Energy Economy

Iran’s oil exports continued their upward trend in August to reach 1.85 million barrels per day (bpd), Bloomberg reported, citing TankerTrackers.com which provides data on oil cargoes to governments, insurers and other institutions. The increase in Iranian shipments comes in the same month that key OPEC+ producers Saudi Arabia and …

Iran’s oil minister said Iran’s oil production capacity has increased 40 percent with the rise in investment in semi-finished oil projects. Since the beginning of the administration of President Ebrahim Raisi (August 2021), increasing investment opportunities in the oil industry’s projects has been prioritized as one of the key factors …

Regarded as the most important gas project in the country, Phase 11 of the South Pars Gas Field was inaugurated in a ceremony in Assaluyeh, Iran’s southern province of Bushehr, on Monday with President Ebrahim Raisi and Oil Minister Javad Owji in attendance. Construction of Phase 11 of the South …

Non-oil commodities worth $1.738 billion were exported from Khuzestan province, in the southwest of Iran, during the first four months of the current Iranian calendar year (March 21-July 22), an official with the customs department of the province announced. Behrouz Qareh-Beygi put the weight of exported commodities at 6.572 million …

Iranian Energy Minister Javad Oji said on Monday that the country’s Supreme Economic Council has defined new projects with a total investment of $36 billion to improve energy consumption efficiency in various sectors, Shana reported. Speaking at the opening ceremony of the Iran Energy Efficiency Conference (IREEC 2023), Oji said: …

Iran and Armenia have signed an agreement to extend the term of the existing contract under which Tehran exports natural gas to Yerevan in exchange for electricity until 2030. The revised agreement requires Iran to expand the volume of its gas supply to Armenia in exchange for electricity from the …

Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami has declared Tehran is successfully producing heavy water derivatives, a groundbreaking achievement in nuclear technology and medical research. Eslami told IRIB News on Tuesday that the AEO has been pursuing a “combination of laser and biotechnology” to work on …

Total electricity produced at Iran’s only nuclear power plant after some 12 years of activity has reached 60 billion kilowatt hours (kw/h), according to the country’s nuclear chief. Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami said on Sunday that the electricity produced at the Bushehr Nuclear …

The value of Iran’s non-oil trade reached $35.445 billion in the first four months of the current Iranian calendar year (March 21-July 22), according to the data released by the Islamic Republic of Iran Customs Administration (IRICA). Based on the mentioned data, Iran exported 45.758 million tons of non-oil commodities …

A senior Iranian businessman says a recent deal between Iran and Iraq to swap Iranian gas and electricity for Iraqi crude oil and mazut will benefit Iran and will remove hurdles created by the US in energy trade between them. “With this agreement with Iraq for the barter of oil …