Iranian gas refineries are currently producing 840 million cubic meters (mcm) of gas per day, according to the director of production coordination and supervision of the National Iranian Gas Company (NIGC). Speaking to the press on the sidelines of a visit to Ilam Refinery, Mohammad-Reza Jolaei, said natural gas accounts …
Read More »Iran to Boost Oil Exports Infrastructure on Kharg Island
The head of the Iranian Oil Terminals Company (IOTC) says that the oil export infrastructure will be developed on Kharg Island in the south of Iran. A project on renovating and repairing the western berths of Kharg is a significant step towards boosting oil exports in the country, Abbas Asadrooz …
Read More »Iran Says it Hit Record Daily Gas Production in South Pars
Iran’s state-run Pars Oil and Gas Company says daily output from the field reached an all-time high earlier this week amid growing demand for natural gas in the country’s electricity sector. The company said on Saturday that combined production from 28 phases of South Pars had hit a record of …
Read More »Iran Exports Non-Oil Goods Worth $1.2b to Pakistan in 7 Months
Iran has exported non-oil commodities valued at $1.2 billion to Pakistan in the first seven months of the current Iranian calendar year (March 20-October 21), the former head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Mohammad Rezvanifar said that Pakistan was the sixth top export destination of …
Read More »Natural Gas Transmission Exceeds 130 bcm in H1
Gas transmission through Iran’s natural gas network reached 133 billion cubic meters (bcm) in the first six months of the current Iranian calendar year (March 20-September 21), Iranian Gas Transmission Company (IGTC)’s Managing Director Peyman Khazraei announced. Khazraei said 74 percent of the overhaul plans and development goals of the …
Read More »Iran’s Daily Gas Supply from Storage Caverns to Hit 100 mcm
Iran’s Oil Ministry is expanding its natural gas storage capacity to reach a target of 100 million cubic meters (mcm) per day of supply from storage caverns to the country’s gas grid by 2028. CEO of Iran Gas Engineering and Development Company said on Saturday that the company has been …
Read More »OPEC Reports Slight Increase in Iran Oil Output in September
Iran’s oil production continued to rise in September despite a global decline in output and restrictions imposed on the country’s exports because of US sanctions. Latest data by the Organization of the Petroleum Exporting Countries (OPEC) cited by local news agencies on Monday showed that Iran’s oil output had increased …
Read More »Non-Oil Exports to Russia Rise 12% in 6 Months on Year
The value of Iran’s non-oil exports to Russia rose 12 percent in the first six months of the current Iranian calendar year (March 20-September 21) compared to last year’s first half, the Islamic Republic of Iran Customs Administration (IRICA) data showed. According to the mentioned data, Iran exported 1.3 million …
Read More »U.S. Imposes New Sanctions on Iran’s Oil, Petrochemical Sectors
The United States has introduced a fresh wave of sanctions targeting Iran’s oil and petrochemical industries, following Iran’s retaliatory missile attacks on Israeli military and intelligence facilities earlier this month. The sanctions, announced by the U.S. Treasury Department on Friday, are aimed at intensifying financial pressure on Iran, restricting its …
Read More »Iran-Turkey Five-Month Trade Exceeds $6b
The value of non-oil trade between Iran and Tukey stood at $6.01 billion in the first five months of the current Iranian calendar year (March 20-August 21), the Islamic Republic of Iran Customs Administration (IRICA) reported. The IRICA report put the weight of the non-oil trade between the two countries …
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