Iran’s First Vice-President Es’haq Jahangiri said the country’s oil, gas, and petrochemical industries have nullified the US sanctions, noting that the oil ministry has managed to implement huge projects. “Iran’s oil, gas and petrochemical industries have thwarted the American sanctions,” Jahangiri said on the sidelines of the 25th International Oil, …
Read More »Iran to Increase Non-Oil Exports to Caucasus
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 …
Read More »Iran to Start Producing Oil from Azar Joint Field Soon
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 …
Read More »Iran’s Energy Minister Sees Iraq’s Visit Fruitful
Iranian Energy Minister Reza Ardekanian on Tuesday described his talks with senior Iraqi officials, including Prime Minister Mustafa al-Kadhimi during his visit to Baghdad as constructive and successful. Ardekanian and his accompanying delegation left Baghdad for Tehran late on Tuesday after day-long intensive talks with the Iraqi high-ranking officials. During …
Read More »Rumor: Apple will Start Production of Its Self-Driving Car by 2024
Apple is moving forward with its electric self-driving car technology after all, and will start production in 2024, according to a report from Reuters. Apple plans to produce a passenger vehicle that could include its own battery technology. Apple first started to design its own vehicle way back in 2014, …
Read More »Iran has Exported 700,000 bpd of Oil since March
Iran’s average oil exports have been 700,000 barrels per day since March, the country’s deputy head of Budget and Planning organisation said on Wednesday, in defiance of U.S. sanctions aimed at dropping Tehran’s main source of income to zero. “The average oil sales so far this (Iranian) year have been …
Read More »Iran Eying 15% Rise of Non-Oil Exports in H2
Iran’s Deputy Minister of Industry, Mine and Trade Hamid Zadboum said the country is considering to increase export of non-oil products by 15% in the second half of the current Iranian calendar year (September 22, 2020 -March 20, 2021). “Although spread of the coronavirus disease has decreased global trade almost …
Read More »Germany Warns Ankara against ‘Provocation’ in East Med as Turkish Survey Ship Sets Sail
German Foreign Minister Heiko Maas urged Turkey to refrain from “provocation” in the Eastern Mediterranean, while signalling support for Cyprus and Greece in gas drilling dispute. “Ankara must end the interplay between detente and provocation if the government is interested in talks – as it has repeatedly affirmed,” Maas said …
Read More »Iran Ups Gas Output in Parsian Refinery by 9 Percent Y/Y
CEO of Parsian Gas Refining Company Farshid Abdali Dehdezi announced a 9% year-on-year increase in the production of gas and gas condensates in the first six months of the current Iranian year (March 21, 2020-September 21, 2020) Abdali Dehdezi pointed out that his company supplied 10.34 billion cubic meters of …
Read More »Iran to Recover 1bcm of Gas from Sarajeh Facility
CEO of the Iranian Central Oil Fields Company Ramin Hatami said the ICOFC had planned to produce over a billion cubic meters of gas from Sarajeh gas storage facility in winter. “A sum of 902 million cubic meters of gas was recovered from Sarajeh facility last year,” Hatami said, adding, …
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