The EU’s diplomatic chief on Friday attacked the US over its use of economic sanctions, after Washington opened the way to measures over Russia’s controversial Nord Stream 2 gas pipeline. Josep Borrell, the EU’s high representative for foreign affairs, said Washington’s secondary sanctions on those doing business with its foes …
Read More »Iran Bracing to Enhance Oil Recovery at Azar Oilfield
The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. Inauguration of the facility …
Read More »Iran to Put 250 Huge Energy Projects on Stream by Yearend
Iranian Energy Minister Reza Ardakanain said that 250 major water and electricity projects will become operational by the end of the current Iranian calendar year (March 20, 2021). Ardakanian said that according to a major program called “A-B-Iran” [in Farsi the acronyms A and B stand for water and electricity …
Read More »Oil Minister: US Fails to Hamper Iran’s Activities by Imposing Sanctions
Iranian Oil Minister Bijan Zangeneh underlined that Washington has been unable to bring the Islamic Republic’s energy and oil activities to a halt despite unilateral sanctions imposed on the country. “We have managed to overome the US sanctions and engage in our oil trade activities,” Zangeneh said. He, meantime, pointed …
Read More »Iran’s Annual Propylene Production to Reach 3mln Tons
Iran planned to speed up implementation of petrochemical projects with the aim of increasing the capacity of propylene- colorless gas- production to three million tons in a year, said an official of the Oil Ministry on Sunday. Deputy Oil Minister Behzad Mohammadi made the remarks according to a report by …
Read More »Oil Minister Discusses Broadening of Ties with Iraqi Counterpart
Iranian Oil Minister Bijan Namdar Zangeneh in a phone call with his Iraqi counterpart Ihsan Abdul Jabbar called for more cooperation between the two brotherly and friendly neighbors. Zangeneh congratulated Abdul Jabbar on his designation as the new Iraqi oil minister in Mustafa al-Kadhimi’s administration. During the phone call, both …
Read More »Armenian Ambassador Asks for Revival of Strong Trade Ties with Iran
Armenian Ambassador to Tehran Artashes Toumanian in a meeting with Head of Trade Promotion Organization of Iran (TPOI) Hamid Zadboom underlined the necessity for the revival of trade relations between the two countries which were affected by the coronavirus outbreak.
Read More »Iran to Experience 7% Inflation Decline in Ten Months
Iran’s economy will experience an inflation decline by approximately 7% in late March next year, according to an analytical report.
Read More »Gas Flow Halted Due to Turkey’s Lack of Cooperation
Iranian Oil Minister Bijan Namdar Zanganeh criticized Turkey's lack of cooperation on repairmen of the blasted Iran-Turkey natural gas pipeline.
Read More »Condensate Refineries Stymie US Anti-Iran Sanctions
Iran is in the brink of halting export of gas condensates and is instead going to process the ultra-light oil in its new refineries to produce higher-value chemicals, oil Minister Bijan Namdar Zangeneh said.
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