Iranian Oil Minister Mohsen Paknejad has stated that the Islamic Republic is planning to invest up to $120 billion in petroleum projects as the country seeks to increase its oil and gas production to respond to a rising demand for energy. Paknejad said on Saturday that Iran will invest some …
Read More »Iran Becomes Third Country to Develop Rapid Gas Detection Kits for Oil, Mining Industries
Iranian scientists have developed the technical know-how to produce rapid gas detection kits, making Iran the third country to achieve this feat. The kits, known for their low cost and high quality, are now being exported due to their efficiency in quickly detecting gases in the oil, gas, and mining …
Read More »Iran’s Oil Minister Elected as OPEC President for 2025
Iranian Oil Minister Mohsen Paknejad has been elected as the president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025. Paknejad expressed gratitude for the trust placed in him, pledging to utilize all his efforts and resources to strengthen OPEC’s unity and progress. “Serving as OPEC president is …
Read More »Iran’s Energy Minister Assures no Blackouts amid Supply Boost
Iranian Energy Minister Abbas Aliabadi has announced that there are no power outages currently across the country as the electricity supply has been stable, and sufficient fuel has been secured to prevent any blackouts. During a parliamentary session on Tuesday, Aliabadi highlighted the significant differences between electricity production and consumption …
Read More »Eurostat Says Turkey Resumed Oil Imports from Iran after 4 Years
Figures by the European Union’s statistics agency, Eurostat, have shown that Ankara resumed importing oil from Tehran in March 2024 nearly four years after it cut shipments to zero to comply with US sanctions on Iran. Eurostat data cited in a Sunday report by IRNA news agency found that Turkey …
Read More »Iran Stands Firm on Arash Gas Field Share in Persian Gulf
Iran’s oil minister, Mohammad Javad Owji reaffirmed Tehran’s commitment to its share in the Arash gas field in the Persian Gulf, vowing not to exceed the agreed-upon production levels. Owji expressed optimism regarding the resolution of issues concerning the Arash field through ongoing negotiations with Kuwait. He assured that Iran …
Read More »Iran’s Oil Exports to China Hit all-Time Record in August
Iran’s exports of oil to China hit a historic record in August despite Washington pressure on Tehran, according to a report published in the local media citing data from a major international energy data company. The Sunday report by Fars news agency said Iran’s oil exports to China had reached …
Read More »Nuclear Chief: Iran to Keep Manufacturing Radiopharmaceuticals to Meet Health Needs
Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami has stated that Tehran will continue to produce radiopharmaceuticals in order to meet the domestic demands of the health sector. Eslami made the comment on Saturday during an interview on national TV. He said that radiopharmaceuticals have already helped …
Read More »Iranian Atomic Chief: Iran has over 300 Heavy Nuclear Derivatives
The director of the Atomic Energy Organization of Iran says today the country produces more than 300 types of heavy nuclear derivatives, each gram of which is worth tens of thousands of dollars. Mohammad Eslami added that these strategic capabilities once meant no entry areas for Iran but the country …
Read More »Iran Nuclear Chief Says Tehran Producing Heavy Water Derivatives
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 …
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