Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil minister emphasized prioritizing refining projects based on the available financial resources, and stated that attracting public investments for implementing small-scale refining projects is on the agenda. While visiting the Tehran Oil Refinery on Saturday, Mohsen Paknejad noted that it was an opportune time to visit one of the ten …
Read More »Iran Says will never Back down from Its Share in Global Oil Market
Iranian government spokeswoman Fatemeh Mohajerani stressed Tehran will never back down from its share in the global oil market. Mohajerani made the remark in a post on her X account on Saturday in reaction to the latest move by the US Treasury Department which imposed sanctions on Iran’s Oil Minister …
Read More »Iran Begins Gas Production from First Infill Well at S Pars
Iran started gas production from its first infill well at South Pars, the country’s largest gas field in the Persian Gulf, increasing supply to meet growing energy demand. Touraj Dehghani, CEO of the state-run Pars Oil & Gas Company, announced that the newly launched well, located in Phase 12 of …
Read More »Iranian Oil Supply to China in Set to Rebound in March 2025
China’s imports of Iranian oil is set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under US embargo, trade sources and analysts said. The rebound of sanctioned oil shipments to China, the world’s top importer, is easing supply worries that had boosted …
Read More »China’s Imports of Russian and Iranian Oil Set to Rebound
A massive reshuffle of tankers allows non-sanctioned vessels to pick up trade with Russian and Iranian oil, which will result in a rebound in China’s imports of cheaper crude from the two producers in March, from a two-year low in February, analysts and traders tell Reuters. The Biden Administration’s farewell …
Read More »U.S. Sanctions Indian Firms Shipping Iranian Oil
The U.S. Office of Foreign Assets Control has added four Indian companies to its latest list of entities sanctioned for their involvement in the international trade of Iranian crude oil. The companies are Austinship Management Pvt Ltd, BSM Marine LLP, Cosmos Lines Inc, and Flux Maritime LLP. The designation of …
Read More »Atomic Energy Official: Iran to Build Yellowcake Production Plant
Iran’s Atomic Energy Organization has announced plans to construct a yellowcake production plant as part of its ongoing uranium mining and processing operations. Seyyed Javad Ahmadi, Deputy Head of the Atomic Energy Organization of Iran (AEOI), made the announcement during the launch of uranium extraction and processing at the General …
Read More »Iran-China Non-Oil Trade Stands at $26.7b in 10 Months
The value of non-oil trade between Iran and China stood at $26.7 billion in the first 10 months of the current Iranian calendar year (March 20, 2024-Jnuary 19, 2025), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Foroud Asgari said that importing non-oil goods worth $12.3 …
Read More »Goldman Sachs: Brent Crude could Hit $93 if Sanctions Hit Iranian, Russian Oil
Goldman Sachs analysts predict Brent crude prices could temporarily surge to $93 per barrel if sanctions successfully curb oil exports from Iran and Russia by a combined 1 million barrels per day (bpd). In a note shared by Zerohedge on X, the bank outlined a scenario where Iran faces persistent …
Read More »Russian Rosatom, Iran to Cooperate Building New Nuclear Power Plants
Russian company Rosatom Director General Alexey Likhachev has said that Iran and Russia will expand cooperation to build new nuclear power plants. Iran has plans to cooperate with the Russian company Rosatom on building small and large scale nuclear power plants, Alexey Likhachev told media reporters on Friday (January 17, …
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