largest oil field in the world …

The National Iranian Oil Company (NIOC) signed eight deals worth €1.2 billion with domestic companies on Monday for developing the country’s oil fields, Shana reported. The deals were signed in a ceremony attended by senior oil industry officials including the Oil Minister Bijan Namdar Zanganeh. The mentioned contracts were inked …

Iran’s production of steel ingot gas reached 21,650,100 tons in the first nine months of the Iranian year (started on March 20, 2020), which shows an 8.3-percent rise compared to the same period last year. According to the tables published by the Ministry of Industry, Mining, and Trade, production of …

The first phase of Azar join oilfield will become productive soon, Head of Oil Industries Engineering and Construction (OIEC) Group Gholamreza Manouchehri announced. “Given the 97 percent progress of the joint field’s development plan, the first phase of this project is being operated and will be officially inaugurated soon,” Manouchehri …